Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 17 | 15 | 25 | 7 | 7 | 5 | 49 | 1 | 11 | 2 | 80 | 2 |
| Expenses | 74 | -53 | 604 | 42 | -24 | 141 | -29 | 4 | 6 | 4 | 15 | 25 |
| Operating Profit | -57 | 69 | -580 | -35 | 31 | -136 | 78 | -2 | 4 | -2 | 65 | -23 |
| OPM % | -334% | 448% | -2,358% | -477% | 438% | -2,735% | 160% | -157% | 41% | -134% | 81% | -1,053% |
| Other Income | 1 | 52 | 94 | 7 | 92 | -91 | 26 | 127 | 6 | 3 | -27 | 1 |
| Interest | 286 | 293 | 275 | 288 | 296 | 304 | 306 | 318 | 327 | 346 | 341 | 349 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -343 | -173 | -761 | -316 | -174 | -532 | -203 | -194 | -317 | -346 | -303 | -372 |
| Tax % | 0% | 0% | 51% | 0% | 0% | 0% | -16% | 0% | 0% | 0% | 4% | 0% |
| Net Profit | -343 | -173 | -1,146 | -316 | -174 | -532 | -171 | -194 | -317 | -346 | -314 | -373 |
| EPS in Rs | -8.08 | -4.59 | -31.31 | -8.55 | -4.69 | -14.39 | -4.44 | -5.23 | -8.59 | -9.36 | -8.46 | -10.02 |
| Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,982 | 1,668 | 727 | 984 | 86 | 55 | 28 | 115 | 72 | 68 | 94 | 95 |
| Expenses | 6,611 | 1,668 | 603 | 1,155 | 147 | 115 | 344 | 217 | 655 | 130 | 29 | 51 |
| Operating Profit | 1,371 | -0 | 123 | -170 | -60 | -61 | -316 | -102 | -584 | -62 | 65 | 44 |
| OPM % | 17% | -0.0% | 17% | -17% | -70% | -111% | -1,136% | -88% | -814% | -91% | 69% | 46% |
| Other Income | 40 | -171 | -896 | -417 | 136 | 28 | 14 | 163 | 133 | 34 | 109 | -17 |
| Interest | 1,757 | 875 | 786 | 687 | 695 | 753 | 873 | 967 | 1,130 | 1,194 | 1,332 | 1,363 |
| Depreciation | 378 | 90 | 46 | 13 | 11 | 9 | 4 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | -723 | -1,137 | -1,605 | -1,288 | -631 | -795 | -1,179 | -908 | -1,583 | -1,224 | -1,159 | -1,338 |
| Tax % | 22% | 1% | -0% | 1% | 0% | -0% | 0% | -1% | 24% | -3% | 1% | |
| Net Profit | -884 | -1,154 | -1,599 | -1,296 | -631 | -795 | -1,181 | -897 | -1,969 | -1,192 | -1,170 | -1,349 |
| EPS in Rs | -21.32 | -29.40 | -41.98 | -32.74 | -17.04 | -21.15 | -31.60 | -25.07 | -53.18 | -32.07 | -31.65 | -36.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -36% | 12% | -6% | 53% | ||
| Compounded Profit Growth | -7% | -21% | -7% | -27% | ||
| Stock Price CAGR | -20% | % | % | % | ||
| Return on Equity | % | % | % | % |
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 73 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 |
| Reserves | -352 | 147 | -474 | -2,241 | -3,449 | -4,386 | -5,248 | -6,571 | -8,242 | -10,355 | -11,608 | -13,166 |
| Borrowings | 11,061 | 9,477 | 8,149 | 5,750 | 5,329 | 5,430 | 572 | 572 | 256 | 100 | 76 | 68 |
| Other Liabilities | 8,451 | 4,930 | 3,985 | 2,225 | 2,611 | 3,300 | 8,802 | 9,664 | 10,738 | 11,414 | 12,578 | 14,164 |
| Total Liabilities | 19,188 | 14,627 | 11,734 | 5,809 | 4,564 | 4,419 | 4,199 | 3,739 | 2,827 | 1,233 | 1,119 | 1,140 |
| Fixed Assets | 7,393 | 4,132 | 3,248 | 607 | 444 | 430 | 419 | 413 | 406 | 405 | 403 | 402 |
| CWIP | 2,675 | 611 | 829 | 10 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 804 | 470 | 1,121 | 1,204 | 855 | 752 | 764 | 578 | 134 | 20 | 31 | 18 |
| Other Assets | 8,315 | 9,414 | 6,536 | 3,988 | 3,262 | 3,235 | 3,017 | 2,748 | 2,287 | 808 | 685 | 721 |
| Total Assets | 19,188 | 14,627 | 11,734 | 5,809 | 4,564 | 4,419 | 4,199 | 3,739 | 2,827 | 1,233 | 1,119 | 1,140 |
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 186 | 2,080 | 169 | 210 | 363 | -9 | 8 | -2 | -23 | -1 | 23 | 0 |
| Cash from Investing Activity | -217 | -246 | -31 | 71 | 130 | 6 | 7 | 0 | 12 | -1 | 2 | 20 |
| Cash from Financing Activity | 96 | -1,830 | -283 | -353 | -520 | 1 | -10 | 1 | 12 | 0 | -25 | -17 |
| Net Cash Flow | 66 | 4 | -145 | -72 | -27 | -2 | 4 | -1 | 1 | -2 | 0 | 3 |
| Free Cash Flow | -32 | 1,797 | -34 | 197 | 377 | -5 | 12 | 1 | -21 | -1 | 23 | 0 |
| CFO/OP | 242% | 159% | -46,060% | 184% | -219% | 11% | -8% | 0% | 24% | 0% | -40% | 16% |
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 131 | 34 | 110 | 100 | 58 | 234 | 366 | 726 | 99 | 166 | 255 | 117 |
| Inventory Days | 880 | 454 | 1,967 | 2,698 | 2,551 | 16,126 | 22,211 | 27,938 | 3,545 | 495 | 33 | 294 |
| Days Payable | 396 | 174 | 316 | 374 | 656 | 3,214 | 4,722 | 5,642 | 1,071 | 715 | 478 | 2,492 |
| Cash Conversion Cycle | 615 | 314 | 1,760 | 2,423 | 1,953 | 13,146 | 17,855 | 23,022 | 2,572 | -54 | -190 | -2,081 |
| Working Capital Days | -14 | -79 | -307 | -2,710 | -2,343 | -30,359 | -53,594 | -116,472 | -31,778 | -57,691 | -67,520 | -54,741 |
| ROCE % | 10% | -0% | 7% | -6% | 4% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% | 11.55% |
| FIIs | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 0.04% | 0.04% |
| DIIs | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% |
| Public | 24.79% | 24.77% | 24.77% | 24.77% | 24.77% | 24.77% | 24.78% | 24.78% | 24.77% | 24.77% | 25.89% | 25.89% |
| No. of Shareholders | 42,648 | 42,634 | 42,617 | 42,605 | 42,605 | 42,592 | 42,579 | 42,578 | 42,568 | 42,563 | 42,558 | 42,545 |
Fundamentals
Market Cap₹ 61.0 Cr.
Current Price₹ 1.65
Book Value₹ -354
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)53%
Compounded Profit Growth (TTM)-27%
Consolidated figures.
Valuation
Market capRs 61 Cr
Enterprise valueRs 114 Cr
Price to book-0.00x
Price to sales0.64x
EV / EBITDA4.16x
EV / EBIT4.42x
EV / sales1.19x
Price to cash flow173.97x
Earnings yield-2211.04%
P/B, 3-year average-0.01x
P/B, 5-year average-0.01x
Profitability
Operating margin (excl. other income)68.79%
Operating margin (incl. other income)184.53%
EBITDA margin28.70%
Pre-tax margin-1405.03%
Net profit margin-1413.99%
Net margin, latest quarter-16901.83%
ROE9.50%
ROA-103.53%
ROE, 3-year average13.89%
ROA, 3-year average-100.37%
ROE, 5-year average14.86%
ROA, 5-year average-71.75%
Tax rate-0.96%
Other income / net worth-0.84%
Growth
Sales growth (latest year)39.17%
Sales CAGR, 3 years-6.36%
Sales CAGR, 5 years11.62%
Sales growth QoQ-97.28%
Sales growth YoY (latest quarter)50.00%
Per share
EPS (TTM)Rs -36.48
EPS (latest year)Rs -31.69
EPS (latest quarter)Rs -10.03
EPS, 3-year averageRs -39.02
EPS, 5-year averageRs -34.77
Book value per shareRs -354.77
Sales per shareRs 2.58
Cash flow per shareRs 0.01
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.08x
Fixed asset turnover0.24x
Inventory turnover1.52x
Inventory days241 days
Debtor days117 days
Debtors turnover3.11x
Creditor days2492 days
Cash conversion cycle-2081 days
Working capital days-54741 days
Leverage
Total debtRs 68 Cr
Cash and bankRs 15 Cr
Net debtRs 53 Cr
Debt to equity-0.01x
Net debt / EBITDA1.93x
Interest coverage0.02x
Owners' fund to total sources-1148.23%
Debt to assets5.98%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs 20 Cr
Cash from Financing Activity (latest year)Rs -17 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Sales to cash flow269.94x
Statement figures
Net sales (TTM)Rs 95 Cr
Net sales (latest year)Rs 94 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 65 Cr
Operating profit (latest quarter)Rs -23 Cr
Other income (TTM)Rs -17 Cr
EBITDA (TTM)Rs 27 Cr
PBDT (TTM)Rs -1,336 Cr
Profit before tax (TTM)Rs -1,338 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs -1,346 Cr
Net profit (latest year)Rs -1,170 Cr
Net profit (latest quarter)Rs -370 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1,363 Cr
Cost of goods sold (latest year)Rs 13 Cr
Total expenditure (latest year)Rs 29 Cr
Total income (latest year)Rs 204 Cr
Share capitalRs 74 Cr
ReservesRs -13,166 Cr
Shareholders' fundsRs -13,092 Cr
Total assetsRs 1,140 Cr
Net blockRs 402 Cr
InvestmentsRs 18 Cr
ReceivablesRs 30 Cr
InventoryRs 9 Cr
Other liabilitiesRs 14,164 Cr
Shares outstanding (crore)36.90
Ownership
Promoter holding11.55% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | GAMMONIND | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -13.2% | -2.8% | -10.4 pts |
| 1 month | -55.4% | -6.8% | -48.6 pts |
| 3 months | -77.7% | -7.6% | -70.1 pts |
| 6 months | -74.6% | +0.4% | -75.0 pts |
| 1 year | -82.9% | -9.9% | -73.0 pts |
| 2 years | -85.8% | -13.6% | -72.3 pts |
| 3 years | -85.6% | +14.2% | -99.8 pts |
| 5 years | -83.6% | +27.9% | -111.5 pts |
Red flags
F-score 7 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2 Cr +100.0% vs Jun 2025.
Net loss ₹373 Cr.
Activity
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No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2022-09-22 | Annual General Meeting | |
| 2021-09-21 | Annual General Meeting | |
| 2020-12-18 | Annual General Meeting | |
| 2019-12-05 | Annual General Meeting | |
| 2019-05-28 | Annual General Meeting | |
| 2018-03-12 | Annual General Meeting | |
| 2016-09-09 | Annual General Meeting | |
| 2015-03-17 | Annual General Meeting | |
| 2014-06-23 | Annual General Meeting | |
| 2013-09-17 | Annual General Meeting | |
| 2012-09-17 | Dividend Re 0.20 Per Share | |
| 2011-09-19 | Dividend-Re.0.40 Per Share | |
| 2010-09-23 | Dividend-Re.0.60 Per Share | |
| 2010-08-24 | 1st Interim Dividend-Re.0.40 Per Share (Purpose Revised) | |
| 2009-10-07 | Dividend-Re.0.60 Pr Share | |
| 2008-09-17 | Dividend - 25% | |
| 2007-09-12 | Final Dividend-5% | |
| 2007-03-28 | Interim Dividend-20% Purpose Revised | |
| 2006-09-15 | Dividend-30% |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | General Updates | General Updates |
| 2026-09-30 | Cessation | Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, for Resignation of Company Secretary and Comp... |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Gammon India Ltd?
Gammon India Ltd (GAMMONIND) has a market capitalisation of Rs 61.0 Cr. at the 2018-09-10 close.
What were Gammon India Ltd's latest quarterly results?
In the Jun 2026 quarter, Gammon India Ltd sales was Rs 2 Cr (+100.0% vs Jun 2025) with a net loss of Rs 373 Cr.