GPT Infraprojects Ltd (GPT) is a construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railways.[1]
Business Segments1) Infrastructure Segment (95% in 9M FY25 vs 85% in FY22):[1][2]The company specializes in infrastructure projects, including railway bridges, road construction, and railway track development. In the roads and highways sector, it builds railway and riverine bridges, airport pavements, and metro systems. It also undertakes industrial projects like railway sidings, merry-go-round railways, etc. The segment revenue grew by 61% between FY22-FY24 led by higher execution of large contracts.[3][4]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Larsen & Toubro | 4157.00 | 35.57 | 571732.32 | 0.82 | 4678.01 | 15.63 | 67983.53 | 10.44 | 14.49 | 270722.51 | 12.67 | 16074.88 | 3926.09 | 5.64 | 4.98 | 1.32 |
| 2. | Rail Vikas | 357.40 | 65.56 | 74435.52 | 0.48 | 230.52 | -19.73 | 5122.97 | 5.52 | 14.72 | 20026.00 | 4.70 | 1135.41 | 230.29 | 7.80 | 6.40 | 0.52 |
| 3. | NBCC | 116.05 | 46.91 | 31330.86 | 0.58 | 156.69 | 25.71 | 2910.20 | 18.99 | 33.17 | 12751.71 | 5.04 | 667.83 | 153.52 | 11.73 | 4.68 | 0.00 |
| 4. | IRB Infra.Devl. | 42.33 | 29.21 | 25569.19 | 0.71 | 140.82 | 41.00 | 1751.02 | 10.42 | 7.82 | 8024.67 | 48.08 | 875.41 | 140.82 | 1.25 | 2.01 | 1.02 |
| 5. | Kalpataru Proj. | 1173.70 | 24.31 | 19958.36 | 0.77 | 237.39 | 91.27 | 6528.57 | 32.43 | 15.95 | 25498.99 | 8.25 | 821.04 | 240.05 | 2.88 | 2.36 | 0.69 |
| 6. | KEC International | 717.05 | 27.95 | 19094.43 | 0.77 | 160.75 | 88.21 | 6091.56 | 19.13 | 17.98 | 23335.94 | 7.26 | 683.11 | 160.75 | 3.38 | 2.75 | 0.94 |
| 7. | Ircon Intl. | 177.42 | 27.77 | 16682.86 | 1.49 | 136.51 | -32.68 | 1976.75 | -19.23 | 11.60 | 9787.96 | 7.43 | 600.65 | 138.65 | 2.58 | 3.74 | 0.80 |
| 8. | GPT Infraproject | 109.83 | 14.95 | 1390.65 | 2.73 | 21.08 | -2.68 | 269.33 | -4.06 | 25.31 | 1221.49 | 12.02 | 92.99 | 21.08 | 2.58 | 11.10 | 0.32 |
| – | Median: 116 Co. | 132.98 | 18.54 | 526.96 | 0.0 | 9.21 | 19.04 | 149.57 | 10.73 | 18.3 | 510.67 | 12.79 | 31.74 | 9.16 | 2.26 | 6.93 | 0.44 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 193 | 246 | 273 | 234 | 236 | 310 | 260 | 294 | 369 | 149 | 222 | 281 | 269 |
Expenses | 171 | 217 | 241 | 207 | 205 | 274 | 234 | 260 | 327 | 130 | 197 | 244 | 232 |
Operating Profit | 22 | 29 | 32 | 27 | 31 | 36 | 26 | 34 | 42 | 20 | 24 | 36 | 37 |
Other Income | 2 | 3 | 4 | 5 | 3 | 6 | 3 | 3 | 5 | 1 | 3 | 4 | 4 |
Profit before tax | 12 | 21 | 27 | 21 | 23 | 30 | 16 | 25 | 36 | 8 | 15 | 29 | 29 |
Tax % | 22% | 27% | 20% | 25% | 24% | 24% | 27% | 26% | 25% | 28% | 25% | 26% | 26% |
Net Profit | 9 | 15 | 22 | 16 | 18 | 23 | 11 | 19 | 27 | 6 | 11 | 22 | 21 |
EPS in Rs | 0.78 | 1.29 | 1.73 | 1.34 | 1.51 | 1.79 | 0.98 | 1.61 | 2.17 | 0.50 | 0.98 | 1.71 | 1.67 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 326 | 247 | 356 | 469 | 455 | 521 | 595 | 573 | 669 | 790 | 996 | 1,159 | 1,221 |
Expenses | 286 | 205 | 301 | 413 | 395 | 475 | 517 | 497 | 586 | 700 | 882 | 1,017 | 1,075 |
Operating Profit | 40 | 42 | 55 | 56 | 60 | 46 | 79 | 76 | 83 | 90 | 114 | 143 | 147 |
Other Income | 7 | 8 | 7 | 11 | 16 | 20 | 5 | 9 | 6 | 7 | 14 | 14 | 19 |
Interest | 35 | 39 | 36 | 36 | 37 | 40 | 40 | 38 | 38 | 37 | 32 | 25 | 24 |
Depreciation | 10 | 12 | 12 | 13 | 17 | 17 | 18 | 17 | 14 | 13 | 14 | 16 | 20 |
Profit before tax | 1 | -0 | 14 | 18 | 22 | 9 | 26 | 30 | 36 | 47 | 82 | 116 | 122 |
Net Profit | 3 | 1 | 10 | 13 | 17 | 8 | 17 | 21 | 25 | 35 | 61 | 89 | 93 |
EPS in Rs | 0.23 | 0.09 | 0.85 | 1.09 | 1.49 | 0.72 | 1.46 | 1.77 | 2.12 | 2.97 | 5.22 | 7.01 | 7.36 |
Dividend Payout % | 54% | 0% | 29% | 29% | 34% | 69% | 26% | 35% | 35% | 42% | 29% | 43% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 15 | 29 | 29 | 29 | 29 | 29 | 58 | 58 | 126 | 126 |
Reserves | 127 | 128 | 135 | 151 | 145 | 149 | 167 | 179 | 196 | 192 | 232 | 393 | 411 |
Borrowings | 231 | 227 | 224 | 222 | 241 | 245 | 229 | 258 | 253 | 246 | 190 | 123 | 174 |
Other Liabilities | 140 | 125 | 161 | 187 | 213 | 216 | 253 | 199 | 193 | 238 | 220 | 270 | 303 |
Total Liabilities | 513 | 495 | 534 | 574 | 629 | 638 | 678 | 666 | 671 | 733 | 700 | 912 | 1,014 |
Fixed Assets | 73 | 60 | 66 | 93 | 101 | 88 | 85 | 73 | 76 | 73 | 74 | 109 | 121 |
Gross Block | 111.66 | 109.47 | 125.04 | 103.80 | 126.47 | 129.17 | 141.87 | 146.79 | 162.05 | 167.41 | 171.05 | 195.42 | – |
Accumulated Depreciation | 39.01 | 49.30 | 59.16 | 10.41 | 25.34 | 41.63 | 57.17 | 73.82 | 86.10 | 94.39 | 96.88 | 86.07 | – |
CWIP | 0 | 9 | 3 | 3 | 2 | 3 | 1 | 1 | 2 | 7 | 2 | 9 | 6 |
Investments | 58 | 63 | 53 | 42 | 42 | 41 | 40 | 40 | 39 | 69 | 73 | 83 | 86 |
Other Assets | 382 | 362 | 413 | 436 | 484 | 507 | 552 | 551 | 555 | 584 | 550 | 710 | 801 |
Total Assets | 513 | 495 | 534 | 574 | 629 | 638 | 678 | 666 | 671 | 733 | 700 | 912 | 1,014 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 32 | 27 | 36 | 69 | 41 | 38 | 52 | 20 | 70 | 106 | 115 | 24 |
Cash from Investing Activity | -11 | 14 | 3 | -29 | -14 | 7 | -1 | 8 | -15 | -48 | -8 | -68 |
Cash from Financing Activity | -24 | -42 | -40 | -40 | -26 | -42 | -55 | -27 | -55 | -54 | -109 | 49 |
Net Cash Flow | -2 | -1 | -0 | -0 | 0 | 3 | -3 | 1 | 0 | 3 | -2 | 4 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 84 | 82 | 68 | 52 | 30 | 37 | 55 | 49 | 32 | 16 | 25 | 26 |
Inventory Days | 348 | 743 | 780 | 682 | 657 | 400 | 616 | 399 | 439 | 607 | – | – |
Days Payable | 561 | 1,071 | 1,278 | 1,292 | 1,115 | 984 | 1,423 | 765 | 622 | 1,079 | – | – |
Cash Conversion Cycle | -129 | -246 | -431 | -557 | -428 | -547 | -752 | -317 | -151 | -456 | 25 | 26 |
Working Capital Days | -18 | -48 | -31 | -46 | -43 | -27 | -4 | 38 | 63 | 45 | 57 | 101 |
ROCE % | 10% | 10% | 14% | 14% | 15% | 12% | 15% | 15% | 16% | 17% | 23% | 25% |
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Stock Analysis
GPT Infraprojects Limited is a construction company engaged in executing civil and infrastructure projects, including railway bridges, road construction, and railway track development. It also manufactures concrete sleepers for railways, with a growing presence in international markets.
Order Book: As of recent announcements, GPT Infraprojects maintains a robust order book exceeding ₹4,600 Crore, providing significant revenue visibility for the next 2.5-3 years.
Currently no data available for Key Red Flags.
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