Gammon
Gammon
IndustrialsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Debtor days have improved from 179 to 117 days.
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.6% over past five years.
- Promoter holding is low: 11.6%
- Contingent liabilities of Rs.871 Cr.
- Promoters have pledged 84.8% of their holding.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15 | 17 | 15 | 25 | 7 | 7 | 5 | 49 | 1 | 11 | 2 | 80 | 2 |
| Expenses | 32 | 74 | -53 | 604 | 42 | -24 | 141 | -29 | 4 | 6 | 4 | 15 | 25 |
| Operating Profit | -17 | -57 | 69 | -580 | -35 | 31 | -136 | 78 | -2 | 4 | -2 | 65 | -23 |
| OPM % | -115% | -334% | 448% | -2358% | -477% | 438% | -2735% | 160% | -157% | 41% | -134% | 81% | -1053% |
| Other Income | -14 | 1 | 52 | 94 | 7 | 92 | -91 | 26 | 127 | 6 | 3 | -27 | 1 |
| Interest | 276 | 286 | 293 | 275 | 288 | 296 | 304 | 306 | 318 | 327 | 346 | 341 | 349 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| PBT | -307 | -343 | -173 | -761 | -316 | -174 | -532 | -203 | -194 | -317 | -346 | -303 | -372 |
| Tax % | 0% | 0% | 0% | 51% | 0% | 0% | 0% | -16% | 0% | 0% | 0% | 4% | 0% |
| Net Profit | -307 | -343 | -173 | -1,146 | -316 | -174 | -532 | -171 | -194 | -317 | -346 | -314 | -373 |
| EPS in Rs | -8.12 | -8.08 | -4.59 | -31.31 | -8.55 | -4.69 | -14.39 | -4.44 | -5.23 | -8.59 | -9.36 | -8.46 | -10.02 |
Profit & Loss
| Particulars | Sep 2014 9m | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,843 | 7,982 | 1,668 | 727 | 984 | 86 | 55 | 28 | 115 | 72 | 68 | 94 | 95 |
| Expenses | 3,649 | 6,611 | 1,668 | 603 | 1,155 | 147 | 115 | 344 | 217 | 655 | 130 | 29 | 51 |
| Operating Profit | 193 | 1,371 | 0 | 123 | -170 | -60 | -61 | -316 | -102 | -584 | -62 | 65 | 44 |
| OPM % | 5% | 17% | 0% | 17% | -17% | -70% | -111% | -1136% | -88% | -814% | -91% | 69% | 46% |
| Other Income | 9 | 40 | -171 | -896 | -417 | 136 | 28 | 14 | 163 | 133 | 34 | 109 | -17 |
| Interest | 699 | 1,757 | 875 | 786 | 687 | 695 | 753 | 873 | 967 | 1,130 | 1,194 | 1,332 | 1,363 |
| Depreciation | 275 | 378 | 90 | 46 | 13 | 11 | 9 | 4 | 2 | 2 | 2 | 2 | 2 |
| PBT | -772 | -723 | -1,137 | -1,605 | -1,288 | -631 | -795 | -1,179 | -908 | -1,583 | -1,224 | -1,159 | -1,338 |
| Tax % | -2% | 22% | 1% | 0% | 1% | 0% | 0% | 0% | -1% | 24% | -3% | 1% | — |
| Net Profit | -760 | -884 | -1,154 | -1,599 | -1,296 | -631 | -795 | -1,181 | -897 | -1,969 | -1,192 | -1,170 | -1,349 |
| EPS in Rs | -53.4 | -21.32 | -29.4 | -41.98 | -32.74 | -17.04 | -21.15 | -31.6 | -25.07 | -53.18 | -32.07 | -31.65 | -36.43 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 73 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 |
| Reserves | -352 | 147 | -474 | -2,241 | -3,449 | -4,386 | -5,248 | -6,571 | -8,242 | -10,355 | -11,608 | -13,166 |
| Borrowings | 11,061 | 9,477 | 8,149 | 5,750 | 5,329 | 5,430 | 572 | 572 | 256 | 100 | 76 | 68 |
| Other Liabilities | 8,451 | 4,930 | 3,985 | 2,225 | 2,611 | 3,300 | 8,802 | 9,664 | 10,738 | 11,414 | 12,578 | 14,164 |
| Total Liabilities | 19,188 | 14,627 | 11,734 | 5,809 | 4,564 | 4,419 | 4,199 | 3,739 | 2,827 | 1,233 | 1,119 | 1,140 |
| Fixed Assets | 7,393 | 4,132 | 3,248 | 607 | 444 | 430 | 419 | 413 | 406 | 405 | 403 | 402 |
| CWIP | 2,675 | 611 | 829 | 10 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 804 | 470 | 1,121 | 1,204 | 855 | 752 | 764 | 578 | 134 | 20 | 31 | 18 |
| Other Assets | 8,315 | 9,414 | 6,536 | 3,988 | 3,262 | 3,235 | 3,017 | 2,748 | 2,287 | 808 | 685 | 721 |
| Total Assets | 19,188 | 14,627 | 11,734 | 5,809 | 4,564 | 4,419 | 4,199 | 3,739 | 2,827 | 1,233 | 1,119 | 1,140 |
Cash Flow
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 186 | 2,080 | 169 | 210 | 363 | -9 | 8 | -2 | -23 | -1 | 23 | 0 |
| Investing | -217 | -246 | -31 | 71 | 130 | 6 | 7 | 0 | 12 | -1 | 2 | 20 |
| Financing | 96 | -1,830 | -283 | -353 | -520 | 1 | -10 | 1 | 12 | 0 | -25 | -17 |
| Net Cash Flow | 66 | 4 | -145 | -72 | -27 | -2 | 4 | -1 | 1 | -2 | 0 | 3 |
| Free Cash Flow | -32 | 1,797 | -34 | 197 | 377 | -5 | 12 | 1 | -21 | -1 | 23 | 0 |
| CFO/OP | 242 | 159 | -46,060 | 184 | -219 | 11 | -8 | 0 | 24 | 0 | -40 | 16 |
Ratios
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 131 | 34 | 110 | 100 | 58 | 234 | 366 | 726 | 99 | 166 | 255 | 117 |
| Inventory Days | 880 | 454 | 1,967 | 2,698 | 2,551 | 16,126 | 22,211 | 27,938 | 3,545 | 495 | 33 | 294 |
| Days Payable | 396 | 174 | 316 | 374 | 656 | 3,214 | 4,722 | 5,642 | 1,071 | 715 | 478 | 2,492 |
| Cash Conversion Cycle | 615 | 314 | 1,760 | 2,423 | 1,953 | 13,146 | 17,855 | 23,022 | 2,572 | -54 | -190 | -2,081 |
| Working Capital Days | -14 | -79 | -307 | -2,710 | -2,343 | -30,359 | -53,594 | -1,16,472 | -31,778 | -57,691 | -67,520 | -54,741 |
| ROCE % | — | 10% | 0% | 7% | -6% | 4% | — | — | — | — | — | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Gammon insights
64 extracted metrics + investor summaries across FY06–FY26.
Documents
Frequently Asked Questions about Gammon
What does Gammon India Ltd do?
Where is Gammon India Ltd (GAMMONIND) listed?
Which sector does Gammon India Ltd belong to?
Company Information
Gammon India is one of the largest infrastructure companies in India with several multifarious civil engineering projects to its credit. Broadly, its specific segments of specialisation in infrastructure are transportation, power projects, transmission & distribution, structural designs, irrigation projects, ground engineering & water supply. Having established its leadership in construction and turnkey projects, it is also accredited with expertise in roads, flyovers and bridges. Besides its large scale of operations in the Construction and Infrastructure domain, Gammon has a dominant presence in energy business in which it operates in the hydro, nuclear and thermal power segments- having Indias first second generation nuclear power plant in Kalapakkam to its credit. Gammons projects cover businesses and projects involving highways, public utilities, environmental engineering and marine structures. Gammons expertise also covers the design, ?nancing, construction and operation of modern bridges, ports, harbours, thermal & nuclear power stations, viaducts, dams, high-rise structures, chemical & fertiliser complexes and metro rail, both on a Built-OperateTransfer (BOT) basis as well as contract execution.(Source : 202103 Annual Report Page No:66)
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/GAMMONIND.md for Gammon India Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.