India is a Growth Story !
What is Important in India's Growth ?
Isnt it Infrastructure ??
So today's Let's look at a Infrastructure Company having Aim as high as the Sky and Vision as clear as the Glass and Focus as sharp as the Arrow !
Like and Retweet for wider reach !
The Company is none other than G R Infra
Now Let's see what GR Infraprojects does ?
Civil : Construction of roads, state and national
highways, bridges, culverts, flyovers, airport runways, etc
Railway : Construction, track lining, bridges, etc.
• Construction of metro rail
Manufacturing Facilities :
• Process bitumen
• Manufacture thermoplastic road‑marking paint and road signage
• Fabricate and galvanise metal crash barriers, high mast pole & lighting poles, OHE, PEB fabrication
Now Let's Look at GRIL in a Glance and what they have achieved during the years
100+ Road Projects completed
16000+ Workforce
4 Manufacturing Facilities
Project Mix of GRIL
63% HAM
31% EPC
5% Railways
GRIL Boasts a Strong Order Book of 15782.7 Crore with clientwise mix as shown Below
Let's look at the Earnings Trends now
Revenue has Doubled and EBITDA has Tripled in the Last 5 years .
That's Solid Growth
The Business boasts a Good 25 % Margin that's excellent in my View
The Business has Nominal Debt/Equity of 1.1
A infrastructure business is Asset Heavy and Debt is very common .
Even LT has a debt to Equity near 1
The PAT is growing at an Exponential Rate
Let's look at the Opportunity and Growth triggers of the Sector
Only small % of National highways are higher than 4 lanes presenting Huge opportunity
All developed/developing countries have higher % than India and growth is Clearly Visible Here !
Constant Push from the Government
This is clearly a positive Note for the Sector
As the economy expands, both in terms of population
and output, infrastructure remains a critical pillar
necessary to support its growth. This will necessitate
increased investment in new and upgraded
infrastructure, particularly within the transportation
segment.
Now Let's Look why I love GR Infra more than the many other Names in Market
A simple One Liner Theory
GR Infra Management aims as high and walks their talk as clear as the Sky
" GR Infra aims to become as good/better than LT "
"Targets are never impossible
Now Looking at the Investment Theory of @VijayKedia1 Sir
There should be a Big Sized Opportunity which is clearly Visible
Management should Aim the Skies which is again clearly evident here
Old Management - In case of GR Infra is 20+ Yr Old
Small Company - 18000Cr MCap
All the required Points are clearly visible here which just adds this in a Good Basket
Now Going Forward Let's Dive deep into Valuations and Share Holding Pattern !
GR Infra trades at Reasonable Valuations
2.4 times Sales
20 times their Earnings
Boasting a 25% ROCE,ROE and Trading at Less Multiples to ROCE is another Way to call it Undervalued
The Shareholding Pattern of GRIL as of Sept 2021
Promotors 87 %
FII+DII 10%
Public 2%
You heard me right just 2% .. That itself gives me strong Confidence to own GRIL
I have been Invested in GRIL from 1700-1730 Levels and have been Bullish on the Infrastructure Theme and India 's Growth with a lot of Confidence
Not an SEBI Registered Inv Advisor . Please contact your Advisor before any Buy / Sell Actions . This is Purely for Education
The thread took me a hefty time of the Evening and hence as a Small Return Gift i would expect you to please Like Share and Retweet the First Thread Without Fail ..
It would be an encouragement to me
@ishmohit1 @soicfinance @sahil_vi @nid_rockz @insharebazaar @kuttrapali26
Please do read this if you get some time @LuckyInvest_AK sir . Would be so happy to hear your words on my small Investment attempts and learn/improve as i move on ..
Thank you But please dont forget to Like Share and Retweet the First post of this Thread
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