Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 14.0 | −6.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1.1 | −12.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 14.0 | +133.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | −0.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -15.44 | −8.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −47.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
1 of 1 judged target kept · 5 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dividend Payout Ratio | 12.5% | Q1 FY27 | Declared a dividend of INR0.75 per share, increasing the payout ratio from 10% to 12.5%. | Achieved |
| Fund V Commitments | INR2,500 crores | Q1 FY27 | We are seeking commitments of INR2,500 crores for Fund V, our flagship strategy. | New |
5 of GAJA's 6 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 4 more targets are in the full ledger.
Claimed
Qualified
Price
YTD: ₹168.67 on 26 Aug 2026 → ₹126.49. High ₹168.67 (26 Aug 2026), low ₹116.13 (23 Oct 2026).
Overview
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
1 of 1 judged target kept · 5 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dividend Payout Ratio | 12.5% | Q1 FY27 | Declared a dividend of INR0.75 per share, increasing the payout ratio from 10% to 12.5%. | Achieved |
| Fund V Commitments | INR2,500 crores | Q1 FY27 | We are seeking commitments of INR2,500 crores for Fund V, our flagship strategy. | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 6 tracked commitments, with each call’s wording and source.
Call summaries
GAJA Q1 FY27
Gaja Capital reported a strong Q1 FY27, with total income growing 26% YoY to INR51.8 crores and PAT increasing 35% QoQ to INR27.2 crores. The company's cost-to-income ratio improved to 38.4%, and annual EPS rose 28% to 9.5 per share. Following a successful IPO, Gaja is progressing with its Fund V and Eastgate (secondaries) fundraising, while maintaining a focus on high-growth, innovation-led mid-market companies.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
Net profit, year on year: +133% (quarter to jun 2026 against jun 2025).
| Line item | Jun 2025 | Sept 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 15 | 99 | 15 | 14 |
| Expenses | 14 | 39 | 15 | 14 |
| Operating profit | 2 | 60 | 0 | 0 |
| Operating margin | 11.0% | 61.0% | −3.1% | −1.1% |
| Other income | 7 | 11 | 1 | 20 |
| Interest | 0 | 2 | 1 | 1 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 8 | 69 | -2 | 18 |
| Tax rate | 29.0% | 10.0% | −40.0% | 21.0% |
| Net profit | 6 | 62 | -1 | 14 |
| EPS (₹ per share) | 0.51 | 5.34 | -0.11 | 1.24 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 56 |
| Reserves | 137 | 223 | 231 | 389 | 550 |
| Borrowings | 1 | 4 | 4 | 10 | 53 |
| Other liabilities | 5 | 31 | 37 | 53 | 47 |
| Total liabilities | 143 | 259 | 271 | 452 | 706 |
| Fixed assets | 1 | 7 | 8 | 6 | 13 |
| Capital work in progress | 0 | 0 | 0 | 0 | 4 |
| Investments | 91 | 221 | 228 | 238 | 360 |
| Other assets | 51 | 31 | 36 | 208 | 329 |
| Total assets | 143 | 259 | 271 | 452 | 706 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor days | 62 | 52 | 98 | 395 | — |
| Cash conversion cycle | 62 | 52 | 98 | 395 | — |
| Working capital days | 160 | 99 | 99 | 459 | — |
| Return on capital employed | — | 31.0% | 9.0% | 16.0% | — |
| Dividend payout | 0.0% | 12.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 54.23% as of Sept 2026; institutions added 0.85 pts since Aug 2026.
since Aug 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 5 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of GAJA above SEBI's 1% disclosure line, and what changed since Aug 2026.
| Holder | Stake | Change |
|---|---|---|
| 26.95% | newly disclosed | |
| 13.60% | newly disclosed | |
| Mutual fund | 8.32% | newly disclosed |
| 7.26% | newly disclosed | |
| 6.42% | newly disclosed | |
| Insurer | 3.04% | unchanged |
| 2.72% | unchanged | |
| 2.63% | +0.08 pp | |
| 1.97% | unchanged | |
| 1.71% | unchanged | |
| Insurer | 1.67% | unchanged |
| 1.37% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Banking & Financial Services Fund Nippon India Mutual Fund | ₹27 Cr | held | Aug '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
Shares held by these funds 0%
Aug '26 19.31 L shares Sep '26
Your own record
Free account: one company. Everything above stays public.
Write why you follow GAJA and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Guides on how to read this kind of business and the numbers that matter.