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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Gammon India's Debt-to-Equity or its related term are showing as below:
NSE:GAMMONIND'
s Debt-to-Equity Range Over the Past 10 Years
Min: -21.1 Med: -0.74 Max: -0.01
Current: -0.01
During the past 13 years, the highest Debt-to-Equity Ratio of Gammon India was -0.01. The lowest was -21.10. And the median was -0.74.
NSE:GAMMONIND's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.4
vs NSE:GAMMONIND: -0.01
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Gammon India Debt-to-Equity Related Terms
Gammon India Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Gammon India's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:GAMMONIND vs PWR, J: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Gammon India's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gammon India Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Gammon India's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Gammon India's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Gammon India (NSE:GAMMONIND) has a Debt-to-Equity of -0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Gammon India and its competitors.
Is Gammon India's Debt-to-Equity too high?
Gammon India's current Debt-to-Equity is -0.01.
How does Gammon India's Debt-to-Equity compare to PWR and J?
Gammon India's Debt-to-Equity of -0.01 can be compared against companies in the Construction industry. The industry median Debt-to-Equity is 0.40. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,618 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Gammon India and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gammon India's current Debt-to-Equity is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gammon India stock overvalued right now?
Gammon India (NSE:GAMMONIND) has a current Debt-to-Equity of -0.01. The current Debt-to-Equity is -0.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Gammon India (NSE:GAMMONIND), the current Debt-to-Equity is -0.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Gammon India Ltd is engaged in the engineering, procurement, and construction of steam and power generation boilers, water and waste treatment, and flameless combustion technology for the oil and gas, power, and industrial sectors. It undertakes EPC projects including highways, water pipelines, and residential and commercial buildings. Its operations include construction, engineering, designing, material supply, installation, development, project management, and maintenance. The company's operating segments are Real Estate Development and Construction and Engineering, with maximum revenue from the Construction and Engineering segment, and a majority of revenue generated in India.
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