Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15 | 49 | 42 | 41 | 33 | 62 | 42 | 93 | 72 | 223 | 134 | 162 |
| Expenses | 13 | 45 | 39 | 38 | 30 | 58 | 38 | 82 | 67 | 203 | 123 | 149 |
| Operating Profit | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 11 | 4 | 20 | 11 | 13 |
| OPM % | 12% | 7% | 7% | 8% | 9% | 7% | 8% | 12% | 6% | 9% | 8% | 8% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 3 | 1 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 3 | 2 | 3 | 2 | 4 | 2 | 11 | 4 | 21 | 9 | 12 |
| Tax % | 29% | 26% | 24% | 25% | 23% | 24% | 20% | 24% | 24% | 27% | 25% | 26% |
| Net Profit | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 9 | 3 | 15 | 7 | 8 |
| EPS in Rs | 0.38 | 1.28 | 1.16 | 1.18 | 1.01 | 1.43 | 0.79 | 3.56 | 1.22 | 6.26 | 2.76 | 3.55 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50 | 49 | 45 | 56 | 44 | 24 | 64 | 83 | 95 | 135 | 295 | 296 |
| Expenses | 47 | 45 | 32 | 50 | 39 | 22 | 58 | 77 | 88 | 120 | 270 | 272 |
| Operating Profit | 3 | 4 | 13 | 5 | 5 | 3 | 5 | 6 | 7 | 14 | 25 | 24 |
| OPM % | 7% | 8% | 28% | 9% | 12% | 11% | 8% | 7% | 8% | 11% | 8% | 8% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 4 | 2 |
| Interest | 1 | 2 | 10 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Profit before tax | 3 | 3 | 3 | 3 | 3 | 1 | 4 | 5 | 6 | 13 | 24 | 20 |
| Tax % | 31% | 33% | 34% | 31% | 27% | 24% | 27% | 24% | 24% | 23% | 26% | 26% |
| Net Profit | 2 | 2 | 2 | 2 | 2 | 1 | 3 | 4 | 4 | 10 | 18 | 15 |
| EPS in Rs | 2.25 | 2.36 | 2.42 | 1.31 | 1.42 | 0.64 | 1.65 | 2.34 | 2.23 | 4.23 | 7.47 | 6.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 20% | 36% | 46% | 1% | ||
| Compounded Profit Growth | 24% | 39% | 56% | -12% | ||
| Stock Price CAGR | % | 31% | -41% | -83% | ||
| Return on Equity | 11% | 11% | 12% | 11% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 4 | 24 | 24 | 24 |
| Reserves | 12 | 14 | 16 | 20 | 22 | 23 | 27 | 31 | 56 | 89 | 107 | 122 |
| Borrowings | 7 | 12 | 14 | 20 | 18 | 18 | 15 | 18 | 20 | 10 | 17 | 22 |
| Other Liabilities | 16 | 17 | 33 | 15 | 19 | 13 | 32 | 32 | 31 | 46 | 142 | 79 |
| Total Liabilities | 37 | 45 | 64 | 58 | 63 | 57 | 76 | 84 | 111 | 169 | 291 | 247 |
| Fixed Assets | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 9 | 10 | 12 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 2 | 2 | 2 | 1 | 26 | 23 | 2 | 12 | 9 | 2 |
| Other Assets | 36 | 44 | 62 | 55 | 60 | 56 | 50 | 61 | 101 | 148 | 270 | 233 |
| Total Assets | 37 | 45 | 64 | 58 | 63 | 57 | 76 | 84 | 111 | 169 | 291 | 247 |
| Mar 2015 | 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 | 2 | 3 | -2 | -1 | 29 | -5 | -23 | -28 | -7 | -14 | ||
| Cash from Investing Activity | -0 | -0 | 1 | 2 | -24 | 4 | 14 | -9 | 2 | 8 | ||
| Cash from Financing Activity | 0 | 3 | -4 | -2 | -4 | 2 | 22 | 30 | 4 | 1 | ||
| Net Cash Flow | 2 | 6 | -5 | -1 | 1 | 0 | 12 | -7 | -0 | -6 | ||
| Free Cash Flow | 2 | 3 | -2 | -1 | 29 | -6 | -31 | -30 | -8 | -14 | ||
| CFO/OP | 19% | 60% | -41% | -40% | 539% | -87% | -315% | -174% | -1% | -32% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 150 | 184 | 314 | 103 | 153 | 214 | 99 | 43 | 68 | 90 | 83 | 104 |
| Inventory Days | 29 | 63 | 99 | 128 | 225 | 324 | 126 | 130 | 213 | 205 | 126 | 108 |
| Days Payable | 144 | 148 | 341 | 110 | 209 | 235 | 186 | 108 | 145 | 166 | 90 | 109 |
| Cash Conversion Cycle | 35 | 99 | 72 | 121 | 168 | 302 | 39 | 65 | 136 | 128 | 118 | 103 |
| Working Capital Days | 22 | 46 | 44 | 35 | 91 | 250 | -12 | 12 | 63 | 116 | 116 | 129 |
| ROCE % | 18% | 17% | 44% | 16% | 14% | 7% | 13% | 14% | 11% | 15% | 20% | 15% |
| Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Oct 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.57% | 59.57% | 64.19% | 69.19% | 55.50% | 55.50% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 54.96% |
| Public | 40.43% | 40.43% | 35.80% | 30.81% | 44.50% | 44.50% | 48.90% | 48.90% | 48.90% | 48.90% | 48.90% | 45.04% |
| No. of Shareholders | 75 | 75 | 74 | 62 | 72 | 91 | 94 | 161 | 311 | 405 | 457 | 487 |
Fundamentals
Market Cap₹ 151 Cr.
Current Price₹ 63.0
Stock P/E9.99
Book Value₹ 61.1
ROCE15.1 %
ROE10.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)-12%
Standalone figures.
Valuation
Market capRs 150 Cr
Enterprise valueRs 170 Cr
P/E (TTM)9.96x
Price to book1.03x
Price to sales0.51x
EV / EBITDA6.69x
EV / EBIT7.12x
EV / sales0.57x
Earnings yield10.05%
P/E, 3-year average81.68x
P/B, 3-year average8.13x
P/E, 5-year average42.08x
P/B, 5-year average4.18x
Profitability
Operating margin (excl. other income)8.03%
Operating margin (incl. other income)8.57%
EBITDA margin8.57%
Pre-tax margin6.88%
Net profit margin5.09%
ROE10.88%
ROCE15.07%
ROA5.62%
ROE, 3-year average12.39%
ROCE, 3-year average16.99%
ROA, 3-year average6.87%
ROE, 5-year average11.71%
ROCE, 5-year average15.42%
ROA, 5-year average5.98%
ROIC (approx.)10.65%
Tax rate25.91%
Other income / net worth1.08%
Growth
Sales growth (latest year)0.53%
Profit growth (latest year)-15.60%
Sales CAGR, 3 years46.03%
Sales CAGR, 5 years36.05%
Profit CAGR, 3 years49.68%
Profit CAGR, 5 years41.40%
Per share
EPS (TTM)Rs 6.31
EPS, 3-year averageRs 5.85
EPS, 5-year averageRs 8.63
Book value per shareRs 61.13
Sales per shareRs 123.85
Cash flow per shareRs -5.86
Free cash flow per shareRs -5.85
Efficiency
Asset turnover1.20x
Fixed asset turnover27.03x
Inventory turnover3.39x
Inventory days108 days
Debtor days104 days
Debtors turnover3.50x
Creditor days109 days
Cash conversion cycle103 days
Working capital days129 days
Leverage
Total debtRs 22 Cr
Cash and bankRs 2 Cr
Net debtRs 20 Cr
Debt to equity0.15x
Net debt / EBITDA0.78x
Interest coverage6.87x
Owners' fund to total sources59.30%
Debt to assets8.79%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs 8 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs -14 Cr
FCFE (approx.: FCF + change in debt)Rs -10 Cr
Cash from ops / profit, 5 years-1.51x
Statement figures
Net sales (TTM)Rs 296 Cr
Net sales (latest year)Rs 296 Cr
Operating profit excl. other income (latest year)Rs 24 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 25 Cr
PBDT (TTM)Rs 22 Cr
Profit before tax (TTM)Rs 20 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 15 Cr
Net profit (latest year)Rs 15 Cr
Depreciation (TTM)Rs 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 222 Cr
Total expenditure (latest year)Rs 272 Cr
Total income (latest year)Rs 298 Cr
Share capitalRs 24 Cr
ReservesRs 122 Cr
Shareholders' fundsRs 146 Cr
Total assetsRs 247 Cr
Net blockRs 11 Cr
InvestmentsRs 2 Cr
ReceivablesRs 85 Cr
InventoryRs 65 Cr
Other liabilitiesRs 79 Cr
Shares outstanding (crore)2.39
Ownership
Promoter holding54.96% (+3.86 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.9 is at the 1th percentile of its own 7.4-year range
(median 71.6, low 9.5, high 302.5).
P/B 1.03 is at the 1th percentile (median 6.84).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GIRIRAJ | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -11.2% | -2.8% | -8.5 pts |
| 1 month | -20.3% | -6.8% | -13.5 pts |
| 3 months | -51.3% | -7.6% | -43.7 pts |
| 6 months | -62.6% | +0.4% | -63.0 pts |
| 1 year | -81.5% | -9.9% | -71.6 pts |
| 2 years | -87.1% | -13.6% | -73.5 pts |
| 3 years | -95.9% | +14.2% | -110.1 pts |
| 5 years | -22.5% | +27.9% | -50.4 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -112% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 12% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 27% vs sales +1% in 2026 |
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 ₹162 Cr +74.2% vs Mar 2024.
Net profit ₹8 Cr -11.1%.
Against our estimate for Mar 2026: sales -54.6%, profit -62.5% big miss.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| 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.
High low price variation greater than 150perc in previous 3 monthsHigh low price variation greater than 300perc in previous 365 DaysHigh low price variation greater than 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Giriraj Civil Developers Ltd?
Giriraj Civil Developers Ltd (GIRIRAJ) has a market capitalisation of Rs 151 Cr. at the 2026-10-01 close.
What is the P/E ratio of Giriraj Civil Developers Ltd?
Giriraj Civil Developers Ltd trades at a P/E of 9.99 on trailing twelve-month profit, at the 2026-10-01 close.
What were Giriraj Civil Developers Ltd's latest quarterly results?
In the Mar 2026 quarter, Giriraj Civil Developers Ltd sales was Rs 162 Cr (+74.2% vs Mar 2024) and net profit was Rs 8 Cr.
What is the 52-week high and low of Giriraj Civil Developers Ltd?
The 52-week high is Rs 375.00 and the 52-week low is Rs 52.30.