G R Infraprojects Limited (GRINFRA) fair value: what the stock is really worth
We calculate from audited financials what G R Infraprojects Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹795.95 – ₹2,126 · fair‑value band ₹795.75 – ₹1,051 · the ₹855.80 price screens below the ₹859.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
G R Infraprojects Limited provides civil construction services in India. It operates through the Engineering, Procurement, and Construction; Built, Operate and Transfer/Annuity Projects; and Others segments.
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G R Infraprojects Limited provides civil construction services in India. It operates through the Engineering, Procurement, and Construction; Built, Operate and Transfer/Annuity Projects; and Others segments. It offers engineering, procurement, construction (EPC), and project management services for roads and highways, bridges, airport runway, railways and metro, hydro and tunneling, power transmission and distribution, ropeways, logistics infrastructure, telecom and IT infrastructures. The company also constructs and develops state and national highways, bridges, culverts, flyovers, airport runways, tunnels, and rail over bridges. It also offers a range of services on a turnkey basis in railway infrastructure projects, such as civil infrastructures, including earthworks, bridges, station buildings, and facilities; new track laying and rehabilitation of existing tracks; railway electrification and power systems; and signaling and telecommunication services. In addition, the company constructs tunnels in hydropower, railways, metro rail, roads, and highways; designs, constructs, and maintains transmission lines, substations, and distribution networks; and provides multimodal logistics solutions comprising road and rail to support cargo movement and bolster. Further, it manufactures bitumen emulsion, construction chemicals, metal crash barrier, OHE MAST, road signage board, and thermoplastic paint.; and undertakes repair and maintenance of EPC and HAM projects. The company was formerly known as G.R. Agarwal Builders and Developers Limited and changed its name to G R Infraprojects Limited in August 2007. G R Infraprojects Limited was incorporated in 1995 and is headquartered in Udaipur, India.
Stock analysis
G R Infraprojects Limited (GRINFRA) currently trades at ₹855.80, while our model-based Fair Value estimate is ₹859.57, implying the stock looks roughly 0.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,927 per share, and 14 of the 17 models we run sit above the ₹855.80 price.
Bear case: the Asset-Based group reads lowest at ₹649.48, and 3 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹795.75 (bear) to ₹1,051 (bull), the price of ₹855.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
G R Infraprojects Limited reported revenue of ₹84.0B in FY2026 versus ₹84.6B in FY2022, a compound −0.2%/yr. Reported net income was ₹9.0B in FY2026, compounding +2.1%/yr from FY2022.
Key figures
Market cap ₹89.9B (≈ $944M) · P/E ratio 9.2 · P/S ratio 0.99 · EPS (TTM) ₹93.33 · Dividend yield 0.3% · Net margin 10.7% · Return on equity 10.1% · Return on assets (EBIT) 13.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 0%, GRINFRA screens cheaper than that median.
Fair Value models
Bear ₹795.75Fair Value ₹859.57Bull ₹1,051
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹41.56 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+13.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.4%
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.4%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.6%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2% vs 24%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 17%
Compare G R Infraprojects Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 821 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+45% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets6% · Top 25%
Net margin (TTM)11% · Top 25%
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth10% · Above median
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.49× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "G R Infraprojects Limited Fair Value". https://www.fairvalue-calculator.com/stock/GRINFRA
Frequently asked questions
Is G R Infraprojects Limited (GRINFRA) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹859.57 versus a price of ₹855.80, about +0% upside (fairly valued).
What is the fair value of GRINFRA?
Our model-based fair value for G R Infraprojects Limited is ₹859.57 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹855.80.
What is the quality score of GRINFRA?
G R Infraprojects Limited has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for G R Infraprojects Limited (GRINFRA)?
Our model-based price target is the fair value of ₹859.57 (as of Sep 13, 2026) from 17 valuation models. Cautious scenario ₹795.75, optimistic scenario ₹1,051. It is a calculation from audited fundamentals, not an analyst target.
What is the G R Infraprojects Limited stock forecast for 2026?
Our models put fair value at ₹859.57, about +0% upside versus a price of ₹855.80 (fairly valued). Cautious scenario ₹795.75, optimistic scenario ₹1,051. The calculation is refreshed regularly with new filings.
What is the revenue of G R Infraprojects Limited (GRINFRA)?
G R Infraprojects Limited reported trailing-twelve-month revenue of about ₹84.0B (latest available figure, as of Sep 13, 2026).
Does G R Infraprojects Limited pay a dividend?
G R Infraprojects Limited currently shows a dividend yield of about 0.29% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of G R Infraprojects Limited (GRINFRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For G R Infraprojects Limited it is ₹859.57 per share (as of Sep 13, 2026), against a price of ₹855.80. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is G R Infraprojects Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, GRINFRA trades below its calculated fair value: price ₹855.80, fair value ₹859.57, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GRINFRA?
No. The price is what the market pays today (₹855.80); the fair value is what the company's own numbers justify (₹859.57). For G R Infraprojects Limited the two are ₹3.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is G R Infraprojects Limited worth?
The market values G R Infraprojects Limited at about ₹89.9B (market capitalisation, as of Sep 13, 2026). Per share that is ₹855.80; our models calculate a fair value of ₹859.57 per share.
What do the bullish and bearish scenarios say about GRINFRA?
Our models span a range for G R Infraprojects Limited: cautious scenario ₹795.75, base ₹859.57, optimistic ₹1,051 per share (as of Sep 13, 2026, price ₹855.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRINFRA?
G R Infraprojects Limited trades at a price-to-earnings ratio of 9.2 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹859.57 is built from several models across several years. Other multiples: P/B 1.0, P/S 1.1, EV/EBITDA 7.6.
How solid is the balance sheet of G R Infraprojects Limited (GRINFRA)?
Balance-sheet figures for G R Infraprojects Limited (as of Sep 13, 2026): return on equity 10.1%, debt of 0.49 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is GRINFRA from its 52-week high?
G R Infraprojects Limited trades at ₹855.80, about 36% below its 52-week high of ₹1,342 and 9% above the low of ₹785.00 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹859.57 is for.
Which stocks are comparable to G R Infraprojects Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is G R Infraprojects Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹855.80, calculated fair value ₹859.57 (+0%), Quality Score 46/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GRINFRA calculated?
We run G R Infraprojects Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹859.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. G R Infraprojects Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with G R Infraprojects Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of G R Infraprojects Limited (GRINFRA) come from?
Earnings per share at G R Infraprojects Limited grew +18.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +16.6 %, EBIT margin +3.5 %, tax rate −2.3 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of G R Infraprojects Limited
How large is the market capitalisation of G R Infraprojects Limited (GRINFRA)?
The market capitalisation of G R Infraprojects Limited is ₹89.9B (≈ $944M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of G R Infraprojects Limited (GRINFRA)?
The price-to-sales ratio of G R Infraprojects Limited is 0.99 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of G R Infraprojects Limited (GRINFRA)?
Earnings per share at G R Infraprojects Limited are ₹93.33 (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of G R Infraprojects Limited (GRINFRA)?
The dividend yield of G R Infraprojects Limited is 0.3% (payout 2.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of G R Infraprojects Limited (GRINFRA)?
The net margin of G R Infraprojects Limited is 10.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of G R Infraprojects Limited (GRINFRA)?
The return on equity (ROE) of G R Infraprojects Limited is 10.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of G R Infraprojects Limited (GRINFRA)?
On an EBIT basis the return on assets of G R Infraprojects Limited is 13.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of G R Infraprojects Limited (GRINFRA)?
The operating margin of G R Infraprojects Limited is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at G R Infraprojects Limited (GRINFRA)?
Revenue at G R Infraprojects Limited is growing +9.7% versus a year earlier (3y avg −4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at G R Infraprojects Limited (GRINFRA)?
Earnings per share at G R Infraprojects Limited are growing −48.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does G R Infraprojects Limited (GRINFRA) generate?
The free cash flow of G R Infraprojects Limited is −₹28.0B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does G R Infraprojects Limited (GRINFRA) carry?
The net debt of G R Infraprojects Limited is ₹36.6B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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