G R Infraprojects Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 15236.25 Crore) operating in General sector.
G R Infraprojects Ltd. key Products/Revenue Segments include Sale of services, Income From Construction Work, Scrap, Other Operating Revenue and Electricity for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2274.44 Crore, unchanged .00 % from last quarter Total Income of Rs Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 221.27 Crore in latest quarter.
Investment Rationale
A wide gap remains between the largest listed peer and the second largest company; the brokerage believes GRIL has the right ingredients which would put it on the path of narrowing the gap. It is well poised to deliver high quality/sustainable growth, which may lead to a multiyear rerating. The brokerage initiates with a BUY and Sep-23 SOTP of INR 2,372/sh (18x Sep-23E EPS).
Promoter/FII Holdings
Promoters held 86.5 per cent stake in the company as of July 30, 2021, while FIIs held 2.2 per cent, DIIs 3.2 per cent and public and other 7.9 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
