Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 226 | 353 | 205 | 297 | 329 | 483 |
| Expenses | 219 | 327 | 193 | 268 | 301 | 436 |
| Operating Profit | 7 | 25 | 12 | 29 | 28 | 47 |
| OPM % | 3.2% | 7% | 6% | 10% | 8% | 10% |
| Other Income | 3 | 4 | 2 | 3 | 1 | 3 |
| Interest | 3 | 4 | 4 | 2 | 3 | 5 |
| Depreciation | 2 | 2 | 3 | 5 | 4 | 5 |
| Profit before tax | 5 | 23 | 8 | 26 | 22 | 40 |
| Tax % | 24% | 24% | 23% | 26% | 27% | 29% |
| Net Profit | 4 | 18 | 6 | 19 | 16 | 29 |
| EPS in Rs | 4.74 | 20.41 | 3.47 | 7.97 | 6.77 | 12.00 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 135 | 136 | 142 | 173 | 182 | 200 | 208 | 345 | 579 | 502 | 812 |
| Expenses | 121 | 117 | 125 | 154 | 164 | 185 | 189 | 319 | 544 | 459 | 735 |
| Operating Profit | 14 | 18 | 17 | 19 | 18 | 15 | 19 | 27 | 34 | 43 | 77 |
| OPM % | 10% | 14% | 12% | 11% | 10% | 8% | 9% | 8% | 6% | 8% | 9% |
| Other Income | 3 | 3 | 6 | 4 | 3 | 4 | 4 | 6 | 7 | 5 | 4 |
| Interest | 7 | 7 | 7 | 7 | 6 | 5 | 7 | 7 | 8 | 9 | 11 |
| Depreciation | 5 | 6 | 7 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 8 |
| Profit before tax | 5 | 8 | 9 | 10 | 10 | 8 | 10 | 21 | 29 | 34 | 62 |
| Tax % | 31% | 37% | 27% | 22% | 22% | 23% | 26% | 23% | 24% | 26% | 28% |
| Net Profit | 3 | 5 | 7 | 8 | 8 | 7 | 7 | 16 | 22 | 25 | 45 |
| EPS in Rs | 28.01 | 40.33 | 55.22 | 8.93 | 8.95 | 7.55 | 8.51 | 18.61 | 25.15 | 10.52 | 18.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 20% | 32% | 33% | 62% | ||
| Compounded Profit Growth | 29% | 47% | 41% | 80% | ||
| Stock Price CAGR | % | % | % | 31% | ||
| Return on Equity | 14% | 16% | 17% | 18% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 9 | 9 | 9 | 9 | 9 | 9 | 24 | 24 |
| Reserves | 45 | 50 | 57 | 57 | 65 | 71 | 79 | 95 | 117 | 205 | 250 |
| Borrowings | 61 | 69 | 58 | 54 | 57 | 65 | 53 | 41 | 49 | 69 | 75 |
| Other Liabilities | 27 | 34 | 29 | 47 | 48 | 49 | 57 | 51 | 62 | 70 | 94 |
| Total Liabilities | 134 | 154 | 144 | 167 | 179 | 194 | 198 | 195 | 236 | 368 | 443 |
| Fixed Assets | 44 | 53 | 45 | 47 | 44 | 49 | 54 | 47 | 55 | 71 | 99 |
| CWIP | 14 | 11 | 7 | 7 | 9 | 7 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 5 | 5 |
| Other Assets | 77 | 90 | 92 | 114 | 126 | 137 | 144 | 146 | 175 | 291 | 337 |
| Total Assets | 134 | 154 | 144 | 167 | 179 | 194 | 198 | 195 | 236 | 368 | 443 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 20 | 18 | 7 | 17 | 6 | 8 | 20 | 22 | 12 | -37 | -0 |
| Cash from Investing Activity | -11 | -12 | 5 | -5 | -3 | -17 | -1 | 3 | -13 | -19 | -35 |
| Cash from Financing Activity | -11 | -0 | -16 | -5 | -3 | -1 | -11 | -19 | 1 | 91 | -3 |
| Net Cash Flow | -1 | 6 | -4 | 7 | 0 | -10 | 9 | 5 | 0 | 36 | -38 |
| Free Cash Flow | 9 | 5 | 10 | 11 | 3 | 0 | 19 | 24 | -0 | -58 | -38 |
| CFO/OP | 135% | 111% | 57% | 104% | 49% | 62% | 119% | 102% | 54% | -67% | 20% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 44 | 74 | 66 | 69 | 65 | 45 | 24 | 18 | 26 | 19 |
| Inventory Days | 139 | 262 | 253 | 252 | 212 | 192 | 234 | 204 | 301 | 573 | 1,103 |
| Days Payable | 94 | 148 | 109 | 129 | 135 | 113 | 90 | 53 | 111 | 171 | 235 |
| Cash Conversion Cycle | 91 | 159 | 218 | 188 | 146 | 144 | 189 | 174 | 208 | 428 | 887 |
| Working Capital Days | 16 | 22 | 52 | 45 | 64 | 81 | 80 | 58 | 40 | 78 | 82 |
| ROCE % | 13% | 14% | 15% | 13% | 10% | 12% | 19% | 23% | 18% | 23% |
| Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|
| Promoters | 73.13% | 73.13% | 73.60% |
| FIIs | 2.57% | 1.05% | 0.41% |
| DIIs | 10.38% | 6.95% | 7.45% |
| Public | 13.94% | 18.89% | 18.53% |
| No. of Shareholders | 1,360 | 1,346 | 1,199 |
Fundamentals
Market Cap₹ 455 Cr.
Current Price₹ 191
Stock P/E10.1
Book Value₹ 115
ROCE22.8 %
ROE17.8 %
Dividend Yield0.13 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)62%
Compounded Profit Growth (TTM)80%
Standalone figures.
Valuation
Market capRs 442 Cr
Enterprise valueRs 491 Cr
P/E (TTM)9.89x
Price to book1.62x
Price to sales0.54x
EV / EBITDA6.06x
EV / EBIT6.69x
EV / sales0.60x
Earnings yield10.11%
Dividend yield0.14%
P/E, 3-year average8.09x
P/B, 3-year average1.04x
P/E, 5-year average8.09x
P/B, 5-year average1.04x
Profitability
Operating margin (excl. other income)9.48%
Operating margin (incl. other income)9.99%
EBITDA margin9.99%
Pre-tax margin7.69%
Net profit margin5.51%
ROE17.81%
ROCE22.71%
ROA11.04%
ROE, 3-year average17.02%
ROCE, 3-year average21.33%
ROA, 3-year average9.83%
ROE, 5-year average15.37%
ROCE, 5-year average19.13%
ROA, 5-year average8.30%
ROIC (approx.)16.30%
Tax rate28.40%
Other income / net worth1.52%
Growth
Sales growth (latest year)61.80%
Profit growth (latest year)78.34%
Sales CAGR, 3 years32.95%
Sales CAGR, 5 years32.34%
Profit CAGR, 3 years40.33%
Profit CAGR, 5 years46.75%
Per share
EPS (TTM)Rs 18.77
EPS (latest year)Rs 18.77
EPS, 3-year averageRs 18.15
EPS, 5-year averageRs 16.31
Book value per shareRs 114.77
Sales per shareRs 340.61
Cash flow per shareRs -0.09
Free cash flow per shareRs -15.95
Dividend per share (latest year)Rs 0.25
Dividend per share, 3-year averageRs 0.25
Dividend per share, 5-year averageRs 0.25
Dividends
Dividend payout1.34%
Dividend payout, 3-year average1.34%
Dividend payout, 5-year average1.34%
Efficiency
Asset turnover1.83x
Fixed asset turnover8.19x
Inventory turnover4.57x
Inventory days80 days
Debtor days19 days
Debtors turnover19.03x
Creditor days235 days
Cash conversion cycle887 days
Working capital days82 days
Leverage
Total debtRs 75 Cr
Cash and bankRs 26 Cr
Net debtRs 49 Cr
Debt to equity0.27x
Net debt / EBITDA0.60x
Interest coverage6.73x
Owners' fund to total sources61.79%
Debt to assets16.91%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -35 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs -38 Cr
Free cash flow (latest year)Rs -38 Cr
FCFE (approx.: FCF + change in debt)Rs -32 Cr
Cash from ops / profit, 5 years0.15x
Statement figures
Net sales (TTM)Rs 812 Cr
Net sales (latest year)Rs 812 Cr
Operating profit excl. other income (latest year)Rs 77 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 81 Cr
PBDT (TTM)Rs 70 Cr
Profit before tax (TTM)Rs 62 Cr
Tax (latest year)Rs 18 Cr
Net profit (TTM)Rs 45 Cr
Net profit (latest year)Rs 45 Cr
Depreciation (TTM)Rs 8 Cr
Interest (TTM)Rs 11 Cr
Cost of goods sold (latest year)Rs 678 Cr
Total expenditure (latest year)Rs 735 Cr
Total income (latest year)Rs 816 Cr
Share capitalRs 24 Cr
ReservesRs 250 Cr
Shareholders' fundsRs 273 Cr
Total assetsRs 443 Cr
Net blockRs 99 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 5 Cr
ReceivablesRs 43 Cr
InventoryRs 148 Cr
Other liabilitiesRs 94 Cr
Shares outstanding (crore)2.38
Ownership
Promoter holding73.60%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544335 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.1% | -2.8% | +3.9 pts |
| 1 month | -1.3% | -6.8% | +5.5 pts |
| 3 months | +52.8% | -7.6% | +60.4 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -27% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 10% of total assets in 2026 |
| explain | Share dilution Share count up 0% in a year, 174% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹483 Cr +36.8% vs Mar 2024.
Net profit ₹29 Cr +61.1%.
Activity
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| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
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| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of B.R.Goyal Infrastructure Ltd?
B.R.Goyal Infrastructure Ltd (544335) has a market capitalisation of Rs 455 Cr. at the 2026-10-01 close.
What is the P/E ratio of B.R.Goyal Infrastructure Ltd?
B.R.Goyal Infrastructure Ltd trades at a P/E of 10.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were B.R.Goyal Infrastructure Ltd's latest quarterly results?
In the Mar 2026 quarter, B.R.Goyal Infrastructure Ltd sales was Rs 483 Cr (+36.8% vs Mar 2024) and net profit was Rs 29 Cr.