Gayatri Projects Ltd

Gayatri Projects Ltd

₹ 7.07 -5.10%
10 Jun - close price
About

Incorporated in 1963, Gayatri Projects Ltd is an infrastructure construction company[1]

Key Points

Business Overview:[1][2]
GPL is ISO 9001–2000 and is the flagship company of the Gayatri Group that deals in infrastructure, power, hospitality, and real estate. It started off as a partnership firm specializing in irrigation construction projects and then moved to being an infrastructure company with expertise in construction and ownership of infrastructure assets. Company has presence in the Engineering Procurement and Construction of road, irrigation and industrial projects in India and has done execution of major Civil Works including Concrete /Masonry Dams, Earth Filling Dams, National Highways, Bridges, Canals, Aqueducts, Ports, etc.

  • Market Cap 132 Cr.
  • Current Price 7.07
  • High / Low 10.8 / 5.20
  • Stock P/E
  • Book Value -35.5
  • Dividend Yield 0.00 %
  • ROCE -16.6 %
  • ROE -172 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.96% over past five years.
  • Promoter holding is low: 3.94%
  • Company has a low return on equity of -34.0% over last 3 years.
  • Contingent liabilities of Rs.4,851 Cr.
  • Promoter holding has decreased over last 3 years: -41.2%

* 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

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
847 910 668 798 1,074 1,360 897 866 802 537 283 316 233
772 859 584 696 930 1,256 788 958 978 787 556 460 465
Operating Profit 74 51 84 103 144 105 109 -93 -176 -249 -273 -144 -232
OPM % 9% 6% 13% 13% 13% 8% 12% -11% -22% -46% -97% -45% -100%
1 2 0 3 0 4 0 1 0 -139 6 6 30
Interest 85 107 78 85 86 72 68 79 94 98 109 116 77
Depreciation 20 32 22 22 22 19 19 19 20 18 15 14 12
Profit before tax -30 -87 -15 -1 37 18 23 -190 -290 -504 -392 -268 -292
Tax % 88% 7% 10% 106% -4% -5% -2% 0% 0% 0% -0% -0% -0%
-4 -81 -14 0 38 19 23 -189 -288 -504 -392 -268 -292
EPS in Rs -0.20 -4.33 -0.74 0.00 2.04 1.00 1.22 -10.12 -15.39 -26.90 -20.93 -14.33 -15.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,206 2,200 1,971 1,594 1,501 1,726 2,115 2,912 3,463 3,439 3,901 3,102 1,369
988 1,886 1,566 1,195 1,157 1,519 1,807 2,471 2,936 3,080 3,465 3,512 2,268
Operating Profit 218 313 405 399 344 207 308 441 527 359 435 -409 -899
OPM % 18% 14% 21% 25% 23% 12% 15% 15% 15% 10% 11% -13% -66%
10 5 9 -62 6 20 15 -136 8 5 8 -137 -97
Interest 117 221 270 269 265 186 257 275 284 337 321 338 400
Depreciation 62 82 112 111 120 44 43 55 66 91 84 76 60
Profit before tax 48 15 32 -43 -35 -3 23 -25 185 -64 38 -961 -1,456
Tax % 64% 153% 122% -81% -34% -456% 101% 22% 13% 9% -14% 0%
18 -8 -7 -78 -48 -27 -0 -20 160 -58 43 -958 -1,455
EPS in Rs 2.84 0.63 -4.30 -2.10 -1.53 -0.02 -1.04 8.55 -3.10 2.30 -51.19 -77.73
Dividend Payout % 19% 129% 95% -9% -10% -26% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 4%
5 Years: 8%
3 Years: -4%
TTM: -65%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -202%
Stock Price CAGR
10 Years: -14%
5 Years: -47%
3 Years: -41%
1 Year: 16%
Return on Equity
10 Years: -12%
5 Years: -18%
3 Years: -34%
Last Year: -172%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 12 24 30 30 30 35 35 37 37 37 37 37 37
Reserves 462 580 638 607 701 514 476 973 1,136 873 916 -42 -703
3,008 4,953 6,524 9,429 4,264 3,825 2,199 2,312 2,220 2,041 2,123 2,748 3,502
1,332 1,584 2,960 3,141 1,354 1,505 1,732 1,938 2,693 2,762 2,693 2,218 1,681
Total Liabilities 4,815 7,141 10,151 13,207 6,350 5,880 4,443 5,261 6,087 5,713 5,770 4,961 4,518
1,077 1,542 1,712 1,700 1,340 1,127 394 419 439 456 392 348 304
CWIP 1,279 2,200 4,970 7,933 1,481 1,310 30 6 7 17 29 9 9
Investments 34 362 358 260 739 859 978 1,198 1,201 572 565 546 546
2,425 3,037 3,112 3,314 2,789 2,584 3,041 3,637 4,440 4,667 4,783 4,057 3,659
Total Assets 4,815 7,141 10,151 13,207 6,350 5,880 4,443 5,261 6,087 5,713 5,770 4,961 4,518

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
134 -155 1,246 600 -24 470 234 213 516 361 228 -695
-1,056 -1,796 -3,069 -3,034 -900 -663 -34 -30 -120 311 10 211
1,549 1,814 1,416 2,726 488 226 -217 -164 -324 -683 -273 425
Net Cash Flow 626 -138 -407 292 -436 32 -17 19 71 -10 -35 -58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 122 99 151 195 144 119 130 142 154 136 142 137
Inventory Days 138 190 654 200 186 61 211 112
Days Payable 507 595 927 775 306 170 387 306
Cash Conversion Cycle -246 -305 -121 -380 23 10 -46 -53 154 136 142 137
Working Capital Days 166 115 161 -542 172 221 220 236 198 208 180 199
ROCE % 5% 5% 4% 3% 3% 4% 8% 13% 14% 9% 12% -17%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
45.10% 44.72% 44.66% 41.27% 41.27% 41.27% 40.20% 5.02% 3.94% 3.94% 3.94% 3.94%
25.62% 24.50% 19.21% 16.94% 15.89% 14.22% 13.27% 13.35% 3.26% 3.94% 3.94% 3.92%
0.92% 0.64% 0.64% 0.00% 0.00% 0.00% 0.84% 6.07% 1.07% 1.07% 1.07% 1.07%
28.37% 30.13% 35.49% 41.79% 42.84% 44.51% 45.68% 75.56% 91.73% 91.04% 91.06% 91.07%
No. of Shareholders 26,36928,11042,08138,36448,84754,59354,92365,76564,58862,13659,59357,287

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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