BSE: 544271 | NSE: GARUDA | Construction - Real Estate |
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 Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Garuda Construction & Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 38.5% | 58.5% | 81.2% | 49.2% | - |
| Value Creation Index ⓘ | 1.8 | 3.2 | 4.8 | 2.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 72 | 77 | 161 | 154 | 154 |
| Sales YoY Gr. | - | 7% | 108.6% | -4.1% | - |
| Adj EPS ⓘ | 1.5 | 2.5 | 5.5 | 4.9 | 3.9 |
| YoY Gr. | - | 63% | 117.5% | -10.8% | - |
| BVPS (₹) ⓘ | 3.1 | 5.6 | 11.1 | 15.9 | 40.7 |
| Adj Net Profit ⓘ | 11.5 | 18.8 | 40.8 | 36.4 | 36 |
| Cash Flow from Ops. ⓘ | 6.2 | 12.9 | 12.3 | -6.8 | - |
| Debt/CF from Ops. ⓘ | 2.4 | 0.9 | 0 | -0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 28.9% | -4.1% | ||||
| Adj EPS ⓘ | NA | NA | 46.8% | -10.8% | ||||
| BVPSⓘ | NA | NA | 72.9% | 44.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 50.1 | 58 | 65.6 | 36.1 | 13.9 |
| Op. Profit Mgn % ⓘ | 20.7 | 35.3 | 34.5 | 32.1 | NAN |
| Net Profit Mgn % ⓘ | 16 | 24.4 | 25.4 | 23.6 | 23.7 |
| Debt to Equity ⓘ | 0.7 | 0.3 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 539 | 300 | 458 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -256 | -53 | 84 | 0 |
Sales growth is growing at healthy rate in last 3 years 28.92%
Net Profit is growing at healthy rate in last 3 years 46.78%
Return on Equity has declined versus last 3 years average to 13.90%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.9 | 4.4 |
| TTM Sales (₹ Cr.) | 154 | 161 |
| BVPS (₹.) ⓘ | 40.7 | 0 |
| Reserves (₹ Cr.) ⓘ | 332 | 320 |
| P/BV ⓘ | 2.04 | 0.00 |
| PE ⓘ | 21.19 | 18.93 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 80.11 / 120.73 |
| All Time Low / High (₹) | 80.11 / 120.73 |
| Market Cap (₹ Cr.) | 772 |
| Equity (₹ Cr.) | 46.5 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 72.9 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 72 | 77 | 161 | 154 |
| Operating Expenses ⓘ | 60 | 50 | 105 | 105 |
| Manufacturing Costs | 36 | 31 | 88 | 85 |
| Material Costs | 17 | 11 | 12 | 9 |
| Employee Cost | 2 | 1 | 2 | 2 |
| Other Costs ⓘ | 5 | 6 | 4 | 8 |
| Operating Profit ⓘ | 12 | 27 | 55 | 49 |
| Operating Profit Margin (%) | 16.2% | 35.3% | 34.5% | 32.1% |
| Other Income ⓘ | 3 | 0 | 1 | 0 |
| Interest ⓘ | 2 | 2 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 1 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 12 | 25 | 55 | 50 |
| Tax ⓘ | 3 | 6 | 14 | 13 |
| Profit After Tax | 9 | 19 | 41 | 36 |
| PAT Margin (%) | 12.9% | 24.4% | 25.4% | 23.6% |
| Adjusted EPS (₹) | 1.2 | 2.5 | 5.5 | 4.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 23 | 42 | 83 | 119 | ||||||
| Share Capital ⓘ | 12 | 12 | 12 | 37 | ||||||
| Reserves ⓘ | 11 | 29 | 70 | 82 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 15 | 12 | 0 | 0 | ||||||
| Long Term Debt | 0 | 0 | 0 | 0 | ||||||
| Short Term Debt | 15 | 12 | 0 | 0 | ||||||
| Trade Payables | 58 | 41 | 62 | 62 | ||||||
| Others Liabilities ⓘ | 36 | 16 | 31 | 47 | ||||||
| Total Liabilities ⓘ | 132 | 111 | 176 | 228 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 3 | 3 | 4 | ||||||
| Accumulated Depreciation | 1 | 1 | 1 | 2 | ||||||
| Net Fixed Assetsⓘ | 1 | 2 | 2 | 2 | ||||||
| CWIP ⓘ | 2 | 2 | 2 | 2 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 3 | 7 | 7 | ||||||
| Trade Receivables | 33 | 30 | 77 | 176 | ||||||
| Cash Equivalents | 0 | 7 | 7 | 2 | ||||||
| Others Assetsⓘ | 96 | 66 | 82 | 38 | ||||||
| Total Assets ⓘ | 132 | 111 | 176 | 228 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 13 | 12 | -7 |
| PBT ⓘ | 12 | 25 | 55 | 50 |
| Adjustment ⓘ | -1 | 2 | 1 | 0 |
| Changes in Working Capital ⓘ | -5 | -10 | -37 | -42 |
| Tax Paid ⓘ | -1 | -4 | -6 | -14 |
| Cash Flow From Investing Activity ⓘ | 12 | -1 | -2 | 3 |
| Capex | 0 | -1 | 0 | 0 |
| Net Investments | 12 | 0 | -2 | 0 |
| Others ⓘ | 1 | 0 | 0 | 3 |
| Cash Flow From Financing Activityⓘ | -18 | -5 | -12 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -15 | 0 | 0 | 0 |
| Interest Paid ⓘ | -2 | -2 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | -3 | -12 | 0 |
| Net Cash Flow ⓘ | 0 | 7 | -2 | -4 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 40.32 | 57.97 | 65.59 | 36.14 | ||||||
| ROCE (%) | 38.46 | 58.52 | 81.22 | 49.19 | ||||||
| Asset Turnover Ratio | 0.54 | 0.63 | 1.12 | 0.76 | ||||||
| PAT to CFO Conversion(x) | 0.67 | 0.68 | 0.29 | -0.19 | Working Capital Days | |||||
| Receivable Days | 166 | 149 | 122 | 300 | ||||||
| Inventory Days | 0 | 13 | 11 | 17 | ||||||
| Payable Days | 1,241 | 1,591 | 1,628 | 2,418 | ||||||
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
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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