GAYAPROJIndustrials

Gayatri Projects Limited

Civil Construction · ISIN INE336H01023 · BSE 532767 · NSE EQ · FV ₹2
Last price
₹24
-4.95%today
What this company does

Gayatri Projects Limited operates in Civil Construction, part of the Industrials sector. It booked ₹229 cr of revenue in its latest quarter (Q1 FY27) and kept 16.2% of sales as profit.

In the report:
66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
55

At close. Not part of the score.

Profitability & returns73

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality51

Whether reported profit actually arrives as cash

Growth & consistency53

Whether sales and profit have grown, and how steadily

Valuation95

What today's price implies, against our models or its peers

Governance & risk70

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 16% net margin
Sales up 199% vs last year
Strong 24% return on equity
Watch-outs
! 4.9% of promoter stake pledged
! Operating cash flow is negative

What if I invest in GAYAPROJ?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹24 -4.95%
latest close · 2026-09-17
1-year return
-44.5%
52-wk low ₹1552-wk high ₹61
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio2.5Low
LowAverageHigh
P/B ratio0.61Below book
Below bookModerateHigh
EV / EBITDA3.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.5%Strong
WeakFairStrong ▸15%
Return on capital13.0%Fair
WeakFairStrong
Net margin16.2%Strong
ThinDecentStrong
EBITDA margin19.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.51Moderate
LowModerateHigh ▸1
Interest cover17.9×Strong
RiskyOkayStrong ▸5×
Current ratio1.93Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹371 cr
Book value
₹39
EPS
₹2.36
latest quarter
Net debt
₹289 cr
owes more than its cash
Enterprise value
₹660 cr
EBITDA
₹174 cr
annualised
EBIT
₹156 cr
annualised
Operating margin
17.0%
Return on assets
7.0%
Earnings yield
39.97%
P/S
0.41
Sales / share
₹58.2
Tax rate
0.0%
Face value
₹2
Shares
15.7 cr
Working capital
₹860 cr
Current assets
₹1,780 cr
Current liabilities
₹920 cr
Delivery %
65.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹54₹80, midpoint ₹67

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹229 cr
Other Income₹25 cr
Total Income₹254 cr
Cost of Materials₹134 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹34 cr
Employee Benefit Expense₹11 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹9 cr
Total Expenses₹195 cr
Exceptional Items₹-22 cr
Profit before Tax₹37 cr
Tax Expense₹0 cr
Share of JV / Associates₹34.5 L
Net Profit₹37 cr
Net margin on total income14.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹168 cr72.4%
Employee benefit expense₹11 cr4.6%
Finance costs₹2 cr0.9%
Depreciation & amortisation₹5 cr2.0%
Other expenses₹9 cr4.1%
Profit for the period₹37 cr16.0%
Total income ₹254 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue506 cr191 cr229 cr
Total income595 cr225 cr254 cr
Expenses546 cr180 cr195 cr
Profit before tax2,178 cr-98 cr37 cr
Tax22 cr12 cr0 cr
Net profit (owners' share)2,157 cr-111 cr37 cr
Net margin (owners' share, on revenue)426.4%-58.0%16.2%
EPS (₹)115.23-5.932.36
YoY (latest quarter): total income +208.7% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,115 cr
Shareholder equity
₹607 cr
parent shareholders
Total debt
₹311 cr
Cash
₹23 cr
Cash flow · H1 FY26
Operating
₹-212 cr
Investing
₹6 cr
Financing
₹-31 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹2
ex 21 Sep 2016
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-10 Feb 2017
Dividend₹2 / share21 Sep 2016
Dividend₹1 / share21 Sep 2015
Dividend₹2 / share22 Sep 2014
Dividend₹3 / share20 Sep 2013
Dividend₹3 / share12 Sep 2012
Who owns it · 2026-06-30
4.9% pledged
Promoter
23.6%
FII / Foreign
18.0%
DII / Domestic
0.7%
Retail / others
57.8%
Promoter stake up 19.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtT V Sandeep Kumar Reddy · Promoters10.00 cr · ₹100.0 cr22 Apr 26
SoldT. Indira Reddy · Promoters5.50 L · ₹61.3 L16 Nov 22
SoldT V Sandeep Kumar Reddy · Promoters14.50 L · ₹1.6 cr16 Nov 22
Bulk / block deals
BoughtDEEPA BAGLA FINANCIAL CONSULTANTS PRIVATE LIMITED · NSE10.00 L @ ₹19.8817 Apr 26
BoughtASHJEET SINGH GURBIR SINGH SARNA · NSE14.65 L @ ₹6.4314 Aug 23
SoldSANTOSH INDUSTRIES LTD · NSE24.13 L @ ₹8.4128 Dec 22
Stake changes
BoughtVaranium India Opportunity Ltd→ 5.38% · 2.50 cr23 Apr 26
BoughtAntara India Evergreen Fund Ltd→ 11.82% · 3.50 cr23 Apr 26
BoughtZeal Global Opportunities Fund→ 5.06% · 1.50 cr23 Apr 26
Promoter pledges
InvokedCanara Bank5.50 L · 3.15% held16 Nov 22
InvokedCanara Bank14.50 L · 0.77% held16 Nov 22
InvokedIDBI Trusteeship Services Limited (Trustee)3,805 · 3.15% held12 Oct 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 5 Mar 2026
See the official result
1
Adoption of Audited Standalone and Consolidated financial statements of the company for the financial year ended March 31, 2025 together with the reports of the Auditors and of the Board of Directors thereon
Backed by 100% of shareholders other than promotersneeded 50%
3.72 cr votes for, 376 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr.T.V.Sandeep Kumar Reddy (DIN: 00005573), Director, who retires by rotation
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
3.72 cr votes for, 958 against · 0% of mutual funds and other big investors said no
3
Ratification of remuneration payable to M/s. N.S.V.Krishna Rao & Co., Cost Auditors for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
3.72 cr votes for, 958 against · 0% of mutual funds and other big investors said no
4
Fixation of remuneration payable to Mr.T.V.Sandeep Kumar Reddy, Chairman & Managing Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
3.72 cr votes for, 958 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 23.6% between them · as of 2026-06-30
SANDEEP KUMAR REDDY TIKKAVARAPU21.85%
INDIRA SUBBARAMIREDDY TIKKAVARAPU1.60%
RAJIV REDDY TIKKAVARAPU0.11%
JENNA REDDY BRIJ MOHAN REDDYno shares
SULOCHANA GUNUPATIno shares
TIKKAVARAPU SARITA REDDYno shares
Business done with them
FY2023 · 1 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 0.3% of its ₹1,017 cr revenue.
SANDEEP KUMAR REDDY TIKKAVARAPU
Other payments to them · Remuneration
also owns 21.85% of the company
₹3 cr
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹277 cr raised in Apr 2026 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.