G R Infraprojects Limited

NSEI:GRINFRA Stock Report

Market Cap: ₹151.0b

G R Infraprojects Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Below Fair Value: GRINFRA (₹1561.3) is trading above our estimate of fair value (₹1043.06)

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 Ratio13.2x
Earnings₹11.45b
Market Cap₹151.01b

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 Average37.6x
AFCONS Afcons Infrastructure
40.6xn/a₹182.9b
ENGINERSIN Engineers India
27.5x18.0%₹101.7b
PRAJIND Praj Industries
47.7x24.4%₹143.2b
KPIL Kalpataru Projects International
34.8x29.5%₹182.3b
GRINFRA G R Infraprojects
13.2x-1.9%₹151.0b

Price-To-Earnings vs Peers: GRINFRA is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (37.6x).

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
0.9xn/aUS$77.49m
533152 MBL Infrastructures
2.5xn/aUS$67.17m
ATLANTAA Atlantaa
2.4xn/aUS$48.21m
SKIL SKIL Infrastructure
0.1xn/aUS$14.31m
GRINFRA 13.2xIndustry Avg. 25.7xNo. 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 (13.2x) compared to the Indian Construction industry average (25.6x).

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 Ratio13.2x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: GRINFRA is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

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₹1,561.30
₹1,629.27
+4.4%
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₹1,010.00n/a12
Jan ’25₹1,133.30
₹1,288.83
+13.7%
14.4%₹1,680.00₹1,010.00n/a12
Dec ’24₹1,045.95
₹1,282.58
+22.6%
14.6%₹1,680.00₹1,010.00n/a12
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
Jan ’24₹1,139.90
₹1,495.54
+31.2%
16.0%₹1,975.00₹1,070.00₹1,133.3013
Dec ’23₹1,203.75
₹1,496.31
+24.3%
15.9%₹1,975.00₹1,080.00₹1,045.9513
Nov ’23₹1,215.25
₹1,608.92
+32.4%
11.4%₹1,945.00₹1,200.00₹1,108.1013

Analyst Forecast: Target price is less than 20% higher than the current share price.

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