BSE: 532767 | NSE: GAYAPROJ | Engineering - Construction | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gayatri Projects Ltd is a below average quality company.
The key valuation ratios of Gayatri Projects Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gayatri Projects 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'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.7% | 3.1% | 3.7% | 5.1% | 9.8% | 11.1% | 15.5% | 10.6% | 13% | -20.6% | - |
| Value Creation Index ⓘ | -0.7 | -0.8 | -0.7 | -0.6 | -0.3 | -0.2 | 0.1 | -0.3 | -0.1 | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,971 | 1,594 | 1,501 | 1,726 | 2,115 | 2,912 | 3,463 | 3,439 | 3,901 | 3,102 | 1,369 |
| Sales YoY Gr. | - | -19.1% | -5.9% | 15% | 22.5% | 37.7% | 18.9% | -0.7% | 13.4% | -20.5% | - |
| Adj EPS ⓘ | 1.9 | -1.1 | -2 | -1.6 | 0.6 | 4.3 | 8.6 | -3 | 2.1 | -45.9 | -77.7 |
| YoY Gr. | - | -158.9% | NA | NA | NA | 623.7% | 100.9% | -135.4% | NA | -2254.9% | - |
| BVPS (₹) ⓘ | 44.2 | 42.2 | 48.4 | 31 | 28.9 | 54 | 62.7 | 48.6 | 50.9 | -0.3 | 0 |
| Adj Net Profit ⓘ | 29.1 | -17.1 | -30.2 | -27.6 | 10.5 | 80 | 161 | -56.8 | 39.9 | -859 | -1,455 |
| Cash Flow from Ops. ⓘ | 1,246 | 600 | -23.5 | 470 | 234 | 213 | 516 | 361 | 228 | -695 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 15.7 | -181.2 | 8.1 | 9.4 | 10.8 | 4.3 | 5.6 | 9.2 | -3.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.2% | 8% | -3.6% | -20.5% | ||||
| Adj EPS ⓘ | -242.3% | -338.9% | -274.9% | -2254.9% | ||||
| BVPSⓘ | -156.5% | -139% | -116.1% | -100.5% | ||||
| Share Price | -13% | -36.1% | -39.2% | 20.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.6 | -2.6 | -4.4 | -4.3 | 2 | 10.5 | 14.7 | -5.5 | 4.3 | -181.2 | 59800 |
| Op. Profit Mgn % ⓘ | 22 | 25.1 | 22.9 | 12 | 15.3 | 16.7 | 15.7 | 11.3 | 11.2 | -12.6 | -64.3 |
| Net Profit Mgn % ⓘ | 0.6 | -1.9 | -3.1 | -0.9 | 1.2 | 4.3 | 5.2 | -0.9 | 1 | -27.7 | -106.3 |
| Debt to Equity ⓘ | 9.8 | 14.8 | 5.8 | 7 | 4.3 | 2.3 | 1.9 | 2.2 | 2.2 | -561.5 | - |
| Working Cap Days ⓘ | 457 | 613 | 628 | 518 | 449 | 391 | 395 | 448 | 413 | 500 | 339 |
| Cash Conv. Cycle ⓘ | 50 | 28 | 35 | 63 | 42 | 47 | 64 | 76 | 63 | 115 | -169 |
Return on Equity has increased versus last 3 years average to 59.00%
Sales growth has been subdued in last 3 years -3.60%
Sales growth is not so good in last 4 quarters at -65.86%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -76.1 | -77.7 |
| TTM Sales (₹ Cr.) | 1,369 | 1,369 |
| BVPS (₹.) ⓘ | 0 | 0 |
| Reserves (₹ Cr.) ⓘ | -914 | -995 |
| P/BV ⓘ | 0.00 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 5.39 / 11.40 |
| All Time Low / High (₹) | 4.54 / 237.55 |
| Market Cap (₹ Cr.) | 135 |
| Equity (₹ Cr.) | 37.4 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 97.36 | 97.36 | 97.36 | 97.29 | 78.30 | 72.40 | 72.40 | 72.40 | 0.00 | 40.63 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,971 | 1,594 | 1,501 | 1,726 | 2,115 | 2,912 | 3,463 | 3,439 | 3,901 | 3,102 |
| Operating Expenses ⓘ | 1,566 | 1,263 | 1,159 | 1,519 | 1,792 | 2,569 | 2,919 | 3,052 | 3,463 | 3,493 |
| Manufacturing Costs | 1,184 | 655 | 590 | 522 | 981 | 1,275 | 1,804 | 1,720 | 1,804 | 1,927 |
| Material Costs | 239 | 429 | 471 | 907 | 624 | 937 | 888 | 993 | 1,360 | 1,293 |
| Employee Cost | 30 | 27 | 25 | 24 | 53 | 96 | 120 | 143 | 144 | 130 |
| Other Costs ⓘ | 114 | 151 | 72 | 66 | 134 | 262 | 107 | 197 | 154 | 142 |
| Operating Profit ⓘ | 405 | 331 | 342 | 207 | 323 | 343 | 544 | 386 | 438 | -391 |
| Operating Profit Margin (%) | 20.6% | 20.8% | 22.8% | 12.0% | 15.3% | 11.8% | 15.7% | 11.2% | 11.2% | -12.6% |
| Other Income ⓘ | 9 | 46 | 56 | 75 | 82 | 46 | 41 | 39 | 43 | 31 |
| Interest ⓘ | 270 | 308 | 314 | 241 | 308 | 315 | 316 | 371 | 352 | 365 |
| Depreciation ⓘ | 112 | 111 | 120 | 44 | 43 | 55 | 66 | 91 | 85 | 76 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 1 | -15 | 0 | 0 | 0 | 0 | -141 |
| Profit Before Tax ⓘ | 32 | -43 | -35 | -3 | 38 | 20 | 203 | -36 | 38 | -961 |
| Tax ⓘ | 38 | 35 | 12 | 12 | 24 | -6 | 25 | -6 | -5 | -3 |
| Profit After Tax | -7 | -78 | -48 | -14 | 14 | 26 | 178 | -31 | 43 | -958 |
| PAT Margin (%) | -0.4% | -4.9% | -3.2% | -0.8% | 0.7% | 0.9% | 5.1% | -0.9% | 1.1% | -30.9% |
| Adjusted EPS (₹) | 0.6 | -4.3 | -2.1 | -1.5 | 0.0 | -1.0 | 8.6 | -3.1 | 2.3 | -51.2 |
| Dividend Payout Ratio (%) | 95% | -9% | -10% | -26% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 668 | 637 | 732 | 550 | 511 | 1,010 | 1,173 | 910 | 953 | -5 |
| Share Capital ⓘ | 30 | 30 | 30 | 35 | 35 | 37 | 37 | 37 | 37 | 37 |
| Reserves ⓘ | 638 | 607 | 701 | 514 | 476 | 973 | 1,136 | 873 | 916 | -42 |
| Minority Interest | 391 | 418 | 30 | -18 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 6,380 | 6,655 | 3,870 | 3,674 | 1,937 | 2,103 | 1,981 | 1,876 | 1,842 | 2,738 |
| Long Term Debt | 5,437 | 5,633 | 3,016 | 2,728 | 978 | 1,144 | 1,031 | 714 | 417 | 149 |
| Short Term Debt | 943 | 1,022 | 854 | 946 | 960 | 959 | 950 | 1,162 | 1,426 | 2,589 |
| Trade Payables | 596 | 922 | 399 | 432 | 661 | 804 | 888 | 1,089 | 1,436 | 985 |
| Others Liabilities ⓘ | 2,123 | 4,574 | 1,319 | 1,243 | 1,334 | 1,343 | 2,044 | 1,833 | 1,527 | 1,230 |
| Total Liabilities ⓘ | 10,158 | 13,207 | 6,350 | 5,880 | 4,443 | 5,261 | 6,087 | 5,708 | 5,759 | 4,948 |
Fixed Assets | ||||||||||
| Gross Block | 2,092 | 2,188 | 1,943 | 1,373 | 664 | 742 | 827 | 935 | 948 | 977 |
| Accumulated Depreciation | 381 | 488 | 603 | 245 | 270 | 323 | 389 | 479 | 555 | 628 |
| Net Fixed Assetsⓘ | 1,712 | 1,700 | 1,340 | 1,127 | 394 | 419 | 439 | 456 | 392 | 348 |
| CWIP ⓘ | 4,970 | 7,933 | 1,481 | 1,310 | 30 | 6 | 7 | 17 | 29 | 9 |
| Investmentsⓘ | 358 | 259 | 739 | 859 | 978 | 1,198 | 1,201 | 572 | 565 | 546 |
| Inventories | 436 | 238 | 242 | 155 | 360 | 293 | 357 | 624 | 815 | 634 |
| Trade Receivables | 679 | 851 | 592 | 562 | 755 | 1,134 | 1,460 | 1,279 | 1,519 | 1,168 |
| Cash Equivalents | 394 | 687 | 251 | 224 | 197 | 247 | 333 | 329 | 289 | 33 |
| Others Assetsⓘ | 1,609 | 1,539 | 1,705 | 1,642 | 1,729 | 1,963 | 2,289 | 2,431 | 2,150 | 2,210 |
| Total Assets ⓘ | 10,158 | 13,207 | 6,350 | 5,880 | 4,443 | 5,261 | 6,087 | 5,708 | 5,759 | 4,948 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1,246 | 600 | -24 | 470 | 234 | 213 | 516 | 361 | 228 | -695 |
| PBT ⓘ | 32 | -43 | -35 | -3 | 54 | 20 | 203 | -36 | 45 | -802 |
| Adjustment ⓘ | 434 | 471 | 402 | 177 | 268 | 447 | 371 | 492 | 451 | 326 |
| Changes in Working Capital ⓘ | 812 | 208 | -376 | 313 | -48 | -215 | -32 | -95 | -267 | -220 |
| Tax Paid ⓘ | -32 | -36 | -14 | -18 | -39 | -39 | -26 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -3,069 | -3,034 | -900 | -663 | -34 | -30 | -89 | 311 | 10 | 211 |
| Capex | -3,075 | -3,067 | -483 | -686 | -165 | -56 | -108 | -121 | -27 | -13 |
| Net Investments | 4 | 30 | -217 | 4 | -60 | 41 | -14 | 390 | 5 | 198 |
| Others ⓘ | 2 | 3 | -200 | 19 | 191 | -15 | 33 | 42 | 32 | 27 |
| Cash Flow From Financing Activityⓘ | 1,416 | 2,726 | 488 | 226 | -217 | -164 | -355 | -683 | -273 | 425 |
| Net Proceeds from Shares ⓘ | 108 | 42 | 0 | 106 | 0 | 200 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1,482 | 2,834 | 520 | 480 | -100 | -40 | -85 | -404 | -181 | -87 |
| Interest Paid ⓘ | -222 | 40 | -263 | -186 | -236 | -276 | -310 | -365 | -356 | -206 |
| Dividend Paid ⓘ | -8 | -11 | -7 | -4 | -9 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 57 | -179 | 238 | -171 | 128 | -48 | 40 | 87 | 264 | 719 |
| Net Cash Flow ⓘ | -407 | 292 | -436 | 32 | -17 | 19 | 71 | -10 | -35 | -58 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -1.1 | -11.88 | -6.94 | -2.22 | 2.73 | 3.37 | 16.27 | -2.94 | 4.63 | N/A |
| ROCE (%) | 4.74 | 3.08 | 3.7 | 5.08 | 9.77 | 11.1 | 15.45 | 10.57 | 13.01 | N/A |
| Asset Turnover Ratio | 0.23 | 0.14 | 0.15 | 0.28 | 0.41 | 0.6 | 0.61 | 0.58 | 0.68 | 0.58 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 16.71 | 8.19 | 2.9 | N/A | 5.3 | N/A | Working Capital Days |
| Receivable Days | 118 | 175 | 175 | 122 | 114 | 118 | 137 | 145 | 131 | 158 |
| Inventory Days | 54 | 77 | 58 | 42 | 44 | 41 | 34 | 52 | 67 | 85 |
| Payable Days | 807 | 645 | 512 | 167 | 320 | 285 | 348 | 363 | 339 | 342 |
Gayatri Projects was incorporated as a Private Limited company on September 15, 1989, under the Companies Act, 1956 as Andhra Costal Construction Private Limited in the state of Andhra Pradesh. The name of the company was changed to Gayatri Projects Private Limited with effect from March 31, 1994 and it was converted into a Public limited company with effect from December 2, 1994.
Gayatri Projects Limited (GPL), an ISO 9001 – 2000 company, is one of the fastest growing construction company in India executing major civil works including construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports, etc.
The company owns a fleet of construction equipments comprising of heavy earth moving machines such as hydraulic excavators, loaders, dozers, earth compacters, concreting plants such as batching plants, concrete mixers, transit mixers, concrete pavers, road equipment such as vibratory tandem rollers, electric paver finishers, mechanical paver finishers, hot mix plants, static rollers, truck mounted pressure bitumen sprayer, integrated stone crushing plants, quarry equipments like wagon drills, jack hammers, air compressors, transportation equipments such as cars and jeeps, tippers, tractors, water tankers, trailers, fabrication and erection plant such as welding generators, gas cuttings sets, work shop equipments, cranes, generators and other miscellaneous equipments.
GPL is sincerely committed to customer satisfaction in providing consistent quality products and services in construction projects with latest engineering practices under safe ad healthy work environment with continual improvement of Quality Management System involving all employees.
GPL has established a pre-eminent position in the construction industry in India with a current order book of Rs. 2000 cr. The company has completed several projects of national importance like National Thermal Power Corporation, National Aluminium Company, South Eastern Railways, etc. Today, it is associated with clients such as Jindal Vijaynagar Steel, International Airports Authority (Calicut Airport), Kakinada Port Project, Upper Krishna Project in Karnataka, Sardar Sarovar Project in Gujarat and various irrigation projects in Maharashtra Govt. and Orissa Irrigation Department.
GPL is managed by the professional team of the board of directors ably supported by the highly qualified and experienced team of employees. Projects undertaken by the company:
The company has executed various types of civil works like Irrigation projects, national highways, mass excavation, ports, airport construction, etc. amounting to Rs.1410.13 crores during the last five years. Some of them are-
The company currently has lots of ongoing projects some of them are- 4-laning from Km.93.00 to Km.60.00 of Bijni to WB Border, Rehabilitation and Upgrading of km.104.000 to Km.170.000 Jhansi, Civil Engineering works for Coal Handling Plant at Visakhapatnam, Neelachal Ispat Nigam Limited - Civil Works of Auxiliary units for Phase-II, Construction of Park Hyatt Hotel at Hyderabad, etc.
The company had entered into various joint ventures to carry on its activities, these include-
All of them are unincorporated joint ventures in the nature of partnership.
Awards/Achievements
The company has been awarded ISO 9001:2000 and Q9001-2000 Quality Certificate by American Quality Assurance International, LLC, USA.
2010-11 - Awarded the ISO 9001:2008 Quality Certificates by Amercian Quality Assurance International, LLC, USA.
2012 - Gayatri Projocts Ltd. Launch of New Logo and Brand Guide Lines.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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