Gayatri Highways Limited
NSE: GAYAHWS · Road Assets–Toll, Annuity, Hybrid-Annuity · sector
₹1.62NSE close 2026-10-26
Key numbers
Market cap₹39 cr
Price₹1.62
52w high / low₹4 / ₹2
P/E–Sector median 11.1x
P/B–Sector median 1.6x
Book value₹-26.2
Dividend yield–
ROE–Sector median 4.4%
ROCE–Sector median 12.5%
OPM-3.8%Sector median 2.3%
Debt / equity–Sector median 0.43x
EV/EBITDA–Sector median 8.8x
Interest cover0.1x
Current ratio1.09x
Sales growth 3y+24.0%Sector median +17.2%
Profit growth 3y–Sector median -27.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Road Assets–Toll, Annuity, Hybrid-Annuity (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹17 cr vs borrowings ₹404 cr (FY26): borrowings are higher by ₹386 cr.
- Operating profit covered interest 0.1x in the last 12 months.
- 59.00% of the promoters' shares are pledged (36.1% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 6 of the last 8 quarters.
- Debtor days went from 134 (FY24) to 180 (FY26).
- No dividend in the last 5 financial years.
- Price ₹1.62 on 2026-10-26: -63.8% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4.33 · low ₹0.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 1 | 0 | 0 | 0 | 15 | 7 |
| EBITDA | -1 | -3 | -2 | -0 | -2 | -0 | 1 | 0 |
| OPM % | -89.2% | -145.0% | -176.3% | – | – | – | 5.8% | 7.1% |
| Other income | 16 | 3 | 1 | 36 | 1 | 1 | 1 | 1 |
| Net profit | -45 | -98 | 1,347 | -2 | -3 | -3 | 7 | -3 |
| EPS (₹) | -1.89 | -4.10 | 56.22 | -0.09 | -0.14 | -0.12 | 0.29 | -0.12 |
| Revenue YoY | -100.0% | -100.0% | +1,133.1% | – | ||||
| Profit YoY | – | – | -99.5% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 93 | 8 | 2 | 6 | 15 | 22 |
| EBITDA | 75 | 178 | -123 | -5 | -2 | -1 |
| Net profit | -142 | -140 | -441 | 1,129 | -1 | -2 |
| EPS (₹) | -5.90 | -5.85 | -18.40 | 47.10 | -0.05 | -0.09 |
| Revenue growth | -91.8% | -77.5% | +230.8% | +155.7% | +439.7% | |
| Profit growth | – | – | – | -100.1% | -100.2% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +24.0% | -29.1% | +439.7% |
| Net profit | – | – | -100.2% |
| EPS | – | – | – |
| Share price | – | +15.9% (2y) | -49.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -1,314 | -1,755 | -626 | -627 |
| Borrowings | – | 405 | 406 | 421 | 404 |
| Cash & equivalents | – | 7 | 10 | 20 | 17 |
| Total assets | – | 2,437 | 1,974 | 1,000 | 990 |
| Fixed assets | – | 0 | 0 | 0 | 0 |
| Capital work in progress | – | – | 0 | 0 | 0 |
| Investments | – | 229 | 209 | 91 | 70 |
| Receivables | – | 1 | 1 | 2 | 7 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 3 | 2 | 3 | 6 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 798 | 93 | 312 | 175 | -27 |
| Cash from investing | -164 | 22 | 20 | -3 | 56 |
| Cash from financing | -632 | -114 | -328 | -161 | -32 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 798 | 93 | 312 | 175 | -27 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.7% | 25.1% | -180.4% | 0.2% |
| ROCE % | – | -21.1% | 7.6% | -7.5% | -16.1% |
| Debtor days | – | 33 | 134 | 148 | 180 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 134 | 382 | 210 | 162 |
| Cash conversion cycle (days) | – | -101 | -248 | -62 | 18 |
| Working capital days | – | -39,136 | -2,35,244 | 2,081 | 1,711 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.15% |
| FIIs | 1.50% |
| Public (non-institutions) | 37.35% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.15% | 61.15% | 61.15% | 61.15% | 61.15% | 61.15% | 61.15% | 61.15% |
| Promoter group | % |
|---|---|
| Gayatri Projects Limited | 26.04% |
| Indira Tikkavarapu | 23.84% |
| Sandeep Kumar Reddy Tikkavarapu | 11.27% |
| Sulochana Gunupati | 0.00% |
| Jenna Reddy Brij Mohan Reddy | 0.00% |
| Tikkavarapu Sarita Reddy | 0.00% |
| Public holders above 1% | % |
|---|---|
| Satpal Khattar | 2.16% |
| Afrin DIA | 1.25% |
53,819 shareholders. Pledged: 59.00% of promoter shares.
Peers in Road Assets–Toll, Annuity, Hybrid-Annuity
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BFUTILITIE | ₹1,574 cr | – | 9.4x | -5.6% | -5.1% | -61.5% | +1.5% | – |
| HILINFRA | ₹441 cr | 16.6x | 1.9x | 11.2% | 12.5% | 2.3% | – | – |
| INNOVISION | ₹379 cr | 11.1x | 1.3x | 12.6% | 14.1% | 5.6% | – | – |
| ATLANTAA | ₹232 cr | – | 1.1x | -2.4% | 1.2% | 41.3% | +12.7% | – |
| NOIDATOLL | ₹64 cr | 2.2x | – | – | 94.0% | 28.4% | +21.8% | – |
| GAYAHWS | ₹39 cr | – | – | – | – | -3.8% | +24.0% | – |
| MEP | ₹12 cr | – | – | – | – | -1,434.9% | – | – |
All 7 companies in Road Assets–Toll, Annuity, Hybrid-Annuity →
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-17 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-19 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Road Assets–Toll, Annuity, Hybrid-Annuity |
| Sub-industry | Road Assets–Toll, Annuity, Hybrid-Annuity |
| Symbol | GAYAHWS |
| BSE code | 541546 |
| ISIN | INE287Z01012 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.