Gayatri Projects Limited (GAYAPROJ) AI Stock Analysis

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Gayatri Projects Limited

(NSE:GAYAPROJ)

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Rating:61Neutral

Price Target:INR 19.50▲(5.12% Upside)

Action:reiterated

Date:09/11/26

The score is held back primarily by lower-quality and volatile fundamentals—thin/negative operating profitability and profits that appear driven by non-operating items despite recent balance-sheet repair and improving cash flow. Offsetting this, technicals show a strong uptrend, and valuation looks exceptionally cheap on P/E, supporting a mid-range overall score.

Positive Factors

Revenue RecoveryThe sharp 2026 revenue rebound indicates that the company can regain project activity after earlier contraction. If this recovery persists, greater execution volume could improve operating leverage, strengthen its market presence, and support more consistent cash generation over the next several quarters.

Negative Factors

Weak Core ProfitabilityVery thin gross margins and negative operating profit show that core project economics remain weak despite the revenue rebound. This limits the company’s ability to convert higher execution volumes into durable earnings and leaves results sensitive to cost overruns, pricing pressure, or changes in project mix.

Gayatri Projects Limited (GAYAPROJ) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 8.59B
Dividend Yield: ―
Average Volume (3M): 172.09K
Price to Earnings (P/E): 0.2
Beta (1Y): 0.74
Revenue Growth: 175.79%
EPS Growth: 1261.83%
Country: India
Employees: 240
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Gayatri Projects Limited Business Overview & Revenue Model

Company Description

Gayatri Projects Limited engages in the construction business in India. The company is involved in engineering, procurement, and construction of roads, irrigation, water distribution, and mining works, as well as industrial, transportation, and land...

Gayatri Projects Limited Financial Statement Overview

Summary

Turnaround signs in 2025–2026 (positive operating cash flow and improved balance sheet in 2026 as equity turns positive and debt drops). However, operating profitability remains weak (negative operating margin, ~2% gross margin), revenue has been highly volatile, and 2026 net profit appears heavily influenced by non-operating items, reducing earnings quality and predictability.

Income Statement

46Neutral

Balance Sheet

38Negative

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Sep 2025	Mar 2025	Mar 2024	Mar 2022
Income Statement
Total Revenue	9.99B	8.47B	10.17B	4.50B	6.80B	31.02B
Gross Profit	578.64M	197.18M	-6.66B	-271.85M	273.55M	-1.48B
EBITDA	-698.65M	21.24B	-11.35B	1.86B	916.06M	-5.82B
Net Income	20.80B	20.42B	-15.04B	1.24B	414.59M	-9.58B
Balance Sheet
Total Assets	0	21.15B	35.78B	34.39B	34.08B	49.61B
Cash, Cash Equivalents and Short-Term Investments	226.98M	226.98M	299.48M	2.50B	406.50M	253.52M
Total Debt	0	3.11B	37.91B	36.28B	36.75B	27.48B
Total Liabilities	-6.07B	15.08B	51.77B	48.76B	49.63B	49.66B
Stockholders Equity	6.07B	6.07B	-15.98B	-14.37B	-15.55B	-48.77M
Cash Flow
Free Cash Flow	-2.15B	1.56B	0	2.56B	-1.13B	-7.12B
Operating Cash Flow	-2.12B	1.61B	-9.76B	2.59B	-1.13B	-6.95B
Investing Cash Flow	56.88M	540.93M	254.35M	-29.13M	2.40B	2.11B
Financing Cash Flow	-305.75M	-4.42B	9.52B	-466.08M	-1.16B	4.25B

Gayatri Projects Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price18.55

Price Trends

50DMA21.59Negative

100DMA21.40Negative

200DMA18.78Negative

Market Momentum

MACD-0.53Positive

RSI39.30Neutral

STOCH13.92Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GAYAPROJ, the sentiment is Negative. The current price of 18.55 is below the 20-day moving average (MA) of 19.87, below the 50-day MA of 21.59, and below the 200-day MA of 18.78, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 39.30 is Neutral, neither overbought nor oversold. The STOCH value of 13.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GAYAPROJ.

Gayatri Projects Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GAYAPROJ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DENTA	64Neutral	INR 6.32B	13.25	―	1.05%	-4.18%	-27.85%
IN:SRM	62Neutral	INR 9.26B	7.87	―	―	75.33%	86.76%
IN:GAYAPROJ	61Neutral	INR 8.61B	0.17	―	―	175.79%	1261.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:OMINFRAL	47Neutral	INR 6.74B	20.12	―	0.71%	-19.68%	47.04%
IN:SEPC	43Neutral	INR 8.12B	37.49	―	―	62.10%	-193.88%

* General Sector Average

Performance Comparison

IN:GAYAPROJ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GAYAPROJ	Gayatri Projects Limited	18.55	6.87	58.82%
IN:OMINFRAL	Om Infra Limited	69.98	-40.05	-36.40%
IN:SEPC	SEPC Limited	5.00	-5.69	-53.23%
IN:SRM	SRM Contractors Ltd.	403.65	-229.35	-36.23%
IN:DENTA	Denta Water and Infra Solutions Limited	236.85	-152.70	-39.20%
IN:ARIS	ArisInfra Solutions Limited	147.10	-11.65	-7.34%

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.

Date of analysis: Sep 11, 2026

Gayatri Projects Limited AI Stock Analysis