GMR Airports Infrastructure Ltd

GMR Airports Infrastructure Ltd

₹ 93.9 2.39%
14 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

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.

  • Market Cap 56,690 Cr.
  • Current Price 93.9
  • High / Low 94.6 / 41.3
  • Stock P/E
  • Book Value -3.59
  • Dividend Yield 0.00 %
  • ROCE 6.39 %
  • ROE %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoters have pledged 58.2% of their holding.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,556 919 1,126 1,364 1,284 1,439 1,584 1,761 1,890 2,018 2,064 2,227 2,447
1,874 722 630 649 749 1,015 1,115 1,236 1,635 1,265 1,337 1,558 1,630
Operating Profit -319 197 497 715 534 424 468 526 254 753 726 669 817
OPM % -20% 21% 44% 52% 42% 29% 30% 30% 13% 37% 35% 30% 33%
142 92 131 -483 82 223 180 457 118 251 184 116 263
Interest 390 447 519 524 528 516 560 590 672 594 673 857 823
Depreciation 201 204 211 214 260 218 254 266 301 296 373 393 405
Profit before tax -768 -363 -103 -506 -171 -87 -166 127 -601 114 -135 -465 -148
Tax % 6% 12% -64% -2% 25% -30% -18% 17% -6% 85% -40% -5% -13%
-723 -318 -169 -515 -129 -113 -195 105 -637 17 -190 -486 -168
EPS in Rs -1.30 -0.42 -0.01 -1.04 -0.23 -0.23 -0.32 0.32 -0.73 0.03 -0.15 -0.53 -0.20
Raw PDF

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
9,975 10,653 11,088 8,261 9,557 8,556 7,411 8,395 3,566 4,601 6,693 8,755
9,026 8,097 8,533 7,804 6,394 6,999 5,958 6,217 2,661 2,495 4,949 5,789
Operating Profit 948 2,556 2,555 457 3,163 1,558 1,453 2,178 905 2,106 1,745 2,966
OPM % 10% 24% 23% 6% 33% 18% 20% 26% 25% 46% 26% 34%
2,583 2,145 23 369 381 718 -1,228 144 -1,930 -341 915 794
Interest 2,099 2,972 3,572 2,196 2,128 2,316 2,684 3,545 1,803 2,019 2,343 2,929
Depreciation 1,040 1,455 1,813 1,197 1,019 1,028 984 1,064 886 889 1,042 1,466
Profit before tax 393 275 -2,806 -2,568 397 -1,069 -3,444 -2,287 -3,714 -1,144 -726 -635
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
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
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: 31%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 21%
TTM: -168%
Stock Price CAGR
10 Years: 12%
5 Years: 47%
3 Years: 53%
1 Year: 118%
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
Equity Capital 389 389 436 604 604 604 604 604 604 604 604 604
Reserves 6,889 6,095 5,195 4,387 4,739 2,842 -1,057 -3,062 -2,322 -1,421 -1,396 -2,768
Preference Capital 0 2,292 2,121 0 0 378 5 6 6 0 0
42,349 45,041 47,808 39,444 21,484 23,063 27,575 34,436 36,858 26,633 32,157 35,905
14,134 13,572 13,354 14,708 10,026 11,390 12,954 14,325 14,703 11,272 12,557 14,942
Total Liabilities 63,762 65,097 66,794 59,143 36,852 37,898 40,075 46,302 49,843 37,087 43,921 48,683
27,335 33,639 34,183 34,513 15,773 15,643 16,080 16,178 12,772 10,325 15,157 28,741
CWIP 19,178 15,734 17,247 2,155 239 589 858 3,811 6,622 10,176 11,175 1,670
Investments 283 880 1,413 6,545 12,422 12,871 10,115 10,119 9,674 3,798 4,478 4,425
16,965 14,845 13,951 15,930 8,417 8,795 13,022 16,194 20,775 12,788 13,111 13,847
Total Assets 63,762 65,097 66,794 59,143 36,852 37,898 40,075 46,302 49,843 37,087 43,921 48,683

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 2,299 3,880
-8,490 -5,512 -3,159 -1,660 1,485 -962 -3,605 -987 2,434 -2,043 -2,410 -5,788
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 -1,442

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 -28
ROCE % 3% 3% 2% -1% 7% 4% 5% 6% 1% 5% 4%

Shareholding Pattern

Numbers in percentages

1 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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Documents

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