Gammon India share price

BSE: 509550Construction

Gammon India Ltd. · Face value ₹2 · Listed Sep 1962

Trading suspended since 3 May 2024

Last traded ₹1.65 on 10 Sep 2018

Latest announcements

Routine notices left out.

  1. Oct 2026

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Q1 results, quarter to Jun 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

Revenue
₹2.19 Cr+50.0% on a year ago · −97.3% on the quarter before
Operating profit
−₹23 Cr
Net profit
−₹373 Cr
Earnings per share
−₹10.04
Operating margin
−1,053.4%
Net margin
−17,020.5%

From revenue to net profit, ₹ crore

  1. Revenue2.2
  2. Materials and goods−0.8
  3. Employee costs−1.5
  4. Other expenses−23
  5. Operating profit−23
  6. Depreciation−0.4
  7. Other income+0.7
  8. Finance costs−349
  9. Profit before tax−372
  10. Tax−0.7
  11. Net profit−373

Gammon India results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
17−343Sep 2315−173Dec 2325−1,146Mar 247.3−316Jun 247.0−174Sep 245.0−532Dec 2449−171Mar 251.5−194Jun 2511−317Sep 251.7−346Dec 2580−314Mar 262.2−373Jun 26
Peak revenue ₹80 Cr, quarter to Mar 2026; lowest ₹1.46 Cr, quarter to Jun 2025A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
448.1%−19,877.6%−334.3%448.1%−2,357.9%−476.9%438.1%−2,734.5%160.6%−156.8%40.9%−134.5%81.1%−1,053.4%−2,016.0%−1,128.1%−4,661.2%−4,350.1%−2,466.6%−10,675.7%−352.2%−13,262.3%−2,915.5%−19,877.6%−390.4%−17,020.5%Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 26
₹ croreSep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Sep 2023Dec 2023Q3Mar 2024Q4Jun 2024Q1Sep 2024Q2Dec 2024Q3Mar 2025Q4Jun 2025Q1Sep 2025Q2Dec 2025Q3Filed 13 FebMar 2026Q4Jun 2026Q1
Revenue from operations1272111288515171525775491112802
2176244105114−1651643274−5360442−24141−294641525
Materials and goods bought234554387151092215004071
Employee costs22422232222222212211
Other expenses167123698107−1711232357−6659238−28139−82212723
Operating profit before depreciation−9−69−243−94−102173−79−17−5769−580−3531−13678−24−265−23
Operating margin−80.0%−973.4%−13,324.2%−879.7%−875.4%2,299.1%−92.5%−115.2%−334.3%448.1%−2,357.9%−476.9%438.1%−2,734.5%160.6%−156.8%40.9%−134.5%81.1%−1,053.4%
Depreciation and amortisation11111000001111100000
Other income−5373383479115294192−913012763−271
Finance costs214221223235246256228276286293275288296304306318327346341349
Profit before one-off items and tax−277−284−464−327−341−50−228−292−343−173−762−322−174−532−199−194−317−346−303−372
One-off items00000−259299−15000700−400000
Profit before tax−277−284−464−327−341−30971−307−343−173−762−316−174−532−203−194−317−346−303−372
02−1110−13000385000−32000111
Tax rate––––––−17.8%–––––––––––––
Share of profit of joint ventures and associates––0–––0–––1–––0–––0–
−277−286−462−328−342−30983−307−343−173−1,146−316−174−532−171−194−317−346−314−373
Other comprehensive income5753−2085268−234−631−9340−1374229−146172−122−145−94−52−9731
Total comprehensive income−220−233−669−276−274−544−548−400−303−310−1,103−287−320−359−294−338−411−398−411−342
Net margin−2,389.7%−4,063.5%−25,378.0%−3,062.5%−2,929.8%−4,119.8%97.2%−2,070.5%−2,016.0%−1,128.1%−4,661.2%−4,350.1%−2,466.6%−10,675.7%−352.2%−13,262.3%−2,915.5%−19,877.6%−390.4%−17,020.5%
Net margin without joint ventures and associates––−25,401.6%–––97.5%–––−4,664.7%–––−352.0%–––−390.2%–
Earnings per share−₹7.44−₹7.67−₹12.44−₹8.80−₹9.20−₹13.84–−₹8.14−₹9.18−₹4.60−₹31.37−₹8.39−₹4.70−₹14.41−₹4.34−₹5.24−₹8.61−₹9.38−₹8.18−₹10.04
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
1,668−1,154Mar 17704−1,621816Mar 18984−1,296671Mar 1986−631658Mar 2055−795607Mar 2128−1,181572Mar 22115−897256Mar 2372−1,969100Mar 2468−1,19276Mar 2594−1,17068Mar 26
Peak revenue ₹1,668 Cr, year to Mar 2017; lowest ₹28 Cr, year to Mar 2022A loss in 10 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
68.8%−4,238.8%1.5%17.0%−14.8%−68.6%−218.5%−1,145.6%−89.2%−815.2%−91.2%68.8%−69.2%−230.3%−131.7%−730.3%−1,457.7%−4,238.8%−779.8%−2,744.0%−1,756.3%−1,238.7%Mar 17Mar 19Mar 21Mar 23Mar 25Mar 26

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

  1. Revenue94
  2. Materials and goods−11
  3. Employee costs−5.9
  4. Other expenses−13
  5. Operating profit65
  6. Depreciation−1.7
  7. Other income+109
  8. One-off items0.0
  9. Finance costs−1,332
  10. Profit before tax−1,159
  11. Tax−11
  12. Joint ventures−0.2
  13. Net profit−1,170

What the company owns

  • Plant, investments and other assets₹1,086 Cr
  • Receivables₹30 Cr
  • Cash and bank₹15 Cr
  • Inventory₹9 Cr

What pays for it: net worth and liabilities

  • Other liabilities₹999 Cr
  • Owed to suppliers₹73 Cr
  • Borrowings₹68 Cr

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026Twelve months
Revenue from operations1,66870498486552811572689495
1,6425851,1301461743472186571302951
Materials and goods bought4502447712114115241551111
Employee costs–3929989109766
Other expenses–302331115151327156607671334
Operating profit before depreciation26120−146−59−119−319−103−585−626544
Operating margin1.5%17.0%−14.8%−68.6%−218.5%−1,145.6%−89.2%−815.2%−91.2%68.8%46.5%
Materials, % of revenue–34.6%78.3%24.8%26.3%41.0%45.0%57.2%81.6%11.4%11.7%
Employee costs, % of revenue–5.5%2.9%10.1%14.8%31.2%8.3%12.2%10.8%6.3%6.2%
Other expenses, % of revenue–42.9%33.6%133.7%277.3%1,173.5%135.9%845.8%98.9%13.5%35.6%
Depreciation and amortisation904613119422222
Operating profit after depreciation−6573−159−70−128−323−105−587−646343
Other income121330781361211412314732109−17
Finance costs8757836846947528719651,1291,1941,3321,363
Profit before one-off items and tax−819−380−765−628−759−1,180−947−1,569−1,226−1,159−1,338
One-off items−292−1,226−4430−36040−15200
Profit before tax−1,110−1,606−1,208−628−795−1,180−907−1,584−1,224−1,159−1,338
17−690−11−10386−311112
Share of profit of joint ventures and associates−26−22−79−30001000
−1,154−1,621−1,296−631−795−1,181−897−1,969−1,192−1,170−1,349
Other comprehensive income–−21814−306−70−155−745−148−67−388−213
Total comprehensive income–−1,839−1,282−937−865−1,335−1,642−2,117−1,260−1,559−1,562
Net margin−69.2%−230.3%−131.7%−730.3%−1,457.7%−4,238.8%−779.8%−2,744.0%−1,756.3%−1,238.7%−1,417.3%
Net margin without joint ventures and associates−67.6%−227.2%−123.6%−727.0%−1,457.0%−4,240.4%−779.6%−2,745.2%−1,756.2%−1,238.6%–
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ croreMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
−2,276−3,492−4,429−5,293−6,643−8,285−10,394−11,654−13,213
−2,189−3,375−4,311−5,163−6,497−8,168−10,281−11,534−13,092
Share capital747474747474747474
Reserves−2,263−3,449−4,386−5,237−6,571−8,242−10,355−11,608−13,166
Belonging to outside owners of subsidiaries−87−117−118−129−146−117−113−120−121
8166716586075722561007668
7,5747,6778,4669,18510,06310,58011,47812,65414,233
489379383332317433150120120
Total assets5,7874,5644,4204,2243,7372,7271,2331,1191,140
3,5653,1933,0352,9832,5452,0571,0881,0151,062
2,2221,3711,3851,2411,19267014610479
Net debt774657646593556250956653
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the year to Mar 2017, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ croreMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
6−1−23−2230
30−25−22911
2014−8−332−56
Receivables193−55−23−16−59
Inventories607651−4
Payables−100−28−72
Other working capital61141655
Tax paid3−11−1−1−10
Capital spending000000
Free cash flow6−1−23−2230
92121220
−101120−25−17
Dividends paid000000
Shares bought back000000
Shares issued000000
Net change in cash421−203
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Consolidated, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Earnings per share−₹29.52−₹42.67−₹32.80−₹17.08−₹21.19−₹31.66–−₹53.28−₹32.20−₹31.42
Diluted earnings per share−₹29.46−₹42.59−₹32.80−₹17.08−₹21.19−₹31.66–−₹53.28−₹32.20−₹31.42
Book value per share–−₹59.08–−₹116.35−₹139.34−₹175.32–−₹277.46−₹311.26−₹353.30
Market cap at the year end (₹ crore)358157––––––––
Earnings per share is left blank for the year to Mar 2023: the earnings per share stated has the opposite sign to the profit stated beside it, so it is not shown.

Ratios

Consolidated, years to March.

RatioMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue growth−57.8%39.8%−91.2%−36.9%−48.9%313.1%−37.6%−5.4%39.2%
Operating profit growth365.1%––––––––
71.9%43.5%16.4%16.5%20.0%12.6%21.3%10.9%9.4%
–−28.4 pts−27.1 pts0.1 pts3.5 pts−7.4 pts8.7 pts−10.4 pts−1.5 pts
From the net margin–−32.4 pts214.5 pts15.8 pts31.8 pts−16.2 pts30.4 pts−7.7 pts−3.2 pts
From asset turnover–22.3 pts−231.9 pts−11.1 pts−21.5 pts15.7 pts0.8 pts8.1 pts3.4 pts
From borrowing–−18.3 pts−9.7 pts−4.6 pts−6.7 pts−6.9 pts−22.4 pts−10.8 pts−1.7 pts
Interest cover0.1–––––––0.0
Receivable days1035862337072699166255117
Inventory days2,69843816,12623,04527,9383,54549533294
Payable days3741113,2144,6505,6421,0717154782,492
Cash conversion cycle, days2,42638513,53518,76423,0222,572−54−190−2,081
Working capital days−2,434−2,112−27,394−49,217−1,08,974−30,973−57,170−67,114−54,478
Asset turnover0.120.190.020.010.010.040.040.060.08
Assets per rupee of net worth−2.64−1.86−1.17−0.91−0.68−0.44−0.21−0.11−0.09
Sales per rupee of plant1.532.220.200.130.070.280.180.170.24
Capital spending to depreciation–––0.000.000.000.020.000.00
Plant being built, % of plant in use2.3%0.8%0.4%0.0%0.0%0.0%0.0%0.0%0.0%
Interest cover is left blank for the years to Mar 2017, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024 and Mar 2025: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the year to Mar 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year
−102.6%
Cash from operations against operating profit
0.6%
Measure10 years5 years3 years
Revenue growth, yearly rate–11.6%−6.4%
Return on equity, average24.7%14.9%13.9%
Operating margin, average−235.6%−414.5%−279.2%
Net margin, average−1,337.7%−2,151.5%−1,913.0%
Asset turnover, average0.060.040.06
Cash conversion cycle, days, average6,4874,654−775

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations−3210
Cash from investing372220
Cash from financing−30−42−17
Capital spending000
Dividends paid000
Shares bought back000
Shares issued for cash000
Borrowings raised––0
Borrowings repaid1813510

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9–––423345
Altman Z-scorePublished threshold 1.81−1.99––––––––
Beneish M-scorePublished threshold −1.78–––−4.25−3.84−1.68−10.81−6.36−7.68
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–––−18.72−29.68−27.42−99.31−103.47−105.37
Receivables growth less revenue growthOur threshold 0 percentage points–−61.0585.29−25.6349.08−357.0142.7650.77−75.20
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−264.9199.7828.7116.89−395.98−68.12−126.01152.26
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–9.731.98−19.04−52.60−54.42−109.47−8.84−16.73
Assets under construction, years of additionsOur threshold 2 years of additions––––––0.000.000.00
A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
19 Oct 2026CARE Ratings LimitedNon-fund-based-LT/STLong and short-term scalesCARE D / CARE D; ISSUER NOT COOPERATING*Review, Re-affirm9,092.78
19 Oct 2026CARE Ratings LimitedFund-based-Long TermLong-term scaleCARE D; ISSUER NOT COOPERATING*Review, Re-affirm949.05
19 Oct 2026CARE Ratings LimitedDebentures-Non Convertible DebenturesLong-term scaleCARE D; ISSUER NOT COOPERATING*Review, Re-affirm324
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.

Business segments

In the year to Mar 2026 the company reports one business segment, Construction & Engineering, which carries all its revenue.

Gammon India dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2026.

Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2012₹0.20₹0.20
2011₹0.40₹0.40
2010₹0.40₹0.60₹1.00
2009₹0.60₹0.60
2008₹0.50₹0.50
2007₹0.10₹0.10

Interim or final dividendSpecial dividendNone that month

Gammon India dividend history

Every payment with its ex-date and record date, year by year.

2012

  • Sep17Mon

    ₹0.20Final

    Ex-date 17 Sep 2012 · books closed to 25 Sep 2012

    0.50%of the price

2011

  • Sep19Mon

    ₹0.40Final

    Ex-date 19 Sep 2011 · books closed to 26 Sep 2011

    0.50%of the price

2010₹1.00 a share in 2 payments

  • Sep23Thu

    ₹0.60Final

    Ex-date 23 Sep 2010 · books closed to 28 Sep 2010

    0.27%of the price
  • Aug24Tue

    ₹0.40Interim

    Ex-date 24 Aug 2010 · record date 25 Aug 2010

    0.19%of the price

2009

  • Oct7Wed

    ₹0.60Dividend

    Ex-date 7 Oct 2009 · books closed to 14 Oct 2009

    0.30%of the price

2008

  • Sep17Wed

    ₹0.50Final

    Ex-date 17 Sep 2008 · books closed to 25 Sep 2008

    0.27%of the price

2007

  • Sep12Wed

    ₹0.10Final

    Ex-date 12 Sep 2007 · books closed to 18 Sep 2007

    0.02%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.

Gammon India share price by year

Each calendar year to 2018.

YearClose at year endChangeHighest closeLowest close
20181.65−76.6%7.801.65
20177.05−41.0%13.155.45
201611.95−32.5%20.4010.60
201517.70−35.0%28.8511.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2018 close is its last trade, on 10 Sep 2018.

Recent sessions

The 10 trading days to 10 Sep 2018, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
10 Sep 20181.651.651.651.651.658,737
3 Sep 20181.701.701.701.701.7018,330
27 Aug 20181.801.851.751.751.7877,377
20 Aug 20181.801.801.801.801.8010,199
13 Aug 20181.851.851.851.851.8513,973
6 Aug 20181.901.951.901.901.9026,689
30 Jul 20181.951.951.951.951.9531,336
23 Jul 20182.052.052.052.052.055,465
16 Jul 20182.152.152.152.152.1519,483
9 Jul 20182.252.252.252.252.2529,033
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
19 May 2009Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
509550
ISIN
INE259B01020
Industry
Construction
Former symbols
GAMMONIND
Website
www.gammonindia.com
CIN
L74999MH1922PLC000997
Corporate identity number, the registrar of companies' code for it
Incorporated
1922
Registered office
Hamilton House, Heredia Road, Ballard Estate, Mumbai 400001, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments