Time period given by analyst is one year when G R Infraprojects Ltd. price can reach defined target.
G R Infraprojects Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 19530.70 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1900.26 Crore, down -16.45 % from last quarter Total Income of Rs 2274.44 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 188.60 Crore in latest quarter.
Investment Rationale
G R Infra (GRIL) delivered a subdued performance, missing revenue/EBITDA/APAT by 11/16/12%. Execution was affected by the monsoon and commodity price volatility impacted margins. GRIL awaits AD on seven HAM assets, which is likely to be received in Q4FY22. Revenue contribution from these assets will be substantial from FY23 onwards. For FY22, the company has guided for revenue growth of 5-10%, with EBITDA margin of 17%. It is foraying into Power T&D EPC/asset ownership. It plans to bid independently for projects worth INR 20-30bn in H2FY22, with a view to monetising them after completion. The brokerage maintains BUY with an unchanged TP of INR 2,372 (18x Sep-23E EPS, HAM 1.2x P/BV).
Promoter/FII Holdings
Promoters held 86.54 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.89 per cent, DIIs 7.07 per cent.
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