Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹463 Cr.
Stock P/E
10.3
P/B
1.7
Current Price
₹194.5
Book Value
₹ 114.9
Face Value
10
52W High
₹204.9
52W Low
₹ 89.1
Dividend Yield
0.13%

BR Goyal Infra. Overview

Business

BR Goyal Infrastructure Ltd. (BRGIL) operates in the Engineering - Construction sector in India. The company's core business involves undertaking various infrastructure and construction projects. This typically includes bidding for and executing contracts from government bodies (central, state, municipal), public sector undertakings (PSUs), and private clients. The company makes money by successfully completing these projects, earning revenue through milestone payments or upon project completion. Its project portfolio likely spans areas such as roads, bridges, buildings, water infrastructure, or other civil construction works.

Revenue Mix

Without specific company financial reports, the exact breakdown of BRGIL's key segments and revenue mix is not available. However, based on its industry, it would typically derive revenue from segments such as:

Roads & Highways

Buildings (residential, commercial, institutional)

Water & Environmental Projects

Other Civil Infrastructure

The actual mix would depend on its specific project wins and specialization.

Industry

The Indian Engineering - Construction industry is highly competitive, fragmented, and capital-intensive, characterized by numerous regional and national players. It is cyclical, heavily influenced by government policy, public spending on infrastructure, and economic growth. BRGIL likely operates as a mid-tier or regional player, competing on factors such as project execution capabilities, cost efficiency, local relationships, and tender pricing. Its positioning relative to larger, more diversified EPC (Engineering, Procurement, Construction) majors would be in securing projects within its operational scale and geographical focus.

MOAT

For a company like BRGIL, a strong, durable competitive advantage (moat) is often difficult to establish in the fragmented construction industry. Potential competitive advantages, if present, might include:

Execution Track Record: A proven history of timely and quality project delivery.

Relationships: Strong and long-standing relationships with specific government agencies or private clients.

Cost Efficiency: Superior project management and procurement leading to competitive bidding.

Regional Expertise: Dominance or specialized knowledge within a particular geographical area or type of construction.

Operational Efficiency: Efficient deployment of machinery and workforce.

However, unlike consumer brands or network effects, these advantages can be less durable and subject to intense competition.

Growth Drivers

Key factors that can drive growth for BRGIL over the next 3-5 years include:

Government Infrastructure Push: Continued high levels of investment by the Indian government in national infrastructure programs (roads, railways, urban development, water).

Urbanization & Industrialization: Growing demand for commercial, residential, and industrial infrastructure due to rapid urbanization and economic expansion.

Order Book Growth: Successful bidding and securing of new, larger, or more profitable projects.

Efficient Project Execution: Ability to complete projects on time and within budget, leading to repeat business and higher margins.

Diversification: Expanding into new geographies or specialized infrastructure segments.

Risks

BRGIL faces several inherent risks:

Project Execution Risk: Delays, cost overruns due to unforeseen circumstances (e.g., land acquisition issues, regulatory hurdles, material price volatility, labor shortages).

Intense Competition: Pressure on profit margins due to aggressive bidding from numerous competitors.

Government Policy & Funding: Dependence on government spending and policy changes, which can impact project pipelines and payment cycles.

Working Capital Management: High working capital requirements inherent in the construction industry, leading to liquidity challenges.

Regulatory & Environmental Risks: Obtaining clearances and approvals can be time-consuming and subject to changes.

Economic Cyclicality: Performance is tied to broader economic health and investment cycles.

Management & Ownership

BR Goyal Infrastructure Ltd. is likely a promoter-driven company, given the "BR Goyal" in its name, suggesting a strong founder or family presence in its ownership and management. In such companies, promoters typically hold a significant equity stake and play a crucial role in strategic decision-making and operational oversight. The quality of management would depend on their experience, financial prudence, and ability to navigate the complexities of the construction sector, including client relationships, project execution, and risk management.

Outlook

The outlook for BR Goyal Infrastructure Ltd. is intrinsically linked to the trajectory of infrastructure development in India. The long-term demand for infrastructure remains strong, supported by government initiatives, urbanization, and economic growth. This provides a significant opportunity for companies like BRGIL to secure new projects and expand their operations. However, the company operates in a highly competitive and capital-intensive industry with inherent risks such as project delays, cost escalations, and payment challenges. Its future performance will largely depend on its ability to consistently win new, profitable contracts, execute projects efficiently, manage working capital effectively, and prudently diversify its client and project portfolio amidst fluctuating economic conditions and intense competition.

BR Goyal Infra. Share Price

Live · BSE · Inception: 1986
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

BR Goyal Infra. Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

BR Goyal Infra. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 225 346 589 510 820
Other Income 4 7 7 5 4
Total Income 229 353 596 515 825
Total Expenditure 204 318 554 467 743
Operating Profit 24 35 42 48 81
Interest 9 8 8 9 11
Depreciation 5 5 5 5 8
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 10 22 29 34 63
Provision for Tax 3 5 7 9 18
Profit After Tax 8 17 22 25 45
Adjustments -0 -0 -0 -0 -0
Profit After Adjustments 8 17 22 25 45
Adjusted Earnings Per Share 4.3 10 12.6 10.6 18.8

BR Goyal Infra. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 87 105 127 229 274
Minority's Interest 0 0 0 0 0
Borrowings 19 18 16 25 31
Other Non-Current Liabilities 30 26 31 35 60
Total Current Liabilities 67 49 66 83 93
Total Liabilities 203 197 239 373 458
Fixed Assets 54 47 55 71 99
Other Non-Current Assets 14 17 25 46 52
Total Current Assets 135 133 160 256 307
Total Assets 203 197 239 373 458

BR Goyal Infra. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 16 23 29 29 66
Cash Flow from Operating Activities 27 23 12 -36 2
Cash Flow from Investing Activities -0 2 -13 -19 -35
Cash Flow from Financing Activities -19 -19 1 92 -2
Net Cash Inflow / Outflow 8 6 0 36 -36
Closing Cash & Cash Equivalent 23 29 29 66 30

BR Goyal Infra. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 4.33 9.96 12.58 10.57 18.81
CEPS(Rs) 7.3 12.69 15.31 12.87 22.1
DPS(Rs) 0 0 0 0 0.25
Book NAV/Share(Rs) 50.29 60.25 72.83 96.09 114.9
Core EBITDA Margin(%) 9.08 8.2 5.84 8.39 9.38
EBIT Margin(%) 8.47 8.87 6.3 8.37 8.98
Pre Tax Margin(%) 4.5 6.43 4.87 6.65 7.65
PAT Margin (%) 3.36 5.01 3.72 4.96 5.48
Cash Profit Margin (%) 5.64 6.38 4.52 6.01 6.42
ROA(%) 3.72 8.65 10.02 8.26 10.81
ROE(%) 8.64 18.03 18.91 14.21 17.87
ROCE(%) 13.52 21.38 23.01 17.97 22.69
Receivable days 43.04 24.98 15.34 23.78 19.69
Inventory Days 86.01 58.06 36.39 56.78 55.16
Payable days 109.2 72.13 89.69 151.71 242.16
PER(x) 0 0 0 10.24 5.87
Price/Book(x) 0 0 0 1.13 0.96
Dividend Yield(%) 0 0 0 0 0.23
EV/Net Sales(x) 0.17 0.06 0.05 0.51 0.38
EV/Core EBITDA(x) 1.61 0.6 0.69 5.45 3.8
Net Sales Growth(%) 0 53.96 70.05 -13.41 60.91
EBIT Growth(%) 0 61.25 20.83 15.05 72.52
PAT Growth(%) 0 129.27 26.27 15.46 77.73
EPS Growth(%) 0 129.87 26.3 -15.98 78
Debt/Equity(x) 0.61 0.4 0.39 0.31 0.28
Current Ratio(x) 2.03 2.72 2.43 3.08 3.3
Quick Ratio(x) 1.23 1.55 1.51 1.89 1.69
Interest Cover(x) 2.14 3.63 4.39 4.87 6.76
Total Debt/Mcap(x) 0 0 0 0.27 0.29

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +61% +33% — —
Operating Profit CAGR +69% +32% — —
PAT CAGR +80% +38% — —
Share Price CAGR +49% — — —
ROE Average +18% +17% +16% +16%
ROCE Average +23% +21% +20% +20%

BR Goyal Infra. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 73.6 %
FII 0 %
DII (MF + Insurance) 6.96 %
Public (retail) 19.44 %
# Mar 2017 Mar 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 10073.1273.1273.673.6
FII 02.571.050.410
DII 010.386.957.456.96
Public 013.9318.8818.5419.44
Others 00000
Total 100100100100100

BR Goyal Infra. Peer Comparison

Engineering - Construction Edit Columns

BR Goyal Infra. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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BR Goyal Infra. Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 151.71 to 242.16days.
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