GAYAPROJ
Gayatri Projects Limited
Civil construction and infrastructure EPC company
Industrials›Construction›Construction›Civil Construction
gayatri.co.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹21.36
Market cap
992 Cr
Stock P/E
0.5
P/B
0.66
ROE (FY26)
336.5%
ROCE (FY26)
228.1%
Operating margin (FY26)
-3.5%
Debt / equity (FY26)
0.51
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 Projects is a construction company.
Company snapshot
48thBy market cap
Ranked among 90 companies in Civil Construction.
What we see
Positives
- ✓Net margin of 241.1% — the business keeps a healthy share of every rupee it earns.
Concerns
- ✗Interest coverage of -1.6x — earnings barely cover interest payments, which is a warning sign.
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
| Metric | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 866 Cr | 802 Cr | 537 Cr | 283 Cr | 316 Cr | 233 Cr | 137 Cr | 77 Cr | 73 Cr | 506 Cr | 191 Cr | 229 Cr |
| Operating expenses (approx.) | 958 Cr | 978 Cr | 769 Cr | 556 Cr | 460 Cr | 465 Cr | 162 Cr | 67 Cr | 72 Cr | 535 Cr | 173 Cr | 189 Cr |
| EBITDA | -93 Cr | -176 Cr | -231 Cr | -273 Cr | -144 Cr | -232 Cr | -25 Cr | 9 Cr | 0.64 Cr | -29 Cr | 19 Cr | 40 Cr |
| OPM % | -10.7% | -21.9% | -43.1% | -96.7% | -45.4% | -99.8% | -18.0% | 11.9% | 0.9% | -5.7% | 9.8% | 17.6% |
| Other income | 1 Cr | 0.03 Cr | 2 Cr | 6 Cr | 5 Cr | 30 Cr | 200 Cr | 6 Cr | 10 Cr | 89 Cr | 33 Cr | 25 Cr |
| Interest | 79 Cr | 94 Cr | 98 Cr | 109 Cr | 116 Cr | 77 Cr | 2 Cr | 6 Cr | 5 Cr | 4 Cr | 3 Cr | 2 Cr |
| Depreciation | 19 Cr | 20 Cr | 18 Cr | 15 Cr | 14 Cr | 12 Cr | 10 Cr | 9 Cr | 8 Cr | 7 Cr | 5 Cr | 5 Cr |
| Profit before tax | -190 Cr | -290 Cr | -504 Cr | -392 Cr | -268 Cr | -292 Cr | 159 Cr | -0.58 Cr | -3 Cr | 2,179 Cr | -99 Cr | 37 Cr |
| Tax % | 0.2% | 0.5% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | -12.3% | 0.0% |
| Net profit | -189 Cr | -288 Cr | -504 Cr | -392 Cr | -268 Cr | -292 Cr | 159 Cr | -0.58 Cr | -3 Cr | 2,157 Cr | -111 Cr | 37 Cr |
| EPS (₹) | ₹-10.11 | ₹-15.40 | ₹-26.90 | ₹-20.93 | ₹-14.33 | ₹-15.57 | ₹8.65 | ₹-0.03 | ₹-0.18 | ₹115.23 | ₹-5.93 | ₹2.36 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,115 Cr | 2,912 Cr | 3,463 Cr | 3,439 Cr | 3,901 Cr | 3,102 Cr | 1,017 Cr | 680 Cr | 450 Cr | 847 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,792 Cr | 2,588 Cr | 2,919 Cr | 3,052 Cr | 3,458 Cr | 3,493 Cr | 1,745 Cr | 682 Cr | 447 Cr | 847 Cr | Sign in free for the trailing twelve months |
| EBITDA | 323 Cr | 324 Cr | 544 Cr | 386 Cr | 442 Cr | -391 Cr | -728 Cr | -3 Cr | 2 Cr | -0.25 Cr | Sign in free for the trailing twelve months |
| OPM % | 15.3% | 11.1% | 15.7% | 11.2% | 11.3% | -12.6% | -71.6% | -0.4% | 0.5% | -0.0% | Sign in free for the trailing twelve months |
| Other income | 31 Cr | 9 Cr | 9 Cr | 5 Cr | 7 Cr | 3 Cr | 42 Cr | 37 Cr | 212 Cr | 138 Cr | Sign in free for the trailing twelve months |
| Interest | 257 Cr | 258 Cr | 284 Cr | 337 Cr | 321 Cr | 338 Cr | 306 Cr | 2 Cr | 20 Cr | 18 Cr | Sign in free for the trailing twelve months |
| Depreciation | 43 Cr | 55 Cr | 66 Cr | 91 Cr | 85 Cr | 76 Cr | 57 Cr | 49 Cr | 43 Cr | 29 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 23 Cr | -25 Cr | 185 Cr | -64 Cr | 38 Cr | -961 Cr | -1,504 Cr | 41 Cr | 124 Cr | 2,076 Cr | Sign in free for the trailing twelve months |
| Tax % | 101.3% | 22.1% | 13.5% | 8.9% | -14.2% | 0.3% | — | — | 0.0% | 1.6% | Sign in free for the trailing twelve months |
| Net profit | -0.30 Cr | -20 Cr | 160 Cr | -58 Cr | 43 Cr | -958 Cr | -1,504 Cr | 41 Cr | 124 Cr | 2,042 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-0.02 | ₹-1.10 | ₹8.55 | ₹-3.10 | ₹2.30 | ₹-51.19 | ₹-80.35 | ₹2.21 | ₹6.62 | ₹109.09 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | — | — | — | 0.0% | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 35 Cr | 37 Cr | 37 Cr | 37 Cr | 37 Cr | 37 Cr | 37 Cr | 37 Cr | 37 Cr | 37 Cr |
| Reserves | 476 Cr | 973 Cr | 1,136 Cr | 873 Cr | 916 Cr | -42 Cr | -1,636 Cr | -1,593 Cr | -1,474 Cr | 569 Cr |
| Borrowings | 1,937 Cr | 2,107 Cr | 1,981 Cr | 1,876 Cr | 2,094 Cr | 2,738 Cr | 3,789 Cr | 3,672 Cr | 3,628 Cr | 311 Cr |
| Other liabilities | 1,994 Cr | 2,144 Cr | 2,932 Cr | 2,873 Cr | 2,723 Cr | 2,228 Cr | 1,388 Cr | 1,291 Cr | 1,248 Cr | 1,197 Cr |
| Total liabilities | 4,443 Cr | 5,261 Cr | 6,087 Cr | 5,659 Cr | 5,770 Cr | 4,961 Cr | 3,578 Cr | 3,408 Cr | 3,439 Cr | 2,115 Cr |
| Fixed assets (net) | 371 Cr | 397 Cr | 439 Cr | 456 Cr | 392 Cr | 348 Cr | 272 Cr | 223 Cr | 180 Cr | 77 Cr |
| CWIP | 30 Cr | 6 Cr | 7 Cr | 17 Cr | 29 Cr | 9 Cr | 9 Cr | 9 Cr | 12 Cr | 6 Cr |
| Investments | 978 Cr | 1,198 Cr | 1,201 Cr | 572 Cr | 565 Cr | 546 Cr | 511 Cr | 363 Cr | 363 Cr | 230 Cr |
| Loans & advances | — | — | — | — | — | — | — | — | 98 Cr | 80 Cr |
| Inventories | 360 Cr | 293 Cr | 357 Cr | 624 Cr | 815 Cr | 634 Cr | 140 Cr | 148 Cr | 139 Cr | 129 Cr |
| Trade receivables | 755 Cr | 1,134 Cr | 1,460 Cr | 1,279 Cr | 1,519 Cr | 1,168 Cr | 824 Cr | 896 Cr | 878 Cr | 483 Cr |
| Cash & bank | 197 Cr | 247 Cr | 128 Cr | 118 Cr | 84 Cr | 25 Cr | 27 Cr | 37 Cr | 246 Cr | 23 Cr |
| Other assets | 1,751 Cr | 1,986 Cr | 2,494 Cr | 2,593 Cr | 2,366 Cr | 2,231 Cr | 1,797 Cr | 1,731 Cr | 1,523 Cr | 1,087 Cr |
| Total assets | 4,443 Cr | 5,261 Cr | 6,087 Cr | 5,659 Cr | 5,770 Cr | 4,961 Cr | 3,578 Cr | 3,408 Cr | 3,439 Cr | 2,115 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 234 Cr | 180 Cr | 516 Cr | 361 Cr | 228 Cr | -695 Cr | -863 Cr | -112 Cr | 277 Cr | 490 Cr |
| Cash from investing | -34 Cr | -14 Cr | -89 Cr | 311 Cr | 10 Cr | 211 Cr | 46 Cr | 261 Cr | 1 Cr | 68 Cr |
| Cash from financing | -217 Cr | -147 Cr | -355 Cr | -683 Cr | -273 Cr | 425 Cr | 819 Cr | -139 Cr | -69 Cr | -782 Cr |
| Net cash flow | -17 Cr | 19 Cr | 71 Cr | -10 Cr | -35 Cr | -58 Cr | 1 Cr | 11 Cr | 209 Cr | -224 Cr |
| Free cash flow (OCF − Capex) | 39 Cr | 124 Cr | 408 Cr | 241 Cr | 201 Cr | -712 Cr | — | -112 Cr | 274 Cr | 486 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 11.4% | 7.5% | 14.9% | 9.8% | 11.8% | — | — | — | -1.9% | 228.1% |
| ROE % | -0.1% | -1.9% | 13.6% | -6.4% | 4.5% | — | — | — | — | 336.5% |
| Debtor days | 130 | 142 | 153 | 136 | 142 | 137 | 295 | 481 | 710 | 208 |
| Inventory days | 193 | 48 | 134 | 78 | 89 | 71 | 106 | 222 | 125 | 60 |
| Days payable | 354 | 131 | 333 | 132 | 157 | 111 | 338 | 664 | 405 | 145 |
| Cash conversion cycle | -31 | 59 | -45 | 81 | 74 | 98 | 63 | 40 | 430 | 123 |
| OCF / EBITDA % | 72.5% | 55.6% | 94.8% | 93.6% | 51.6% | — | — | — | n.m. | — |
| OCF / EBITDA % (3 years) | — | — | 78.1% | 84.3% | 80.5% | -24.0% | — | — | — | — |
| Debt / equity | 3.79 | 2.09 | 1.69 | 2.06 | 2.20 | — | — | — | — | 0.51 |
| Current ratio | 1.26 | 1.58 | 1.53 | 1.40 | 1.15 | 0.79 | 0.47 | 0.50 | 0.53 | 1.93 |
| Net debt / EBITDA | 5.39 | — | 3.41 | — | — | — | — | — | 1369.56 | — |