Gayatri Highways Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Operations and Maintenance Income: 87.3% • Deputation Income: 12.7%
AI Sector View
AI GENERATEDConstruction
Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.
PROS
- Company is almost debt free
- Company generates healthy free cash flow
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (6578.5% of PBT)
- Recent results are weak - TTM profit is down 101.0% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of -9.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3989.15 | 33.08 | 548853.62 | 0.95 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 205.95 | 47.74 | 42940.99 | 0.34 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| KPIL | 1410.25 | 21.19 | 24083.20 | 0.78 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.18 | 24.28 | 23165.60 | 1.36 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1234.85 | 35.26 | 21213.19 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 276.40 | 19.81 | 15534.85 | 1.81 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 969.70 | 26.16 | 11277.57 | 0.72 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| IRCON | 118.30 | 21.25 | 11126.30 | 1.61 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| KEC | 407.85 | 19.61 | 10856.97 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| AFCONS | 284.95 | 72.43 | 10480.02 | 0.70 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| WELENT | 741.55 | 33.58 | 10264.08 | 0.40 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| GAYAHWS | 1.98 | 0.00 | 47.45 | 0.00 | -2.83 | 86.64 | 7.09 | — | 3.12 | 5.95 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 1 | 2 | 1 | 2 | 1 | 0 | 0 | 0 | 15 | 7 | |
| 0 | 0 | 1 | 7 | 1 | 1 | 5 | 3 | 0 | 2 | 0 | 14 | 10 | |
| Operating Profit | -0 | -0 | -1 | -6 | 1 | -1 | -3 | -2 | -0 | -2 | -0 | 1 | 1 |
| OPM % | -50.00% | -27.78% | -666.67% | -527.12% | 64.88% | -89.23% | -144.50% | -176.27% | — | — | — | 5.77% | 7.08% |
| Other Income | 1 | 1 | 1 | 20 | 1 | 16 | 3 | 1 | 36 | 1 | 1 | 1 | 1 |
| Interest | 5 | 5 | 5 | -1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -5 | -5 | -6 | 14 | -2 | 11 | -4 | -5 | 32 | -5 | -4 | -2 | -3 | |
| Tax % | -0.00% | -0.88% | -0.18% | 0.00% | -1.42% | 0.09% | 1.01% | -0.00% | 0.19% | -5.17% | -0.00% | -0.84% | -0.33% |
| Net Profit | -5 | -5 | -6 | 14 | -2 | 11 | -4 | -5 | 32 | -5 | -4 | -2 | -3 |
| -0 | -0 | -0 | 1 | -0 | 0 | -0 | -0 | 1 | -0 | -0 | -0 | -0 | |
| Equity Capital | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 8 | 15 | 5 | 5 | 6 | 8 | 2 | 6 | 22 | |
| 0 | 4 | 11 | 2 | 2 | 4 | 8 | 9 | 10 | 26 | |
| Operating Profit | -0 | 15 | 14 | 12 | 13 | 6 | 14 | 15 | 15 | — |
| OPM % | — | 194 | 95 | 252 | 254 | 100 | 182 | 846 | 272 | — |
| Other Income | 0 | 11 | 11 | 9 | 9 | 4 | 14 | 22 | 20 | 2 |
| Interest | 0 | 50 | 34 | 32 | 30 | 21 | 21 | 15 | 15 | 15 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -0 | -35 | -20 | -20 | -18 | -15 | -179 | -1 | 0 | -13 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 | 0 | -2 |
| Net Profit | -0 | -35 | -20 | -20 | -18 | -15 | -179 | -1 | 0 | -14 |
| EPS | 0 | 0 | 0 | 0 | -1 | -1 | -7 | -0 | 0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -1 | -1 | -1 | -1 | -1 | -7 | -0 | 0 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 4%
- 3 Years:
- -3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 41%
- 1 Year:
- 3%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -35%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - |
| Equity Capital | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| 24 | 12 | -9 | -29 | -47 | -62 | -240 | -240 | -240 | |
| 22 | 35 | 126 | 159 | 159 | 139 | 132 | 117 | 117 | |
| Trade Payables | 1 | 0 | 4 | 1 | 1 | 1 | 1 | 1 | 3 |
| 309 | 340 | 431 | 420 | 428 | 455 | 291 | 301 | 316 | |
| Total Liabilities | 404 | 435 | 600 | 600 | 590 | 582 | 232 | 227 | 244 |
| ASSETS | - | - | - | - | - | - | - | - | - |
| 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 285 | 373 | 537 | 538 | 540 | 549 | 199 | 199 | 78 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | |
| Cash & Bank | 1 | 0 | 2 | 0 | 1 | 4 | 1 | 2 | 15 |
| 117 | 61 | 61 | 61 | 49 | 29 | 32 | 25 | 148 | |
| Total Assets | 404 | 435 | 600 | 600 | 590 | 582 | 232 | 227 | 244 |
| Total Debt | 313 | 358 | 533 | 566 | 581 | 576 | 405 | 406 | 421 |
| Net Working Capital | -16 | -19 | -117 | -142 | -136 | -126 | -117 | -102 | -87 |
| Contingent Liabilities | 1,001 | 5,281 | 5,405 | 5,557 | 5,484 | 5,581 | 3,573 | 3,440 | 3,482 |
| Book Value per Share | 15.08 | 2.50 | 1.63 | 0.79 | 0.05 | -0.57 | -8.00 | -8.03 | -8.02 |
| Face Value | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| -98 | 35 | -10 | -12 | -12 | 23 | 5 | 1 | 13 | |
| Cash from Investing | -262 | -61 | -164 | -1 | -2 | -8 | -0 | -0 | 0 |
| Cash from Financing | 361 | 26 | 175 | 12 | 15 | -12 | -7 | 0 | 0 |
| 1 | -0 | 1 | -1 | 1 | 3 | -2 | 1 | 13 | |
| Free Cash Flow | -98 | 35 | -10 | -12 | -12 | 23 | 5 | 1 | 13 |
| OCF / Net Profit | 41748.94 | -0.98 | 0.48 | 0.61 | 0.71 | -1.53 | -0.03 | -1.25 | 42.53 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 23 | -7 | 4 | 29 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | |||||||||
| EPS (₹) | -0.00 | -1.47 | -0.84 | -0.84 | -0.74 | -0.63 | -7.46 | -0.03 | 0.01 |
| Book Value (₹) | 15.08 | 2.50 | 1.63 | 0.79 | 0.05 | -0.57 | -8.00 | -8.03 | -8.02 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.00 | -1.47 | -0.84 | -0.84 | -0.74 | -0.63 | -7.46 | -0.03 | 0.02 |
| PROFITABILITY | |||||||||
| Operating Margin % | 0.00% | 194.42% | 95.15% | 252.14% | 254.03% | 100.14% | 181.75% | -427.47% | -82.76% |
| Net Margin % | 0.00% | -459.23% | -133.82% | -433.96% | -357.66% | -239.24% | -2343.91% | -44.91% | 5.39% |
| ROE % | -0.00% | -53.43% | -40.64% | -69.28% | -174.29% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | -0.00% | 3.72% | 2.89% | 2.01% | 2.14% | 1.10% | -40.74% | 6.74% | 6.97% |
| -0.00% | -8.42% | -3.89% | -3.35% | -2.97% | -2.57% | -43.91% | -0.34% | 0.13% | |
| EFFICIENCY | |||||||||
| Debtor Days | 0 | 338 | 159 | 235 | 1 | 46 | 52 | 118 | 87 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 338 | 159 | 235 | 1 | 46 | 52 | 118 | 87 | |
| FINANCIAL HEALTH | |||||||||
| Debt to Equity (x) | 4.33x | 5.97x | 13.64x | 29.84x | 445.85x | -41.82x | -2.11x | -2.11x | -2.19x |
| Interest Coverage (x) | -7.81x | 0.30x | 0.42x | 0.37x | 0.41x | 0.29x | -7.58x | 0.95x | 1.02x |
| 0.60x | 0.63x | 0.24x | 0.18x | 0.18x | 0.21x | 0.22x | 0.22x | 0.34x | |
| GROWTH | |||||||||
| Revenue Growth % | 0.00% | 0.00% | 95.54% | -69.19% | 6.60% | 27.49% | 21.06% | -77.44% | 230.83% |
| Operating Profit Growth % | 0.00% | 0.00% | -4.31% | -18.34% | 7.39% | -49.74% | 119.71% | 5.01% | 6.27% |
| Net Profit Growth % | 0.00% | 0.00% | 43.02% | 0.07% | 12.14% | 14.72% | -1086.02% | 99.57% | 139.70% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 99.57% | 139.75% | |
| VALUATION | |||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 97.66x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.14x | -0.16x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.58x | 28.14x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - Gayatri Highways Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-02 - Gayatri Highways Limited has informed the Exchange about Completion of Sale on the Sale of stake in the Associate Company pursuant to the Securities Purchase Agreement dated 12th February, 2026.-Revised
2026-09-02 - Gayatri Highways Limited has informed the Exchange about Completion of Sale of stake in the Associate Company pursuant to the Securities Purchase Agreement dated 12th February, 2026.
2026-08-31 - Gayatri Highways Limited has informed the Exchange about Copy of Newspaper Publication for information regarding the 20th Annual General Meeting to be held through Video Conferencing or Other Audio Visual Means
2026-08-29 - Gayatri Highways Limited has informed the Exchange regarding Appointment of M/s. PPKG & Co., Chartered Accountants as Statutory Auditors of the company w.e.f. August 29, 2026.
2026-08-29 - Gayatri Highways Limited has informed the Exchange regarding Outcome of Board Meeting held on August 29, 2026.
2026-08-28 - Gayatri Highways Limited has informed the Exchange about completion of acquisition of 23.00% of Equity Share Capital in HKR Roadways Limited
2026-08-14 - Gayatri Highways Limited has informed the Exchange about Copy of Newspaper Publication of Un-Audited Financial Results (Standalone and Consolidated) of the Company for the 1st Quarter ended 30th June, 2026
2026-08-13 - Gayatri Highways Limited has informed the Exchange about Resignation of Statutory Auditor
News
Recent coverage and analyst commentary for GAYAHWS
Loading news…
AI Stock Analyst
Gayatri Highways Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account