This small cap stock, specializing in EPC, BOT, and HAM projects across roads, railways and other sectors, surged 7 percent after being selected for a Rs 4,262.78 crore project from National Highways Authority of India (NHAI).
Stock Performance
With a market capitalization of Rs 9,306.90 crore, G R Infraprojects Ltd jumped nearly 7 percent on Monday and made an intraday high of Rs 1024.45 per share compared to its previous closing price of Rs 958.40 per share. The stock retraced and was trading at Rs 962.05 which is a slight increase compared to the previous closing price.
What Happened
G R Infraprojects Ltd has been chosen as the preferred bidder for the development of 6 Lane of access controlled Agra-Gwalior Greenfield Road project, along with overlay/strengthening, other road safety and improvement works on the existing Agra- Gwalior section. This project is tendered by the National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways.
The project, awarded under the Design, Build, Finance, Operate, and Transfer (DBFOT) model on a Build-Operate-Transfer (BOT) toll basis, it is valued at Rs 4,262.78 crore.
Company Overview
G R Infraprojects Limited, focuses on EPC, BOT, and HAM projects across roads, airports, metros, railways, and optical fiber networks. The company has also recently expanded into power transmission. Its subsidiary, GR Highways Investment Manager Private Limited, manages highway assets.
Order Book Analysis
The company’s order book as on 31st December 2024 stood at Rs 16,887 crores. Segment wise, the order book includes 70 percent from roads, and the remaining from other sectors like MMLP, transmission, railway & metro and tunnel works.
NHAI accounts for about 58 percent of the total order book, and other major clients include NHPC, NHLML and MSRDCL. Geographically, about 29 percent of the orders come from Maharashtra. Some other states in which the company operates are Uttar Pradesh, Bihar, Rajasthan, Odisha and Madhya Pradesh.
Financial Performance
Looking at the financials, G R Infraprojects reported a 21 percent decrease in revenue from Rs 2,134 crore to Rs 1,694 crore in Q3 FY25. The net profits however, rose 8 percent from Rs 243 crore to Rs 263 crore during the same period.
Written by Shwetha Sairam
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