GMR Airports Infrastructure 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 ₹ 51,396 Cr.
- Current Price ₹ 85.2
- High / Low ₹ 94.4 / 40.0
- Stock P/E
- Book Value ₹ -1.66
- Dividend Yield 0.00 %
- ROCE 4.49 %
- ROE %
- Face Value ₹ 1.00
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 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.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 8,198 | |
6,900 | 9,026 | 8,097 | 8,533 | 7,804 | 6,394 | 6,999 | 5,958 | 6,217 | 2,661 | 2,495 | 4,949 | 5,796 | |
Operating Profit | 1,573 | 948 | 2,556 | 2,555 | 457 | 3,163 | 1,558 | 1,453 | 2,178 | 905 | 2,106 | 1,745 | 2,402 |
OPM % | 19% | 10% | 24% | 23% | 6% | 33% | 18% | 20% | 26% | 25% | 46% | 26% | 29% |
168 | 2,583 | 2,145 | 23 | 369 | 381 | 718 | -1,228 | 144 | -1,930 | -341 | 915 | 669 | |
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 | 2,796 |
Depreciation | 936 | 1,040 | 1,455 | 1,813 | 1,197 | 1,019 | 1,028 | 984 | 1,064 | 886 | 889 | 1,042 | 1,362 |
Profit before tax | -848 | 393 | 275 | -2,806 | -2,568 | 397 | -1,069 | -3,444 | -2,287 | -3,714 | -1,144 | -726 | -1,087 |
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 | -1,297 | |
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 | -1.38 |
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: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 12% |
3 Years: | 23% |
TTM: | -45% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 40% |
3 Years: | 57% |
1 Year: | 89% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 389 | 389 | 389 | 436 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 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 | -1,606 |
Preference Capital | 1,980 | 0 | 2,292 | 2,121 | 0 | 0 | 378 | 5 | 6 | 6 | 0 | 0 | |
36,077 | 42,349 | 45,041 | 47,808 | 39,444 | 21,484 | 23,063 | 27,575 | 34,436 | 36,858 | 26,633 | 32,157 | 31,475 | |
12,576 | 14,134 | 13,572 | 13,354 | 14,708 | 10,026 | 11,390 | 12,954 | 14,325 | 14,703 | 11,272 | 12,557 | 13,935 | |
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 | 44,408 |
23,328 | 27,335 | 33,639 | 34,183 | 34,513 | 15,773 | 15,643 | 16,080 | 16,178 | 12,772 | 10,325 | 15,157 | 21,009 | |
CWIP | 18,657 | 19,178 | 15,734 | 17,247 | 2,155 | 239 | 589 | 858 | 3,811 | 6,622 | 10,176 | 11,175 | 6,669 |
Investments | 722 | 283 | 880 | 1,413 | 6,545 | 12,422 | 12,871 | 10,115 | 10,119 | 9,674 | 3,798 | 4,478 | 5,515 |
13,484 | 16,965 | 14,845 | 13,951 | 15,930 | 8,417 | 8,795 | 13,022 | 16,194 | 20,775 | 12,788 | 13,111 | 11,214 | |
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 | 44,408 |
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% |
Documents
Announcements
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 1d
- Compliance Certificate Under Regulation 7(3) Of SEBI LODR 20 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 18 Apr
- SEBI (LODR) Regulations, 2015 - Monthly Traffic Updates 18 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr
Annual reports
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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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Financial Year 2010
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Concalls
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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.