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Garuda Construction & Engineering Ltd (GARUDA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544271 NSE: GARUDA Construction - Real Estate | Small Cap | Garuda Const. & Eng. Share Price

₹172.40 -2.35 (-1.34%)

As on 01-Oct'26 16:59

Garuda Construction & Engineering Ltd (GARUDA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544271 NSE: GARUDA Construction - Real Estate | Small Cap | Garuda Const. & Eng. Share Price

₹172.40 -2.35 (-1.34%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,604 Cr.
Current Price
₹172.4
52-Week Low / High
₹131 / 249
TTM EPS
₹14.6
TTM Sales
₹581 Cr.
Book Value per Share
₹53.3
P/E Ratio
11.79
Lower than its 5-year historical median
Industry PE
42.8
Price to Book (P/B)
3.24
Lower than its 5-year historical median
Price to Sales (P/S)
2.76
Lower than its 5-year historical median
EV/EBITDA
8.58
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
31.15%
Outperforms industry median
Return on Capital Employed (ROCE)
41.79%
Outperforms industry median
Return on Assets (ROA)
23.31%
Operating Profit Margin
31.3%
Net Profit Margin
23.07%
Gross Profit Margin
31%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
135.84%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
146.94%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
145.88%
Asset Quality
Promoter Holding
67.56%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹449 Cr.
Equity
₹46.5 Cr.
Face Value
₹5
All Time Low / High
₹76.02 / 249.45

Garuda Construction & Engineering stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Garuda Construction & Engineering Ltd a good quality company?
Garuda Construction & Engineering Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Garuda Construction & Engineering Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Garuda Construction & Engineering Ltd vs industry peers?
Garuda Construction & Engineering Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Garuda Construction & Engineering Ltd?
Promoters hold 67.56% of the Garuda Construction & Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Garuda Construction & Engineering Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -8.84% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Garuda Construction & Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ38.5%58.5%81.2%49.2%30.1%41.8%-
Value Creation
Index ⓘ
1.83.24.82.51.22.0-

Growth Parameters ⓘ

Sales ⓘ7277161154225531581
Sales YoY Gr.-7%108.6%-4.1%46%135.8%-
Adj EPS ⓘ1.52.55.54.95.413.414.6
YoY Gr.-63%117.5%-10.8%9.9%149.5%-
BVPS (₹) ⓘ3.15.611.115.935.748.853.3
Adj Net
Profit ⓘ
11.518.840.836.449.8124136
Cash Flow from Ops. ⓘ6.212.912.3-6.8-11140.9-
Debt/CF from Ops. ⓘ2.40.90-0-00.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA49.1%48.9%135.8%
Adj EPS ⓘNA54%34.7%149.5%
BVPSⓘNA73.8%64.1%36.9%
Share Price - - - -9.3%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
50.15865.636.122.131.628.7
Op. Profit
Mgn % ⓘ
20.735.334.532.329.531.331.6
Net Profit
Mgn % ⓘ
1624.425.423.622.123.423.4
Debt to
Equity ⓘ
0.70.30000-
Working Cap
Days ⓘ
0539300458462307176
Cash Conv.
Cycle ⓘ
0-256-538418677112

Valuation of Garuda Const. & Eng. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'21Mar'22Mar'23Mar'25Mar'26
Sales7277161226531
Operating Expenses ⓘ + 6050105159367
Manufacturing Costs36318897203
Material Costs17111243145
Employee Cost 21234
Other Costs ⓘ 5641615
Operating Profit ⓘ 12275566164
Operating Profit Margin (%) 16.2%35.3%34.5%29.4%30.9%
Other Income ⓘ + 30123
Exceptional Items ⓘ 00000
Interest ⓘ 22013
Depreciation ⓘ 00100
Profit Before Tax ⓘ 12255567164
Tax ⓘ 36141742
Profit After Tax 9194150122
PAT Margin (%) 12.9%24.4%25.4%22.1%23.1%
Adjusted EPS (₹)1.22.55.55.413.2
Dividend Payout Ratio (%)0%0%0%0.50%0%
PARTICULARSMar'21Mar'22Mar'23Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 234283332454
Share Capital ⓘ 12.4612.4612.4646.5246.52
Reserves ⓘ 112970285408
Debt +15120012
Long Term Debt00000
Short Term Debt15120012
Minority Interest00010
Trade Payables58416231117
Others Liabilities ⓘ 3616314360
Total Liabilities ⓘ 132111176407644

Fixed Assets

Net Fixed Assets ⓘ +12222
Gross Block23345
Accumulated Depreciation11123
CWIP ⓘ 22222
Investments ⓘ 00000
Inventories0371112
Trade Receivables333077170149
Cash Equivalents 0774423
Others Assets ⓘ 966682177456
Total Assets ⓘ 132111176407644
PARTICULARSMar'21Mar'22Mar'23Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 61312-11178
PBT ⓘ 12255567164
Adjustment ⓘ -121-0-0
Changes in Working Capital ⓘ -5-10-37-160-76
Tax Paid ⓘ -1-4-6-17-10
Cash Flow From Investing Activity ⓘ + 12-1-2-50-82
Capex -0-1-0-10-115
Net Investments 11-0-200
Others ⓘ 10-0-4033
Cash Flow From Financing Activity ⓘ -18-5-121629
Net Proceeds from Shares ⓘ + 0001630
Net Proceeds from Borrowing ⓘ -1500-0-0
Interest Paid ⓘ -2-2-0-1-3
Dividend Paid ⓘ 000-00
Others ⓘ -1-3-12012
Net Cash Flow ⓘ 07-226
PARTICULARSMar'21Mar'22Mar'23Mar'25Mar'26
Ratios
ROE (%)40.3257.9765.5924.0331.15
ROCE (%)38.4658.5281.2232.7241.79
Asset Turnover Ratio0.540.631.120.771.01
PAT to CFO Conversion(x)0.670.680.29-2.220.64
Working Capital Days
Receivable Days165.80149121.70199.70109.60
Inventory Days012.8010.6014.308
Payable Days1,241.501,590.801,628.30398.60187

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Garuda Construction & Engineering Ltd FAQs

The current trading price of Garuda Const. & Eng. on 01-Oct-2026 16:59 is ₹172.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Sep-2026 the market cap of Garuda Const. & Eng. stood at ₹1,604 Cr

The latest P/E ratio of Garuda Const. & Eng. as of 30-Sep-2026 is 11.79.

The latest P/B ratio of Garuda Const. & Eng. as of 30-Sep-2026 is 3.23.

The 52-week high of Garuda Const. & Eng. is ₹249.4 and the 52-week low is ₹130.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Garuda Const. & Eng. is ₹581 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Garuda Construction & Engineering Ltd is a average quality company.

The key valuation ratios of Garuda Construction & Engineering Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Garuda Construction & Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Garuda Construction & Engineering Ltd

Garuda Construction and Engineering Limited was incorporated as ‘Garuda Construction and Engineering Private Limited’ on September 21, 2010, as a private limited company, in accordance with the provisions of the erstwhile Companies Act, 1956, pursuant to a Certificate of Incorporation dated September 21, 2010, issued by the RoC, Maharashtra at Mumbai. Subsequently, the company was converted to a public limited company, pursuant to a special resolution passed by its shareholders at the Extra Ordinary General Meeting held on September 09, 2023 and the name of the company was changed to ‘Garuda Construction and Engineering Limited’ and a fresh Certificate of Incorporation dated October 10, 2023 was issued to the Company by the RoC, Maharashtra at Mumbai.

Garuda Construction and Engineering is a growing civil construction company. It provides end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects, Wherein, civil construction includes construction of residential, hospitality, industrial, infrastructural and commercial buildings, construction of concrete building structures and composite steel structures which are required for the civil construction. Its end-to-end civil construction starts with detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing, hiring of contractor / manpower, procurement of material, lab testing, carrying out construction activities as per approved plan and finally handing over the project are per the agreed terms. Further, it is also involved in sector pertaining to civil construction cum services.

The construction of concrete building structures and composite steel structures are procured by the company from underlying sub-contractors as per specified designs which may be mandated by overlying developers or by its own engineering teams. Further, it also provides services such as operations and maintenance services (O&M) and Mechanical, Electrical and Plumbing (MEP) services and finishing works as a part of its construction services. Hence, all-in-all it offers complete construction services under its banner.

Business area of the company

The company is civil construction and engineering company based in Mumbai. It provides end to end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects. It also provides services such as operations and maintenance services (O&M) and Mechanical, Electrical and Plumbing (MEP) services and finishing works as a part of its construction services. Hence, it offers complete construction services under its banner.

History and milestones

  • 2010: Incorporation of the Company as ‘Garuda Construction and Engineering Private Limited’.
  • 2014: The company completed the civil construction of Golden Chariot Vasai Hotel and Spa.
  • 2016: The company commenced the construction of Delhi Police Headquarters.
  • 2020: The company became a subsidiary of PKH Ventures Limited.
  • 2021: The company completed the construction of Delhi Police Headquarters.
  • 2022: The company entered into a Construction and Development contract for a residential project at Borivali, Mumbai. 
  • 2024: The company received a Letter of Intent from Gorakhpur Development Authority as a successful bidder for the development of Rapti Nagar Extn. Township and Sports City.

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