Is GR Infraprojects a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GR Infraprojects Ltd is a good quality company .

Is GR Infraprojects undervalued or overvalued?

The key valuation ratios of GR Infraprojects Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is GR Infraprojects share price return in the past 10 years ?

Data is not available for this company

Is GR Infraprojects a good buy now?

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

GR Infraprojects Ltd Stock Analysis

Item: GR Infraprojects Ltd
Rating: 4
Author: MoneyWorks4me Rating

BSE: 543317 | NSE: GRINFRA | Engineering - Construction | Small Cap

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BSE Share Price 30-Nov-2023 14:18
1043.05 -8.75 (-0.83%)

10 Year X-Ray of GR Infraprojects:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ Value Creation Index Colour Code Guide ⓘ
	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	8.8%	6.7%	16%	42.9%	23.5%	24.8%	22.2%	19.7%	16.1%	15.5%	-
Value Creation Index ⓘ	-0.4	-0.5	0.2	2.2	0.7	0.8	0.7	0.5	0.2	0.2	-

Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	761	877	1,928	3,170	3,105	4,950	6,028	7,244	7,919	8,148	7,620
YoY Gr. Rt. %	-	15.2%	120%	64.4%	-2.1%	59.4%	21.8%	20.2%	9.3%	2.9%	-
Adj EPS ⓘ	14.1	11.5	42.5	100.2	40.2	60.7	70.9	80.3	77.6	86.3	72.2
YoY Gr. Rt. %	-	-18.3%	269.1%	135.8%	-59.9%	51%	16.8%	13.3%	-3.4%	11.2%	-
BVPS (₹) ⓘ	164.2	176.2	225.1	234.9	158.8	220.8	291.6	372.8	451.3	539.4	573.8
Adj Net Profit ⓘ	35	28.6	103	486	390	588	687	776	750	834	698
Cash Flow from Ops. ⓘ	-102	105	295	377	-4.1	652	831	420	561	764	-
Debt/CF from Ops. ⓘ	-2.7	2.7	1.2	1.1	-149.5	1.6	1.3	3.2	2	1.4	-

CAGR ⓘ CAGR Colour Code Guide ⓘ
	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	30.1%	21.3%	10.6%	2.9%
Adj EPS ⓘ	22.3%	16.5%	6.8%	11.2%
BVPSⓘ	14.1%	27.7%	22.8%	19.5%
Share Price	-	-	-	-13%

Key Financial Parameters ⓘ Performance Ratio Colour Code Guide ⓘ
	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	9	6.8	20.9	57.7	29.1	32	27.7	24.1	18.8	17.4	13
Op. Profit Mgn % ⓘ	13	10.5	11.8	17.1	18.5	20.4	20.7	18.1	16.2	16	14.1
Net Profit Mgn % ⓘ	4.6	3.3	5.3	15.3	12.6	11.9	11.4	10.7	9.5	10.2	9.2
Debt to Equity ⓘ	0.7	0.7	0.7	0.4	0.4	0.5	0.4	0.4	0.3	0.2	0.1
Working Cap Days ⓘ	214	254	159	123	164	158	171	179	195	210	231
Cash Conv. Cycle ⓘ	105	100	36	34	63	51	52	51	46	59	128

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.57%

Return on Equity has declined versus last 3 years average to 13.00%

Net Profit has been subdued in last 3 years 6.78%

Sales growth is not so good in last 4 quarters at -8.04%

Latest Financials - GR Infraprojects Ltd.

	Standalone	Consolidated
TTM EPS (₹)	72.2	128.3
TTM Sales (₹ Cr.)	7,620	9,014
BVPS (₹.) ⓘ	573.8	702.7
Reserves (₹ Cr.) ⓘ	5,500	6,746
P/BV ⓘ	1.83	1.50
PE ⓘ	14.58	8.20

From the Market
52 Week Low / High (₹)	930.00 / 1381.60
All Time Low / High (₹)	930.00 / 2277.00
Market Cap (₹ Cr.)	10,170
Equity (₹ Cr.)	48.3
Face Value (₹)	5
Industry PE ⓘ	35.6

Management X-Ray of GR Infraprojects :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of GR Infraprojects

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GR Infraprojects

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

News

GR Infraprojects Ltd FAQs

What is the share price of GR Infraprojects ?

Company share prices are keep on changing according to the market conditions. The closing price of GR Infraprojects on 30-Nov-2023 14:18 is : 1,043.1.

What is the market cap of GR Infraprojects ?

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 30-Nov-2023 14:18 the market cap of GR Infraprojects stood at ₹ 10,169.8.

What is the PE ratio of GR Infraprojects ?

The latest PE ratio of GR Infraprojects as of 30-Nov-2023 14:18 is 14.58.

What is the PB ratio of GR Infraprojects?

The latest PB ratio of GR Infraprojects as of 30-Nov-2023 14:18 is 1.83

What is the 52-week high and low of GR Infraprojects ?

The 52-week high of GR Infraprojects is ₹ 1,381.6 and the 52-week low is ₹ 930.0.

What is the TTM revenue of GR Infraprojects ?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of GR Infraprojects is ₹ 7,620 ( Cr.) .

About GR Infraprojects Ltd

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company with experience in design and construction of various road/highway projects across States in India and having recently diversified into projects in the railway sector. The company’s principal business of civil construction comprises EPC and BOT projects in the road sector. It has, since 2006, executed over 100 road construction projects. It also has experience in constructing state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges. It has over the years developed an established road EPC business and has gradually added facilities to support and supplement its road construction business. As part of its in-house integrated model, it has developed in house resources with key competencies to deliver a project from conceptualization to completion that includes its design and engineering team, three manufacturing units at Udaipur, Rajasthan, Guwahati, Assam and Sandila, Uttar Pradesh for processing bitumen, thermoplastic road-marking paint and road signage and a fabrication and galvanization unit at Ahmedabad, Gujarat for manufacturing metal crash barriers and electric poles.

Business area of the company

The company’s principal business operations are broadly divided into three categories: (i) civil construction activities, under which it provide EPC services; (ii) development of roads, highways on a Build Operate Transfer (BOT) basis, including under annuity and Hybrid Annuity Model (HAM); and (iii) manufacturing activities, under which it process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.

Awards, accreditations or recognitions

2013: Emerging Companies Excellence Award from the Business Today in association with Yes Bank.
2014: ‘Best Professionally Managed Company’ in the ‘Turnover of Rs 500 to Rs 1,000 crore’ category from the Construction Industry Development Council in the CIDC Vishwakarma Awards 2014.
2015: CIDC Vishwakarma Award 2015 under the ‘Best Construction Projects’ category from the Construction Industry Development Council for the Jodhpur Pali Project, Jodhpur
2016: ET Promising Brand of Udaipur 2016 from The Economic Times.
2018: Certificate of excellence for ‘Outstanding and Inspiring Achievement in Adoption of Technology / Telematics’ at the ATMA Fleet Management Awards.
2019: Awarded ‘Fastest Growing Construction Company (Medium Category)’ at the Construction World Awards, 2019.
2020: Awarded ‘Fastest Growing Construction Company (Large)’ at the 18th Construction World Annual Awards Online.
2021: Awarded at the 12th CIDC Vishwakarma Awards 2021 under the ‘Best Construction Project’ category by the Construction Industry Development Council for the Faridkot - Kotkapura - Bathinda Section of NH -15, Bhatinda.
2021: Awarded at the 12th CIDC Vishwakarma Awards 2021 under the ‘Best Construction Project’ category by the Construction Industry Development Council for the Jaisalmer - Barmer Section of NH - 15 to Two / Four, Barme.

Major events and milestones

1996: Received certificate for commencement of business.
1996: Take-over of business of the then existing partnership firm Gumani Ram Agarwal.
2001: Forayed into the field of development of infrastructure projects
2006: Established a centralized workshop with fabrication facilities at NH 8, Balicha Bypass, Udaipur, for reducing equipment downtime.
2007: Change of name of Company to G R Infraprojects as the activities being undertaken by the company were reflected in broader terms from the new name.
2009: Commenced operations at the bitumen emulsion/PMB manufacturing unit at Kaladwas in Rajasthan, having annual installed capacity of 30,000 MT.
2011: Investment by India Business Excellence Fund I, India Business Excellence Fund and IDFC Investment Advisors Limited in the form of subscription to Equity Shares
2013: Completed construction of the Shillong Bypass Project, approximately 10 months prior to the scheduled date of completion.
2014: Commenced operations at Company’s second bitumen emulsion manufacturing unit at Amingaon, Assam, having annual installed capacity of 30,000 MT.
2015: Commenced operations at its fabrication and galvanisation unit for metal crash barriers at Ahmedabad, Gujarat having installed capacity of 24,000 MT.
2016: First BOT project on hybrid annuity mode for company awarded by NHAI with a Bid Project Cost of Rs 13,670 million.
2017: Sale of controlling stake in two erstwhile subsidiaries of Company namely Jodhpur Pali Expressway and Shillong Expressway.
2018: Awarded company’s first railway project.
2019: Commenced operations at company’s third bitumen emulsion manufacturing unit at Sandila, Uttar Pradesh.
2020: Completed first NHAI HAM project for the four laning of Phagwara - Rupnagar section of NH-344A from km 0.00 (design chainage) to km. 80.820 (design chainage).