GMR Airports Ltd

GMR Airports Ltd

GMRAIRPORT.BO
GMR Airports LtdIN flagBombay Stock Exchange
112.50
INR
+0.65
- -
1.19TMarket Cap
GMR Airports Ltd
GMRAIRPORT.BO
(Bombay Stock Exchange)

Recent

price

112.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
16.01
20.97
24.88
26.63
25.83
14.11
15.18
13.67
11.82
12.47
4.41
6.25
9.66
12.51
11.4
14.34
14.65
Revenue per Share
-2.35
-1.52
0.22
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
0.17
Basic EPS, GAAP
-13.11
-23.9
-17.9
-7.59
-2.1
1.88
6.45
2.71
-1.32
-2.55
-2.72
0.2
-2.85
-1.07
-0.75
1.51
- -
Free Cash Flow per Basic Share
0.02
0.01
0.02
0.14
0.14
0.01
- -
0.32
0.1
0.08
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.78
-0.82
-0.93
0.86
-7.26
-9.98
-10.35
-13.04
-17.85
-20.95
-19.88
-1.2
-1.83
-2.97
-1.62
1.02
1.04
Book Value per Share
9.48
-2.13
-3.68
-0.97
3.43
-0.11
5.71
3.08
-3.46
-4.96
-2.98
1.78
0.21
-2.92
-3.23
-2.52
-2.58
Tangible Book Value per Share
3,955
3,967
3,967
3,967
4,233
5,645
6,018
6,018
6,018
6,027
6,036
6,036
6,036
6,036
9,136
10,323
10,108
Basic Weighted Avg Shares
63,321
83,201
98,719
105,670
109,352
79,639
91,378
82,252
71,131
75,152
26,622
37,722
58,318
75,481
104,142
148,074
148,074
Sales/Revenue/Turnover
13.22
8.42
15.88
10.95
5.94
16.59
21.96
12.36
13.48
20.59
-0.74
31.7
11.48
18.1
17.84
28.2
28.2
Operating Margin (%)
7,890
9,793
11,130
15,231
19,813
18,204
15,434
10,491
9,851
10,642
10,045
9,736
10,424
14,659
19,104
18,367
- -
Depreciation Expense
-9,296
-6,033
881
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
1,755
Net Income, GAAP
- -
- -
61.5
58.84
- -
- -
659.1
- -
- -
- -
- -
- -
- -
- -
- -
19.4
19.23
Effective Tax Rate (%)
-14.68
-7.25
0.89
0.09
-25
-34.52
-6.18
-16.58
-50.34
-32.33
-105.08
-27.13
-3.07
-7.41
-3.77
1.19
1.19
Profit Margin (%)
-14,226
-78,234
-84,394
-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
-29,161
Working Capital
167,469
254,147
316,332
335,993
332,199
314,045
189,554
205,482
216,586
266,214
310,940
245,127
295,159
348,636
342,239
354,904
354,904
LT Debt
114,803
113,096
109,693
107,853
75,329
62,503
70,558
56,448
12,419
2,159
13,186
19,182
9,688
-8,697
-17,888
-15,492
-15,492
Total Equity
- -
- -
1.2
0.87
- -
- -
-30.71
- -
- -
- -
- -
- -
- -
- -
- -
8.61
8.63
Return on Invested Capital (%)
- -
- -
1.97
2.34
- -
- -
-45.62
- -
- -
- -
- -
- -
- -
- -
- -
7.2
7.22
Return on Capital (%)
-274.7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-20.79
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
41,631
- -
77,921
LT Borrowings
368,218
- -
344,983
LT Finance Leases
4,803
- -
9,922
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,559
- -
10,559
Market Capitalization
890,915
1,052,226
856,113

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
73,162
- -
97,924
Cash, Cash Equivalents & STI
56,013
- -
75,454
Accounts Receivable, Net
6,917
- -
5,963
Inventories
5,446
- -
5,402
Total Current Liabilities
92,063
- -
127,085
Payables & Accruals
- -
- -
- -
ST Debt
41,631
- -
77,921
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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
13.82%
41.18%
42.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,176
20,635
22,266
12,403
75,481
2025
24,022
24,955
26,532
28,633
104,142
2026
32,052
36,700
39,940
39,382
148,074

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.15
-0.53
- -
-0.93
2025
-0.23
-0.29
0.25
-0.23
-0.43
2026
-0.2
-0.04
0.12
0.29
0.17

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
GMR Airports Limited (GMRAIRPORT.BO) engages in the development, operation, and management of airport assets and related infrastructure, primarily through its role as a core asset owner and operator within the GMR Group. Founded in 2006 and headquartered in New Delhi, India, the company focuses on building, financing, and operating airport facilities and ancillary services across multiple jurisdictions, with a portfolio that includes existing international and domestic airport concessions and ongoing projects under development. Main Products and Services: - Airport development and operations: management, operation, and commercialization of airport assets; terminal facilities, airside and landside operations; passenger and baggage handling, security and safety systems; concessions management including retail, food & beverage, and duty-free offerings; ground handling and related support services. - Infrastructure development and capital projects: project design and execution for airport expansions, terminal modernization, airside upgrades, runway and taxiway enhancements; associated EPC capabilities and project finance execution; land monetization and mixed-use development initiatives around airport sites. - Ancillary services and ecosystem development: duty-free retail operations via airport concessions; commercial partnerships for airlines, cargo operators, and travel ecosystems; technology-enabled airport operations, including IT platforms for ticketing, security, and passenger flow optimization. - Strategic advisory and asset management: investment oversight, stakeholder coordination, and performance optimization across airport concessions; asset monetization strategies, including revenue diversification and efficiency improvements; risk management and compliance for regulated aviation environments. Latest Major Company Changes: - Strategic partnerships and alliances: execution of collaboration agreements with regional and international partners to accelerate airport development, operations optimization, and cross-border concessions. - Financing and capacity expansion: successful refinancing and capital-raising initiatives to support expansion programs; debt financing for ongoing airport capacity augmentation and modernization projects. - Project milestones and launches: progress updates on flagship airport projects with notable milestones in development, construction progress, and readiness for operation; initiation of land monetization strategies tied to mixed-use development near airport sites. - Corporate developments: ongoing organizational refinements and governance enhancements to support large-scale infrastructure programs, including potential reorganizations within the broader GMR Group framework to align with expansion plans. - Operational enhancements: scale-up of ORAT-oriented activities and readiness programs as projects near completion, with emphasis on seamless transition from construction to operations. Additional Context: - Industry and segments: aviation infrastructure, airport operations, and related services within the transport infrastructure sector; focus on airport concessions, terminal operations, and ancillary commercial streams; potential involvement in ancillary infrastructure and urban development linked to airport sites. - Target markets and customers: airlines, freight operators, travel/retail partners, and airport users including international and domestic passengers; public sector concession authorities and lenders as counterparties for project finance. - Geographic footprint: operations and development activities in India with potential international asset exposure through concessions or partnerships; project sites include major Indian airports under concession or development programs. - Founding year and headquarters: founded in 2006; headquarters located in New Delhi, India. - Subsidiaries and parent relationships: operates through a network of subsidiaries and affiliates under the GMR Group umbrella, with key airport concessions and development entities functioning as operating units within the group.