GMR Airports Ltd
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)
- Market Cap ₹ 1,12,242 Cr.
- Current Price ₹ 106
- High / Low ₹ 116 / 84.0
- Stock P/E 723
- 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.
- Promoter holding has increased by 0.83% over last quarter.
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.
Peer comparison
Services Services Transport Infrastructure Airport & Airport services
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 24% |
| 5 Years: | 32% |
| 3 Years: | 25% |
| 1 Year: | 19% |
| 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Passenger Traffic (GAL Operated Airports) million passengers |
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| Aircraft Movements (ATMs) - GAL Operated thousand ATMs |
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| Cargo Volume million metric tonnes |
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| Share of India's Passenger Traffic % of India traffic |
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| Aero Yield Per Passenger (YPP) INR per passenger |
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| Non-Aero Income Per Passenger (IPP) INR per passenger |
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| Passenger Capacity (Rated) million passengers per annum |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation for participating in meetings with the Institutional Investors
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Earnings call with investors/analysts scheduled for August 13, 2026, to discuss Q1 FY2027 results.
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2026, Enabling Resolution For Raising Of Funds And Issuance Of Non-Convertible Bonds For The Purpose Of Re-Financing
- Board meets August 12, 2026 to approve Q1 results and fundraise up to ₹5,000 crore, plus ₹1,500 crore bonds.
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Announcement under Regulation 30 (LODR)-Acquisition
- GMR Airports to buy up to 49% of TGAAPL for up to ₹16.59 crore.
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Update On Tariff Matter
- AERA issued ad-hoc tariff order for Bhogapuram Airport until April 2027-March 2032 regular tariff.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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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]