Annual report
Reg. 34 (1) Annual Report. 5 Sep
Source: Bse
Gayatri Projects Limited (GAYAPROJ)
Small CapInfra stocks · Small cap · NSE
Gayatri Projects Limited operates in Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 04:46 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
43NeutralSMA20 -6.0% / mo · MACD − · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 46
Sector RS: 38
Sector 3M: -7.9% vs Nifty 500 -5.6%
Infra FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GAYAPROJD candles · FIT view+1.3%Latest close ₹20.13 on 2026-10-21
Bar
-6.2%
RSI
41
MACD hist
-0.14
52W pos
56%
2026-10-21O ₹21.45H ₹21.45L ₹20.02C ₹20.13Vol 5.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GAYAPROJNifty InfraNifty 500
- GAYAPROJ
- -5.2%
- Nifty 500
- -6.5%
- Nifty Infra
- -8.6%
- Vs Nifty 500
- +1.3 pp
Chart stats
21 Oct 2026- From 52W high
- -26.3%
- 52W range position
- 63%
- ATR (14)
- 6.7%
- Volume vs 20D
- 0.74x
- Avg traded value
- ₹1.5 Cr
- 20D price channel
- ₹19 - ₹24.9
₹27.3
₹7.7 - ₹27.3
₹1.3
Latest completed session
20-session average
51.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +197.4% · PAT NDF YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model+94.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence62
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +197% YoY · margin expansion · +20% QoQ
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹229 Cr | +197.4% | +19.9% |
| EBITDA | ₹40 Cr | +344.4% | +122.2% |
| Operating margin | 18.0% | +600 bps | +900 bps |
| PAT | ₹37 Cr | NDF | NDF |
| PAT margin | 16.2% | +1746 bps | +7428 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.98
- P/B
- 0.66
- EV/EBITDA
- 23.76
- Market Cap
- 996.00Cr
Profitability
- ROE
- —
- ROCE
- 4.85%
- ROA
- 5.86%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -26.00%
- EPS 5Y
- -15.00%
- Revenue 3Y
- -6.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.51
- Interest Coverage
- 2.14×
- Altman Z
- 1.39
- Book Value
- 32.40
Cash Flow
- FCF Yield
- 56.02%
- FCF Positive Y
- 8/5
- OCF
- 490.00 Cr
- EPS TTM
- 109.92
Shareholding
- Promoter Hold
- 23.56%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 64%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 229+19.9% vs prev
Net Profit
₹ CrLatest: 37.0+133.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 41.
- SMA20 falling (~6.4% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 26% off 52W high · 83% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
65
RS percentile
Stage 1 Base / Transition
1M return
-18.1%
3M return
-5.2%
6M return
+1.3%
1Y return
-
RS 1D
-2
RS 20D
-25
Sector rank
#17
Industry rank
#68
Stage evidence
- Price is within 0.1% of the 30-week proxy.
- The 30-week proxy changed +7.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
lagging
Industry
lagging
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
159 observations
21 Oct 2026Value 190.73-3.57%
RS vs Nifty 500191
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation30/30
Growth3/25
Quality0/20
Balance Sheet3/15
Cash Flow10/10
Piotroski
4/9 (+1)
Penalties
0
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 56.0%.
- Fair-value margin of safety is positive at 94.0%.
- Valuation contributes 30/30 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 3/25; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
8.0
PB
0.7
EV/EBITDA
23.8
ROE
—
ROCE
4.8%
FCF Yield
56.0%
Debt/Equity
0.5
MoS
+94.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+94.0%
Previous: +93.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
47
47
47
47
47
47
47
47
47
47
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹283.08
+92.9% MoS
Growth-justified P/E
3.0
Growth-justified Value
₹327.56
+94.0% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ABINFRA
Small
A B Infrabuild Limited
Construction & Engineering
match 99
38
40.4
13.8%
-98%
WATCHLIST
GPTINFRA
Small
GPT Infraprojects Limited
Construction & Engineering
match 96
59
15.4
17.3%
+33%
FAIR VALUE
IL&FSENGG
Small
IL&FS Engineering and Construction Company Limited
Construction & Engineering
match 95
20
39.4
—
-110%
OVERVALUED
GLOBECIVIL
Small
Globe Civil Projects Limited
Construction & Engineering
match 93
62
9.7
13.7%
+59%
UNDERVALUED
HECPROJECT
Small
HEC Infra Projects Limited
Construction & Engineering
match 91
69
9.5
21.2%
+59%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Gayatri Projects Limited operates in Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
62Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 35th percentile of the scored universe and 43rd percentile within Infra. Main check: results consistency is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
56 docs text-extracted · 20 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
35th percentile
overall median 67 · Infra: 43rd pctile, median 64 · Small: 40th pctile, median 66
Evidence depth
Financial-only
56 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
70
acceptable · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
47
watch · leverage and solvency
Discipline
48
watch · capital discipline
Results
43
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 19.6%.
- ▸FCF yield is 55.3%.
- ▸8 years of positive FCF.
Trust risks
- ▸Altman Z is 1.40.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 23.6%.
- ▸ROCE is low at 7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Gayatri Projects Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 Aug - Crisil reports full utilization of preferential issue proceeds for quarter ended June 30, 2026.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
AnnouncementSep 2025
Sep 2025 · Additional Details Required For Corporate Announcement Filed U/R 30 1 Jul - Gayatri Projects submits delayed resignation letters of two directors from 13 September 2025 and seeks condonation.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.