GPT Infraprojects Limited (GPTINFRA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+211.5%

₹356.07

vs ₹114.31 price

Levered DCF

₹155.45

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	12.57×	18.35×	16.91×	8.16×	8.98×	5.26×	2.8×	12.38×
P/B	2.03×	2.81×	3.23×	0.92×	0.85×	0.44×	0.19×	0.68×
P/S	0.95×	1.24×	0.96×	0.32×	0.32×	0.18×	0.07×	0.26×
EV / EBITDA	8.48×	11.16×	9.55×	5.45×	5.43×	4.3×	3.43×	5.25×
Gross margin	27.5%	33.2%	28.7%	29.1%	16.8%	27.6%	28.8%	26.2%
Operating margin	11.5%	28.0%	21.9%	8.6%	9.8%	10.6%	9.3%	7.1%
Net margin	7.5%	6.7%	5.7%	3.9%	3.6%	3.3%	2.4%	2.1%
Current ratio	1.59×	1.92×	1.43×	1.3×	1.41×	1.23×	1.14×	1.01×
Debt / equity	0.49×	0.25×	0.64×	0.91×	1.02×	1.12×	1.1×	1.21×
Interest coverage	4.54×	12.85×	6.81×	1.86×	1.7×	1.64×	1.38×	0.96×
Dividend yield	2.8%	2.1%	2.1%	4.0%	3.3%	8.2%	0.0%	4.0%
Payout ratio	35.4%	38.8%	35.2%	32.4%	29.9%	43.1%	0.0%	49.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.1%	15.3%	19.1%	11.3%	9.5%	8.4%	6.7%	5.5%
Return on invested capital	11.3%	36.4%	30.1%	9.8%	8.4%	8.0%	7.7%	7.4%
Return on assets	7.1%	8.5%	7.9%	4.0%	3.4%	2.8%	2.1%	1.7%
Free cash flow yield	-1.5%	-2.2%	9.9%	24.1%	27.0%	16.5%	118.0%	34.3%
Earnings yield	8.0%	5.4%	5.9%	12.3%	11.2%	19.0%	35.8%	8.1%
Enterprise value	₹14.8B	₹15.9B	₹11.7B	₹5B	₹4.8B	₹3.7B	₹2.9B	₹4B
Net debt / EBITDA	1.46×	0.82×	1.54×	2.67×	2.94×	3.08×	2.93×	3.33×
Cash conversion cycle (days)	116	112	104	132	184	187	152	146