Gayatri Projects
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Key Fundamentals
MicrocapConstructionIndustrialsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 4.85%
- Debt to Equity
- 0.51
- EPS (TTM)
- ₹109.92
- Book Value
- ₹19.04
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 1.12
- ROE
- —
- Dividend Yield
- 0.00%
- EBITDA
- ₹138 Cr
- 52W High
- ₹27.33
- 52W Low
- ₹10.99
- Day Range
- ₹19.90 – ₹21.36
- Volume
- 12,43,300
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,944.40 | 30.37 | ₹5,47,193 Cr | 4.80 | 0.96% | 15.90% | 14.60% | ₹3,00,904 Cr | ₹20,895 Cr | |
| ₹191.23 | 44.37 | ₹39,292 Cr | 4.06 | 0.93% | 9.02% | 10.80% | ₹20,825 Cr | ₹897 Cr | |
| ₹1,310.10 | 37.40 | ₹23,549 Cr | 6.36 | 0.24% | 27.80% | 32.80% | ₹10,205 Cr | ₹602 Cr | |
| ₹1,366.10 | 20.52 | ₹22,726 Cr | 3.00 | 0.83% | 13.70% | 18.30% | ₹27,380 Cr | ₹1,129 Cr | |
| ₹77.74 | 28.37 | ₹20,666 Cr | 6.95 | 0.20% | 20.40% | 29.30% | ₹12,756 Cr | ₹766 Cr | |
| ₹16.79 | 21.25 | ₹19,929 Cr | 0.94 | 0.31% | 4.29% | 7.47% | ₹7,686 Cr | ₹954 Cr | |
| ₹300.85 | 21.55 | ₹16,653 Cr | 5.06 | 0.52% | 23.40% | 30.40% | ₹3,878 Cr | ₹784 Cr | |
| ₹21.36 | — | ₹931 Cr | 1.12 | 0.00% | — | 4.85% | ₹999 Cr | ₹2,080 Cr | |
| Median 8 companies | ₹246.04 | 28.37 | ₹21,696 Cr | 4.43 | 0.42% | 15.90% | 16.45% | ₹11,481 Cr | ₹926 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
3- Company has reduced debt.
- Stock is trading at 0.61 times its book value
- Company is expected to give good quarter
Weaknesses
8- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -26.3% over past five years.
- Promoter holding is low: 23.6%
- Contingent liabilities of Rs.1,215 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.2,123 Cr.
- Company has high debtors of 208 days.
- Working capital days have increased from -980 days to 361 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 3 | 7 | 9 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bullish | 2 | 0 | 8 |
Oscillators
Neutral
Overall
Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 53.73
- Neutral
- MACD (12,26,9)
- −0.53
- Bullish
- SMA (50)
- 21.86
- Bearish
- SMA (200)
- 17.84
- Bullish
As of
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
| 10Y | −6.87% |
|---|---|
| 5Y | −26.32% |
| 3Y | −5.91% |
| 1Y | +88.22% |
| TTM | +144.85% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | +116.43% |
| 3Y | Turned to profit |
| 1Y | Tiny base |
| TTM | Tiny base |
Operating cash flow
| 10Y | +0.42% |
|---|---|
| 5Y | +16.53% |
| 3Y | Turned positive |
| 1Y | +60.66% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −11.99 pp |
|---|---|
| 5Y | −11.15 pp |
| 3Y | +72.17 pp |
| 1Y | −0.44 pp |
| TTM | −0.04 pp |
Revenue by year
| Mar 2017 | ₹2,115 Cr |
|---|---|
| Mar 2018 | ₹2,912 Cr |
| Mar 2019 | ₹3,463 Cr |
| Mar 2020 | ₹3,439 Cr |
| Mar 2021 | ₹3,901 Cr |
| Mar 2022 | ₹3,102 Cr |
| Mar 2023 | ₹1,017 Cr |
| Mar 2024 | ₹680 Cr |
| Mar 2025 | ₹450 Cr |
| Mar 2026 | ₹847 Cr |
Net profit by year
| Mar 2017 | ₹0.00 Cr |
|---|---|
| Mar 2018 | −₹20.00 Cr |
| Mar 2019 | ₹160 Cr |
| Mar 2020 | −₹58.00 Cr |
| Mar 2021 | ₹43.00 Cr |
| Mar 2022 | −₹958 Cr |
| Mar 2023 | −₹1,504 Cr |
| Mar 2024 | ₹41.00 Cr |
| Mar 2025 | ₹124 Cr |
| Mar 2026 | ₹2,042 Cr |
Quarterly Results
₹ Cr| 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 | 185 | 200 | 130 | 164 | 119 | 103 | 91 | 137 | 77 | 73 | 506 | 191 | 229 |
| Expenses | 171 | 192 | 112 | 210 | 124 | 81 | 82 | 163 | 67 | 73 | 535 | 173 | 189 |
| Operating Profit | 14 | 8 | 18 | −45 | −4 | 21 | 8 | −26 | 9 | 0 | −29 | 18 | 40 |
| OPM % | 8% | 4.1% | 14% | −28% | −3.5% | 21% | 9% | −19% | 12% | 0.6% | −6% | 9% | 18% |
| Other Income | −40 | 9 | −17 | 145 | 5 | −17 | 3 | 197 | 6 | 10 | 2,219 | −109 | 4 |
| Interest | −1 | 1 | 2 | 1 | 2 | 13 | 3 | 2 | 6 | 5 | 4 | 3 | 2 |
| Depreciation | 14 | 12 | 12 | 11 | 11 | 11 | 11 | 10 | 9 | 8 | 7 | 5 | 5 |
| PBT | −38 | 4 | −12 | 88 | −13 | −20 | −2 | 160 | −1 | −3 | 2,178 | −99 | 37 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 12% | 0% |
| Net Profit | −38 | 4 | −12 | 88 | −13 | −20 | −2 | 159 | −1 | −3 | 2,157 | −111 | 37 |
| EPS (₹) | −2.04 | 0.23 | −0.66 | 4.69 | −0.69 | −1.07 | −0.11 | 8.48 | −0.03 | −0.18 | 115 | −5.93 | 0.8 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,501 | 1,726 | 2,115 | 2,912 | 3,463 | 3,439 | 3,901 | 3,102 | 1,017 | 680 | 450 | 847 | 999 |
| Expenses | 1,157 | 1,519 | 1,807 | 2,471 | 2,936 | 3,080 | 3,465 | 3,512 | 1,751 | 491 | 447 | 847 | 969 |
| Operating Profit | 344 | 207 | 308 | 441 | 527 | 359 | 435 | −409 | −734 | 189 | 2 | 0 | 30 |
| OPM % | 23% | 12% | 15% | 15% | 15% | 10% | 11% | −13% | −72% | 28% | 0.6% | 0% | 3% |
| Other Income | 6 | 20 | 15 | −136 | 8 | 5 | 8 | −137 | −407 | −96 | 185 | 2,124 | 2,123 |
| Interest | 265 | 186 | 257 | 275 | 284 | 337 | 321 | 338 | 306 | 2 | 20 | 18 | 14 |
| Depreciation | 120 | 44 | 43 | 55 | 66 | 91 | 84 | 76 | 57 | 49 | 43 | 29 | 25 |
| PBT | −35 | −3 | 23 | −25 | 185 | −64 | 38 | −961 | −1,504 | 41 | 123 | 2,076 | 2,114 |
| Tax % | 34% | 456% | 101% | −22% | 13% | −9% | −14% | 0% | 0% | 0% | 0% | 2% | — |
| Net Profit | −48 | −27 | 0 | −20 | 160 | −58 | 43 | −958 | −1,504 | 41 | 124 | 2,042 | 2,080 |
| EPS (₹) | −2.1 | −1.53 | −0.02 | −1.04 | 8.55 | −3.1 | 2.3 | −51.19 | −80.35 | 2.21 | 6.62 | 109 | 110 |
| Div. Payout % | 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. | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30 | 35 | 35 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves | 701 | 514 | 476 | 973 | 1,136 | 873 | 916 | −42 | −1,636 | −1,593 | −1,474 | 569 |
| Borrowings | 4,264 | 3,825 | 2,199 | 2,312 | 2,220 | 2,041 | 2,123 | 2,748 | 3,791 | 3,675 | 3,628 | 311 |
| Other Liabilities | 1,354 | 1,505 | 1,732 | 1,938 | 2,693 | 2,762 | 2,693 | 2,218 | 1,386 | 1,288 | 1,248 | 1,197 |
| Total Liabilities | 6,350 | 5,880 | 4,443 | 5,261 | 6,087 | 5,713 | 5,770 | 4,961 | 3,578 | 3,408 | 3,439 | 2,115 |
| Fixed Assets | 1,340 | 1,127 | 394 | 419 | 439 | 456 | 392 | 348 | 272 | 223 | 180 | 77 |
| CWIP | 1,481 | 1,310 | 30 | 6 | 7 | 17 | 29 | 9 | 9 | 9 | 12 | 6 |
| Investments | 739 | 859 | 978 | 1,198 | 1,201 | 572 | 565 | 546 | 511 | 363 | 363 | 230 |
| Other Assets | 2,789 | 2,584 | 3,041 | 3,637 | 4,440 | 4,667 | 4,783 | 4,057 | 2,787 | 2,813 | 2,884 | 1,802 |
| Total Assets | 6,350 | 5,880 | 4,443 | 5,261 | 6,087 | 5,713 | 5,770 | 4,961 | 3,578 | 3,408 | 3,439 | 2,115 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −24 | 470 | 234 | 213 | 516 | 361 | 228 | −695 | −863 | −110 | 305 | 490 |
| Investing | −900 | −663 | −34 | −30 | −120 | 311 | 10 | 211 | 46 | 261 | 1 | 68 |
| Financing | 488 | 226 | −217 | −164 | −324 | −683 | −273 | 425 | 819 | −141 | −97 | −782 |
| Net Cash Flow | −436 | 32 | −17 | 19 | 71 | −10 | −35 | −58 | 1 | 11 | 209 | −224 |
| Free Cash Flow | −506 | −216 | 69 | 157 | 408 | 241 | 201 | −708 | −843 | −110 | 302 | 602 |
| CFO/OP | −3 | 236 | 89 | 57 | 103 | 101 | 52 | 170 | 118 | −58 | 12,302 | −1,96,136 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 119 | 130 | 142 | 154 | 136 | 142 | 137 | 296 | 481 | 712 | 208 |
| Inventory Days | 186 | 61 | 211 | 112 | — | — | — | — | 128 | 248 | 641 | — |
| Days Payable | 306 | 170 | 387 | 306 | — | — | — | — | 409 | 739 | 2,085 | — |
| Cash Conversion Cycle | 23 | 10 | −46 | −53 | 154 | 136 | 142 | 137 | 15 | −10 | −732 | 208 |
| Working Capital Days | −35 | 21 | 54 | 115 | 97 | 85 | 22 | −107 | −943 | −1,302 | −1,997 | 361 |
| ROCE % | 3% | 4% | 8% | 13% | 14% | 9% | 12% | −17% | −30% | 8% | 8% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Gayatri Projects insights
65 extracted metrics across FY11–FY27.
Documents
- Q2 FY22 concall · Nov 2021Transcript PPT
- Q1 FY22 concall · Aug 2021Transcript PPT
- Q4 FY21 concall · Jun 2021Transcript PPT
- Q3 FY21 concall · Feb 2021Transcript PPT
- Q2 FY21 concall · Nov 2020Transcript PPT
- 14 May 2026
- 14 Feb 2026
- 31 Dec 2025
- 31 Dec 2025
- 2 Sep 2026
- 17 Jul 2025
- 26 Jun 2024
- 1 Mar 2021
- 1 Mar 2021
- General announcements 30 Oct 2026
- General announcements 26 Oct 2026
- General announcements 8 Oct 2026
Frequently Asked Questions about Gayatri Projects
What does Gayatri Projects Ltd do?
Where is Gayatri Projects Ltd (GAYAPROJ) listed?
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What is the 52-week high and low of Gayatri Projects Ltd?
Company Information
Incorporated in 1963, Gayatri Projects Ltd is an infrastructure construction company
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