---
title: "Garuda Construction and Engineering Ltd (GARUDA) — Share Price, Financials & Analysis"
symbol: "GARUDA"
company: "Garuda Construction and Engineering Ltd"
canonical: "https://tapetide.com/stocks/GARUDA"
isin: "INE0JVO01026"
nse_symbol: "GARUDA"
bse_code: "544271"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 1638.84
generated_at: "2026-09-13T18:57:54.390Z"
---

# Garuda Construction and Engineering Ltd (GARUDA)

Canonical page: https://tapetide.com/stocks/GARUDA

## Company

- **NSE Symbol:** GARUDA
- **BSE Code:** 544271
- **ISIN:** INE0JVO01026
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-10-15
- **CEO:** Mr. Pravin Kumar Brijendra Kumar Agarwal
- **Employees:** 102
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** garudaconstructionengineering.com

## About

Incorporated in 2010, Garuda Construction provides end-to-end civil construction for residential, commercial, residential cum
commercial, infrastructure, and industrial projects.[1]

## Latest Price

- **Price:** ₹181.9
- **Change:** +2.61 (+1.46%)
- **Open:** ₹178.4
- **Day High:** ₹183.7
- **Day Low:** ₹175.25
- **Previous Close:** ₹179.29
- **Volume:** 747410
- **As Of:** 2026-09-11T10:28:35+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:21.833478Z.

- **Market Cap:** ₹1638.84 Cr
- **Classification:** Microcap
- **P/E (reported):** 12.3
- **P/E (TTM):** 12.43
- **EPS (TTM):** ₹14.63
- **Book Value:** ₹48.82
- **Price to Book:** 3.68
- **Dividend Yield:** 0.02%
- **ROE:** 14.98%
- **ROCE:** 20.41%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹530.72 Cr
- **Net Income:** ₹122.4 Cr
- **EBITDA:** ₹163.92 Cr
- **52-Week High:** ₹249.3
- **52-Week Low:** ₹130
- **RSI (14):** 49.77

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 85.41 | 9% |
| growth | 98.9 | 9% |
| momentum | 41.88 | 12% |
| ownership | 34.38 | 24% |
| quality | 75.02 | 22% |
| valuation | 65 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 60.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%
- Debtor days have improved from 292 to 165 days.

### Weaknesses

- Company has high debtors of 165 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -669.62% | — | -827.76% |
| ebitda margin growth | 18.49% | 2.27% | — | — |
| net income growth | 20.64% | 145.78% | 44% | 60% |
| revenue growth | 18.17% | 133.39% | 49% | 49% |
| roce | 18.63% | — | — | — |
| roe | 20.76% | — | — | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 21 | 58 | 60 | 35 | 47 | 62 | 81 | 125 | 116 | 140 | 149 | 175 |
| Expenses | 14 | 39 | 41 | 23 | 33 | 45 | 57 | 89 | 82 | 95 | 101 | 119 |
| Operating Profit | 7 | 19 | 19 | 12 | 13 | 17 | 24 | 36 | 34 | 45 | 48 | 56 |
| OPM % | 33 | 32 | 32 | 33 | 29 | 28 | 30 | 29 | 30 | 32 | 32 | 32 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 2 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 18 | 19 | 12 | 14 | 17 | 24 | 37 | 36 | 44 | 47 | 56 |
| Tax % | 25 | 25 | 29 | 25 | 25 | 25 | 26 | 25 | 25 | 25 | 26 | 25 |
| Net Profit | 5 | 14 | 14 | 9 | 10 | 13 | 18 | 28 | 27 | 33 | 34 | 42 |
| EPS in Rs | 0.69 | 1.85 | 1.84 | 1.16 | 1.37 | 1.38 | 1.94 | 3.01 | 2.92 | 3.54 | 3.7 | 4.47 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 124 | 72 | 77 | 161 | 154 | 225 | 531 | 581 |
| Expenses | 120 | 57 | 50 | 105 | 104 | 159 | 367 | 397 |
| Operating Profit | 4 | 15 | 27 | 56 | 50 | 66 | 164 | 184 |
| OPM % | 3.4 | 21 | 35 | 35 | 32 | 30 | 31 | 32 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 2 | 3 | 2 |
| Interest | 3 | 2 | 2 | 0 | 0 | 1 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 12 | 25 | 55 | 50 | 67 | 164 | 183 |
| Tax % | 26 | 24 | 24 | 26 | 27 | 25 | 25 | — |
| Net Profit | 1 | 9 | 19 | 41 | 36 | 50 | 123 | 136 |
| EPS in Rs | 1.34 | 7.45 | 15.08 | 32.75 | 4.88 | 5.35 | 13.17 | 14.63 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 12 | 12 | 12 | 37 | 47 | 47 |
| Reserves | 3 | 11 | 29 | 70 | 82 | 285 | 408 |
| Borrowings | 31 | 15 | 12 | 0 | 0 | 0 | 12 |
| Other Liabilities | 112 | 95 | 57 | 94 | 109 | 74 | 174 |
| Total Liabilities | 157 | 133 | 111 | 176 | 228 | 406 | 641 |
| Fixed Assets | 1 | 1 | 2 | 2 | 2 | 11 | 70 |
| CWIP | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Investments | 12 | 4 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 142 | 125 | 107 | 172 | 225 | 393 | 569 |
| Total Assets | 157 | 133 | 111 | 176 | 228 | 406 | 641 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -11 | 8 | 13 | 12 | -7 | -111 | 41 |
| Cash from Investing Activity | -6 | 12 | -1 | -2 | 3 | -50 | -44 |
| Cash from Financing Activity | 17 | -18 | -5 | -12 | 0 | 162 | 9 |
| Net Cash Flow | 0 | 2 | 7 | -2 | -4 | 1 | 6 |
| Free Cash Flow | -17 | 16 | 12 | 12 | -7 | -111 | 40 |
| CFO/OP | -231 | 59 | 62 | 33 | 15 | -141 | 31 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 78 | 166 | 143 | 175 | 417 | 293 | 165 |
| Inventory Days | 0 | 0 | 87 | 209 | — | — | 31 |
| Days Payable | — | — | 1310 | 1970 | — | — | 294 |
| Cash Conversion Cycle | 78 | 166 | -1080 | -1587 | 417 | 293 | -98 |
| Working Capital Days | 66 | 130 | 70 | 127 | 213 | 405 | 220 |
| ROCE % | — | 43 | 58 | 81 | 49 | 30 | 42 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% |
| FIIs | 6.65% | 4.53% | 4.48% | 3.09% | 2.34% | 2.64% | 2.63% |
| DIIs | 1.45% | 0.93% | 0.65% | 1.12% | 1.01% | 0.48% | 0.23% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 15.86% | 18.08% | 18.4% | 19.98% | 20.54% | 20.96% | 21.15% |
| Others | 8.48% | 8.89% | 8.91% | 8.24% | 8.54% | 8.36% | 8.43% |
| No. of Shareholders | 44236 | 44150 | 43469 | 48818 | 49387 | 49607 | 49675 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 5 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 178.88 | Buy |
| EMA (10) | 180.11 | Buy |
| SMA (20) | 180.05 | Buy |
| EMA (20) | 179.85 | Buy |
| SMA (50) | 178.74 | Buy |
| EMA (50) | 178.67 | Buy |
| SMA (100) | 176.82 | Buy |
| EMA (100) | 177.55 | Buy |
| SMA (200) | 178.85 | Buy |
| EMA (200) | 173.5 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.09 | Neutral |
| MACD (12,26,9) | 0.36 | Buy |
| Stochastic (14,3,3) | 36.45 | Neutral |
| ADX (14) | 25.86 | Buy |
| Williams %R (14) | -60.43 | Neutral |
| ATR (14) | 7.04 | High Volatility |
| ROC (12) | -0.72 | Sell |
| Stoch RSI (14) | 85.3 | Sell |
| UO (7,14,28) | 40.07 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Intimation Regarding Signing Of Memorandum Of Understanding](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9afce7c4-663d-48b7-b19f-469b275de4f1.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d02ca76-bd9d-4a6d-9001-81072cf31a38.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e9ba066a-9e64-4991-ad50-6f24ba6ec257.pdf) |
| 2026-09-05 | [Submission Of Notice Of The 16Th Annual General Meeting Of Garuda Construction And Engineering Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2731eda-9c69-4666-813c-36bd02bbcf36.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ed0e5bb-a7e4-427d-8285-47449820c686.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Friday September 4 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b161361-dd78-43bf-a1eb-4f7605d5f21b.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0998ee6f-6d3e-4e49-8f59-0264d6a442f2.pdf) |
| 2026-08-15 | [Clarification With Regards To Announcement Dated 14.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac9671b7-2464-4d51-9772-245ed9456a31.pdf) |
| 2026-08-14 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94BFC4C2_31F1_429C_8CAC_6C0F912D85DC_102828.pdf) |
| 2026-08-14 | [Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb0d1c6b-1c73-436e-8557-b03d5ef72a06.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Outcome Of Board Meeting Held On 10Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94b66242-5268-402e-bc62-7057b26f6b3f.pdf) |
| 2026-05-18 | [Outcome Of The Board Meeting Held On Today I.E. May 18 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=305177fa-937e-491f-a023-3011c1e0bbfb.pdf) |
| 2026-02-12 | [Outcome Of Board Meeting Held On 12 February 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b8601a0a-573c-428d-b40b-a6a8a0f6beb2.pdf) |
| 2025-10-27 | [Outcome Of Board Meeting Held On October 27 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fc5dc05-7b24-4049-bf43-8d449354cddd.pdf) |
| 2025-07-18 | [Integrated Filing- Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=534533a2-3a44-4585-8750-79a6490ef82d.pdf) |
| 2025-05-30 | [Financial Results For The Quarter And Year Ended 31 March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71835459-8a88-4ce1-9e1d-93417e0c68b7.pdf) |
| 2025-02-07 | [Outcome Of Board Meeting Held Today I.E. Friday February 7 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a48cce87-d4fe-4dd7-a31b-5c53a8bfa612.pdf) |
| 2024-11-14 | [Outcome Of Board Meeting Held Today I.E., Thursday, November 14, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccfc6a04-2881-469a-a6c6-019badcfadd0.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Board meeting on 12 Feb 2026 to approve unaudited standalone and consolidated results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 9 Feb - Board meeting on 12 Feb 2026 to approve unaudited standalone and consolidated results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c525dfe7-cc91-41a2-ac67-b766100180cf.pdf) |
| 9 Apr - Ms. Priyanka Yadav resigned as Independent Director effective 3 April 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 9 Apr - Ms. Priyanka Yadav resigned as Independent Director effective 3 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c9c51a9-c951-4217-b3fc-cb958f1b3382.pdf) |
| 8 May - Board meeting on May 11, 2026 postponed; audited FY26 results will be rescheduled. | [Cancellation of Board Meeting 8 May - Board meeting on May 11, 2026 postponed; audited FY26 results will be rescheduled.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/22ac8e36-0efd-4412-b7e5-e297453b8524.pdf) |
| 7 May - Read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 we enclosed herewith copies of Newspaper Advertisement of … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 May - Read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 we enclosed herewith copies of Newspaper Advertisement of …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fca87746-b4b0-4f55-8318-bb8a0ab5d13e.pdf) |
| 5 May - Postal ballot seeks shareholder approval for appointing two independent directors from April/June 2026. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 5 May - Postal ballot seeks shareholder approval for appointing two independent directors from April/June 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7409fb51-0337-4619-8051-4b66e6c6d817.pdf) |
| 5 May - Board meeting on 11 May 2026 to approve audited FY26 standalone and consolidated results. | [Board Meeting Intimation for Intimation Of Board Meeting Scheduled To Be Held On 11Th May, 2026 5 May - Board meeting on 11 May 2026 to approve audited FY26 standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e6d0fc6f-4399-4920-9425-2034fb546264.pdf) |
| 21 Apr - Garuda Construction appointed Mrs. Dhruti Harsh Satia as Additional Independent Director from April 21, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 21 Apr - Garuda Construction appointed Mrs. Dhruti Harsh Satia as Additional Independent Director from April 21, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c702769-2264-462e-ab65-2f2913597b4d.pdf) |
| 2 Apr - Independent Director Krishnakumar Laxman Bangera resigned effective 1 April 2026 due to pre-occupation. | [Announcement under Regulation 30 (LODR)-Resignation of Director 2 Apr - Independent Director Krishnakumar Laxman Bangera resigned effective 1 April 2026 due to pre-occupation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d24f237-5560-4ec7-8503-725dcf36fcb3.pdf) |
| 14 Jan - The details of the securities dematerialized and rematerialized during the quarter ended December 31, 2025, as required under Regulation 74(5) of the SEBI (Depository and … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jan - The details of the securities dematerialized and rematerialized during the quarter ended December 31, 2025, as required under Regulation 74(5) of the SEBI (Depository and …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4ac3ddd-0217-44e4-9cfb-8b28b284307c.pdf) |
| 13 Feb - Newspaper Advertisement publication of Standalone and Consolidated Unaudited Financial Result for the Quarter ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Newspaper Advertisement publication of Standalone and Consolidated Unaudited Financial Result for the Quarter ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d657f186-f12a-4976-a7dd-cf39634d6dc1.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2025-10-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3eb7e04c-e28f-47f6-9f1d-0db3f61d89f2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3eb7e04c-e28f-47f6-9f1d-0db3f61d89f2.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57d40733-d478-4dce-a5b9-8b4f6cbf345a.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:54.390Z.