Gaja Alternative Asset Management Ltd
Incorporated in 1999, Gaja Capital
Ltd partners with entrepreneurs to
build leading businesses in India's
mid-market. It has developed a
differentiated alpha-oriented
strategy focused on high-
growth sectors such as
digital technology, consumer,
financial services and education.[1]
- Market Cap ₹ 1,698 Cr.
- Current Price ₹ 120
- High / Low ₹ 192 / 113
- Stock P/E 19.7
- Book Value ₹
- Dividend Yield 0.62 %
- ROCE 17.0 %
- ROE 15.9 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
Cons
- Company has high debtors of 354 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Capital Markets Asset Management Company
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 38 | 56 | 77 | 122 | 136 | |
| 56 | 53 | 46 | 61 | 63 | |
| Operating Profit | -18 | 3 | 31 | 61 | 72 |
| OPM % | -47% | 4.7% | 40% | 50% | 53% |
| 35 | 58 | 27 | 1 | 22 | |
| Interest | 7 | 1 | 1 | 1 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 3 |
| Profit before tax | 9 | 58 | 55 | 59 | 87 |
| Tax % | -7% | 28% | 19% | -5% | 6% |
| 10 | 42 | 45 | 62 | 82 | |
| EPS in Rs | 5.71 | 7.06 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 16% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 56 |
| Reserves | 187 | 288 | 332 | 389 | 550 |
| 1 | 4 | 4 | 10 | 53 | |
| 12 | 43 | 52 | 53 | 47 | |
| Total Liabilities | 200 | 335 | 387 | 452 | 706 |
| 1 | 8 | 8 | 6 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 4 |
| Investments | 95 | 239 | 251 | 238 | 360 |
| 104 | 88 | 128 | 208 | 329 | |
| Total Assets | 200 | 335 | 387 | 452 | 706 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -23 | -6 | 21 | -9 | -15 | |
| 63 | -13 | -3 | 17 | -91 | |
| -39 | 2 | -6 | -7 | 152 | |
| Net Cash Flow | 2 | -17 | 12 | 2 | 46 |
| Free Cash Flow | -19 | -7 | 19 | -9 | -21 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 119% | -137% | 75% | -4% | -14% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 318 | 231 | 297 | 395 | 354 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 318 | 231 | 297 | 395 | 354 |
| Working Capital Days | 449 | 333 | 374 | 459 | 451 |
| ROCE % | 24% | 18% | 16% | 17% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) confirmation certificate for quarter ended September 30, 2026 filed.
-
Outcome Of Litigation Involving The Company''s Subsidiary- Order Of The Hon''ble High Court Of Madras
- Madras High Court terminated execution proceedings on September 30, 2026 after recording a joint memo.
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
Concalls
-
Sep 2026Transcript PPT REC