GMR Airports Ltd

GMR Airports Ltd

₹ 100 -1.68%
08 Jun - close price
About

GMR Infrastructure is mainly engaged in development, maintenance and operation of airports, generation of power, coal mining and exploration activities, development of highways, development, maintenance and operation of special economic zones, and construction business including Engineering, Procurement and Construction (EPC) contracting activities.(Source : 201903 Annual Report Page No: 145)

Key Points

Leading Airports Platform
The company is the largest private airport operator in India, the largest in Asia, and the second-largest globally. It ranks 9th in terms of the number of airport assets under operation or in various stages of development. In FY25, it held 27.5% share of passenger traffic in India. [1][2]

  • Market Cap 1,05,959 Cr.
  • Current Price 100
  • High / Low 110 / 79.3
  • Stock P/E 682
  • Book Value 56.4
  • Dividend Yield 0.00 %
  • ROCE 2.04 %
  • ROE 0.27 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 42.8 to 16.8 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.44% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
28 150 65 197 297 202 282 271 508 478 945 1,239 1,581
58 69 19 117 199 114 168 150 149 368 706 895 906
Operating Profit -30 81 46 80 98 89 114 121 358 109 239 343 675
OPM % -105% 54% 70% 41% 33% 44% 40% 44% 71% 23% 25% 28% 43%
131 1 0 0 7 0 108 0 2 13 3 8 16
Interest 46 183 25 272 251 228 281 165 288 297 384 281 292
Depreciation 0 2 2 4 4 4 4 5 4 4 13 20 20
Profit before tax 56 -103 20 -195 -150 -143 -64 -49 68 -178 -155 50 379
Tax % 0% 2% 1% 1% 0% 2% -0% 1% 0% 0% -14% 0% -6%
56 -105 19 -197 -150 -146 -63 -49 68 -178 -133 50 403
EPS in Rs 0.09 -0.17 0.03 -0.33 -0.25 -0.24 -0.06 -0.05 0.06 -0.17 -0.13 0.05 0.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
650 1,239 1,180 742 763 803 0 39 623 822 1,263 4,242
200 222 451 811 845 710 32 44 372 475 582 2,876
Operating Profit 450 1,018 728 -69 -82 93 -32 -5 251 347 682 1,366
OPM % 69% 82% 62% -9% -11% 12% -16,239% -13% 40% 42% 54% 32%
-243 -1,999 -3,652 322 -90 -631 -1,170 -166 -426 10 110 40
Interest 537 708 745 822 846 893 78 79 1,008 882 962 1,254
Depreciation 20 16 16 19 24 24 1 1 2 13 17 56
Profit before tax -351 -1,706 -3,684 -588 -1,042 -1,454 -1,282 -251 -1,184 -537 -188 96
Tax % 1% 1% 0% 0% -1% 2% 0% 23% -0% 1% 1% -48%
-353 -1,720 -3,684 -588 -1,034 -1,479 -1,282 -310 -1,183 -542 -191 142
EPS in Rs -0.67 -2.85 -6.10 -0.97 -1.71 -2.45 -2.12 -0.51 -1.96 -0.90 -0.18 0.13
Dividend Payout % -1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: %
3 Years: 90%
TTM: 236%
Compounded Profit Growth
10 Years: -6%
5 Years: 16%
3 Years: 32%
TTM: 152%
Stock Price CAGR
10 Years: 25%
5 Years: 33%
3 Years: 33%
1 Year: 16%
Return on Equity
10 Years: -2%
5 Years: -1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 436 604 604 604 604 604 604 604 945 945 1,056 1,056
Reserves 8,915 9,564 5,914 16,510 11,098 11,464 9,134 9,788 33,134 52,433 52,734 58,508
5,411 5,649 5,968 6,775 7,186 8,181 5,136 760 7,995 8,094 9,046 11,153
425 819 956 2,518 3,405 4,033 3,391 1,932 10,366 16,296 10,246 11,810
Total Liabilities 15,187 16,636 13,441 26,407 22,293 24,282 18,265 13,084 52,441 77,768 73,082 82,526
83 76 71 119 159 135 129 1 7 215 210 930
CWIP 0 0 0 21 0 0 0 0 46 7 2 20
Investments 9,126 9,055 9,824 22,620 12,239 15,117 13,805 12,614 47,850 74,491 69,613 77,380
5,978 7,505 3,545 3,647 9,895 9,030 4,332 469 4,537 3,055 3,258 4,196
Total Assets 15,187 16,636 13,441 26,407 22,293 24,282 18,265 13,084 52,441 77,768 73,082 82,526

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-112 -23 47 -170 452 -154 46 -25 2 -66 413 103
-370 -1,538 -9 -25 75 43 2,622 216 209 -1,203 -1,132 -230
877 1,498 -335 248 -591 123 -2,634 -233 2,112 -1,161 704 217
Net Cash Flow 394 -63 -298 53 -63 11 34 -42 2,323 -2,430 -16 90
Free Cash Flow -116 -32 16 -247 415 -151 36 -24 -40 -106 404 19
CFO/OP -18% 1% 8% 322% -567% -145% -138% 598% -27% -16% 60% 8%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 33 21 25 189 245 235 57 64 48 17
Inventory Days 50 212 37 37 100 0 221
Days Payable 1,763 709 323 404 559 249
Cash Conversion Cycle -1,630 33 -476 -262 -178 -215 235 57 64 48 -12
Working Capital Days -375 8 -102 -645 1,808 1,192 -217 -2,166 24 35 26
ROCE % 3% 7% 5% 2% 1% 2% -0% -0% 2% 1% 1% 2%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Delhi Airport Total Passenger Traffic
Million Passengers

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Hyderabad Airport Total Passenger Traffic
Million Passengers
Consolidated Group Cargo Volume
Million Tonnes
GMR Operated Indian Airports Market Share (Passenger Traffic)
%
Consolidated ATM movements (Passenger)
Thousands
Delhi Airport Aero Yield Per Pax
INR
Delhi Airport Rated Capacity
MPPA
Hyderabad Airport Rated Capacity
MPPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.07% 59.07% 59.07% 59.07% 59.07% 66.07% 66.07% 66.24% 66.24% 66.24% 66.24% 66.33%
28.15% 28.01% 27.38% 26.78% 25.98% 14.81% 14.86% 15.09% 15.74% 17.08% 18.96% 20.17%
4.43% 4.28% 5.22% 6.07% 5.74% 4.46% 4.32% 4.13% 4.45% 4.80% 4.59% 4.93%
8.36% 8.65% 8.34% 8.08% 9.21% 14.65% 14.74% 14.55% 13.56% 11.88% 10.19% 8.56%
No. of Shareholders 4,43,7084,61,9995,42,9606,93,4388,66,8518,53,8728,68,0228,56,7408,14,6557,61,8007,20,2056,94,272

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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