GAYAPROJ
Gayatri Projects share price & financials
- Price
- ₹23.52
- Market cap
- ₹1.2k Cr
- Sector
- Construction
What Gayatri Projects Limited does
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
Quarterly results
Q1 FY27: revenue up 197.4%, net profit up 3800.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103 | 91 | 137 | 77 | 73 −29% | 506 +456% | 191 +39% | 229 +197% |
| EBITDA | 21 | 8 | -26 | 9 | 0 −100% | -29 −462% | 18 +169% | 40 +344% |
| Net profit | -20 | -2 | 159 | -1 | -3 +85% | 2,157 +107950% | -111 −170% | 37 +3800% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +187.3% 1Y
1Y: ₹9.06 on 10 Sept 2025 → ₹26.03. High ₹26.03 (11 Sept 2026), low ₹9.06 (10 Sept 2025).
Financials, as filed
Revenue grew 11.7% a year over 2 years, FY24 to FY26. Operating margin held at -0.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹679 Cr | ₹450 Cr | ₹847 Cr |
| Operating profit | ₹-5 Cr | ₹-1 Cr | ₹-2 Cr |
| Operating margin | -0.7% | -0.2% | -0.2% |
| Interest | ₹3 Cr | ₹20 Cr | ₹18 Cr |
| Depreciation | ₹49 Cr | ₹43 Cr | ₹29 Cr |
| Net profit | ₹42 Cr | ₹124 Cr | ₹2.0k Cr |
| Net margin | 6.2% | 27.6% | 241.1% |
| Cash from operations | ₹-110 Cr | ₹277 Cr | ₹490 Cr |
| Free cash flow | ₹-110 Cr | ₹274 Cr | ₹602 Cr |
| ROCE | 8.0% | 8.0% | 7.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹37 Cr | ₹37 Cr | ₹37 Cr | ₹37 Cr | ₹37 Cr | ₹37 Cr |
| Reserves | ₹916 Cr | ₹-42 Cr | ₹-1.6k Cr | ₹-1.6k Cr | ₹-1.5k Cr | ₹569 Cr |
| Borrowings | ₹2.1k Cr | ₹2.7k Cr | ₹3.8k Cr | ₹3.7k Cr | ₹3.6k Cr | ₹311 Cr |
| Other liabilities | ₹2.7k Cr | ₹2.2k Cr | ₹1.4k Cr | ₹1.3k Cr | ₹1.1k Cr | ₹1.2k Cr |
| Total liabilities | ₹5.8k Cr | ₹5.0k Cr | ₹3.6k Cr | ₹3.4k Cr | ₹3.3k Cr | ₹2.1k Cr |
| Fixed assets | ₹392 Cr | ₹348 Cr | ₹272 Cr | ₹223 Cr | ₹165 Cr | ₹77 Cr |
| Capital work in progress | ₹29 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹12 Cr | ₹6 Cr |
| Investments | ₹565 Cr | ₹546 Cr | ₹511 Cr | ₹363 Cr | ₹363 Cr | ₹230 Cr |
| Other assets | ₹4.8k Cr | ₹4.1k Cr | ₹2.8k Cr | ₹2.8k Cr | ₹2.8k Cr | ₹1.8k Cr |
| Total assets | ₹5.8k Cr | ₹5.0k Cr | ₹3.6k Cr | ₹3.4k Cr | ₹3.3k Cr | ₹2.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −33.63 pp while promoters added +19.62 pp. The shareholder count shrank 8% to 43,853.
- Promoters
- 23.6%
- FIIs
- 18.0%
- DIIs
- 0.7%
- Public
- 57.8%
Since Jun 2025
- Public −33.63 pp
- Promoters +19.62 pp
- FIIs +16.08 pp
How it drifted, 12 quarters
Over this window the public fell from 91.1% to 57.8% — −33.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 3.9%, FIIs 3.9%, DIIs 1.1%, Public 91.1%.Dec '23: Promoters 3.9%, FIIs 3.9%, DIIs 1.1%, Public 91.1%.Mar '24: Promoters 3.9%, FIIs 3.9%, DIIs 1.1%, Public 91.1%.Jun '24: Promoters 3.9%, FIIs 3.9%, DIIs 1.1%, Public 91.1%.Sep '24: Promoters 3.9%, FIIs 3.9%, DIIs 1.1%, Public 91.1%.Dec '24: Promoters 3.9%, FIIs 3.9%, DIIs 1.1%, Public 91.1%.Mar '25: Promoters 3.9%, FIIs 1.9%, DIIs 2.8%, Public 91.4%.Jun '25: Promoters 3.9%, FIIs 1.9%, DIIs 2.8%, Public 91.4%.Sep '25: Promoters 3.9%, FIIs 1.9%, DIIs 2.8%, Public 91.4%.Dec '25: Promoters 3.9%, FIIs 1.9%, DIIs 2.8%, Public 91.4%.Mar '26: Promoters 3.9%, FIIs 1.9%, DIIs 2.8%, Public 91.4%.Jun '26: Promoters 23.6%, FIIs 18.0%, DIIs 0.7%, Public 57.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sandeep Kumar Reddy Tikkavarapu +21.85 pp 21.85% held
- Antara India Evergreen Fund Ltd FPI fund newly disclosed 7.54% held
- Varanium India Opportunity Ltd FPI fund newly disclosed 5.40% held
- Rrs Family Trust newly disclosed 4.98% held
- Vishwa Infrastructures And Services Private Limited newly disclosed 3.23% held
- Zeal Global Opportunities Fund FPI fund newly disclosed 3.23% held
- Gkc Projects Limited newly disclosed 3.23% held
- Vivek Mundra newly disclosed 3.15% held
The same filing shows 6 holders trimming and 10 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gayatri Projects Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sandeep Kumar Reddy Tikkavarapu | 21.85% | +21.85 pp |
| Antara India Evergreen Fund Ltd FPI fund | 7.54% | newly disclosed |
| Varanium India Opportunity Ltd FPI fund | 5.40% | newly disclosed |
| Rrs Family Trust | 4.98% | newly disclosed |
| Vishwa Infrastructures And Services Private Limited | 3.23% | newly disclosed |
| Zeal Global Opportunities Fund FPI fund | 3.23% | newly disclosed |
| Gkc Projects Limited | 3.23% | newly disclosed |
| Vivek Mundra | 3.15% | newly disclosed |
| Aniruddh Mundra | 2.26% | newly disclosed |
| Swing Wealth Management Private Limited | 2.15% | newly disclosed |
| Ajay Surendrabhai Patel | 1.77% | −2.26 pp |
| Mankhushkaur Sarna | 1.66% | −2.75 pp |
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.
Learn to analyse Gayatri Projects Limited
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