Gayatri Projects Ltd
NSE: GAYAPROJ · Civil Construction · sector
₹19.55NSE close 2026-10-26
Key numbers
Market cap₹366 cr
Price₹19.55
52w high / low₹27 / ₹11
P/E0.2xSector median 12.2x
P/B0.6xSector median 1.3x
Book value₹32.4
Dividend yield–Sector median 0.76%
ROE–Sector median 10.2%
ROCE231.7%Sector median 12.9%
OPM199.7%Sector median 10.7%
Debt / equity0.51xSector median 0.36x
EV/EBITDA0.3xSector median 8.8x
Interest cover151.0x
Current ratio1.93x
Sales growth 3y-39.9%Sector median +6.7%
Profit growth 3y+261.9%Sector median +5.8%
PEG0.00x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹23 cr vs borrowings ₹311 cr (FY26): borrowings are higher by ₹289 cr.
- Operating profit covered interest 151.0x in the last 12 months.
- 4.89% of the promoters' shares are pledged (1.1% of all shares).
- Promoter holding rose by 19.62 percentage points in a year, to 23.56% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 3 years (FY26).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 8% of net profit in the last 12 months.
- No dividend in the last 4 financial years.
- Price ₹19.55 on 2026-10-26: -28.5% from the 52-week high, +77.9% 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 ₹24.09 · low ₹5.68
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2022 | Dec 2022 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 537 | 233 | 137 | 77 | 73 | 506 | 191 | 229 |
| EBITDA | -372 | -232 | -28 | 9 | 1 | 2,100 | -124 | 18 |
| OPM % | -69.2% | -99.8% | -20.4% | 11.9% | 0.9% | 415.1% | -64.8% | 8.0% |
| Other income | 2 | 30 | 200 | 6 | 10 | 89 | 33 | 25 |
| Net profit | -504 | -292 | 159 | -1 | -3 | 2,157 | -111 | 37 |
| EPS (₹) | -26.90 | -15.57 | 8.65 | -0.03 | -0.18 | 115.23 | -5.93 | 2.36 |
| Revenue YoY | -86.4% | +117.2% | +39.5% | +198.7% | ||||
| Profit YoY | – | – | -169.9% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY21 | FY22 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 3,901 | 3,102 | 450 | 847 | 999 |
| EBITDA | 442 | -531 | -26 | 1,985 | 1,995 |
| Net profit | 43 | -958 | 124 | 2,042 | 2,080 |
| EPS (₹) | 2.30 | -51.19 | 6.62 | 109.09 | 111.48 |
| Revenue growth | -20.5% | -85.5% | +88.2% | – | |
| Profit growth | -2,323.2% | – | +1,548.3% | – | |
| Dividend / share (₹) | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -39.9% | – | – |
| Net profit | +261.8% | – | – |
| EPS | +262.0% | – | – |
| Share price | – | +42.9% (2y) | +83.2% |
Balance sheet
| ₹ cr | FY22 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | – | -1,437 | 607 |
| Borrowings | – | 3,628 | 311 |
| Cash & equivalents | – | 250 | 23 |
| Total assets | – | 3,439 | 2,115 |
| Fixed assets | – | 180 | 77 |
| Capital work in progress | – | 12 | 6 |
| Investments | – | 363 | 0 |
| Receivables | – | 878 | 483 |
| Inventory | – | 139 | 129 |
| Payables | – | 451 | 309 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -695 | 277 | 490 |
| Cash from investing | 211 | 1 | 68 |
| Cash from financing | 425 | -69 | -782 |
| Capex | 17 | 3 | 5 |
| Free cash flow | -712 | 274 | 486 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY25 | FY26 |
|---|---|---|---|
| ROE % | – | -8.6% | 336.5% |
| ROCE % | – | 6.5% | 228.0% |
| Debtor days | – | 712 | 208 |
| Inventory days | – | 125 | 61 |
| Payable days | – | 408 | 146 |
| Cash conversion cycle (days) | – | 429 | 123 |
| Working capital days | – | -1,795 | 371 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 23.56% |
| FIIs | 17.95% |
| DIIs | 0.72% |
| Public (non-institutions) | 57.77% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Apr 2026 | Apr 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 3.94% | 3.94% | 3.94% | 3.94% | 2.49% | 23.13% | 23.56% | 23.56% |
| Promoter group | % |
|---|---|
| Sandeep Kumar Reddy Tikkavarapu | 21.85% |
| Indira Subbaramireddy Tikkavarapu | 1.60% |
| Rajiv Reddy Tikkavarapu | 0.11% |
| Tikkavarapu Sarita Reddy | 0.00% |
| Jenna Reddy Brij Mohan Reddy | 0.00% |
| Sulochana Gunupati | 0.00% |
| Public holders above 1% | % |
|---|---|
| Antara India Evergreen Fund Ltd | 7.54% |
| Varanium India Opportunity Ltd | 5.40% |
| RRS Family Trust | 4.98% |
| Zeal Global Opportunities Fund | 3.23% |
| Vishwa Infrastructures and Services Private Limite | 3.23% |
| GKC Projects Limited | 3.23% |
| Vivek Mundra | 3.15% |
| Aniruddh Mundra | 2.26% |
| Swing Wealth Management Private Limited | 2.15% |
| Ajay Surendrabhai Patel | 1.73% |
| Mankhushkaur Sarna | 1.66% |
| Satpal Khattar | 1.55% |
| M7 Global Fund Pcc-aerion | 1.08% |
| Flying Tortoise Retail Private Limited | 1.08% |
| Dnyaneshwar Trading and Investments PVT Ltd | 1.08% |
51,750 shareholders. Pledged: 4.89% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| GAYAPROJ | ₹366 cr | 0.2x | 0.6x | – | 231.7% | 199.7% | -39.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2021-09-15 | Other | Annual General Meeting |
| 2020-09-18 | Other | Annual General Meeting |
| 2019-09-19 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2018-01-30 | Restructuring | Scheme Of Arrangement |
| 2017-12-21 | Other | Annual General Meeting |
| 2017-02-10 | Split | Face Value Split From Rs 10/- Per Share To Rs 2/- Per Share |
| 2016-09-21 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2015-09-21 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2014-09-22 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2013-09-20 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
| 2012-09-12 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
| 2012-02-22 | Rights | Rights 1:1 @ Premium Rs.110 Per Share |
| 2011-08-30 | Dividend | Annual General Meeting And Dividend Rs.5/- Per Share |
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 | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | GAYAPROJ |
| BSE code | 532767 |
| ISIN | INE336H01023 |
| 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.