B.R.Goyal Infrastructure Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹463 Cr
- P/E
- 10.33
- ROE
- 17.85%
- PEG
- 0.25
- Price to sales
- 0.56
- Debt to equity
- 0.27
- 52W high / low
- ₹202 / ₹91.3
- Sales growth (5Y)
- 32.34%
- EBITDA margin
- 9.48%
- Net profit margin
- 5.52%
- Promoter holding
- 73.60%
- Sales (last year)
- ₹812 Cr
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings.[1]
Guidance scorecard · Q4 FY26 call
What B.R.Goyal Infrastructure Ltd's management guided
and where it ranks in Construction
RevenueQ2 FY26 call
20–40%- Targeting 35% to 40% revenue growth in the current financial year (FY 2026) with expected turnover between INR 700 crores to INR 750 crores.
- For FY 2027, expecting growth of 15% to 20% with targeted revenue around INR 900 crores.
- Order book as of September 30, 2025 stands at INR 1,535 crores, providing visibility for the next two years.
- A strong order pipeline of INR 2,500 crores in bids submitted, with an expected strike rate of 15% to 20%, leading to approx. INR 500 crores of new orders soon.
2 more points from B.R.Goyal Infrastructure Ltd's call on revenue
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MarginsQ2 FY26 call
Up 2%+See what B.R.Goyal Infrastructure Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
- The company has undertaken capex of around INR 16 crores recently, partly funded by an IPO proceed of INR 8 crores and a term loan of INR 7 crores for equipment and commercial loans.
- This capex is intended to ensure smooth and fast project execution by investing in plant, machinery, construction equipment, and vehicles.
- There is a focus on expanding bidding capacity for larger projects (e.g., road projects up to INR 600 crores, building projects above INR 100 crores).
- The company is working on adopting green construction materials and energy-efficient equipment, including green steel and FRP made from waste materials, aligned with government approvals.
FundraisingQ2 FY26 call
None plannedSee what B.R.Goyal Infrastructure Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- As of September 30, 2025, the unexecuted order book stands at INR 1,535 crores, up 73% from INR 887 crores as of September 30, 2024.
- Execution timeline averages 12 to 36 months depending on the project.
- For H2 FY26, expected execution of INR 400 to 450 crores orders.
- For FY27, expected execution of INR 800 to 900 crores orders.
- Bid pipeline currently stands at INR 2,500 crores submitted.
2 more points from B.R.Goyal Infrastructure Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of B.R.Goyal Infrastructure Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of B.R.Goyal Infrastructure Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of B.R.Goyal Infrastructure Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 253 | 258 | 225 | 346 | 589 | 510 | 639 |
| Expenses + | 234 | 242 | 206 | 320 | 554 | 467 | 582 |
| Operating Profit | 19 | 16 | 19 | 27 | 34 | 43 | 57 |
| OPM % | 8% | 6% | 8% | 8% | 6% | 8% | 9% |
| Other Income + | 3 | 4 | 4 | 7 | 7 | 5 | 5 |
| Interest | 7 | 6 | 7 | 7 | 8 | 9 | 5 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 8 |
| Profit before tax | 10 | 9 | 10 | 22 | 29 | 34 | 48 |
| Tax % | 22% | 23% | 26% | 22% | 24% | 25% | |
| Net Profit + | 8 | 7 | 7 | 17 | 22 | 25 | 35 |
| EPS in Rs | 8.95 | 7.55 | 8.57 | 19.92 | 25.16 | 10.57 | 14.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of B.R.Goyal Infrastructure Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 24 | 24 |
| Reserves | 65 | 71 | 79 | 96 | 118 | 205 | 221 |
| Borrowings + | 57 | 65 | 53 | 42 | 49 | 70 | 77 |
| Other Liabilities + | 77 | 49 | 63 | 51 | 63 | 74 | 119 |
| Total Liabilities | 208 | 194 | 203 | 197 | 239 | 373 | 440 |
| Fixed Assets + | 44 | 49 | 54 | 47 | 55 | 71 | 81 |
| CWIP | 9 | 7 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3 | 6 | 5 | 6 |
| Other Assets + | 155 | 138 | 150 | 147 | 178 | 296 | 354 |
| Total Assets | 208 | 194 | 203 | 197 | 239 | 373 | 440 |
Financials of B.R.Goyal Infrastructure Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 8 | 27 | 23 | 12 | -36 |
| Cash from Investing Activity + | -15 | -7 | -0 | 2 | -13 | -19 |
| Cash from Financing Activity + | -4 | -1 | -19 | -19 | 1 | 92 |
| Net Cash Flow | -12 | -0 | 8 | 6 | 0 | 36 |
| Free Cash Flow | 4 | 0 | 26 | 25 | -0 | -58 |
| CFO/OP | 52% | 39% | 154% | 104% | 53% | -66% |
Financials of B.R.Goyal Infrastructure Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 58 | 37 | 43 | 22 | 18 | 27 |
| Inventory Days | 256 | 191 | 235 | 211 | 295 | 582 |
| Days Payable | 207 | 100 | 109 | 53 | 109 | 172 |
| Cash Conversion Cycle | 107 | 128 | 169 | 180 | 204 | 437 |
| Working Capital Days | 46 | 60 | 74 | 58 | 40 | 77 |
| ROCE % | 10% | 12% | 20% | 22% | 18% |
Continue your research
What B.R.Goyal Infrastructure Ltd's management said in earlier quarters
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