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GMR Airports Ltd

NSE: GMRAIRPORT BSE: 532754Energy

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)

95
52W: ₹79.3 — ₹110
PE 0 · Book ₹50.3 · +89% vs book
Market Cap₹1,00,310 Cr
Stock P/EPrice to Earnings
ROCE1.08%Return on Capital
ROE0.55%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company is expected to give good quarter

Weaknesses

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.15% over last 3 years.

Shareholding Pattern

Promoters66.33%
FIIs20.17%
DIIs4.93%
Public8.56%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.07%66.07%7.066.07%66.24%0.266.24%66.24%66.24%66.33%0.1
FIIs25.98%14.81%11.214.86%0.015.09%0.215.74%0.717.08%1.318.96%1.920.17%1.2
DIIs5.74%4.46%1.34.32%0.14.13%0.24.45%0.34.8%0.34.59%0.24.93%0.3
Public9.21%14.65%5.414.74%0.114.55%0.213.56%1.011.88%1.710.19%1.78.56%1.6

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales651972972022822715084789451,239
Expenses19117199114168150149368706895
Operating Profit46809889114121358109239343
OPM %70%41%33%44%40%44%71%23%25%28%
Net Profit19-197-150-146-63-4968-178-13350
EPS ₹0.03-0.33-0.25-0.24-0.06-0.050.06-0.17-0.130.05

AI Insights

Revenue Trend

TTM revenue at ₹3,169Cr, up 150.9% YoY. OPM at 33%.

Debt Position

Borrowings at ₹10,993Cr. Debt-to-equity ratio: 0.21x. Healthy balance sheet.

Capex Cycle

CWIP at ₹9Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 4.93% (+0.50pp change). FIIs: 20.17% (-7.98pp change). Promoters hold 66.33%.

Margin & Efficiency

ROCE declining from 2% (Mar 2014) to 1% (Mar 2025). Working capital days: 35.

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