|
12 Mar 2026 |
G R Infraprojects
|
Consensus Share Price Target
|
918.60 |
1373.75 |
- |
49.55 |
buy
|
|
|
|
|
11 Feb 2026
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1540.00
|
974.65
(-5.75%)
|
67.65 |
Buy
|
|
|
We maintain our BUY rating on the company.
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|
10 Feb 2026
|
G R Infraprojects
|
Motilal Oswal
|
918.60
|
1250.00
|
1000.45
(-8.18%)
|
36.08 |
Buy
|
|
|
G R Infraprojects (GRINFRA)’s revenue rose ~39% YoY to ~INR20.4b during 3Q FY26 (vs our estimate of INR16.3b). EBITDA margin stood at 10.1% in 3Q FY26 (-50 bps YoY) vs. our estimate of 12%.
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|
12 Nov 2025
|
G R Infraprojects
|
ICICI Securities Limited
|
918.60
|
1310.00
|
1130.10
(-18.72%)
|
42.61 |
Buy
|
|
|
GR Infra (GR) has a healthy OB of INR 211bn – 3.2x TTM sales. However, orders worth INR 39bn (~20% of OB) are yet to start execution where uncertainty looms.
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|
12 Nov 2025
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1420.00
|
1130.10
(-18.72%)
|
54.58 |
Buy
|
|
|
We maintain our BUY rating on the company.
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|
11 Nov 2025
|
G R Infraprojects
|
Motilal Oswal
|
918.60
|
1360.00
|
1135.40
(-19.09%)
|
48.05 |
Buy
|
|
|
G R Infraprojects (GRINFRA)’s revenue rose 9.4% YoY to ~INR12.3b during 2QFY26 (vs. our estimate of INR13.9b). EBITDA margin stood at 9.8% in 2Q FY26 (-60 bps YoY) vs. our estimate of 11.7%.
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|
15 Sep 2025
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1540.00
|
1299.60
(-29.32%)
|
67.65 |
Buy
|
|
|
We value GR Infraprojects at a Target Price of Rs 1,540 per share, implying an upside of 21% from the CMP, and reiterate our BUY recommendation.
|
|
05 Aug 2025
|
G R Infraprojects
|
ICICI Securities Limited
|
918.60
|
1430.00
|
1250.40
(-26.54%)
|
55.67 |
Buy
|
|
|
GR Infra reported a steady quarter in Q1FY26 with revenue at INR 18bn (-4% YoY), EBITDA at INR 2.3bn (-6% YoY) and margin at 12.7% (-35bps YoY). Adj. PAT stood at INR 2.1bn (+7% YoY).
|
|
05 Aug 2025
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1540.00
|
1250.40
(-26.54%)
|
67.65 |
Buy
|
|
|
We maintain our BUY rating on the company.
|
|
18 May 2025
|
G R Infraprojects
|
ICICI Securities Limited
|
918.60
|
1420.00
|
1207.90
(-23.95%)
|
Target met |
Buy
|
|
|
GR Infra continues to tread water on order inflow front, with total OI of INR 140bn in FY25 & FY24 combined - matching FY23’s tally as the ordering in roads remained subdued.
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|
28 Apr 2025
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1166.00
|
1075.60
(-14.60%)
|
Target met |
Buy
|
|
|
We recommend a BUY on the stock for a target price of Rs 1,166/ share implying an upside of 10% from CMP.
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|
04 Feb 2025
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1430.00
|
1214.95
(-24.39%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the company.
|
|
03 Feb 2025
|
G R Infraprojects
|
Motilal Oswal
|
918.60
|
1410.00
|
1211.25
(-24.16%)
|
Target met |
Buy
|
|
|
G R Infraprojects (GRINFRA)’s revenue declined 17% YoY to ~INR15b during 3QFY25 (11% below our estimate). GRINFRA faced a slowdown in project execution during 3Q primarily due to fewer projects under execution.
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|
11 Nov 2024
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1760.00
|
1641.15
(-44.03%)
|
|
Buy
|
|
|
We maintain our BUY rating on the company.
|
|
08 Nov 2024
|
G R Infraprojects
|
Motilal Oswal
|
918.60
|
1830.00
|
1600.35
(-42.60%)
|
|
Buy
|
|
|
G R Infraprojects (GRINFRA)’s revenue declined 28% YoY to ~INR11.3b during 2QFY25 (vs. our estimate of INR16.8b).
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|
08 Aug 2024
|
G R Infraprojects
|
Keynote Capitals Ltd
|
918.60
|
1334.00
|
1613.55
(-43.07%)
|
Target met |
Sell
|
|
|
Quarterly Update Q1FY25
|
|
06 Aug 2024
|
G R Infraprojects
|
ICICI Securities Limited
|
918.60
|
1875.00
|
1598.35
(-42.53%)
|
|
Buy
|
|
|
GR Infraprojects (GR Infra) has reported subdued Q1FY25 earnings on account of decline in orderbook and delay in allotment of the appointing date for seven projects.
|
|
06 Aug 2024
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1820.00
|
1598.35
(-42.53%)
|
|
Buy
|
|
|
We maintain our BUY rating on the company
|
|
05 Aug 2024
|
G R Infraprojects
|
Motilal Oswal
|
918.60
|
1910.00
|
1639.10
(-43.96%)
|
|
Buy
|
|
|
G R Infraprojects (GRINFRA)’s revenue was down 12% YoY to ~INR18.9b in 1QFY25 (in line). EBITDA margin was 13% (-160bp YoY) vs. our estimate of 13.7%.
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|
31 May 2024
|
G R Infraprojects
|
Axis Direct
|
918.60
|
1720.00
|
1611.10
(-42.98%)
|
Target met |
Buy
|
|
|
We change our rating from HOLD to BUY on the stock on the back of healthy monetization of HAM assets and better growth prospect in FY26E.
|
|
31 May 2024
|
G R Infraprojects
|
Keynote Capitals Ltd
|
918.60
|
1483.00
|
1611.10
(-42.98%)
|
Target met |
Sell
|
|
|
Quarterly Update Q4FY24
|