Company Valuation: G R Infraprojects Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,48,306 97,134 1,26,489 1,00,895 77,017 86,156 - -
Change - -34.5% 30.22% -20.23% -23.67% 11.87% - -
Enterprise Value (EV) 1 1,54,493 1,05,469 1,29,766 97,036 72,731 82,093 83,174 83,682
Change - -31.73% 23.04% -25.22% -25.05% 12.87% 1.32% 0.61%
P/E 19.5x 11.4x 6.4x 12.5x 7.73x 10.3x 8.94x 8.16x
PBR 3.4x 1.86x 1.76x 1.28x 0.87x 0.89x 0.81x 0.73x
PEG - 1x 0x -0.2x 0.3x -0.7x 0.6x 0.85x
Capitalization / Revenue 1.87x 1.19x 1.62x 1.55x 1.01x 0.96x 0.86x 0.76x
EV / Revenue 1.95x 1.29x 1.67x 1.49x 0.95x 0.92x 0.83x 0.74x
EV / EBITDA 12.1x 8.03x 11.4x 10.7x 8.76x 8.12x 7.22x 6.52x
EV / EBIT 15.5x 9.88x 14.6x 14.7x 11.5x 10.4x 9.23x 8.14x
EV / FCF 123x 22.6x 17.8x 13.2x -68.2x 13.9x 16.1x 18x
FCF Yield 0.82% 4.43% 5.62% 7.58% -1.47% 7.21% 6.2% 5.55%
Dividend per Share 2 - - - - - 7.367 5.3 -
Rate of return - - - - - 0.83% 0.6% -
EPS 2 78.69 88.09 204.5 83.35 102.9 86.82 99.64 109.2
Distribution rate - - - - - 8.48% 5.32% -
Net sales 1 79,192 81,476 77,880 65,156 76,202 89,503 1,00,488 1,12,677
EBITDA 1 12,811 13,131 11,354 9,045 8,303 10,113 11,525 12,825
EBIT 1 9,994 10,674 8,912 6,597 6,320 7,927 9,010 10,277
Net income 1 7,608 8,518 19,774 8,066 9,961 8,278 9,468 10,572
Net Debt 1 6,187 8,336 3,278 -3,859 -4,286 -4,062 -2,982 -2,474
Reference price 2 1,533.85 1,004.60 1,308.20 1,042.95 795.95 890.40 890.40 890.40
Nbr of stocks (in thousands) 96,689 96,689 96,689 96,740 96,761 96,761 - -
Announcement Date 27/05/22 18/05/23 29/05/24 15/05/25 11/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.43x0.93x8.26x0.81% 92Cr
28.36x3.58x16.18x - 1.52TCr
38.54x2.23x14.53x-.--% 650.13Cr
27.23x4.8x8.97x0.74% 246.43Cr
3.69x - - - 114.31Cr
17.96x1.69x9.31x0.74% 108.48Cr
9.67x - - 4.16% 102.14Cr
Average 19.41x 2.65x 11.45x 1.29% 404.98Cr
Weighted average by Cap. 27.95x 3.19x 14.53x 0.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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