Gayatri Projects Ltd
GAYAPROJGayatri Projects Ltd's earnings have outrun its stock. EPS grew +1,547.9% in a year against a +161.5% price move.
The sharpest disagreement: profits are rising, but only 30% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (54 weeks in) while the P/E sits at the 73rd percentile of its own 7-year range. Underneath, the last four quarters read improving — profit −169.8% year on year, and 30% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Gayatri Projects Ltd trades at ₹22.1, in a confirmed uptrend and 54 weeks into that stage. That is +51.2% against its own 200-day average. It sits at 82% of a 52-week range of ₹8 to ₹25. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 63 straight weeks.
Today the stock is in a confirmed uptrend — week 54 of stage 2, confirmed. At ₹22.1 it trades +51.2% versus its 200-day average and sits at 82% of its 52-week range (₹8–₹25).
Against the market, two honest reads. Cumulative: over the last 10.2 years the stock moved −78% while the NIFTY 500 moved +254% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 63 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 73rd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Gayatri Projects Ltd trades at 10.8× P/E, at the pricey end of its own range (73rd percentile). Its long-run median P/E is 4.7×, measured across 6.9 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 10.8× is at the pricey end of its own range (73rd percentile), against a long-run median of 4.7× measured over 6.9 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +1,547.9% against a +161.5% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −11.0%/yr price move, ~+15.4%/yr came from earnings growth and ~−26.4 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Gayatri Projects Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +88.2% | −5.9% | −26.3% | −6.9% |
| Profit | +1,546.8% | — | +116.4% | — |
| EPS | +1,547.9% | — | +116.4% | — |
| Share price | +161.5% | +50.8% | −11.0% | −15.5% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
65.2/100 — rank 2 of 13 in Construction - Civil/Turnkey · 81% evidence confidence
Gayatri Projects Ltd scores 65.2 out of 100 against the 13 companies it is compared with in Construction - Civil/Turnkey, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 29.5 + 7.1 + 12.2 + 16.4 = 65.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Gayatri Projects Ltd reported ₹191 Cr of revenue in the Mar 26 quarter, +39.4% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at −6.9% a year. The last full year, FY26, came in at ₹847 Cr. The last four reported quarters add to ₹847 Cr.
Gayatri Projects Ltd reported ₹191 Cr of revenue in the Mar 26 quarter, +39.4% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at −6.9% a year. The last full year, FY26, came in at ₹847 Cr. The last four reported quarters add to ₹847 Cr.
FY26 revenue came in at ₹847 Cr (+88.2% on the year), capping 10 years at −6.9% compound. The latest quarter (Mar 26) printed ₹191 Cr, +39.4% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +107.8% growth against the decade's −6.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +88.2% over the last 4 quarters against +11.7%/yr over the last 8 — accelerating; TTM profit +1,546.8% vs +597.3%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 9.0% this quarter (+28.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Gayatri Projects Ltd's operating margin is 9.0% in the Mar 26 quarter, +28.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0% to 28.0%. The current quarter sits inside that band.
Gayatri Projects Ltd's operating margin is 9.0% in the Mar 26 quarter, +28.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0% to 28.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 9.0%, +28.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0%–28.0%.
Why the margin moved: operating margin went +28.4 pp year on year while gross margin went +30.2 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit −169.8% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Gayatri Projects Ltd posted a net loss of ₹111 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹2,042 Cr. That loss is 58.1% of the quarter's revenue. The same quarter a year earlier earned ₹159 Cr. 8 of the last 12 reported quarters were loss-making.
Gayatri Projects Ltd posted a net loss of ₹111 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹2,042 Cr. That loss is 58.1% of the quarter's revenue. The same quarter a year earlier earned ₹159 Cr. 8 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹−111 Cr, −169.8% year on year. On the full year, FY26 printed ₹2,042 Cr (+1,546.8%).
→ Profit rose — but did the cash follow? Next: 30% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 30% of Gayatri Projects Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹490 Cr of operating cash against ₹2,042 Cr of profit. After ₹−80.0 Cr of capital spending, ₹570 Cr was left as free cash.
FY26: operating cash of ₹490 Cr against reported profit of ₹2,042 Cr, leaving free cash of ₹570 Cr after ₹−80.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 30% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 30%: the cash cycle tightened 19 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 123-day cycle and ₹−77.0 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Gayatri Projects Ltd's cash conversion cycle runs 123 days in FY26, down from 142 days in FY21. Capital spending ran ₹−77.0 Cr over the last 3 years. At FY26 sales of ₹847 Cr each day of that cycle holds about ₹2.3 Cr, so roughly ₹285 Cr sits inside the business at any moment.
FY26: debtors at 208 days, inventory at 61 days — roughly 2.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 123 days, tighter than FY21's 142.
The full loop: cash goes out to suppliers and production on day 0; stock waits 61 days to sell; customers pay about 208 days after that; and suppliers themselves are paid at 146 days — netting out to the 123-day cycle.
In money terms: at FY26 sales of ₹847 Cr, each day of the cycle holds about ₹2.3 Cr — so the 123-day loop keeps roughly ₹285 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹−77.0 Cr over the last 3 fiscal years against ₹121 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹6.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 7% and the ROIC − WACC spread is −0.1 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Gayatri Projects Ltd earns a ROCE of 7% in FY26. That is up from a trough of −30% in FY23. Return on invested capital clears the cost of that capital by −0.1 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 241.1% net margin on 0.40× asset turns.
FY26 ROCE is 7%, recovered from a FY23 trough of −30% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 241.1% net margin × 0.40× asset turns × 3.49× balance-sheet leverage ≈ 336.6% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 11.9% − 12.0% = a −0.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.51.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Gayatri Projects Ltd carries total debt of ₹311 Cr against shareholder equity of ₹607 Cr as of Mar 26, a debt-to-equity of 0.51. On the annual view that ratio went from −549.60 in FY22 to 0.51 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹311 Cr against shareholder equity of ₹607 Cr — a debt-to-equity of 0.51. On the annual view, debt-to-equity went from −549.60 (FY22) to 0.51 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Promoters added 19.6 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters added 19.6 points of Gayatri Projects Ltd over 8 quarters, the biggest move on the register. That takes promoters to 23.6% of the company. Foreign institutions moved +14.1 points over the same window, to 18.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +19.6 points over 8 quarters to 23.6%; Foreign institutions: +14.1 points over 8 quarters to 18.0%; Domestic institutions: −0.4 points over 8 quarters to 0.7%.
Why the register moved: promoters drove it (+19.6 points), alongside foreign institutions (+14.1 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Gayatri Projects Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Gayatri Projects Ltd this page | 10.8× | ₹962 Cr | No read | |||
| Interise Trust | 271.0× | ₹11,440 Cr | No read | |||
| Afcons Infrastructure Ltd | 35.0× | ₹10,517 Cr | Deteriorating | |||
| Ceigall India Ltd | 18.8× | ₹5,872 Cr | Turning around | |||
| GHV Infra Projects Ltd | 78.7× | ₹2,262 Cr | — | — | — | — |
| GHV Infra Projects Ltd | 35.5× | ₹1,741 Cr | — | No read | ||
| B.L.Kashyap & Sons Ltd | 90.4× | ₹1,230 Cr | Mixed | |||
| SRM Contractors Ltd | 10.5× | ₹1,165 Cr | Improving | |||
| Denta Water & Infra Solutions Ltd | 14.8× | ₹899 Cr | No read | |||
| Effwa Infra & Research Ltd | 30.9× | ₹884 Cr | No read | |||
| Sathlokhar Synergys E&C Global Ltd | 9.6× | ₹791 Cr | — | — | — | — |
| A B Infrabuild Ltd | 34.1× | ₹659 Cr | Topping out | |||
| HRS Aluglaze Ltd | 105.0× | ₹540 Cr | — | — | — | — |
| Brahmaputra Infrastructure Ltd | 8.0× | ₹476 Cr | No read |
Frequently asked questions
What is Gayatri Projects Ltd's share price today?
Gayatri Projects Ltd trades at ₹22.1, +161.5% over the past year. The company is valued at ₹962 Cr. The stock sits at 82% of its 52-week range of ₹8–₹25, +51.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 54 weeks in. — as of 24 July 2026.
What were Gayatri Projects Ltd's latest quarterly results?
Gayatri Projects Ltd reported revenue of ₹191 Cr and a net loss of ₹111 Cr for the Mar 26 quarter. Revenue rose 39.4% and profit fell 169.8% year on year. Earnings per share were ₹−5.93. The operating margin was 9.0%, 28.0 pp higher than a year earlier. — as of 24 July 2026.
What is Gayatri Projects Ltd's revenue?
Gayatri Projects Ltd reported revenue of ₹191 Cr in the Mar 26 quarter, +39.4% year on year. For the full FY26 fiscal year, revenue was ₹847 Cr (+88.2%). Over the last 10 years revenue compounded at −6.9% a year. — as of 24 July 2026.
What is Gayatri Projects Ltd's profit?
Gayatri Projects Ltd earned ₹−111 Cr of net profit in the Mar 26 quarter, −169.8% year on year. Full-year FY26 profit was ₹2,042 Cr. The operating margin ran 9.0% in the latest quarter. — as of 24 July 2026.
What is Gayatri Projects Ltd's market cap?
Gayatri Projects Ltd's market capitalisation is ₹962 Cr at a share price of ₹22.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Gayatri Projects Ltd's P/E ratio?
Gayatri Projects Ltd trades at a P/E of 10.8×, at the 73rd percentile of its own 7-year range, against a long-run median of 4.7×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Gayatri Projects Ltd pay a dividend?
No — Gayatri Projects Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is Gayatri Projects Ltd overvalued?
On its own history, Gayatri Projects Ltd looks expensive against its own history: its P/E of 10.8× sits at the 73rd percentile of its 7-year range (long-run median 4.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Gayatri Projects Ltd growing?
Yes — Gayatri Projects Ltd is growing: latest-quarter revenue +39.4% year on year, profit −169.8%, and the margin +28.0 pp at 9.0%. The earnings engine currently reads: improving — as of 24 July 2026.
How is Gayatri Projects Ltd performing?
Gayatri Projects Ltd is in a confirmed uptrend, 54 weeks in. Its latest quarter's revenue rose 39.4% and profit fell 169.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 63 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
Is Gayatri Projects Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 54 of stage 2), trading +51.2% versus its 200-day average and at 82% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Gayatri Projects Ltd beating the market?
On recent form, yes — Gayatri Projects Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 63 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.2 years the stock moved −78% against the NIFTY 500's +254% — behind the index over the full window. — as of 24 July 2026.
Will Gayatri Projects Ltd's share price go up?
This page publishes no price forecast for Gayatri Projects Ltd. What it measures instead: the share price is ₹22.1, the price is in a confirmed uptrend 54 weeks in. Its P/E of 10.8× sits at the 73rd percentile of its own 7-year range. — as of 24 July 2026.
Who owns Gayatri Projects Ltd?
Promoters hold 23.6% of Gayatri Projects Ltd, foreign institutions 18.0%, domestic institutions 0.7% and the public 57.8% (latest quarter). The biggest move on the register over the last two years: Promoters added 19.6 points over 8 quarters. — as of 24 July 2026.
Does Gayatri Projects Ltd have too much debt?
It is moderate — Gayatri Projects Ltd's debt-to-equity is 0.51, and operating profit covers the interest bill 0×. FY26 borrowings were ₹311 Cr against equity of ₹606 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Gayatri Projects Ltd's capex?
Gayatri Projects Ltd spent ₹−77.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹−80.0 Cr, with ₹6.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Gayatri Projects Ltd's cash flow?
Gayatri Projects Ltd generated ₹490 Cr of operating cash flow in FY26 and ₹570 Cr of free cash flow after ₹−80.0 Cr of capital spending. Reported profit that year was ₹2,042 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Gayatri Projects Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 30% of Gayatri Projects Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹490 Cr against reported profit of ₹2,042 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Gayatri Projects Ltd in its business cycle?
Gayatri Projects Ltd's FY26 operating margin was 0.0%, against a 13-year band of −72.0%–28.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 9.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Gayatri Projects Ltd story?
The sharpest disagreement: profits are rising, but only 30% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Gayatri Projects Ltd a stock worth studying right now?
This is not investment advice. The machine read: Gayatri Projects Ltd's earnings have outrun its stock. EPS grew +1,547.9% in a year against a +161.5% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.