The Captial Market (CapitalMarket.com) rating for Garuda Construction IPO is 40. Their analysis recommends Avoid, However active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, However active risk seekers can try

Garuda Construction IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is engaged in civil, commercial and infra constructions and related services. It marked inconsistency in its financial performance for the reported periods with average financial data. Group company PKH Ventures came with its maiden IPO to mobilize Rs. 379 cr. in July 2023, withdrew it due to poor response under the pretext of bad market conditions. Its trade receivables are higher than its top lines reported so far. These are the major concerns. It has orders worth Rs. 1400+ cr. in hands as of the date of filing this offer document which is the only attraction. Based on FY25 annualized super earnings, the issue appears aggressively priced. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...

Garuda Construction and Engineering IPO Peer Comparison

Garuda Construction and Engineering Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Garuda Construction and Engineering Limited	4.87	15.92		36.14	6.33	Consolidated
Psp Projects Ltd	34.16	254.13	20	17.73	2.7	Consolidated
Capacite Infraprojects Ltd	16.09	223.44	23.61	9.35	1.17	Consolidated
Vascon Engineers Ltd	3.05	44.33	22.66	11.32	1.39	Consolidated
Ahluwalia Contracts (india) Ltd.	55.95	238.84	22.97	17.14	4.28	Consolidated
B.l.kashyap And Sons Ltd.	2.33	22.02	48.67	13.38	3.09	Consolidated

Notes:

All the financial information for the listed industry peer mentioned above is on a consolidated basis and is sourced from the annual audited financial results of the listed peer for the year ended March 31, 2024, sourced from the audited financials of the respective companies for the year ended March 31, 2024, unless provided otherwise.
For listed peer - sourced from the annual audited financial results of the listed peer for the year ended March 31, 2024.
For listed peers, Net Asset Value (NAV) is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year.
For listed peers, the P/E Ratio has been computed based on the closing market price of equity shares on the website of BSE as of August 30, 2024, divided by the Basic EPS provided under Note 2 above.
For listed peers, return on Net Worth for equity shareholders (%) (RONW) = Profit for the year divided by the average net-worth of the company.

Garuda Construction IPO Review by Members

Garuda Construction IPO Reviews, analysis and views by popular members. Read Garuda Construction & Engineering Ltd. IPO reviews by retail investors to find recommended ipo to buy.

Garuda Construction IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
%	0.00	0.00	0.00	0.00

Member	Review
No recommendation found. Be the first to post the recommendation.

Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.

Garuda Construction IPO Review & Recommendations

Garuda Construction IPO Review Summary from brokers and analysts

Garuda Construction IPO Capital Market Rating

Garuda Construction IPO Review by Dilip Davda (Avoid)

Garuda Construction and Engineering IPO Peer Comparison

Garuda Construction IPO Review by Members

Garuda Construction IPO Review Summary by Members

Read more about Garuda Construction IPO