Gayatri Projects Ltd
Gayatri Projects Ltd (GAYAPROJ)

Gayatri Projects Ltd (GAYAPROJ)

₹15.754.65%

Key Stats

₹15.2
Day's Price Range
₹17.3
₹12.5
52-Week Price Range
₹60.7
1 Month Return0.33 %
3 Month Return-14.98 %
1 Year Return-63.87 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 182
-0.3
EPS
Rank 185
₹-51.19
BVPS
Rank 90
₹46.05
Dividend Yield
Rank 44
ROE
Rank 75
5.82%
Price To Book Ratio
0.32
Debt To Asset
Rank 59
0.83

Company Information

Gayatri Projects Ltd is one of the fastest growing infrastructure companies in India executing major civil works including construction of roads irrigation rail concrete or masonry dams earthen dams national highways bridges canals aqueducts airports development power mining and industrial works. The companys clients include National Highway Authority of India NHAI Irrigation Department Andhra Pradesh Airport Authority of India Maharashtra State Road Development Corporation Ltd Madhya Pradesh Road Development Corporation Ltd Karnataka Jalabhagya Nigam Ltd and Maharashtra Industrial Development Corporation Thane.Gayatri Projects Ltd was incorporated on September 15 1989 as a private limited company with the name Andhra Coastal Construction Pvt Ltd in the state of Andhra Pradesh. The company was established with the object of undertaking construction activities. In April 1 1994 the company took over all the assets of Gayatri Engineering Company a partnership firm established in the year 1975 as Special Class Contractors on a going concern basis. The name of the company was changed to Gayatri Projects Pvt Ltd with effect from March 31 1994. In December 2 1994 the company was converted into a public limited company and the name was changed to Gayatri Projects Ltd. The Company has three subsidiary companies including step down subsidiaries as on 31st March 2019.During the year 199495 Videocon Appliances Limited and Videocon International Limited made investments into shares of the company. During the year 199697 they completed the construction of S Bund and Platforms in difficult work conditions at Kakinada Port Project funded by ADB. They completed the filling of 50.00 lakh cu m in a record time of 8 months at Reliance Petroleum Ltd Project Jamnagar. During the year 199798 the company formed a Joint Venture with IJM Corporation Berhad Malaysia and secured Major Contracts of National Highways in Andhra Pradesh. During the year 200102 the company completed the work of extension and strengthening of Runway at Calicut Airport consisting of filling of 135 Mts Height deep gorge with 65.00 lakh cu m of earth. They completed construction of Asias Biggest Canal having a width of 120 Mts at Narmada Main Canal Gujarat.During the year 200203 they completed Construction of 270 MLD Water Treatment Plant at T.K.Halli Bangalore. During the year 200506 the company awarded the ISO 9001:2000 and Q90012000 Quality Certificates by Amercian Quality Assurance International LLC USA.During the year 200607 the company was awarded 2 contracts on BOT annuity basis by NHAI in Uttar Pradesh in JV. They bagged new orders valued around Rs 85500 lakh and executed projects worth Rs 50212 lakh. They floated two special purpose vehicles SPVs in the name and style of Gayatri Jhansi Roadways Ltd and Gayatri Lalitpur Roadways Ltd for the purpose of Design Construction Development Finance Operation and Maintenance of Road between Jhansi to Lalitpur in the State of UP with a stake of 83 by the company and balance by IDFC and others. The company shares were listed on the Mumbai Stock Exchange with effect from October 17 2006. During the year 200708 the company bagged new orders valued around Rs 175010 lakh. They received contracts for design construction development finance operation and maintenance of ORR from Bongulur to Tukkuguda AP4 in the State of Andhra Pradesh at an estimated Project cost of Rs 36200 lakh. Also they received order for improvement of NaranpurPandapada Harichandanpur Brahmanipal Duburi Road in the state of Orissa awarded to GayatriRNS joint vnture at an estimated project cost of Rs 31189 lakh.During the year 200809 the company bagged new orders valued around Rs 439491 lakh. During the year 200910 the company and their joint ventures together bagged new orders valued around Rs 28950 million. The GayatriJMC JV received contracts for widening and strengthening of Chittoor Puttur Road from Km 3/200 to Km 64/00. The work order value is Rs 113.08 crore. DLFGayatri Consortium received contracts for six laning of Indore Dewas Section of NH3 from Km 577.550 to Km 610.000 and Km 0.000 to Km 12.600 Approx. Length 45.05 Km in the State of Madhya Pradesh Under NHDP PhaseV to be executed as BOT Toll Project. Also they received contracts for design construction finance operation and maintenance of fourlaning of Hyderabad Karimnagar Ramagundam Road SH1 from Km.28.200 to 235.058 in the State of Andhra Pradesh under Public Private Partnership PPP on Build Operate and Transfer BOT Basis.During the year 201011 they received the ISO 9001:2008 Quality Certificates by Amercian Quality Assurance International LLC USA. In October 2010 the company secured a new order under BOT toll of Rs 43.45 crore for engineering design site preparation security structural fabrication supervision of handling and installation packing delivery at site erection as per technical specification including associated civil road works and other facilities required for the construction of iron ore crushing plant for Kumaraswamy Iron ore crushing project at Donimalal Bellary.In January 2011 the company bagged new order under civil steel structural works for additional coal storage handling system required for second phase expansion 2x120MWUnits 910 of the captive power plant of NALCO at Angul Orissa. The cost of the project is Rs 21.77 crore. Also they bagged new order under civil engineering works for the coal handling plant of M/s NTPC BRBCL for 4x250MW power plant at Nabinagar Bihar. The Project cost is Rs 68.09 crore. In February 2011 the company secured a new order from Government of Mizoram Aizawl for Execution of Construction of two laning/ realignment from Km 11.500 to 130 of NH44A in the state of Mizoram under phase A of SARDPNE for approximately Rs 544.75 crore.During FY 2015 the paid up Equity Share Capital of the Company increased from Rs. 30.22 crore to Rs. 33.83 crore pursuant to allotment of 3604000 equity shares of the company to Foreign Institutional Investors deemed FPI by way of Preferential Issue.During the year 2016 the companys wholly owned subsidiary M/s. Gayatri Energy Ventures Pvt. Ltd GEVPL along with its JV partner Sembcorp Industries launched 2640 MW Sembcorp Gayatri Power Complex at Krishnapatnam in February 27th 2016. Built at a total project cost of USD 3 billion Rs. 20000 crore the power complex is the largest foreign direct investmentdriven project on a single site in the thermal energy sector in India to date. The complex houses two 1320megawatt supercritical coalfired power plants Thermal Powertech Corporation India TPCIL first power plant successfully completed and commenced full commercial operation in September 2015 while Sembcorp Gayatri Power Limited Formerly NCCPPL second plant is expected to be fully operational in 2016.The face value of the equity share of the company was subdivided from Rs. 10/ per share to Rs. 2/ per share w.e.f 10 February 2017 Record date 13 February 2017.In FY 2017 the Company acquired 100 shareholding of M/s. Gayatri Infra Ventures Limited in accordance with the Composite Scheme of Arrangement Pursuant to the aforesaid acquisition M/s. Gayatri Infra Ventures Limited has become wholly owned subsidiary of the company.With regard Composite Scheme of Arrangement between M/s. Gayatri Projects Limited M/s. Gayatri Infra Ventures Limited M/s. Gayatri Domicile Private Limited and their respective Shareholders the Company filed with BSE Limited and National Stock Exchange of India Limited the Composite Scheme of Arrangement between Gayatri Projects Limited Gayatri Infra Ventures Limited and Gayatri Domicile Private Limited and their respective shareholders as approved by the Board of Directors on 16 July 2016 along with other documents on 05th August 2016 pursuant to Regulation 37 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The Company received Observation Letter or Noobjection Letter from the stock exchanges. Further the Company filed the Composite Scheme of Arrangement with Honble High Court of Judicature at Hyderabad and the same has been admitted. Pursuant to the order of the Honble High Court of Andhra Pradesh and Telangana the meetings of Equity Shareholders Secured and Unsecured Creditors of the Company convened and held on Monday 23rd January 2017 at the FTAPCCI Auditorium Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry Federation House 1 1 6841 Red Hills Hyderabad 500004 for the purpose of considering the scheme and the same has been approved by them with requisite majority. The Ministry of Corporate Affairs has notified Section 230 except subsections 11 and 12 sections 23 1232 and 239 of the Companies Act 2013 on 15 December 2016 pursuant to the aforesaid notification The National Company Law Tribunal NCLT has acquired jurisdiction over the matters dealt with amalgamation compromise and arrangement. The National Company Law Tribunal NCLT Hyderabad Bench vide its order dated 3rd November 2017 has sanctioned the Composite scheme of arrangement under Section 232 read with Section 230 of the Companies Act 2013 between Gayatri Projects Limited Transferee Company / GPL Gayatri Infra Ventures Limited Transferor Company / GIVL and Gayatri Domicile Private Limited Resulting Company / GDPL. The Scheme is effective from 23rd November 2017 i.e. the date of filing of the certified copy of the order of the NCLT with the Registrar of Companies Telangana State. During the period 2018 the Company issued and allotted 9946785 equity shares at a price of Rs 201.07 including a premium of Rs 199.07 by way of Qualified Institutional Placement QIP in accordance with the SEBI ICDR Regulations 2009.During the year 2018 Gayatri demerged its BOT road portfolio into a new entity Gayatri Highways which is now separately listed on Indias stock exchanges. The new enterprise contains the Companys four annuity and three toll highway BOT projects.During the year 2018 the Company executed Package 6 of the Eastern Peripheral Expressway smoothly with the help of Digital Project Management System DPMS a web or mobile applications for live project reporting and an IoT plant to track all material being used in particular projects. It bagged part of the project Package 6 and demonstrated superior execution prowess with the help of DPMS to complete it ahead of schedule. The project was successfully completed within 708 days when the allotted construction period was of 910 days. The Company received an appreciation letter from the NHAI acknowledging the same.
OrganisationGayatri Projects Ltd
HeadquartersHyderabad
IndustryConstruction