There is no single universally accepted “fair value” for G R Infraprojects (GR INFRA). Different models and research houses are currently giving very different numbers:

1. Intrinsic-value model websites (DCF / composite models)

- GuruFocus (GF Value model):

- Indicates a fair value around ₹1,125–₹1,150/share (exact recent estimate ~₹1,128), with the stock tagged as “modestly undervalued” versus a price around ₹925 at that time. (gurufocus.com)

- Simply Wall St (DCF-based future cash flow value):

- Shows GRINFRA trading above their estimate of fair value, with recent data showing price ~₹904 vs DCF fair value ~₹529/share. (simplywall.st)

2. Sell-side broker / analyst targets (used as a practical proxy for fair value)

Recent published 12–18 month target prices (not recommendations here, just data points) include:

- Axis Securities: Targets in the ₹1,540–₹1,580 range, valuing EPC business at about 10.5–11.5× FY27E EPS plus 1× book value for HAM/BOT/transmission assets. (simplehai.axisdirect.in)

- Motilal Oswal: Target around ₹1,500/share. (moneycontrol.com)

- ICICI Securities: More conservative recent update with target about ₹1,310/share, noting the stock was then trading at roughly 6× FY27E earnings (adjusted for HAM and InvIT value). (moneycontrol.com)

- Consensus (Simply Wall St analyst summary): Latest table shows an average 1‑year target ~₹1,330/share, with a range of roughly ₹960–₹1,690, based on c. 12 analysts. (simplywall.st)

3. Takeaways for “fair value”

- Model-based sites disagree sharply: one DCF puts fair value near ₹530, another composite model around ₹1,130.

- Street research is generally more positive: most broker targets cluster roughly in the ₹1,300–₹1,580 zone.

- The true fair value for you depends on your own assumptions about:

- Growth in order book and execution,

- Margin profile and working-capital cycle,

- Risk you assign to HAM/BOT/InvIT cash flows and any diversification beyond roads.

I do not have live NSE/BSE price feeds in this interface, so all comparisons above are versus prices quoted in those specific reports/websites, not against today’s exact market price. Please check your broker terminal or NSE/BSE website for the latest quote before making any decision.

Important: All figures above are illustrative reference points, not investment advice or a recommendation to buy/sell. Fair value is an estimate and can differ widely across models and analysts.

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