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.
OutlookWe 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.
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