Gammon India Ltd
Gammon India is one of the largest infrastructure companies in India with several multifarious civil engineering projects to its credit. Broadly, its specific segments of specialisation in infrastructure are transportation, power projects, transmission & distribution, structural designs, irrigation projects, ground engineering & water supply. Having established its leadership in construction and turnkey projects, it is also accredited with expertise in roads, flyovers and bridges. Besides its large scale of operations in the Construction and Infrastructure domain, Gammon has a dominant presence in energy business in which it operates in the hydro, nuclear and thermal power segments- having Indias first second generation nuclear power plant in Kalapakkam to its credit. Gammons projects cover businesses and projects involving highways, public utilities, environmental engineering and marine structures. Gammons expertise also covers the design, ?nancing, construction and operation of modern bridges, ports, harbours, thermal & nuclear power stations, viaducts, dams, high-rise structures, chemical & fertiliser complexes and metro rail, both on a Built-OperateTransfer (BOT) basis as well as contract execution.(Source : 202103 Annual Report Page No:66)
- Market Cap ₹ 61.0 Cr.
- Current Price ₹ 1.65
- High / Low ₹ /
- Stock P/E
- Book Value ₹ -318
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.0% over past five years.
- Promoter holding is low: 11.5%
- Contingent liabilities of Rs.1,423 Cr.
- Promoters have pledged 84.8% of their holding.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2014 9m | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,967 | 6,031 | 762 | 265 | 197 | 72 | 53 | 28 | 101 | 39 | 21 | 85 | |
| 3,030 | 5,110 | 876 | 193 | 175 | 138 | 88 | 279 | 206 | 632 | 108 | 163 | |
| Operating Profit | -63 | 921 | -114 | 72 | 22 | -66 | -35 | -251 | -104 | -593 | -86 | -78 |
| OPM % | -2% | 15% | -15% | 27% | 11% | -92% | -67% | -907% | -103% | -1,511% | -407% | -91% |
| 701 | 586 | -997 | -1,474 | -1,200 | -458 | -67 | -106 | -630 | -65 | -15 | 14 | |
| Interest | 479 | 1,028 | 519 | 578 | 565 | 588 | 607 | 724 | 815 | 918 | 1,006 | 1,123 |
| Depreciation | 82 | 261 | 33 | 12 | 11 | 10 | 9 | 4 | 2 | 2 | 2 | 2 |
| Profit before tax | 77 | 218 | -1,663 | -1,991 | -1,754 | -1,122 | -719 | -1,085 | -1,552 | -1,577 | -1,110 | -1,189 |
| Tax % | 12% | 54% | -0% | -2% | 0% | 0% | -0% | 0% | -1% | 24% | -3% | 0% |
| 68 | 101 | -1,660 | -1,959 | -1,755 | -1,123 | -717 | -1,086 | -1,540 | -1,963 | -1,078 | -1,189 | |
| EPS in Rs | 4.97 | 2.75 | -44.91 | -53.00 | -47.49 | -30.37 | -19.40 | -29.38 | -41.67 | -53.12 | -29.17 | -32.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -35% |
| 5 Years: | 10% |
| 3 Years: | -6% |
| TTM: | 301% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -40% |
| 3 Years: | -13% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 1,065 | 2,232 | 569 | -1,389 | -3,142 | -4,265 | -4,981 | -6,067 | -7,607 | -9,570 | -10,640 | -11,829 |
| 4,853 | 5,030 | 3,591 | 4,755 | 4,599 | 5,750 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 3,122 | 2,862 | 1,736 | 1,554 | 2,094 | 1,823 | 8,140 | 8,895 | 9,798 | 10,637 | 11,590 | 12,836 | |
| Total Liabilities | 9,068 | 10,198 | 5,971 | 4,994 | 3,625 | 3,383 | 3,232 | 2,902 | 2,265 | 1,140 | 1,024 | 1,081 |
| 1,070 | 1,224 | 451 | 451 | 440 | 430 | 418 | 412 | 405 | 405 | 403 | 402 | |
| CWIP | 22 | 19 | 20 | 10 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 79 | 1,707 | 1,209 | 447 | 273 | 212 | 122 | 122 | 45 | 39 | 44 | 43 |
| 7,896 | 7,248 | 4,291 | 4,086 | 2,909 | 2,739 | 2,692 | 2,369 | 1,815 | 696 | 577 | 637 | |
| Total Assets | 9,068 | 10,198 | 5,971 | 4,994 | 3,625 | 3,383 | 3,232 | 2,902 | 2,265 | 1,140 | 1,024 | 1,081 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -21 | 13 | 126 | 44 | -70 | -6 | -1 | 0 | -8 | 2 | -3 | 7 | |
| -12 | -196 | -3 | 81 | 429 | 7 | 7 | -0 | 11 | -2 | 3 | 1 | |
| 54 | 237 | -192 | -160 | -366 | -0 | -2 | 0 | -4 | -0 | 0 | -7 | |
| Net Cash Flow | 20 | 54 | -69 | -35 | -7 | 1 | 4 | -0 | -0 | 0 | 0 | -0 |
| Free Cash Flow | -20 | -51 | 134 | 65 | -56 | -2 | 4 | 2 | -6 | 0 | -3 | 7 |
| CFO/OP | -62% | 10% | -124% | 70% | -307% | 6% | 3% | -1% | 6% | -0% | 2% | -9% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 166 | 41 | 29 | 182 | 224 | 126 | 181 | 411 | 21 | 40 | 49 | 10 |
| Inventory Days | 417 | 160 | 181 | 1,027 | 749 | 850 | 865 | 986 | 104 | 184 | 92 | |
| Days Payable | 349 | 160 | 247 | 1,141 | 2,228 | 2,468 | 2,749 | 2,938 | 883 | 1,624 | 1,993 | |
| Cash Conversion Cycle | 235 | 41 | -37 | 68 | -1,255 | -1,492 | -1,703 | -1,541 | -758 | -1,400 | -1,852 | 10 |
| Working Capital Days | 42 | -125 | -1,177 | -7,902 | -11,424 | -36,437 | -53,496 | -112,277 | -34,164 | -97,127 | -196,859 | -54,438 |
| ROCE % | -1% | 19% | 3% | 4% | 4% | -2% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Total Operating Income INR Crores |
|
||||||
| Group Sofinter Backlog EUR Million |
|||||||
| Kaleshwaram Project Pkg 19 Balance Value INR Crores |
|||||||
| Kolkata Metro Package ANV2 Balance Value INR Crores |
|||||||
| Number of Permanent Employees Count |
|||||||
| Residual EPC Job Balance Value INR Crores |
|||||||
| Target Recovery from Arbitration Awards INR Crores |
|||||||
Extracted by Screener AI
Documents
Announcements
-
Newspaper Advertisement - Disclosure Under Regulation 30 And 47 Of The SEBI (LODR) Regulations, 2015.
1 Jun - Audited standalone and consolidated results for quarter/year ended 31 March 2026 published on 1 June 2026.
-
Disclosure under Regulation 30A of LODR
30 May - Gammon India appointed CMA Pradeep Damania as Cost Auditor for FY 2026-27, effective 1 April 2026.
-
Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirement) Regulation, 2015 (SEBI LODR 2015) - Appointment Of Ajay Bhatnagar As Additional Director Designated As Non-Executive (Independent Director) Of The Company
30 May - Gammon India appoints Ajay Bhatnagar as Additional Independent Director effective 30 May 2026.
- Outcome Of Board Meeting Held On 30Th May, 2026 Pursuant To Regulation 30 And 33 Of The SEBI (LODR) Regulations, 2015 30 May
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 30Th May, 2026 Pursuant To Regulation 30 And 33 Of The SEBI (LODR) Regulations, 2015.
30 May - Board approved FY26 audited standalone/consolidated results, appointed independent director and cost auditor; auditors issued modified opinion.
Annual reports
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse