Company Financial Rusult In Crore

About Garuda Construction and Engineering Limited

Garuda Construction and Engineering Limited was founded in 2010 and is a construction company.

The company provides comprehensive construction services for residential, commercial, residential/commercial, infrastructure, and industrial projects, as well as additional services for infrastructure and hospitality projects. The company also provides services such as operation and maintenance (O&M) and mechanical, electrical and plumbing (MEP) services as well as finishing works as part of construction services.

Garuda Construction and Engineering - Strength and Weakness

Strength

• The company maintains high construction quality and timely delivery through its strong project management capacity, utilizing a fleet of modern construction equipment managed through third-party vendors to remain asset-light.
• As of the latest report, Garuda's order book stood at ₹1,40,827.44 lakhs, indicating strong future revenue potential from ongoing and upcoming projects across various regions.
• Asset Management and Cost Efficiency: By employing third-party vendors for equipment, Garuda strategically keeps its asset base light, which enhances cost efficiency and minimizes operational disruptions, contributing to its financial stability.

Weakness

• Garuda Construction has experienced negative cash flows from operations in recent periods, totaling (-₹192.64 lakhs) as of November 30, 2023, which could hinder financial stability and operations.
• Venturing into new markets with 64.61% of ongoing projects with unrelated entities exposes Garuda to risks of non-performance, project delays, and potential financial losses.