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B.r.goyal Infrastructure share price & results

B.R.GOYAL INFRASTRUCTURE LIMITED· Construction· Industrials

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Indore-based EPC infrastructure contractor building roads, highways, bridges and buildings, with NHAI toll-collection contracts, RMC manufacturing and residential plotting projects across nine Indian states.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue483 ₹ crore+62.6% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin10.0 %0.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit29.0 ₹ crore+52.6% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable+3.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-4.38 %+6.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+74.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

3 of 6 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.

B.R.GOYAL INFRASTRUCTURE LIMITED management guidance track record on Inve: 13 targets tracked across analysed earnings calls (3 achieved, 3 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue Growth35% to 40% growth on top line (INR700 crores to INR750 crore)
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q4 FY26:Achieved. FY26 revenue grew 61% YoY to INR 820 crores, exceeding the guided range of 35-40% growth and the absolute target of INR 700-750 crores.
Call transcript, Q4 FY26 · 2 Jun 2026		Achieved
Consolidated EBITDA Margin11% to 13% on a consolidated basis
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q4 FY26:Missed. FY26 consolidated EBITDA margin was 9.13%, below the guided range of 11-13%.
Call transcript, Q4 FY26 · 2 Jun 2026		Missed
Revenue GrowthFor FY '27, we are expecting growth in 15% to 20%
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q4 FY26:Revised Up. Management raised the annual growth rate guidance to 20-25% from the previous 15-20%.
Call transcript, Q4 FY26 · 2 Jun 2026		Revised Up

Source: Inve Guidance Tracker for B.R.GOYAL INFRASTRUCTURE LIMITED · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of B.R.GOYAL INFRASTRUCTURE LIMITED's 13 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 10 more targets are in the full ledger.

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Price

₹195 +2.31% · +₹4.4

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +46.7% 1Y

₹100₹150₹200Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q4 FY26 — 2 Jun 2026

1Y: ₹132.95 on 24 Oct 2025 → ₹195. High ₹202.05 (15 Oct 2026), low ₹91.34 (4 Mar 2026).

Previous close
₹190.6
Market cap
₹270 Cr
52-week range
₹91.34 – ₹202.05
One year
+49.43%
Price to earnings (FY ending Mar 2026)
6.00×
Return on equity (FY ending Mar 2026)
17.89%

Overview

Symbol
NSE:BRGIL
Industry
Industrials
Exchange
NSE
Currency
INR

What B.R.GOYAL INFRASTRUCTURE LIMITED does

Based on the company's own presentations, annual report and earnings calls.

B.R.Goyal Infrastructure is an EPC (design, procurement, construction) contractor that executes road, highway, bridge and building projects for government and private clients, and has recently entered wastewater treatment and underground sewage infrastructure, currently on a subcontracting basis. It also operates toll-collection contracts awarded by NHAI, runs a ready-mix-concrete (RMC) manufacturing plant in Indore that sells externally and feeds its own projects, and develops residential plotted townships in Indore under the BRG Hill View brand. Work spans government agencies (NHAI, NHIDCL, MoRTH, PWD, IMC, IDA, MPBDC, MSIDC) and private infrastructure developers across Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Manipur, Mizoram, Rajasthan, Tamil Nadu and Uttar Pradesh.

Segments

  • EPC Contracts
  • Toll Collection Contracts (TCC)
  • RMC Manufacturing
  • Residential Plotting Projects
  • Water Management & Treatment
Ongoing projects
37 (across 9 states)
Completed projects
40+
Toll collection contracts (NHAI)
7
Employee strength
1,100+
Machinery & vehicles fleet
230+ (excavators, pavers, millers, trucks, etc.)
RMC manufacturing capacity
1.80 lakh m³/year (Indore plant, 66% utilisation in FY26)
Founded 2005Headquarters Indore, Madhya Pradesh, IndiaEmployees 1,100 (FY26) Company website

How the price took the results

close before → close after

Q4 FY26
+7.2%
2 Jun
Q2 FY26
−2.1%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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