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 ₹ 93,310 Cr.
- Current Price ₹ 88.4
- High / Low ₹ 104 / 67.8
- Stock P/E
- Book Value ₹ -1.61
- Dividend Yield 0.00 %
- ROCE 6.41 %
- ROE %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.1,245 Cr.
* 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
Sector: Miscellaneous Industry: Miscellaneous
Part of BSE 500 BSE Capital Goods BSE 200 Nifty 500 BSE MidCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9,975 | 10,653 | 11,088 | 8,261 | 9,557 | 8,556 | 7,411 | 8,395 | 3,566 | 4,601 | 6,674 | 8,755 | 9,998 | |
9,026 | 8,097 | 8,533 | 7,804 | 6,394 | 6,999 | 5,958 | 6,217 | 2,661 | 2,495 | 4,947 | 5,783 | 6,434 | |
Operating Profit | 948 | 2,556 | 2,555 | 457 | 3,163 | 1,558 | 1,453 | 2,178 | 905 | 2,106 | 1,727 | 2,972 | 3,564 |
OPM % | 10% | 24% | 23% | 6% | 33% | 18% | 20% | 26% | 25% | 46% | 26% | 34% | 36% |
2,583 | 2,145 | 23 | 369 | 381 | 718 | -1,228 | 144 | -1,930 | -341 | 923 | 788 | 1,245 | |
Interest | 2,099 | 2,972 | 3,572 | 2,196 | 2,128 | 2,316 | 2,684 | 3,545 | 1,803 | 2,019 | 2,338 | 2,929 | 3,572 |
Depreciation | 1,040 | 1,455 | 1,813 | 1,197 | 1,019 | 1,028 | 984 | 1,064 | 886 | 889 | 1,038 | 1,466 | 1,824 |
Profit before tax | 393 | 275 | -2,806 | -2,568 | 397 | -1,069 | -3,444 | -2,287 | -3,714 | -1,144 | -727 | -635 | -588 |
Tax % | 66% | 61% | 5% | 7% | 187% | 4% | -3% | -4% | -8% | -1% | 16% | 30% | |
135 | 108 | -2,972 | -2,749 | -347 | -1,115 | -3,356 | -2,202 | -3,428 | -1,131 | -840 | -828 | -732 | |
EPS in Rs | 0.19 | 0.02 | -5.16 | -4.49 | -0.94 | -2.26 | -5.93 | -4.02 | -4.63 | -1.70 | -0.30 | -0.93 | -0.45 |
Dividend Payout % | 44% | 389% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | 3% |
3 Years: | 35% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 21% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 41% |
3 Years: | 34% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 389 | 389 | 436 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 1,056 |
Reserves | 6,889 | 6,095 | 5,337 | 4,387 | 4,739 | 2,842 | -1,057 | -3,062 | -2,322 | -1,421 | -1,396 | -2,768 | -2,755 |
42,349 | 47,333 | 49,929 | 39,444 | 21,484 | 23,441 | 27,580 | 34,442 | 36,864 | 26,633 | 32,157 | 35,905 | 35,882 | |
14,134 | 11,280 | 11,091 | 14,708 | 10,026 | 11,012 | 12,949 | 14,319 | 14,697 | 11,272 | 12,557 | 14,748 | 14,238 | |
Total Liabilities | 63,762 | 65,097 | 66,794 | 59,143 | 36,852 | 37,898 | 40,075 | 46,302 | 49,843 | 37,087 | 43,921 | 48,489 | 48,422 |
27,335 | 33,639 | 34,183 | 34,513 | 15,773 | 15,643 | 16,080 | 16,178 | 12,772 | 10,325 | 15,157 | 28,737 | 28,252 | |
CWIP | 19,178 | 15,734 | 17,247 | 2,155 | 239 | 589 | 858 | 3,811 | 6,622 | 10,176 | 11,175 | 1,674 | 2,865 |
Investments | 283 | 880 | 1,413 | 6,545 | 12,422 | 12,871 | 10,115 | 10,119 | 9,674 | 3,798 | 4,478 | 4,425 | 4,734 |
16,965 | 14,845 | 13,951 | 15,930 | 8,417 | 8,795 | 13,022 | 16,194 | 20,775 | 12,788 | 13,111 | 13,653 | 12,571 | |
Total Assets | 63,762 | 65,097 | 66,794 | 59,143 | 36,852 | 37,898 | 40,075 | 46,302 | 49,843 | 37,087 | 43,921 | 48,489 | 48,422 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,178 | 2,590 | 2,915 | 3,498 | 4,504 | 2,347 | 2,052 | 1,376 | 3 | 3,256 | 2,199 | 3,880 | |
-8,490 | -5,512 | -3,159 | -1,660 | 1,485 | -962 | -3,605 | -987 | 2,434 | -2,043 | -2,310 | -5,792 | |
5,910 | 634 | 448 | -2,018 | -5,727 | -1,191 | 816 | 1,617 | -1,056 | -3,894 | 1,731 | 467 | |
Net Cash Flow | 598 | -2,289 | 204 | -180 | 263 | 194 | -737 | 2,005 | 1,382 | -2,681 | 1,620 | -1,445 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 62 | 55 | 53 | 68 | 66 | 75 | 71 | 62 | 117 | 30 | 20 | 20 |
Inventory Days | 58 | 120 | 104 | 82 | 33 | 20 | 37 | 56 | ||||
Days Payable | 319 | 588 | 694 | 466 | 366 | 372 | 639 | 605 | ||||
Cash Conversion Cycle | -199 | -414 | -536 | -316 | -266 | -277 | -531 | -488 | 117 | 30 | 20 | 20 |
Working Capital Days | -326 | -257 | -299 | -303 | -128 | -180 | -256 | -426 | -317 | -196 | -162 | -173 |
ROCE % | 3% | 3% | 2% | -1% | 7% | 4% | 5% | 6% | 1% | 5% | 4% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
14h - GHIAL to acquire 70% stake in EGLPPL for Rs. 41.33 Cr, making it a wholly owned subsidiary.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Conference Call with Investors/Analysts under the SEBI (LODR), Regulations, 2015
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Board Meeting Intimation for To Inter-Alia, Consider And Approve The Audited Financial Results Of The Company (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2025
17 May - Board meeting on May 22, 2025 to approve audited financial results for FY ended March 31, 2025.
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SEBI (LODR) Regulations, 2015 - Monthly Traffic Updates
17 May - GMR Airports reports April 2025 and FY25 traffic growth, record passenger volumes, new routes, and awards.
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Announcement under Regulation 30 (LODR)-Restructuring
17 May - DIAL sold 50% stake in non-operational DASPL to BFS for INR 12.79 Cr.
Annual reports
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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
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Financial Year 2011
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Concalls
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Feb 2025TranscriptPPTREC
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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 FY24, it held a 27% share of passenger traffic in India. [1] [2]