Garuda Construction & Engineering Ltd.

•

garudaconstructionengineering.comBSE: 544271NSE: GARUDA

Market Cap₹ 1,692 Cr.

Current Price

High / Low₹ 249 / 130

Stock P/E12.4

Book Value₹ 53

Price to Book2.91

Dividend Yield0.00 %

ROCE32.7 %

ROE24.0 %

Face Value₹ 5

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Construction Activity: 94.5% • Maintenance of Building: 4.8% • Other Operating Revenue: 0.6%

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 57.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 49.2%
Latest quarter profit grew 48.4% YoY, showing strong momentum
Operating margins have improved to 29.4% from 20.7%

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.78x)
Equity base is being diluted - shares outstanding up 273.5%
Working capital days have increased from 142 to 476 days
Debtor days have increased from 122 to 200
Though reporting repeated profits, the company pays out little dividend (0.5%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	GARUDA	181.85	12.44	1691.96	0.00	41.55	48.37	175.38	40.13	32.72	32.02

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	35	47	62	82	125	116	140	149	175
	23	33	45	57	89	82	95	101	120
Operating Profit	12	13	17	24	36	34	45	48	56
OPM %	33.19%	28.71%	27.71%	29.69%	29.11%	29.55%	32.21%	32.18%	31.65%
	0	1	0	1	2	2	0	-0	0
Interest	0	0	0	0	0	0	2	1	1
Depreciation	0	0	0	0	0	0	0	0	0
Profit before Tax	12	14	17	24	37	36	44	47	56
Tax %	25.17%	25.20%	25.17%	26.08%	25.15%	25.23%	24.55%	26.41%	25.50%
Net Profit	0	10	13	18	28	27	33	34	42
	1.16	1.37	1.43	1.94	3.01	2.92	3.54	3.70	4.47

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2025	TTM
	72	77	161	226	581
	60	50	105	159	398
Operating Profit	12	27	55	66	183
OPM %	16.21%	35.26%	34.47%	29.41%	31.50%
	3	0	1	2	2
Interest	2	2	0	1	3
Depreciation	0	0	1	0	0
Profit before Tax	12	25	55	67	182
Tax %	24.50%	24.22%	25.94%	25.50%	25.45%
Net Profit	9	19	41	50	136
EPS	1.24	2.51	5.46	5.35	—
Dividend Payout %	0.00%	0.00%	0.00%	0.47%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 46%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 75%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -14%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 49%
Last Year:: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Equity Capital	12	12	12	47
Minority Interest	0	0	0	1
	11	29	70	285
	46	21	10	0
Trade Payables	58	41	62	31
	5	7	21	43
Total Liabilities	132	111	176	407
	1	2	2	2
Capital Work in Progress	2	2	2	2
	0	0	0	9
	0	3	7	11
	0	0	0	170
Cash & Bank	0	7	7	44
	128	96	159	168
Total Assets	132	111	176	407

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2025
	7	17	18	-111
Cash from Investing	12	-1	-2	-50
Cash from Financing	-18	-5	-12	162
	0	7	-2	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2025

Shareholding Pattern

Numbers in percentages

	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.56	67.56	67.56	67.56	67.56	67.56	67.56
	6.65	4.53	4.48	3.09	2.34	2.64	2.63
	1.31	0.93	0.65	1.12	1.01	0.48	0.23
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.48	26.97	27.31	28.23	29.08	29.32	29.58

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

General Updates

2026-09-09 - Garuda Construction and Engineering Limited has informed the Exchange about General Updates

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Garuda Construction and Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

General Updates

2026-09-07 - Garuda Construction and Engineering Limited has informed the Exchange about General Updates

2026-09-05

Shareholders meeting

2026-09-05 - Garuda Construction and Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Garuda Construction and Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Change in Auditors

2026-09-04 - Garuda Construction and Engineering Limited has informed the Exchange regarding Change in Auditors of the company.

2026-09-04

Outcome of Board Meeting

2026-09-04 - Garuda Construction and Engineering Limited has informed the Exchange regarding Outcome of Board Meeting held on September 04, 2026.

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Garuda Construction and Engineering Limited has informed the Exchange about Copy of Newspaper Publication for the Financial Results declared for quarter ended June 30, 2026S

2026-08-10

Outcome of Board Meeting

2026-08-10 - Garuda Construction and Engineering Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for GARUDA

Loading news…

🤖

AI Stock Analyst

Garuda Construction & Engineering Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

GARUDA

181.85

12.44

1691.96

0.00

41.55

48.37

175.38

40.13

32.72

32.02

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

125

116

140

149

175

101

120

Operating Profit

OPM %

33.19%

28.71%

27.71%

29.69%

29.11%

29.55%

32.21%

32.18%

31.65%

-0

Interest

Depreciation

Profit before Tax

Tax %

25.17%

25.20%

25.17%

26.08%

25.15%

25.23%

24.55%

26.41%

25.50%

Net Profit

1.16

1.37

1.43

1.94

3.01

2.92

3.54

3.70

4.47

Mar 2021

Mar 2022

Mar 2023

Mar 2025

TTM

161

226

581

105

159

398

Operating Profit

183

OPM %

16.21%

35.26%

34.47%

29.41%

31.50%

Interest

Depreciation

Profit before Tax

182

Tax %

24.50%

24.22%

25.94%

25.50%

25.45%

Net Profit

136

EPS

1.24

2.51

5.46

5.35

—

Dividend Payout %

0.00%

0.47%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2025

Equity Capital

Minority Interest

285

Trade Payables

Total Liabilities

132

111

176

407

Capital Work in Progress

170

Cash & Bank

128

159

168

Total Assets

132

111

176

407

Mar 2021

Mar 2022

Mar 2023

Mar 2025

-111

Cash from Investing

-1

-2

-50

Cash from Financing

-18

-5

-12

162

-2

Mar 2021

Mar 2022

Mar 2023

Mar 2025

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

67.56

6.65

4.53

4.48

3.09

2.34

2.64

2.63

1.31

0.93

0.65

1.12

1.01

0.48

0.23

Government

0.00

24.48

26.97

27.31

28.23

29.08

29.32

29.58

Garuda Construction & Engineering Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Garuda Construction & Engineering Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI