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Garuda Construction & Engineering (GARUDA) Fair Value & Analysis

Industrials · IN · Market cap ₹16.7B

GC Garuda Construction & Engineering GARUDA · NSE
Price₹183.04
Fair Value₹230.19
Upside+25.8%
Quality70/100
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Healthy Growth
Highly profitable · 23.1% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 88/100
Evidence: High Range ₹136.76 – ₹515.83 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price +1.9% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The model range is unusually wide (₹136.76 to ₹515.83). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (22 months)

₹242.37 ₹77.64 Fair Value ₹230.19 Oct 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

22‑month range ₹77.64 – ₹242.37 · fair‑value band ₹136.76 – ₹515.83 · the ₹183.04 price screens below the ₹230.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Garuda Construction & Engineering (GARUDA) currently trades at ₹183.04, while our model-based Fair Value estimate is ₹230.19, implying the stock looks roughly 25.8% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Garuda Construction & Engineering generated revenue of ₹5.3B at a net margin of 23.1%. Revenue grew 82.7% year over year. It earns a return on equity of 31.1%. The balance sheet holds a net cash position of ₹108M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹136.76 (bear case) to ₹515.83 (bull case); at ₹183.04, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 51% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 26%, GARUDA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹135.64 ₹266.81 ₹481.75 80
Residual Income ₹101.48 ₹156.57 ₹1,672 76
Rev-Margin DCF ₹109.20 ₹189.30 ₹357.26 74
All 24 models by family
DCF Models
FCF DCF ₹144.06 ₹225.27 ₹483.88 38
Owner Earnings ₹208.44 ₹471.20 ₹1,023 31
5Y Revenue Exit ₹99.38 ₹165.73 ₹304.23 39
5Y EBITDA Exit ₹170.94 ₹310.45 ₹584.41 41
5Y P/E Exit ₹197.70 ₹457.60 ₹815.02 38
10Y Revenue Exit ₹110.85 ₹230.00 ₹302.49 36
10Y EBITDA Exit ₹166.34 ₹384.11 ₹769.15 37
10Y P/E Exit ₹185.86 ₹441.74 ₹869.88 35
Earnings-Based
Graham-Dodd ₹89.46 ₹623.87 ₹875.51 54
Lynch FV ₹322.31 ₹460.45 ₹598.58 50
PEG = 1.0 ₹322.31 ₹460.45 ₹598.58 46
EPV ₹127.25 ₹148.04 ₹166.24 59
Multiples
P/E Multiple ₹207.20 ₹276.27 ₹345.34 63
P/S Multiple ₹85.56 ₹114.08 ₹142.60 58
P/B Multiple ₹164.78 ₹219.71 ₹274.63 55
EV/EBIT ₹226.56 ₹301.27 ₹375.97 53
EV/EBITDA ₹174.23 ₹231.48 ₹288.74 54
EV/Revenue ₹74.33 ₹105.13 ₹135.93 43
Asset-Based
NCAV (Graham) ₹24.41 ₹32.71 ₹48.82 50
Growth DCF
Growth DCF ₹135.64 ₹266.81 ₹481.75 80
Rev-Margin DCF ₹109.20 ₹189.30 ₹357.26 74
Economic Profit
Residual Income ₹101.48 ₹156.57 ₹1,672 76
ROIC Compounder ₹172.07 ₹274.44 ₹377.60 72
Growth Earnings
Growth-Adj P/E ₹421.59 ₹602.26 ₹782.94 68

Widest divergence: Growth Earnings (₹602.26) versus Asset-Based (₹32.71). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹5.3B
Revenue growth (YoY) +82.7%
Net margin 23.1%
Return on equity 31.1%
Free cash flow ₹783M FY2026
P/E ratio 13.9
More key figures
Operating margin 32.1%
EPS (TTM) ₹13.17
EPS growth (YoY) +90.8%
Net cash ₹108M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 30

Profitability 79
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 65
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Garuda Construction and Engineering Limited offers civil construction services in India. It constructs residential, residential cum commercial, hospitality, infrastructure, and commercial and industrial projects. The company also constructs concrete building structures and composite steel structures.

Full company description

Garuda Construction and Engineering Limited offers civil construction services in India. It constructs residential, residential cum commercial, hospitality, infrastructure, and commercial and industrial projects. The company also constructs concrete building structures and composite steel structures. In addition, it provides operations and maintenance services; and mechanical, electrical, and plumbing services, as well as finishing works. The company was incorporated in 2010 and is headquartered in Mumbai, India. Garuda Construction and Engineering Limited is a subsidiary of PKH Ventures Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Garuda Construction & Engineering reported revenue of ₹5.3B in FY2026 versus ₹770M in FY2022, a compound +62.0%/yr. Reported net income was ₹1.2B in FY2026, compounding +59.8%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹5.3B
Latest YoY
+135.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+48.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+49.1%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.4%
Revenue +62.0%/yr
FY22 ₹770M
FY23 ₹1.6B
FY24 ₹1.5B
FY25 ₹2.3B
FY26 ₹5.3B
Net income +59.8%/yr
FY22 ₹188M
FY23 ₹408M
FY24 ₹364M
FY25 ₹498M
FY26 ₹1.2B

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Cite: Fair Value Calculator (2026). "Garuda Construction & Engineering Fair Value". https://www.fairvalue-calculator.com/stock/GARUDA

Peer Group

Engineering & Construction · 837 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 70 · Top 25%
Fair Value upside +26% · Above median
Return on equity (TTM) 31% · Top 25%
Return on assets 19% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 83% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 13.9× · Cheaper than median
P/B 3.68× · Pricier than 75% of peers
P/S (TTM) 3.15× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 10.1× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 68 · sector 14
FUTURE 100 · sector 15
PAST 100 · sector 26
HEALTH 100 · sector 94
DIVIDEND 0 · sector 43

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Garuda Construction & Engineering (GARUDA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹230.19 versus a price of ₹183.04, about +26% (undervalued).
What is the fair value of GARUDA?
Our model-based fair value for Garuda Construction & Engineering is ₹230.19 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹183.04.
What is the quality score of GARUDA?
Garuda Construction & Engineering has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Garuda Construction & Engineering (GARUDA)?
Garuda Construction & Engineering reported trailing-twelve-month revenue of about ₹5.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GARUDA?
The net profit margin of Garuda Construction & Engineering is about 23.1%, meaning it keeps roughly 23.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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