Annual reportSep 2026
Sep 2026 · Shareholders meeting 9 Sep - Company shared FY2025-26 annual report link and AGM notice for September 30, 2026.
Source: Nse
Giriraj Civil Developers Ltd. (GIRIRAJ)
SME CapInfra stocks · SME cap · NSE
Giriraj Civil Developers Ltd. operates in Construction, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹44.55
-2.15 · -4.60%
Market cap ₹112 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result01 Jun, 07:44 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -29.0% / mo · RSI oversold · MACD − · near 52W low · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 22
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
GIRIRAJD candles · FIT view-77.0%Latest close ₹44.55 on 2026-10-19
Bar
-4.6%
RSI
22
MACD hist
-0.92
52W pos
0%
2026-10-19O ₹46.70H ₹47.95L ₹44.50C ₹44.55Vol 9,250 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GIRIRAJNifty InfraNifty 500
- GIRIRAJ
- -59.8%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- -54.3 pp
Chart stats
19 Oct 2026- From 52W high
- -88.2%
- 52W range position
- 0%
- ATR (14)
- 11.1%
- Volume vs 20D
- 1.16x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹44.5 - ₹83
₹378
₹44.5 - ₹378
₹4.9
Latest completed session
20-session average
43.2% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +80.7% · PAT -11.1% YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model+69.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence54
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 2/100PAT -11% YoY · margin compression · Rev +81% YoY · +19% QoQ
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹168 Cr | +80.7% | +19.1% |
| EBITDA | ₹13 Cr | NDF | +18.2% |
| Operating margin | 8.0% | NDF | +0 bps |
| PAT | ₹8 Cr | -11.1% | +14.3% |
| PAT margin | 4.8% | NDF | -20 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.40
- P/B
- 0.76
- EV/EBITDA
- 5.15
- Market Cap
- 112.00Cr
Profitability
- ROE
- 10.90%
- ROCE
- 14.70%
- ROA
- 5.98%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 35.00%
- EPS 3Y
- 50.00%
Balance Sheet
- Debt/Equity
- 0.15
- Interest Coverage
- 6.00×
- Altman Z
- 3.08
- Book Value
- 61.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -14.00 Cr
- EPS TTM
- 6.31
Shareholding
- Promoter Hold
- 15.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 0%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 309-1.6% vs prev
Net Profit
₹ CrLatest: 15.0-16.7% vs prev
Return on Equity
%Latest: 10.3-25.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 22. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~40.9% over last month) — short-term momentum negative.
- RSI(14) at 22 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation30/30
Growth22/25
Quality2/20
Balance Sheet7/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-8
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 69.4%.
- Valuation contributes 30/30 to the score.
- Growth contributes 22/25 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Quality is weaker at 2/20; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
7.4
PB
0.8
EV/EBITDA
5.2
ROE
10.9%
ROCE
14.7%
FCF Yield
—
Debt/Equity
0.1
MoS
+69.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+69.4%
Previous: +71.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
54
54
54
54
55
56
56
56
56
56
56
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹93.14
+52.2% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹145.76
+69.4% MoS
PEG
0.21
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TARMAT
Small
Tarmat Limited
Construction & Engineering
match 82
20
19.9
3.0%
-132%
OVERVALUED
GENCON
Small
Generic Engineering Construction and Projects Limited
Construction & Engineering
match 75
21
26.0
2.9%
-204%
OVERVALUED
DBEIL
Small
Deepak Builders & Engineers India Limited
Construction & Engineering
match 71
56
11.0
9.2%
+57%
FAIR VALUE
AHLUCONT
Micro
Ahluwalia Contracts (India) Limited
Construction & Engineering
match 70
57
16.5
13.8%
+32%
FAIR VALUE
NCC
Large
NCC Limited
Construction & Engineering
match 70
53
10.9
9.2%
+53%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Giriraj Civil Developers Ltd. operates in Construction, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
54Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 13th percentile of the scored universe and 21st percentile within Infra. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
13th percentile
overall median 67 · Infra: 21st pctile, median 64 · SME: 14th pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
48
watch · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
58
watch · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
Trust risks
- ▸Promoter holding fell 46%.
- ▸Operating cash flow is negative at ₹-5 Cr.
- ▸Promoter holding is only 15%.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Giriraj Civil Developers Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Shareholders meeting 8 Sep - 21st AGM on September 30, 2026; remote e-voting September 27-29, annual report FY2025-26 circulated.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.