Giriraj Civil

  • Market Cap: Micro Cap
  • Industry: Construction
  • ISIN: INE614Z01017
  • NSEID: GIRIRAJ
  • BSEID:
INR
128.50
-3.3 (-2.5%)
BSENSE

Dec 05

BSE+NSE Vol: 8250

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

8.25 k (2.48%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

51.10%

When is the next results date for Giriraj Civil?

06-Jun-2025

No Upcoming Board Meetings

What is the bonus history of the Giriraj Civil?

06-Jun-2025

Giriraj Civil Developers Ltd recently announced a 4:1 bonus issue, with an ex-date of November 3, 2023. Shareholders will receive four additional shares for every one share held as of that date.

Giriraj Civil Developers Ltd has a recent bonus issue where they announced a 4:1 bonus. The ex-date for this bonus is set for November 3, 2023. This means that shareholders will receive four additional shares for every one share they hold as of that date. If you have any more questions about the company or its financial activities, feel free to ask!

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Has Giriraj Civil declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Giriraj Civil?

16-Jul-2025

Peers of Giriraj Civil include Zodiac Energy, RPP Infra Projects, GVK Power Infra, Deepak Builders, Effwa Infra, MBL Infrast, AVP Infracon, IL&FS Engineering, and W S Industries. Giriraj Civil has average management risk, an average capital structure, and a 1-year return of -34.14%.

Peers: The peers of Giriraj Civil are Zodiac Energy, RPP Infra Proj., GVK Power Infra., Deepak Builders, Effwa Infra, MBL Infrast, AVP Infracon, IL&FS Engg., and W S Inds.<BR><BR>Quality Snapshot: Excellent management risk is observed at Zodiac Energy and Effwa Infra, while Average management risk is found at Deepak Builders and W S Inds., and Below Average management risk is noted for RPP Infra Proj., Giriraj Civil, and MBL Infrast. Growth is Excellent for Zodiac Energy, Giriraj Civil, Effwa Infra, and AVP Infracon, while Good growth is seen at Deepak Builders and W S Inds., and Below Average growth is present at RPP Infra Proj. and MBL Infrast. Average capital structure is noted for Giriraj Civil and Zodiac Energy, Good capital structure is found at Deepak Builders and Effwa Infra, while Below Average capital structure is observed at MBL Infrast and AVP Infracon.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Effwa Infra at 25.60%, while the lowest is GVK Power Infra at -56.91%. Giriraj Civil's 1-year return is -34.14%, which is better than GVK Power Infra but worse than Effwa Infra. Additionally, MBL Infrast and GVK Power Infra have negative six-month returns.

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Who are in the management team of Giriraj Civil?

16-Jul-2025

As of March 2022, the management team of Giriraj Civil includes Krushang Mahesh Shah (Chairman & Managing Director), Mamta Prasad Chaoji (Company Secretary), Radhakrishnan Pillai (Independent Director), Prasham Shah (Executive Director), and Tina Dass (Independent Director). These individuals are responsible for the company's governance and operations.

As of March 2022, the management team of Giriraj Civil includes the following individuals:<BR><BR>1. Krushang Mahesh Shah - Chairman & Managing Director<BR>2. Mamta Prasad Chaoji - Company Secretary<BR>3. Radhakrishnan Pillai - Independent Director<BR>4. Prasham Shah - Executive Director<BR>5. Tina Dass - Independent Director<BR><BR>These members play key roles in the governance and operational management of the company.

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What does Giriraj Civil do?

17-Jul-2025

Giriraj Civil Developers Ltd is a micro-cap construction company incorporated in 2005, which became a public company in 2018. It has a market cap of INR 574 Cr, with a P/E ratio of 35.00 and a debt-equity ratio of 0.02.

Overview:<BR>Giriraj Civil Developers Ltd is a company operating in the construction industry and falls within the micro-cap market segment.<BR><BR>History:<BR>The company was incorporated in 2005 as a Private Limited Company and later changed its status to a Public Limited Company in January 2018. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 574 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 35.00<BR>Industry P/E: 38<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.02<BR>Return on Equity: 15.79%<BR>Price-to-Book: 5.29<BR><BR>Contact Details:<BR>Address: Off No 006/A Wing Ground Floor, Western Edge-2 Borivali (East) Mumbai Maharashtra : 400066<BR>Tel: 91-22-28906356<BR>Email: info@giriraj.biz<BR>Website: http://www.giriraj.biz.com

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Who are the top shareholders of the Giriraj Civil?

17-Jul-2025

The top shareholders of Giriraj Civil include Krushang Mahesh Shah with 37.58%, Tanuja Narendra Agrawal at 16.72%, and individual investors holding 37.48%. There are no pledged promoter holdings, and the company has no mutual funds or foreign institutional investors.

The top shareholders of Giriraj Civil include the promoters, with Krushang Mahesh Shah holding the largest share at 37.58%. The highest public shareholder is Tanuja Narendra Agrawal, who owns 16.72%. Additionally, individual investors collectively hold 37.48% of the shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares.

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How big is Giriraj Civil?

24-Jul-2025

As of 23rd July, Giriraj Civil Developers Ltd has a market capitalization of 713.00 Cr, classifying it as a Micro Cap company, with Shareholder's Funds of 113.25 Cr and Total Assets of 181.44 Cr; however, recent financial data for the last four quarters is unavailable.

As of 23rd July, <BR><BR>Market Cap: Giriraj Civil Developers Ltd has a market capitalization of 713.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 113.25 Cr and Total Assets valued at 181.44 Cr.

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Is Giriraj Civil technically bullish or bearish?

28-Oct-2025

As of 27 October 2025, Giriraj Civil's trend is mildly bearish due to bearish signals from the MACD and Bollinger Bands, despite some daily bullish indicators, influenced by significant negative returns compared to the Sensex.

As of 27 October 2025, the technical trend for Giriraj Civil has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and Bollinger Bands both indicating bearish conditions. The KST is also mildly bearish on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, the overall sentiment is weighed down by the significant negative returns over the past month and year compared to the Sensex. The lack of clear signals from the RSI and Dow Theory further supports a neutral to bearish outlook.

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Is Giriraj Civil overvalued or undervalued?

06-Nov-2025

As of November 4, 2025, Giriraj Civil is considered undervalued with a PE ratio of 23.93 and an EV to EBITDA of 17.45, indicating strong growth potential compared to peers like Thermax and BEML Ltd, despite a recent stock decline of 56.15% over the past year.

As of 4 November 2025, Giriraj Civil has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued. Key ratios include a PE ratio of 23.93, an EV to EBITDA of 17.45, and a PEG ratio of 0.31, indicating strong potential for growth relative to its price. <BR><BR>In comparison with peers, Giriraj Civil's PE ratio is significantly lower than that of Thermax at 58.19 and BEML Ltd at 60.01, both of which are classified as very expensive. Additionally, Giriraj Civil's EV to EBITDA is more favorable than the industry average, reinforcing its undervaluation. Despite recent stock performance lagging behind the Sensex, particularly over the past year with a decline of 56.15% compared to the Sensex's 6.68% increase, the long-term growth potential remains compelling.

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How has been the historical performance of Giriraj Civil?

15-Nov-2025

Giriraj Civil has shown significant growth in net sales and profitability over the past three years, with net sales increasing from 126.43 Cr in Mar'23 to 314.30 Cr in Mar'25, and profit after tax rising from 4.50 Cr to 17.88 Cr, despite challenges in cash flow management. Total liabilities increased while shareholder's funds strengthened, indicating a solid equity position.

Answer:<BR>The historical performance of Giriraj Civil shows significant growth in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>Giriraj Civil's net sales have increased from 126.43 Cr in Mar'23 to 314.30 Cr in Mar'25, indicating strong revenue growth. Total operating income followed a similar trend, rising from 126.43 Cr in Mar'23 to 314.30 Cr in Mar'25. However, total expenditure also rose significantly, from 118.00 Cr in Mar'23 to 288.96 Cr in Mar'25, driven by higher raw material costs, which increased from 101.39 Cr to 247.40 Cr over the same period. Operating profit (PBDIT) improved from 8.99 Cr in Mar'23 to 29.52 Cr in Mar'25, although the operating profit margin slightly decreased from 6.67% to 8.06%. Profit before tax rose from 6.38 Cr in Mar'23 to 24.63 Cr in Mar'25, leading to a profit after tax increase from 4.50 Cr to 17.88 Cr. The earnings per share (EPS) also grew from 2.23 in Mar'23 to 7.47 in Mar'25. On the balance sheet, total liabilities increased from 116.94 Cr in Mar'23 to 181.44 Cr in Mar'24, while shareholder's funds rose from 60.34 Cr to 113.25 Cr, reflecting a strengthening equity position. Cash flow from operating activities showed a negative trend, moving from a positive 1.00 Cr in Mar'23 to a negative 39.00 Cr in Mar'24, although cash flow from financing activities improved from 23.00 Cr to 30.00 Cr. Overall, Giriraj Civil has demonstrated robust growth in sales and profitability, despite challenges in cash flow management.

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Why is Giriraj Civil falling/rising?

04-Dec-2025

As of 04-Dec, Giriraj Civil Developers Ltd's stock price is at 131.80, down 4.35%, with a significant year-to-date decline of 58.15%. Despite past strong performance, recent trends indicate a bearish outlook, underperforming its sector and remaining below key moving averages.

As of 04-Dec, Giriraj Civil Developers Ltd's stock price is falling, currently at 131.80, which reflects a decrease of 6.0 or 4.35%. This decline is evident in the stock's performance over various periods, particularly over the last month where it has dropped by 26.33%, while the benchmark Sensex has increased by 1.70%. Year-to-date, the stock has seen a significant decline of 58.15%, contrasting sharply with the Sensex's gain of 10.10%. <BR><BR>Despite a strong performance over the past three and five years, where the stock has increased by 122.07% and an astonishing 2828.89% respectively, the recent trends indicate a troubling downturn. Today's performance shows that the stock has underperformed its sector by 3.99%. Although there has been a notable increase in investor participation, with a delivery volume rise of 242.39% against the five-day average, the stock remains lower than the 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Overall, these factors contribute to the current decline in Giriraj Civil Developers Ltd's stock price.

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stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Construction

stock-summary
Market cap

INR 307 Cr (Micro Cap)

stock-summary
P/E

18.00

stock-summary
Industry P/E

34

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.05

stock-summary
Return on Equity

12.98%

stock-summary
Price to Book

2.29

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-61.06%
0%
-61.06%
6 Months
-55.47%
0%
-55.47%
1 Year
-64.21%
0%
-64.21%
2 Years
-73.4%
0%
-73.4%
3 Years
127.03%
0%
127.03%
4 Years
801.75%
0%
801.75%
5 Years
2755.56%
0%
2755.56%

Giriraj Civil for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

Giriraj Civil Developers Ltd has announced 4:1 bonus issue, ex-date: 03 Nov 23

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
64.50%
EBIT Growth (5y)
56.66%
EBIT to Interest (avg)
4.31
Debt to EBITDA (avg)
0.56
Net Debt to Equity (avg)
0.02
Sales to Capital Employed (avg)
1.99
Tax Ratio
26.48%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
16.26%
ROE (avg)
8.07%
Valuation key factors
Factor
Value
P/E Ratio
18
Industry P/E
Price to Book Value
2.29
EV to EBIT
13.88
EV to EBITDA
13.06
EV to Capital Employed
2.23
EV to Sales
1.09
PEG Ratio
0.23
Dividend Yield
NA
ROCE (Latest)
16.05%
ROE (Latest)
12.98%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Krushang Mahesh Shah (37.58%)

Highest Public shareholder

Tanuja Narendra Agrawal (16.72%)

Individual Investors Holdings

36.82%

stock-summaryFinancial
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Giriraj Civil"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is -39.83% vs 191.20% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -55.85% vs 414.43% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
          "val1": "140.77",
          "val2": "233.95",
          "chgp": "-39.83%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "10.93",
          "val2": "20.90",
          "chgp": "-47.70%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "2.15",
          "val2": "2.29",
          "chgp": "-6.11%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "6.61",
          "val2": "14.97",
          "chgp": "-55.85%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "7.76%",
          "val2": "8.93%",
          "chgp": "-1.17%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Giriraj Civil"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 80.29% vs 37.89% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 76.68% vs 124.89% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "314.30",
          "val2": "174.33",
          "chgp": "80.29%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "25.34",
          "val2": "15.75",
          "chgp": "60.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "3.45",
          "val2": "2.87",
          "chgp": "20.21%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "17.88",
          "val2": "10.12",
          "chgp": "76.68%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "8.06%",
          "val2": "9.03%",
          "chgp": "-0.97%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary
Sep'25
Mar'25
Change(%)
Net Sales
140.77
233.95
-39.83%
Operating Profit (PBDIT) excl Other Income
10.93
20.90
-47.70%
Interest
2.15
2.29
-6.11%
Exceptional Items
0.00
0.00
Consolidate Net Profit
6.61
14.97
-55.85%
Operating Profit Margin (Excl OI)
7.76%
8.93%
-1.17%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -39.83% vs 191.20% in Mar 2025

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is -55.85% vs 414.43% in Mar 2025

Annual Results Snapshot (Consolidated) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
314.30
174.33
80.29%
Operating Profit (PBDIT) excl Other Income
25.34
15.75
60.89%
Interest
3.45
2.87
20.21%
Exceptional Items
0.00
0.00
Consolidate Net Profit
17.88
10.12
76.68%
Operating Profit Margin (Excl OI)
8.06%
9.03%
-0.97%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 80.29% vs 37.89% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 76.68% vs 124.89% in Mar 2024

stock-summaryCompany CV
About Giriraj Civil Developers Ltd stock-summary
stock-summary
Giriraj Civil Developers Ltd
Micro Cap
Construction
Giriraj Civil Developers Limited was incorporated as a Private Limited Company with the name "Giriraj Civil Developers Private Limited" on October 19, 2005. The Company status was changed to a Public Limited Company and the name of the Company was further changed to "Giriraj Civil Developers Limited" on January 22, 2018. Prior to incorporation, Mr. Mahesh Shah, Promoter, was engaged in similar line of work through M/s. Giriraj Enterprises, a sole proprietorship located in Mumbai.
Company Coordinates stock-summary
Company Details
Off No 006/A Wing Ground Floor, Western Edge-2 Borivali (East) Mumbai Maharashtra : 400066
stock-summary
Tel: 91-22-28906356
stock-summary
info@giriraj.biz
Registrar Details
Cameo Corporate Services Ltd , Subramanian Buildings No 1 , Club House Road, Chennai