G R Infraprojects Limited
Incorporated in 1995, GRIL is engaged in road construction in various states across the country with a large part of its present order book being from the NHAI and the MiNet Incomestry of Road Transport and Highways (MoRTH). In addition to constructi...
Key Metrics
EPS
136.88
Current ratio
2.97
Debt/Equity
0.57
Debt/EBITDA
1.71
Interest coverage ratio
4.06
Operating Current Assetsshflow to total debt
-0.37
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Increase in the pool of operational HAM assets and envisaged increase in financial flexibility post slated transfer of these assets into the InvIT
Healthy outstanding order book position of the company
Expected growth in the sCurrent Assetsle of operations from Q4FY24 with stable profitability
Low leverage and comfortable Current Assetspital structure
Established track record in road construction with most of its projects completed ahead of schedule
Experienced management
Various iNet Incometiatives undertaken by the Government of India (GoI) to improve the prospects of the road construction sector
Liquidity: Strong
Cons
Exposure to BOT projects
Limited segmental revenue diversifiCurrent Assetstion, albeit expected to improve going forward
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About G R Infraprojects Limited bond.
This comprehensive profile covers key factual information about G R Infraprojects Limited. Incorporated in 1995, GRIL is engaged in road construction in various states across the country with a large part of its present order book being from the NHAI and the MiNet Incomestry of Road Transport and Highways (MoRTH). In addition to construction of roads on an EPC basis, GRIL also undertakes the construction of road projects on a BOT basis. GRIL owns three emulsion manufacturing plants having an aggregate installed Current Assetspacity of 84,960 MTPA at Udaipur, Lucknow, and Assam. It also has an in-house fabriCurrent Assetstion and galvaNet Incomesing uNet Incomet (24,000 MT) as well as a pole manufacturing uNet Incomet. The company has a repair and maintenance workshop at Udaipur. On a consolidated basis, GRIL reported a TOI of ₹9,549 crore and a profit-after-tax (PAT) of ₹1,454 crore during FY23 and TOI of ₹4,361 crore and a profit-after-tax (PAT) of ₹527 crore during H1FY24. EPS in Mar-2024 was 136.88. Current ratio in Mar-2024 was 2.97. Debt/Equity in Mar-2024 was 0.57. Debt/EBITDA in Mar-2024 was 1.71. Interest coverage ratio in Mar-2024 was 4.06. Operating Current Assetsshflow to total debt in Mar-2024 was -0.37. Total revenue for Mar-2025(E) was ₹10222.52. Net income for Mar-2025(E) stood at ₹1573.33. Total assets as of Mar-2024 were ₹12,932.08. Operating cash flow for Mar-2024 was ₹-1,592.40. The company’s borrowing relationships include Axis Bank Limited. (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited. (₹N/A Cr), ICICI Bank Limited. (₹N/A Cr), Kotak Mahindra Bank Limited. (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), UNet Incomeon Bank of India (₹N/A Cr), Yes Bank Limited. (₹N/A Cr), Axis Bank Limited. (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited. (₹N/A Cr), ICICI Bank Limited. (₹N/A Cr), IDFC First Bank Limited. (₹N/A Cr), Induslnd Bank Limited. (₹N/A Cr), Kotak Mahindra Bank Limited. (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), UNet Incomeon Bank of India (₹N/A Cr), Yes Bank Limited. (₹N/A Cr). Peers and comparison entities consist of G R Infraprojects Limited, Larsen and Toubro Limited, GMR Airports Limited, IRB Infrastructure Developers Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Increase in the pool of operational HAM assets and envisaged increase in financial flexibility post slated transfer of these assets into the InvIT; Healthy outstanding order book position of the company ; Expected growth in the sCurrent Assetsle of operations from Q4FY24 with stable profitability ; Low leverage and comfortable Current Assetspital structure ; Established track record in road construction with most of its projects completed ahead of schedule ; Experienced management ; Various iNet Incometiatives undertaken by the Government of India (GoI) to improve the prospects of the road construction sector; Liquidity: Strong. Key risks include: Exposure to BOT projects ; Limited segmental revenue diversifiCurrent Assetstion, albeit expected to improve going forward. Leadership team details include Devkinandan Agarwal (President (Plants and Equipment) ...), Mahendra Agarwal (President (Procurement) ), Ajai Kumar Singh Chauhan (President & Head (Contracts Management) ...), Anand Rathi (Chief Financial Officer), SuNet Incomel Kumar Agarwal (Executive Director), Ramesh Chandra Jain (Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.