Key Metrics of Gayatri Projects Limited
About Gayatri Projects Limited
Company details
- Registered office
- Tsr Towers, B-1, 6-3-1090, Rajbhavan Road, Somajiguda, Hyderabad, In-ts, 500082
- Listed
- NSE: GAYAPROJ · ₹18.96
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 02 Sep 2026 | CARE | Other | D | — | — | ₹6,044 Cr | View |
| 17 Jul 2025 | CARE | Non-cooperating | D | — | — | ₹6,044 Cr | View |
| 26 Jun 2024 | CARE | Non-cooperating | D | — | — | ₹6,044 Cr | View |
| 03 Apr 2023 | CARE | Non-cooperating | D | — | — | ₹6,044 Cr | View |
| 06 Apr 2022 | CARE | Reaffirmed | D | — | — | ₹12,089 Cr | View |
| 01 Mar 2021 | CARE | Revised (from B) | D | A4 | Stable | ₹13,090 Cr | View |
| 19 Jan 2021 | CARE | Assigned (from D) | B | A4 | Stable | ₹13,090 Cr | View |
| 15 Nov 2019 | CARE | Revised (from BB+) | D | A4+ | Stable | ₹13,249 Cr | View |
| 04 Jun 2019 | CARE | Revised (from BB-) | BB+ | A4+ | Stable | ₹6,624 Cr | View |
| 21 Jun 2018 | CARE | Revised (from D) | BB- | A4 | Stable | ₹13,249 Cr | View |
| 12 Mar 2018 | CARE | Revised (from BB) | D | A4 | Negative | ₹13,464 Cr | View |
Credit strengths (CARE, Mar 2021)
+ Stable (21-Jun-18) Loan 3)CARE (04-Jun-19) BBB-; Stable (11-Apr-17) 1)CARE B; Fund-based
LT-Term CARE D Stable 8. LT 60.25 - - - Loan (19-Jan-21) 1)CARE B; Non-fund-based - LT- CARE D Stable 9.
Credit challenges
− Key Rating Strengths
Significant experience and track record of promoters in execution of construction contracts: Gayatri Projects Ltd (GPL) is a civil construction company with over four decades of experience in executing various infrastructure projects. GPL, an ISO 9001 – 2000 company, is engaged in execution of major civil works including Concrete/Masonry Dams, Ear th Filling Dams, National Highways, Bridges, Canals, Aqueducts, Ports, etc. The clientele of the company includes various state government departments
− GPL has successfully completed Construction / Maintenance/ Widening of more than 1,900 Km of highways, 1 ,250 Km of
Irrigation projects along with several other projects of dams & reservoir and industrial buildings etc. Healthy and geographically diversified order book position with long term revenue visibility: GPL has a healthy and diversified order book of Rs.12,040 crore as on September 30, 2020 (as against Rs.16,625.65 crore as on December 31, 2018), which translates to 4.39x of gross billing of FY20 providing long term revenue visibility. The current work orders of the company a re
Could lead to an upgrade
• Timely servicing of interest and principal repayment obligation coupled with a delay free track record for a continuous period of more than 90 days.
Agency-reported financials (CARE, 02 Sep 2026)
| Metric | March 31, 2023 | March 31, 2024 | March 31, 2025 | March 31, 2026 | Q1FY27 |
|---|---|---|---|---|---|
| Total operating income | ₹1,017 Cr | ₹680 Cr | ₹450 Cr | ₹847 Cr | ₹229 Cr |
| PBILDT* | ₹-,657.58 Cr | ₹46.53 Cr | ₹0.84 Cr | ₹10.49 Cr | ₹40.19 Cr |
| Profit after tax (PAT) | ₹-1,426.10 Cr | ₹-53.02 Cr | ₹-68.80 Cr | ₹2,047 Cr | ₹33.35 Cr |
| Overall gearing (x) NM NM NM | 0.93× | — | — | — | — |
| Interest coverage (x) NM | 2.09× | 0.04× | 0.59× | 18.43× | — |
| Revenue growth (YoY) | — | −33.2% | −33.8% | 88.2% | — |
| PAT margin | −140.2% | −7.8% | −15.3% | 241.7% | 14.6% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| continues to remain Long Term Short Term ISSUER NOT under ISSUER NOT | Working capital & bank lines | — | ₹4,447 Cr | — | D | Other | CARE |
| Bank Facilities continues to remain ISSUER NOT Long Term Bank Facilities under ISSUER NOT | Working capital & bank lines | — | ₹1,597 Cr | — | D | Other | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Guarantee | ₹219 Cr | CARE D; ISSUER NOT COOPERATING* |
| BG/LC | ₹4,447 Cr | CARE D / CARE D; ISSUER NOT COOPERATING* |
| Cash Credit | ₹1,024 Cr | CARE D; ISSUER NOT COOPERATING* |
| External Commercial Borrowings | ₹2.34 Cr | CARE D; ISSUER NOT COOPERATING* |
| Funded Interest term Loan | ₹7.29 Cr | CARE D; ISSUER NOT COOPERATING* |
| Term Loan | ₹280 Cr | CARE D; ISSUER NOT COOPERATING* |
| Working capital Term Loan | ₹65.0 Cr | CARE D; ISSUER NOT COOPERATING* |
Lenders
| Fund-based - LT | Cash Credit | Bank of Baroda |
| Fund-based - LT | Cash Credit | Bank of Maharashtra |
| Fund-based - LT | Cash Credit | Canara Bank |
| Fund-based - LT | Cash Credit | IDBI Bank Ltd. |
| Fund-based - LT | Cash Credit | Indian Overseas Bank |
| Fund-based - LT | Cash Credit | Punjab National Bank |
| Fund-based - LT | Cash Credit | State Bank of India |
| Fund-based - LT | Cash Credit | The Federal Bank Ltd. |
| Fund-based - LT | Cash Credit | Union Bank of India |
| Fund-based - LT | External Commercial Borrowings | IDBI Bank Ltd. |
| Fund-based - LT | Funded Interest term Loan | Bank of Maharashtra |
| Fund-based - LT | Funded Interest term Loan | IDBI Bank Ltd. |
| Fund-based - LT | Funded Interest term Loan | Indian Overseas Bank |
| Fund-based - LT | Funded Interest term Loan | Punjab National Bank |
| Fund-based - LT | Funded Interest term Loan | Union Bank of India |
| Fund-based - LT | Term Loan | Bank of Baroda |
| Fund-based - LT | Term Loan | Bank of Maharashtra |
| Fund-based - LT | Term Loan | IDBI Bank Ltd. |
| Fund-based - LT | Term Loan | Indian Overseas Bank |
| Fund-based - LT | Term Loan | Punjab National Bank |
| Fund-based - LT | Term Loan | State Bank of India |
| Fund-based - LT | Term Loan | Union Bank of India |
| Fund-based - LT | Working capital Term Loan | Bank of Baroda |
| Fund-based - LT | Working capital Term Loan | IDBI Bank Ltd. |
| Fund-based - LT | Working capital Term Loan | Indian Overseas Bank |
| Fund-based - LT | Working capital Term Loan | Union Bank of India |
| Non-fund-based - LT | Bank Guarantee | Canara Bank |
| Non-fund-based - LT | Bank Guarantee | IDBI Bank Ltd. |
| Non-fund-based - LT/ ST | BG/LC | Bank of Baroda |
| Non-fund-based - LT/ ST | BG/LC | Canara Bank |
| Non-fund-based - LT/ ST | BG/LC | IDBI Bank Ltd. |
| Non-fund-based - LT/ ST | BG/LC | Indian Overseas Bank |
| Non-fund-based - LT/ ST | BG/LC | Punjab National Bank |
| Non-fund-based - LT/ ST | BG/LC | State Bank of India |
| Non-fund-based - LT/ ST | BG/LC | The Federal Bank Ltd. |
| Non-fund-based - LT/ ST | BG/LC | Union Bank of India |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | In default (CARE D) |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 61% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 45% chance the next rating action is stable or better
- Current rating D (below investment grade)
- Interest coverage 18.43×
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.