Price
Financials
Standalone, 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 | 21 | 58 | 60 | 35 | 47 | 62 | 81 | 125 | 116 | 140 | 149 | 175 |
| Expenses | 14 | 39 | 41 | 23 | 33 | 45 | 57 | 89 | 82 | 95 | 101 | 119 |
| Operating Profit | 7 | 19 | 19 | 12 | 13 | 17 | 24 | 36 | 34 | 45 | 48 | 56 |
| OPM % | 33% | 32% | 32% | 33% | 29% | 28% | 30% | 29% | 30% | 32% | 32% | 32% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 2 | 0 | -0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 18 | 19 | 12 | 14 | 17 | 24 | 37 | 36 | 44 | 47 | 56 |
| Tax % | 25% | 25% | 29% | 25% | 25% | 25% | 26% | 25% | 25% | 25% | 26% | 25% |
| Net Profit | 5 | 14 | 14 | 9 | 10 | 13 | 18 | 28 | 27 | 33 | 34 | 42 |
| EPS in Rs | 0.69 | 1.85 | 1.84 | 1.16 | 1.37 | 1.38 | 1.94 | 3.01 | 2.92 | 3.54 | 3.70 | 4.47 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 124 | 72 | 77 | 161 | 154 | 225 | 531 | 581 |
| Expenses | 120 | 57 | 50 | 105 | 104 | 159 | 367 | 397 |
| Operating Profit | 4 | 15 | 27 | 56 | 50 | 66 | 164 | 184 |
| OPM % | 3.4% | 21% | 35% | 35% | 32% | 30% | 31% | 32% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 2 | 3 | 2 |
| Interest | 3 | 2 | 2 | 0 | 0 | 1 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 12 | 25 | 55 | 50 | 67 | 164 | 183 |
| Tax % | 26% | 24% | 24% | 26% | 27% | 25% | 25% | |
| Net Profit | 1 | 9 | 19 | 41 | 36 | 50 | 123 | 136 |
| EPS in Rs | 1.34 | 7.45 | 15.08 | 32.75 | 4.88 | 5.35 | 13.17 | 14.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 49% | 49% | 84% | ||
| Compounded Profit Growth | % | 60% | 44% | 97% | ||
| Stock Price CAGR | % | % | % | -2% | ||
| Return on Equity | % | 33% | 29% | 31% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 12 | 12 | 12 | 37 | 47 | 47 |
| Reserves | 3 | 11 | 29 | 70 | 82 | 285 | 408 |
| Borrowings | 31 | 15 | 12 | 0 | 0 | 0 | 12 |
| Other Liabilities | 112 | 95 | 57 | 94 | 109 | 74 | 174 |
| Total Liabilities | 157 | 133 | 111 | 176 | 228 | 406 | 641 |
| Fixed Assets | 1 | 1 | 2 | 2 | 2 | 11 | 70 |
| CWIP | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Investments | 12 | 4 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 142 | 125 | 107 | 172 | 225 | 393 | 569 |
| Total Assets | 157 | 133 | 111 | 176 | 228 | 406 | 641 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -11 | 8 | 13 | 12 | -7 | -111 | 41 |
| Cash from Investing Activity | -6 | 12 | -1 | -2 | 3 | -50 | -44 |
| Cash from Financing Activity | 17 | -18 | -5 | -12 | -0 | 162 | 9 |
| Net Cash Flow | -0 | 2 | 7 | -2 | -4 | 1 | 6 |
| Free Cash Flow | -17 | 16 | 12 | 12 | -7 | -111 | 40 |
| CFO/OP | -231% | 59% | 62% | 33% | 15% | -141% | 31% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 166 | 143 | 175 | 417 | 293 | 165 |
| Inventory Days | 0 | 0 | 87 | 209 | 31 | ||
| Days Payable | 1,310 | 1,970 | 294 | ||||
| Cash Conversion Cycle | 78 | 166 | -1,080 | -1,587 | 417 | 293 | -98 |
| Working Capital Days | 66 | 130 | 70 | 127 | 213 | 405 | 220 |
| ROCE % | 43% | 58% | 81% | 49% | 30% | 42% |
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% |
| FIIs | 6.65% | 4.53% | 4.48% | 3.09% | 2.34% | 2.64% | 2.63% |
| DIIs | 1.45% | 0.93% | 0.65% | 1.12% | 1.01% | 0.48% | 0.23% |
| Public | 24.34% | 26.97% | 27.31% | 28.23% | 29.08% | 29.32% | 29.58% |
| No. of Shareholders | 44,236 | 44,150 | 43,469 | 48,818 | 49,387 | 49,607 | 49,675 |
Fundamentals
Market Cap₹ 1,643 Cr.
Current Price₹ 177
Stock P/E12.1
Book Value₹ 48.8
ROCE41.8 %
ROE31.2 %
Dividend Yield0.01 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)84%
Compounded Profit Growth (TTM)97%
Standalone figures.
Valuation
Market capRs 1,603 Cr
Enterprise valueRs 1,596 Cr
P/E (TTM)11.78x
Price to book19.40x
Price to sales2.76x
EV / EBITDA8.60x
EV / EBIT8.61x
EV / sales2.75x
Price to cash flow130.71x
Earnings yield8.49%
Profitability
Operating margin (excl. other income)34.63%
Operating margin (incl. other income)34.84%
EBITDA margin31.95%
Pre-tax margin31.42%
Net profit margin23.43%
Net margin, latest quarter23.70%
ROE65.59%
ROCE81.23%
ROA28.39%
ROE, 3-year average58.02%
ROCE, 3-year average58.37%
ROA, 3-year average16.74%
ROIC (approx.)180.16%
Tax rate25.94%
Other income / net worth0.41%
Growth
Sales growth (latest year)108.63%
Profit growth (latest year)117.25%
Sales CAGR, 3 years9.04%
Profit CAGR, 3 years202.77%
Sales growth QoQ17.67%
Profit growth QoQ20.74%
Sales growth YoY (latest quarter)40.12%
Profit growth YoY (latest quarter)48.38%
Per share
EPS (TTM)Rs 14.62
EPS (latest year)Rs 32.75
EPS (latest quarter)Rs 4.47
EPS, 3-year averageRs 18.43
Book value per shareRs 8.88
Sales per shareRs 62.42
Cash flow per shareRs 1.32
Free cash flow per shareRs 4.30
Efficiency
Asset turnover0.91x
Fixed asset turnover83.26x
Inventory turnover15.10x
Inventory days24 days
Debtor days175 days
Debtors turnover2.09x
Creditor days294 days
Cash conversion cycle-98 days
Working capital days220 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 7 Cr
Net debtRs -6 Cr
Debt to equity0.00x
Net debt / EBITDA-0.03x
Interest coverage66.66x
Current ratio (filing 2026-03-31)2.84x
Quick ratio (filing 2026-03-31)2.77x
Trade payables (filing 2026-03-31)Rs 117 Cr
Owners' fund to total sources46.84%
Debt to assets0.11%
Cash flow
Cash from Operating Activity (latest year)Rs 12 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -12 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 40 Cr
FCFE (approx.: FCF + change in debt)Rs 28 Cr
Cash from ops / profit, 5 years-0.19x
Sales to cash flow13.11x
Statement figures
Net sales (TTM)Rs 581 Cr
Net sales (latest year)Rs 161 Cr
Sales (latest quarter)Rs 175 Cr
Operating profit excl. other income (latest year)Rs 56 Cr
Operating profit (latest quarter)Rs 56 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 186 Cr
PBDT (TTM)Rs 183 Cr
Profit before tax (TTM)Rs 183 Cr
Tax (latest year)Rs 14 Cr
Net profit (TTM)Rs 136 Cr
Net profit (latest year)Rs 41 Cr
Net profit (latest quarter)Rs 42 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 100 Cr
Total expenditure (latest year)Rs 105 Cr
Total income (latest year)Rs 161 Cr
Share capitalRs 12 Cr
ReservesRs 70 Cr
Shareholders' fundsRs 83 Cr
Total assetsRs 176 Cr
Net blockRs 2 Cr
Capital work in progressRs 2 Cr
ReceivablesRs 77 Cr
InventoryRs 7 Cr
Other liabilitiesRs 94 Cr
Shares outstanding (crore)9.31
Ownership
Promoter holding67.56% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.8 is at the 8th percentile of its own 2.1-year range
(median 21.1, low 11.6, high 133.8).
P/B 19.40 is at the 4th percentile (median 39.56).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GARUDA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.4% | -2.8% | -0.6 pts |
| 1 month | -4.3% | -6.8% | +2.5 pts |
| 3 months | -3.3% | -7.6% | +4.3 pts |
| 6 months | +29.7% | +0.4% | +29.3 pts |
| 1 year | -12.2% | -9.9% | -2.3 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was 49% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 16% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 155% vs sales +109% in 2026 |
| look | Auditor change Auditor change 2026-09-04: Garuda Construction and Engineering Limited has informed the Exchange regarding Change in Auditors of the company. |
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 ₹175 Cr +40.0% vs Jun 2025.
Net profit ₹42 Cr +50.0%.
Against our estimate for Jun 2026: sales -12.5%, profit -8.9% miss. Our estimate for Sep 2026: sales Rs 186 Cr, profit Rs 43 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2025-02-17 | Interim Dividend - Re 0.025 Per Share |
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 Garuda Construction and Engineering Ltd?
Garuda Construction and Engineering Ltd (GARUDA) has a market capitalisation of Rs 1,643 Cr. at the 2026-10-01 close.
What is the P/E ratio of Garuda Construction and Engineering Ltd?
Garuda Construction and Engineering Ltd trades at a P/E of 12.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Garuda Construction and Engineering Ltd's latest quarterly results?
In the Jun 2026 quarter, Garuda Construction and Engineering Ltd sales was Rs 175 Cr (+40.0% vs Jun 2025) and net profit was Rs 42 Cr.
What is the 52-week high and low of Garuda Construction and Engineering Ltd?
The 52-week high is Rs 249.30 and the 52-week low is Rs 130.00.