GMR AIRPORTS LIMITED Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Trading below book value (P/B -34.5x)
- Virtually debt-free
Concerns
- Premium to sector peers (P/E 164x vs industry 38.9x)
Today's Price Action
The stock closed at ₹89.71 with zero price change, matching the prior close and indicating a flat session. Trading volume stood at 66,84,635 shares, exactly equal to the 20‑day average, which suggests that participation levels are typical and that neither aggressive buying nor selling pressure is evident today.
Valuation Snapshot
The trailing P/E ratio is 164, far above the sector average of zero, reflecting a very high earnings multiple relative to earnings generated. Return on equity is reported at 0%, indicating that the company has not produced net profit relative to shareholders’ equity over the recent period.
Key Levels to Watch
The price sits near the lower end of its 52‑week range, above the ₹84.1 support level and well below the ₹116 resistance level, positioning it closer to the bottom of the historical band. Open‑interest data is not disclosed, so no additional levels can be derived from it, and the absence of OI information limits the ability to gauge short‑term market sentiment through futures or options activity.
Chart Pattern
In the daily chart, a bullish engulfing candle formed three sessions ago, a hammer appeared six sessions ago, and a bearish harami also appeared six sessions ago; these three candlestick formations on the daily timeframe illustrate short‑term shifts in supply‑demand balance without implying a definitive trend direction.
Data Summary
Market capitalisation is reported as ₹0 Cr, and the share’s P/B multiple stands at 0, underscoring the minimal book‑value representation on the balance sheet. Volume, price stability, and the listed candlestick formations constitute the primary quantitative inputs for the day, while the company remains classified under the Services sector.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone Limited | ₹1,761 | ₹3.9L Cr | 29.5 | 4.23 | 16.4 | 14.1 | 0.85 |
| INDIGO InterGlobe Aviation Limited | ₹4,690 | ₹1.8L Cr | 37.4 | 26.06 | -27.1 | 5.24 | 8.67 |
| JSWINFRA JSW Infrastructure Limited | ₹— | ₹74K Cr | 47.5 | — | 15.3 | 13.6 | 0.52 |
| CONCOR Container Corporation of India Limited | ₹418 | ₹31K Cr | 25.2 | 2.46 | 9.81 | 12.6 | 0.07 |
| REDINGTON Redington Limited | ₹— | ₹28K Cr | 15.6 | 1.84 | 16.9 | 18.4 | 0.27 |
| DELHIVERY Delhivery Limited | ₹385 | ₹28K Cr | 232 | 2.98 | -0.21 | 1.01 | 0.17 |
| GESHIP The Great Eastern Shipping Company Limited | ₹— | ₹21K Cr | 5.7 | 1.28 | 15.9 | 15.8 | 0.06 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GMRAIRPORT · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 59.07% | 59.07% | 59.07% | 66.07% | 66.07% | 66.24% |
| FII | 27.38% | 26.78% | 25.98% | 14.81% | 14.86% | 15.09% |
| DII | 5.22% | 6.07% | 5.74% | 4.46% | 4.32% | 4.13% |
| Public | 8.34% | 8.08% | 9.21% | 14.65% | 14.74% | 14.55% |
Corporate Events
Board Meeting Intimation for consideration and approval of the Un-audited Financial Results of the Company (Standalone and Consolidated) for the quarter and half year ended September 30, 2026
To consider and approve Unaudited Financial Results (Standalone And Consolidated) for the Quarter ended June 30, 2026, Enabling Resolution for raising of funds and Issuance Of Non-Convertible Bonds for the purpose of re-financing
To consider and approve the Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and year ended March 31, 2026
Annual General Meeting
Annual General Meeting
Latest News
All newsGMR Airports acquires wholly owned subsidiary
*GMR Airports acquires wholly owned subsidiary.* The move is part of internal restructuring and does not involve external acquisition costs. No financial details like **₹0 Cr** impact disclosed as it’s a consolidation. Transaction unlikely to affect near-term earnings. 📊 *STOCKS:* $GMRAPL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Acquisition
GMR Airports issues update on tariff rates
*GMR Airports issues update on tariff rates.* The company filed a regulatory update regarding airport charges, potentially impacting revenue projections. Changes in tariff structure could affect passenger charges and operational income. Final approval and implementation timeline remain pending. 📊 *STOCKS:* GMRINFRA | 🏢 *SECTOR:* Infrastructure | #MEDIUMIMPACT #Tariff
GMR Airports raises ₹6,500 crore for expansion and refinancing.
*GMR Airports raises ₹6,500 crore for expansion and refinancing.* The funds will be used for debt refinancing and capital expenditure for ongoing airport projects. This move strengthens liquidity and supports future growth. The raise highlights improved credit access for infrastructure firms. 📊 *STOCKS:* $GMRM | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Fundraising
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.0K Cr 8.8% | ₹3.7K Cr 14.5% | ₹3.2K Cr 11.9% | ₹2.9K Cr 7.9% | ₹2.7K Cr 6.3% | ₹2.5K Cr 3.9% | ₹2.4K Cr 1.8% | ₹2.4K Cr |
| Op. Profit | ₹1.7K Cr 17.6% | ₹1.4K Cr 24.2% | ₹1.2K Cr 15.5% | ₹1.0K Cr 1.7% | ₹992 Cr 15.5% | ₹859 Cr 4.1% | ₹896 Cr 9.7% | ₹817 Cr |
| OPM | 43.0% 10.3% | 39.0% 8.3% | 36.0% 2.9% | 35.0% 5.4% | 37.0% 8.8% | 34.0% 8.1% | 37.0% 12.1% | 33.0% |
| Net Profit | ₹174 Cr 397.1% | ₹35 Cr 125.5% | ₹-137 Cr 45.8% | ₹-253 Cr 225.2% | ₹202 Cr 147.1% | ₹-429 Cr 26.9% | ₹-338 Cr 101.2% | ₹-168 Cr |
| EPS (₹) | 0.12 400.0% | -0.04 80.0% | -0.2 13.0% | -0.23 192.0% | 0.25 192.6% | -0.27 17.4% | -0.23 15.0% | -0.2 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.8K Cr 42.2% | ₹10.4K Cr 18.9% | ₹8.8K Cr 31.2% | ₹6.7K Cr 45.1% | ₹4.6K Cr 29.0% | ₹3.6K Cr 57.5% | ₹8.4K Cr 13.3% | ₹7.4K Cr 13.4% | ₹8.6K Cr 10.5% | ₹9.6K Cr |
| Expenses | ₹9.1K Cr 36.3% | ₹6.6K Cr 14.8% | ₹5.8K Cr 16.9% | ₹4.9K Cr 113.6% | ₹2.3K Cr 13.0% | ₹2.7K Cr 57.2% | ₹6.2K Cr 4.3% | ₹6.0K Cr 14.9% | ₹7.0K Cr 9.5% | ₹6.4K Cr |
| Op. Profit | ₹5.8K Cr 52.5% | ₹3.8K Cr 27.0% | ₹3.0K Cr 72.1% | ₹1.7K Cr 24.4% | ₹2.3K Cr 152.5% | ₹905 Cr 58.4% | ₹2.2K Cr 49.9% | ₹1.5K Cr 6.7% | ₹1.6K Cr 50.7% | ₹3.2K Cr |
| OPM | 39.0% 8.3% | 36.0% 5.9% | 34.0% 30.8% | 26.0% 48.0% | 50.0% 100.0% | 25.0% 3.8% | 26.0% 30.0% | 20.0% 11.1% | 18.0% 45.5% | 33.0% |
| Other Income | ₹524 Cr 56.5% | ₹1.2K Cr 52.9% | ₹788 Cr 14.6% | ₹923 Cr 277.2% | ₹-521 Cr 73.0% | ₹-1.9K Cr 1440.3% | ₹144 Cr 111.7% | ₹-1.2K Cr 271.0% | ₹718 Cr 88.5% | ₹381 Cr |
| Interest | ₹3.9K Cr 4.2% | ₹3.7K Cr 26.5% | ₹2.9K Cr 25.3% | ₹2.3K Cr 15.8% | ₹2.0K Cr 12.0% | ₹1.8K Cr 49.1% | ₹3.5K Cr 32.1% | ₹2.7K Cr 15.9% | ₹2.3K Cr 8.8% | ₹2.1K Cr |
| Depreciation | ₹1.8K Cr 3.8% | ₹1.9K Cr 30.3% | ₹1.5K Cr 41.2% | ₹1.0K Cr 16.8% | ₹889 Cr 0.3% | ₹886 Cr 16.7% | ₹1.1K Cr 8.1% | ₹984 Cr 4.3% | ₹1.0K Cr 0.9% | ₹1.0K Cr |
| PBT | ₹586 Cr 192.3% | ₹-635 Cr 0.0% | ₹-635 Cr 12.7% | ₹-727 Cr 36.5% | ₹-1.1K Cr 69.2% | ₹-3.7K Cr 62.4% | ₹-2.3K Cr 33.6% | ₹-3.4K Cr 222.2% | ₹-1.1K Cr 369.3% | ₹397 Cr |
| Tax % | 19.0% 34.5% | 29.0% 3.3% | 30.0% 87.5% | 16.0% 1700.0% | -1.0% 87.5% | -8.0% 100.0% | -4.0% 33.3% | -3.0% 175.0% | 4.0% 97.9% | 187.0% |
| Net Profit | ₹472 Cr 157.8% | ₹-817 Cr 1.3% | ₹-828 Cr 1.4% | ₹-840 Cr 25.7% | ₹-1.1K Cr 67.0% | ₹-3.4K Cr 55.7% | ₹-2.2K Cr 34.4% | ₹-3.4K Cr 201.0% | ₹-1.1K Cr 221.3% | ₹-347 Cr |
| EPS (₹) | 0.17 145.9% | -0.37 60.2% | -0.93 210.0% | -0.3 82.4% | -1.7 63.3% | -4.63 15.2% | -4.02 32.2% | -5.93 162.4% | -2.26 140.4% | -0.94 |
| Div Payout | 6017.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹1.1K Cr 0.0% | ₹1.1K Cr 74.8% | ₹604 Cr 0.0% | ₹604 Cr 0.0% | ₹604 Cr 0.0% | ₹604 Cr 0.0% | ₹604 Cr 0.0% | ₹604 Cr 0.0% | ₹604 Cr 0.0% | ₹604 Cr |
| Reserves | ₹-3.8K Cr 1.0% | ₹-3.8K Cr 38.3% | ₹-2.8K Cr 98.3% | ₹-1.4K Cr 1.8% | ₹-1.4K Cr 38.8% | ₹-2.3K Cr 24.2% | ₹-3.1K Cr 189.7% | ₹-1.1K Cr 137.2% | ₹2.8K Cr 40.0% | ₹4.7K Cr |
| Borrowings | ₹41.5K Cr 7.7% | ₹38.5K Cr 7.2% | ₹35.9K Cr 11.7% | ₹32.2K Cr 20.7% | ₹26.6K Cr 27.8% | ₹36.9K Cr 7.0% | ₹34.4K Cr 24.9% | ₹27.6K Cr 17.7% | ₹23.4K Cr 9.1% | ₹21.5K Cr |
| Other Liabilities | ₹13.4K Cr 4.0% | ₹12.8K Cr 12.9% | ₹14.7K Cr 17.4% | ₹12.6K Cr 11.4% | ₹11.3K Cr 23.3% | ₹14.7K Cr 2.6% | ₹14.3K Cr 10.6% | ₹12.9K Cr 17.6% | ₹11.0K Cr 9.8% | ₹10.0K Cr |
| Total Liabilities | ₹52.1K Cr 7.3% | ₹48.6K Cr 0.1% | ₹48.5K Cr 10.4% | ₹43.9K Cr 18.4% | ₹37.1K Cr 25.6% | ₹49.8K Cr 7.6% | ₹46.3K Cr 15.5% | ₹40.1K Cr 5.7% | ₹37.9K Cr 2.8% | ₹36.9K Cr |
Assets | ||||||||||
| Fixed Assets | ₹28.6K Cr 1.3% | ₹28.2K Cr 1.8% | ₹28.7K Cr 89.6% | ₹15.2K Cr 46.8% | ₹10.3K Cr 19.2% | ₹12.8K Cr 21.1% | ₹16.2K Cr 0.6% | ₹16.1K Cr 2.8% | ₹15.6K Cr 0.8% | ₹15.8K Cr |
| CWIP | ₹4.6K Cr 20.5% | ₹3.8K Cr 127.5% | ₹1.7K Cr 85.0% | ₹11.2K Cr 9.8% | ₹10.2K Cr 53.7% | ₹6.6K Cr 73.8% | ₹3.8K Cr 344.2% | ₹858 Cr 45.7% | ₹589 Cr 146.4% | ₹239 Cr |
| Investments | ₹4.9K Cr 14.6% | ₹4.3K Cr 3.1% | ₹4.4K Cr 1.2% | ₹4.5K Cr 17.9% | ₹3.8K Cr 60.7% | ₹9.7K Cr 4.4% | ₹10.1K Cr 0.0% | ₹10.1K Cr 21.4% | ₹12.9K Cr 3.6% | ₹12.4K Cr |
| Other Assets | ₹14.0K Cr 14.5% | ₹12.2K Cr 10.3% | ₹13.7K Cr 4.1% | ₹13.1K Cr 2.5% | ₹12.8K Cr 38.4% | ₹20.8K Cr 28.3% | ₹16.2K Cr 24.4% | ₹13.0K Cr 48.1% | ₹8.8K Cr 4.5% | ₹8.4K Cr |
| Total Assets | ₹52.1K Cr 7.3% | ₹48.6K Cr 0.1% | ₹48.5K Cr 10.4% | ₹43.9K Cr 18.4% | ₹37.1K Cr 25.6% | ₹49.8K Cr 7.6% | ₹46.3K Cr 15.5% | ₹40.1K Cr 5.7% | ₹37.9K Cr 2.8% | ₹36.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹3.4K Cr 11.3% | ₹3.9K Cr 76.4% | ₹2.2K Cr 32.5% | ₹3.3K Cr 108433.3% | ₹3 Cr 99.8% | ₹1.4K Cr 32.9% | ₹2.1K Cr 12.6% | ₹2.3K Cr 47.9% | ₹4.5K Cr 28.8% | ₹3.5K Cr |
| Investing CF | ₹-3.7K Cr 36.6% | ₹-5.8K Cr 150.7% | ₹-2.3K Cr 13.1% | ₹-2.0K Cr 183.9% | ₹2.4K Cr 346.6% | ₹-987 Cr 72.6% | ₹-3.6K Cr 274.7% | ₹-962 Cr 164.8% | ₹1.5K Cr 189.5% | ₹-1.7K Cr |
| Financing CF | ₹-1.0K Cr 316.3% | ₹467 Cr 73.0% | ₹1.7K Cr 144.5% | ₹-3.9K Cr 268.8% | ₹-1.1K Cr 165.3% | ₹1.6K Cr 98.2% | ₹816 Cr 168.5% | ₹-1.2K Cr 79.2% | ₹-5.7K Cr 183.8% | ₹-2.0K Cr |
| Net Cash Flow | ₹-1.2K Cr 14.1% | ₹-1.4K Cr 189.2% | ₹1.6K Cr 160.4% | ₹-2.7K Cr 294.0% | ₹1.4K Cr 31.1% | ₹2.0K Cr 372.0% | ₹-737 Cr 479.9% | ₹194 Cr 26.2% | ₹263 Cr 246.1% | ₹-180 Cr |
| Free Cash Flow | ₹-581 Cr 9.4% | ₹-641 Cr 62.0% | ₹-1.7K Cr 968.6% | ₹194 Cr 112.8% | ₹-1.5K Cr 0.3% | ₹-1.5K Cr 93.1% | ₹-782 Cr 146.7% | ₹1.7K Cr 57.0% | ₹3.9K Cr 266.0% | ₹1.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19d 5.0% | 20d 0.0% | 20d 33.3% | 30d 74.4% | 117d 88.7% | 62d 12.7% | 71d 5.3% | 75d 13.6% | 66d 2.9% | 68d |
| Inventory Days | — | — | — | — | — | 56d 51.4% | 37d 85.0% | 20d 39.4% | 33d 59.8% | 82d |
| Days Payable | — | — | — | — | — | 605d 5.3% | 639d 71.8% | 372d 1.6% | 366d 21.5% | 466d |
| Cash Conv. Cycle | 19d 5.0% | 20d 0.0% | 20d 33.3% | 30d 74.4% | 117d 124.0% | -488d 8.1% | -531d 91.7% | -277d 4.1% | -266d 15.8% | -316d |
| Working Capital Days | -232d 7.9% | -215d 41.9% | -370d 1.6% | -364d 59.9% | -907d 82.5% | -497d 33.2% | -373d 83.7% | -203d 33.6% | -152d 59.2% | -373d |
| ROCE | 7.0% 16.7% | 6.0% 50.0% | 4.0% 20.0% | 5.0% 400.0% | 1.0% 83.3% | 6.0% 20.0% | 5.0% 25.0% | 4.0% 42.9% | 7.0% 800.0% | -1.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About GMR AIRPORTS LIMITED
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)
ServicesTransport Infrastructure