Gayatri Projects Limited (GAYAPROJ) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Gayatri Projects Limited ₹31.79, price ₹22.44, upside +41.7%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Gayatri Projects Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹4.75 – ₹58.70 · fair‑value band ₹27.24 – ₹43.84 · the ₹22.44 price screens below the ₹31.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 2, 2026.
Follow Gayatri Projects in your weekly email
Every Wednesday you see whether Gayatri Projects is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Gayatri Projects Limited engages in the construction business in India. The company is involved in engineering, procurement, and construction of roads, irrigation, water distribution, and mining works, as well as industrial, transportation, and land development projects. It also engages in the ownership of infrastructure assets.
Show more
Gayatri Projects Limited engages in the construction business in India. The company is involved in engineering, procurement, and construction of roads, irrigation, water distribution, and mining works, as well as industrial, transportation, and land development projects. It also engages in the ownership of infrastructure assets. The company was founded in 1963 and is based in Hyderabad, India.
Stock analysis
Gayatri Projects Limited (GAYAPROJ) currently trades at ₹22.44, while our model-based Fair Value estimate is ₹31.79, implying the stock looks roughly 29.4% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of ₹36.48 per share, and 15 of the 16 models we run sit above the ₹22.44 price.
Bear case: the Asset-Based group reads lowest at ₹8.76, and 1 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹27.24 (bear) to ₹43.84 (bull), the price of ₹22.44 sits below 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 71/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Gayatri Projects Limited reported revenue of ₹8.5B in FY2026 versus ₹31.0B in FY2022, a compound −27.7%/yr. Reported net income was ₹20.4B in FY2026.
Key figures
Market cap ₹10.4B (≈ $108M) · P/E ratio 0.2 · P/S ratio 0.49 · EPS (TTM) ₹111.48 · Net margin 180% · Return on equity −2,387% · Return on assets (EBIT) −9.6% · Operating margin 23.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 104% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 42%, GAYAPROJ screens cheaper than that median.
Fair Value models
Bear ₹27.24Fair Value ₹31.79Bull ₹43.84
Price ₹22.44 · Upside +41.7%
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 (₹56.81 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+88.2%
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.
−5.9%
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.
−26.3%
Start year 2021 (pandemic). Over 10 years: −6.9% a year
Revenue growth 21 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.
+5.0%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘ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.
9.1% (2021) → −3.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
−9.0%
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 −12.6% a year for the price.
Compare Gayatri Projects Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 787 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+41.7% · Above median
Profitability
Return on assets2.4% · Below median
Net margin (TTM)179.8% · Top 25%
Operating margin (TTM)23.9% · Top 25%
Growth and dividend
Revenue growth208.7% · 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.
Is Gayatri Projects Limited (GAYAPROJ) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹31.79 versus a price of ₹22.44, about +42% upside (undervalued).
What is the fair value of GAYAPROJ?
Our model-based fair value for Gayatri Projects Limited is ₹31.79 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹22.44.
What is the quality score of GAYAPROJ?
Gayatri Projects Limited has a Quality Score of 71/100. 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 Gayatri Projects Limited (GAYAPROJ)?
Our model-based price target is the fair value of ₹31.79 (as of Oct 2, 2026) from 16 valuation models. Cautious scenario ₹27.24, optimistic scenario ₹43.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Gayatri Projects Limited stock forecast for 2026?
Our models put fair value at ₹31.79, about +42% upside versus a price of ₹22.44 (undervalued). Cautious scenario ₹27.24, optimistic scenario ₹43.84. The calculation is refreshed regularly with new filings.
What is the revenue of Gayatri Projects Limited (GAYAPROJ)?
Gayatri Projects Limited reported trailing-twelve-month revenue of about ₹11.6B (latest available figure, as of Oct 2, 2026).
What growth is priced into Gayatri Projects Limited (GAYAPROJ)?
For today's price to be fair in a discounted-cash-flow model, Gayatri Projects Limited would have to grow free cash flow by -9.0 % per year for five years (discount rate 15.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -26.3 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of GAYAPROJ use?
Our models discount Gayatri Projects Limited at 15.3 %: a base by market capitalisation (micro), damped by beta 0.98, 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 Gayatri Projects Limited that is -9.0 % per year a year over ten years, using the same discount rate (15.3 %) and the same formula as our fair value.
How much growth has Gayatri Projects Limited (GAYAPROJ) delivered so far?
Over the past 5 years revenue at Gayatri Projects Limited grew -26.3 % a year. The price currently implies -9.0 % 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 Gayatri Projects Limited (GAYAPROJ) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Gayatri Projects Limited (-9.0 % 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 Gayatri Projects Limited (GAYAPROJ)?
The free-cash-flow yield on the price is 37.18 %: that much free cash flow Gayatri Projects Limited produces per unit of market value. When it exceeds the discount rate of our models (15.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gayatri Projects Limited (GAYAPROJ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gayatri Projects Limited it is ₹31.79 per share (as of Oct 2, 2026), against a price of ₹22.44. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Gayatri Projects Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, GAYAPROJ trades below its calculated fair value: price ₹22.44, fair value ₹31.79, a gap of about +42% (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 GAYAPROJ?
No. The price is what the market pays today (₹22.44); the fair value is what the company's own numbers justify (₹31.79). For Gayatri Projects Limited the two are ₹9.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gayatri Projects Limited worth?
The market values Gayatri Projects Limited at about ₹10.4B (market capitalisation, as of Oct 2, 2026). Per share that is ₹22.44; our models calculate a fair value of ₹31.79 per share.
What do the bullish and bearish scenarios say about GAYAPROJ?
Our models span a range for Gayatri Projects Limited: cautious scenario ₹27.24, base ₹31.79, optimistic ₹43.84 per share (as of Oct 2, 2026, price ₹22.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GAYAPROJ?
Gayatri Projects Limited trades at a price-to-earnings ratio of 0.2 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹31.79 is built from several models across several years. Other multiples: P/B 1.7, P/S 0.9, EV/EBITDA 5.4.
How far is GAYAPROJ from its 52-week high?
Gayatri Projects Limited trades at ₹22.44, about 14% below its 52-week high of ₹26.15 and 104% above the low of ₹10.99 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹31.79 is for.
Which stocks are comparable to Gayatri Projects Limited?
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 Gayatri Projects Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹22.44, calculated fair value ₹31.79 (+42%), Quality Score 71/100, from 16 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 GAYAPROJ calculated?
We run Gayatri Projects Limited through 16 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 ₹31.79, 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 14.9 % above its aggregate fair value. Gayatri Projects Limited currently trades 29 % 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 Gayatri Projects Limited (GAYAPROJ)?
The closing price on Oct 1, 2026 was ₹22.44. Our model-based fair value is ₹31.79, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gayatri Projects Limited right now?
The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (₹27.24). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Gayatri Projects Limited
How large is the market capitalisation of Gayatri Projects Limited (GAYAPROJ)?
The market capitalisation of Gayatri Projects Limited is ₹10.4B (≈ $108M). 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 Gayatri Projects Limited (GAYAPROJ)?
The price-to-sales ratio of Gayatri Projects Limited is 0.49 (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 Gayatri Projects Limited (GAYAPROJ)?
Earnings per share at Gayatri Projects Limited are ₹111.48 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gayatri Projects Limited (GAYAPROJ)?
The net margin of Gayatri Projects Limited is 180% (last twelve months). 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 Gayatri Projects Limited (GAYAPROJ)?
The return on equity (ROE) of Gayatri Projects Limited is −2,387% (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 Gayatri Projects Limited (GAYAPROJ)?
On an EBIT basis the return on assets of Gayatri Projects Limited is −9.6% (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 Gayatri Projects Limited (GAYAPROJ)?
The operating margin of Gayatri Projects Limited is 23.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gayatri Projects Limited (GAYAPROJ)?
Revenue at Gayatri Projects Limited is growing +209% versus a year earlier (3y avg −5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Gayatri Projects Limited (GAYAPROJ) carry?
The net debt of Gayatri Projects Limited is ₹2.9B (fiscal year 2026, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Gayatri Projects Limited in the live analysis
One click puts Gayatri Projects Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
