Garuda Construction and Engineering Ltd
Incorporated in 2010, Garuda Construction provides end-to-end civil construction for residential, commercial, residential cum
commercial, infrastructure, and industrial projects.[1]
- Market Cap ₹ 1,591 Cr.
- Current Price ₹ 171
- High / Low ₹ 249 / 87.5
- Stock P/E 15.0
- Book Value ₹ 41.6
- Dividend Yield 0.01 %
- ROCE 30.1 %
- ROE 22.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 102% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.7%
Cons
- Company has high debtors of 293 days.
- Working capital days have increased from 248 days to 405 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 124 | 72 | 77 | 161 | 154 | 225 | 463 | |
| 120 | 57 | 50 | 105 | 104 | 159 | 323 | |
| Operating Profit | 4 | 15 | 27 | 56 | 50 | 66 | 140 |
| OPM % | 3% | 21% | 35% | 35% | 32% | 30% | 30% |
| 1 | 0 | 0 | 0 | 0 | 2 | 4 | |
| Interest | 3 | 2 | 2 | 0 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit before tax | 2 | 12 | 25 | 55 | 50 | 67 | 142 |
| Tax % | 26% | 24% | 24% | 26% | 27% | 25% | |
| 1 | 9 | 19 | 41 | 36 | 50 | 106 | |
| EPS in Rs | 1.34 | 7.45 | 15.08 | 32.75 | 4.88 | 5.35 | 11.41 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 43% |
| TTM: | 126% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 102% |
| 3 Years: | 38% |
| TTM: | 133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 33% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 12 | 12 | 12 | 37 | 47 | 47 |
| Reserves | 3 | 11 | 29 | 70 | 82 | 285 | 340 |
| 31 | 15 | 12 | 0 | 0 | 0 | 0 | |
| 112 | 95 | 57 | 94 | 109 | 74 | 186 | |
| Total Liabilities | 157 | 133 | 111 | 176 | 228 | 406 | 573 |
| 1 | 1 | 2 | 2 | 2 | 11 | 1 | |
| CWIP | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Investments | 12 | 4 | -0 | -0 | -0 | 0 | 51 |
| 142 | 125 | 107 | 172 | 225 | 393 | 519 | |
| Total Assets | 157 | 133 | 111 | 176 | 228 | 406 | 573 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -11 | 8 | 13 | 12 | -7 | -111 | |
| -6 | 12 | -1 | -2 | 3 | -50 | |
| 17 | -18 | -5 | -12 | -0 | 162 | |
| Net Cash Flow | -0 | 2 | 7 | -2 | -4 | 1 |
| Free Cash Flow | -17 | 16 | 12 | 12 | -7 | -111 |
| CFO/OP | -231% | 59% | 62% | 33% | 15% | -141% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 78 | 166 | 143 | 175 | 417 | 293 |
| Inventory Days | -0 | -0 | 87 | 209 | ||
| Days Payable | 1,310 | 1,970 | ||||
| Cash Conversion Cycle | 78 | 166 | -1,080 | -1,587 | 417 | 293 |
| Working Capital Days | 66 | 130 | 70 | 127 | 213 | 405 |
| ROCE % | 43% | 58% | 81% | 49% | 30% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Project Category Mix (Commercial Revenue) % |
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| Project Category Mix (Residential Revenue) % |
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| Revenue Mix - Government Sector % |
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| Revenue Mix - Private Sector % |
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| Trade Receivables Turnover Ratio Ratio |
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| Project Category Mix (Industrial & Infrastructure Revenue) % |
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| Project Category Mix (Services Revenue) % |
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| Employee Count Number |
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| Ongoing Projects Number |
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| Order Book Rs. Crores |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
21 Apr - Garuda Construction appointed Mrs. Dhruti Harsh Satia as Additional Independent Director from April 21, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Details of securities dematerialized or rematerialized during the quarter and year ended 31st March, 2026, as required under regulation 74 (5) of the SEBI (Depositories …
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Announcement under Regulation 30 (LODR)-Resignation of Director
9 Apr - Ms. Priyanka Yadav resigned as Independent Director effective 3 April 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Director
2 Apr - Independent Director Krishnakumar Laxman Bangera resigned effective 1 April 2026 due to pre-occupation.
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Announcement under Regulation 30 (LODR)-Credit Rating
1 Apr - Infomerics assigned IVR BBB+/Stable and IVR A2 to Garuda's Rs.75 crore bank facilities (March 30, 2026).
Annual reports
Concalls
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Oct 2025TranscriptAI SummaryPPT
Business Operations [1] Garuda Construction specializes in civil construction services that include project planning, resource mobilization, detailed engineering, and the complete execution of construction projects. Their service offerings include operations and maintenance (O&M), Mechanical, Electrical, and Plumbing (MEP) services, and finishing works.