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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comGaruda Construction and Engineering Ltd, a dynamic player in the infrastructure and civil engineering sector, has been gaining investor attention with its steady growth and strong fundamentals. As of May 17, 2025, Garuda’s share price stands at ₹106.57, with a market capitalization of ₹994 crore. In this article, we’ll explore the current market performance, shareholding pattern, and projected share price targets for Garuda Construction from 2025 to 2030.
Let’s begin by analyzing the latest market metrics for Garuda Construction and Engineering Ltd:
Open Price: ₹106.57
Previous Close: ₹105.74
Volume: 435,765 shares
Value (Lacs): ₹465.96
VWAP (Volume Weighted Average Price): ₹106.69
Beta: 1.84
Market Capitalization: ₹994 Crore
High: ₹107.95
Low: ₹105.36
Upper Circuit Limit: ₹126.88
Lower Circuit Limit: ₹84.59
52-Week High: ₹153.70
52-Week Low: ₹77.05
Face Value: ₹5
All-Time High: ₹153.70
All-Time Low: ₹77.05
Garuda’s current trading range shows a moderate recovery from its 52-week low, with momentum supported by a strong beta of 1.84 — indicating higher volatility and potential for price swings. Its market cap of ₹994 crore reflects its mid-cap positioning, and the current VWAP of ₹106.69 suggests short-term stability.
Understanding the ownership structure of the company helps assess investor confidence and long-term stability:
Promoters: 67.56%
Retail and Others: 26.97%
Foreign Institutional Investors (FII): 4.53%
Mutual Funds: 0.93%
A high promoter holding of 67.56% indicates strong internal belief in the company’s future. Retail investors own a significant portion, which can lead to increased liquidity. FII and mutual fund presence, although small, reflects institutional confidence.
Based on Garuda’s financial standing, sectoral demand, and historical performance, here are the projected share price targets for the next six years:
| Year | Share Price Target (₹) |
|---|---|
| 2025 | ₹106.00 – ₹126.88 |
| 2026 | ₹126.88 – ₹145.00 |
| 2027 | ₹145.00 – ₹160.00 |
| 2028 | ₹160.00 – ₹175.00 |
| 2029 | ₹175.00 – ₹190.00 |
| 2030 | ₹190.00 – ₹210.00 |
The 2025 target reflects consolidation and modest growth after market corrections. Contributing factors include:
Ongoing government infrastructure investments.
Project wins in highways, bridges, and metro systems.
Improved execution capabilities and better cost controls.
By 2026, Garuda is expected to benefit from a robust order book and improved profit margins, driven by:
Increased participation in public-private partnership (PPP) projects.
Enhanced machinery utilization and workforce efficiency.
Entry into smart city and urban redevelopment projects.
Steady growth in 2027 will likely result from:
Diversification into new regions across India.
Growth in residential and commercial construction contracts.
Positive investor sentiment due to consistent quarterly performance.
In 2028, Garuda may reach a new high, supported by:
Expansion into overseas markets in Southeast Asia.
Adoption of green construction technologies and sustainable practices.
Joint ventures with global engineering firms.
Growth in 2029 could stem from:
Repeat business from government agencies and private developers.
A strong balance sheet, reduced debt, and improved cash flow.
Favorable government policies for the construction sector.
Garuda may achieve a long-term milestone by 2030, with stock prices crossing ₹200 due to:
Consistent financial performance and dividend payouts.
Recognition as a leading EPC (Engineering, Procurement, and Construction) company in India.
Robust investor trust and strong ESG (Environmental, Social, and Governance) credentials.
Several underlying factors may fuel Garuda’s upward trajectory:
Infrastructure Push: Massive investments under schemes like Bharatmala, AMRUT, and Smart Cities Mission.
High Promoter Confidence: With over 67% promoter holding, long-term value creation is a priority.
Urbanization Trends: Increased demand for housing, roads, and industrial spaces.
Policy Support: Government incentives and project approvals to accelerate development.
Despite promising prospects, investors should be aware of possible risks:
Raw Material Price Fluctuations: Steel, cement, and fuel costs can affect margins.
Project Execution Delays: Legal or land acquisition issues could slow project timelines.
Economic Slowdown: A decline in infrastructure spending may affect order inflows.
High Beta: Volatility in stock movement may deter conservative investors.
The projected target for 2025 ranges from ₹106.00 to ₹126.88, aligned with circuit limits and current trading range.
Yes, Garuda Construction shows promise due to its strong promoter backing, diversified project pipeline, and sector tailwinds.
Promoters hold a dominant 67.56% stake, reflecting high confidence in the company’s growth potential.
Major risks include execution delays, commodity price inflation, and high stock volatility (beta of 1.84).
Garuda Construction and Engineering Ltd is positioned well in India’s growing infrastructure landscape. With strong promoter backing, expanding order book, and improving operational metrics, the company holds potential for consistent value generation over the next five years. While the road ahead includes challenges like execution risk and market fluctuations, Garuda’s fundamentals make it a promising stock for long-term investors looking to tap into India’s infrastructure growth story.
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