GMR Airports Limited
₹86.96-₹0.54 (-0.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,04,903 Cr
- EV / EBITDA
- 314.8x
- Revenue
- ₹1,263 Cr
- Net margin
- -65.9%
- ROCE
- 0.6%
Price chart
Technical chartScreen technicals →-7.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.5%
- 3M
- -16.3%
- 6M
- -9.8%
- 1Y
- -7.9%
- 5Y
- +111.3%
52-week range
Day change -₹0.54 (-0.6%) from ₹88 to ₹87 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in GMRAIRPORT, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Operating margin of 42.2% exceeds Transportation median (33.0%)
Concerns1
- Low interest coverage ratio of 0.4x
Rule-based from financial data. Not advice.
About the company
GMR Airports Limited development, maintenance, and operation of airports in India. It is also involved in operation of international airports on build, own, operate, and transfer basis.
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GMR Airports Limited development, maintenance, and operation of airports in India. It is also involved in operation of international airports on build, own, operate, and transfer basis. In addition, the company engages in construction business, including engineering, procurement, and construction contracting activities; and provides security services, as well as engages in maintenance, repairing, and overhauling of aircrafts. The company was formerly known as GMR Airports Infrastructure Limited and changed its name to GMR Airports Limited in September 2024. GMR Airports Limited was incorporated in 1996 and is based in New Delhi, India.
- Sector
- Transportation
- Shares outstanding
- 1,056 Cr shares
- ISIN
- INE776C01039
- BSE code
- 532754
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,04,903 Cr
- P/B
- 2.0x
- EV / EBITDA
- 314.8x
- EV / Sales
- 136.7x
- P/S
- 127.6x
- 52-week high
- ₹115.00
- 52-week low
- ₹84.70
Profitability
- Operating margin
- 42.2%
- Net margin
- -65.9%
- EBITDA margin
- 43.4%
- ROE
- -1.0%
- ROCE
- 0.6%
- ROA
- -0.7%
- Dividend payout
- 0.0%
- Tax rate
- 1.0%
- Other income, % of PBT
- -1.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,263 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 53.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹357 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 304.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -64.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹66.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3400.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹16.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 48.3%
Solvency and efficiency
- Current ratio
- 4.76
- Debt / Equity
- 0.15
- Debt / Assets
- 0.10
- Debt / EBITDA
- 22.67
- Interest coverage
- 0.39
- Financial leverage
- 1.46
- CFO / Net profit
- 0.12
- Cash / Market cap
- 2.9%
- Cash per share
- ₹2.89
- Asset turnover
- 0.01
- Fixed asset turnover
- 3.82
- Capital intensity
- 0.26
- Debtor days
- 64 days
- Cash conversion cycle
- 64 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹1,263 Cr |
| Expenses | ₹582 Cr |
| Operating profit | ₹682 Cr |
| Other income | ₹110 Cr |
| Interest | ₹962 Cr |
| Depreciation | ₹17 Cr |
| Profit before tax | -₹188 Cr |
| Tax and other | ₹3 Cr |
| Net profit | -₹191 Cr |
Revenue and net profit
Revenue grew 53.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹0 Cr | -₹1,282 Cr |
| FY2022 | ₹39 Cr | -₹310 Cr |
| FY2023 | ₹623 Cr | -₹1,183 Cr |
| FY2024 | ₹822 Cr | -₹542 Cr |
| FY2025 | ₹1,263 Cr | -₹191 Cr |
Cash flows
FY2025: ₹413 Cr from operations, -₹719 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹46 Cr | ₹2,668 Cr |
| FY2022 | -₹25 Cr | ₹191 Cr |
| FY2023 | ₹2 Cr | ₹211 Cr |
| FY2024 | -₹66 Cr | -₹1,269 Cr |
| FY2025 | ₹413 Cr | -₹719 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,263 Cr+53.6%1Y
- Net profit
- -₹191 Cr
- Cash from operations
- ₹413 Cr
- Free cash flow
- -₹719 Cr
- Revenue CAGR, 5Y
- 0.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,263 Cr | ₹682 Cr | — | -₹191 Cr | ₹413 Cr | -₹719 Cr | -0.4% | +53.6% | -64.8% |
Monthly returns
Month-by-month returns of GMRAIRPORT across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹73,082 Cr |
| Equity capital | ₹1,056 Cr |
| Reserves | ₹52,734 Cr |
| Borrowings | ₹9,046 Cr |
| Other liabilities | ₹10,246 Cr |
| Assets | ₹73,082 Cr |
| Fixed assets | ₹210 Cr |
| Capital work in progress | ₹2 Cr |
| Investments | ₹69,613 Cr |
| Other assets | ₹3,258 Cr |
Market cap against peers
4 peers: same sector group, nearest by size.
P/E against peers
GMRAIRPORT has no positive P/E; the peer median is 33.8x.
Not shown (no positive earnings and no EV / Sales): GMR Airports Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| GMR Airports LimitedGMRAIRPORTthis company | ₹1.0 L Cr | — | 2.0x | -1.0% | 314.8x |
| InterGlobe Aviation LimitedINDIGO | ₹1.8 L Cr | 36.3x | 21.6x | 422.8% | 12.3x |
| AEGIS VOPAK TERMINALS LIMITEDAEGISVOPAK | ₹25,481 Cr | 158.0x | 5.5x | 4.9% | 86.5x |
| BlackBuck LimitedBLACKBUCK | ₹11,912 Cr | 31.2x | 9.0x | -62.6% | -72.2x |
| Ceigall India LimitedCEIGALL | ₹4,805 Cr | 19.2x | 2.5x | 31.5% | 10.5x |
| Peer median | — | 33.8x | 5.5x | 4.9% | 49.4x |
Year-to-date ROI
GMRAIRPORT since 1 January, against earlier years.
Historical volatility
GMRAIRPORT's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -16239.0% |
| FY2022 | -13.0% |
| FY2023 | 40.0% |
| FY2024 | 42.0% |
| FY2025 | 54.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,263 Cr |
| Costs | |
| Interest | ₹962 Cr |
| Expenses | ₹582 Cr |
| Operating profitOperating Profit | ₹682 Cr |
| Other income and charges | |
| Profit before tax | -₹188 Cr |
| Tax | |
| Net profitNet Profit | -₹191 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹73,082 Cr |
| Equity capitalEquity Capital | ₹1,056 Cr |
| Reserves | ₹52,734 Cr |
| Borrowings | ₹9,046 Cr |
| Other liabilitiesOther Liabilities | ₹10,246 Cr |
| AssetsTotal Assets | ₹73,082 Cr |
| Fixed assetsFixed Assets | ₹210 Cr |
| Capital work in progressCWIP | ₹2 Cr |
| Investments | ₹69,613 Cr |
| Other assetsOther Assets | ₹3,258 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹413 Cr |
| Investing cash flowCash from Investing Activity | -₹1,132 Cr |
| Financing cash flowCash from Financing Activity | ₹704 Cr |
| Change in cashNet Cash Flow | -₹16 Cr |
Learn while you research
Academy chapters picked for GMR Airports Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing54% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read