Buy GR Infraprojects; target of Rs 1475: ICICI Direct

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ICICI Direct's research report on GR Infraprojects

GR Infraprojects (GRIL) is a leading player in the roads and highways sector having overall an order book size of Rs 16,222 crore. The company delivered 26.6% revenue CAGR during FY16-22, wellcomplemented by 33.6% EBITDA CAGR and 39% PAT CAGR • Prudent management, lean balance sheet position, healthy return ratios.

Outlook

We maintain our BUY rating on the stock as asset monetisation through InvIT will boost scalability, ahead. We value GRIL at a target price of Rs 1,475.