Synopsis: Garuda Construction and Engineering Limited has secured a work order worth Rs.1,416 crores from Sumer Corporation for the development and construction of a premium residential project in Mumbai.
The shares of a small-cap company engaged in providing complete civil construction services for residential, commercial, mixed-use, infrastructure, and industrial projects gained momentum after securing orders worth Rs.1,416 crores.
With a market capitalization of Rs.2,203.69 crores, the shares of Garuda Construction and Engineering Limited were trading at Rs.236.85 up by 5.09 percent from its previous day’s closing price of Rs.225.
Work Order
Garuda Construction and Engineering Limited has won a work order worth Rs.1,416 crore from Sumer Corporation. The project involves the development and construction of a high-end residential complex, Powai Heights, in Chandivali, Ghatkopar, Mumbai.
This domestic contract will be executed over 60 months (five years), starting after the company receives the final government approvals, known as the further commencement certificate.
The company has a robust order book as of Rs.3,461 crore. It has completed 26 projects and is currently executing 16 ongoing projects, demonstrating strong execution capabilities, a healthy project pipeline, and a proven track record of delivering results.
About the Company
Garuda Construction and Engineering Limited is a growing civil construction and engineering company based in Mumbai, offering comprehensive services for residential, commercial, mixed-use, hospitality, infrastructure, and industrial projects. Their expertise includes building concrete and composite steel structures, along with providing O&M, MEP, and finishing services, delivering complete construction solutions under one roof.
The company’s revenue rose from Rs.47 crore in Q2FY25 to Rs.116 crore in Q2FY26, while its net profit rose from Rs.10 crore to Rs.27 crore during the same period. It has a return on equity of 22 percent and a return on capital employed of 30 percent. The company’s P/E ratio is 25.60, higher as compared to the industry average of 22.32.
The project-wise revenue mix shows a strong dominance of the commercial segment, contributing 70.1% of total revenue. Residential projects account for 22.2%, while industrial projects add another 6.7%. The services segment remains minimal, forming just 1% of the overall revenue.
Written by: Jhanavi Sivakumar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
