GR Infra Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 07, 2021

Edelweiss Securities has a price target of Rs 2083 for G R Infraproject’s stock.

In its Research Report dated December 06, 2021, Edelweiss Securities GR Infraproject has a strong buy recommendation on the company with a target price of Rs 2083.

GR Infraprojects (GRIL) is a renowned EPC firm with a strong foothold in the road construction industry. The financial impact of a challenging path with multiple milestones is clear: revenue/EBITDA/PAT in FY 2011-21 at a CAGR of over 30%, best-in-class working capital cycle, low leverage (0.2x), and greater ROE (20 percent -plus). GRIL’s road map – segmental diversification and solid cash flows – supports our positive perspective. While a wider base would reduce the Revenue/PAT CAGR to 14 percent /12 percent in comparison to FY2011-24E (FY21 EBITDA includes an INR 2.1 billion bonus), GRIL still has a long way to go.

Outlook

Start a ‘BUY’ with an INR2,083 SOTP-based TP. Take note of the rate at which segmental diversification is occurring.

Moneycontrol.com is the source for this information.


1 OCTOBER 2021

The share price of GR Infraprojects has increased by 4% as a result of the NHAI LoA.

When GR Infraprojects announced that it had won a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a project in Punjab on October 1, its stock jumped over 4% intraday.

The Rs 951 crore project entails building a four/six lane Ludhiana-Rupnagar National Highway number NH-205K in Punjab on a hybrid annuity basis with a 15-year operational duration from the start of commercial operation.

GR Infraprojects was trading at Rs 1,944 on the BSE at 1016 p.m., up Rs 75.45 or 4.04 percent.

Moneycontrol.com is the source for this information.


19 JULY 2021

GR Infraprojects gets off to a flying start, rising 109 percent on its first day.

Despite negative market sentiment, road contractor developer GR Infraprojects quadrupled investors’ wealth on the day of its first public offering (IPO) on July 19. On the BSE, the shares finished at Rs 1,746.80, up 108.7% from the issue price of Rs 837.

A total of 7.68 lakh equity shares were exchanged. It rose 103 percent from its opening price of Rs 1,700 to 1,838.80, its highest level of the day, a gain of 120 percent. Experts claimed the listing was backed by a solid IPO membership, orderbook, and the government’s commitment on financial and infrastructural growth.

During the week of July 7-9, the road engineering, procurement, and construction company’s Rs 963 crore public offering was subscribed 102.58 times.

“The firm has generated solid financial performance with a stable balance sheet position,” stated Aastha Jain, Senior Research Analyst at Hem Securities. In addition, the organisation has a robust order book that provides great revenue visibility.”

The corporation attempts to keep its financial situation robust and its debt levels low. According to Jain, the company’s focus on a healthy balance sheet allows it to explore future development prospects, making it an excellent long-term investment.

The company has developed an established track record of efficient project management and execution experience, which includes trained and skilled manpower, efficient equipment deployment, and an in-depth House integrated included, with over 25 years of experience and over 100 road construction projects completed since 2006. Ideal. Because of these capabilities, the organisation has been able to finish projects on time or ahead of schedule.

The firm has an order book of Rs 19,025.8 crore as of March 31, 2021, which includes 16 EPC projects, 10 HAM projects, and three other projects, providing it with significant income visibility.

Moneycontrol.com is the source for this information.


19 JULY 2021

What should investors do now that GR Infraprojects’ stock has risen 120 percent after its first public offering?

GR Infraprojects, a road construction firm, got off to a great start on D-Street, beginning for business on July 19 with a premium of more than 100% over its listing price.

The stock surged to Rs 1,838 throughout the day, up 119.6% from its issue price of Rs 837, after more than doubling the wealth of investors at the start. GR Infraprojects was trading at Rs 1,740 on the BSE at the time of writing this piece, up 107 percent.

Analysts’ forecasts were met, as was a grey market premium, which predicted the stock would open at an almost 60% premium to the issue price.

Experts advise short-term investors to book profits after such a strong start. Long-term investors, on the other hand, can maintain this stock. He advises new investors and established investors who want to grow their holdings to wait for a better opportunity.

“We recommend that investors bank gains and if investors want to add GR Infra on the day of IPO, they may wait and watch for better price,” Prashant Taapsee, VP Research, Mehta Equities, told Moneycontrol. Huh.”

Investors could book their listing profits or wait for the price to decline to accumulate the shares at cheaper levels, according to Gaurav Garg, Head of Research, CapitalVia Global Research.

GR Infrastructure is a full-service road EPC firm with over 25 years of expertise planning and constructing roads and highways in 15 Indian states. The firm has recently expanded into railway-related projects.

Civil construction activities under EPC services; development of roads and highways under Build-Operate-Transfer (BOT) and Hybrid-Annuity-Mode HAM modes; processing of bitumen, thermoplastic road-marking paint, manufacture of electric poles and road signage; and fabrication and galvanization of metal crash barriers are among the company’s major business functions.

The firm had an order book of Rs 19,026 crore as of March 2021, which is almost 2.7x the revenue from building services.

GR Infra recorded a great financial performance in FY18-21. During FY18-FY21, the company saw a 33.5 percent CAGR increase in consolidated topline and a 32.2 percent CAGR increase in profit, thanks to increased revenue from civil construction services.

Partially profit booking on the day of IPO is recommended by Aastha Jain, Senior Research Analyst at Hem Securities.

“The corporation has had a great financial performance and a robust balance sheet.” Furthermore, the firm has a solid order book, providing great revenue visibility in the future. Because the firm focuses on maintaining a strong financial position and low debt levels, as well as a healthy balance sheet, it is able to explore future growth prospects and appears to be a smart long-term investment “he stated

Short-term investors should also book gains, according to Rajnath Yadav, Research Analyst at Choice Broking. Long-term investors, on the other hand, may continue involved due to the company’s previous performance and the government’s concentration on the road industry in general.

GR Infrastructure collected Rs 963 crore in a public offering last week, which was a full-fledged offer for sale. As a result, the whole issue proceeds will go to the selling stockholders.

Three production facilities for primary raw materials, as well as one for manufacture and galvanization, are available to the firm. In addition, the company’s equipment base includes about 7,000 pieces of construction equipment and vehicles. All of this allows it to be less reliant on third-party equipment providers and to efficiently manage project execution timeframes.

“GR Infra is ideally positioned to take advantage of this opportunity, given the financial commitment and expenditure necessary to upgrade and maintain the road network over the next few years.” We believe that road infrastructure is a critical pillar in India’s rapid economic recovery, and that the government’s budgetary commitment to strengthen road infrastructure, such as Dilip Buildcon, Ashoka Buildcon, GR Infraprojects, and Sadbhav Infrastructure, will provide companies with lucrative opportunities.

Moneycontrol.com is the source for this information.


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