GMR Airports Ltd

GMR Airports Ltd

87.00
INR
-0.20
(-0.23%)
0.66EPS
234.26P/E
1.18TMarket Cap
Nov 18Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
26.63
25.83
14.11
15.18
13.67
11.82
12.47
4.41
6.25
9.66
12.51
9.78
12.64
15.58
Basic EPS, GAAP
0.03
-6.46
-4.87
-0.94
-2.27
-5.95
-4.03
-4.63
-1.7
-0.3
-0.93
-0.43
0.17
0.48
Free Cash Flow per Basic Share
-7.59
-2.1
1.88
6.45
2.71
-1.32
-2.55
-2.72
0.2
-2.85
-1.07
-0.75
1.47
- -
Dividend per Share
0.14
0.14
0.01
- -
0.32
0.1
0.08
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
19.21
12.7
7.43
8.03
5.72
-0.75
-4.07
-2.86
-1.35
-1.31
-3.59
-2.62
-2.6
- -
Tangible Book Value per Share
-6.03
-0.08
-2.19
2.86
0.05
-6.28
-9.38
-8.03
-2.75
-2.71
-5.06
-3.47
-3.6
- -
Basic Weighted Avg Shares
3,967
4,233
5,645
6,018
6,018
6,018
6,027
6,036
6,036
6,036
6,036
9,180
10,559
9,992
Sales/Revenue/Turnover
105,670
109,353
79,639
91,378
82,252
71,131
75,152
26,622
37,722
58,318
75,481
89,744
133,446
155,662
Operating Margin (%)
10.95
5.94
16.59
21.96
12.36
13.48
20.59
-0.74
31.7
11.48
18.1
19.25
29.91
27.95
Depreciation Expense
15,231
19,813
18,204
15,434
10,491
9,851
10,643
10,045
9,737
10,424
14,659
19,104
18,367
- -
Net Income, GAAP
100
-27,333
-27,493
-5,644
-13,639
-35,806
-24,294
-27,973
-10,233
-1,793
-5,593
-3,928
1,755
4,781
Effective Tax Rate (%)
58.84
- -
- -
659.1
- -
- -
- -
- -
- -
- -
- -
- -
19.4
13.36
Profit Margin (%)
0.09
-25
-34.52
-6.18
-16.58
-50.34
-32.33
-105.08
-27.13
-3.07
-7.41
-4.38
1.32
3.07
Working Capital
-89,816
-38,942
-41,176
7,779
12,601
-35,895
-40,323
4,140
2,112
-2,007
4,799
-30,114
-29,161
- -
LT Debt
335,993
332,199
314,045
189,555
205,482
216,586
266,214
310,940
245,127
295,159
348,636
342,239
354,769
- -
Total Equity
107,853
75,329
62,503
70,558
56,448
12,419
2,159
13,186
19,182
9,689
-8,697
-17,888
-15,492
- -
Return on Invested Capital (%)
2.2
- -
- -
-24.38
- -
- -
- -
- -
- -
- -
- -
- -
8.01
- -
Return on Capital (%)
2.02
- -
- -
-32.38
- -
- -
- -
- -
- -
- -
- -
- -
7.47
- -
Return on Common Equity (%)
0.13
-41.54
-54.86
-12.11
-32.94
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
77,921
- -
LT Borrowings
- -
344,848
- -
LT Finance Leases
- -
9,922
- -
Preferred Equity and Hybrid Capital
- -
2,676
- -
Shares Outstanding
10,559
10,559
10,559
Market Capitalization
1,101,832
894,345
1,183,661

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
97,924
- -
Cash, Cash Equivalents & STI
- -
50,841
- -
Accounts Receivable, Net
- -
5,963
- -
Inventories
- -
5,402
- -
Total Current Liabilities
- -
127,085
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
77,921
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.15%
-20.3%
-13.4%
Free Cash Flow
-188.48%
-408.89%
-326.55%
Net Income, GAAP
9.94%
-21.67%
-144.67%
Sales/Revenue/Turnover
12.56%
38.67%
48.7%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
24,022
24,955
26,532
28,633
89,744
2026
32,052
36,700
39,940
39,382
133,446
2027
39,640
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.23
-0.29
0.25
-0.23
-0.43
2026
-0.2
-0.04
0.12
0.29
0.17
2027
0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Kiran Kumar Grandhi
Full Time Employees
21,225
Sector
Transportation
Industry
Other transportation
Address
New Udaan Bhawan New Delhi DE India 110 037
IPO Date
Aug 16, 2006
Business
GMR Airports Limited (GAL), Asia's largest private airport operator and the world's second-largest by passenger volume, develops, constructs, operates, and manages sustainable airports and provides integrated aviation services including retail, duty-free, food and beverage, cargo handling, car parking, operations and maintenance, project management consultancy, maintenance repair and overhaul, digital innovation through GMR Innovex, and aviation training via GMR Aero Academy; the company also pursues airport city developments and real estate adjacencies. Headquartered in New Delhi, India, and founded in 1996 as part of the GMR Group, GAL operates Indira Gandhi International Airport in Delhi, Rajiv Gandhi International Airport in Hyderabad, Goa International Airport, and Kualanamu International Airport in Medan, Indonesia, while providing technical services to Mactan Cebu International Airport in the Philippines and developing greenfield projects such as Bhogapuram Airport in India and Kastelli International Airport in Crete, Greece. GAL serves over 120 million passengers annually across its platforms, targeting airlines, passengers, cargo operators, and regional economic stakeholders in India, Indonesia, Philippines, and Greece. In 2024, GAL completed its merger with GMR Airports Infrastructure Limited (formerly GIL) to simplify its corporate structure, enhance shareholder value, and increase agility for growth; Groupe ADP remains a key strategic partner and co-promoter since 2020, bolstering global expertise in sustainability and operations. Recent developments include a Rs 5,000 crore fundraising approval in August 2025 via equity, non-convertible debentures, and foreign currency convertible bonds for a special purpose vehicle focused on the Delhi Cargo City project; a Rs 750 crore term loan secured by subsidiary GCLL from Axis Bank in November 2025 for the same initiative; and a Rs 2,600 crore loan for Nagpur airport expansion, alongside plans to reach over 400 million passenger capacity by 2030. GAL oversees airport security through subsidiary RAXA Security Services Limited and maintains high rankings from Airports Council International and Skytrax for operational excellence.