Giriraj Civil Developers Ltd (GIRIRAJ) Share Price & Fundamentals

What we do

Giriraj Civil Developers Ltd specializes in civil construction with a focus on railway and infrastructure projects for government and private sectors, primarily in Maharashtra and Gujarat.

Founded in

2,005

Market share

Significant presence in railway civil construction in Maharashtra and Gujarat sectors with 21 ongoing projects.

Problem solved

Addresses infrastructure development needs, especially railway civil constructions and urban development projects efficiently and safely.

Top clients or who we serve

Government, semi-government bodies like MCGM, MRVC, and private organizations; B2B focus.

Key management

Mr. Krushang Mahesh Shah - Managing Director; Mr. Prasham Nitin Shah - Executive Director.

Our journey and innovations

Founded in 2005, became public in 2018; executed multiple railway and civil projects; formed joint ventures to expand capabilities.

Where we operate

Mainly Maharashtra and Gujarat, India.

Top products or what we offer

Civil construction projects including railway stations, foot over bridges, roads, and community infrastructure; trading in steel and cement.

Top brands

No specific product brands; known for turnkey civil construction and railway infrastructure projects.

Raw materials needed

Steel, cement, and other construction materials.

Raw materials supplier

Various suppliers in construction materials; details unspecified.

Recurring vs cyclical contribution

Revenue depends on project tenders hence largely cyclical, tied to infrastructure project cycles.

Our industry position

Established player in railway civil construction in western India with growing project portfolio.

Financial highlights

FY 2024 revenue Rs. 174.33 Cr; Net Profit Rs. 10.12 Cr; steady revenue and profit growth year-on-year.

Geographical revenue split

Primarily Maharashtra and Gujarat states, India.

Order book

21 ongoing projects across railway and infrastructure sectors.

Whats driving growth

Government infrastructure spending, expanded project portfolio, and strategic joint ventures.

Our future plans

Focus on operational efficiency, expanding high-value product sales and customer base.

Our green promise

-

Our people and values

Small executive-led board emphasizing efficiency and ethical governance with a culture of quality and safety.

Key challenges ahead

Competition in tender-based projects and regulatory compliance risks.

Interesting facts

Started from a sole proprietorship in 2005 and went public in 2018; strong joint venture tie-ups.

Risks and strategy

Mitigates project risks via quality assurance and compliance; focusing on expanding market presence and operational controls.