G R Infraprojects, a BSE 500 listed company, turned ex-dividend on Thursday, March 13, for its dividend payout of Rs 12.50 per share. On the ex-date, the infra giant announced the winning of financial bids worth nearly Rs 4,263 crore from NHAI. The consensus recommendation on GR Infraprojects is held, however, its potential upside is more than 70% ahead.

G R Infraprojects Share Price:

After market hours on March 13, the stock ended at Rs 961.80 apiece, down by 2.97% with market cap of Rs 9,304.48 crore. The small-cap turned ex-dividend on Thursday. Its price-to-equity ratio is 4.83x, while return on equity is at 25.80%.

The stock’s 52-week high and low is at Rs 1,859.95 apiece and Rs 956 apiece.

G R Infraprojects Dividend:

On March 13, GR Infra turned ex-dividend for its interim dividend of Rs 12.50 per equity share of face value of Rs 5/- per equity share for the Financial Year 2024-25. The interim dividend shall be paid to the eligible shareholders within the stipulated timelines as prescribed under law.

Record date for the dividend was also on March 13 to determine eligible shareholders.

This will be the first ever dividend payout by GR Infra.

G R Infraprojects New Project:

In its regulatory filing, GR Infra said, the Company has emerged as selected bidder in Financial Bid Opening dated March 13, for a tender invited by National Highways Authority of India (Ministry of Road, Transport & Highways) (Government of India).

The project includes construction of Agra- Gwalior Greenfield Road comprising:

– Section-1: Development of 6 Lane of access controlled Agra-Gwalior greenfield highway, starting from design km 0+000 (near village Deori in district Agra) to design km 88+400 (near village Susera in district Gwalior) in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh and

– Section-2: Overlay/Strengthening, other road safety and improvement works on existing Agra- Gwalior section from 1058.00 to 1148.00 (Design chainage 13.00 to 103.00) of NH-44 in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh on DBFOT pattern at BOT (Toll) Mode under NH(O) scheme.

The contract is valued at Rs 4,262.78 crore, and will take at least 910 days from the appointed date to complete.

GR Infraprojects Share Recommendation:

As per the Trendlyne data, the consensus recommendation from 11 analysts for G R Infraprojects Ltd. is HOLD. EPS is expected to reduce by 65.3% in FY25. The average 1-year target price is at Rs 1630.83 apiece, which hints at a potential 70% upside ahead.

Last month, in its report, Axis Securities said, “In 9MFY25, NHAI’s awarding activity remained relatively low, impacting the infrastructure sector’s momentum. However, a pickup in awarding activity is expected in
Mar’25, and the outlook for FY26 appears promising, with a significant increase in project awards. GRIL anticipates strong order intake, supported by a robust bidding pipeline across multiple sectors, particularly in EPC and HAM projects led by NHAI. Beyond roads, GRIL is also exploring opportunities in the railways, ropeways, and transmission and distribution (T&D) sectors, which offer substantial growth potential. These diverse prospects position GRIL to leverage its expertise across various infrastructure domains and capitalise on the sector’s anticipated expansion.”

On the valuation, Axis Securities note said, “The stock is currently trading at an implied PE of 14x/10x FY25E/FY26E EPS. We maintain our BUY rating on the stock with a target price of Rs 1,430/share.”

About GR Infraprojects:

Backed by three decades of excellence and successful family business enterprise, the Company was incorporated as public limited company in December 1995.

Over last 15 years, the company has executed more than 100 projects across 23 states, with an exceptional record of projects being completed on a timely basis or before time, having deployed a technology-enabled project integrated project execution model, relying on its own resources and with its excellent talent base.