Garuda Construction & Engineering (GARUDA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Garuda Construction & Engineering ₹230, price ₹172, upside +33.7%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
24‑month range ₹77.64 – ₹242.37 · fair‑value band ₹89.46 – ₹287.45 · the ₹172.18 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 Sep 27, 2026.
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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.
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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.
Stock analysis
Garuda Construction & Engineering (GARUDA) currently trades at ₹172.18, while our model-based Fair Value estimate is ₹230.19, implying the stock looks roughly 25.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹602.26 per share, and 14 of the 24 models we run sit above the ₹172.18 price.
Bear case: the Asset-Based group reads lowest at ₹32.71, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹89.46 (bear) to ₹287.45 (bull), the price of ₹172.18 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap ₹16.0B (≈ $167M) · P/E ratio 11.8 · P/S ratio 2.71 · EPS (TTM) ₹14.64 · Net margin 23.1% · Return on equity 31.1% · Return on assets (EBIT) 23.9% · Operating margin 32.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 30% 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 34%, GARUDA screens cheaper than that median.
Fair Value models
Bear ₹89.46Fair Value ₹230.19Bull ₹287.45
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹7.38 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+135.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+48.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+49.1%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.4%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+46.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+46.7%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 31%
2026 sits 200% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +17.4% a year for the price.
Compare Garuda Construction & Engineering with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Engineering & Construction · 802 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+31.8% · Above median
Profitability
Return on equity (TTM)31.1% · Top 25%
Return on assets19.4% · Top 25%
Net margin (TTM)23.4% · Top 25%
Operating margin (TTM)32.0% · Top 25%
Growth and dividend
Revenue growth40.1% · Top 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Garuda Construction & Engineering Fair Value". https://www.fairvalue-calculator.com/stock/GARUDA
Frequently asked questions
Is Garuda Construction & Engineering (GARUDA) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹230.19 versus a price of ₹172.18, about +34% upside (undervalued).
What is the fair value of GARUDA?
Our model-based fair value for Garuda Construction & Engineering is ₹230.19 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹172.18.
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 price target for Garuda Construction & Engineering (GARUDA)?
Our model-based price target is the fair value of ₹230.19 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹89.46, optimistic scenario ₹287.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Garuda Construction & Engineering stock forecast for 2026?
Our models put fair value at ₹230.19, about +34% upside versus a price of ₹172.18 (undervalued). Cautious scenario ₹89.46, optimistic scenario ₹287.45. The calculation is refreshed regularly with new filings.
What is the revenue of Garuda Construction & Engineering (GARUDA)?
Garuda Construction & Engineering reported trailing-twelve-month revenue of about ₹5.8B (latest available figure, as of Sep 27, 2026).
What growth is priced into Garuda Construction & Engineering (GARUDA)?
For today's price to be fair in a discounted-cash-flow model, Garuda Construction & Engineering would have to grow free cash flow by +22.3 % per year for five years (discount rate 15.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +49.1 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of GARUDA use?
Our models discount Garuda Construction & Engineering at 15.4 %: a base by market capitalisation (micro), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Garuda Construction & Engineering that is +22.3 % per year a year over ten years, using the same discount rate (15.4 %) and the same formula as our fair value.
How much growth has Garuda Construction & Engineering (GARUDA) delivered so far?
Over the past 5 years revenue at Garuda Construction & Engineering grew +49.1 % a year. The price currently implies +22.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Garuda Construction & Engineering (GARUDA) growing?
The median revenue growth in the sector is +5.6 % a year. That is the yardstick for the growth priced into Garuda Construction & Engineering (+22.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Garuda Construction & Engineering (GARUDA)?
The free-cash-flow yield on the price is 4.89 %: that much free cash flow Garuda Construction & Engineering produces per unit of market value. When it exceeds the discount rate of our models (15.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Garuda Construction & Engineering (GARUDA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Garuda Construction & Engineering it is ₹230.19 per share (as of Sep 27, 2026), against a price of ₹172.18. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Garuda Construction & Engineering stock overvalued or undervalued in 2026?
As of Sep 27, 2026, GARUDA trades below its calculated fair value: price ₹172.18, fair value ₹230.19, a gap of about +34% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GARUDA?
No. The price is what the market pays today (₹172.18); the fair value is what the company's own numbers justify (₹230.19). For Garuda Construction & Engineering the two are ₹58.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Garuda Construction & Engineering worth?
The market values Garuda Construction & Engineering at about ₹16.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹172.18; our models calculate a fair value of ₹230.19 per share.
What do the bullish and bearish scenarios say about GARUDA?
Our models span a range for Garuda Construction & Engineering: cautious scenario ₹89.46, base ₹230.19, optimistic ₹287.45 per share (as of Sep 27, 2026, price ₹172.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GARUDA?
Garuda Construction & Engineering trades at a price-to-earnings ratio of 11.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹230.19 is built from several models across several years. Other multiples: P/B 3.6, P/S 2.8, EV/EBITDA 8.7.
How solid is the balance sheet of Garuda Construction & Engineering (GARUDA)?
Balance-sheet figures for Garuda Construction & Engineering (as of Sep 27, 2026): return on equity 31.1%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is GARUDA from its 52-week high?
Garuda Construction & Engineering trades at ₹172.18, about 29% below its 52-week high of ₹242.37 and 30% above the low of ₹132.77 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹230.19 is for.
Which stocks are comparable to Garuda Construction & Engineering?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Garuda Construction & Engineering stock attractive at the current price?
The data as of Sep 27, 2026: price ₹172.18, calculated fair value ₹230.19 (+34%), Quality Score 70/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GARUDA calculated?
We run Garuda Construction & Engineering through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹230.19, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Garuda Construction & Engineering currently trades 25 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Garuda Construction & Engineering (GARUDA)?
The closing price on Oct 1, 2026 was ₹172.18. Our model-based fair value is ₹230.19, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Garuda Construction & Engineering right 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 (₹89.46 to ₹287.45). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Garuda Construction & Engineering
How large is the market capitalisation of Garuda Construction & Engineering (GARUDA)?
The market capitalisation of Garuda Construction & Engineering is ₹16.0B (≈ $167M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Garuda Construction & Engineering (GARUDA)?
The price-to-sales ratio of Garuda Construction & Engineering is 2.71 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Garuda Construction & Engineering (GARUDA)?
Earnings per share at Garuda Construction & Engineering are ₹14.64 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Garuda Construction & Engineering (GARUDA)?
The net margin of Garuda Construction & Engineering is 23.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Garuda Construction & Engineering (GARUDA)?
The return on equity (ROE) of Garuda Construction & Engineering is 31.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Garuda Construction & Engineering (GARUDA)?
On an EBIT basis the return on assets of Garuda Construction & Engineering is 23.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Garuda Construction & Engineering (GARUDA)?
The operating margin of Garuda Construction & Engineering is 32.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Garuda Construction & Engineering (GARUDA)?
Revenue at Garuda Construction & Engineering is growing +40.1% versus a year earlier (3y avg +48.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Garuda Construction & Engineering (GARUDA)?
Earnings per share at Garuda Construction & Engineering are growing +48.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Garuda Construction & Engineering (GARUDA) hold?
Garuda Construction & Engineering holds more cash than debt, ₹108M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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