Garuda Construction & Engineering
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 plu… Read more
Garuda Construction & Engineering (GARUDA) - Net Assets
Latest net assets as of September 2025: ₹3.87 Billion INR
Based on the latest financial reports, Garuda Construction & Engineering (GARUDA) has net assets worth ₹3.87 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹5.74 Billion) and total liabilities (₹1.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹3.87 Billion |
| % of Total Assets | 67.48% |
| Annual Growth Rate | 89.14% |
| 5-Year Change | 1344.3% |
| 10-Year Change | N/A |
| Growth Volatility | 46.11 |
Garuda Construction & Engineering - Net Assets Trend (2020–2025)
This chart illustrates how Garuda Construction & Engineering's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Garuda Construction & Engineering (2020–2025)
The table below shows the annual net assets of Garuda Construction & Engineering from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹3.32 Billion | +179.25% |
| 2024-03-31 | ₹1.19 Billion | +44.05% |
| 2023-03-31 | ₹826.12 Million | +97.68% |
| 2022-03-31 | ₹417.90 Million | +81.62% |
| 2021-03-31 | ₹230.10 Million | +67.54% |
| 2020-03-31 | ₹137.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garuda Construction & Engineering's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5185.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.31 Billion | 39.54% |
| Common Stock | ₹465.21 Million | 14.02% |
| Other Comprehensive Income | ₹3.00K | 0.00% |
| Other Components | ₹1.54 Billion | 46.44% |
| Total Equity | ₹3.32 Billion | 100.00% |
Garuda Construction & Engineering Competitors by Market Cap
The table below lists competitors of Garuda Construction & Engineering ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goodfellow Inc
PINK:GFELF
|
$43.65 Million |
|
Horizon Copper Corp
OTCQX:HNCUF
|
$43.66 Million |
|
Panasonic Manufacture Malaysia
KLSE:3719
|
$43.67 Million |
|
INSTABANK ASA NK 1
F:93V
|
$43.67 Million |
|
Signature Alliance Group Berhad
KLSE:0360
|
$43.63 Million |
|
Eche Izquierdo
SN:EISA
|
$43.60 Million |
|
Ramada Investimentos e Industria S.A
LS:RAM
|
$43.60 Million |
|
Winsome Resources Ltd
AU:WR1
|
$43.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garuda Construction & Engineering's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,190,064,000 to 3,318,105,000, a change of 2,128,041,000 (178.8%).
- Net income of 497,951,000 contributed positively to equity growth.
- Dividend payments of 2,124,000 reduced retained earnings.
- New share issuances of 1,632,414,000 increased equity.
- Other comprehensive income increased equity by 3,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹497.95 Million | +15.01% |
| Dividends Paid | ₹2.12 Million | -0.06% |
| Share Issuances | ₹1.63 Billion | +49.2% |
| Other Comprehensive Income | ₹3.00K | +0.0% |
| Other Changes | ₹-203.00K | -0.01% |
| Total Change | ₹- | 178.82% |
Book Value vs Market Value Analysis
This analysis compares Garuda Construction & Engineering's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 89.72x to 4.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | ₹1.84 | ₹164.87 | x |
| 2021-03-31 | ₹3.08 | ₹164.87 | x |
| 2022-03-31 | ₹4.49 | ₹164.87 | x |
| 2023-03-31 | ₹8.88 | ₹164.87 | x |
| 2024-03-31 | ₹12.79 | ₹164.87 | x |
| 2025-03-31 | ₹36.87 | ₹164.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garuda Construction & Engineering utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.07%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.23x
- Recent ROE (15.01%) is below the historical average (31.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 10.72% | 1.19% | 0.79x | 11.43x | ₹984.90K |
| 2021 | 40.32% | 12.89% | 0.54x | 5.76x | ₹69.77 Million |
| 2022 | 44.94% | 24.39% | 0.69x | 2.66x | ₹146.03 Million |
| 2023 | 49.38% | 25.39% | 0.91x | 2.13x | ₹325.34 Million |
| 2024 | 30.62% | 23.63% | 0.67x | 1.92x | ₹245.35 Million |
| 2025 | 15.01% | 22.07% | 0.55x | 1.23x | ₹166.14 Million |
Industry Comparison
This section compares Garuda Construction & Engineering's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $9,069,629,886
- Average return on equity (ROE) among peers: 2.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garuda Construction & Engineering (GARUDA) | ₹3.87 Billion | 10.72% | 0.48x | $43.64 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $265.76 Million | 33.76% | 17.75x | $19.30 Million |
| ABINFRA (ABINFRA) | $277.88 Million | 3.11% | 2.71x | $1.92K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $532.22 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $2.76 Billion | -16.84% | 3.24x | $209.49 Million |
| Akash Infra-Projects Limited (AKASH) | $799.84 Million | 1.44% | 0.72x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $23.68 Billion | 2.47% | 5.50x | $173.39 Million |
| Atal Realtech Limited (ATALREAL) | $95.04 Million | 24.39% | 1.96x | $2.46K |
| AXISCADES Technologies Limited (AXISCADES) | $243.57 Million | 13.90% | 0.26x | $275.46 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $123.26 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $4.58 Billion | -13.70% | 2.97x | $45.12 Million |