GMR Airports Ltd

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

₹ 86.9 -0.40%
30 Oct - close price
gmrgroup.in BSE: 532754 NSE: GMRAIRPORT F&O
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

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 FY25, it held 27.5% share of passenger traffic in India. [1][2]

Website BSE NSE F&O
  • Market Cap ₹ 92,665 Cr.
  • Current Price ₹ 86.9
  • High / Low ₹ 116 / 84.1
  • Stock P/E 155
  • Book Value ₹ -2.33
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company has low interest coverage ratio.

* 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

Services Services Transport Infrastructure Airport & Airport services

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
2,064 2,227 2,447 2,402 2,495 2,653 2,863 3,205 3,670 3,994 3,938 3,967 4,100
1,337 1,558 1,630 1,506 1,636 1,662 1,854 2,041 2,223 2,293 2,493 2,517 2,620
Operating Profit 726 669 817 896 859 992 1,009 1,165 1,447 1,701 1,445 1,450 1,480
OPM % 35% 30% 33% 37% 34% 37% 35% 36% 39% 43% 37% 37% 36%
184 116 263 160 260 562 241 208 130 -73 260 167 143
Interest 673 857 823 889 1,031 829 955 949 1,043 917 950 938 993
Depreciation 373 393 405 466 474 479 491 489 431 465 452 456 493
Profit before tax -135 -465 -148 -300 -386 246 -196 -65 103 246 302 223 137
Tax % 40% 5% 13% 13% 11% 18% 29% 111% 66% 29% -32% 34% 52%
-190 -486 -168 -338 -429 202 -253 -137 35 174 400 148 65
EPS in Rs -0.15 -0.53 -0.20 -0.23 -0.27 0.25 -0.23 -0.20 -0.04 0.12 0.29 0.09 -0.01
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
11,088 8,261 9,557 8,556 7,411 8,395 3,566 4,601 6,674 8,755 10,414 14,807 15,999
8,533 7,804 6,394 6,999 5,958 6,217 2,661 2,316 4,947 5,783 6,639 9,050 9,924
Operating Profit 2,555 457 3,163 1,558 1,453 2,178 905 2,285 1,727 2,972 3,775 5,757 6,075
OPM % 23% 6% 33% 18% 20% 26% 25% 50% 26% 34% 36% 39% 38%
23 369 381 718 -1,228 144 -1,930 -521 923 788 1,205 524 496
Interest 3,572 2,196 2,128 2,316 2,684 3,545 1,803 2,019 2,338 2,929 3,705 3,859 3,797
Depreciation 1,813 1,197 1,019 1,028 984 1,064 886 889 1,038 1,466 1,910 1,837 1,866
Profit before tax -2,806 -2,568 397 -1,069 -3,444 -2,287 -3,714 -1,144 -727 -635 -635 586 909
Tax % 5% 7% 187% 4% -3% -4% -8% -1% 16% 30% 29% 19%
-2,972 -2,749 -347 -1,115 -3,356 -2,202 -3,428 -1,131 -840 -828 -817 472 788
EPS in Rs -5.16 -4.49 -0.94 -2.26 -5.93 -4.02 -4.63 -1.70 -0.30 -0.93 -0.37 0.17 0.49
Dividend Payout % -0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6,017%
Compounded Sales Growth
10 Years: 6%
5 Years: 33%
3 Years: 30%
TTM: 29%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 42%
TTM: 192%
Stock Price CAGR
10 Years: 22%
5 Years: 17%
3 Years: 16%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 436 604 604 604 604 604 604 604 604 604 1,056 1,056 1,066
Reserves 5,337 4,387 4,739 2,842 -1,057 -3,062 -2,322 -1,421 -1,396 -2,768 -3,827 -3,803 -3,548
49,929 39,444 21,484 23,441 27,580 34,442 36,864 26,633 32,157 35,905 38,485 43,550 47,408
11,091 14,708 10,026 11,012 12,949 14,319 14,697 11,272 12,557 14,748 12,845 13,755 15,646
Total Liabilities 66,794 59,143 36,852 37,898 40,075 46,302 49,843 37,087 43,921 48,489 48,559 54,558 60,572
34,183 34,513 15,773 15,643 16,080 16,178 12,772 10,325 15,157 28,737 28,218 28,929 33,408
CWIP 17,247 2,155 239 589 858 3,811 6,622 10,176 11,175 1,674 3,808 5,520 1,947
Investments 1,413 6,545 12,422 12,871 10,115 10,119 9,674 3,798 4,478 4,425 4,288 5,959 6,811
13,951 15,930 8,417 8,795 13,022 16,194 20,775 12,788 13,111 13,653 12,246 14,150 18,406
Total Assets 66,794 59,143 36,852 37,898 40,075 46,302 49,843 37,087 43,921 48,489 48,559 54,558 60,572

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,915 3,498 4,504 2,347 2,052 1,376 3 3,256 2,199 3,880 3,443 4,884
-3,159 -1,660 1,485 -962 -3,605 -987 2,434 -2,043 -2,310 -5,792 -3,673 -3,589
448 -2,018 -5,727 -1,191 816 1,617 -1,056 -3,894 1,731 467 -1,010 -1,238
Net Cash Flow 204 -180 263 194 -737 2,005 1,382 -2,681 1,620 -1,445 -1,241 56
Free Cash Flow -885 1,062 3,887 1,673 -782 -1,510 -1,514 194 -1,685 -641 -581 1,582
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 122% 814% 150% 161% 160% 71% -4% 146% 125% 135% 94% 88%

Ratios

Consolidated / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 53 68 66 75 71 62 117 30 20 20 19 15
Inventory Days 104 82 33 20 37 56 201
Days Payable 694 466 366 372 639 605 494
Cash Conversion Cycle -536 -316 -266 -277 -531 -488 117 30 20 20 19 -278
Working Capital Days -414 -373 -152 -203 -373 -497 -907 -364 -370 -215 -232 -202
ROCE % 2% -1% 7% 4% 5% 6% 1% 5% 4% 6% 7% 12%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Passenger Traffic (GAL Operated Airports)
million passengers

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Aircraft Movements (ATMs) - GAL Operated
thousand ATMs
Cargo Volume
million metric tonnes
Share of India's Passenger Traffic
% of India traffic
Aero Yield Per Passenger (YPP)
INR per passenger
Non-Aero Income Per Passenger (IPP)
INR per passenger
Passenger Capacity (Rated)
million passengers per annum

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
59.07% 59.07% 59.07% 66.07% 66.07% 66.24% 66.24% 66.24% 66.24% 66.33% 67.16% 67.48%
27.38% 26.78% 25.98% 14.81% 14.86% 15.09% 15.74% 17.08% 18.96% 20.17% 21.74% 22.95%
5.22% 6.07% 5.74% 4.46% 4.32% 4.13% 4.45% 4.80% 4.59% 4.93% 5.14% 4.80%
8.34% 8.08% 9.21% 14.65% 14.74% 14.55% 13.56% 11.88% 10.19% 8.56% 5.95% 4.77%
No. of Shareholders 5,42,9606,93,4388,66,8518,53,8728,68,0228,56,7408,14,6557,61,8007,20,2056,94,2726,76,5266,72,477

* 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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