Company Overview

BRG Infra Limited is an infrastructure development company with expertise in EPC contracts (roads, highways, bridges, buildings, water infrastructure), asset-lite toll collection model, RMC manufacturing, and residential plotting projects. The company has completed 40+ projects and has 34 ongoing projects across 10 states: Madhya Pradesh, Chhattisgarh, Gujarat, Rajasthan, Maharashtra, Manipur, Mizoram, Tamil Nadu, Uttar Pradesh, and Telangana.

Financial Performance - H1FY27

Income Statement Highlights (₹ crore):

  • Operational Revenue: ₹549.71 (60.67% YoY growth from H1FY26 ₹342.13)
  • Other Income: ₹1.67
  • Total Income: ₹551.38 (60.43% YoY growth)
  • EBITDA: ₹35.06 (27.63% YoY growth)
  • EBITDA Margin: 6.38% (165 bps decline from H1FY26 8.03%)
  • Finance Costs: ₹4.33
  • Depreciation: ₹4.28
  • PBT: ₹27.58 (24.29% YoY growth)
  • Tax: ₹5.46
  • PAT: ₹22.12 (37.82% YoY growth)
  • PAT Margin: 4.02% (67 bps decline)
  • Basic EPS: ₹9.04

Annual Comparison (₹ crore):

FY26 Performance:

  • Revenue: ₹824.59
  • EBITDA: ₹74.93
  • PAT: ₹44.92
  • ROE: 18.00%
  • ROCE: 20.00%

Balance Sheet Position (as of 30 September 2026)

Total Assets: ₹476.87 crore

  • Non-Current Assets: ₹163.15 crore (Property Plant & Equipment: ₹101.1 crore, Capital work-in-progress: ₹11.77 crore)
  • Current Assets: ₹313.72 crore (Inventories: ₹123.48 crore, Cash & Cash equivalents: ₹33.07 crore, Trade receivables: ₹51.47 crore)

Equity & Liabilities:

  • Shareholders Funds: ₹298.82 crore (Equity Share Capital: ₹23.82 crore, Other Equity: ₹271.17 crore)
  • Money Received against share warrants: ₹3.27 crore
  • Non-Current Liabilities: ₹88.76 crore (Borrowings: ₹31.01 crore)
  • Current Liabilities: ₹89.30 crore (Borrowings: ₹49.42 crore)

Order Book Status (as of 30 September 2026)

Total Order Book: ₹3,387.53 crore

  • Work Executed/abandoned till 30.09.2026: ₹1,632.47 crore
  • Remaining Work to be Executed: ₹1,755.06 crore

Breakdown by Segment:

  • EPC Roads: ₹589.03 crore remaining
  • EPC Building: ₹72.00 crore remaining
  • EPC Waste Infrastructure: ₹132.03 crore remaining
  • TCC Toll: ₹962.00 crore remaining

Business Verticals Performance

Ready Mix Concrete (RMC) Manufacturing:

  • Capacity: 1.80 lakh m³/year
  • Utilization Rate: 70% in H1FY27 (improving from 66% in FY26)
  • Production used in Outside Sale/Captive Consumption trend: FY23: 63%, FY24: 60%, FY25: 64%, FY26: 66%, H1FY27: 70%

Residential Plotting Projects:

  • Operating across 2 projects: BRG Hill View I & II in Indore
  • Developed area: 2.40 lakh sq ft
  • Ample land available across MP & Maharashtra for future planning

Toll Collection Contracts:

  • Asset-lite toll collection model
  • Significant order book of ₹962 crore remaining

Industry Context and Growth Drivers

Government infrastructure capex budgeted at ₹12.2 lakh crore in FY27, with continued focus on roads, logistics, urban infrastructure, railways, and multimodal connectivity. National Highway Network expanded from 91,287 km (FY14) to 1,46,204 km (FY25). NHAI constructed 5,313 km of highways during FY26 with capital expenditure of ₹2.44 lakh crore.

Future Strategy and Outlook

  • Plans to explore new geographical areas with strong infrastructure potential
  • Target growth of 20-25% CAGR for next 5 years
  • Targeting large-scale PPP projects
  • Maintaining strong and disciplined balance sheet
  • Leveraging AI and technology for operational efficiency
  • Elevating brand visibility and exploring inorganic growth opportunities
  • Plans to invest in PPP Model and waste water treatment segments

Management and Contact Information

Company Secretary and Compliance Officer: Ritika Jhala (M. No.: A73846)

Investor Relations Contacts: Dasharath Tomar, Smit Patel, Tejaswee Gaonkar

Website and Additional Information

The presentation is available on the Company's website: www.brginfra.com