GMR Airports Infrastructure Ltd

GMR Airports Inf Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GMR Airports Infrastructure Ltd

₹ 82.4 0.12%
24 Apr - close price
gmrgroup.in BSE: 532754 NSE : GMRINFRA
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

History[1] The company was incorporated in May 1996 in Andhra Pradesh, and was earlier called Varalakshmi Vasavi Power Projects. The name was changed to GMR Vasavi Infrastructure Finance in 1999, and later to GMR Infrastructure in 2000.

Website BSE NSE
  • Market Cap ₹ 49,785 Cr.
  • Current Price ₹ 82.4
  • High / Low ₹ 94.4 / 40.0
  • Stock P/E
  • Book Value ₹ 39.4
  • Dividend Yield 0.00 %
  • ROCE 0.03 %
  • ROE -0.69 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 157 to 78.4 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -32.8% over past five years.
  • Company has a low return on equity of -4.52% over last 3 years.
  • Promoters have pledged 58.2% of their holding.
  • Earnings include an other income of Rs.149 Cr.
  • Promoter holding has decreased over last 3 years: -3.54%

* 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: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4 1 2 0 9 28 23 22 28 28 67 65 105
427 410 7 8 5 24 20 18 24 58 19 19 24
Operating Profit -422 -409 -5 -7 4 4 3 3 4 -30 47 46 81
OPM % -9,774% -36,823% -311% -2,077% 40% 14% 14% 16% 16% -105% 71% 70% 77%
5 24 31 509 -690 -16 0 4 9 131 18 0 -1
Interest 11 18 12 19 19 28 25 23 23 46 55 25 113
Depreciation 0 0 0 0 0 0 0 0 0 0 1 2 2
Profit before tax -429 -403 13 482 -706 -40 -21 -16 -10 56 9 20 -35
Tax % 0% 0% 0% 0% 0% -147% 0% 0% 0% 0% 0% 1% 0%
-429 -403 13 482 -706 -99 -21 -16 -10 56 9 19 -35
EPS in Rs -0.71 -0.67 0.02 0.80 -1.17 -0.16 -0.04 -0.03 -0.02 0.09 0.02 0.03 -0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,382 1,433 786 650 1,239 1,180 742 763 803 0 39 102 265
1,084 1,072 525 200 222 451 811 845 710 32 44 120 121
Operating Profit 297 361 261 450 1,018 728 -69 -82 93 -32 -5 -18 144
OPM % 22% 25% 33% 69% 82% 62% -9% -11% 12% -16,239% -13% -18% 54%
48 104 344 -243 -1,999 -3,652 322 -90 -631 -1,170 -166 145 149
Interest 197 374 409 537 708 745 822 846 893 78 79 116 238
Depreciation 8 8 8 20 16 16 19 24 24 1 1 0 5
Profit before tax 141 82 188 -351 -1,706 -3,684 -588 -1,042 -1,454 -1,282 -251 10 50
Tax % 15% 35% 12% -1% -1% -0% -0% 1% -2% 0% -23% 0%
120 53 166 -353 -1,720 -3,684 -588 -1,034 -1,479 -1,282 -310 10 50
EPS in Rs 0.25 0.11 0.35 -0.67 -2.85 -6.10 -0.97 -1.71 -2.45 -2.12 -0.51 0.02 0.08
Dividend Payout % 0% 73% 23% -1% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -23%
5 Years: -33%
3 Years: -50%
TTM: 160%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 21%
TTM: 56%
Stock Price CAGR
10 Years: 13%
5 Years: 39%
3 Years: 57%
1 Year: 84%
Return on Equity
10 Years: -3%
5 Years: -4%
3 Years: -5%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 389 389 389 436 604 604 604 604 604 604 604 604 604
Reserves 6,838 6,796 6,875 8,773 9,564 5,914 16,510 11,098 11,464 9,134 9,788 21,319 23,150
Preference Capital 0 0 1,137 1,137 0 0 0 0 0 0 0 0
2,960 4,237 5,221 4,274 5,649 5,968 6,775 7,186 8,181 5,136 760 2,960 2,951
603 727 1,837 1,703 819 956 2,518 3,405 4,033 3,391 1,932 5,550 6,336
Total Liabilities 10,790 12,150 14,322 15,187 16,636 13,441 26,407 22,293 24,282 18,265 13,084 30,433 33,040
101 109 104 83 76 71 119 159 135 129 1 1 26
CWIP 2 0 0 0 0 0 21 0 0 0 0 0 0
Investments 6,904 6,914 9,535 9,126 9,055 9,824 22,620 12,239 15,117 13,805 12,614 26,956 29,415
3,783 5,128 4,683 5,978 7,505 3,545 3,647 9,895 9,030 4,332 469 3,475 3,599
Total Assets 10,790 12,150 14,322 15,187 16,636 13,441 26,407 22,293 24,282 18,265 13,084 30,433 33,040

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-120 -114 158 -112 -23 47 -170 452 -154 46 -25 132
-404 -811 -1,874 -370 -1,538 -9 -25 75 43 2,622 216 -425
326 923 1,516 877 1,498 -335 248 -591 123 -2,634 -233 2,735
Net Cash Flow -198 -2 -200 394 -63 -298 53 -63 11 34 -42 2,442

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 78 53 68 83 33 21 25 189 245 235 78
Inventory Days 35 110 361 50 212 37 37 100 0
Days Payable 188 205 820 1,763 709 323 404 559
Cash Conversion Cycle -75 -42 -392 -1,630 33 -476 -262 -178 -215 235 78
Working Capital Days 186 49 -145 -293 49 -68 -267 2,259 1,564 1,091 -784
ROCE % 3% 4% 2% 3% 7% 5% 2% 1% 2% -0% -0% 0%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.49% 60.50% 59.83% 58.90% 58.90% 58.90% 58.90% 59.00% 59.07% 59.07% 59.07% 59.07%
25.08% 26.91% 28.21% 27.66% 27.80% 27.85% 27.84% 28.36% 28.15% 28.01% 27.38% 26.78%
2.01% 2.27% 1.96% 2.45% 2.11% 3.91% 4.23% 4.11% 4.43% 4.28% 5.22% 6.07%
11.42% 10.32% 10.00% 10.99% 11.19% 9.36% 9.05% 8.54% 8.36% 8.65% 8.34% 8.08%
No. of Shareholders 3,92,3743,78,6494,27,6455,17,1674,99,4414,98,3284,77,7314,65,8864,43,7084,61,9995,42,9606,93,438

* 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.

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