Rs 21,126.7 crore order book and FIIs & DIIs increase stake in FY24: Civil construction Company Announced Rs 12.5 per share Interim Dividend
The shares of the company have a PE of 8.6x, an ROE of 26 per cent and an ROCE of 22 per cent.
G R Infraprojects Limited has announced an interim dividend of Rs 12.50 per equity share for the financial year 2024-25. This decision was made by the company's Board of Directors during their meeting on 7th March 2025. The dividend is applicable to shares with a face value of Rs 5 each. The record date for determining the eligibility of shareholders to receive this dividend is set for 13th March 2025.
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Incorporated in 1995, G R Infraprojects Ltd is an integrated road engineering, procurement, and construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. It mainly undertakes civil construction projects under the road sector's EPC and BOT (Build Operate Transfer) basis.
Earlier, GR Infraprojects Ltd was awarded two tenders by Maharashtra State Road Development Corporation Limited on May 21, 2024. The first project involves constructing a 9.341 km section of the Access Controlled Pune Ring Road (Package PRR W5) for Rs 1,997.07 crore and must be finished within 36 months. The second project is a 33.300 km stretch of the Nagpur-Chandrapur Access Controlled Super Communication Expressway (Package NC-01) for Rs 2,349.07 crore with a completion timeframe of 30 months.
According to the financials, GR Infraprojects Ltd has a market cap of over Rs 17,000 crore and the order book as of March 31, 2023, stands at Rs 16,780.6 crore (including the above order, the company’s order book stands at Rs 21,126.7 crore). The company reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24).
As of March 2024, FIIs increased their stake to 0.76 per cent and DIIs increased their stake to 20.61 per cent compared to 0.57 per cent and 15.86 per cent, respectively in December 2023. The shares of the company have a PE of 8.6x, an ROE of 26 per cent and an ROCE of 22 per cent. The stock is up by 75 per cent from its 52-week low of Rs 1,025 per share. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.