Gannon Dunkerley and Company Ltd
Century-old Mumbai EPC contractor with ₹750–1,000 Cr of revenue on only 27 lakh shares, quoted by dealers at ₹1,266.
Market cap
₹312.66 Cr
0.27 Cr shares
P/E ratio
26.06
Sector average 22
Book value
₹1,024.81
P/B 1.13
1-year return
+0.00%
52w ₹1,158 – ₹1,266
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹1,158 → ₹1,158
52-week band in this window: ₹1,158.00 – ₹1,158.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Incorporated 1924; civil, industrial, water, rail and metro EPC plus a railway sleeper plant at Rayagada.
- FY25 revenue ₹750–1,000 Cr on 27 lakh shares of ₹10; borrowings reduced 14%.
- Altius quote ₹1,050 bid / ₹1,266 ask; market value about ₹342 Cr.
About Gannon Dunkerley
Gannon Dunkerley and Company Limited was incorporated on 11 March 1924 and is one of India's oldest construction firms. It executes large engineering, procurement and construction contracts — civil and industrial structures, irrigation and hydro projects, water-treatment plants on a turnkey basis, highways, railways, bridges, flyovers and metro work — and runs a pre-stressed concrete sleeper plant at Rayagada, Odisha for the railways.
The Mehta family (Parag C. Mehta) controls the company, which has a paid-up capital of ₹2.7 Cr — about 27 lakh shares of ₹10 — so every ₹10 Cr of profit is roughly ₹37 of earnings per share. FY25 revenue was in the ₹750–1,000 Cr band but fell about 12% year on year while EBITDA nearly halved, according to registry summaries.
The figures below are estimates built around those disclosures: revenue of roughly ₹840 Cr in FY25 after ₹950 Cr in FY24, with margins compressing. Net worth is put at about ₹280 Cr, so the ₹1,266 quote is close to book value.
Figures preliminary; verify from MCA filings. The FY24 annual report circulates on dealer sites; FY25 line items here are reconstructed and should be checked against the AOC-4.
Where the revenue comes from
- Civil & industrial construction55%
Factories, plants, buildings and industrial structures
- Infrastructure — roads, rail, metro, bridges30%
Highways, flyovers, railway and metro works
- Water & irrigation10%
Turnkey water-treatment plants, irrigation and hydro
- Concrete sleepers5%
Pre-stressed concrete sleeper factory at Rayagada, Odisha
Products & services
Civil & industrial EPC
Turnkey construction of plants, factories and industrial units.
Transport infrastructure
Highways, bridges, flyovers, railway and metro works.
Water & irrigation
Water-treatment plants, irrigation canals and hydroelectric civil works.
Concrete sleepers
Pre-stressed concrete railway sleepers from the Rayagada factory.
What works
- • Hundred-year track record with pre-qualifications across civil, industrial, water, rail and metro work.
- • Small share count and a low-leverage balance sheet (borrowings down 14% in FY25) give a book value near the dealer price.
- • Captive sleeper factory at Rayagada adds a recurring product line alongside contracting.
What to watch
- • FY25 revenue fell about 12% and EBITDA about 47%; contracting margins are thin and volatile.
- • Working-capital-heavy business exposed to client payment delays and retention money on government projects.
- • Family-controlled unlisted company: disclosure is limited to the annual report and dealers set the price (bid ₹1,050 / ask ₹1,266).
- • FY25 line items on this page are estimates until the audited accounts are read.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Gannon DunkerleyThis page | ₹1,158.00 | ₹312.66 Cr | 26.06 | 1.13 | +1.03% |
| BVG India | ₹469.00 | ₹6,078 Cr | 32.75 | 4.45 | +15.72% |
Latest reported year: FY25 ending 31 Mar 2025.