Gayatri Projects Ltd

GAYAPROJ

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Market Cap

₹ 219 Cr

P/E

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bullish

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Gayatri Projects Limited specializes in executing major civil works across infrastructure sectors such as roads, railways, and airports in India. It is one of the fastest-growing infrastructure companies and has a strong execution track record, particularly with government projects.

The company holds a significant share of the National Highway Authority of India's EPC projects, showcasing its prominence in the road construction sector.

Gayatri Projects has evolved through various strategic joint ventures, such as with IJM Corporation Berhad from Malaysia, enhancing its project capabilities.

A notable milestone is the launch of the Sembcorp Gayatri Power Complex, representing significant foreign direct investment in India's thermal energy sector.

In recent years, Gayatri Projects strategically divested certain assets, such as its stake in Sembcorp Energy India Ltd, and demerged its BOT road portfolio into Gayatri Highways.

Sector

Construction

Industry

Construction - Civil / Turnkey - Large

Market Cap

219 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

22.6

PEG Ratio

—

P/B Ratio

—

52W High

11.68

52W Low

5.45

Sales CAGR

-20.46%

-3.60%

7.96%

10Y

4.87%

Profit CAGR

-2323.23%

—

10Y

—

ROE

TTM

66.02%

-52.36%

-20.60%

10Y

-11.90%

ROCE

TTM

-30.76%

0.15%

5.60%

10Y

4.81%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VPRPL	72.84	902 Cr	29.30	1.14	0.00	3.89	7.85	1.52
RPPINFRA	98.60	489 Cr	8.80	0.88	0.51	9.94	12.68	5.63
SAVY	164.25	342 Cr	14.31	2.80	0.00	14.21	15.76	14.99
GAYAPROJ	11.68	219 Cr	—	0.00	0.00	66.02	-30.76	-42.03
REPL	119.41	216 Cr	20.84	1.40	0.00	6.73	9.95	4.70
DHRUV	49.30	94 Cr	13.90	0.89	0.40	6.36	8.02	4.50
SIPL	16.00	6 Cr	76.19	1.56	0.00	1.96	0.36	0.27

Financial Statements

Upcoming Result Date: Dec 23, 2025

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Sales	1,074	1,360	897	866	802	537	283	316	233	186
Expenses	930	1,251	788	958	978	769	556	460	465	264
Operating Profit	144	109	109	-93	-176	-231	-273	-144	-232	-79
OPM %	13.45	8.03	12.19	-10.74	-21.87	-43.08	-96.73	-45.40	-99.76	-42.57
Other Income	-0.21	-0.39	0.00	1.17	-0.55	-157	6.08	5.74	30	-454
Interest	86	72	68	79	94	98	109	116	77	4.26
Depreciation	22	19	19	19	20	18	15	14	12	15
Profit Before Tax	37	18	23	-190	-290	-504	-392	-268	-292	-552
Tax %	-4.09	-4.84	-1.73	0.16	0.48	0.10	0.00	0.00	0.00	0.00
Net Profit	38	19	23	-189	-288	-504	-392	-268	-292	-552
EPS in Rs	2.04	0.99	1.22	-10.11	-15.40	-26.90	-20.93	-14.33	-15.57	-29.51

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales	1,594	1,501	1,726	2,115	2,912	3,463	3,439	3,901	3,102	1,369
Expenses	1,263	1,159	1,519	1,792	2,569	2,919	3,052	3,458	3,493	2,250
Operating Profit	331	342	207	323	344	544	386	442	-391	-881
OPM %	20.76	22.77	11.98	15.27	11.80	15.70	11.23	11.34	-12.59	-64.33
Other Income	5.95	7.85	-12	0.43	-39	-8.56	-22	0.75	-156	-115
Interest	269	265	186	257	275	284	337	321	338	400
Depreciation	111	120	44	43	55	66	91	85	76	60
Profit Before Tax	-43	-35	-35	23	-25	185	-64	38	-961	-1,456
Tax %	-80.75	-33.99	-33.57	101.28	22.14	13.48	8.86	-14.21	0.27	0.04
Net Profit	-78	-48	-46	-0.30	-20	160	-58	43	-958	-1,455
EPS in Rs	—	—	—	—	—	5.41	-3.11	2.30	-51.19	-80.34
Dividend Payout %	-9.31	-9.53	-123.46	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	30	30	30	35	35	37	37	37	37	37
Reserves	638	607	701	514	476	973	1,136	873	916	-42
Borrowings	6,380	6,655	3,870	3,674	1,937	2,103	1,981	1,876	2,117	2,748
Other Liabilities	3,110	5,915	1,748	1,657	1,994	2,148	2,932	2,927	2,700	2,218
Total Liabilities	10,158	13,207	6,350	5,880	4,443	5,261	6,087	5,713	5,770	4,961
Fixed Assets	1,712	1,700	1,340	1,127	394	419	439	456	392	348
CWIP	4,970	7,933	1,481	1,310	30	6.45	7.03	17	29	9.20
Investments	358	259	739	859	978	1,198	1,201	572	565	546
Other Assets	3,119	3,314	2,789	2,584	3,041	3,637	4,440	4,667	4,783	4,057
Total Assets	10,158	13,207	6,350	5,880	4,443	5,261	6,087	5,713	5,770	4,961

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity	1,246	600	-24	470	234	213	516	361	228	-695
Cash from Investing Activity	-3,069	-3,034	-900	-663	-34	-30	-89	311	9.79	211
Cash from Financing Activity	1,416	2,726	488	226	-217	-164	-355	-683	-273	425
Net Cash Flow	-407	292	-436	32	-17	19	71	-9.85	-35	-58

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%	3.94%
FIIs	3.26%	3.95%	3.94%	3.92%	3.92%	3.92%	3.92%	3.92%	3.92%	1.91%	1.91%	1.91%
DIIs	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	1.07%	2.75%	2.75%	2.75%
Public	91.73%	91.04%	91.05%	91.07%	91.07%	91.07%	91.07%	91.07%	91.07%	91.39%	91.39%	91.39%
Total Shareholders	64,588	62,136	59,593	57,287	55,938	54,735	53,392	50,831	49,446	48,450	47,488	46,246

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Mar 17, 2025	Mankhushkaur sarna	Bulk	Buy	7.10	2.00 Cr	28,16,155	1.50
Mar 17, 2025	Harjindersingh jaswantsingh s...	Bulk	Sell	7.10	2.00 Cr	28,14,234	1.50
Aug 14, 2023	Ashjeet singh gurbir singh sarna	Bulk	Buy	6.43	0.94 Cr	14,65,000	0.78
Jan 13, 2023	Vaishali ajay patel	Bulk	Sell	8.26	1.56 Cr	18,86,406	1.00
Jan 13, 2023	Ajay surandrabhai patel	Bulk	Buy	8.26	2.20 Cr	26,62,406	1.42
Dec 28, 2022	Sanjana cryogenic storages ltd	Bulk	Buy	8.40	1.18 Cr	14,00,000	0.74
Dec 28, 2022	Santosh industries ltd	Bulk	Sell	8.41	2.03 Cr	24,13,294	1.28

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Board Meeting Outcome

16 hours ago

Board Meeting for Financial Results Approval

Gayatri Projects Ltd will hold a board meeting on December 24, 2025, to approve its financial results for multiple quarters and the year ending March 31, 2024.

Shareholder Meeting

17 hours ago

Summary of 34th AGM Proceedings

The 34th Annual General Meeting of Gayatri Projects Limited took place on December 17, 2025, via VC/OAVM, covering various financial resolutions and company growth plans.

Regulatory Filing

6 days ago

Delay in Financial Results Submission Reasons

Disclosure of reasons for the delay in the submission of financial results due to the company's recent corporate insolvency proceedings and pending new auditor appointment.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY22

Investor Presentation

Q1 FY22

Investor Presentation

Q4 FY21

Investor Presentation

Q3 FY21

Investor Presentation

Q2 FY21

Investor Presentation

Q1 FY21

Investor Presentation

Q1 FY21

Investor Presentation

Q3 FY20

Showing 1 - 8 of 21

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Financial Statements

Upcoming Result Date: Dec 23, 2025

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Sales	1,074	1,360	897	866	802	537	283	316	233	186
Expenses	930	1,251	788	958	978	769	556	460	465	264
Operating Profit	144	109	109	-93	-176	-231	-273	-144	-232	-79
OPM %	13.45	8.03	12.19	-10.74	-21.87	-43.08	-96.73	-45.40	-99.76	-42.57
Other Income	-0.21	-0.39	0.00	1.17	-0.55	-157	6.08	5.74	30	-454
Interest	86	72	68	79	94	98	109	116	77	4.26
Depreciation	22	19	19	19	20	18	15	14	12	15
Profit Before Tax	37	18	23	-190	-290	-504	-392	-268	-292	-552
Tax %	-4.09	-4.84	-1.73	0.16	0.48	0.10	0.00	0.00	0.00	0.00
Net Profit	38	19	23	-189	-288	-504	-392	-268	-292	-552
EPS in Rs	2.04	0.99	1.22	-10.11	-15.40	-26.90	-20.93	-14.33	-15.57	-29.51

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales	1,594	1,501	1,726	2,115	2,912	3,463	3,439	3,901	3,102	1,369
Expenses	1,263	1,159	1,519	1,792	2,569	2,919	3,052	3,458	3,493	2,250
Operating Profit	331	342	207	323	344	544	386	442	-391	-881
OPM %	20.76	22.77	11.98	15.27	11.80	15.70	11.23	11.34	-12.59	-64.33
Other Income	5.95	7.85	-12	0.43	-39	-8.56	-22	0.75	-156	-115
Interest	269	265	186	257	275	284	337	321	338	400
Depreciation	111	120	44	43	55	66	91	85	76	60
Profit Before Tax	-43	-35	-35	23	-25	185	-64	38	-961	-1,456
Tax %	-80.75	-33.99	-33.57	101.28	22.14	13.48	8.86	-14.21	0.27	0.04
Net Profit	-78	-48	-46	-0.30	-20	160	-58	43	-958	-1,455
EPS in Rs	—	—	—	—	—	5.41	-3.11	2.30	-51.19	-80.34
Dividend Payout %	-9.31	-9.53	-123.46	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	30	30	30	35	35	37	37	37	37	37
Reserves	638	607	701	514	476	973	1,136	873	916	-42
Borrowings	6,380	6,655	3,870	3,674	1,937	2,103	1,981	1,876	2,117	2,748
Other Liabilities	3,110	5,915	1,748	1,657	1,994	2,148	2,932	2,927	2,700	2,218
Total Liabilities	10,158	13,207	6,350	5,880	4,443	5,261	6,087	5,713	5,770	4,961
Fixed Assets	1,712	1,700	1,340	1,127	394	419	439	456	392	348
CWIP	4,970	7,933	1,481	1,310	30	6.45	7.03	17	29	9.20
Investments	358	259	739	859	978	1,198	1,201	572	565	546
Other Assets	3,119	3,314	2,789	2,584	3,041	3,637	4,440	4,667	4,783	4,057
Total Assets	10,158	13,207	6,350	5,880	4,443	5,261	6,087	5,713	5,770	4,961

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity	1,246	600	-24	470	234	213	516	361	228	-695
Cash from Investing Activity	-3,069	-3,034	-900	-663	-34	-30	-89	311	9.79	211
Cash from Financing Activity	1,416	2,726	488	226	-217	-164	-355	-683	-273	425
Net Cash Flow	-407	292	-436	32	-17	19	71	-9.85	-35	-58

Overview

Detailed Summary

The company holds a significant share of the National Highway Authority of India's EPC projects, showcasing its prominence in the road construction sector.

Gayatri Projects has evolved through various strategic joint ventures, such as with IJM Corporation Berhad from Malaysia, enhancing its project capabilities.

A notable milestone is the launch of the Sembcorp Gayatri Power Complex, representing significant foreign direct investment in India's thermal energy sector.

In recent years, Gayatri Projects strategically divested certain assets, such as its stake in Sembcorp Energy India Ltd, and demerged its BOT road portfolio into Gayatri Highways.

Sector

Construction

Industry

Construction - Civil / Turnkey - Large

Market Cap

219 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

22.6

PEG Ratio

—

P/B Ratio

—

52W High

11.68

52W Low

5.45

Sales CAGR

-20.46%

-3.60%

7.96%

10Y

4.87%

Profit CAGR

-2323.23%

—

10Y

—

ROE

TTM

66.02%

-52.36%

-20.60%

10Y

-11.90%

ROCE

TTM

-30.76%

0.15%

5.60%

10Y

4.81%