GMR Power and Urban Infra Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Power: 73.7% • Smart Meter Infrastructure: 19.3% • Roads: 3.0%
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 67.6%
- Operating margins have improved to 57.3% from 24.9%
- Institutional investors have been accumulating - FII+DII up 14.8pp
CONS
- Company is loss-making at the operating / net level
- Recent results are weak - TTM profit is down 283.0% versus prior year
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -13.5pp
- Interest coverage is weak at 0.6x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 214.50 | 29.02 | 413656.70 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 333.25 | 11.64 | 323141.40 | 2.70 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 265.95 | 15.56 | 247349.56 | 3.38 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1314.20 | 121.34 | 216471.89 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| ADANIENSOL | 1421.90 | 59.57 | 173891.90 | 0.00 | 12365.60 | 2194.43 | 97110.80 | 1324.06 | 9.71 | 31.27 |
| TATAPOWER | 369.00 | 30.52 | 117908.03 | 0.68 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 534.65 | 49.83 | 98027.15 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 76.80 | 20.32 | 77145.87 | 2.10 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 88.02 | 122.20 | 74168.55 | 0.00 | 3048.40 | 1282.62 | 11068.60 | 1527.23 | 3.73 | 91.95 |
| TORNTPOWER | 1304.15 | 28.28 | 65716.58 | 1.53 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 271.45 | 11.73 | 37640.25 | 1.42 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.27 | 32.83 |
| GMRP&UI | 94.83 | 13.07 | 7406.39 | 0.00 | -353.80 | -4827.58 | 17051.80 | 934.41 | 20.14 | 26.14 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 258 | 202 | 169 | 150 | 130 | 145 | 101 | 104 | 94 | 81 | 101 | 91 | 63 | |
| 119 | 112 | 83 | 64 | 55 | 54 | 47 | 45 | 32 | 36 | 38 | 51 | 103 | |
| Operating Profit | 139 | 90 | 85 | 87 | 75 | 91 | 54 | 59 | 62 | 45 | 63 | 40 | -40 |
| OPM % | 53.80% | 44.67% | 50.52% | 57.63% | 57.58% | 62.69% | 53.27% | 56.56% | 65.76% | 56.02% | 62.57% | 43.93% | -64.19% |
| -51 | 11 | 336 | 409 | -162 | 754 | 119 | 54 | 67 | 35 | 20 | -131 | 61 | |
| Interest | 111 | 104 | 109 | 123 | 114 | 63 | 54 | 63 | 105 | 84 | 74 | 86 | 61 |
| Depreciation | 4 | 4 | 4 | 4 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Profit before Tax | -26 | -6 | 308 | 369 | -204 | 782 | 119 | 50 | 24 | -3 | 8 | -179 | -96 |
| Tax % | -0.00% | -0.00% | 0.00% | 0.00% | -0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.00% | 0.00% | -0.00% | -0.00% |
| Net Profit | -26 | -6 | 308 | 369 | -204 | 782 | 119 | 50 | 24 | -3 | 8 | -179 | -96 |
| -0.44 | -0.10 | 5.11 | 6.11 | -3.38 | 11.13 | 1.66 | 0.70 | 0.34 | -0.05 | 0.12 | -2.35 | -1.23 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0 | 1,442 | 1,568 | 1,409 | 779 | 481 | 367 | 336 | |
| 0 | 1,011 | 1,094 | 1,090 | 378 | 202 | 157 | 227 | |
| Operating Profit | -0 | 431 | 474 | 319 | 401 | 279 | 211 | 108 |
| OPM % | — | 29.87% | 30.24% | 22.66% | 51.45% | 57.99% | 57.32% | 32.24% |
| 0 | -765 | 119 | -35 | 706 | 765 | -8 | -14 | |
| Interest | 0 | 814 | 623 | 551 | 447 | 293 | 348 | 304 |
| Depreciation | 0 | 21 | 19 | 16 | 15 | 4 | 4 | 6 |
| Profit before Tax | -0 | -1,169 | -49 | -283 | 645 | 747 | -150 | -270 |
| Tax % | -0.00% | 0.33% | -0.00% | -0.00% | 0.00% | 0.00% | -0.00% | -0.00% |
| Net Profit | -0 | -1,165 | -49 | -283 | 645 | 747 | -150 | -270 |
| EPS | -39.08 | -19.31 | -0.81 | -4.69 | 10.69 | 10.44 | -1.92 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -24%
- 3 Years:
- -36%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 38%
- 1 Year:
- -16%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 33%
- 3 Years:
- 68%
- Last Year:
- -6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 302 | 302 | 302 | 357 | 391 |
| 400 | 1,122 | 101 | 217 | 1,297 | 3,104 | |
| 4,824 | 4,580 | 3,709 | 3,964 | 1,921 | 2,037 | |
| Trade Payables | 506 | 518 | 496 | 392 | 296 | 222 |
| 1,442 | 2,043 | 2,227 | 1,937 | 814 | 307 | |
| Total Liabilities | 7,172 | 8,564 | 6,835 | 6,812 | 4,685 | 6,061 |
| 127 | 108 | 91 | 77 | 3 | 81 | |
| 3,191 | 4,590 | 3,035 | 3,384 | 1,803 | 4,040 | |
| 79 | 84 | 48 | 21 | 9 | 5 | |
| 0 | 0 | 0 | 42 | 143 | 275 | |
| Cash & Bank | 52 | 15 | 56 | 45 | 188 | 118 |
| 3,724 | 3,767 | 3,605 | 3,243 | 2,538 | 1,541 | |
| Total Assets | 7,172 | 8,564 | 6,835 | 6,812 | 4,685 | 6,061 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0 | 254 | 12 | 591 | 41 | -66 | -173 | |
| Cash from Investing | 0 | -1,319 | 496 | 1,091 | -158 | 32 | -296 |
| Cash from Financing | 0 | 1,076 | -523 | -1,672 | 121 | 183 | 393 |
| 0 | 18 | -18 | 9 | 4 | 148 | -76 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-28 - Copy of Newspaper Publication post dispatch of Notice and Annual report in respect of 7th AGM of the Company
2026-08-27 - Gmr Power And Urban Infra Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026
2026-08-26 - Gmr Power And Urban Infra Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Gmr Power And Urban Infra Limited has informed the Exchange about General Updates
2026-08-14 - Gmr Power And Urban Infra Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
2026-08-14 - Monitoring Agency Report for the quarter ended on June 30, 2026
2026-08-14 - Gmr Power And Urban Infra Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
2026-08-14 - Gmr Power And Urban Infra Limited has informed the Exchange regarding Change in Auditors of the company.
2026-08-14 - Gmr Power And Urban Infra Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
News
Recent coverage and analyst commentary for GMRP&UI
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GMR Power and Urban Infra Ltd.
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