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

₹ 59.5 2.74%
29 Sep 12:59 p.m.
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 ₹ 35,938 Cr.
  • Current Price ₹ 59.5
  • High / Low ₹ 66.8 / 34.1
  • Stock P/E
  • Book Value ₹ -1.31
  • Dividend Yield 0.00 %
  • ROCE 4.49 %
  • ROE %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 55.7 to 20.1 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.79% over past five years.
  • Promoters have pledged 71.0% of their holding.
  • Earnings include an other income of Rs.1,002 Cr.
  • Promoter holding has decreased over last 3 years: -6.45%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
1,134 1,294 836 1,556 919 1,126 1,364 1,284 1,439 1,752 1,766 1,890 2,018
1,165 1,155 1,505 1,874 722 630 649 749 1,015 1,279 1,236 1,635 1,265
Operating Profit -31 139 -669 -319 197 497 715 534 424 473 530 254 753
OPM % -3% 11% -80% -20% 21% 44% 52% 42% 29% 27% 30% 13% 37%
90 187 127 142 92 131 -483 82 223 178 455 118 251
Interest 781 841 417 390 447 519 524 528 516 561 591 672 594
Depreciation 263 276 203 201 204 211 214 260 218 255 267 301 296
Profit before tax -985 -790 -1,162 -768 -363 -103 -506 -171 -87 -165 127 -601 114
Tax % 15% 5% 4% 6% 12% -64% -2% 25% -30% -18% 18% -6% 85%
-834 -750 -1,121 -723 -318 -169 -515 -129 -113 -195 105 -637 17
EPS in Rs -1.38 -1.24 -1.86 -1.30 -0.42 -0.01 -1.04 -0.23 -0.23 0.34 0.32 -0.73 -0.05
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
8,473 9,975 10,653 11,088 8,261 9,557 8,556 7,411 8,395 3,566 4,601 6,693 7,426
6,900 9,026 8,097 8,533 7,804 6,394 6,999 5,958 6,217 2,661 2,495 4,949 5,416
Operating Profit 1,573 948 2,556 2,555 457 3,163 1,558 1,453 2,178 905 2,106 1,745 2,010
OPM % 19% 10% 24% 23% 6% 33% 18% 20% 26% 25% 46% 26% 27%
168 2,583 2,145 23 369 381 718 -1,228 144 -1,930 -341 915 1,002
Interest 1,653 2,099 2,972 3,572 2,196 2,128 2,316 2,684 3,545 1,803 2,019 2,343 2,419
Depreciation 936 1,040 1,455 1,813 1,197 1,019 1,028 984 1,064 886 889 1,042 1,118
Profit before tax -848 393 275 -2,806 -2,568 397 -1,069 -3,444 -2,287 -3,714 -1,144 -726 -525
Tax % -25% 66% 61% -5% -7% 187% -4% 3% 4% 8% 1% -16%
-1,059 135 108 -2,972 -2,749 -347 -1,115 -3,356 -2,202 -3,428 -1,131 -840 -710
EPS in Rs -1.28 0.19 0.02 -5.16 -4.49 -0.94 -2.26 -5.93 -4.02 -4.63 -1.70 -0.30 -0.12
Dividend Payout % 0% 44% 389% -0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -5%
3 Years: -7%
TTM: 42%
Compounded Profit Growth
10 Years: 4%
5 Years: 12%
3 Years: 23%
TTM: -518%
Stock Price CAGR
10 Years: 11%
5 Years: 31%
3 Years: 40%
1 Year: 63%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,369 389 2,682 2,557 604 604 981 609 609 610 604 604
Reserves 7,149 6,889 6,095 5,195 4,387 4,739 2,842 -1,057 -3,062 -2,322 -1,421 -1,396
36,077 42,349 45,041 47,808 39,444 21,484 23,063 27,575 34,436 36,858 26,633 32,157
12,576 14,134 13,572 13,354 14,708 10,026 11,390 12,954 14,325 14,703 11,272 12,557
Total Liabilities 56,191 63,762 65,097 66,794 59,143 36,852 37,898 40,075 46,302 49,843 37,087 43,921
23,328 27,335 33,639 34,183 34,513 15,773 15,643 16,080 16,178 12,772 10,325 15,157
CWIP 18,657 19,178 15,734 17,247 2,155 239 589 858 3,811 6,622 10,176 11,175
Investments 722 283 880 1,413 6,545 12,422 12,871 10,115 10,119 9,674 3,798 4,478
13,484 16,965 14,845 13,951 15,930 8,417 8,795 13,022 16,194 20,775 12,788 13,111
Total Assets 56,191 63,762 65,097 66,794 59,143 36,852 37,898 40,075 46,302 49,843 37,087 43,921

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,331 3,178 2,590 2,915 3,498 4,504 2,347 2,052 1,376 3 3,256 2,299
-10,376 -8,490 -5,512 -3,159 -1,660 1,485 -962 -3,605 -987 2,434 -2,043 -2,410
10,123 5,910 634 448 -2,018 -5,727 -1,191 816 1,617 -1,056 -3,894 1,731
Net Cash Flow 1,078 598 -2,289 204 -180 263 194 -737 2,005 1,382 -2,681 1,620

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 73 62 55 53 68 66 75 71 62 117 30 20
Inventory Days 59 58 120 104 82 33 20 37 56
Days Payable 282 319 588 694 466 366 372 639 605
Cash Conversion Cycle -150 -199 -414 -536 -316 -266 -277 -531 -488 117 30 20
Working Capital Days -230 -326 -257 -299 -303 -128 -180 -256 -426 -317 -196 -162
ROCE % 2% 3% 3% 2% -1% 7% 4% 5% 6% 1% 5% 4%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
65.52% 63.61% 62.61% 61.49% 60.50% 59.83% 58.90% 58.90% 58.90% 58.90% 59.00% 59.07%
21.04% 21.66% 23.75% 25.08% 26.91% 28.21% 27.66% 27.80% 27.85% 27.84% 28.36% 28.15%
1.95% 1.89% 3.15% 2.01% 2.27% 1.96% 2.45% 2.11% 3.91% 4.23% 4.11% 4.43%
11.50% 12.84% 10.50% 11.42% 10.32% 10.00% 10.99% 11.19% 9.36% 9.05% 8.54% 8.36%
No. of Shareholders 3,80,4813,68,1053,58,2713,92,3743,78,6494,27,6455,17,1674,99,4414,98,3284,77,7314,65,8864,43,708

* 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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