Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Garuda Construction and Engineering Ltd

GARUDA
Construction & Contracting

Garuda Construction and Engineering Ltd is coiled. The quarters are improving, yet the P/E sits at the 4th percentile of its own 1-year range — the business is moving before the market.

The sharpest disagreement: profits are rising, but only −19% of the last 2 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 (5 weeks in) while the P/E sits at the 4th percentile of its own 1-year range. Underneath, the last four quarters read improving — profit +50.0% year on year, and −19% of the last 2 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹182
−10.6% 1Y
P/E
12.4×
4th pctile
of its own 1-year range
Revenue (Jun 26)
₹175 Cr
+40.0% YoY
Profit (Jun 26)
₹42.0 Cr
+50.0% YoY
Operating margin
32.0%
+3.0 pp YoY
ROCE
42%
FY26
ROIC
30.8%
vs WACC 12.0% → +18.8 pp
Cash conversion
−19%
of profit, last 2 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

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.

Garuda Construction and Engineering Ltd trades at ₹182, in a confirmed uptrend and 5 weeks into that stage. That is +3.7% against its own 200-day average. It sits at 39% of a 52-week range of ₹144 to ₹242. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a confirmed uptrend — week 5 of stage 2, confirmed. At ₹182 it trades +3.7% versus its 200-day average and sits at 39% of its 52-week range (₹144–₹242).

Sep 26: ₹182 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
+3.7% versus the 200-day line, week 5 of stage 2
Price50-day avg200-day avg
S4S2S4S2S4S1₹256₹208₹160₹112₹64.5₹182₹175Oct 24Apr 25Oct 25Apr 26Sep 26
S4S2S4S2S4S1₹256₹208₹160₹112₹64.5₹182₹175Oct 24Oct 25Sep 26
Beating or trailing, week by week since 2024 Each cell is one week from 2024 to now (105 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Oct 24Sep 26

Against the market, two honest reads. Cumulative: over the last 1.9 years the stock moved +73% while the NIFTY 500 moved +0% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-09-04) — 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.

02 · Valuation

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.

Garuda Construction and Engineering Ltd trades at 12.4× P/E, near the bottom of its own range — cheaper only 4% of the time. Its long-run median P/E is 17.5×, measured across 1.3 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 12.4× is near the bottom of its own range — cheaper only 4% of the time, against a long-run median of 17.5× measured over 1.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 12.4× vs a 17.5× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 1.3-year window; loss-period spikes above 28× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 4% of the time
P/EMedianEPS (TTM) (quarterly)
29.4×₹15.824.7×₹11.920.1×₹7.915.4×₹4.010.7×₹0.0×12.40×₹15May 25Oct 25Feb 26Jun 26Sep 26
29.4×₹15.824.7×₹11.920.1×₹7.915.4×₹4.010.7×₹0.0×12.40×₹15May 25Feb 26Sep 26
P/E
12.4×
4th percentile of 1y

Why the multiple sits where it does: over the past year annual EPS moved +146.2% against a −10.6% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low 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.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Garuda Construction and Engineering Ltd was paying for profit growth of about 4.3% a year. Profit itself has compounded 144.0% a year over the past 1 years. Today the market pays 12.4× P/E, the 4th percentile of its own 1-year range.

What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: No read

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).

Garuda Construction and Engineering 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 5 quarters across 0 curves, on partial evidence.

Growth, year by year: revenue +135.0% in FY26, profit +144.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
136.2%146.4%135.6%145.7%135.0%145.1%134.4%144.5%133.8%143.8%%%135%144%FY25FY26
136.2%146.4%135.6%145.7%135.0%145.1%134.4%144.5%133.8%143.8%%%135%144%FY25FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
274%224%212%177%149%131%86%84%23%37%%%40%50%89.9%Jun 24Jun 25Jun 26
274%224%212%177%149%131%86%84%23%37%%%40%50%89.9%Jun 24Jun 25Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
43.2%42.6%42.0%41.4%40.8%%42%FY26
43.2%42.6%42.0%41.4%40.8%%42%FY26

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.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+135.0%
Profit+144.0%
EPS+146.2%
Share price−10.6%
Revenue YoY (Jun 26)
+40.0%
latest quarter vs a year ago
Profit YoY (Jun 26)
+50.0%
latest quarter vs a year ago
Revenue 10y
135.0%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

76.9/100 — rank 1 of 12 in Construction & Contracting · 80% evidence confidence

Garuda Construction and Engineering Ltd scores 76.9 out of 100 against the 12 companies it is compared with in Construction & Contracting, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

The four contributions add to the total exactly: 30.6 + 19.5 + 10.6 + 16.2 = 76.9. 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.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Garuda Construction and Engineering Ltd reported ₹175 Cr of revenue in the Jun 26 quarter, +40.0% year on year. That is the 5th straight quarter of year-on-year growth. Over 1 years it has compounded at 135.0% a year. The last full year, FY26, came in at ₹531 Cr. The last four reported quarters add to ₹580 Cr.

FY26 revenue came in at ₹531 Cr (+135.0% on the year), capping 1 years at 135.0% compound. The latest quarter (Jun 26) printed ₹175 Cr, +40.0% year on year — the 5th consecutive quarter of year-over-year growth.

FY26 revenue ₹531 Cr (+135.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 2-year window. A bar is red when it is lower than the year before.
135.0% a year over 1 years
RevenueYoY growth
573136.2%430135.6%287135.0%143134.4%0133.8%₹ Cr%₹531135%FY25FY26
573136.2%430135.6%287135.0%143134.4%0133.8%₹ Cr%₹531135%FY25FY26
Jun 26: ₹175 Cr (+40.0% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
5th straight quarter of growth
Revenue (quarterly)YoY growth
189274%142212%95149%4786%023%₹ Cr%₹17540%Jun 24Jun 25Jun 26
189274%142212%95149%4786%023%₹ Cr%₹17540%Jun 24Jun 25Jun 26

Pace check: the last four quarters averaged +98.6% growth against the decade's 135.0% — the current year is running slower than its own long-run rate.

07 · Operating margin

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.

Garuda Construction and Engineering Ltd's operating margin is 32.0% in the Jun 26 quarter, +3.0 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 32.0%, +3.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 29.0%–31.0%.

Why the margin moved: operating margin went +2.9 pp year on year while gross margin went +1.5 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 31.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 2-year window.
within a 29.0–31.0% band over 2 years
operating marginYoY change (pp)
31.2%3.2%30.6%2.6%30.0%2.0%29.4%1.4%28.8%0.8%%%31%2%FY25FY26
31.2%3.2%30.6%2.6%30.0%2.0%29.4%1.4%28.8%0.8%%%31%2%FY25FY26
Jun 26: 32.0% operating margin (+3.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
33%4.6%32%2.3%31%0.0%29%−2.3%28%−4.6%%%32%3%Jun 24Jun 25Jun 26
33%4.6%32%2.3%31%0.0%29%−2.3%28%−4.6%%%32%3%Jun 24Jun 25Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Garuda Construction and Engineering Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, +50.0% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹122 Cr. The 1-year compound rate is 144.0%. That is 24.0% of the quarter's revenue. The same quarter a year earlier earned ₹28.0 Cr.

Jun 26 profit was ₹42.0 Cr, +50.0% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹122 Cr (+144.0%), and the 1-year compound rate is 144.0%.

FY26 profit ₹122 Cr (+144.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 2-year window. A bar is red when it is lower than the year before.
144.0% a year over 1 years
Net profitYoY growth
132145.2%99144.6%66144.0%33143.4%0142.8%₹ Cr%₹122144%FY25FY26
132145.2%99144.6%66144.0%33143.4%0142.8%₹ Cr%₹122144%FY25FY26
Jun 26: ₹42.0 Cr (+50.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
5th straight quarter of growth
Net profit (quarterly)YoY growth
45224%34177%23131%1184%037%₹ Cr%₹4250%Jun 24Jun 25Jun 26
45224%34177%23131%1184%037%₹ Cr%₹4250%Jun 24Jun 25Jun 26

Why profit moved: revenue contributed +40.0% and the margin +3.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +115.7% vs revenue +98.6%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

09 · Cash flow — the router

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 2 fiscal years −19% of Garuda Construction and Engineering Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹78.0 Cr of operating cash against ₹122 Cr of profit. After ₹114 Cr of capital spending, ₹−36.0 Cr was left as free cash.

FY26: operating cash of ₹78.0 Cr against reported profit of ₹122 Cr, leaving free cash of ₹−36.0 Cr after ₹114 Cr of capital spending. Across the last 2 fiscal years the conversion rate is −19% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹78.0 Cr vs profit ₹122 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 2-year window, annual resolution.
−19% of 2-year profit arrived as cash
Operating cashNet profitFree cash
141736−62−130₹ Cr₹78₹122₹−36FY25FY26
141736−62−130₹ Cr₹78₹122₹−36FY25FY26
FY26: CFO = 64% of profit (three-year rate −19%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
126%32%−61%−154%−248%%64%FY25FY26
126%32%−61%−154%−248%%64%FY25FY26

🚨 Why conversion sits at −19%: the cash cycle tightened 283 days between FY25 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.

10 · Where the cash goes

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).

Garuda Construction and Engineering Ltd's cash conversion cycle runs −8 days in FY26, down from 275 days in FY25. Capital spending ran ₹114 Cr over the last 1 years. At FY26 sales of ₹531 Cr each day of that cycle holds about ₹1.5 Cr, so roughly ₹−12.0 Cr sits inside the business at any moment.

FY26: debtors at 102 days, inventory at 13 days — roughly 0.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −8 days, tighter than FY25's 275.

The full loop: cash goes out to suppliers and production on day 0; stock waits 13 days to sell; customers pay about 102 days after that; and suppliers themselves are paid at 123 days — netting out to the −8-day cycle.

In money terms: at FY26 sales of ₹531 Cr, each day of the cycle holds about ₹1.5 Cr — so the −8-day loop keeps roughly ₹−12.0 Cr sitting inside the business at any moment.

FY26: a −8-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 2-year window.
−283 days vs FY25
Cash cycleInventory daysDebtor daysPayable days
29821613451−31days−8d13d102d123dFY25FY26
29821613451−31days−8d13d102d123dFY25FY26

On the investment side: capital spending of ₹114 Cr over the last 1 fiscal years. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹114 Cr, work-in-progress ₹2.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
1239262310₹ Cr₹114₹2FY26
1239262310₹ Cr₹114₹2FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

11 · Return on capital

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

Garuda Construction and Engineering Ltd earns a ROCE of 42% in FY26. Return on invested capital clears the cost of that capital by +18.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 23.0% net margin on 0.82× asset turns.

FY26 ROCE is 42%.

Why the return is what it is — the wiring (FY26): 23.0% net margin × 0.82× asset turns × 1.42× balance-sheet leverage ≈ 26.8% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 30.8% − 12.0% = a +18.8 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. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 42% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 1-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEROIC (annual)WACC
44%36%27%18%9.6%%42%31.5%FY26
44%36%27%18%9.6%%42%31.5%FY26
Q4 FY26: ROCE 36.0% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 8 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
39%29%20%11%1.2%%36%33.5%Q1 FY25Q4 FY25Q4 FY26
39%29%20%11%1.2%%36%33.5%Q1 FY25Q4 FY25Q4 FY26
12 · Debt

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

Garuda Construction and Engineering Ltd carries total debt of ₹12.0 Cr against shareholder equity of ₹454 Cr as of Mar 26, a debt-to-equity of 0.03 — effectively unlevered. On the annual view that ratio went from 0.00 in FY25 to 0.03 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹12.0 Cr against shareholder equity of ₹454 Cr — a debt-to-equity of 0.03. On the annual view, debt-to-equity went from 0.00 (FY25) to 0.03 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹12.0 Cr at 0.03× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 2-year window.
Total debtDebt-to-equity
130.032×100.024×60.015×30.006×0−0.002×₹ Cr×₹120.03×FY25FY26
130.032×100.024×60.015×30.006×0−0.002×₹ Cr×₹120.03×FY25FY26
Mar 26: debt ₹12.0 Cr, debt-to-equity 0.03 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 9 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
130.032×100.024×60.015×30.006×0−0.002×₹ Cr×₹120.03×Apr 24Mar 25Mar 26
130.032×100.024×60.015×30.006×0−0.002×₹ Cr×₹120.03×Apr 24Mar 25Mar 26
13 · Ownership

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.

Foreign institutions cut 4.0 points of Garuda Construction and Engineering Ltd over 6 quarters, the biggest move on the register. That takes foreign institutions to 2.6% of the company. Domestic institutions moved −1.2 points over the same window, to 0.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −4.0 points over 6 quarters to 2.6%; Domestic institutions: −1.2 points over 6 quarters to 0.2%; Promoters: +0.0 points over 6 quarters to 67.6%.

🚨 Why the register moved: foreign institutions drove it (−4.0 points), alongside domestic institutions (−1.2 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.0 pts from Mar 25 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 2 year-ends held.
PromotersForeign inst.Domestic inst.Public
73%53%34%15%−4.9%%67.6%2.6%0.5%29.3%Mar 25Mar 26
73%53%34%15%−4.9%%67.6%2.6%0.5%29.3%Mar 25Mar 26
Foreign institutions cut 4.0 points over 6 quarters Shareholding by holder class, % of the company, quarterly, last 7 quarters.
PromotersForeign inst.Domestic inst.Public
73%53%34%14%−5.2%%67.6%2.6%0.2%29.6%Dec 24Sep 25Jun 26
73%53%34%14%−5.2%%67.6%2.6%0.2%29.6%Dec 24Sep 25Jun 26
14 · 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.

Garuda Construction and Engineering 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.

15 · Related companies · Construction & Contracting
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Garuda Construction and Engineering Ltdthis pageGARUDA 76.9/100Favorable setup80% evidence TURNING 30.6/35 Revenue 83.5% · PAT 97.1% · OPM change 3 pp 95% evidence 19.5/25 ROCE 41.8% · OPM 32% 95% evidence 10.6/20 P/E 12.4× · PEG — 15% evidence 16.2/20 RS sector 12.7% · RS bench 0.5% · 1Y -10.3%4 of 12 weeks ahead 100% evidence
Exact sum: 30.6 + 19.5 + 10.6 + 16.2 = 76.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Modis Navnirman LtdMODIS 71.0/100Favorable setup87% evidence BREAKING OUT 23.5/35 Revenue 50.8% · PAT 55% · OPM change -3 pp 95% evidence 18.5/25 ROCE 25.8% · OPM 19.2% 95% evidence 13.8/20 P/E 23.2× · PEG — 50% evidence 15.2/20 RS sector 20.1% · RS bench 8.1% · 1Y 33.3%9 of 12 weeks ahead 100% evidence
Exact sum: 23.5 + 18.5 + 13.8 + 15.2 = 71 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Man Infraconstruction LtdMANINFRA 58.5/100Mixed-positive evidence82% evidence TURNING 11.4/35 Revenue -29.8% · PAT -24.5% · OPM change 11 pp 95% evidence 16.0/25 ROCE 13.2% · OPM 33% 76% evidence 11.1/20 P/E 23.6× · PEG — 50% evidence 20.0/20 RS sector 23.1% · RS bench 9.3% · 1Y -20.9%5 of 12 weeks ahead 100% evidence
Exact sum: 11.4 + 16 + 11.1 + 20 = 58.5 · Decision use: Price leads the evidence: RS versus the benchmark is 9.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Mahindra Lifespace Developers LtdMAHLIFE 56.5/100Mixed-positive evidence93% evidence BREAKING OUT 30.5/35 Revenue 100% · PAT 100% · OPM change 182 pp 100% evidence 7.0/25 ROCE 7.6% · OPM 10% 100% evidence 4.7/20 P/E 24.2× · PEG 6.53 65% evidence 14.3/20 RS sector 9.4% · RS bench -2.1% · 1Y -2.9%12 of 12 weeks ahead 100% evidence
Exact sum: 30.5 + 7 + 4.7 + 14.3 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5PSP Projects LtdPSPPROJECT 55.8/100Mixed-positive evidence84% evidence FADING 19.3/35 Revenue 44.7% · PAT 100% · OPM change 1.2 pp 74% evidence 10.8/25 ROCE 7.9% · OPM 6% 100% evidence 13.8/20 P/E 45.7× · PEG 0.65 65% evidence 11.9/20 RS sector 14.1% · RS bench 2.5% · 1Y 19.9%9 of 12 weeks ahead 100% evidence
Exact sum: 19.3 + 10.8 + 13.8 + 11.9 = 55.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6NCC LtdNCC 45.4/100Mixed-negative evidence76% evidence BASING 11.2/35 Revenue -1.8% · PAT -12.1% · OPM change 0 pp 95% evidence 15.6/25 ROCE 16.8% · OPM 9% 76% evidence 11.7/20 P/E 12.2× · PEG — 50% evidence 6.9/20 RS sector -8.3% · RS bench -11.3% · 1Y -31.8%0 of 10 weeks ahead 70% evidence
Exact sum: 11.2 + 15.6 + 11.7 + 6.9 = 45.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Ashoka Buildcon LtdASHOKA 45.2/100Mixed-negative evidence75% evidence BASING 9.1/35 Revenue -24.6% · PAT 37.3% · OPM change -15 pp 95% evidence 18.4/25 ROCE 26.4% · OPM 17% 76% evidence 11.5/20 P/E 4.7× · PEG — 15% evidence 6.2/20 RS sector -10.1% · RS bench -20.7% · 1Y -38.7%2 of 12 weeks ahead 100% evidence
Exact sum: 9.1 + 18.4 + 11.5 + 6.2 = 45.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Consolidated Construction Consortium LtdCCCL 43.2/100Mixed-negative evidence74% evidence ASLEEP 18.4/35 Revenue 77.3% · PAT -80% · OPM change 34 pp 95% evidence 5.6/25 ROCE -1.9% · OPM -8.3% 95% evidence 11.2/20 P/E 11.6× · PEG — 15% evidence 8.0/20 RS sector -3.2% · RS bench -19.6% · 1Y -32.1%1 of 10 weeks ahead 70% evidence
Exact sum: 18.4 + 5.6 + 11.2 + 8 = 43.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9RDB Infrastructure and Power Ltd533285 42.4/100Mixed-negative evidence71% evidence 22.8/35 Revenue 18.6% · PAT 100% · OPM change -1.4 pp 83% evidence 9.4/25 ROCE 7% · OPM 3.1% 76% evidence 9.1/20 P/E 38.9× · PEG — 15% evidence 1.1/20 RS sector -46.5% · RS bench -52.3% · 1Y -41.6%0 of 1 week ahead to 2026-06-28 100% evidence
Exact sum: 22.8 + 9.4 + 9.1 + 1.1 = 42.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -46.5% and the one-year return is -41.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10BEML Land Assets LtdBLAL 40.9/100Thin evidence · provisional58% evidence BASING 19.8/35 Revenue — · PAT 100% · OPM change — 33% evidence 7.4/25 ROCE -193% · OPM 67.3% 95% evidence 8.5/20 P/E 294× · PEG — 15% evidence 5.2/20 RS sector -3.5% · RS bench -14% · 1Y -28.6%1 of 12 weeks ahead 100% evidence
Exact sum: 19.8 + 7.4 + 8.5 + 5.2 = 40.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Vascon Engineers LtdVASCONEQ 29.6/100Adverse evidence74% evidence ASLEEP 8.3/35 Revenue -20.2% · PAT -80% · OPM change -2.5 pp 95% evidence 8.1/25 ROCE 4.7% · OPM 3.3% 95% evidence 9.4/20 P/E 24.5× · PEG — 15% evidence 3.8/20 RS sector -20.9% · RS bench -27.7% · 1Y -46.4%1 of 10 weeks ahead 70% evidence
Exact sum: 8.3 + 8.1 + 9.4 + 3.8 = 29.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Jaiprakash Associates LtdJPASSOCIAT 30.9/100Thin evidence · provisional46% evidence 11.8/35 Revenue -50.3% · PAT 49.8% · OPM change -11 pp 40% evidence 4.4/25 ROCE -2% · OPM -11% 71% evidence 10.0/20 P/E — · PEG — 0% evidence 4.7/20 RS sector -12.2% · RS bench -24% · 1Y -33%3 of 12 weeks ahead to 2026-03-22 70% evidence
Exact sum: 11.8 + 4.4 + 10 + 4.7 = 30.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Garuda Construction and Engineering Ltd's share price today?

Garuda Construction and Engineering Ltd trades at ₹182, −10.6% over the past year. The company is valued at ₹1,692 Cr. The stock sits at 39% of its 52-week range of ₹144–₹242, +3.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 5 weeks in. — as of 11 September 2026.

What were Garuda Construction and Engineering Ltd's latest quarterly results?

Garuda Construction and Engineering Ltd reported revenue of ₹175 Cr and net profit of ₹42.0 Cr for the Jun 26 quarter. Revenue rose 40.0% and profit rose 50.0% year on year. Earnings per share were ₹4.46. The operating margin was 32.0%, 3.0 pp higher than a year earlier. — as of 11 September 2026.

What is Garuda Construction and Engineering Ltd's revenue?

Garuda Construction and Engineering Ltd reported revenue of ₹175 Cr in the Jun 26 quarter, +40.0% year on year. For the full FY26 fiscal year, revenue was ₹531 Cr (+135.0%). Over the last 1 years revenue compounded at 135.0% a year. — as of 11 September 2026.

What is Garuda Construction and Engineering Ltd's profit?

Garuda Construction and Engineering Ltd earned ₹42.0 Cr of net profit in the Jun 26 quarter, +50.0% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹122 Cr. The operating margin ran 32.0% in the latest quarter. — as of 11 September 2026.

What is Garuda Construction and Engineering Ltd's market cap?

Garuda Construction and Engineering Ltd's market capitalisation is ₹1,692 Cr at a share price of ₹182. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Garuda Construction and Engineering Ltd's P/E ratio?

Garuda Construction and Engineering Ltd trades at a P/E of 12.4×, at the 4th percentile of its own 1-year range, against a long-run median of 17.5×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Garuda Construction and Engineering Ltd pay a dividend?

No — Garuda Construction and Engineering Ltd has recorded a dividend payout of 0% of profit in each of its last 2 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 11 September 2026.

Is Garuda Construction and Engineering Ltd overvalued?

On its own history, Garuda Construction and Engineering Ltd looks cheap: its P/E of 12.4× has been cheaper only 4% of the time in 1 years (long-run median 17.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Garuda Construction and Engineering Ltd growing?

Yes — Garuda Construction and Engineering Ltd is growing: latest-quarter revenue +40.0% year on year, profit +50.0%, and the margin +3.0 pp at 32.0%. The 1-year compound rates are 135.0% (revenue) and 144.0% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Garuda Construction and Engineering Ltd performing?

Garuda Construction and Engineering Ltd is in a confirmed uptrend, 5 weeks in. Its latest quarter's revenue rose 40.0% and profit rose 50.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 11 September 2026.

Is Garuda Construction and Engineering Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 5 of stage 2), trading +3.7% versus its 200-day average and at 39% 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 11 September 2026.

Is Garuda Construction and Engineering Ltd beating the market?

Not lately — on a trailing-13-week view Garuda Construction and Engineering Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-09-04), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.9 years the stock moved +73% against the NIFTY 500's +0% — ahead of the index over the full window. — as of 11 September 2026.

Will Garuda Construction and Engineering Ltd's share price go up?

This page publishes no price forecast for Garuda Construction and Engineering Ltd. What it measures instead: the share price is ₹182, the price is in a confirmed uptrend 5 weeks in. Its P/E of 12.4× sits at the 4th percentile of its own 1-year range. — as of 11 September 2026.

Who owns Garuda Construction and Engineering Ltd?

Promoters hold 67.6% of Garuda Construction and Engineering Ltd, foreign institutions 2.6%, domestic institutions 0.2% and the public 29.6% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 4.0 points over 6 quarters. — as of 11 September 2026.

Does Garuda Construction and Engineering Ltd have too much debt?

No — Garuda Construction and Engineering Ltd's debt-to-equity is 0.03, and operating profit covers the interest bill 55×. FY26 borrowings were ₹12.0 Cr against equity of ₹455 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Garuda Construction and Engineering Ltd's capex?

Garuda Construction and Engineering Ltd spent ₹114 Cr on capital expenditure over the last 1 fiscal year, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹114 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Garuda Construction and Engineering Ltd's cash flow?

Garuda Construction and Engineering Ltd generated ₹78.0 Cr of operating cash flow in FY26 and ₹−36.0 Cr of free cash flow after ₹114 Cr of capital spending. Reported profit that year was ₹122 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Garuda Construction and Engineering Ltd's profit real cash?

No — operating cash was negative over the last 2 fiscal years: Garuda Construction and Engineering Ltd consumed cash while reporting profit. In FY26, operating cash was ₹78.0 Cr against reported profit of ₹122 Cr. Cash-flow resolution is annual — as of 11 September 2026.

Where is Garuda Construction and Engineering Ltd in its business cycle?

Garuda Construction and Engineering Ltd's FY26 operating margin was 31.0%, against a 2-year band of 29.0%–31.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 32.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Garuda Construction and Engineering Ltd's price assume?

At its price on 13 June 2026, Garuda Construction and Engineering Ltd was priced for profit growth of about 4.3% a year. Profit itself has compounded 144.0% a year over the past 1 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Garuda Construction and Engineering Ltd story?

The sharpest disagreement: profits are rising, but only −19% of the last 2 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 11 September 2026.

Is Garuda Construction and Engineering Ltd a stock worth studying right now?

This is not investment advice. The machine read: Garuda Construction and Engineering Ltd is coiled. The quarters are improving, yet the P/E sits at the 4th percentile of its own 1-year range — the business is moving before the market. 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 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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