Arthneeti

G R Infraprojects Q1 FY27 Share Price & Earnings Call Analysis

₹774.95-0.55% today
Market cap
₹7,502 Cr
P/E
7.99
ROE
9.20%
PEG
-0.47
Price to sales
0.82
Debt to equity
0.52
52W high / low
₹1,190 / ₹760
Sales growth (5Y)
1.38%
EBITDA margin
18.39%
Net profit margin
9.78%
Promoter holding
74.69%
Sales (last year)
₹9,195 Cr

Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement, Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. It mainly undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis in the road sector. [1]

Guidance scorecard · Q1 FY27 call

What G R Infraprojects Ltd's management guided
and where it ranks in Construction

#38of 58 in
Construction
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookFlat

RevenueQ1 FY27 call

10–20%
  • FY '27 revenue growth is guided at 15% to 20%, despite a strong 30%+ jump in Q1 FY '27.
  • FY '28 revenue target is around INR 11,000 to INR 12,000 crores, aiming for approximately 20% growth.
  • Potential for 25% annual growth in FY '27 exists if appointed dates for projects and monsoon patterns align favorably.
  • Execution growth is influenced by timing of project appointed dates, especially starting from November after monsoon.
  • Order inflow target for FY '27 is INR 20,000 to 22,000 crores, with potential +/- 10% variation depending on bids.
  • Road sector and transportation, including metro and highways, remain key revenue drivers.
  • Oil & Gas segment targets INR 1,000+ crores revenue for FY '27, expecting growth through more bids domestically before expanding internationally.

2 more points from G R Infraprojects Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what G R Infraprojects Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Current capex guidance for FY '27 is approximately INR 300 crores; for FY '28, it is INR 200-250 crores.
  • Warehousing business: INR 130 crores deployed already, with a plan to invest INR 450-500 crores in FY '27.
  • Total planned equity investment over the next 3 years is around INR 3,300 crores, largely committed.
  • Pending investment of INR 3,300-3,400 crores will take total investment to approx. INR 5,700-6,000 crores in 3 years.
  • Additional INR 2,000 crores of units in InvIT will take total invested amount toward INR 8,000 crores.
  • Expansion in transmission towers manufacturing to address supply delays and potentially cater to international markets in future.

2 more points from G R Infraprojects Ltd's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what G R Infraprojects Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Flat
  • Total orderbook stands around INR 20,000 to 22,000 crores as targeted.
  • Bid pipeline in roads alone is about INR 28,000 crores yet to be opened.
  • Additional INR 4,000 crores are in hydro and tunnels sector.
  • The company has bid INR 28,000 crores in road and transport projects, covering highways and metros.
  • Expecting order inflows in range of INR 20,000 to 25,000 crores for the current year.
  • Pending equity investment of around INR 3,300-3,400 crores is expected to bring total investment to INR 5,700-6,000 crores over next 3 years.

2 more points from G R Infraprojects Ltd's call on the order book

Create a free account to keep reading this call

Full Q1 FY27 analysis
Full Construction ranking

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does G R Infraprojects Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Construction companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,531 Cr11.7
240%+Flat₹1,089 Cr9.3
340%+Flat₹898 Cr7.6
440%+Flat₹807 Cr14.7
540%+Flat₹554 Cr13.1
640%+Flat₹516 Cr30.7

Sign up free to see every company in the sector ranking and track G R Infraprojects Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Construction ranking

Financials of G R Infraprojects Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of G R Infraprojects Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,4612,4781,8832,1342,4852,0301,3941,6942,2761,9881,6022,3082,500
Expenses +1,7911,8711,4161,6261,9451,6621,0411,3251,7301,5901,2151,8402,132
Operating Profit670607467508540368353370545398387468368
OPM %27%25%25%24%22%18%25%22%24%20%24%20%15%
Other Income +312126253432082154136925091110
Interest121137145155128103112113121117126153112
Depreciation59606261616363615752514947
Profit before tax521432287316694222260350504321260356320
Tax %25%28%24%23%20%30%26%25%20%24%27%27%34%
Net Profit +390310217243553156194263403244190259210
EPS in Rs40.3032.0522.4625.1057.2916.0819.9827.0541.7525.2319.9126.7921.39

Financials of G R Infraprojects Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,0472,0203,1893,1415,2836,3737,8448,4589,4828,9807,3958,399
Expenses +8701,7082,5762,5343,9994,7865,9916,7236,9286,8585,7586,777
Operating Profit1773116136071,2841,5871,8531,7352,5542,1221,6361,622
OPM %17%15%19%19%24%25%24%21%27%24%22%19%
Other Income +89159434351676587415393343
Interest8810512666170295362420443565448508
Depreciation44506983149189227282246244245199
Profit before tax521655775011,0081,1541,3311,0991,9521,7291,3371,258
Tax %40%38%-2%19%29%31%28%24%26%23%24%28%
Net Profit +311025884067178019558321,4541,3231,015903
EPS in Rs12.1640.76118.2240.8272.0680.5396.0186.04150.42136.90104.8593.31
Dividend Payout %0%0%0%0%0%0%0%0%0%0%12%3%

Financials of G R Infraprojects Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital252548484848484848484848
Reserves4105131,0831,4942,1812,9793,9324,7636,2177,5438,4439,331
Borrowings +9209795318472,1413,2104,5255,2825,6973,8174,9714,872
Other Liabilities +3015618557231,4581,5461,5861,5671,7951,5241,4631,797
Total Liabilities1,6562,0772,5173,1125,8297,78310,09111,66013,75712,93214,92516,048
Fixed Assets +5476983846159301,0291,3451,4851,4391,3091,0881,106
CWIP73281748432855597276150106
Investments4155151791021033562,1212,4942,371
Other Assets +9961,2971,9662,3704,8466,7258,58810,11312,1909,42511,19312,465
Total Assets1,6562,0772,5173,1125,8297,78310,09111,66013,75712,93214,92516,048

Financials of G R Infraprojects Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +680-371-244-267-457166-363-1,590-2,032-2,811
Cash from Investing Activity +353-340-784-144-735-257-97934331,623
Cash from Financing Activity +-5852461,004884972311-201,1201,7241,523
Net Cash Flow448-465-24473-220220-393323126334
Free Cash Flow962-654-710-552-966-256-633-1,687-2,085-2,929
CFO/OP130%-39%-1%-3%-9%28%-0%-60%-109%-150%

Financials of G R Infraprojects Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days675264393817232417131132
Inventory Days1054062
Days Payable738969
Cash Conversion Cycle98364393817232417131125
Working Capital Days-2682711210270478410512499158
ROCE %11%19%44%28%35%27%23%16%22%17%14%12%

Guidance history

How G R Infraprojects Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned—Flat
Q4 FY26 call →10–20%Down 0–2%PlannedPlanned—
Q3 FY26 call →10–20%FlatPlannedPlannedFlat
Q2 FY26 call →0–10%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−34.9%17%
Last 6 months−17.3%23%
Last 3 months−13.1%33%

The price is 64.1% below its all-time high of ₹2,158.5 (22 Oct 2021). Stocks more than 20% below their peak have their score halved, so 23 became 11.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For G R Infraprojects Ltd: 0.4 × 17 + 0.4 × 23 + 0.2 × 33 = 23, halved to 11 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What G R Infraprojects Ltd's management said in earlier quarters

Others in Construction this season

  • GK Energy Ltd (Q2 FY27)

    Q2 FY27 Revenue from Operations:** ₹4,026.54 Mn, a 12.3% year-on-year (YoY) increase from ₹3,585.04 Mn in Q2 FY26 (Page 29, 31, 13). Key investor presentation t

  • PNC Infratech Ltd (Q2 FY27)

    1,146 Crs (17% YoY increase from Rs. Key investor presentation takeaways from PNC Infratech Ltd's Q2 FY27 investor presentation — and how it ranks against secto

  • Larsen & Toubro (Q2 FY27)

    Q2 FY27 Revenue: ₹787.5 billion, up 16% YoY (Page 9, 6) . Key investor presentation takeaways from Larsen & Toubro Ltd's Q2 FY27 investor presentation — and how

  • Central Mine Pla (Q2 FY27)

    Revenue from Operations (Net Sales) for Q2 FY 2026-27: ₹593.31 crore, up ₹41.44 crore or 8% vs Q2 FY 2025-26 (₹551.87 crore). Key investor presentation takeaway

Compare:vs Larsen & Toubrovs Rail Vikas Nigam Ltdvs Kalpataru Projects International Ltd