Gammon India Ltd
About
Gammon India is a construction company dealing with areas like infrastructure management, transmission lines, and the power sector. It has designed and constructed bridges, dams, ports, international airports, highways, thermal nuclear power stations, high-rise structures, and more. It designs, operates, and constructs modern bridges, viaducts, and metro rail on a contract execution basis as well as a Build-Operate-Transfer (BOT) basis. It is known for its underwater concreting, reinforced and prestressed concrete, and long-span bridges. The Sharjah International Airport in UAE, Hotel Leela Palace in Chennai, and Godrej Kalyan in Mumbai are some of the projects undertaken by Gammon. Under the leadership of Ajit Desai, Gammon India is present in 121 countries, such as South Africa, Italy, Mexico, Portugal, and Bhutan.
Featured In Fortune India Ranking
Financial Data 2023
Financial Data
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 517 1134.6% | 42 -76.1% | 175 -21.3% | 223 -79.8% | 1101 5.9% | 1040 -40.1% | 1735 -77.3% | 7628 98.8% | 3836 -15.3% | 7935 -6.0% | 4528 -42.9% | 8445 4.0% | 8121 4.3% | 7785 49.6% | 5205 - |
| Net Operating Income (INR Cr) | 115 313.11% | 28 -48.92% | 55 -36.88% | 86 -91.22% | 984 35.47% | 727 -56.43% | 1668 -79.11% | 7982 107.72% | 3843 -21.08% | 7494 -8.03% | 4869 -35.03% | 8149 -7.41% | 8801 25.83% | 6994 36.73% | 5115 95.85% |
| Profit (INR Cr) | -926 - | -1168 - | -782 - | -630 - | -1210 - | -1551 - | -1086 - | -779 - | -729 - | -850 - | -762 - | -105 - | 110 140.7% | 46 -18.9% | 56 - |
| Assets (INR Cr) | -7791 -33.1% | -5856 -29.4% | -4524 -467.2% | 1232 -40.3% | 2065 -45.1% | 3759 -60.3% | 9458 -18.4% | 11587 -25.9% | 15642 23.4% | 12596 3.2% | 12681 0.7% | 12209 20.4% | 10144 33.4% | 7603 21.7% | 6246 - |
| Net Worth (INR Cr) | -8168 -25.7% | -6497 -25.6% | -5174 -20.0% | -4311 -27.7% | -3375 -55.8% | -2167 -442.4% | -400 -281.1% | 221 151.0% | -433 -407.8% | 974 -48.6% | 141 -85.6% | 1894 -0.4% | 1900 2.4% | 1856 39.3% | 1332 13.3% |
| Employee Cost (INR Cr) | 10 10.3% | 9 7.7% | 8 -7.7% | 9 -69.4% | 29 -26.0% | 39 -75.2% | 155 -76.5% | 661 53.7% | 430 -25.6% | 969 0.0% | 578 -40.4% | 969 8.2% | 895 15.2% | 777 59.1% | 489 - |
| Interest Cost (INR Cr) | 967 | 873 | 753 | 695 | 687 | 786 | 875 | 1757 | 699 | 896 | 721 | 705 | 509 | 436 | 281 |
| Cash & Bank Balance (INR Cr) | 7 | 16 | 14 | 12 | 13 | 38 | 116 | 586 | 279 | 461 | 249 | 747 | 571 | 555 | 611 |
| Total Debt (INR Cr) | 256 | 572 | 572 | 5430 | 5329 | 5750 | 8149 | 9477 | 11061 | 10269 | 11086 | 9103 | 7124 | 5255 | 4327 |
Key Financial Ratios
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - | - | - | - | 1.4% | 0.6% | 1.1% |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - | - | - | - | 1.1% | 0.6% | 0.9% |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | - | - | 5.8% | 2.5% | 4.2% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | 135.0% | 361.9% | 367.5% | - | 99.7% | 109.6% | 64.6% | 67.9% |
| Debt to Equity Ratio | - | - | - | - | - | - | - | 42.95 | - | 10.54 | 78.84 | 4.81 | 3.75 | 2.83 | 3.25 |
| RONW | - | - | - | - | - | - | - | - | - | - | - | - | 5.7% | 1.4% | 2.5% |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 9.1% | 8.4% | 8.5% |