GPT Infraprojects Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Civil & Core Infrastructure: 93.7% • Concrete Sleepers & Allied: 6.3%
AI Sector View
AI GENERATEDConstruction
Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.
PROS
- Company has delivered good profit growth of 36.2% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 23.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.7%
- Company has delivered good sales growth of 16.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.0%
CONS
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -5.6pp
- Total debt has risen sharply - up 138.6% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3989.15 | 33.08 | 548853.62 | 0.95 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 205.95 | 47.74 | 42940.99 | 0.34 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| KPIL | 1410.25 | 21.19 | 24083.20 | 0.78 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.18 | 24.28 | 23165.60 | 1.36 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1234.85 | 35.26 | 21213.19 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 276.40 | 19.81 | 15534.85 | 1.81 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 969.70 | 26.16 | 11277.57 | 0.72 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| IRCON | 118.30 | 21.25 | 11126.30 | 1.61 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| KEC | 407.85 | 19.61 | 10856.97 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| AFCONS | 284.95 | 72.43 | 10480.02 | 0.70 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| WELENT | 741.55 | 33.58 | 10264.08 | 0.40 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| GPTINFRA | 110.95 | 14.24 | 1402.02 | 2.48 | 24.34 | -2.50 | 302.07 | -3.38 | 21.11 | 15.87 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 234 | 222 | 246 | 294 | 236 | 281 | 273 | 369 | 310 | 269 | 273 | 374 | 282 | |
| 207 | 197 | 217 | 260 | 205 | 244 | 241 | 327 | 274 | 232 | 237 | 321 | 259 | |
| Operating Profit | 27 | 24 | 29 | 34 | 31 | 36 | 32 | 42 | 36 | 37 | 37 | 53 | 39 |
| OPM % | 11.66% | 10.99% | 11.63% | 11.54% | 13.27% | 12.96% | 11.72% | 11.29% | 11.51% | 13.89% | 13.36% | 14.17% | 13.77% |
| Other Income | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 4 | 3 | 8 | 7 |
| Interest | 9 | 8 | 8 | 8 | 8 | 7 | 5 | 5 | 5 | 8 | 9 | 9 | 9 |
| Depreciation | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 6 | 5 | 5 | 6 | 6 |
| 21 | 15 | 21 | 25 | 23 | 29 | 27 | 36 | 30 | 29 | 26 | 46 | 30 | |
| Tax % | 24.84% | 25.21% | 26.84% | 26.27% | 23.74% | 25.72% | 19.90% | 24.74% | 24.48% | 26.18% | 23.67% | 27.38% | 25.83% |
| Net Profit | 16 | 11 | 15 | 19 | 18 | 22 | 22 | 27 | 23 | 21 | 20 | 33 | 22 |
| 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 0 | |
| Equity Capital | 58 | 58 | 58 | 58 | 58 | 126 | 126 | 126 | 126 | 126 | 126 | 126 | 126 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 469 | 455 | 521 | 595 | 573 | 669 | 790 | 996 | 1,159 | 1,226 | 1,199 | |
| 413 | 395 | 475 | 517 | 497 | 586 | 701 | 882 | 1,018 | 1,064 | 1,048 | |
| Operating Profit | 67 | 76 | 67 | 84 | 85 | 88 | 96 | 128 | 156 | 184 | — |
| OPM % | 14 | 17 | 13 | 14 | 15 | 13 | 12 | 13 | 13 | 15 | — |
| Other Income | 11 | 16 | 20 | 5 | 9 | 6 | 7 | 14 | 15 | 22 | 22 |
| Interest | 36 | 37 | 40 | 40 | 38 | 38 | 37 | 32 | 25 | 32 | 36 |
| Depreciation | 13 | 17 | 17 | 18 | 17 | 15 | 13 | 14 | 16 | 22 | 22 |
| 18 | 22 | 9 | 26 | 30 | 36 | 47 | 82 | 116 | 130 | 130 | |
| Tax % | 29 | 20 | 8 | 33 | 31 | 31 | 26 | 26 | 24 | 26 | 26 |
| Net Profit | 13 | 17 | 8 | 17 | 21 | 25 | 35 | 61 | 89 | 96 | 96 |
| EPS | 0 | 0 | 0 | 0 | 7 | 4 | 6 | 10 | 7 | 8 | — |
| Dividend Payout % | 29 | 34 | 69 | 26 | 35 | 35 | 42 | 29 | 43 | 36 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 5 | 7 | 8 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 13%
- 5 Years:
- 16%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 26%
- 5 Years:
- 36%
- 3 Years:
- 41%
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- 38%
- 3 Years:
- 39%
- 1 Year:
- -6%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 18%
- 3 Years:
- 21%
- Last Year:
- 18%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 15 | 29 | 29 | 29 | 29 | 29 | 58 | 58 | 126 | 126 |
| 151 | 145 | 149 | 167 | 179 | 196 | 191 | 232 | 393 | 454 | |
| 209 | 235 | 230 | 226 | 219 | 200 | 201 | 148 | 89 | 162 | |
| Trade Payables | 102 | 117 | 144 | 171 | 129 | 116 | 168 | 158 | 193 | 269 |
| 109 | 109 | 94 | 92 | 127 | 157 | 128 | 129 | 139 | 356 | |
| Total Liabilities | 586 | 635 | 645 | 685 | 683 | 698 | 746 | 725 | 941 | 1,367 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 93 | 101 | 88 | 85 | 73 | 76 | 73 | 74 | 109 | 140 | |
| Capital Work in Progress | 3 | 2 | 3 | 1 | 1 | 1 | 7 | 2 | 9 | 3 |
| 42 | 42 | 41 | 40 | 40 | 39 | 69 | 73 | 83 | 236 | |
| 54 | 69 | 58 | 74 | 67 | 82 | 94 | 108 | 141 | 135 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67 | 83 | 109 | |
| Cash & Bank | 21 | 20 | 27 | 29 | 21 | 20 | 25 | 5 | 10 | 9 |
| 373 | 402 | 428 | 456 | 481 | 480 | 478 | 396 | 505 | 734 | |
| Total Assets | 586 | 635 | 645 | 685 | 683 | 698 | 746 | 725 | 941 | 1,367 |
| Total Debt | 222 | 241 | 245 | 229 | 252 | 243 | 238 | 186 | 121 | 288 |
| Net Working Capital | -38 | -33 | -11 | 23 | 80 | 136 | 121 | 159 | 330 | 324 |
| Contingent Liabilities | 25 | 39 | 33 | 30 | 15 | 25 | 22 | 127 | 21 | 20 |
| Book Value per Share | 113.97 | 59.96 | 61.13 | 67.34 | 71.48 | 77.45 | 42.92 | 49.83 | 41.07 | 45.93 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 69 | 41 | 38 | 52 | 20 | 70 | 106 | 115 | 24 | 63 | |
| Cash from Investing | -29 | -14 | 7 | -1 | 8 | -15 | -48 | -8 | -68 | -168 |
| Cash from Financing | -40 | -26 | -42 | -55 | -27 | -55 | -54 | -109 | 49 | 99 |
| -0 | 0 | 3 | -3 | 1 | 0 | 3 | -2 | 4 | -7 | |
| Free Cash Flow | 69 | 19 | 34 | 41 | 17 | 53 | 95 | 115 | -7 | 50 |
| OCF / Net Profit | 5.41 | 2.35 | 4.51 | 3.08 | 0.96 | 2.83 | 3.07 | 1.89 | 0.27 | 0.65 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 180 | 164 | 240 | 320 | 272 | 305 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 8.72 | 5.96 | 2.88 | 5.85 | 7.07 | 8.50 | 5.94 | 10.44 | 7.01 | 7.63 |
| Book Value (₹) | 113.97 | 59.96 | 61.13 | 67.34 | 71.48 | 77.45 | 42.92 | 49.83 | 41.07 | 45.93 |
| Dividend per Share (₹) | 2.50 | 2.00 | 2.00 | 1.50 | 2.50 | 3.00 | 2.50 | 3.00 | 3.00 | 2.75 |
| Cash EPS (₹) | 2.21 | 2.94 | 2.22 | 3.01 | 3.23 | 3.37 | 4.09 | 6.43 | 8.25 | 9.40 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 14.22% | 16.63% | 12.81% | 14.04% | 14.85% | 13.23% | 12.20% | 11.47% | 12.20% | 13.26% |
| Net Margin % | 2.69% | 3.81% | 1.61% | 2.86% | 3.59% | 3.70% | 4.38% | 6.10% | 7.64% | 7.87% |
| ROE % | 8.06% | 10.20% | 4.76% | 9.11% | 10.19% | 11.42% | 14.56% | 22.52% | 21.89% | 17.55% |
| ROCE % | 14.23% | 14.67% | 11.78% | 15.48% | 15.40% | 15.94% | 17.42% | 23.62% | 25.23% | 21.47% |
| 2.25% | 2.84% | 1.31% | 2.56% | 3.01% | 3.58% | 4.79% | 8.26% | 10.63% | 8.36% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 52 | 42 | 32 | 44 | 53 | 37 | 21 | 18 | 24 | 29 |
| Inventory Days | 42 | 49 | 45 | 41 | 45 | 41 | 41 | 37 | 39 | 41 |
| Payable Days | 201 | 267 | 295 | 367 | 270 | 186 | 172 | 178 | 148 | 172 |
| -107 | -176 | -219 | -283 | -172 | -109 | -109 | -123 | -85 | -103 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.34x | 1.38x | 1.38x | 1.17x | 1.21x | 1.08x | 0.95x | 0.64x | 0.23x | 0.50x |
| Interest Coverage (x) | 1.49x | 1.58x | 1.23x | 1.64x | 1.77x | 1.93x | 2.26x | 3.57x | 5.67x | 5.05x |
| 0.90x | 0.92x | 0.97x | 1.05x | 1.20x | 1.37x | 1.30x | 1.45x | 2.02x | 1.58x | |
| GROWTH | ||||||||||
| Revenue Growth % | 31.70% | -3.05% | 14.56% | 14.20% | -3.73% | 16.73% | 18.09% | 26.09% | 16.37% | 5.78% |
| Operating Profit Growth % | 8.51% | 12.96% | -11.82% | 25.17% | 1.80% | 3.99% | 8.91% | 32.73% | 22.31% | 17.76% |
| Net Profit Growth % | 28.87% | 36.73% | -51.63% | 102.92% | 20.85% | 20.19% | 39.80% | 75.72% | 45.73% | 8.97% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 75.72% | -32.91% | 8.97% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.40x | 16.95x | 12.72x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.10x | 2.89x | 2.11x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.94% | 2.53% | 2.83% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.45x | 10.30x | 8.17x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - GPT Infraprojects Limited has informed the Exchange about being delared as L1 (Lowest First) for order valued at Rs. 483.7 Crore incl GSt
2026-08-24 - GPT Infraprojects Limited has informed the Exchange that Company's Wholly Owned Subsidiary, Alcon Builders and Engineers Private Limited is being declared as L1 (First Lowest) iin order valued at Rs. 97.31 Crore.
2026-08-10 - GPT Infraprojects Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 08, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-08 - GPT Infraprojects Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2026
2026-08-06 - GPT Infraprojects Limited has informed the Exchange that the Company's. Wholly Owned Subsidiary, Alcon Builders and Engineers for being a L1 (First Lowest) in order valued at Rs. 72.5 Crore
2026-08-06 - GPT Infraprojects Limited has informed the Exchange about Transcript
2026-08-03 - GPT Infraprojects Limited has informed the Exchange about Link of Recording
2026-08-03 - GPT Infraprojects Limited has informed the Exchange about Copy of Newspaper Publication on Un-audited Financial Results for quarter ended June 30, 2026.
2026-08-01 - GPT Infraprojects Limited has informed the Exchange regarding a press release dated August 01, 2026, titled "GPT Infraprojects Limited has informed the Exchange about the Press Release titled "GPTINFRA reports results for the First Quarter ended 30th June 2026"".
News
Recent coverage and analyst commentary for GPTINFRA
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