Gayatri Highways Ltd

₹ 2.28 0.44%

29 May - close price

gayatrihighways.com BSE: 541546 NSE: GAYAHWS

About

Incorporated in 2006, Gayatri Highways Ltd is in the business of construction and investment^[1]

Key Points

Business Overview:^[1]^[2]
GHL is a core Investment company promoted by Gayatri Projects Ltd, Hyderabad based Infrastructure Company. Company does construction, operations and maintenance of carriage ways on toll and annuity basis, having development agreements with National and State Governments. It also makes investments in other companies engaged in construction, operation, and maintenance of roads, highways, bridges, and tunnels. Company has 7 operational BOT Road Assets, 4 BOT Annuity and 3 BOT Toll Assets

Website BSE NSE

Market Cap ₹ 54.6 Cr.
Current Price ₹ 2.28
High / Low ₹ 4.76 / 1.20
Stock P/E 2.66
Book Value ₹ -7.17
Dividend Yield 0.00 %
ROCE 15.6 %
ROE %
Face Value ₹ 2.00

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Pros

Company has delivered good profit growth of 25.9% CAGR over last 5 years

Cons

Contingent liabilities of Rs.3,482 Cr.
Promoters have pledged 90.9% of their holding.
Earnings include an other income of Rs.37.5 Cr.
Company has high debtors of 177 days.
Working capital days have increased from -9,129 days to 1,433 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

Services Services Transport Infrastructure Road AssetsToll, Annuity, Hybrid-Annuity

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1.48	0.18	0.18	0.18	1.18	1.68	0.65	2.18	1.18	0.00	0.00	0.00	14.55
	1.95	0.27	0.23	1.38	7.20	0.59	1.23	5.33	3.26	0.21	1.88	0.27	13.71
Operating Profit	-0.47	-0.09	-0.05	-1.20	-6.02	1.09	-0.58	-3.15	-2.08	-0.21	-1.88	-0.27	0.84
OPM %	-31.76%	-50.00%	-27.78%	-666.67%	-510.17%	64.88%	-89.23%	-144.50%	-176.27%				5.77%
	-169.69	0.72	0.75	0.76	19.58	0.59	15.81	2.97	0.81	35.57	0.82	0.55	0.57
Interest	5.19	5.20	5.22	5.22	-0.55	3.77	3.77	3.77	3.77	3.77	3.77	3.77	3.77
Depreciation	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01
Profit before tax	-175.36	-4.59	-4.54	-5.68	14.09	-2.11	11.44	-3.97	-5.05	31.58	-4.84	-3.50	-2.37
Tax %	0.00%	0.00%	0.88%	0.18%	0.00%	1.42%	0.09%	-1.01%	0.00%	0.19%	5.17%	0.00%	0.84%
	-175.36	-4.59	-4.58	-5.70	14.09	-2.13	11.43	-3.93	-5.06	31.52	-5.09	-3.51	-2.39
EPS in Rs	-7.32	-0.19	-0.19	-0.24	0.59	-0.09	0.48	-0.16	-0.21	1.32	-0.21	-0.15	-0.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	8	15	5	5	6	8	2	6	15
	0	0	0	4	11	2	2	4	8	9	10	16
Operating Profit	0	0	0	4	4	3	3	3	-1	-7	-5	-2
OPM %				48%	25%	61%	64%	44%	-7%	-428%	-83%	-10%
	0	0	0	11	11	9	9	4	-157	22	20	38
Interest	0	0	0	50	34	32	30	21	21	15	15	15
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	0	0	0	-35	-20	-20	-18	-15	-179	-1	0	21
Tax %				0%	0%	0%	0%	0%	0%	7%	0%	2%
	0	0	0	-35	-20	-20	-18	-15	-179	-1	0	21
EPS in Rs				-1.47	-0.84	-0.84	-0.74	-0.63	-7.46	-0.03	0.01	0.86
Dividend Payout %				0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	24%
3 Years:	24%
TTM:	156%

Compounded Profit Growth
10 Years:	%
5 Years:	26%
3 Years:	70%
TTM:	4766%

Stock Price CAGR
10 Years:	%
5 Years:	17%
3 Years:	52%
1 Year:	93%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.02	0.02	48	48	48	48	48	48	48	48	48	48
Reserves	0	-0	24	12	170	150	132	117	-240	-240	-240	-220
	0	0	313	358	354	387	402	397	405	406	421	404
	-0	0	19	17	28	14	8	20	19	14	16	24
Total Liabilities	0	0	404	435	600	600	590	582	232	227	244	256
	0	0	1	1	0	0	0	0	0	0	0	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	285	373	537	538	540	549	199	199	78	199
	0	0	118	61	63	61	50	33	33	28	166	57
Total Assets	0	0	404	435	600	600	590	582	232	227	244	256

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	-98	35	-10	-12	-12	23	5	1	13	-5
	0	0	-262	-61	-164	-1	-2	-8	-0	-0	0	35
	0	0	361	26	175	12	15	-12	-7	0	0	-32
Net Cash Flow	0	0	1	-0	1	-1	1	3	-2	1	13	-3
Free Cash Flow	0	0	-98	35	-10	-12	-12	23	5	1	13	-5
CFO/OP				939%	-260%	-436%	-396%	832%	-873%	-7%	-276%	164%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days				338	145	0	2	91	28	110	141	177
Inventory Days
Days Payable
Cash Conversion Cycle				338	145	0	2	91	28	110	141	177
Working Capital Days				-923	-2,884	-11,195	-10,134	-7,477	-5,668	-22,254	-6,565	1,433
ROCE %	0%	0%	0%	4%	3%	2%	2%	1%	4%	7%	7%	16%

Insights

In beta

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Consolidated Toll Revenue
₹ Lakhs

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Gayatri Jhansi Roadways Ltd - Annual Revenue (Annuity)
₹ Lakhs

Gayatri Lalitpur Roadways Ltd - Annual Revenue (Annuity)
₹ Lakhs

HKR Roadways Limited - Annual Revenue (Toll)
₹ Lakhs

Indore Dewas Tollways Limited - Annual Revenue (Toll)
₹ Lakhs

Sai Maatarini Tollways Limited - Annual Revenue (Toll)
₹ Lakhs

HKR Roadways Limited - Project Length
km

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%	61.16%
	4.08%	4.08%	4.08%	4.08%	4.08%	4.08%	4.08%	4.08%	3.32%	3.32%	2.58%	1.91%
	34.77%	34.76%	34.77%	34.78%	34.77%	34.78%	34.77%	34.78%	35.53%	35.53%	36.26%	36.94%
No. of Shareholders	35,003	37,099	43,360	42,925	42,206	41,502	41,032	40,812	42,602	46,073	53,432	53,415

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61.15%	61.15%	61.15%	61.15%	61.16%	61.16%	61.16%	61.16%
	20.11%	16.81%	6.98%	4.08%	4.08%	4.08%	4.08%	1.91%
	1.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	16.80%	22.03%	31.86%	34.77%	34.77%	34.78%	34.78%	36.94%
No. of Shareholders	13,384	13,727	17,400	25,268	34,829	42,925	40,812	53,415

* 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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Gayatri Highways Ltd

Gayatri Highways Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports