Giriraj Civil Developers LimitedGIRIRAJCorporate

Construction Latest results: Mar 2026 13 quarters of data

₹47.85

MCap ₹114 Cr · P/E 7.6

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🏭 Infrastructure sector

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₹162 Cr

Sales · Mar 2026

-27.4% YoY

₹13 Cr

Operating Profit · Mar 2026

-35.0% YoY

8.0%

OPM % · Mar 2026

-11.1% 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 ₹162 crore for the quarter ended March 2026 (Q4 FY26), down 27.4% from ₹223 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 8.0%, 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 ₹296 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 7.6.

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 ?

7.63below ind

Industry P/E ?

16.40

P/B ?

0.78

P/S ?

0.39

P/FCF ?

-8.18

Enterprise Value ?

₹136 Cr

EV/EBITDA ?

5.69

PEG ?

0.14

Earnings Yield ?

16.1%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹296 Cr

OPM ?

8.1%

Profit after tax (TTM) ?

₹15 Cr

EPS (TTM) ?

₹6.27

ROCE ?

15.0%

ROE ?

10.3%

ROA ?

6.1%

Growth

Sales — latest qtr ?

₹162 Cr

PAT — latest qtr ?

₹8 Cr

YoY qtr sales growth ?

-27.4%

YoY qtr profit growth ?

-46.7%

Sales growth (3y) ?

46%

Sales growth (5y) ?

36%

Profit growth (3y) ?

56%

Profit growth (5y) ?

39%

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 (13 quarters · ₹ Cr)

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

Metric	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	14	15	49	42	41	33	62	42	93	72	223	134	162	-27.4%	—
Operating Profit	1	2	3	3	3	3	4	4	11	4	20	11	13	-35.0%	—
Other Income	1	0	0	0	0	0	1	1	2	1	3	1	0	-100.0%	—
Interest	1	1	1	1	1	1	1	2	1	1	2	2	1	-50.0%	—
Depreciation	0	0	0	0	0	0	0	1	1	1	1	1	1	+0.0%	—
Profit Before Tax	1	1	3	2	3	2	4	2	11	4	21	9	12	-42.9%	—
Net Profit	1	1	2	2	2	2	3	2	9	3	15	7	8	-46.7%	—
EPS	0.43	0.38	1.28	5.81	1.18	1.01	1.43	0.79	3.56	1.22	6.26	2.76	3.55	-43.3%	—
OPM %	7.1%	13.3%	6.1%	6.7%	7.3%	9.1%	6.5%	9.5%	11.8%	5.6%	9.0%	8.2%	8.0%	-11.1%	—

📆 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	20	10	17	22	+29.4%
Other Liabilities	31	46	142	79	-44.4%
Total Liabilities	111	169	291	247	-15.1%
Fixed Assets	9	10	12	11	-8.3%
CWIP	0	0	0	0	—
Investments	2	12	9	2	-77.8%
Other Assets	101	148	270	233	-13.7%
Total Assets	111	169	291	247	-15.1%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-23	-28	-7	-14	-100.0%
Cash from Investing Activity	14	-9	2	8	+300.0%
Cash from Financing Activity	22	30	4	1	-75.0%
Net Cash Flow	12	-7	-0	-6	—
Free Cash Flow	-31	-30	-8	-14	-75.0%
CFO/OP	-315%	-174%	-1%	-32%	-3100.0%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	68	90	83	104	+25.3%
Inventory Days	213	205	126	108	-14.3%
Days Payable	145	166	90	109	+21.1%
Cash Conversion Cycle	136	128	118	103	-12.7%
Working Capital Days	63	116	116	129	+11.2%
ROCE %	11%	15%	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?