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GVK Power & Infrastructure Ltd

₹ 3.070.00%
07 Jan – close price
🔗gvk.com•BSE: 532708•NSE: GVKPIL
Market Cap₹ 485 Cr.
Current Price₹ 3.07
High / Low₹ 4.96
Stock P/Enull
Book Value₹ -1.16
Dividend Yield0.00 %
ROCE-0.08 %
ROE-0.12 %
Face Value₹ 1.00
Sales₹ 0.75 Cr.
OPM-1,38,888 %
Mar Cap₹ 485 Cr.

ABOUT

GVK Power & Infrastructure Limited is primarily engaged in the business of providing operation and maintenance services, manpower & consultancy services, and incidental services to owners of power plants, airports, and infrastructure companies.[1]

KEY POINTS

Business SegmentsEnergy- Combined Cycle Power Plant (gas/naphtha based), Thermal (coal based) and Hydro Power Projects.[1]Transportation- It currently operates the 542.4 lane Kms Jaipur - Kishangarh Expressway road project in Rajasthan.[2]As of FY23, the completion of the official term of the only revenue generating asset under the Transportation sector (Jaipur-Kishangarh Expressway), there is no possibility of reviving any project in Transportation sector. With the closure of business under Airport sector, bleak future in Energy and Transportation sectors coupled with practically no possibility of raising funds from the Lenders, management is unable to diversify into any other area of business.[3]

Also present in buckets:
Red Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4157.0035.57571732.320.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.644.981.32
2.Rail Vikas357.4065.5674435.520.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.806.400.52
3.NBCC116.0546.9131330.860.58156.6925.712910.2018.9933.1712751.715.04667.83153.5211.734.680.00
4.IRB Infra.Devl.42.3329.2125569.190.71140.8241.001751.0210.427.828024.6748.08875.41140.821.252.011.02
5.Kalpataru Proj.1173.7024.3119958.360.77237.3991.276528.5732.4315.9525498.998.25821.04240.052.882.360.69
6.KEC International717.0527.9519094.430.77160.7588.216091.5619.1317.9823335.947.26683.11160.753.382.750.94
7.Ircon Intl.177.4227.7716682.861.49136.51-32.681976.75-19.2311.609787.967.43600.65138.652.583.740.80
8.GVK Power Infra.3.07–484.820.00-0.16-194.120.00-100.00-0.080.75-138888.00-1039.08-0.16–-0.05–
–Median: 116 Co.132.9818.54526.960.09.2123.05149.5710.7318.3510.6712.7931.749.162.266.930.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
2.500.000.382.500.000.002.502.600.372.502.500.750.00
Expenses
1.762.020.803.701.371,039.182.5825.451.423.182.911.151.01
Operating Profit
0.74-2.02-0.42-1.20-1.37-1,039.18-0.08-22.85-1.05-0.68-0.41-0.40-1.01
Other Income
2.183.410.662.691.340.712.983.380.931.942.600.740.87
Profit before tax
2.871.360.221.46-0.05-1,038.482.92-19.49-0.131.222.160.33-0.16
Tax %
0.00%66.91%140.91%0.00%0.00%0.00%18.84%12.93%169.23%0.00%0.00%48.48%0.00%
Net Profit
2.870.45-0.091.46-0.05-1,038.482.37-22.01-0.351.222.160.17-0.16
EPS in Rs
0.020.00-0.000.01-0.00-6.580.02-0.14-0.000.010.010.00-0.00

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
27262728172323211010821
Expenses
78511061935490925935113451,042
Operating Profit
20-59-83-33-77-31-886-238-25-1-26-3-1,042
Other Income
321826-173767779328281243
Interest
58775352241213000000
Depreciation
0000000000000
Profit before tax
-6-118-110-258-2534-821-206577-150-1,039
Net Profit
-23-130-124-271-36114-828-206566-18-0-1,039
EPS in Rs
-0.15-0.82-0.78-1.72-0.230.72-5.24-1.310.350.04-0.11-0.00-6.58
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:7%
5 Years:15%
3 Years:%
TTM:-4746%

Compounded Sales Growth

10 Years:-25%
5 Years:-42%
3 Years:-47%
TTM:-78%

Return on Equity

10 Years:-9%
5 Years:-5%
3 Years:-1%
Last Year:0%

Stock Price CAGR

10 Years:-10%
5 Years:-1%
3 Years:-1%
1 Year:-34%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
158158158158158158158158158158158158158
Reserves
2,3212,1911,8801,6091,5731,687859653709715697697-342
Borrowings
530779351341543510482705368366364364364
Other Liabilities
10121391511818776371,3351,3271,4206471
Total Liabilities
3,0193,1392,5282,2602,4552,4431,5741,5532,5702,5662,6401,283251
Fixed Assets
1110011110000
Gross Block
1.821.820.790.760.761.441.451.481.670.940.480.48–
Accumulated Depreciation
0.731.030.160.280.410.520.730.921.040.480.250.31–
CWIP
0000000000000
Investments
1,4061,4811,8942,1522,3562,3641,5388872,3822,4152,4611,033193
Other Assets
1,6121,65863310799783566618715017825059
Total Assets
3,0193,1392,5282,2602,4552,4431,5741,5532,5702,5662,6401,283251

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
605373454186613-2-67-1
Cash from Investing Activity
-110-185-641-25159-30-2162719-17-31
Cash from Financing Activity
5017219-36197-77-3620415-3-120
Net Cash Flow
-0-8-8-10-0-004010-11-12

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
5052981192956126362438363165277
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
5052981192956126362438363165277
Working Capital Days
4,6534981,274-4,901-12,874-8,115-8,224-1,083-56,242-57,620-77,952-44,559
ROCE %
2%-1%-2%1%-0%2%-42%-14%1%0%-2%-0%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%54.25%
FIIs
0.28%0.30%0.30%0.36%0.52%0.85%0.85%0.53%0.19%0.05%0.03%0.03%
DIIs
0.52%0.48%0.48%0.48%0.48%0.48%0.48%0.49%0.49%0.49%0.46%0.42%
Public
44.94%44.96%44.95%44.89%44.73%44.40%44.41%44.71%45.06%45.20%45.25%45.28%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

GVK Power & Infra Confirms Not a Large Corporate as per SEBI Norms, Reports Nil Borrowing

15th April 2026, 9:08 pm

GVK Power & Infrastructure Ltd Files Quarterly SEBI Disclosure on Securities

14th April 2026, 5:41 pm

GVK PIL Announces Trading Window Closure from April 1, 2026

27th March 2026, 6:20 pm

GVK Power & Infrastructure Ltd Publishes Unaudited Financial Results

16th February 2026, 5:05 pm

GVK Power & Infrastructure Ltd. Q3 FY26 Results: Auditors Disclaim Conclusion on Going Concern Amidst CIRP, Massive Accumulated Losses, and Pervasive Legal Uncertainties

13th February 2026, 7:21 pm

Published by Other Websites

External media mentions & references

Adani, JSW, Vedanta Join Intense Bidding for Rare Hydro Power Asset! Bids Soar Past Rs 3000 Crore!

5th December 2025, 12:49 pm

GVK Power & Infrastructure Schedules 31st AGM for September 30, 2025, Reports Financials

8th September 2025, 2:41 pm

GVK Power & Infrastructure Schedules 31st AGM for September 30, 2025, Amidst Insolvency Process

8th September 2025, 2:05 pm

GVK Power Auditors Question Survival Amidst ₹1 Lakh Crore Loss

News Articles

Editorial & research coverage

Adani, JSW, Vedanta Join Intense Bidding for Rare Hydro Power Asset! Bids Soar Past Rs 3000 Crore!
Adani, JSW, Vedanta Join Intense Bidding for Rare Hydro Power Asset! Bids Soar Past Rs 3000 Crore!

5th December 2025, 12:49 pm

GVK Power Auditors Question Survival Amidst ₹1 Lakh Crore Loss
GVK Power Auditors Question Survival Amidst ₹1 Lakh Crore Loss

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication
Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2025
Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

11 Nov 2025 - 22nd COC meeting of GVK Power under CIRP on 12 Nov 2025 at 3:30 PM IST.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

23 Mar 2021 from care

Rating update

31 Mar 2020 from care

Rating update

17 Dec 2018 from care

Rating update

19 Mar 2018 from care

Concalls

No concalls.

Stock Analysis

Description

  1. GVK Power & Infrastructure Limited is primarily engaged in providing operation and maintenance services, manpower, and consultancy services to owners of power plants, airports, and infrastructure companies.

Key Growth Triggers

  1. Currently no positive growth triggers are apparent due to the company's ongoing Corporate Insolvency Resolution Process (CIRP) and severe financial distress. Past business segments included energy, transportation, and hospitality, but current operations are significantly hampered.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Company is undergoing Corporate Insolvency Resolution Process (CIRP) and its subsidiary GVK Energy also admitted into CIRP.
  2. Auditors have issued 'Disclaimer of Conclusion' on both standalone and consolidated financial results for multiple periods, citing doubts about the going concern status due to accumulated losses, liabilities exceeding assets, defaults, extensive litigations, and substantial contingent liabilities.
  3. Significant net losses reported for Q1 FY26 (₹7,377.36 crore consolidated) and Q2/H1 FY26 (₹7,37,856 lakh consolidated), with a widening standalone net loss for Q2 FY26.
  4. Negative book value, poor historical financial performance (e.g., negative ROCE, ROE), and a bleak future outlook for energy and transportation sectors.
  5. Management is unable to diversify into other business areas due to financial constraints and inability to raise funds.

Key Dates To Watch

  1. Board meetings held for Q1 FY26 (Aug 13, 2025) and Q2/H1 FY26 (Nov 14, 2025) results.
  2. 31st Annual General Meeting (AGM) convened on September 30, 2025.
  3. Trading windows were closed periodically around these announcements.
  4. Committee of Creditors (COC) meeting held on November 12, 2025.
  5. Routine quarterly disclosure for Q3 FY26 (ended Dec 31, 2025) filed on January 5, 2026.

Corporate Announcements

15th Apr 26
Impact Rating: 5
GVK Power & Infrastructure Limited has filed an initial disclosure stating it is not classified as a 'Large Corporate' by SEBI, with outstanding borrowing reported as nil.
14th Apr 26
Impact Rating: 3
GVK Power & Infrastructure Ltd has formally submitted its quarterly disclosure requirements under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The certificate pertains to the quarter ended March 31, 2026.
27th Mar 26
Impact Rating: 3
As per SEBI regulations, GVK PIL will enforce a trading window closure for insiders starting April 1, 2026. This restriction remains active for 48 hours following the release of the company's financial results for the fourth quarter and full fiscal year ended March 31, 2026.
16th Feb 26
Impact Rating: -
No description available.
13th Feb 26
Impact Rating: 9
GVK Power & Infrastructure Ltd. announced Q3 FY26 results, highlighting a critical financial situation. The company is undergoing Corporate Insolvency Resolution Process (CIRP), facing substantial accumulated losses, widespread defaults, and significant litigation. Auditors issued a disclaimer, questioning the going concern basis.