Gammon India Ltd - Stock Valuation and Financial Performance

Name: Gammon India
Brand: Gammon India

BSE: 509550 | NSE: GAMMONIND | Engineering - Construction | Small Cap

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Data

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Gammon India stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

53.6 Cr.

52-wk low:

1.4

52-wk high:

1.5

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Gammon India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Gammon India:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Sep'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10%	19.7%	-19.7%	-96.8%	0%	0%	0%	0%	0%	0%	-
Value Creation Index ⓘ	-0.3	0.4	-2.4	NA	NA	NA	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,977	4,054	762	265	197	71.7	52.8	27.7	101	39.3	31
Sales YoY Gr.	-	1.9%	-81.2%	-65.2%	-25.5%	-63.7%	-26.3%	-47.7%	266.9%	-61.3%	-
Adj EPS ⓘ	-35.9	-0	-44.4	-53.8	-49.2	-30.2	-19.4	-29.4	-35.6	-50.8	-39.2
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	96.5	42.1	17.4	-35.7	-83.2	-113.6	-133.1	-162.5	-204.2	-257.5	-63.2
Adj Net Profit ⓘ	-487	-1.3	-1,639	-1,984	-1,813	-1,115	-715	-1,084	-1,314	-1,874	-1,447
Cash Flow from Ops. ⓘ	-28	2.8	126	44	-70.3	-5.9	-0.8	0.3	-7.6	2	-
Debt/CF from Ops. ⓘ	-230.8	1217.9	28.6	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-40.1%	-27.6%	-9.4%	-61.3%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	-211.5%	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Sep'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-34.2	-0.1	-111.2	591.1	82.7	30.7	15.7	19.9	19.4	22	24.4
Op. Profit Mgn % ⓘ	-2.1	15.9	-6.7	27.3	11.2	-73.9	-63.9	-897.6	-65.7	-1476.8	-84
Net Profit Mgn % ⓘ	-12.3	-0	-215.2	-749	-918.4	-1554.9	-1353.1	-3918	-1295.1	-4773.9	-4732.7
Debt to Equity ⓘ	4.9	2.2	5.6	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	882	442	2,724	5,726	6,452	14,355	18,720	33,274	7,502	11,659	502
Cash Conv. Cycle ⓘ	174	51	282	-120	3	86	-154	-30	-373	-407	-42,130

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Gammon India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-39.2	-35.4
TTM Sales (₹ Cr.)	30.6	31.7
BVPS (₹.) ⓘ	-63.2	-202.3
Reserves (₹ Cr.) ⓘ	-2,409	-7,551
P/BV ⓘ	-0.02	-0.01
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	1.40 / 1.54
All Time Low / High (₹)	0.69 / 845.00
Market Cap (₹ Cr.)	53.6
Equity (₹ Cr.)	73.9
Face Value (₹)	2
Industry PE ⓘ	37.9

Management X-Ray of Gammon India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

84.75

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

Valuation of Gammon India

Analyst's Notes

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Key Ratios of Gammon India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Sep'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,982.84	6,081.59	761.68	264.94	197.40	71.71	52.84	27.66	101.48	39.25
Operating Expenses ⓘ	3,053.25	5,114.51	871.99	192.52	175.37	138.24	93.45	278.84	205.91	632.36
Manufacturing Costs	856.94	1,670.69	255.67	72.10	87.03	55.87	37.51	19.68	16.98	28.51
Material Costs	1,506.38	2,358.53	295.49	44	22.16	16.71	13.98	12.11	38.36	13.14
Employee Cost	337.07	535.73	78.43	11.83	8.48	7.63	7.44	8.09	8.87	7.90
Other Costs ⓘ	352.86	549.56	242.40	64.59	57.70	58.03	34.52	238.96	141.70	582.81
Operating Profit ⓘ	-70.41	967.08	-110.31	72.42	22.03	-66.53	-40.61	-251.18	-104.43	-593.11
Operating Profit Margin (%)	-2.4%	15.9%	-14.5%	27.3%	11.2%	-92.8%	-76.9%	-908.0%	-102.0%	-1,511.1%
Other Income ⓘ	708.46	616.20	308.17	112.42	112.75	51.49	33.38	25.27	21.96	49.10
Interest ⓘ	478.76	1,076.12	522.84	577.77	565.34	587.83	607.37	724.27	814.56	917.59
Depreciation ⓘ	81.85	261.47	32.65	11.77	10.56	9.74	9.01	3.61	2.14	1.78
Exceptional Items ⓘ	0	-27.90	-1,305.09	-1,586.65	-1,313	-508.94	-95.56	-130.76	-652.46	-114.01
Profit Before Tax ⓘ	77.44	217.79	-1,662.72	-1,991.35	-1,754.12	-1,121.55	-719.17	-1,084.55	-1,551.63	-1,577.39
Tax ⓘ	9.64	117.27	-2.80	-32.55	0.93	1.01	-2.32	1.20	-11.55	385.61
Profit After Tax	67.80	100.52	-1,659.92	-1,958.80	-1,755.05	-1,122.56	-716.85	-1,085.75	-1,540.08	-1,963
PAT Margin (%)	2.3%	1.7%	-217.0%	-739.0%	-889.0%	-1,565.4%	-1,356.6%	-3,925.3%	-1,517.6%	-5,001.3%
Adjusted EPS (₹)	5.0	2.8	-45.0	-53.1	-47.6	-30.4	-19.4	-29.4	-41.8	-53.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Sep'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,092.04	2,305.71	643.58	-1,315.02	-3,067.75	-4,190.64	-4,907.37	-5,993.10	-7,533.20	-9,496.34
Share Capital ⓘ	27.50	73.28	74.11	74.11	74.11	74.11	74.11	74.11	74.11	74.11
Reserves ⓘ	1,064.54	2,232.43	569.47	-1,389.13	-3,141.86	-4,264.75	-4,981.48	-6,067.21	-7,607.31	-9,570.45
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	4,746.10	4,715	3,141.31	0	0	0	0	0	0	0
Long Term Debt	3,568.97	2,735.57	2,192.17	0	0	0	0	0	0	0
Short Term Debt	1,177.13	1,979.43	949.14	0	0	0	0	0	0	0
Trade Payables	1,438.92	1,034.49	199.71	137.57	135.24	112.98	105.29	97.49	92.80	58.46
Others Liabilities ⓘ	1,708.09	2,142.90	1,986.19	6,171.63	6,557.02	7,460.19	8,034.36	8,797.98	9,704.92	10,578.17
Total Liabilities ⓘ	8,985.15	10,198.10	5,970.79	4,994.18	3,624.51	3,382.53	3,232.28	2,902.37	2,264.52	1,140.29
Fixed Assets
Gross Block	1,837.38	2,041.65	538.70	550.85	549.50	543.64	529.17	516.03	486.37	492.63
Accumulated Depreciation	766.99	817.45	87.42	100.11	109.87	114.13	111.10	103.92	81.20	87.42
Net Fixed Assetsⓘ	1,070.39	1,224.20	451.28	450.74	439.63	429.51	418.07	412.11	405.17	405.21
CWIP ⓘ	22.25	18.74	20.05	10.38	3.33	1.73	0	0	0	0
Investmentsⓘ	78.77	1,706.96	1,208.53	446.70	273	212	121.72	121.70	44.70	38.88
Inventories	1,722.51	1,031.82	146.27	123.82	45.47	38.92	33.13	32.71	10.97	6.61
Trade Receivables	1,352.20	680.59	60.46	132	121.06	24.76	26.23	31.16	5.83	4.35
Cash Equivalents	90.71	120.53	51.79	13.16	3.39	3.95	7.78	10.27	1.56	1.91
Others Assetsⓘ	4,648.32	5,415.26	4,032.41	3,817.38	2,738.63	2,671.66	2,625.35	2,294.42	1,796.29	683.33
Total Assets ⓘ	8,985.15	10,198.10	5,970.79	4,994.18	3,624.51	3,382.53	3,232.28	2,902.37	2,264.52	1,140.29

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Sep'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-21.03	4.13	125.62	44	-70.28	-5.88	-0.80	0.30	-7.64	2
PBT ⓘ	77.44	217.79	-1,662.72	-1,991.35	-1,754.12	-1,121.55	-719.17	-1,084.55	-1,551.63	-1,577.39
Adjustment ⓘ	-100.05	798.44	1,667.59	2,105.51	1,829.80	1,109.21	714.15	1,071.09	1,583.79	1,585.22
Changes in Working Capital ⓘ	61.52	-927.92	136.69	-63.35	-143.26	8.69	4.11	14.92	-38.89	-5.17
Tax Paid ⓘ	-59.94	-84.18	-15.94	-6.81	-2.70	-2.23	0.11	-1.16	-0.91	-0.66
Cash Flow From Investing Activity ⓘ	-12.10	-212.88	34.47	80.98	428.98	6.77	6.72	-0.31	11.34	-1.99
Capex	1.19	-57.49	8.66	20.56	14.41	3.80	4.45	2.17	1.78	-1.78
Net Investments	-0.36	-0.04	-0.26	2.72	2.98	0.73	0.05	0	0	0
Others ⓘ	-12.93	-155.35	26.07	57.70	411.59	2.24	2.22	-2.48	9.56	-0.21
Cash Flow From Financing Activityⓘ	53.62	249.96	-191.63	-159.71	-365.99	-0.33	-2.09	0	-3.71	-0.01
Net Proceeds from Shares ⓘ	0	0	-0.17	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	366.59	105.19	-14	0	0	-0.24	0	0	0	0
Interest Paid ⓘ	-339.94	-951.12	-137.53	-108.75	-102.03	-0.09	-2.09	0	-0.36	-0.01
Dividend Paid ⓘ	-0.02	0	0	0	0	0	0	0	0	0
Others ⓘ	26.99	1,095.89	-39.93	-50.96	-263.96	0	0	0	-3.35	0
Net Cash Flow ⓘ	20.49	41.21	-31.54	-34.73	-7.29	0.56	3.83	-0.01	-0.01	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Sep'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.07	6.11	-112.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	9.95	19.65	-19.7	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.35	0.64	0.09	0.05	0.05	0.02	0.02	0.01	0.04	0.02
PAT to CFO Conversion(x)	-0.31	0.04	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	158	61	178	133	234	371	176	379	67	47
Inventory Days	208	82	282	186	157	215	249	434	79	82
Payable Days	357	191	762	1,399	2,247	2,711	2,849	3,056	905	2,101

Gammon India Ltd Stock News

Gammon India Ltd FAQs

What is the share price of Gammon India?

Company share prices are keep on changing according to the market conditions. The closing price of Gammon India on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Gammon India?

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 01-Jan-1970 05:30 the market cap of Gammon India stood at ₹53.59.

What is the P/E ratio of Gammon India?

The latest P/E ratio of Gammon India as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Gammon India?

The latest P/B ratio of Gammon India as of 01-Jan-1970 05:30 is -0.02.

What is the 52-week high and low of Gammon India?

The 52-week high of Gammon India is ₹1.54 and the 52-week low is ₹1.40.

What is the TTM revenue of Gammon India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gammon India is ₹30.57 ( Cr.) .

About Gammon India Ltd

Gammon India company was incorporated way back in 1922 as a private limited company, founded by John C. Gammon and was converted into a public Ltd. company on April 31, 1962. The company provides engineering services and construction of services. It operates in plan, design and undertakes construction of roads, highways, bridges and other projects.

Gammon India is not only the largest civil engineering construction company in India, but can lay claim for the largest number of bridges built in the whole of Commonwealth. With over seventy years of tradition in the field of construction. Gammon is a name that is inextricably woven into the fabric of India.

As builders to the nation, Gammon has made concrete contributions by designing and constructing bridges, ports, harbours, thermal and nuclear power stations, dams, high-rise structures, chemical and fertilizer complexes environmental structures, cross country water, oil and gas pipelines. Gammon has accomplished this by fusing tremendous engineering knowledge with innovative skills, harnessing men and materials to build structures.

The project services of the Group include transportation engineering, energy projects and high rise structures, hydraulic works and irrigation projects, tunnel engineering, marine structures, water projects, pipeline projects and road projects.

This insatiable quest has led Gammon to pioneer Reinforced and Prestressed Concrete, Long span bridges, Under water concreting using the Colcrete process, Thin shell structures, Non-Shrinking concrete, Aluminium trusses for launching precast, prestressed beams and many more.â€™

Current projects of the company:

Vadape-Gonde Road (99.5km) Nh-3
Parbati Hydroelectric Project -Lot PB3
Rampur Hydroelectric Project - Package 1 & 2
West Bengal Corridor Project
Bramhaputra Bridge
Contract- BC- 12 & BC- 13
Gorakhpur By Pass
Kosi Bridge
Dahej Uran Pipeline Project Spread -3
Gandikota -Package 2, Andhra Pradesh Irrigation Works
Kalwakurthy Lift Irrigation Scheme

Landmark projects of the company:

The first precast reinforced concrete piling job in India - The Construction of foundations of the Gateway of India, Mumbai in 1919.
The Longest River Bridge then in the World across the Mighty Ganges at Patna.
India's first Cable Stayed Bridge at Akkar, Sikkim
The Longest span Cantilever Bridge in India across river Jadukata, is an example of an innovative and aesthetically beautiful bridge.
Construction of the longest Railway Tunnel in Asia for Konkan Railway at Ratnagiri Terminal Building for Sharjah International Airport.
The first 500 MW Thermal Power Station at Trombay.
The Tallest Cooling Tower at Panipat.
Longest Urban Flyover : 5.3 Km in length at Hebbal for Bangalore Development Authority
Elevated Viaducts for Delhi Metro Rail Corporation
The first Extradosed Elevated Structure (viaduct) at Barakhamba - Indraprastha section on Line-3 for Delhi Metro Rail Corporation

Clientele:

Delhi Metro Rail Corporation Limited
GAIL India Limited
Godrej Properties
Gorakhpur Infrastructure Company Limited
Government of Andhra Pradesh
Government of West Bengal
Kosi Bridge Infrastructure Company Limited
Ministry of Housing, Electricity and Water, Sultanate of Oman
Municipal Corporation of Amritsar
National Highway Authority of India
National Hydroelectric Power Corporation Limited
Nuclear Power Corporation of India
Sabarmati River Front Development Corporation Limited
Satluj Jal Vidhyut Nigam Limited

Subsidiaries of the company:

Gammon Infrastructure Projects Ltd. GIPL
Gammon Cooling Towers Ltd.
Gammon and Billimoria Ltd.
Rajahmundry Expressway Ltd. (REL)
Andhra Expressway Ltd. (AEL)
Cochin Bridge Infrastructure Co. Ltd. (CBICL)
Mumbai Nasik Expressway Ltd. (MNEL)
Sikkim Hydro Power Ventures Ltd. (SHVPL)
Gammon Project Developers Ltd. (GDPL)
Gammon Realty Limited (GRL)
Kosi Bridge Infrastructure Company Ltd. (KBICL)
Gorakhpur Infrastructure Company Ltf. (GICL)
Marine Projects Services Ltd.

Awards/Achievements

MSRDC Award for J.J. Hospital to Palton Road by J.J. Hospital - 2002
ACCE-L&T Endowment Award for Excellence in construction of Haldia Induced Draught Cooling Towers - Induced Draught Cooling Towers at Haldia - 2001
IIBE -7th Annual Award Nite for Flyover at Doveton Jn.Chennai by Doveton Jn. Chennai - 2001
IIBE-7th Annual Award Nite for Noida Bridge at Delhi by Noida Bridge at Delhi - 2001
ACCE-L&T Endowment Award for Excellence in construction of Industrial Structure, Raichur Natural Draft Cooling Towers by Raichur Multiflue Chimney - 2000
ICI-MC-Bauchemie Award for the Most Outstanding Bridge, Kaladan Bridge by Kaladan Bridge - 2000
ICI-MC-Bauchemie Award for the Most Outstanding Bridge, Jadukata Bridge by Jadukata Bridge -1999
ACCE-Sarvamangala Award for Excellence in Construction of Karbude Tunnel by Konkan Railway Tunnel and Viaduct - 1999
ACCE-L&T Endowment Award for Excellence in Construction of Industrial Structure, Kothgudem, Natural Draft R.C Cooling Towers by Kothgudem Coolling Tower -1998
IIBE- Most Outstanding Bridge National Award, For CMLR Vashi Flyover by CMLR Vashi Flyover -1998
IIBE- Most Outstanding National Award TO P.V.Raj Memorial. P.V.Raj Memorial 1995
Certificate of Merit for Akkar Bridge by Akkar Bridge - 1988
The Arch of Europe Gold Award by Ganga Bridge -1987
IFAWPCA Certificate for Sindhri Horizontal Silos by Sindhri Horizontal Silos - 1971
IFAWPCA Certificate for Thane Creek Bridge by Thane Creek Bridge -1971
IFAWPCA Builders Award to Gammon India LTD - 1970
Award By Gujarat Electricity Board by Gujarat Electricity Board in 1965

Recent Development:

November 2010 - Gammon India acquired 84.16% of equity capital in Metropolitan Infrahousing. Consequently, Metropolitan Infrahousing has become a subsidiary of the company. The company already had 13 subsidiaries before this acquisition.
September 2010 - Gammon India announced that Gammon Group companies won Rs 310 crore worth of order for supply of 1 x 150 megawatt (MW) steam turbine and boiler for Nagai Power plant.
March 2010 - Gammon India won Rs 631.81 crore order from Delhi Tourism and Transportation Development Corporation (DTTDC). The order is for construction of bridge which approaches over river Yamuna at Wazirabad, Delhi.
February 2010 - Gammon India has bagged a contract form the International Society for Krishna Consciousness (ISKCON) worth Rs 137.28 crore. The order comprises construction of Sri Chaitanya Chandrodaya Mandir and Indian Educational & Cultural Centre at Sri Mayapur, Dist: Nadia, West Bengal.