GAYAHWS

Gayatri Highways Limited

Road infrastructure company with construction and toll road operations

Services›Services›Transport Infrastructure›Road Assets–Toll, Annuity, Hybrid-Annuity

gayatrihighways.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1.82
Market cap
44 Cr
Stock P/E
Loss (TTM EPS ₹-0.09)
Operating margin (FY26)
-10.8%
OCF / EBITDA (3Y)
1787.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Gayatri Highways is a Hyderabad-based holding company that builds, invests in and operates roads, highways, bridges, tunnels and toll roads in India through project subsidiaries and jointly controlled companies.

Company snapshot

6thBy market cap

Ranked among 7 companies in Road Assets–Toll, Annuity, Hybrid-Annuity.

What we see

Positives
  • ✓1787% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales0.18 Cr0.18 Cr1 Cr2 Cr0.65 Cr2 Cr1 Cr0 Cr0 Cr0 Cr15 Cr7 Cr
Operating expenses (approx.)0.23 Cr1 Cr7 Cr0.59 Cr1 Cr5 Cr3 Cr0.20 Cr2 Cr0.28 Cr14 Cr7 Cr
EBITDA-0.05 Cr-1 Cr-6 Cr1 Cr-0.58 Cr-3 Cr-2 Cr-0.20 Cr-2 Cr-0.28 Cr0.84 Cr0.50 Cr
OPM %-28.7%-668.9%-510.7%65.1%-89.2%-144.8%-176.2%———5.7%7.1%
Other income0.61 Cr0.62 Cr19 Cr0.59 Cr16 Cr3 Cr0.81 Cr36 Cr0.82 Cr0.55 Cr0.57 Cr0.53 Cr
Interest5 Cr5 Cr-0.55 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Depreciation0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.0039 Cr
Profit before tax-99 Cr-76 Cr-168 Cr-75 Cr-45 Cr-98 Cr1,347 Cr-2 Cr-3 Cr-3 Cr7 Cr-3 Cr
Tax %-0.0%-0.0%-0.0%-0.0%-0.0%0.0%0.0%-2.7%-8.2%-0.1%0.3%-0.3%
Net profit-99 Cr-76 Cr-168 Cr-75 Cr-45 Cr-98 Cr1,347 Cr-2 Cr-3 Cr-3 Cr7 Cr-3 Cr
EPS (₹)₹-4.13₹-3.18₹-7.02₹-3.13₹-1.89₹-4.10₹56.22₹-0.09₹-0.14₹-0.12₹0.29₹-0.12

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales130 Cr70 Cr81 Cr93 Cr8 Cr2 Cr6 Cr15 CrSign in free for the trailing twelve months
Operating expenses (approx.)37 Cr20 Cr17 Cr17 Cr8 Cr9 Cr10 Cr16 CrSign in free for the trailing twelve months
EBITDA93 Cr50 Cr65 Cr75 Cr-0.56 Cr-7 Cr-5 Cr-2 CrSign in free for the trailing twelve months
OPM %71.5%71.7%79.5%81.2%-7.3%-428.0%-83.0%-10.4%Sign in free for the trailing twelve months
Other income9 Cr8 Cr10 Cr3 Cr14 Cr20 Cr20 Cr38 CrSign in free for the trailing twelve months
Interest344 Cr131 Cr135 Cr131 Cr21 Cr15 Cr15 Cr15 CrSign in free for the trailing twelve months
Depreciation18 Cr18 Cr21 Cr24 Cr0.04 Cr0.08 Cr0.07 Cr0.05 CrSign in free for the trailing twelve months
Profit before tax-287 Cr-281 Cr-329 Cr-141 Cr-140 Cr-441 Cr1,129 Cr-0.90 CrSign in free for the trailing twelve months
Tax %0.0%0.0%0.0%0.0%0.0%-0.0%0.0%-36.1%Sign in free for the trailing twelve months
Net profit-287 Cr-281 Cr-345 Cr-141 Cr-140 Cr-441 Cr1,129 Cr-1 CrSign in free for the trailing twelve months
EPS (₹)₹-11.99₹-11.74₹-14.41₹-5.90₹-5.85₹-18.40₹47.10₹-0.05Sign in free for the trailing twelve months
Dividend payout %——————0.0%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr
Reserves-275 Cr-556 Cr-902 Cr-1,043 Cr-1,362 Cr-1,803 Cr-674 Cr-675 Cr
Borrowings2,382 Cr927 Cr910 Cr406 Cr405 Cr406 Cr421 Cr404 Cr
Other liabilities779 Cr2,442 Cr2,412 Cr3,075 Cr3,346 Cr3,323 Cr1,205 Cr1,214 Cr
Total liabilities2,934 Cr2,861 Cr2,468 Cr2,485 Cr2,437 Cr1,974 Cr1,000 Cr990 Cr
Fixed assets (net)0.30 Cr0.26 Cr0.20 Cr0.17 Cr0.22 Cr0.15 Cr0.09 Cr0.04 Cr
CWIP3 Cr0 Cr———0 Cr0 Cr0 Cr
Investments123 Cr102 Cr86 Cr251 Cr229 Cr209 Cr91 Cr70 Cr
Loans & advances29 Cr31 Cr28 Cr26 Cr23 Cr25 Cr26 Cr29 Cr
Trade receivables6 Cr0.11 Cr0.13 Cr2 Cr0.70 Cr0.63 Cr2 Cr7 Cr
Cash & bank6 Cr2 Cr3 Cr5 Cr7 Cr10 Cr20 Cr17 Cr
Other assets2,766 Cr2,725 Cr2,350 Cr2,202 Cr2,179 Cr1,730 Cr860 Cr868 Cr
Total assets2,934 Cr2,861 Cr2,468 Cr2,485 Cr2,437 Cr1,974 Cr1,000 Cr990 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity291 Cr—467 Cr798 Cr93 Cr312 Cr175 Cr-27 Cr
Cash from investing-124 Cr—15 Cr-164 Cr22 Cr20 Cr-3 Cr56 Cr
Cash from financing-183 Cr—-481 Cr-632 Cr-114 Cr-328 Cr-161 Cr-32 Cr
Net cash flow-15 Cr—1 Cr2 Cr2 Cr3 Cr10 Cr-3 Cr
Free cash flow (OCF − Capex)——467 Cr798 Cr93 Cr312 Cr175 Cr-27 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.5%7.7%79.2%—————
ROE %————————
Debtor days1711733134148179
Inventory days00000000
Days payable21602125134382210161
Cash conversion cycle-4-59-21-19-101-248-6218
OCF / EBITDA %314.0%—721.8%1060.6%————
OCF / EBITDA % (3 years)————974.7%1787.3%——
Debt / equity————————
Current ratio0.080.840.700.510.720.611.041.09
Net debt / EBITDA25.6118.5814.015.33————