Gayatri Highways Ltd. (IN:GAYAHWS)
:GAYAHWS
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Gayatri Highways Ltd.
(GAYAHWS)
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Rating:45Neutral
Price Target:
₹2.50
▼(-9.75% Downside)
Action:Reiterated
Date:01/23/26
The score is primarily held down by weak financial health (negative equity, high leverage, and inconsistent profitability) and bearish technicals (below key moving averages with negative MACD). Valuation appears optically cheap due to an extremely low P/E, but without supporting dividend data and given the fundamental risks, it provides only partial offset.
Positive Factors
Concession-based highway model
Operating via toll and annuity concessions under PPP structures creates long-dated, contract-like revenue streams tied to usage or scheduled payments. That structure supports durable cash inflows at the project level and can stabilize operating economics over multi-year concession terms.
Negative Factors
Highly leveraged balance sheet
Negative equity and a highly leveraged capital structure create solvency and refinancing risk. Limited equity buffers reduce financial flexibility to fund capex or absorb project cash shortfalls, constraining the company’s ability to sustain or expand long-dated infrastructure investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Concession-based highway model
Operating via toll and annuity concessions under PPP structures creates long-dated, contract-like revenue streams tied to usage or scheduled payments. That structure supports durable cash inflows at the project level and can stabilize operating economics over multi-year concession terms.
Read all positive factors
Gayatri Highways Ltd. (GAYAHWS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹548.80M
Dividend YieldN/A
Average Volume (3M)209.79K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-79.26%
EPS GrowthN/A
CountryIN
Employees3
SectorServices
Sector StrengthN/A
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)51.94
Shares Outstanding239,651,900
10 Day Avg. Volume132,203
30 Day Avg. Volume209,791
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.05
Price to Sales (P/S)5.55
P/FCF Ratio0.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gayatri Highways Ltd. Business Overview & Revenue Model
Company Description
Gayatri Highways Limited, together with its subsidiaries, engages in the construction, operation, and maintenance of roads, highways, vehicle bridges and tunnels, and toll roads in India. The company was incorporated in 2006 and is based in Hydera...
How the Company Makes Money
Gayatri Highways Ltd. makes money primarily through (1) revenue and cash flows generated at the project/SPV level from highway concessions and operations, and (2) any proceeds it receives as an equity participant or stakeholder in those project en...
Gayatri Highways Ltd. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.60M | 56.90M | 17.20M | 76.26M | 62.99M | 813.96M |
| Gross Profit | -7.92M | 1.50M | 1.26M | 7.89M | 33.95M | 698.43M |
| EBITDA | 328.50M | 154.55M | -1.02B | 1.92B | 53.26M | 741.86M |
| Net Income | 12.44B | 11.29B | -4.41B | -1.40B | -2.97B | -3.29B |
Balance Sheet | ||||||
| Total Assets | 9.81B | 10.00B | 19.74B | 24.37B | 24.85B | 24.68B |
| Cash, Cash Equivalents and Short-Term Investments | 292.48M | 203.73M | 100.67M | 66.43M | 50.39M | 33.73M |
| Total Debt | 4.08B | 4.21B | 24.12B | 24.11B | 24.18B | 25.17B |
| Total Liabilities | 16.12B | 16.26B | 37.29B | 37.51B | 34.81B | 33.22B |
| Stockholders Equity | -6.31B | -6.26B | -17.55B | -13.14B | -9.95B | -8.54B |
Cash Flow | ||||||
| Free Cash Flow | -7.38B | 1.75B | 3.12B | 932.95M | 7.98B | 4.67B |
| Operating Cash Flow | -7.38B | 1.75B | 3.12B | 934.58M | 7.98B | 4.67B |
| Investing Cash Flow | 663.84M | -32.40M | 196.59M | 220.73M | -1.65B | 154.82M |
| Financing Cash Flow | 6.80B | -1.61B | -3.28B | -1.14B | -6.32B | -4.81B |
Gayatri Highways Ltd. Technical Analysis
Negative
2.77
Price Trends
2.29
Positive
2.40
Negative
2.69
Negative
Market Momentum
<0.01
Positive
46.85
Neutral
17.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GAYAHWS, the sentiment is Negative. The current price of 2.77 is above the 20-day moving average (MA) of 2.35, above the 50-day MA of 2.29, and above the 200-day MA of 2.69, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.85 is Neutral, neither overbought nor oversold. The STOCH value of 17.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GAYAHWS.
Gayatri Highways Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | ₹463.21M | 11.84 | ― | ― | 21.53% | 45.73% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹361.60M | 4.73 | ― | ― | 19.08% | ― | |
45 Neutral | ₹548.80M | -6.20 | ― | ― | -79.26% | ― | |
42 Neutral | ₹131.63M | -2.65 | ― | ― | -43.46% | -61.02% |
* Services Sector Average
IN:GAYAHWS
Gayatri Highways Ltd.
2.29
1.18
106.31%
IN:AKASH
Akash Infra-Projects Ltd.
27.47
-1.62
-5.57%
IN:CYBERMEDIA
Cyber Media (India) Limited
17.36
3.70
27.09%
IN:MEP
MEP Infrastructure Developers Ltd.
0.99
-0.81
-45.00%
IN:PBAINFRA
PBA Infrastructure Limited
9.75
-3.15
-24.42%
Gayatri Highways Ltd. Corporate Events
Gayatri Highways Seeks Shareholder Nod for Major Intra-Group Funding Reshuffle via Postal Ballot
Apr 18, 2026
Gayatri Highways Ltd. has published a postal ballot notice in national and regional newspapers and initiated an electronic voting process to seek shareholder approval for several material related-party transactions within its group roadways entiti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.