Gayatri Projects Achieves Debt-Free Status Following Final Fund-Based Loan Repayments

Key numbers

Net Profit TTM	₹2,079.82 CrSettlement impact
Market Cap	₹864.52 CrMid-range Performer
P/E TTM	0.42Industry 28.9x
Order Book	₹5,500 CrAs of September 2026

Key highlights

• Repayment of entire outstanding fund-based borrowings from Banks and Financial Institutions completed
• Debt-free status achieved in respect of fund-based facilities as on October 26, 2026
• Company fully discharged payment obligations in accordance with agreed settlement terms
• Management to focus on business operations, project execution, and future growth opportunities
• Capital structure strengthened by preferential equity allotments totaling approximately ₹277.10 crore earlier this year

Strategic Debt Settlement and Financial Rejuvenation

Gayatri Projects Limited has reached a critical financial turning point by fully discharging its fund-based liabilities to banks and financial institutions. The company confirmed on October 26, 2026, that it has repaid the entire outstanding balance under agreed settlement terms. This move effectively eliminates the debt-servicing burden that previously weighed on its cash flows, allowing management to redirect internal accruals toward project execution.

This follows a period of significant growth where the company reported a net profit of ₹37.12 crore for the June 2026 quarter, a substantial year-on-year increase. The cleanup of the balance sheet is expected to enhance the company's eligibility for future large-scale EPC tenders.

Capital Infusion and Operational Momentum

• Utilized proceeds from preferential equity allotments in April 2026 totaling ₹277.10 crore to settle lender dues
• Reported a trailing twelve-month operating revenue of ₹999.08 crore as of the latest financial cycle
• Maintains a robust order book of approximately ₹5,500 crore as reported in the September 2026 annual filing
• Received a Completion Certificate on October 12, 2026, for the Delhi-Saharanpur highway joint-venture project
• Promoter holding remains stable at 23.56 percent with FII interest at 17.95 percent
• Achieved a 1-year stock price return of 69.43 percent as market valuation reaches ₹864.52 crore

Milestone in Financial Consolidation

In continuation of our earlier disclosures, we wish to inform you that the Company has successfully repaid the entire outstanding fund-based borrowings availed from Banks and Financial Institutions in accordance with the agreed settlement terms, thereby fully discharging its payment obligations in respect of such facilities.

What to watch next

• Approval of unaudited financial results for the quarter ended September 2026 by November 14, 2026
• Bidding and participation in large-scale EPC projects following debt-free eligibility status
• Operational performance of the Delhi-Saharanpur highway joint-venture project following the recent completion certificate

“Consequently, the Company is now debt-free in respect of fund-based borrowings from Banks and Financial Institutions, as on the date of this disclosure. This marks a significant milestone in the Company’s efforts to resolve its outstanding financial obligations, strengthen its financial position and reduce its debt-servicing burden, enabling the management to focus on business operations, project execution and future growth opportunities.”

Gayatri Projects · financial snapshot

Share price	₹18.62
Market capitalisation	₹864.52 Cr
Revenue (annual)	₹846.89 Cr
Net profit (annual)	₹2,042.12 Cr
Revenue (latest quarter)	₹228.77 Cr+19.57% vs previous quarter
Net profit (latest quarter)	₹37.12 Cr+133.44% vs previous quarter
P/E (TTM)	0.42×Sector 31.15×
Promoter holding	23.56%0.00% QoQ
FII holding	17.95%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.