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: 11.6%
- Contingent liabilities of Rs.1,556 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,967 | 6,031 | 762 | 265 | 197 | 72 | 53 | 28 | 101 | 39 | 21 | 85 | 86 | |
| 3,030 | 5,110 | 876 | 193 | 175 | 138 | 88 | 279 | 206 | 632 | 108 | 163 | 145 | |
| Operating Profit | -63 | 921 | -114 | 72 | 22 | -66 | -35 | -251 | -104 | -593 | -86 | -78 | -59 |
| OPM % | -2.1% | 15% | -15% | 27% | 11% | -92% | -67% | -907% | -103% | -1,511% | -407% | -91% | -68% |
| 701 | 586 | -997 | -1,474 | -1,200 | -458 | -67 | -106 | -630 | -65 | -15 | 14 | 19 | |
| Interest | 479 | 1,028 | 519 | 578 | 565 | 588 | 607 | 724 | 815 | 918 | 1,006 | 1,123 | 1,147 |
| Depreciation | 82 | 261 | 33 | 12 | 11 | 10 | 9 | 4 | 2 | 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 | -1,188 |
| 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 | -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 | -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: | 445% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -40% |
| 3 Years: | -13% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -20% |
| 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 / 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 | -34,159 | -97,127 | -196,859 | -54,438 |
| ROCE % | 19% | 3% | 4% | 4% | -2% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|
| Plant & Machinery Net Block INR crore |
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| Number of Subsidiaries, Associates and Joint Ventures count |
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| Order Book (Balance Contract Value of Ongoing Projects) INR crore |
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| Total Contract Value of Ongoing Projects INR crore |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
- Company Secretary and Compliance Officer Roshni Kapshiwal resigned effective 30 September 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Ms. Roshni Kapshiwal resigned as Company Secretary and Compliance Officer effective 30 September 2026.
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Change in Management
- Mr. Vishwas Madhusudan Joglekar resigned as independent director effective 9 September 2026.
-
Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirement) Regulation, 2015, For Resignation Of Independent Director Mr. Vishwas Madhusudan Joglekar (DIN- 11145778) Due To His Pre-Occupation In Social Service Activity.
- Mr. Vishwas Madhusudan Joglekar resigned as Independent Director of Gammon India effective 9 September 2026.
Annual reports
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from nse
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Annual Report 2012
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Annual Report 2011
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Annual Report 2011
from nse
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Annual Report 2010
from bse
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Annual Report 2010
from nse