Garuda Construction and Engineering Ltd. is a small-cap consistently profitable construction sector company. As a small company, its financials, services, and products look engaging. Garuda Construction Engineering’s share price target for 2024, 2025, and 2026 prediction may help you generate more stock returns.
The shared information, data, financials, services, etc of the company may help you to analyze the company for short-term or long-term investing as it is super hard to find this information when the stock has been listed recently.
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About Garuda Construction and Engineering Ltd
Garuda Construction and Engineering Ltd. is a small-cap company primarily involved in the construction sector. As of October 2024, it was a newly listed company that was listed in the stock market on 15 October 2024.
The company offers several services, such as construction, operations and maintenance, mechanical, electrical, and plumbing services. In short, it offers all the services needed to complete a construction site from start to finish.
Garuda Construction and Engineering Ltd provides start-to-finish construction services for commercial, residential, infrastructure, industrial projects, etc.
Garuda Construction and Engineering Ltd’s Scrip Info
| NSE | GARUDA |
| BSE | 54421 |
| ISIN | INE0JVO01026 |
| SECTOR | CONSTRUCTION |
Company Analysis
Below you’ll find Garuda Construction and Engineering Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Jun 2024 | ₹ |
| Sep 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | NA |
| Mar 2021 | ₹9 |
| Mar 2022 | ₹19 |
| Mar 2023 | ₹41 |
| Mar 2024 | ₹36 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹961Cr | ROE | 30.62% |
| P/E Ratio (TTM) | 26.36 | EPS (TTM) | 3.92 |
| P/B Ratio | 3.28 | Div. Yield | 0.00% |
| Industry PE | 32.87 | Book Value | 31.48 |
| Debt to Equity | 0.00 | Face Value | 5 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA | NA |
| Public | NA | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA | NA |
Key Insights
- Low debt company.
- Zero promoter pledge.
- The company making profits consistently.
- The company has cash of Rs. 2.30 Crore.
- On the company, there is a debt of Rs. 0.15 Crore.
- The company’s net profit jumped from Rs. 9 Crore (FY2021) to Rs. 41 Crore (FY2023), but in the FY2024 net profit dropped to Rs. 36 Crore.
Garuda Construction and Engineering Share Price Target
In the long term, the construction sector will give a good return as per experts’ predictions. Garuda Construction and Engineering’s share price target for 2024, 2025, and 2026 returns can be similar to multi-bagger stocks as the construction sector contributed 59.7% (FY2023) in the infrastructure. The Indian government is already serious and has a lot of plans for the development of the industry.
As per experts’ predictions, the construction sector is one of the best sectors for long-term investing. But as a safe and long-term investor, you can consider blue-chip stocks like Larsen & Toubro (L&T), UltraTech Cement, Ambuja Cements, Dilip Buildcon, and many more.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹120 | ₹130 |
| 2025 | ₹250 | ₹300 |
| 2026 | ₹300 | ₹400 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Garuda Construction and Engineering Share Price Target 2024
As of 17 October 2024, the Garuda Construction and Engineering share price target looks bearish. As of the listing day, the company’s stock is falling from Rs. 120.99 and currently trading at Rs. 101.28. In other words, it is approx. down by more than 16% in just 3 trading days from its listing day.
The reason behind the massive fall can be not good expectations from the stock or company in the short term. Also the stock listed nearly 10% premium in the stock market. There can also be profit booking.
For now, there is no recovery sign as per the technical analysis but it may go up from its IPO price range (Rs. 92 to Rs. 95). As of now, investing in the infrastructure sector is slightly risky as it is falling.
Garuda Construction and Engineering Share Price Target 2025 and 2026
For the long term, being bullish on the stock is good because Garuda Construction and Engineering Ltd is a consistent profit-making company, with low debt on the company, zero promoter pledge, improving net profits for years, and many more. But it is a small-cap company which means the investing risk is also higher.
On the other side, the construction sector also has huge growth predictions as per the experts. In the next 8 to 10 years, the current market size of the construction can be double.
As of 17 Oct, expecting a massive return from the stock is not good but in the long term Garuda Construction and Engineering’s share price target for 2025 and 2026 may give good returns and we may see the stock trading near Rs. 300 to Rs. 400.
FAQs
As of 17 Oct, Garuda Construction and Engineering Ltd is bearish due to the heavy selling or profit booking in the stock. It looks like the stock will start trading in a range for a few weeks after making a bottom.
In short, trading the stock for the short term is not a good idea until the stock breaks its 52-week high.
As per the fundamentals, financials, and business model, it looks like a good stock because of the low debt, zero promoter pledge, scratch-to-finish services, continually growing net profit, and many more.
But for the investing purpose, it depends on the type of investor you are-
if you want to take high risk for a massive return then the stock may be good for you.
But investors who don’t want to take more risks and want to good profit can invest in blue chip stocks or stocks in the sector.
In my view, it is one of the best small-cap construction sector stocks because of the company’s low debt, zero promoter pledge, consistent profits, etc.
However many small-cap stocks have strong financials and fundamentals but slightly different business models. Investing in small-cap you should have a good understanding of the risks of investing in small-cap and most importantly how to find good small-cap stock.
Final Words
Garuda Construction and Engineering Ltd is a construction sector’s small-cap stock that provides end-to-end construction services for commercial, residential, infrastructure, industrial projects, etc. The Indian construction sector market is likely to double in the next 10 years which can benefit Garuda Construction and Engineering’s share price target for 2024, 2025, and 2026.