Buy G R Infraprojects, target price Rs 1620: Axis Securities

Axis Securities has buy call on G R Infraprojects with a target price of Rs 1620. The current market price of G R Infraprojects is Rs 1373.2. Time period given by analyst is one year when G R Infraprojects Ltd. price can reach defined target.

G R Infraprojects Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 13246.39 Crore) operating in Construction sector.

G R Infraprojects Ltd. key Products/Revenue Segments include Income From Construction Work, Electricity, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2705.91 Crore, up 12.08 % from last quarter Total Income of Rs 2414.36 Crore and up 18.97 % from last year same quarter Total Income of Rs 2274.44 Crore. Company reported net profit after tax of Rs 404.86 Crore in latest quarter.

Investment Rationale
During the year, the company diversified into the Power Transmission Segment to augment the revenue stream apart from the road projects and expects to generate encouraging revenue levels in the coming fiscals.

Promoter/FII Holdings
Promoters held 259.62 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.69 per cent, DIIs 29.04 per cent.