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G R Infraprojects Limited (GRINFRA)

Micro Cap

Infra stocks · Micro cap · NSE

G R Infraprojects Limited operates in Roads, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹783
+2.90 · +0.37%
Market cap ₹7,639 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 02:02 pm IST
Details
Quote21 Oct, 02:02 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result07 Aug, 12:27 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 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

28Bearish

full bear SMA stack · SMA20 -7.7% / mo · MACD + · near 52W low · sector -2.7pp vs Nifty 500 (3M)

Stock trend: 24
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%

FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence

Technical chart

GRINFRAD candles · FIT view-14.1%TODAY · PROVISIONAL
Latest price ₹783.00 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar
+0.4%
RSI
40
MACD hist
0.85
52W pos
3%
Visible chart range
Candle interval
2026-10-21O ₹780.10H ₹787.00L ₹771.20C ₹783.00Vol 48,902 shIntraday candle
₹759.32₹823.56₹887.80₹952.04₹1.02k52L₹783.002026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
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

GRINFRANifty InfraNifty 500
-18%-11%-3%+4%20 Jul1 Sept19 Oct19 Oct 2026GRINFRA -15.5%Nifty Infra -8.2%Nifty 500 -5.6%
GRINFRA
-15.5%
Nifty 500
-5.6%
Nifty Infra
-8.2%
Vs Nifty 500
-9.9 pp
Chart stats
19 Oct 2026
From 52W high
-39.0%
₹1,279.9
52W range position
2%
₹771 - ₹1,279.9
ATR (14)
3.0%
₹23.4
Volume vs 20D
0.22x
Latest completed session
Avg traded value
₹2.2 Cr
20-session average
20D price channel
₹771 - ₹875
26.7% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST
36

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Excellent
77

Revenue +40.0% · PAT +46.7% YoY

Technical
Bearish
28

Price trend and sector-relative-strength timing.

Valuation
Legacy model
-27.1%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
54

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Excellent · 77/100

Rev +40% YoY · PAT +47% YoY · +11% QoQ · operating leverage · margin compression

Filed 06 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹2,784 Cr+40.0%+11.4%
EBITDA₹468 Cr+17.6%+27.2%
Operating margin17.0%-300 bps+200 bps
PAT₹358 Cr+46.7%+70.5%
PAT margin12.9%+59 bps+446 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
8.14
P/B
0.81
EV/EBITDA
6.64
Market Cap
7639.00Cr

Profitability

ROE
9.20%
ROCE
11.90%
ROA
6.34%
Dividend Y
0.32%

Growth (CAGR)

Revenue 5Y
1.00%
EPS 5Y
-3.00%
Revenue 3Y
-4.00%
EPS 3Y
-17.00%

Balance Sheet

Debt/Equity
0.52
Interest Coverage
3.42×
Altman Z
2.63
Book Value
969.00

Cash Flow

FCF Yield
—
FCF Positive Y
1/5
OCF
-2811.00 Cr
EPS TTM
105.02

Shareholding

Promoter Hold
74.69%
Promoter Pledge
0.00%
Momentum 52W
3%

Financial History

Updated 19/10/2026

Revenue

₹ Cr
Latest: 9,195+9.5% vs prev
09482Mar 2017: 3,141Mar 2018: 5,283Mar 2019: 6,373Mar 2020: 7,844Mar 2021: 8,458Mar 2022: 9,482Mar 2023: 8,980Mar 2024: 7,395Mar 2025: 8,399Mar 2026: 9,195FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 903-11.0% vs prev
01454Mar 2017: 588Mar 2018: 406Mar 2019: 717Mar 2020: 801Mar 2021: 955Mar 2022: 832Mar 2023: 1,454Mar 2024: 1,323Mar 2025: 1,015Mar 2026: 903FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 9.6-19.4% vs prev
052.0Mar 2017: 52.0%Mar 2018: 26.3%Mar 2019: 32.2%Mar 2020: 26.5%Mar 2021: 24.0%Mar 2022: 17.3%Mar 2023: 23.2%Mar 2024: 17.4%Mar 2025: 11.9%Mar 2026: 9.6%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 40.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~8.4% over last month) — short-term momentum negative.
  • RSI(14) at 40 — falling, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • 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.

Nifty 500 leadership

Relative Strength & Trend Stage

24
RS percentile
Stage 4 Downtrend
1M return
-5.5%
3M return
-15.5%
6M return
-12.2%
1Y return
-34.4%
RS 1D
+2
RS 20D
+2
Sector rank
#16
Industry rank
#70
Stage evidence
  • Price is 11.1% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -2.1%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 66.31+1.39%
63748495105Sept 25Feb 26Jun 26Oct 2666
RS vs Nifty 50066

Valuation & peers

U-Score 36 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

36U-SCORE
WATCHLIST

Fundamental score breakdown

U band · WATCHLIST
Valuation21/30
Growth3/25
Quality0/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
36

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

36/100 · legacy band WATCHLIST

Positive drivers

  • Valuation contributes 21/30 to the score.
  • Balance sheet contributes 8/15 to the score.
  • Growth contributes 3/25 to the score.

Main drags

  • Fair-value margin of safety is negative at -27.1%.
  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Cash flow is weaker at 0/10; 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.

Execution EV/EBITDA
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
8.1
PB
0.8
EV/EBITDA
6.6
ROE
9.2%
ROCE
11.9%
FCF Yield
—
Debt/Equity
0.5
MoS
-27.1%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
36
Previous: 36
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-27.1%
Previous: -26.6%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
36
36
36
36
36
36
36
36
36
36
36
36

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
₹1,513.17
+48.3% MoS
Growth-justified P/E
5.9
Growth-justified Value
₹616.47
-27.1% MoS
PEG
—

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.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HGINFRA
Micro
H.G. Infra Engineering Limited
Construction & Engineering
match 95
26
10.3
8.5%
-58%
OVERVALUED
CEIGALL
Small
Ceigall India Limited
Construction & Engineering
match 87
39
20.8
15.7%
+7%
WATCHLIST
HILINFRA
Small
Highway Infrastructure Limited
Construction & Engineering
match 85
51
12.1
18.8%
+36%
FAIR VALUE
GAYAHWS
Small
Gayatri Highways Limited
Construction & Engineering
match 85
24
—
—
—
OVERVALUED
BRNL
Small
Bharat Road Network Limited
Construction & Engineering
match 77
23
—
-8.2%
—
OVERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

G R Infraprojects Limited operates in Roads, 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 30 Jun 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
81 docs text-extracted · 39 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 · Micro: 9th pctile, median 73

Evidence depth
Financial-only

81 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 confidence
What 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
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
50
watch · capital discipline
Results
46
watch · quarterly consistency

Trust positives

  • ▸Promoter holding is 74.7%.
  • ▸Promoter pledge is zero.
  • ▸4/4 latest quarters had positive YoY revenue growth.

Trust risks

  • ▸Operating cash flow is negative at ₹-2811 Cr.
  • ▸Only 1 years of positive FCF.
  • ▸ROCE trend is -2.4%.
  • ▸1/4 latest quarters had positive YoY PAT growth.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
Investor presentationAug 2026

Aug 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptAug 2026

Aug 2026 · Transcript

Source: Bse

Open source ↗
Annual report

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Jul - Intimation of Newspaper Advertisement for dispatch of annual report along with Notice of the 30th Annual General Meeting

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug - Submission of Newspaper Publications of Financial Results for the quarter ended 30th June 2026.

Source: Bse

Open source ↗
Concall transcriptMay 2026

May 2026 · Transcript

Source: Bse

Open source ↗
Investor presentationMay 2026

May 2026 · PPT

Source: Bse

Open source ↗
Investor presentationMay 2026

May 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptMay 2026

May 2026 · Transcript

Source: Bse

Open source ↗
Annual reportMar 2026

Jun 2026 · Reg. 34 (1) Annual Report. 30 Jun - Submitted Annual Report and AGM Notice for FY 2025-26 on 30 June 2026.

Source: Bse

Open source ↗
Annual reportMar 2026

Jul 2026 · Intimation Regarding Issuance Of Letter To Shareholders Under Regulation 36(1)(B) Of The SEBI (LODR) Regulations, 2015 ("Listing Regulations"). 2 Jul - Company sent FY2025-26 annual report link and AGM notice for 24 July 2026.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.