Synopsis:
Construction stock has won a Rs. 231 crore work order for a 6.17 lakh sq. ft. rehabilitation building in Chandivali, Mumbai, to be completed in three years, boosting its total order book to Rs. 3,460.78 crore.
This company specializes in civil construction services that include project planning, resource mobilization, detailed engineering, and the complete execution of construction projects now in focus after securing an order worth Rs. 231 crore.
With market capitalization of Rs. 1,980 cr, the shares of Garuda Construction and Engineering Limited closed at Rs. 212.71 per share, increased more than 9% in today’s market session, reaching a high of Rs. 220, from its previous close of Rs. 200.97 per share.
About the order
Garuda Construction and Engineering Limited has secured a work order worth approximately Rs. 231 crore for the construction of a rehabilitation building in Chandivali, Mumbai. The project covers a total area of about 6.17 lakh sq. ft. and is scheduled to be completed within three years.
With this new order, Garuda Construction’s total order book has grown to around Rs. 3,460.78 crore, reflecting strong project inflows and healthy business visibility. This order is expected to contribute significantly to the company’s revenue over the next few years and strengthen its position in the Mumbai construction and rehabilitation sector.
About the company
Garuda Construction and Engineering Limited is an India-based construction company engaged in executing large-scale residential, commercial, and infrastructure projects. The firm specializes in building rehabilitation, civil engineering, and turnkey construction solutions, maintaining a strong presence in Mumbai and across key urban markets.
The company demonstrated strong financial performance, with a return on capital employed (ROCE) of 30.1% and a return on equity (ROE) of 22.1%. The company has delivered impressive profit growth, achieving a 102% CAGR over the past five years. It also maintains a solid ROE track record, with a three-year average of 32.7%, reflecting consistent value creation for shareholders.
Sales of the company increased from Rs. 81 cr in Q4FY25 to Rs. 125 cr in Q1FY26. Operating profit rose to Rs. 36 cr from Rs. 24 cr. Net profit increased from Rs. 18 cr to Rs. 28 cr over the same period.
Written by Manideep Appana
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