G R Infraprojects Limited

NSEI:GRINFRA Stock Report

Market Cap: ₹116.1b

G R Infraprojects Valuation

Is GRINFRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GRINFRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹915.38
Fair Value
31.1% overvalued intrinsic discount
12
Number of Analysts

Below Fair Value: GRINFRA (₹1199.95) is trading above our estimate of fair value (₹915.38)

Significantly Below Fair Value: GRINFRA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRINFRA?

Key metric: As GRINFRA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GRINFRA. This is calculated by dividing GRINFRA's market cap by their current earnings.
What is GRINFRA's PE Ratio?
PE Ratio10x
Earnings₹11.64b
Market Cap₹116.08b

Price to Earnings Ratio vs Peers

How does GRINFRA's PE Ratio compare to its peers?

The above table shows the PE ratio for GRINFRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.9x
ENGINERSIN Engineers India
25.5x18.0%₹94.4b
AFCONS Afcons Infrastructure
35x17.9%₹168.7b
PRAJIND Praj Industries
42.3x28.0%₹114.5b
TECHNOE Techno Electric & Engineering
40.7x28.3%₹128.9b
GRINFRA G R Infraprojects
10x-5.0%₹116.1b

Price-To-Earnings vs Peers: GRINFRA is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (35.9x).

Price to Earnings Ratio vs Industry

How does GRINFRA's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.4xn/aUS$65.52m
533152 MBL Infrastructures
2.5xn/aUS$64.36m
ATLANTAA Atlantaa
2xn/aUS$38.60m
KAUSHALYA Kaushalya Infrastructure Development
1.9xn/aUS$3.80m
GRINFRA 10.0xIndustry Avg. 24.0xNo. of Companies23PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GRINFRA is good value based on its Price-To-Earnings Ratio (10x) compared to the Indian Construction industry average (24x).

Price to Earnings Ratio vs Fair Ratio

What is GRINFRA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRINFRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: GRINFRA is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GRINFRA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,199.95
₹1,520.42
+26.7%
14.2%₹1,875.00₹1,090.00n/a12
Jan ’26₹1,478.45
₹1,627.09
+10.1%
12.9%₹1,875.00₹1,070.00n/a11
Dec ’25₹1,636.00
₹1,629.27
-0.4%
12.9%₹1,875.00₹1,070.00n/a11
Nov ’25₹1,601.55
₹1,635.55
+2.1%
16.2%₹2,050.00₹1,040.00n/a11
Oct ’25₹1,742.55
₹1,622.82
-6.9%
15.2%₹1,920.00₹1,040.00n/a11
Sep ’25₹1,529.65
₹1,622.82
+6.1%
15.2%₹1,920.00₹1,040.00n/a11
Aug ’25₹1,770.15
₹1,571.36
-11.2%
16.1%₹1,980.00₹990.00n/a11
Jul ’25₹1,722.70
₹1,554.09
-9.8%
14.8%₹1,820.00₹990.00n/a11
Jun ’25₹1,611.10
₹1,517.92
-5.8%
16.5%₹1,820.00₹990.00n/a12
May ’25₹1,369.65
₹1,278.58
-6.6%
17.1%₹1,680.00₹920.00n/a12
Apr ’25₹1,383.60
₹1,261.92
-8.8%
15.9%₹1,680.00₹920.00n/a12
Mar ’25₹1,227.55
₹1,261.92
+2.8%
15.9%₹1,680.00₹920.00n/a12
Feb ’25₹1,231.95
₹1,295.92
+5.2%
14.1%₹1,680.00₹1,010.00₹1,273.7512
Jan ’25₹1,133.30
₹1,288.83
+13.7%
14.4%₹1,680.00₹1,010.00₹1,478.4512
Dec ’24₹1,045.95
₹1,282.58
+22.6%
14.6%₹1,680.00₹1,010.00₹1,636.0012
Nov ’24₹1,108.10
₹1,463.50
+32.1%
11.6%₹1,830.00₹1,190.00₹1,601.5512
Oct ’24₹1,207.40
₹1,487.67
+23.2%
10.6%₹1,830.00₹1,190.00₹1,742.5512
Sep ’24₹1,275.10
₹1,487.67
+16.7%
10.6%₹1,830.00₹1,190.00₹1,529.6512
Aug ’24₹1,301.80
₹1,425.42
+9.5%
15.3%₹1,815.00₹1,010.00₹1,770.1512
Jul ’24₹1,281.40
₹1,389.45
+8.4%
15.1%₹1,815.00₹1,010.00₹1,722.7011
Jun ’24₹1,268.05
₹1,378.67
+8.7%
14.4%₹1,820.00₹1,010.00₹1,611.1012
May ’24₹981.40
₹1,397.50
+42.4%
13.2%₹1,820.00₹1,070.00₹1,369.6512
Apr ’24₹1,004.60
₹1,418.00
+41.2%
13.8%₹1,820.00₹1,070.00₹1,383.6012
Mar ’24₹1,016.95
₹1,441.92
+41.8%
14.1%₹1,820.00₹1,070.00₹1,227.5512
Feb ’24₹1,197.90
₹1,477.92
+23.4%
16.2%₹1,975.00₹1,070.00₹1,231.9512
Analyst Price Target
Consensus Narrative from 12 Analysts
₹1.52k
Fair Value
21.1% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 21:58
End of Day Share Price 2025/02/06 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

G R Infraprojects Limited is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Sumit KishoreAxis Capital Limited
Ashish ShahCentrum Broking Limited