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Gammon India

509550 BSE
₹1.65

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P/E
Not meaningful: loss-making over the last twelve months
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MCP

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Peer Comparison

Industrials › Construction › Civil Construction

Gammon peer comparison
L&T
₹3,944.4030.37₹5,47,193 Cr4.800.96%15.90%14.60%₹3,00,904 Cr₹20,895 Cr
Rail Vikas Nigam
₹191.2344.37₹39,292 Cr4.060.93%9.02%10.80%₹20,825 Cr₹897 Cr
Cemindia Projects
₹1,310.1037.40₹23,549 Cr6.360.24%27.80%32.80%₹10,205 Cr₹602 Cr
Kalpataru Projects International
₹1,366.1020.52₹22,726 Cr3.000.83%13.70%18.30%₹27,380 Cr₹1,129 Cr
NBCC
₹77.7428.37₹20,666 Cr6.950.20%20.40%29.30%₹12,756 Cr₹766 Cr
IRB Infrastructure Developers
₹16.7921.25₹19,929 Cr0.940.31%4.29%7.47%₹7,686 Cr₹954 Cr
Engineers India
₹300.8521.55₹16,653 Cr5.060.52%23.40%30.40%₹3,878 Cr₹784 Cr
Gammon (this company)
₹1.65——————₹95 Cr−₹1,350 Cr
Median 8 companies₹246.0428.37₹22,726 Cr4.800.52%15.90%18.30%₹11,481 Cr₹841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1117
OscillatorsStrong Bullish117
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
2.59
Bullish
MACD (12,26,9)
−0.75
Bullish
SMA (50)
4.28
Bearish
SMA (200)
6.90
Bearish

As of , the latest day with price data, so these readings are not current.

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+11.31%
3Y−6.50%
1Y+38.24%
TTM+53.23%

Net profit

Net profit growth by window
10YIrregular period
5YLoss widened by ₹375 Cr
3YLoss widened by ₹273 Cr
1YLoss narrowed by ₹22 Cr
TTMLoss widened by ₹279 Cr

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y−100.00%
3YOutflow narrowed by ₹23 Cr
1Y−100.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y+180.06 pp
3Y+157.85 pp
1Y+160.33 pp
TTM+93.09 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,668 Cr
Mar 2018₹727 Cr
Mar 2019₹984 Cr
Mar 2020₹86.00 Cr
Mar 2021₹55.00 Cr
Mar 2022₹28.00 Cr
Mar 2023₹115 Cr
Mar 2024₹72.00 Cr
Mar 2025₹68.00 Cr
Mar 2026₹94.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1,154 Cr
Mar 2018−₹1,599 Cr
Mar 2019−₹1,296 Cr
Mar 2020−₹631 Cr
Mar 2021−₹795 Cr
Mar 2022−₹1,181 Cr
Mar 2023−₹897 Cr
Mar 2024−₹1,969 Cr
Mar 2025−₹1,192 Cr
Mar 2026−₹1,170 Cr

Quarterly Results

₹ Cr
GAMMONIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
−477%
438%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
160%
−157%
41%
−134%
81%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
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 (₹)
−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

₹ Cr
GAMMONIND profit and loss, annual, ₹ crore
Particulars Sep 2014 9mMar 2016 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
−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
−1,180
−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 (₹)
−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

₹ Cr
GAMMONIND balance sheet, annual, ₹ crore
Particulars Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
GAMMONIND cash flow, annual, ₹ crore
Particulars Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

GAMMONIND financial ratios, annual
Particulars Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
2,572
−54
−190
−2,081
Working Capital Days
−14
−79
−307
−2,710
−2,343
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
ROCE %
—
10%
0%
7%
−6%
4%
—
—
—
—
—
—

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Gammon insights

65 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Jun 2026

  • DIIs 61.55%
  • Public 26.87%
  • Promoters 11.54%
  • FIIs 0.04%

Pledge data not available

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Gammon India

What does Gammon India Ltd do?
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…
Where is Gammon India Ltd (GAMMONIND) listed?
Gammon India Ltd trades under code 509550 on the BSE.
Which sector does Gammon India Ltd belong to?
Gammon India Ltd is classified under the Industrials sector, in the Construction industry.

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.

Website gammonindia.com
Face Value ₹2

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