Giriraj Civil Developers Limited, originally incorporated as a Private Limited Company on October 19, 2005, transitioned to a Public Limited Company and adopted its current name on January 22, 2018. The company's registered office is located in Mumbai, Maharashtra. Giriraj Civil Developers Ltd. specializes in real estate and infrastructure development, with a significant focus on residential, commercial, and particularly, railway infrastructure projects across India. It aims to deliver high-quality construction solutions, contributing to urban development with an emphasis on timely project completion and customer satisfaction, establishing itself as a prominent player in the civil construction industry.
Giriraj Civil Developers Limited is a civil works contracting and engineering company with a primary focus on railway projects. Its specializations include the construction of railway stations, foot over bridges (FOBs), platform extensions, sick line sheds, stabling lines, officer residential buildings, road over bridges (ROBs), car sheds, and railway yards. The company also undertakes track laying and fitting, earthworks, and other infrastructure construction projects awarded by local government authorities, such as roads, community halls, government schools, and garden development.
The company operates as a government civil contractor, executing various infrastructure projects, notably in railway civil construction across Maharashtra and Gujarat. Its expertise covers harbor lines, road over bridges, and central and western railway line projects, alongside significant earthworks. Giriraj Civil Developers provides comprehensive construction services, from planning and estimation, design, and construction, to maintenance, ensuring safe, cost-effective, efficient, and high-quality project delivery.
The company's financial health and market standing are reflected in its key metrics:
- Market Capitalization: ₹640.47 Crore (as of March 11, 2025)
- 52-Week High: ₹567.85
- 52-Week Low: ₹242.25
Financial Highlights (Trailing Twelve Months - TTM):
- Operating Revenue: ₹372.46 Crore
- Profit After Tax (PAT): ₹10 Crore
- Annual Revenue Growth: 39%
- Pre-Tax Margin: 8%
- Return on Equity (ROE): 8%
- Debt to Equity Ratio: 1% (indicating a healthy balance sheet)
Key Valuation Ratios:
- Price-to-Earnings (PE) Ratio: 59.08
- Price-to-Book (PB) Ratio: 5.28
Giriraj Civil Developers Ltd. has recently secured significant project wins, demonstrating its growing capabilities. The company's shares hit a 5% upper circuit upon receiving a work order worth ₹181.45 Crores from North Central Railway for the upgradation of Khajuraho Railway Station. This award highlights the company's success in acquiring major railway infrastructure contracts.
Financially, the company has exhibited consistent growth, with revenue increasing by 41.56% year-on-year and profits ranging between ₹4 Crores to ₹10 Crores. This growth trajectory underscores the company's expanding project portfolio and improved operational efficiency.
The company is led by Krushang Shah, who serves as both Chairman and Managing Director. A promoter holding of 51.1% indicates strong confidence in the business. Importantly, there is no promoter pledging, which further solidifies the perception of a healthy financial position for the promoters.
Giriraj Civil Developers Ltd. adheres to transparent corporate governance practices, including regular board meetings and shareholder communications. The company has informed its shareholders about a Notice of Shareholders Meeting for a Postal Ballot scheduled for May 28, 2025, having dispatched the postal ballot notice with e-voting details on May 27, 2025.
Giriraj Civil Developers Ltd. has delivered a return of 101.42% over the last 3 years, though it has experienced recent volatility. Over the past 6 months, the share price has decreased by 50.88%, and over the last year, it has seen a decline of 58.03%.
From a technical analysis perspective, the stock is currently trading below its 200-day Moving Average (DMA) and approximately 21% above its 50-day DMA. For further meaningful upward movement, the stock needs to surpass and sustain above the 200-DMA levels. From an O'Neil Methodology standpoint, the company's EPS Rank of 94 is a strong indicator of consistent earnings performance.
The company is committed to strengthening its position in the railway infrastructure sector while actively exploring opportunities in other civil construction segments. With a robust order book and proven project execution capabilities, Giriraj Civil Developers Ltd. is strategically positioned as a specialized and capable player in India's infrastructure development landscape.
