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Garuda Construction and Engineering Limited
(GARUDA)
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Rating:73Outperform
Price Target:
₹185.00
▼(-1.41% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by solid fundamentals—strong growth/profitability and a low-leverage balance sheet—partly offset by historically inconsistent cash conversion. Technically, the uptrend is supported by price above major moving averages and positive MACD, though near-overbought readings reduce upside confidence. Valuation is reasonable on P/E but lacks dividend-yield support.
Positive Factors
Strong revenue growth
The sharp revenue increase demonstrates substantial recent business scaling and stronger project execution or demand. If maintained, this larger operating base can support greater earnings capacity, strengthen the company’s market position, and provide resources for continued expansion over the next several quarters.
Negative Factors
Inconsistent cash conversion
Negative operating and free cash flow across the prior two years shows that reported earnings have not consistently converted into cash. Although the latest rebound is encouraging, recurring working-capital or collection pressure could constrain reinvestment, weaken earnings quality, and create funding needs through the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
The sharp revenue increase demonstrates substantial recent business scaling and stronger project execution or demand. If maintained, this larger operating base can support greater earnings capacity, strengthen the company’s market position, and provide resources for continued expansion over the next several quarters.
Read all positive factors
Garuda Construction and Engineering Limited (GARUDA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.02B
Dividend Yield0.02%
Average Volume (3M)78.64K
Price to Earnings (P/E)11.3
Beta (1Y)1.09
Revenue Growth84.01%
EPS Growth96.74%
CountryIN
Employees97
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)14.63
Shares Outstanding93,041,740
10 Day Avg. Volume22,178
30 Day Avg. Volume78,635
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)2.72
Price to Sales (P/S)2.33
P/FCF Ratio15.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Garuda Construction and Engineering Limited Business Overview & Revenue Model
Company Description
Operating within India, Garuda Construction and Engineering Limited specializes in providing a comprehensive range of civil construction and engineering solutions. Its extensive portfolio encompasses the development of residential, commercial, mix...
Garuda Construction and Engineering Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.81B | 5.31B | 2.26B | 1.54B | 1.61B | 770.21M |
| Gross Profit | 1.97B | 1.77B | 817.12M | 598.13M | 588.23M | 347.83M |
| EBITDA | 1.86B | 1.64B | 682.67M | 500.74M | 559.59M | 270.41M |
| Net Income | 1.36B | 1.22B | 497.95M | 364.35M | 407.95M | 187.82M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.44B | 4.07B | 2.28B | 1.76B | 1.11B |
| Cash, Cash Equivalents and Short-Term Investments | 228.74M | 228.74M | 444.99M | 5.07M | 48.46M | 68.84M |
| Total Debt | 0.00 | 120.37M | 1.07M | 1.52M | 1.93M | 119.90M |
| Total Liabilities | -4.54B | 1.90B | 749.89M | 1.09B | 937.38M | 692.44M |
| Stockholders Equity | 4.54B | 4.54B | 3.32B | 1.19B | 826.12M | 417.90M |
Cash Flow | ||||||
| Free Cash Flow | 49.01M | 782.78M | -1.11B | -69.35M | 119.52M | 117.58M |
| Operating Cash Flow | 49.01M | 789.70M | -1.10B | -68.12M | 122.56M | 129.17M |
| Investing Cash Flow | -62.33M | -848.61M | -515.56M | 25.39M | -21.13M | -11.56M |
| Financing Cash Flow | -4.83M | 119.30M | 1.63B | -658.00K | -121.81M | -50.82M |
Garuda Construction and Engineering Limited Technical Analysis
Negative
187.65
Price Trends
178.43
Negative
176.08
Negative
176.28
Negative
Market Momentum
-2.28
Positive
34.81
Neutral
16.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GARUDA, the sentiment is Negative. The current price of 187.65 is above the 20-day moving average (MA) of 176.46, above the 50-day MA of 178.43, and above the 200-day MA of 176.28, indicating a bearish trend. The MACD of -2.28 indicates Positive momentum. The RSI at 34.81 is Neutral, neither overbought nor oversold. The STOCH value of 16.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GARUDA.
Garuda Construction and Engineering Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹16.02B | 11.31 | ― | 0.02% | 84.01% | 96.74% | |
65 Neutral | ₹16.48B | 15.54 | ― | 2.27% | 1.62% | 12.27% | |
60 Neutral | ₹15.38B | 8.17 | ― | 0.54% | 12.37% | -5.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹12.12B | 2,607.00 | ― | 0.89% | 21.77% | -96.12% | |
54 Neutral | ₹13.58B | 14.56 | ― | 0.39% | 37.86% | 57.21% | |
52 Neutral | ₹20.22B | 41.53 | ― | 1.10% | 4.58% | 34.38% |
* General Sector Average
IN:GARUDA
Garuda Construction and Engineering Limited
165.50
-34.45
-17.23%
IN:BLKASHYAP
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IN:CAPACITE
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IN:GPTINFRA
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IN:SIMPLEXINF
Simplex Infrastructures Limited
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-15.49%
IN:SPMLINFRA
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-87.80
-36.37%
Garuda Construction and Engineering Limited Corporate Events
Garuda Construction Corrects Date Error in Quarterly Review Report
Sep 9, 2026
Garuda Construction and Engineering Limited clarified that a discrepancy identified by the National Stock Exchange related to its Consolidated Limited Review Report for the quarter ended June 30, 2026 has been rectified. The correction concerns on...
Garuda Construction Schedules Virtual 16th AGM, Publishes Regulatory Notices
Sep 7, 2026
Garuda Construction and Engineering Limited has notified the stock exchanges that its 16th Annual General Meeting will be held on September 30, 2026, at 11:00 A.M via video conferencing and other audio-visual means. The company has published the A...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.