Gayatri Projects share price & results
- Jun 2026
- Sept 2026
Hyderabad-based EPC contractor executing national/state highways, irrigation canals & water-supply schemes, and industrial civil works across India on an asset-light model.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 229 | +197.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 18.0 | +6.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 37.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 20.79 | +8.9 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 71.07 | +4.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 144.85 | +122.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +81.4% 1Y
1Y: ₹10.99 on 20 Oct 2025 → ₹19.94. High ₹26.15 (15 Sept 2026), low ₹10.99 (20 Oct 2025).
- Previous close
- ₹19.55
- Market cap
- ₹908 Cr
- 52-week range
- ₹10.99 – ₹26.15
- One year
- +81.44%
- Price to earnings (TTM to Jun 2026)
- 7.21×
- Return on equity (TTM to Jun 2026)
- 20.79%
Overview
- Symbol
- NSE:GAYAPROJ
- Sector
- Construction
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Gayatri Projects Limited does
Based on the company's own presentations, annual report and earnings calls.
Gayatri Projects Limited is an Engineering, Procurement and Construction (EPC) company that builds infrastructure for government and PSU clients across India, spanning transportation (national and state highways, expressways), water works (canals, dams, water-supply and distribution schemes including Jal Jeevan Mission projects), and industrial civil works (steel & power plant works, transmission & distribution, conveyors, underground mining, railways/Dedicated Freight Corridor and general building/site-levelling EPC). It earns contract revenue by winning and executing individual work orders, using its own fleet of construction equipment deployed at project sites across multiple states. The company has re-focused from owning infrastructure assets (toll roads, power plants) toward a pure EPC, asset-light model, having demerged or sold down its road and power asset holdings.
Segments
- Transportation
- Water Works
- Industrial
- Construction equipment fleet
- 2,355+ pieces (owned)
- Cumulative road construction executed
- 8,000+ lane km over ~40 years
- Geographic footprint
- Pan-India operations across 19 states
- Projects completed (trailing 5 years, as of FY21)
- ~44 projects
- Active EPC work orders tracked (Q2 FY22)
- 28 projects across ~10 states (UP, Bihar, Odisha, Maharashtra, Karnataka, Andhra Pradesh, Telangana, Gujarat, Jammu)
- Subsidiaries & associates (FY25)
- 2 subsidiaries + 1 associate company
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +3800% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 103 | 91 | 137 | 77 | 73 | 506 | 191 | 229 |
| Expenses | 81 | 82 | 163 | 67 | 73 | 535 | 173 | 189 |
| Operating profit | 21 | 8 | -26 | 9 | 0 | -29 | 18 | 40 |
| Operating margin | 21.0% | 9.0% | −19.0% | 12.0% | 0.6% | −6.0% | 9.0% | 18.0% |
| Other income | -17 | 3 | 197 | 6 | 10 | 2,219 | -109 | 4 |
| Interest | 13 | 3 | 2 | 6 | 5 | 4 | 3 | 2 |
| Depreciation | 11 | 11 | 10 | 9 | 8 | 7 | 5 | 5 |
| Profit before tax | -20 | -2 | 159 | -1 | -3 | 2,179 | -99 | 37 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 12.0% | 0.0% |
| Net profit | -20 | -2 | 159 | -1 | -3 | 2,157 | -111 | 37 |
| EPS (₹ per share) | -1.07 | -0.11 | 8.48 | -0.03 | -0.18 | 115.23 | -5.93 | 0.80 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 679 | 450 | 847 |
| Expenses | 685 | 450 | 848 |
| Operating profit | -5 | -1 | -2 |
| Other income | 97 | 188 | 2,126 |
| Interest | 3 | 20 | 18 |
| Depreciation | 49 | 43 | 29 |
| Profit before tax | 42 | 124 | 2,076 |
| Net profit | 42 | 124 | 2,042 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 37 | 37 | 37 | 37 | 37 | 37 |
| Reserves | -42 | -1,636 | -1,593 | -1,474 | -1,478 | 569 |
| Borrowings | 2,748 | 3,791 | 3,675 | 3,628 | 3,612 | 311 |
| Other liabilities | 2,218 | 1,386 | 1,288 | 1,248 | 1,143 | 1,197 |
| Total liabilities | 4,961 | 3,578 | 3,408 | 3,439 | 3,314 | 2,115 |
| Fixed assets | 348 | 272 | 223 | 180 | 165 | 77 |
| Capital work in progress | 9 | 9 | 9 | 12 | 12 | 6 |
| Investments | 546 | 511 | 363 | 363 | 363 | 230 |
| Other assets | 4,057 | 2,787 | 2,813 | 2,884 | 2,774 | 1,802 |
| Total assets | 4,961 | 3,578 | 3,408 | 3,439 | 3,314 | 2,115 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 228 | -695 | -863 | -110 | 305 | 490 |
| Cash from investing | 10 | 211 | 46 | 261 | 1 | 68 |
| Cash from financing | -273 | 425 | 819 | -141 | -97 | -782 |
| Net cash flow | -35 | -58 | 1 | 11 | 209 | -224 |
| Free cash flow | 201 | -708 | -843 | -110 | 302 | 602 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 142 | 137 | 296 | 481 | 712 | 208 |
| Inventory days | — | — | 128 | 248 | 641 | — |
| Days payable | — | — | 409 | 739 | 2085 | — |
| Cash conversion cycle | 142 | 137 | 15 | -10 | -732 | 208 |
| Working capital days | 22 | -107 | -943 | -1302 | -1997 | 361 |
| Return on capital employed | 12.0% | −17.0% | −30.0% | 8.0% | 8.0% | 5.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 57.78% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 23.56%
- Foreign institutions 17.95%
- Domestic institutions 0.72%
- Public 57.78%
Who is on the register
Named in the Sep 2026 filing
Every holder of Gayatri Projects Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 21.85% | unchanged | |
| FPI fund | 7.54% | unchanged |
| FPI fund | 5.40% | unchanged |
| 4.98% | unchanged | |
| 3.23% | unchanged | |
| FPI fund | 3.23% | unchanged |
| 3.23% | unchanged | |
| 3.15% | unchanged | |
| 2.26% | unchanged | |
| 2.15% | unchanged | |
| 1.73% | unchanged | |
| 1.66% | 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.
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