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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

₹181 -2.30 (-1.25%)

As on 15-Sep'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

₹181 -2.30 (-1.25%)

As on 15-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹431 Cr.
Current Price
₹181
52-Week Low / High
₹89 / 203
TTM EPS
₹18.8
TTM Sales
₹820 Cr.
Book Value per Share
₹114.9
P/E Ratio
9.62
Higher than its 3-year historical median
Industry PE
24
Price to Book (P/B)
1.58
Higher than its 3-year historical median
Price to Sales (P/S)
0.53
Higher than its 3-year historical median
EV/EBITDA
5.87
Higher than its 3-year historical median
Dividend Yield
0.14%
Profitability Efficiency
Return on Equity (ROE)
17.87%
Outperforms industry median
Return on Capital Employed (ROCE)
22.69%
Outperforms industry median
Return on Assets (ROA)
10.81%
Operating Profit Margin
9.4%
Net Profit Margin
5.48%
Gross Profit Margin
8.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
61.8%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
79.86%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
77.76%
Asset Quality
Promoter Holding
73.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹250 Cr.
Equity
₹23.8 Cr.
Face Value
₹10
All Time Low / High
₹89.06 / 203.00

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 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining 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 22.16% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 15.2%14.4%14.5%12.8%10.2%12.2%20.7%23.3%18%22.7%-
Value Creation
Index
0.10.00.0-0.1-0.3-0.10.50.70.30.6-

Growth Parameters

Sales 136142173182200208345579502812812
Sales YoY Gr.-4.5%22.1%5.3%9.6%4.2%65.7%67.6%-13.4%61.8%-
Adj EPS 3.34.24.54.53.93.99.312.310.518.818.8
YoY Gr.-27.9%7.2%0.9%-14.2%1.6%135.4%32.4%-14.5%79.7%-
BVPS (₹) 28.433.337.842.24650.359.672.196114.8114.8
Adj Net
Profit
5.77.37.87.96.76.816.121.324.944.845
Cash Flow from Ops. 18.96.716.86.37.720.422.212.1-36.8-0.2-
Debt/CF from Ops. 3.58.63.29.18.42.61.84-1.9-360.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22%32.3%33%61.8%
Adj EPS 21.5%37.2%26.7%79.7%
BVPS16.8%20.1%24.4%19.5%
Share Price - - - 18.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
12.213.512.611.38.88.216.918.614.117.916.4
Op. Profit
Mgn %
14.911.811107.89.18.268.59.5NAN
Net Profit
Mgn %
4.25.14.54.33.43.34.73.755.55.5
Debt to
Equity
1.410.80.80.80.60.40.40.30.3-
Working Cap
Days
196208196213216215126841361210
Cash Conv.
Cycle
607372948990613551430

Valuation of BR Goyal Infra. - Consolidated

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'22Mar'23Mar'24Mar'25Mar'26
Sales225346589510820
Operating Expenses + 204318554467743
Manufacturing Costs104198303238287
Material Costs8299746249
Employee Cost 79141831
Other Costs 1113163149377
Operating Profit 2028344377
Operating Profit Margin (%) 9.1%8.2%5.8%8.4%9.4%
Other Income + 47754
Exceptional Items 00000
Interest 988911
Depreciation 55558
Profit Before Tax 1022293463
Tax 357918
Profit After Tax 817222545
PAT Margin (%) 3.4%5.0%3.7%5.0%5.5%
Adjusted EPS (₹)4.310.012.610.618.8
Dividend Payout Ratio (%)0%0%0%0%1.30%
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 87105127229274
Share Capital 9992424
Reserves 7996118205250
Debt +4637385561
Long Term Debt1918162531
Short Term Debt2820223030
Minority Interest00000
Trade Payables2514222936
Others Liabilities 4541535988
Total Liabilities 203197239373458

Fixed Assets

Net Fixed Assets +5447557199
Gross Block10398109128158
Accumulated Depreciation4951535659
CWIP 00002
Investments 03654
Inventories53576098150
Trade Receivables2721293851
Cash Equivalents 2329296630
Others Assets 47406094122
Total Assets 203197239373458
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 272312-362
PBT 1022293463
Adjustment 1098915
Changes in Working Capital 9-3-19-71-60
Tax Paid -2-5-6-8-16
Cash Flow From Investing Activity + -02-13-19-35
Capex -12-12-21-38
Net Investments -0-3-3-01
Others 13232
Cash Flow From Financing Activity + -19-19192-2
Net Proceeds from Shares 000870
Net Proceeds from Borrowing 00-296
Interest Paid -7-7-6-7-9
Dividend Paid 00000
Others -12-12931
Net Cash Flow 86036-36
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.6418.0318.9114.2117.87
ROCE (%)13.5221.3823.0117.9722.69
Asset Turnover Ratio1.111.732.71.671.97
PAT to CFO Conversion(x)3.381.350.55-1.440.04
Working Capital Days
Receivable Days432515.3023.8019.70
Inventory Days8658.1036.4056.8055.20
Payable Days109.2072.1089.70151.70242.20

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Announcements

BR Goyal Infrastructure Ltd FAQs

The current trading price of BR Goyal Infra. on 15-Sep-2026 16:59 is ₹181.0.

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 14-Sep-2026 the market cap of BR Goyal Infra. stood at ₹431.2 Cr

The latest P/E ratio of BR Goyal Infra. as of 14-Sep-2026 is 9.64.

The latest P/B ratio of BR Goyal Infra. as of 14-Sep-2026 is 1.58.

The 52-week high of BR Goyal Infra. is ₹203.0 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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