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BR Goyal Infrastructure Ltd (544335)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544335 NSE: Engineering - Construction | Small Cap | BR Goyal Infra. Share Price

₹180.15 0.15 (0.08%)

As on 05-Aug'26 16:59

BR Goyal Infrastructure Ltd (544335)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544335 NSE: Engineering - Construction | Small Cap | BR Goyal Infra. Share Price

₹180.15 0.15 (0.08%)

As on 05-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹429 Cr.
Current Price
₹180.2
52-Week Low / High
₹89 / 190
TTM EPS
₹18.8
TTM Sales
₹812 Cr.
Book Value per Share
₹96
P/E Ratio
9.60
Industry PE
29
Price to Book (P/B)
1.88
Price to Sales (P/S)
0.53
EV/EBITDA
5.89
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
17.81%
Outperforms industry median
Return on Capital Employed (ROCE)
22.71%
Outperforms industry median
Return on Assets (ROA)
11.04%
Operating Profit Margin
8.5%
Net Profit Margin
5.51%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-13.35%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
80.48%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
78.34%
Asset Quality
Promoter Holding
73.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹205 Cr.
Equity
₹23.8 Cr.
Face Value
₹10
All Time Low / High
₹89.06 / 189.90

BR Goyal Infrastructure stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is BR Goyal Infrastructure Ltd a good quality company?
BR Goyal Infrastructure Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does BR Goyal Infrastructure Ltd performance compare with that of its Peers?
Q.1 Revenue growth of BR Goyal Infrastructure Ltd vs industry peers?
BR Goyal Infrastructure Ltd revenue CAGR is 22.42%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of BR Goyal Infrastructure Ltd?
Promoters hold 73.60% of the BR Goyal Infrastructure Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of BR Goyal Infrastructure Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 11.99% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
BR Goyal Infrastructure Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.6%15.2%14.4%14.5%12.8%10.2%12.2%20.7%23.3%18%-
Value Creation
Index
-0.20.10.00.0-0.1-0.3-0.10.50.70.3-

Growth Parameters

Sales 135136142173182200208345579502812
Sales YoY Gr.-0.8%4.5%22.1%5.3%9.6%4.2%65.7%67.6%-13.4%-
Adj EPS 1.63.34.24.54.53.93.99.312.310.518.8
YoY Gr.-107.6%27.9%7.2%0.9%-14.2%1.6%135.4%32.4%-14.5%-
BVPS (₹) 24.928.433.337.842.24650.359.672.19696
Adj Net
Profit
2.75.77.37.87.96.76.816.121.324.945
Cash Flow from Ops. 18.418.96.716.86.37.720.422.212.1-36.8-
Debt/CF from Ops. 3.33.58.63.29.18.42.61.84-1.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.7%22.4%34%-13.4%
Adj EPS 23.5%18.4%38.6%-14.5%
BVPS16.2%17.9%24.1%33.1%
Share Price - - - 16.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.512.213.512.611.38.88.216.918.614.119.6
Op. Profit
Mgn %
10.314.911.811107.89.18.268.5NAN
Net Profit
Mgn %
24.25.14.54.33.43.34.73.755.5
Debt to
Equity
1.41.410.80.80.80.60.40.40.3-
Working Cap
Days
182196208196213216215126841360
Cash Conv.
Cycle
616073729489906135510

Valuation of BR Goyal Infra. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales136142173182200208345579502811
Operating Expenses + 116125154164184189317544459735
Manufacturing Costs553226869991196295230278
Material Costs37405267767898736249
Employee Cost 88910879141831
Other Costs 164668111314163148377
Operating Profit 20171918151928344377
Operating Profit Margin (%) 14.9%11.8%11.0%9.9%7.7%9.1%8.2%5.9%8.5%9.5%
Other Income + 3743446754
Exceptional Items 0000000000
Interest 87765788911
Depreciation 6765555558
Profit Before Tax 910101091021293462
Tax 33222357918
Profit After Tax 67887716222545
PAT Margin (%) 4.5%5.1%4.5%4.3%3.3%3.6%4.7%3.8%5.0%5.5%
Adjusted EPS (₹)3.54.24.54.53.84.39.312.610.518.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%1.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 495866738087104125229273
Share Capital 119999992424
Reserves 48575765717995117205250
Debt +56474952574636375459
Long Term Debt24161818231917152429
Short Term Debt32313234332820223030
Minority Interest0000000000
Trade Payables15121825241914222932
Others Liabilities 31273428334541515678
Total Liabilities 151144167179194198195236368443

Fixed Assets

Net Fixed Assets +53454744445447557199
Gross Block858289908910398109128158
Accumulated Depreciation32374246454951535659
CWIP 117791300002
Investments 0000002555
Inventories262736394050556098148
Trade Receivables17293135362622293643
Cash Equivalents 1061313132328296426
Others Assets 332933394845415893119
Total Assets 151144167179194198195236368443
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 1971768202212-37-0
PBT 910101091021293462
Adjustment 1313111091198915
Changes in Working Capital -0-13-1-11-72-3-18-72-62
Tax Paid -2-3-3-3-2-2-5-6-8-16
Cash Flow From Investing Activity + -125-5-3-7-13-13-19-35
Capex -133-5-4-8-12-12-21-38
Net Investments 00000-0-2-3-01
Others 1111112232
Cash Flow From Financing Activity + -1-16-5-3-1-11-19191-3
Net Proceeds from Shares 00000000870
Net Proceeds from Borrowing 0000000-296
Interest Paid -7-7-7-6-5-7-7-6-7-9
Dividend Paid 0000000000
Others 6-9235-3-13931
Net Cash Flow 6-470-095036-38
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.1313.5112.5911.28.578.9316.9419.0914.1617.81
ROCE (%)15.2314.4114.4912.810.1612.1720.7123.2917.9922.71
Asset Turnover Ratio0.960.961.111.051.071.061.762.691.662
PAT to CFO Conversion(x)3.1712.130.751.142.861.380.55-1.48-0
Working Capital Days
Receivable Days45.1059.5063.1065.8064.3053.7025.4016.2023.5017.60
Inventory Days63.7069.3066.707572.3079.1055.6036.2057.3055.30
Payable Days144.20123106117.30117.20100.7062.5092150.60225.80

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BR Goyal Infrastructure Ltd FAQs

The current trading price of BR Goyal Infra. on 05-Aug-2026 16:59 is ₹180.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Aug-2026 the market cap of BR Goyal Infra. stood at ₹429.2 Cr

The latest P/E ratio of BR Goyal Infra. as of 04-Aug-2026 is 9.60.

The latest P/B ratio of BR Goyal Infra. as of 04-Aug-2026 is 1.88.

The 52-week high of BR Goyal Infra. is ₹189.9 and the 52-week low is ₹89.06.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BR Goyal Infra. is ₹812 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that BR Goyal Infrastructure Ltd is a average quality company.

The key valuation ratios of BR Goyal Infrastructure Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BR Goyal Infrastructure Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About BR Goyal Infrastructure Ltd

B.R. Goyal Infrastructure Limited was originally formed as Partnership Firm under the Indian Partnership Act, 1932 (Partnership Act) in the name and style of ‘M/s. Balkrishna Ramkaran Goyal pursuant’ to a Deed of Partnership dated August 4, 1986 entered amongst the original partners Bal Krishna Goyal, Gopal Goyal and Sarla Goyal for the purpose of carrying out the business of roads, building and drainage contractor ship having its principal place of business at Indore, Madhya Pradesh, India on the terms and conditions contained in the said partnership deed duly registered by the Registrar of Firms Further for re-constitution of the partnership, changes in the business to be carried out, changes in terms and conditions of the deed, the Partnership Deed was subsequently amended on April 1, 1992, March 31, 1996, April 1, 1998, November 1, 2004 respectively. The business of the Partnership Firm was taken over by the company pursuant to the conversion and ‘M/s. Balkrishna Ramkaran Goyal’ was thereafter converted from a Partnership firm to a Private Limited Company under Part IX of the Companies Act, 1956 in the name and Style of ‘B.R.Goyal Infrastructure Private Limited’ under the provisions of Companies Act, 1956 vide certificate of incorporation dated April 1, 2005 issued by Registrar of Companies, Madhya Pradesh and Chhattisgarh.

Subsequently, the company was converted into a Public Limited Company and the name of the company was changed from ‘B.R. Goyal Infrastructure Private Limited’ to ‘B.R.Goyal Infrastructure Limited’ vide fresh Certificate of Incorporation dated May 9, 2018 issued by the Registrar of Companies, Gwalior.

The company is engaged in the construction and development of infrastructure projects such as roads, highways, bridges and buildings since inception. The company carry out EPC services for third parties (majorly for government departments), primarily in the roads & highways, commercial complex, industrial parks, housing projects and HAM (Hybrid Annuity Mode) Projects. The company is also engaged in wind power generation, manufacturing of Ready-Mix Concrete (RMC) and Toll Collection Contract (TCC).

It executes road construction projects as EPC contractors and construction services providers. For the projects that it delivers on an EPC and construction services basis, the scope of its services typically includes design and engineering of the project, procurement of raw materials, project execution at site with overall project management up to the commissioning of these projects. In addition, it also undertakes repair and maintenance of projects in accordance with its contractual arrangements. Its employee resources and fleet of equipment, together with its engineering skills and capabilities, enable it to execute a range of construction projects involving varying degrees of complexity.

Its Promoters and Directors, has been connected with infrastructure and construction industry for decades. They along with its qualified management team of professionals focuses on timely completion of the projects undertaken by the company and acknowledges that projects are critical to the continued growth and success of the company. Under their leadership, the company has expanded its operation considerably over a period of time.

Business area of the company

The company is engaged in the business of Construction Activities and Wind Power Generation.

History and milestones

  • 2005-06: Incorporation of the company in the name and style of ‘B.R.Goyal Infrastructure Private Limited’. 
  • 2018-19: Converted into Public Limited Company vide fresh certificate of incorporation dated May 9, 2018 BRGIPL JV KTIL LLP- Subsidiary of the company. 
  • 2021-22: B. R Goyal Tollways LLP- Subsidiary of its Company BRGIL-LLP: Associate of the company. 
  • 2022-23: BR-DSR Lateri Shamshabad Private Limited- Subsidiary of the company.

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