Ganesh Infraworld Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹330 Cr
- P/E
- 3.62
- ROE
- 35.06%
- Price to sales
- 0.31
- Debt to equity
- 1.94
- 52W high / low
- ₹243 / ₹67.0
- EBITDA margin
- 13.96%
- Net profit margin
- 9.12%
- Promoter holding
- 56.35%
- Sales (last year)
- ₹1,034 Cr
Incorporated in 2017, Ganesh Infraworld Limited is a construction company providing construction-related services.[1]
Guidance scorecard · Q1 FY27 call
What Ganesh Infraworld Ltd's management guided
and where it ranks in Construction
RevenueQ2 FY26 call
20–40%- Ganesh Infraworld has a robust order book of Rs. 2,262 crores as of September 30, 2025, providing strong revenue visibility for upcoming quarters.
- The company is focusing on steady growth rather than rapid expansion, extracting maximum revenue from existing projects and selectively bidding on new tenders.
- Expansion into mining projects, which constitute 30% of the order book, offers long-term operational contracts (20-25 years), ensuring consistent cash flows.
- The mining segment is expected to maintain EBITDA margins similar to current levels, with potential improvement once the company acquires its own machinery fleet.
- Revenue growth for FY'26 is expected to be strong, with the second half contributing approximately 60% of annual revenue, consistent with industry seasonality.
2 more points from Ganesh Infraworld Ltd's call on revenue
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MarginsQ2 FY26 call
Up 0–2%See what Ganesh Infraworld Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- The company plans to purchase some machinery in the future to meet PQ (Pre-Qualification) requirements, particularly for mining projects.
- Currently, machinery for mining projects is hired locally, but owning machinery is planned ahead.
- Funding for these machinery purchases is secured via sanctions from private lenders, NBFCs, and PSU banks, replacing higher current rental expenses with EMIs.
- The preferential issue of shares (₹100 crore raise) is intended to suffice working capital and capital investment needs at least until FY'27.
2 more points from Ganesh Infraworld Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Ganesh Infraworld Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- As of September 30, 2025, Ganesh Infraworld Limited's order book stands at approximately Rs. 2,262 crores.
- The current bid book for mining projects alone is around Rs. 2,800 crores.
- Order book composition: 39% civil infra, 23% water infra, 30% mining, and 8% civic utilities.
- The Company maintains a strong order pipeline with selective tender participation based on geographical and departmental familiarity.
- Expected to continue winning niche projects, especially in water treatment, sewerage treatment, and mining.
2 more points from Ganesh Infraworld Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of Ganesh Infraworld Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ganesh Infraworld Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 51 | 135 | 95 | 149 | 159 | 181 | 210 | 215 | 226 |
| Expenses + | 45 | 123 | 86 | 133 | 144 | 160 | 184 | 186 | 197 |
| Operating Profit | 6 | 13 | 9 | 16 | 14 | 21 | 26 | 29 | 29 |
| OPM % | 11% | 9% | 10% | 11% | 9% | 11% | 12% | 14% | 13% |
| Other Income + | 0 | 2 | 0 | 0 | 2 | 1 | 1 | 1 | 2 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 14 | 9 | 15 | 16 | 20 | 24 | 26 | 26 |
| Tax % | 29% | 26% | 22% | 25% | 25% | 25% | 25% | 26% | 26% |
| Net Profit + | 4 | 10 | 7 | 11 | 12 | 15 | 18 | 19 | 19 |
| EPS in Rs | 3.60 | 8.14 | 2.29 | 2.65 | 2.72 | 3.42 | 4.24 | 4.46 | 4.46 |
Financials of Ganesh Infraworld Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales + | 51 | 538 | 832 |
| Expenses + | 45 | 486 | 727 |
| Operating Profit | 6 | 52 | 105 |
| OPM % | 11% | 10% | 13% |
| Other Income + | 0 | 4 | 4 |
| Interest | 0 | 2 | 10 |
| Depreciation | 0 | 1 | 4 |
| Profit before tax | 6 | 53 | 95 |
| Tax % | 29% | 25% | 26% |
| Net Profit + | 4 | 40 | 71 |
| EPS in Rs | 3.60 | 9.37 | 16.58 |
| Dividend Payout % | 0% | 0% | 0% |
Financials of Ganesh Infraworld Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 11 | 21 | 21 |
| Reserves | 24 | 158 | 229 |
| Borrowings + | 31 | 38 | 134 |
| Other Liabilities + | 28 | 47 | 159 |
| Total Liabilities | 94 | 265 | 543 |
| Fixed Assets + | 9 | 20 | 78 |
| CWIP | 0 | 0 | 0 |
| Investments | 19 | 36 | 136 |
| Other Assets + | 66 | 209 | 328 |
| Total Assets | 94 | 265 | 543 |
Financials of Ganesh Infraworld Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | -28 | -80 | -41 |
| Cash from Investing Activity + | -28 | -25 | -47 |
| Cash from Financing Activity + | 62 | 109 | 86 |
| Net Cash Flow | 6 | 5 | -2 |
| Free Cash Flow | -38 | -92 | -43 |
| CFO/OP | -513% | -128% | -17% |
Financials of Ganesh Infraworld Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 275 | 79 | 80 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 275 | 79 | 80 |
| Working Capital Days | -2 | 76 | 22 |
| ROCE % | 38% | 35% |
Guidance history
How Ganesh Infraworld Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | Rising |
| Q4 FY25 call → | 10–20% | Up 0–2% | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Ganesh Infraworld Ltd's management said in earlier quarters
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