Garuda Construction and Engineering IPO Review

Garuda Construction and Engineering Pvt. Ltd. is more than just a construction company; they are our trusted EPC (Engineering, Procurement, and Construction) specialist. With a wealth of experience and a proven track record, they have honed their skills to deliver turnkey solutions that exceed expectations.

The Company is led by Promoter, named, PRAVINKUMAR BRIJENDRA KUMAR AGARWAL has more than two (2) decades of experience in various businesses like Construction & Development, hospitality and management services.

Financially, Revenue in Fiscal 2024, Fiscal 2023 and Fiscal 2022 was ₹15,446.88 Lakhs, ₹16,102.4 1 Lakhs and ₹7,702.79 Lakhs, respectively. The EBITDA for the Fiscals 2024, 2023 and 2022 were ₹5,008.56 Lakhs, ₹5,599.17 Lakhs and ₹2,716.85 Lakhs respectively. The Profit after Tax for the Fiscals 2024, 2023 and 2022 were ₹3,643.53 Lakhs, ₹4,079.53 Lakhs and ₹1,878.22 Lakhs respectively. This indicates steady growth in financial performance.

For the Garuda Construction and Engineering IPO, the company is issuing shares at a pre-issue EPS of ₹4.87 and a post-issue EPS of ₹3.91. The pre-issue P/E ratio is 19.50x, while the post-issue P/E ratio is 24.29x against the P/E ratio is 27.58. The company's ROCE for FY24 is 41.73% and RoE for FY24 is 30.62%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Garuda Construction and Engineering showing potential listing gains of 0%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Garuda Construction and Engineering Limited IPO for Listing gain or long term investment purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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