Giriraj Civil Developers LimitedGIRIRAJCorporate

Construction Latest results: Mar 2026 7 quarters of data

₹47.85

MCap ₹114 Cr · P/E 7.8

Giriraj Civil Developers Limited — Stock analysis & AI research Giriraj Civil Developers Limited — Seasonality — best & worst months Giriraj Civil Developers Limited — Live exchange announcements

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₹168 Cr

Sales · Mar 2026

-28.2% YoY

₹13 Cr

Operating Profit · Mar 2026

-38.1% YoY

7.7%

OPM % · Mar 2026

-14.4% YoY

₹8 Cr

Net Profit · Mar 2026

-46.7% YoY

₹3.55

EPS · Mar 2026

-43.3% YoY

📝 Giriraj Civil Developers Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Giriraj Civil Developers Limited reported revenue of ₹168 crore for the quarter ended March 2026 (Q4 FY26), down 28.2% from ₹234 crore in the same quarter last year.

Net profit fell 46.7% year-on-year to ₹8 crore, from ₹15 crore. Earnings per share (EPS) came in at ₹3.55.

Operating profit stood at ₹13 crore — an operating margin (OPM) of 7.7%, compared with 9.0% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹309 crore with a net profit of ₹15 crore.

Valuation snapshot

At the current price of ₹47.85, GIRIRAJ has a market capitalisation of ₹114 crore and a trailing P/E of about 7.8.

Within the Construction industry, it is the 25th-largest of the 137 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 54.96%, public shareholders 45.04% of Giriraj Civil Developers Limited.

Promoter holding rose from 51.10% to 54.96% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹114 Cr

Current Price ?

₹47.9

P/E ?

7.83below ind

Industry P/E ?

16.40

P/B ?

0.78

P/S ?

0.37

P/FCF ?

-22.89

Enterprise Value ?

₹136 Cr

EV/EBITDA ?

5.70

PEG ?

0.16

Earnings Yield ?

16.2%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹309 Cr

OPM ?

7.7%

Profit after tax (TTM) ?

₹15 Cr

EPS (TTM) ?

₹6.11

ROCE ?

15.0%

ROE ?

10.0%

ROA ?

5.8%

Growth

Sales — latest qtr ?

₹168 Cr

PAT — latest qtr ?

₹8 Cr

YoY qtr sales growth ?

-28.2%

YoY qtr profit growth ?

-46.7%

Sales growth (3y) ?

35%

Sales growth (5y) ?

N/A

Profit growth (3y) ?

50%

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹22 Cr

Debt to Equity ?

0.15

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

54.96%

Change in promoter holding ?

3.86%

Pledged percentage ?

N/A

Market

Return 3 months ?

-60.7%

Return 6 months ?

-72.6%

🗓️ Quarterly results (7 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Sep 2021	Mar 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	42	84	93	80	234	141	168	-28.2%	—
Operating Profit	3	5	11	4	21	11	13	-38.1%	—
Other Income	0	1	2	1	3	1	1	-66.7%	—
Interest	1	1	1	1	2	2	1	-50.0%	—
Depreciation	0	0	1	1	1	1	1	+0.0%	—
Profit Before Tax	2	4	11	4	21	9	12	-42.9%	—
Net Profit	2	3	9	3	15	7	8	-46.7%	—
EPS	5.81	1.50	3.56	1.22	6.26	2.76	3.55	-43.3%	—
OPM %	6.7%	6.0%	11.8%	5.5%	9.0%	7.8%	7.7%	-14.4%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	4	24	24	24	+0.0%
Reserves	56	89	107	122	+14.0%
Borrowings	22	10	25	22	-12.0%
Other Liabilities	35	55	148	82	-44.6%
Total Liabilities	117	178	304	251	-17.4%
Fixed Assets	9	10	12	11	-8.3%
CWIP	0	0	0	0	—
Investments	0	0	0	0	—
Other Assets	108	169	292	240	-17.8%
Total Assets	117	178	304	251	-17.4%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	1	-39	-5	-5	+0.0%
Cash from Investing Activity	-8	-0	-0	1	—
Cash from Financing Activity	23	30	11	-8	-172.7%
Net Cash Flow	17	-10	6	-11	-283.3%
Free Cash Flow	-7	-42	-9	-5	+44.4%
CFO/OP	16%	-233%	5%	8%	+60.0%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	47	77	77	101	+31.2%
Inventory Days	144	137	115	102	-11.3%
Days Payable	104	125	85	106	+24.7%
Cash Conversion Cycle	87	89	107	97	-9.3%
Working Capital Days	61	105	107	126	+17.8%
ROCE %	—	16%	20%	15%	-25.0%

👥 Shareholding (latest 4 periods)

Metric	Sep 2024	Mar 2025	Sep 2025	Mar 2026	% Chg
Promoters	51.10%	51.10%	51.10%	54.96%	+7.6%
Public	48.90%	48.90%	48.90%	45.04%	-7.9%
No. of Shareholders	311	405	457	487	+6.6%

⚖️ Peer comparison

Industry: Construction · top 25 of 137 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	EMBASSY Embassy Office	₹369.92	35,064	92.7	4,763	378	76.6%	7.9%	13.4%	-79.2%	17.1%	25.9%
2	MINDSPACE MINDSPACE.NS 0P0001KHWX	₹345.06	22,843	28.7	3,241	800	80.1%	24.7%	16.4%	35.2%	27.9%	62.8%
3	NXST NXST.NS 0P0001QYGB	₹148.24	22,458	55.7	2,568	404	67.3%	15.7%	12.4%	-16.5%	12.3%	-89.5%
4	BIRET BIRET.NS 0P0001LR17	₹263.49	21,867	42.0	3,295	626	71.8%	19.0%	24.2%	217.9%	51.7%	67.7%
5	WELENT Welspun Enterprises	₹789.00	10,700	35.5	3,544	348	20.2%	9.8%	0.9%	11.1%	-8.4%	-44.2%
6	MAXESTATES Max Estates	₹611.30	10,000	n/m	200	12	9.0%	6.1%	-97.5%	-98.9%	0.8%	-30.0%
7	AFCONS Afcons Infrastructure	₹253.60	9,327	65.0	11,249	143	9.2%	1.3%	-4.8%	-48.6%	-20.8%	-77.9%
8	IRBINVIT IRB InvIT	₹66.38	8,507	25.1	1,546	340	80.0%	22.0%	13.4%	-23.1%	87.2%	3.2%
9	GRINFRA G R	₹850.40	8,229	8.1	9,194	1,017	18.4%	11.1%	15.7%	-1.6%	40.0%	46.6%
10	NCC NCC	₹130.76	8,210	12.7	20,639	682	8.8%	3.3%	-9.9%	-24.3%	12.2%	11.9%
11	RAYMOND Raymond	₹1,219.50	8,116	187.4	2,293	64	11.1%	2.8%	-62.5%	-30.2%	446.4%	-99.4%
12	MAHLIFE Mahindra Lifespace	₹360.05	7,690	31.5	1,179	80	-10.3%	6.8%	216.9%	535.9%	7344.4%	5.7%
13	NESCO Nesco	₹1,056.00	7,441	17.9	951	417	50.7%	43.8%	27.4%	9.9%	9.7%	4.0%
14	CEIGALL Ceigall India	₹386.80	6,738	20.9	4,155	321	14.9%	7.7%	17.0%	7.7%	15.7%	24.2%
15	DBL Dilip Buildcon	₹406.20	6,599	5.0	8,742	1,255	19.2%	14.4%	-20.4%	66.5%	-9.2%	-52.8%
16	KPIGREEN KPI Green	₹314.95	6,226	13.6	2,787	492	35.8%	17.7%	55.3%	56.5%	13.0%	-15.0%
17	HCC Hindustan Construction	₹21.66	5,674	23.3	3,871	244	12.7%	6.3%	-29.2%	-7.2%	-9.0%	0.7%
18	DBREALTY Valor Estate	₹95.20	5,164	n/m	864	12	9.0%	1.4%	61.7%	122.7%	-86.8%	-109.7%
19	MANINFRA Man Infraconstruction	₹124.44	4,951	21.1	666	216	24.1%	32.4%	-43.1%	-32.5%	19.3%	8.2%
20	PURVA Puravankara	₹202.61	4,805	27.9	4,064	150	20.0%	3.7%	85.7%	130.6%	62.0%	136.6%
21	RUSTOMJEE Keystone Realtors	₹356.90	4,508	33.8	2,832	131	6.7%	4.6%	31.5%	-49.4%	72.2%	220.7%
22	AHLUCONT Ahluwalia Contracts	₹601.50	4,029	17.9	4,686	225	8.5%	4.8%	11.4%	32.3%	12.0%	-79.7%
23	SUNTECK Sunteck Realty	₹269.60	3,959	18.6	1,127	211	28.7%	18.7%	31.7%	34.4%	1.7%	25.5%
24	KOLTEPATIL Kolte -	₹428.30	3,798	30.5	1,573	125	9.8%	8.0%	-53.4%	-147.2%	1017.0%	970.9%
25	GIRIRAJ Giriraj Civil	₹360.20	862	54.1	296	15	8.1%	5.1%	—	—	-27.4%	-46.7%

❓ Frequently asked questions

What was Giriraj Civil Developers Limited's revenue in Q4 FY26?