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Prices as of 9 Oct 2026 close · Not investment advice

Gayatri Projects Limited

NSE: GAYAPROJCivil ConstructionASM stage 1

Share price

₹21.00

+5.00% close of 9 Oct 2026

Market cap ₹976 CrP/E 7.7

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

46

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹976 Cr

P/E ratio

7.7

P/B ratio

0.6

ROCE

4.8%

ROE

—

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹26.1552-week low ₹19.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Dec 2025 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Dec 2025 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.3 times its growth rate, on earnings growth of 26%.

Profit growthPrice per ₹1 profitPer 1% growth
Gayatri Projects Limited — this one26%/yr7.7×₹0.30
Rail Vikas Nigam Limited-13%/yr44.2×—
Kalpataru Projects International Limited36%/yr21.3×₹0.59
IRB Infrastructure Developers Limited8%/yr21.5×₹2.7
NBCC (India) Limited13%/yr29.3×₹2.3
Cemindia Projects Limited68%/yr31.8×₹0.47

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 72 of 89 on returns, 59 of 84 on growth, 83 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 4.8% on capital, ahead of 19% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹873 crore of cash before any plant spend, funded from shareholders — borrowings did not rise. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

4 of 10 checks clear · 40%

How the profit check works

Latest result · Q2 FY26

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Sep 2026 · Standalone · Unaudited

Revenue

₹73 Cr

Net profit

-₹7 Cr

EPS

₹-0.36

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹976 Cr
Prev close
₹21.00
52w High
₹27.3
52w Low
₹18.4
Enterprise value
₹1,264 Cr
Beta
—
Price CAGR 1y
104.0%
Price CAGR 3y
52.0%
Price CAGR 5y
-14.0%
Price CAGR 10y
-16.0%

Ratios

Return on assets
96.5%
PEG ratio
0.3
P/E ratio
7.7
P/B ratio
0.6
EV / EBITDA
43.6
Industry P/E
15.8
ROCE
4.8%
ROCE 5y average
-5.2%
ROE
—
Debt / Equity
0.5
Interest coverage
116.3
Dividend yield
0.0%
ROE 3y average
—
ROE last year
—

Annual P&L

Annual revenue
₹847 Cr
Annual profit
₹2,042 Cr
Operating margin
0.0%
Net profit margin
241.1%
EBITDA margin
0.0%
Sales growth 3y
-5.9%
Sales growth 5y
-26.3%
Profit growth 3y
26.0%
Profit growth 5y
16.0%
EPS
₹109
Sales growth TTM
145.0%
Profit growth TTM
-24.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹229 Cr
Profit latest quarter
₹37 Cr
YoY quarterly sales growth
198.7%
YoY quarterly profit growth
—
OPM latest quarter
17.6%

Balance Sheet

Book Value
₹13.0
Face Value
₹2.0
Total debt
₹311 Cr
Total cash
₹23 Cr
Borrowings
₹311 Cr
Reserves / Equity
15.4

Cash Flow

Operating cash flow
₹490 Cr
Free cash flow
₹602 Cr
FCF yield
59.9%
Net cash flow
-₹224 Cr

Shareholding

Promoter holding
23.6%
FII holding
17.9%
DII holding
0.7%
Public holding
57.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,730.7529.15,13,3121.024,988.014.067,941.76.714.6
Rail Vikas198.3046.041,3460.86159.518.54,321.210.610.8
Kalpataru Proj.1,382.5021.223,6090.80311.545.16,408.03.818.3
NBCC76.9930.420,7871.28158.017.22,259.5-5.529.3
IRB Infra.Devl.16.9820.920,5080.90306.351.32,137.31.87.5
Cemindia Project1,175.2033.620,1880.25140.82.62,720.95.632.8
Engineers India315.0022.617,7041.57157.9141.5819.8-5.830.4
Gayatri Projects22.018.21,0220.0037.110265.5228.8198.74.8
Median128.1515.66700.0010.517.2168.411.515.5

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales185200130164119103911377773506191229
Expenses17119211221012481821636773535173189
Material Cost1405290509126134
Change in Inventories8.112.38-281.662334
Purchases of Stock-in-Trade000000
Employee Cost6.566.065.397.093.7011
Other Expenses7.016.925.9117209.47
Operating Profit14818-45-4218-2690-291840
OPM %7.704.0914-28-3.48219.34-19120.60-5.709.4618
Other Income-409-171455-1731976102,219-1094
Exceptional items (within Other Income)-3.30002,128-143-22
Interest-11212133265432
Depreciation141212111111111098755
Profit before tax-384-1288-13-20-2159-1-32,179-9937
Tax %00000000001120
Net Profit-384-1288-13-20-2159-1-32,157-11137
EPS in Rs-2.040.23-0.664.69-0.69-1.07-0.118.48-0.03-0.18115-5.930.80
Diluted EPS in Rs8.65-0.03-0.18115-5.932.36

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,5011,7262,1152,9123,4633,4393,9013,1021,017680450847999
Expenses1,1571,5191,8072,4712,9363,0803,4653,5121,751491447847969
Material Cost406777
Change in Inventories-1.46-1.59
Purchases of Stock-in-Trade00
Employee Cost3022
Other Expenses1349
Operating Profit344207308441527359435-409-7341892-030
OPM %23121515151011-13-72280.60-03
Other Income62015-136858-137-407-961852,1242,123
Exceptional items (within Other Income)-281,986
Interest2651862572752843373213383062201814
Depreciation120444355669184765749432925
Profit before tax-35-323-25185-6438-961-1,504411242,0762,114
Tax %34456101-2213-9-14-00002
Net Profit-48-27-0-20160-5843-958-1,504411242,0422,080
EPS in Rs-2.10-1.53-0.02-1.048.55-3.102.30-51-802.216.62109110
Diluted EPS in Rs6.62109
Dividend Payout %-10-260000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-7%
5 years
-26%
3 years
-6%
TTM
145%

Compounded profit growth

10 years
5%
5 years
16%
3 years
26%
TTM
-24%

Stock price CAGR

10 years
-16%
5 years
-14%
3 years
52%
1 year
104%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital303535373737373737373737
Reserves7015144769731,136873916-42-1,636-1,593-1,474569
Borrowings4,2643,8252,1992,3122,2202,0412,1232,7483,7913,6753,628311
Other Liabilities1,3541,5051,7321,9382,6932,7622,6932,2181,3861,2881,2481,197
Minority Interest0
Total Liabilities6,3505,8804,4435,2616,0875,7135,7704,9613,5783,4083,4392,115
Fixed Assets1,3401,12739441943945639234827222318077
CWIP1,4811,31030671729999126
Investments7398599781,1981,201572565546511363363230
Other Assets2,7892,5843,0413,6374,4404,6674,7834,0572,7872,8132,8841,802
Total Assets6,3505,8804,4435,2616,0875,7135,7704,9613,5783,4083,4392,115

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-24470234213516361228-695-863-110305490
Cash from Investing Activity-900-663-34-30-1203111021146261168
Cash from Financing Activity488226-217-164-324-683-273425819-141-97-782
Net Cash Flow-43632-171971-10-35-58111209-224
Free Cash Flow-506-21669157408241201-708-843-110302602

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days144119130142154136142137296481712208
Inventory Days18661211112128248641
Days Payable3061703873064097392,085
Cash Conversion Cycle2310-46-5315413614213715-10-732208
Working Capital Days-352154115978522-107-943-1,302-1,997361
ROCE %3481314912-17-30885

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters3.943.943.943.943.943.943.943.943.943.942424
FIIs3.923.923.923.923.921.911.911.911.911.911818
DIIs1.071.071.071.071.072.752.752.752.752.750.680.72
Public919191919191919191915858
No. of Shareholders55,93854,73553,39250,83149,44648,45047,48846,24645,41344,16543,85351,750

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -12.8% (₹24.09 → ₹21.00)Brick size ₹1.37 (fixed)Bricks 8
₹20.00₹25.00₹21.00Jul '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹21.00 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

63.52cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

63.52cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

288inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

197cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Gayatri Projects Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE336H01023

News impact

Big market events that reach Gayatri Projects Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

10 Feb 2017split₹0
21 Sep 2016unspecified₹2
21 Sep 2015unspecified₹1
22 Sep 2014unspecified₹2
20 Sep 2013unspecified₹3
12 Sep 2012unspecified₹3
30 Aug 2011unspecified₹5

Bulk & block deals

DateWhoBought / soldSharesPrice
17 Apr 2026DEEPA BAGLA FINANCIAL CONSULTANTS PRIVATE LIMITEDBUY10,00,000₹19.88

Documents

Annual reports, results presentations and earnings calls, straight from the source.

No documents on record yet.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.