| Market Cap | ₹9138.55 CrMid-cap |
|---|---|
| Revenue TTM | ₹8398.62 CrAnnual Operating |
| PE Ratio | 10.12Sector PE 33.75 |
| Order from | National Highways Authority of India |
| Execution period | 910 days from Appointed date |
| Deal value | ₹2,440.87 Cr |
| Share of market cap | 26.7% |
| Share of annual revenue | 29.1% |
Key highlights
- Total project cost estimated at 2440.87 crore excluding GST
- Construction of 82.4 kilometer Greenfield Section of NH-33 from Mokama to Munger
- Execution timeline set at 910 days from the appointed date
- Project awarded under the Hybrid Annuity Mode for balanced risk sharing
- Agreement executed by wholly owned subsidiary Munger Link Highway Private Limited
Greenfield Corridor Development
The project involves the construction of a four-lane greenfield section of National Highway 33 extending from Mokama to Munger in Bihar. This segment, designated between kilometer 0.000 and kilometer 82.400, is designed to enhance regional connectivity by bypassing congested existing routes. Greenfield projects require comprehensive engineering but offer superior design flexibility compared to brownfield expansions.
By establishing this new corridor, the company contributes to the integrated development of the Bihar road network, facilitating faster transit for commercial traffic between agricultural zones and eastern trade corridors.
NHAI Partnership and Funding Model
The National Highways Authority of India serves as the primary executing agency for the Ministry of Road Transport and Highways. As an autonomous authority, NHAI is responsible for the development of the National Highways network across India. Securing NHAI contracts represents a stable revenue stream backed by sovereign credit quality.
The authority focus on the Hybrid Annuity Mode ensures a balanced risk-sharing profile between the developer and the government, providing 40 percent funding during the construction phase while the remaining 60 percent is paid as annuities over the operation period.
Strategic Order Book Expansion
Securing this 2440.87 crore project significantly enhances the unexecuted order book of G R Infraprojects, providing long-term revenue visibility over the next three years. This contract reinforces the firm competitive standing in the civil construction sector, particularly in high-value greenfield highway segments. The 910-day execution timeline aligns with the company track record of timely project delivery, which is critical for maintaining operational efficiency.
This addition helps diversify the geographic footprint of the company and leverages its expertise in large-scale road infrastructure development.
Financial Position and Valuation
G R Infraprojects reports a trailing twelve-month operating revenue of 8398.62 crore and a net profit of 902.84 crore. The company currently maintains a price-to-earnings ratio of 10.12, which sits significantly below the industry average of 18.96. While the annual net profit growth saw a recent decline of 10.99 percent, the addition of this multi-crore order provides a bolster to the revenue pipeline.
The stock exhibits a 1-year relative strength index of 54.82, indicating a neutral momentum zone, while its price-to-book value remains at 1.
| Share price | ₹944.45 |
|---|---|
| Market capitalisation | ₹9,138.55 Cr |
| Revenue (annual) | ₹8,398.62 Cr |
| Net profit (annual) | ₹902.84 Cr |
| Revenue (latest quarter) | ₹2,500.41 Cr+8.32% vs previous quarter |
| Net profit (latest quarter) | ₹206.96 Cr-20.15% vs previous quarter |
| P/E (TTM) | 10.12×Sector 33.75× |
| Promoter holding | 74.69%0.00% QoQ |
| FII holding | 2.31%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by G R Infraprojects Limited announcing the execution of a concession agreement with NHAI for a new highway project. Market figures from a third-party data provider.
