GMR AIRPORTS LIMITED Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Trading below book value (P/B -43.4x)
- ✓Virtually debt-free
Concerns
- ✗Currently loss-making (EPS ₹-0.4)
- ✗Premium to sector peers (P/E 498x vs industry 47.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone Limited | ₹1,826 | ₹4.2L Cr | 32.3 | 4.39 | 16.4 | 14.1 | 0.85 |
| INDIGO InterGlobe Aviation Limited | ₹4,474 | ₹1.7L Cr | 37.4 | 24.85 | -12.2 | 7.12 | 8.67 |
| JSWINFRA JSW Infrastructure Limited | ₹278 +1.94% | ₹58K Cr | 36.6 | 5.37 | 15.4 | 13.7 | 0.52 |
| CONCOR Container Corporation of India Limited | ₹451 | ₹35K Cr | 28.2 | 2.65 | 9.81 | 12.4 | 0.07 |
| DELHIVERY Delhivery Limited | ₹444 | ₹33K Cr | 184 | 3.44 | 1.87 | 2.82 | 0.17 |
| GESHIP The Great Eastern Shipping Company Limited | ₹1,464 -1.88% | ₹22K Cr | 7.37 | 1.28 | 18.8 | 18.4 | 0.06 |
| FSL Firstsource Solutions Limited | ₹268 +0.9% | ₹19K Cr | 25.4 | 4.27 | 17.7 | 16.2 | 0.67 |
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
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
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 | 0.0% | 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 ▼6.5% | ₹-3.6K Cr ▼28.6% | ₹-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 ▲8.5% | ₹38.2K Cr ▲6.4% | ₹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)
Services · Transport Infrastructure