Garuda Construction and Engineering (GARUDA) had a P/E of 10.5× on 6 Nov 2026, below the industry P/E of 16.4×, and the shares are 37% below their 52-week high. Its ROCE of 36% is the second-highest among the 7 largest Engineering & Construction peers, and sales and net profit grew 49% and 44% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹1,430 Cr, ranked 52nd of 156 Engineering & Construction companies by market cap; the shares fell 30% over the past year.
- ₹157.70
- ₹157.70
- ₹145.02
- ₹156.75
- 8.4 L
Health check
- ReturnsBehind
−30.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 10.5 vs industry 16.4.
- GrowthStrong
Sales +49.2%, profit +44.3% a year over 3 years.
- ProfitabilityStrong
ROCE 36.4% vs peer median 19.9%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 103.1×, Piotroski 6 of 9.
- Red flags1 to check
37% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,430 Cr
- Small cap
- P/E
- 10.5
- Industry 16.4
- Price to book
- 2.66
- Peers 4.92
- Dividend yield
- 0.02%
- ROE
- 32.4%
- Peers 17.9%
- ROCE
- 36.4%
- Peers 19.9%
- Debt to equity
- 0.10
- Debt ₹53 Cr
- EPS (TTM)
- ₹14.63
- Face value ₹5
- OPM (TTM)
- 31.5%
- Net margin 23.6%
- Sales growth
- +40.1%
- Latest quarter vs a year ago
- Profit growth
- +48.4%
- Latest quarter vs a year ago
- Price to sales
- 2.26
- EV/EBITDA 7.3
Strengths and risks
Strengths
- Return on equity of 32.4%.
- Return on capital employed of 36.4%.
- Practically debt-free.
- Quarterly profit up 48.4% on a year ago.
- Quarterly sales up 40.1% on a year ago.
Risks to check
- 37% below its 52-week high.
About Garuda Construction and Engineering
Garuda Construction and Engineering Limited offers civil construction services in India. It constructs residential, commercial, residential-cum-commercial, industrial, infrastructure, and hospitality projects. The company also constructs concrete building structures and composite steel structures. In addition, it provides operations and maintenance services; and mechanical, electrical, and plumbing services, as well as finishing works. The company was…
- Headquarters
- Mumbai
- Employees
- 97
- Sector
- Industrials
- ISIN
- INE0JVO01026
Price range
- Avg volume (3M)
- 8.5 L
- 1-year return
- minus 30.3%
- From 52-week high
- minus 36.9%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| GARUDAGaruda Construction and Engineering | 153.66 | minus 1.97% | 1,430 | 10.5 | 8.6 | 36.4% | 31.5% | 0.03 | 49.2% | minus 30.3% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 81.6 | 125 | 140 | 149 | 175 | |
| – | – | – | +82.7% | +40.1% | |
| 57.4 | 88.7 | 94.9 | 101 | 119 | |
| 24.2 | 36.4 | 45.1 | 48 | 56.1 | |
| 29.7% | 29.1% | 32.2% | 32.2% | 32.0% | |
| 0.8 | 1.5 | 0.2 | −0.4 | 0.2 | |
| 0.4 | 0.5 | 1.5 | 0.7 | 0.5 | |
| 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 24.4 | 37.4 | 43.7 | 46.7 | 55.8 | |
| 26.1% | 25.2% | 24.6% | 26.4% | 25.5% | |
| 18 | 28 | 32.9 | 34.5 | 41.5 | |
| – | – | – | +91.1% | +48.4% | |
| 1.94 | 3.01 | 3.54 | 3.70 | 4.47 |
Profit & loss
- Sales CAGR 3Y
- +49.2%
- Profit CAGR 3Y
- +44.3%
- EPS CAGR 3Y
- +44.3%
- ROE
- 32.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 160 | 154 | 226 | 531 | |
| – | minus 3.4% | +46.4% | +135.2% | |
| 104 | 104 | 159 | 364 | |
| 55.9 | 50.5 | 67.1 | 166 | |
| 35.0% | 32.7% | 29.7% | 31.3% | |
| 0 | 0.3 | 0.2 | 2.2 | |
| 0.4 | 0 | 0 | 1.6 | |
| 0.5 | 0.4 | 0.4 | 0.4 | |
| – | −0.7 | – | −2.4 | |
| 55.1 | 49.6 | 66.8 | 164 | |
| 25.9% | 26.6% | 25.5% | 25.4% | |
| 40.8 | 36.4 | 49.8 | 122 | |
| – | minus 10.7% | +36.7% | +146.0% | |
| 4.38 | 3.92 | 5.99 | 13.17 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.5 | 37.4 | 46.5 | 46.5 | |
| 70.2 | 81.6 | 285 | 408 | |
| 0.2 | 0.2 | 0.1 | 12 | |
| 93.5 | 109 | 75.4 | 178 | |
| 176 | 228 | 407 | 644 | |
| 19.1 | 18.8 | 19 | 19.3 | |
| 17.1 | 17.1 | 17.1 | 17.1 | |
| – | – | 18.7 | 130 | |
| 4.8 | 0.5 | 2 | 8.1 | |
| 135 | 192 | 350 | 470 | |
| 176 | 228 | 407 | 644 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.3 | −6.8 | −111 | 78.4 | |
| −2.1 | 2.5 | −49.8 | −81.6 | |
| −12.2 | −0.1 | 162 | 9.2 | |
| −2 | −4.3 | 1.5 | 6 | |
| −0.3 | −0.1 | −9.9 | −115 | |
| 12 | −6.9 | −121 | −36.2 | |
| – | – | −0.2 | – |
Shareholding pattern
- Promoters67.56%
- Public32.44%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 67.56% | 32.44% | 0.00 | |
| 30 Jun 2026 | 67.56% | 32.44% | 0.00 | |
| 31 Mar 2026 | 67.56% | 32.44% | 0.00 | |
| 31 Dec 2025 | 67.56% | 32.44% | 0.00 | |
| 30 Sep 2025 | 67.56% | 32.44% | – |
Major shareholders
Filings & events
News
No recent news coverage found.