Giriraj

Mumbai, India Founded: 2005 • Age: 21 yrs Listed
Provider of general contractor services
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About Giriraj

Giriraj is a publicly listed company based in Mumbai (India) founded in 2005 by Mamta Shah and Mahesh Shah. Provider of general contractor services. The company has 15 employees. Its Indian entity Giriraj Civil Developers Limited reported revenue of ₹311 Cr. Giriraj offers products and services including Railway Station Building, Road Over Bridge, Foot Over Bridge, and Earthworks. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Similar companies include Godrej Properties, Nagarjuna Construction Company and DLF India.

Company details

Giriraj Civil Developers Limited is a leading contractor in India, providing services in civil construction, with a focus on quality and experienced leadership. The company has a strong track record and is committed to delivering excellent results. Its leadership team has a deep understanding of the construction industry and has been instrumental in shaping the companys success.

  • Headquarters Mumbai, India
  • Employees 15
  • Founders Mamta Shah, Mahesh Shah
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website giriraj.co
  • Legal Name Giriraj Civil Developers Ltd.
Operational Areas
Real Estate & Construction → Real Estate Developers & Builders
Key Metrics
  • Market Cap
    ₹125 Cr

    GIRIRAJ-SM · NSE

  • Revenue
    ₹309 Cr

    FY 2025-26 · -1.7% YoY

  • EBITDA
    ₹23.95 Cr

    Margin 7.8%

  • Net Profit
    ₹15.11 Cr

    FY 2025-26 · -15.5% YoY

  • P/E (TTM)
    8.7x

    P/B 0.9x

  • Employee Count
    15

Products & Services of Giriraj

Giriraj offers a comprehensive portfolio of products and services, including Railway Station Building, Road Over Bridge, Foot Over Bridge, and Earthworks.

Railway Station Building
Construction Service

Service for constructing railway stations and related infrastructure

Road Over Bridge
Construction Service

Service for building bridges over roads for connectivity

Foot Over Bridge
Construction Service

Service for pedestrian bridges to enhance safety

Earthworks
Construction Service

Service for land preparation and excavation in projects

Board of directors of Giriraj Civil Developers Limited (Giriraj)

Giriraj Civil Developers Limited is the primary company behind Giriraj. The board of Giriraj Civil Developers Limited currently have 6 directors; the longest-serving is Krushang Mahesh Shah, appointed in 2017. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Krushang Mahesh Shah
DIN 07198525
Managing Director05 Apr 20179 yrs 7 moGiriraj Civil Developers Limited
Prasham Nitin Shah
DIN 09540340
Director19 Mar 20224 yrs 7 moGiriraj Civil Developers Limited
Tina Jeevan Dass
DIN 09540374
Director19 Mar 20224 yrs 7 moGiriraj Civil Developers Limited
Rohan Vilas Jadhav
DIN 11016318
Additional Director05 May 20251 yr 6 moGiriraj Civil Developers Limited
Bhumika Atul Dedhia
DIN 11205952
Director23 Jul 20251 yr 3 moGiriraj Civil Developers Limited
Nilesh Mishra
DIN 09165699
Additional Director10 Jun 20265 moGiriraj Civil Developers Limited

People of Giriraj

2 people are tracked at Giriraj (2 in leadership); the tracked headcount is 15.

NameRoleGroup
Mamta Shah
Co-Founder & DirectorLeadership
Mahesh Shah
Co-Founder & MDLeadership
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Complete people profiles for Giriraj

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IPO & Listings of Giriraj

Giriraj is a publicly listed company on the NSE with ticker symbol GIRIRAJ in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date02 Apr 2018
  • Listed onNSE: GIRIRAJ
  • Listed entityGiriraj Civil Developers Ltd.
  • Exchange sectorIndustrial services
  • ISININE614Z01017
  • Share price₹47.90 (-4.39% on the day) · 2026-10-14
  • Market capitalisation₹120 Cr
  • Price to earnings7.6
  • EPS (diluted, trailing year)₹6.31
  • Volume (last session)1,750

Financials of Giriraj

Exchange-reported figures of Giriraj Civil Developers Limited, the listed company behind Giriraj (NSE: GIRIRAJ-SM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹309 Cr
-1.7% YoY
EBITDA
₹23.95 Cr
-5.5% YoY
Profit After Tax
₹15.11 Cr
-15.5% YoY
Net Worth
₹146 Cr
+11.5% YoY
Total Assets
₹175 Cr
-20.3% YoY
Total Debt
₹22.45 Cr
-15.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue309314174126
Revenue growth-1.7%+80.3%+37.9%-
EBITDA23.9525.3415.768.44
EBITDA margin+7.8%+8.1%+9.0%+6.7%
Profit before tax20.4724.6213.436.40
Net profit15.1117.8810.134.52
Net profit margin+4.9%+5.7%+5.8%+3.6%
EPS (₹)6.317.484.2311.14
Balance sheet
Total assets17521912783.45
Net worth14613111360.33
Total debt22.4526.459.9921.50
Cash & bank2.7314.157.9617.83
Net working capital12313168.1860.62
Cash flow
Cash from operations(14.01)(6.51)(39.47)1.31
Cash from investing7.532.33(0.49)(7.82)
Cash from financing0.804.0530.1023.35
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue29629513595.1383.0863.5724.44
Revenue growth+0.5%+118.8%+41.6%+14.5%+30.7%+160.1%-
EBITDA23.8024.6614.487.326.065.202.57
EBITDA margin+8.0%+8.4%+10.8%+7.7%+7.3%+8.2%+10.5%
Profit before tax20.3824.3313.175.905.023.621.37
Net profit15.1017.258.853.943.612.860.91
Net profit margin+5.1%+5.9%+6.6%+4.1%+4.4%+4.5%+3.7%
EPS (₹)6.317.484.2311.1411.698.233.19
Balance sheet
Total assets17220712681.8357.9746.6946.07
Net worth14613111360.3334.1529.7926.54
Total debt21.6717.4010.0719.8817.8814.7517.80
Cash & bank1.997.687.8014.782.732.401.38
Net working capital12011759.0851.2023.4214.9735.45
Cash flow
Cash from operations(14.01)(6.51)(27.91)(23.06)(5.30)28.85(1.06)
Cash from investing7.532.33(9.37)13.533.68(23.94)1.79
Cash from financing0.804.0530.3121.581.95(3.89)(1.63)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 15 Nov 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue309314174126
Revenue growth-1.7%+80.3%+37.9%-
Other income1.604.181.660.56
Total expenses285289159118
Employee cost0.008.596.353.12
EBITDA23.9525.3415.768.44
EBITDA margin+7.8%+8.1%+9.0%+6.7%
Depreciation1.531.451.120.48
Interest3.553.452.872.12
Profit before tax20.4724.6213.436.40
Tax5.366.743.301.88
Net profit15.1117.8810.134.52
Net profit margin+4.9%+5.7%+5.8%+3.6%
EPS (₹)6.317.484.2311.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital23.9223.9223.924.04
Reserves & surplus12210789.3356.29
Shareholders' funds (net worth)14613111360.33
Minority interest0.000.000.000.00
Secured loans8.5312.442.655.48
Unsecured loans13.9214.017.3416.02
Total debt22.4526.459.9921.50
Total liabilities17521912783.45
Assets
Gross block15.6216.5612.6510.51
Net block10.9512.109.648.63
Capital work in progress0.000.000.000.00
Investments0.000.000.000.00
Inventories65.4870.0342.8836.30
Sundry debtors85.8066.0636.8416.21
Cash & bank balances2.7314.157.9617.83
Loans & advances44.9065.3631.2823.64
Total current assets19921611993.98
Total current liabilities75.9284.7750.7833.36
Net working capital12313168.1860.62
Total assets17521912783.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash7.687.8017.830.99
Net cash from operating activities(14.01)(6.51)(39.47)1.31
Net cash from investing activities7.532.33(0.49)(7.82)
Net cash from financing activities0.804.0530.1023.35
Net change in cash(5.69)(0.13)(9.87)16.84
Closing cash2.7314.157.9617.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth-1.7%+80.3%+37.9%-
EBITDA growth-5.5%+60.8%+86.7%-
PBT growth-16.9%+83.3%+109.8%+9997.0%
Net income growth-15.5%+76.5%+124.1%-
Revenue CAGR (3Y)+34.7%---
EBITDA CAGR (3Y)+41.6%---
Profitability & leverage
Net income margin+4.9%+5.7%+5.8%+3.6%
Return on capital employed-+16.2%+15.5%+10.2%
Return on net worth-+14.6%+11.7%+7.5%
Debt / equity-0.140.180.36
Long-term debt / equity-0.000.000.00
Interest cover15.8314.4419.6026.63
Efficiency & per share
Fixed asset turnover-21.5215.0512.03
Inventory turnover-5.574.403.48
Debtors turnover-6.116.577.80
EPS (₹)6.317.484.2311.14
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)0.0054.8247.34149.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue29629513595.1383.0863.5724.44
Revenue growth+0.5%+118.8%+41.6%+14.5%+30.7%+160.1%-
Other income1.584.412.471.170.790.330.95
Total expenses27227012087.8177.0258.3721.87
Employee cost0.008.586.353.120.670.711.00
EBITDA23.8024.6614.487.326.065.202.57
EBITDA margin+8.0%+8.4%+10.8%+7.7%+7.3%+8.2%+10.5%
Depreciation1.531.451.120.480.080.080.10
Interest3.473.292.662.111.751.832.05
Profit before tax20.3824.3313.175.905.023.621.37
Tax5.286.443.051.411.230.960.33
Net profit15.1017.258.853.943.612.860.91
Net profit margin+5.1%+5.9%+6.6%+4.1%+4.4%+4.5%+3.7%
EPS (₹)6.317.484.2311.1411.698.233.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.9223.9223.924.043.243.243.24
Reserves & surplus12210789.3356.2930.9126.5523.30
Shareholders' funds (net worth)14613111360.3334.1529.7926.54
Secured loans8.5312.442.655.486.9910.5711.00
Unsecured loans13.144.967.4214.4010.894.186.80
Total debt21.6717.4010.0719.8817.8814.7517.80
Total liabilities17220712681.8357.9746.6946.07
Assets
Gross block15.6216.5612.6510.512.191.901.90
Net block10.9512.109.658.630.790.580.65
Capital work in progress0.000.000.000.000.000.000.00
Investments2.479.2311.691.9922.7325.960.86
Inventories65.4870.0342.8836.2626.3618.4214.50
Sundry debtors84.7466.6533.0417.809.7417.3014.30
Cash & bank balances1.997.687.8014.782.732.401.38
Loans & advances41.5856.1218.4611.8710.886.5016.60
Total current assets19420010280.7149.7144.6246.78
Total current liabilities74.2183.2943.1029.5126.2929.6511.33
Net working capital12011759.0851.2023.4214.9735.45
Total assets17220712681.8357.9746.6946.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7.687.8014.782.732.401.382.28
Net cash from operating activities(14.01)(6.51)(27.91)(23.06)(5.30)28.85(1.06)
Net cash from investing activities7.532.33(9.37)13.533.68(23.94)1.79
Net cash from financing activities0.804.0530.3121.581.95(3.89)(1.63)
Net change in cash(5.69)(0.13)(6.98)12.050.331.02(0.89)
Closing cash1.997.687.8014.782.732.401.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.5%+118.8%+41.6%+14.5%+30.7%+160.1%-
EBITDA growth-3.5%+70.3%+97.8%+20.8%+16.5%+102.3%-
PBT growth-16.2%+84.7%+123.2%+17.5%+38.7%+164.2%-56.4%
Net income growth-12.5%+94.9%+124.6%+9.1%+26.2%+214.3%-
Revenue CAGR (3Y)+46.0%+52.5%+28.4%+57.3%+23.8%+4.6%-18.3%
EBITDA CAGR (3Y)+48.2%+59.7%+40.7%+41.8%+5.3%-0.4%-41.3%
Profitability & leverage
Net income margin+5.1%+6.1%+7.5%+4.7%+4.6%+4.2%+4.3%
Return on capital employed-+16.6%+15.2%+10.4%+12.9%+11.8%+7.2%
Return on net worth-+14.6%+11.7%+8.4%+11.9%+9.5%+3.5%
Debt / equity-0.110.170.400.510.580.70
Long-term debt / equity-0.010.010.000.000.010.04
Interest cover15.5814.1719.9130.8529.2635.7483.00
Efficiency & per share
Fixed asset turnover-20.1811.6314.9846.2937.6713.99
Inventory turnover-5.223.403.044.234.351.68
Debtors turnover-5.915.306.917.004.531.68
EPS (₹)6.317.484.2311.1411.698.233.19
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0054.8247.34149.20105.2891.8481.82

Similar companies to Giriraj

Giriraj has 3 listed similar companies in our database. They include Godrej Properties, Nagarjuna Construction Company and DLF India.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Godrej Properties
godrejproperties.com1990Mumbai, India408
Residential and commercial properties are developed by Godrej Properties.
Nagarjuna Construction Company
ncclimited.com1978Hyderabad, India31,392
Commercial property development services are provided in India.
DLF India
dlf.in1947Gurugram, India132
Provider of property and real estate development services
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Web traffic of Giriraj

The website of Giriraj (giriraj.co) receives about 2.8K visits a month.

  • Monthly visits
    2.8K

    ▲ 22.5% vs previous month

Similar websites

Websites whose visitors overlap most with Giriraj. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
MaRS Consultancy
marsconsultancy.com
100%
#8,654,716View details

Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Giriraj (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Isprava
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 217.13 MUSD 55.39 M1,046
Godrej Properties
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Oberoi Realty
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,322
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Related news about Giriraj

Giriraj Civil Developers Says Ravindra Shamarao Sangam Resigns As CEO
Reuters • 11 months ago
Giriraj Civil Developers Awarded New Contracts Worth 1.81 Billion Rupees
Reuters • 2 years ago
Giriraj Civil Developers Approved Issuance Of Shares On Private Placement Basis Upto 432.2 Million Rupees
Reuters • 3 years ago
Giriraj Civil Developers Gets Order Worth About 299.2 Million Rupees
Reuters • 3 years ago
Giriraj Civil Developers Gets New Contracts Worth 1.34 Billion Rupees
Reuters • 3 years ago
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Frequently Asked Questions about Giriraj

Giriraj was founded in 2005.

Giriraj is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Giriraj has 15 employees.

The primary company behind Giriraj, Giriraj Civil Developers Limited, reported revenue of ₹311 Cr for FY 2026, down 2% year on year.

Giriraj Civil Developers Limited is a leading contractor in India, providing services in civil construction, with a focus on quality and experienced leadership. The company has a strong track record and is committed to delivering excellent results. Its leadership team has a deep understanding of the construction industry and has been instrumental in shaping the companys success.

Giriraj's top competitors include Godrej Properties, Nagarjuna Construction Company and DLF India.

Giriraj offers Railway Station Building, Road Over Bridge, Foot Over Bridge, and Earthworks.

Yes, Giriraj is publicly traded on NSE under the ticker symbol GIRIRAJ.

Giriraj operates through Giriraj Civil Developers Limited.

The legal entities of Giriraj currently have 8 directors, including Krushang Mahesh Shah, Prasham Nitin Shah, Tina Jeevan Dass and others.

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