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Axis Securities Report
In FY22, GR Infraprojects Ltd. reported operating revenue growth of 9.31% to Rs 7,919 crore. The growth was largely contributed by the increase in the sales of services and products and the increase in other operating revenue.
As of March 31, 2022, the company's order book stands healthy at Rs 13,104 crore. In FY22, it was awarded 10 projects with a combined order value of Rs 9,350 crore Including level-one, the company's total order book stands at Rs 19,613.
Out of the 10 projects it won, eight projects are under hybrid annuity model, one is the metro project, and the final one is under the power transmission segment.
GR Infra believes the heightened competition in the road sector to taper off moving forward, providing more opportunities for the organised players to achieve decent and better margins than the unorganised ones.
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