MarketFriction

GVK Power & Infrastructure Ltd

NSE GVKPIL · BSE 532708 · Power Generation
₹2.51 -1.95%
NSE close2026-10-01
52 week range2.04 - 3.66
Market cap₹414 Cr.
GSMInsolvency Price band 2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales379.63134.6468.70223.95390.87143.2444.1080.530.000.000.000.00
Expenses31.9536.8937.9045.8629.6528.0339.32363.662.513.364.052.23
Operating Profit347.6897.7530.80178.09361.22115.214.78-283.13-2.51-3.36-4.05-2.23
OPM %91.58%72.60%44.83%79.52%92.41%80.43%10.84%-351.58%
Other Income16.1220.1823.5517.03621.4918.17-16.29-1,040.921.322.261.431.69
Interest134.92132.66133.15129.83110.2094.0988.8231.150.000.000.000.00
Depreciation57.6156.6555.7255.9856.5656.5755.3822.150.020.010.010.01
Profit before tax171.27-71.38-134.529.31815.95-17.28-155.71-1,377.35-1.21-1.11-2.63-0.55
Tax %8.83%8.25%6.26%47.69%0.58%33.28%25.47%0.00%0.00%0.00%14.45%0.00%
Net Profit156.15-77.27-142.944.87811.19-23.03-195.37-1,377.36-1.21-1.11-3.01-0.55
EPS in Rs0.39-0.38-0.64-0.074.57-0.09-0.83-5.28-0.01-0.01-0.02-0.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,206.873,516.473,863.214,098.173,846.87310.33858.262,120.361,080.14802.1680.530.00
Expenses2,254.202,500.942,875.552,391.503,191.33225.85566.38804.69154.21142.86373.5812.15
Operating Profit952.671,015.53987.661,706.67655.5484.48291.881,315.67925.93659.30-293.05-12.15
OPM %29.71%28.88%25.57%41.64%17.04%27.22%34.01%62.05%85.72%82.19%-363.90%
Other Income728.68257.151,004.22290.44163.64-625.352,973.693,300.7074.99640.40-1,035.916.70
Interest1,650.761,890.371,643.081,513.021,484.22305.27420.701,073.71533.73422.9431.150.00
Depreciation548.96668.67724.60791.58802.5052.15136.17399.74227.02224.4922.190.05
Profit before tax-518.37-1,286.36-375.80-307.49-1,467.54-898.292,708.703,142.92240.17652.27-1,382.30-5.50
Tax %15.42%4.45%42.99%-1.00%5.26%4.31%2.69%2.29%12.06%8.37%0.03%
Net Profit-687.19-1,343.63-537.37-304.42-1,544.72-937.012,635.933,071.08211.21597.66-1,382.69-5.88
EPS in Rs-4.35-8.25-3.56-2.30-9.46-4.8416.7515.440.133.58-5.32-0.04
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-31%-24%-66%-100%
Compounded Profit Growth6%2%%96%
Stock Price CAGR-9%1%-40%-26%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital157.92157.92157.92157.92157.92157.92157.92157.92157.92157.92157.92157.92
Reserves1,780.76843.28-454.75-999.18-1,360.97-2,855.19-3,617.82-3,997.42-1,309.24-1,340.41-775.29-1,614.80
Borrowings24,873.6316,644.2815,811.2714,625.0713,955.0513,217.323,501.3010,522.954,838.784,599.143,370.46700.54
Other Liabilities6,039.624,649.544,992.936,366.458,976.429,914.3519,939.634,886.954,001.104,391.302,415.931,326.09
Total Liabilities32,851.9322,295.0220,507.3720,150.2621,728.4220,434.4019,981.0311,570.407,688.567,807.955,169.02569.75
Fixed Assets11,484.4914,433.0214,164.0813,986.3414,417.4412,426.04386.997,325.503,861.183,637.453,414.50116.67
CWIP12,504.391,445.771,426.151,602.052,806.123,938.92570.670.000.000.000.000.00
Investments2,062.283,744.461,757.06789.32892.74159.3021.251,375.211,501.291,389.95124.63103.22
Other Assets6,800.772,671.773,160.083,772.553,612.123,910.1419,002.122,869.692,326.092,780.551,629.89349.86
Total Assets32,851.9322,295.0220,507.3720,150.2621,728.4220,434.4019,981.0311,570.407,688.567,807.955,169.02569.75
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,293.951,642.571,433.232,482.561,248.831,729.82376.95343.151,620.45793.97598.565.91
Cash from Investing Activity-1,109.67-1,489.99897.45-7.92-782.49-515.14114.85281.83-183.37-158.9878.58205.75
Cash from Financing Activity-252.22-569.48-2,172.11-2,431.38-1,051.77-1,325.60-220.98-534.99-1,483.85-638.49-829.87-517.80
Net Cash Flow-67.94-416.90158.5743.26-585.43-110.92270.8289.99-46.77-3.50-152.73-306.14
Free Cash Flow-278.2299.01944.041,759.80-59.101,071.05376.89332.081,624.25784.47588.862.44
CFO/OP169%167%167%277%76%259%485%134%135%94%94%-2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days38.4450.5546.0739.5537.1138.202.19198.668.2716.5914.130.05
Inventory Days
Days Payable
Cash Conversion Cycle38.4450.5546.0739.5537.1138.202.19198.668.2716.5914.130.05
Working Capital Days-806.32-549.33-633.98-430.93-377.68-498.80-4,103.75-4,238.48-533.51-1,104.54-1,326.71-769.75
ROCE %0.65%3.83%2.89%3.24%7.89%0.12%0.70%3.77%15.25%14.80%10.55%-12.29%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%
FIIs0.36%0.52%0.85%0.85%0.53%0.19%0.05%0.03%0.03%0.03%0.00%0.00%
DIIs0.48%0.48%0.48%0.48%0.49%0.49%0.49%0.46%0.42%0.42%0.42%0.34%
Public44.89%44.73%44.40%44.41%44.71%45.06%45.20%45.25%45.28%45.28%45.32%45.40%
No. of Shareholders3,14,1073,49,2314,45,7854,81,6864,78,8434,78,4844,78,3104,71,0114,64,8464,56,1974,49,9474,46,590

Fundamentals

Market Cap₹ 414 Cr.
Current Price₹ 2.61
Book Value₹ -9.23
ROCE-12.3 %
ROE%
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-100%
Compounded Profit Growth (TTM)96%
Consolidated figures.
Valuation
Market capRs 396 Cr
Enterprise valueRs 1,051 Cr
Price to book-0.27x
Price to sales4.92x
EV / EBITDA40.90x
EV / EBIT40.98x
EV / sales13.05x
Price to cash flow67.07x
Earnings yield-1.48%
P/E, 3-year average38.17x
P/B, 3-year average-0.78x
P/E, 5-year average19.16x
P/B, 5-year average-0.55x
Profitability
Operating margin (excl. other income)-363.90%
Operating margin (incl. other income)-1650.27%
EBITDA margin31.91%
Pre-tax margin-6.83%
Net profit margin-7.26%
ROE80.95%
ROCE-135.33%
ROA-29.26%
ROE, 3-year average5.47%
ROCE, 3-year average-26.23%
ROA, 3-year average-6.76%
ROE, 5-year average-30.76%
ROCE, 5-year average19.14%
ROA, 5-year average4.36%
Tax rate-0.03%
Other income / net worth71.10%
Growth
Sales growth (latest year)-89.96%
Profit growth (latest year)-248.55%
Sales CAGR, 3 years-66.39%
Sales CAGR, 5 years-23.65%
Per share
EPS (TTM)Rs -0.04
EPS (latest year)Rs -5.32
EPS (latest quarter)Rs -0.00
EPS, 3-year averageRs -0.54
EPS, 5-year averageRs 6.12
Book value per shareRs -9.23
Sales per shareRs 0.51
Cash flow per shareRs 0.04
Free cash flow per shareRs 0.02
Efficiency
Asset turnover0.14x
Fixed asset turnover0.69x
Debtor days0 days
Debtors turnover8053.00x
Cash conversion cycle0 days
Working capital days-770 days
Leverage
Total debtRs 701 Cr
Cash and bankRs 46 Cr
Net debtRs 655 Cr
Debt to equity-0.48x
Net debt / EBITDA25.48x
Interest coverage0.82x
Current ratio (filing 2026-03-31)0.80x
Quick ratio (filing 2026-03-31)0.80x
Trade payables (filing 2026-03-31)Rs 1 Cr
Owners' fund to total sources-255.71%
Debt to assets122.96%
Cash flow
Cash from Operating Activity (latest year)Rs 6 Cr
Cash from Investing Activity (latest year)Rs 206 Cr
Cash from Financing Activity (latest year)Rs -518 Cr
Net Cash Flow (latest year)Rs -306 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs -2,667 Cr
Cash from ops / profit, 5 years0.65x
Sales to cash flow13.63x
Statement figures
Net sales (TTM)Rs 81 Cr
Net sales (latest year)Rs 81 Cr
Operating profit excl. other income (latest year)Rs -293 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs -5 Cr
Profit before tax (TTM)Rs -6 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -6 Cr
Net profit (latest year)Rs -840 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 31 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 374 Cr
Total income (latest year)Rs -955 Cr
Share capitalRs 158 Cr
ReservesRs -1,615 Cr
Shareholders' fundsRs -1,457 Cr
Total assetsRs 570 Cr
Net blockRs 117 Cr
InvestmentsRs 103 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 1,326 Cr
Shares outstanding (crore)157.92
Ownership
Promoter holding54.25% (+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).
PeriodGVKPILNifty 50Difference
1 week-2.7%-2.8% +0.1 pts
1 month+20.7%-6.8% +27.5 pts
3 months-6.7%-7.6% +0.9 pts
6 months+5.9%+0.4% +5.5 pts
1 year-32.0%-9.9% -22.1 pts
2 years-64.7%-13.6% -51.2 pts
3 years-79.0%+14.2% -93.2 pts
5 years+0.4%+27.9% -27.5 pts

Red flags

F-score 3 of 8
seriousNegative equity Shareholders' equity is negative
lookOn NSE surveillance On NSE surveillance: GSM, Insolvency
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 2026
Sales ₹0 Cr -100.0% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-12-27Annual General Meeting
2023-08-25Annual General Meeting
2022-08-18Annual General Meeting
2022-02-17Annual General Meeting
2021-10-21 Annual General Meeting
2019-09-19 Annual General Meeting
2018-11-06 Annual General Meeting
2017-09-21 Annual General Meeting
2016-08-05 Annual General Meeting
2015-08-06Annual General Meeting
2014-08-07Annual General Meeting
2013-08-01Annual General Meeting
2012-08-02Annual General Meeting
2011-07-28Annual General Meeting
2010-07-21Annual General Meeting
2009-07-22Annual General Meeting
2008-07-23Agm
2008-02-08Fv Split Rs.10/- To Re.1/0.1000
2007-11-29Agm
2006-11-06Interim Dividend-25%
2006-08-30Agm
DateTypeWhat it says
2026-09-30Shareholder meetingVoting Result
2026-09-30Shareholder meetingPlease find enclosed the Scrutinizer report for the 32nd Annual General meeting
2026-09-30Shareholder meetingPlease find enclosed the proceedings of 32nd Annual General meeting
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.
Order dateForumCase
2021-07-30NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd Vs
2021-03-02NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd
2021-02-22NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd
2021-01-04NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd
2020-11-11NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd
2020-10-06NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)GSMInsolvency Resolution Process(IRP)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03