GMR Airports Ltd.
•₹ 99.63-0.78%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2022 • Airport Infrastructure: 61.4% • Power: 20.1% • EPC: 11.3% • Roads: 5.1% • Others: 2.0%
PROS
- Company is almost debt free
- Promoters have been increasing their shareholding - up 8.1pp over 2 years
- Latest quarter profit grew 207.9% YoY, showing strong momentum
- Working capital cycle has improved - days down from 47 to -106
- Institutional investors have been accumulating - FII+DII up 6.7pp
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- Company has a low return on equity of 0.0% over last 3 years
- Company has a low return on capital employed of 7.3%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.82x)
- Interest coverage is weak at 0.8x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GMRAIRPORT | 102.20 | 225.70 | 107912.73 | 0.00 | 147.96 | 207.91 | 3963.99 | 23.67 | 8.99 | 37.74 |
| 2. | DREAMFOLKS | 65.37 | 0.00 | 348.23 | 0.00 | -13.83 | -165.03 | 39.01 | -88.82 | 34.70 | -53.24 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,018 | 2,064 | 2,227 | 2,447 | 2,402 | 2,495 | 2,653 | 2,863 | 3,205 | 3,670 | 3,994 | 3,938 | 3,964 | |
| 1,266 | 1,337 | 1,558 | 1,630 | 1,506 | 1,636 | 1,662 | 1,854 | 2,041 | 2,223 | 2,293 | 2,493 | 3,910 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 109 | 99 | 124 | 124 | 120 | 103 | 95 | 113 | 115 | 84 | 89 | 105 | 121 |
| Interest | 576 | 673 | 857 | 823 | 889 | 1,031 | 829 | 955 | 949 | 1,043 | 917 | 950 | 938 |
| Depreciation | 296 | 373 | 393 | 405 | 466 | 474 | 479 | 491 | 489 | 431 | 465 | 452 | 456 |
| 65 | -252 | -488 | -187 | -339 | -435 | 187 | -234 | -112 | 92 | 225 | 141 | 223 | |
| Tax % | 149.54% | -21.77% | -4.43% | -10.28% | -11.15% | -9.84% | 23.57% | -24.32% | -64.58% | 73.60% | 31.93% | -69.62% | 33.70% |
| Net Profit | 0 | 0 | 0 | 0 | -338 | -429 | 202 | -253 | -137 | 35 | 174 | 4,005 | 148 |
| -0 | -0 | -1 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | |
| Equity Capital | 604 | 604 | 604 | 604 | 604 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 604 | 604 | 604 | 604 | 604 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 | 1,056 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 2,018
- 1,266
- Operating Profit
- —
- OPM %
- —
- Other Income
- 109
- Interest
- 576
- Depreciation
- 296
- 65
- Tax %
- 149.54%
- Net Profit
- 0
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,064
- 1,337
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 673
- Depreciation
- 373
- -252
- Tax %
- -21.77%
- Net Profit
- 0
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,227
- 1,558
- Operating Profit
- —
- OPM %
- —
- Other Income
- 124
- Interest
- 857
- Depreciation
- 393
- -488
- Tax %
- -4.43%
- Net Profit
- 0
- -1
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,447
- 1,630
- Operating Profit
- —
- OPM %
- —
- Other Income
- 124
- Interest
- 823
- Depreciation
- 405
- -187
- Tax %
- -10.28%
- Net Profit
- 0
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2,402
- 1,506
- Operating Profit
- —
- OPM %
- —
- Other Income
- 120
- Interest
- 889
- Depreciation
- 466
- -339
- Tax %
- -11.15%
- Net Profit
- -338
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 2,495
- 1,636
- Operating Profit
- —
- OPM %
- —
- Other Income
- 103
- Interest
- 1,031
- Depreciation
- 474
- -435
- Tax %
- -9.84%
- Net Profit
- -429
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,653
- 1,662
- Operating Profit
- —
- OPM %
- —
- Other Income
- 95
- Interest
- 829
- Depreciation
- 479
- 187
- Tax %
- 23.57%
- Net Profit
- 202
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,863
- 1,854
- Operating Profit
- —
- OPM %
- —
- Other Income
- 113
- Interest
- 955
- Depreciation
- 491
- -234
- Tax %
- -24.32%
- Net Profit
- -253
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 3,205
- 2,041
- Operating Profit
- —
- OPM %
- —
- Other Income
- 115
- Interest
- 949
- Depreciation
- 489
- -112
- Tax %
- -64.58%
- Net Profit
- -137
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3,670
- 2,223
- Operating Profit
- —
- OPM %
- —
- Other Income
- 84
- Interest
- 1,043
- Depreciation
- 431
- 92
- Tax %
- 73.60%
- Net Profit
- 35
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 3,994
- 2,293
- Operating Profit
- —
- OPM %
- —
- Other Income
- 89
- Interest
- 917
- Depreciation
- 465
- 225
- Tax %
- 31.93%
- Net Profit
- 174
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 3,938
- 2,493
- Operating Profit
- —
- OPM %
- —
- Other Income
- 105
- Interest
- 950
- Depreciation
- 452
- 141
- Tax %
- -69.62%
- Net Profit
- 4,005
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 3,964
- 3,910
- Operating Profit
- —
- OPM %
- —
- Other Income
- 121
- Interest
- 938
- Depreciation
- 456
- 223
- Tax %
- 33.70%
- Net Profit
- 148
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,261 | 9,557 | 8,721 | 7,576 | 8,556 | 3,566 | 4,601 | 6,674 | 8,755 | 10,414 | 15,566 | |
| 5,503 | 6,325 | 6,535 | 5,870 | 5,927 | 2,778 | 2,498 | 4,968 | 5,789 | 6,648 | 10,920 | |
| Operating Profit | 3,174 | 3,714 | 2,739 | 2,414 | 3,295 | 1,219 | 2,461 | 2,301 | 3,418 | 4,188 | — |
| OPM % | 38 | 39 | 31 | 32 | 39 | 34 | 53 | 34 | 39 | 40 | — |
| Other Income | 417 | 482 | 553 | 709 | 667 | 431 | 358 | 595 | 452 | 422 | 398 |
| Interest | 2,196 | 2,128 | 2,316 | 2,684 | 3,545 | 1,803 | 2,019 | 2,338 | 2,929 | 3,705 | 3,847 |
| Depreciation | 1,197 | 1,019 | 1,028 | 984 | 1,064 | 886 | 889 | 1,038 | 1,466 | 1,910 | 1,804 |
| -267 | 113 | -1,037 | -3,554 | -2,283 | -1,530 | -765 | -735 | -636 | -635 | 681 | |
| Tax % | -68 | 659 | -4 | 2 | 4 | 19 | 2 | -15 | -30 | -29 | 17 |
| Net Profit | -448 | -632 | -1,083 | -3,466 | -2,198 | -1,243 | -752 | -848 | -829 | -817 | 564 |
| EPS | -5 | -1 | -2 | -6 | -4 | -5 | -2 | -0 | -1 | -0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 37 | -217 | -249 | -224 | -227 | 630 | 108 | 661 | 268 | 424 | 56 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 242 |
| Adjusted EPS | -5 | -1 | -2 | -6 | -4 | -5 | -2 | -0 | -1 | -0 | — |
| Minority Interest | 37 | -217 | -249 | -224 | -227 | 630 | 108 | 661 | 268 | 424 | 56 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 242 |
| Adjusted EPS | -5 | -1 | -2 | -6 | -4 | -5 | -2 | -0 | -1 | -0 | — |
Mar 2016
- 8,261
- 5,503
- Operating Profit
- 3,174
- OPM %
- 38
- Other Income
- 417
- Interest
- 2,196
- Depreciation
- 1,197
- -267
- Tax %
- -68
- Net Profit
- -448
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 37
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 37
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2017
- 9,557
- 6,325
- Operating Profit
- 3,714
- OPM %
- 39
- Other Income
- 482
- Interest
- 2,128
- Depreciation
- 1,019
- 113
- Tax %
- 659
- Net Profit
- -632
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- -217
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- -217
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2018
- 8,721
- 6,535
- Operating Profit
- 2,739
- OPM %
- 31
- Other Income
- 553
- Interest
- 2,316
- Depreciation
- 1,028
- -1,037
- Tax %
- -4
- Net Profit
- -1,083
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- -249
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- -249
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2019
- 7,576
- 5,870
- Operating Profit
- 2,414
- OPM %
- 32
- Other Income
- 709
- Interest
- 2,684
- Depreciation
- 984
- -3,554
- Tax %
- 2
- Net Profit
- -3,466
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- -224
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- -224
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2020
- 8,556
- 5,927
- Operating Profit
- 3,295
- OPM %
- 39
- Other Income
- 667
- Interest
- 3,545
- Depreciation
- 1,064
- -2,283
- Tax %
- 4
- Net Profit
- -2,198
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- -227
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- -227
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2021
- 3,566
- 2,778
- Operating Profit
- 1,219
- OPM %
- 34
- Other Income
- 431
- Interest
- 1,803
- Depreciation
- 886
- -1,530
- Tax %
- 19
- Net Profit
- -1,243
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 630
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 630
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2022
- 4,601
- 2,498
- Operating Profit
- 2,461
- OPM %
- 53
- Other Income
- 358
- Interest
- 2,019
- Depreciation
- 889
- -765
- Tax %
- 2
- Net Profit
- -752
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 108
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 108
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2023
- 6,674
- 4,968
- Operating Profit
- 2,301
- OPM %
- 34
- Other Income
- 595
- Interest
- 2,338
- Depreciation
- 1,038
- -735
- Tax %
- -15
- Net Profit
- -848
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 661
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 661
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2024
- 8,755
- 5,789
- Operating Profit
- 3,418
- OPM %
- 39
- Other Income
- 452
- Interest
- 2,929
- Depreciation
- 1,466
- -636
- Tax %
- -30
- Net Profit
- -829
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 268
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 268
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2025
- 10,414
- 6,648
- Operating Profit
- 4,188
- OPM %
- 40
- Other Income
- 422
- Interest
- 3,705
- Depreciation
- 1,910
- -635
- Tax %
- -29
- Net Profit
- -817
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 424
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 424
- Share of Associates
- 0
- Adjusted EPS
- -0
TTM
- 15,566
- 10,920
- Operating Profit
- —
- OPM %
- —
- Other Income
- 398
- Interest
- 3,847
- Depreciation
- 1,804
- 681
- Tax %
- 17
- Net Profit
- 564
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 56
- Share of Associates
- 242
- Adjusted EPS
- —
- Minority Interest
- 56
- Share of Associates
- 242
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 0%
- 5 Years:
- 4%
- 3 Years:
- 31%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 10%
RETURN ON EQUITY
- 10 Years:
- -25%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 530 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 604 | 1,056 | |
| 4,387 | 4,739 | 3,215 | -1,057 | -3,062 | -2,322 | -1,421 | -1,396 | -2,768 | -3,559 | |
| 6,717 | 2,179 | 2,448 | 5,748 | 7,575 | 5,709 | 781 | 553 | 121 | 1,268 | |
| Trade Payables | 1,274 | 1,410 | 1,957 | 1,946 | 2,072 | 2,460 | 543 | 851 | 1,085 | 1,005 |
| 46,037 | 27,920 | 29,674 | 32,570 | 38,685 | 42,688 | 35,816 | 42,740 | 48,942 | 48,387 | |
| Total Liabilities | 58,944 | 36,852 | 37,898 | 39,811 | 45,872 | 49,138 | 36,323 | 43,351 | 47,984 | 48,156 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 32,254 | 13,253 | 12,839 | 12,940 | 12,686 | 12,238 | 10,325 | 15,157 | 28,737 | 28,218 | |
| Capital Work in Progress | 1,494 | 239 | 588 | 857 | 3,809 | 6,616 | 10,163 | 11,173 | 1,670 | 3,802 |
| 6,545 | 12,422 | 12,871 | 10,115 | 10,119 | 9,674 | 3,798 | 4,478 | 4,425 | 4,288 | |
| 224 | 129 | 104 | 113 | 191 | 175 | 92 | 135 | 130 | 162 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 482 | 531 | |
| Cash & Bank | 2,544 | 1,771 | 1,979 | 1,630 | 4,449 | 6,413 | 3,116 | 4,021 | 2,826 | 944 |
| 15,883 | 9,038 | 9,517 | 14,156 | 14,618 | 14,023 | 8,828 | 8,387 | 9,715 | 10,212 | |
| Total Assets | 58,944 | 36,852 | 37,898 | 39,811 | 45,872 | 49,138 | 36,323 | 43,351 | 47,984 | 48,156 |
| Total Debt | 39,444 | 21,484 | 23,067 | 27,580 | 34,326 | 36,742 | 26,516 | 31,943 | 35,285 | 37,634 |
| Net Working Capital | -4,115 | 385 | 848 | -3,558 | -4,023 | 122 | 211 | -201 | 1,134 | -3,024 |
| Contingent Liabilities | 7,337 | 11,755 | 10,178 | 11,034 | 7,358 | 6,928 | 6,100 | 5,086 | 3,615 | 1,314 |
| Book Value per Share | 9.28 | 8.85 | 6.33 | -0.75 | -4.07 | -2.85 | -1.35 | -1.31 | -3.59 | -2.37 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 39,444 | 21,484 | 23,067 | 27,580 | 34,326 | 36,742 | 26,516 | 31,943 | 35,285 | 37,634 |
| Net Working Capital | -4,115 | 385 | 848 | -3,558 | -4,023 | 122 | 211 | -201 | 1,134 | -3,024 |
| Contingent Liabilities | 7,337 | 11,755 | 10,178 | 11,034 | 7,358 | 6,928 | 6,100 | 5,086 | 3,615 | 1,314 |
| Book Value per Share | 9.28 | 8.85 | 6.33 | -0.75 | -4.07 | -2.85 | -1.35 | -1.31 | -3.59 | -2.37 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- 530
- 4,387
- 6,717
- Trade Payables
- 1,274
- 46,037
- Total Liabilities
- 58,944
- 32,254
- Capital Work in Progress
- 1,494
- 6,545
- 224
- 0
- Cash & Bank
- 2,544
- 15,883
- Total Assets
- 58,944
- Total Debt
- 39,444
- Net Working Capital
- -4,115
- Contingent Liabilities
- 7,337
- Book Value per Share
- 9.28
- Face Value
- 1.00
- Total Debt
- 39,444
- Net Working Capital
- -4,115
- Contingent Liabilities
- 7,337
- Book Value per Share
- 9.28
- Face Value
- 1.00
Mar 2017
- 604
- 4,739
- 2,179
- Trade Payables
- 1,410
- 27,920
- Total Liabilities
- 36,852
- 13,253
- Capital Work in Progress
- 239
- 12,422
- 129
- 0
- Cash & Bank
- 1,771
- 9,038
- Total Assets
- 36,852
- Total Debt
- 21,484
- Net Working Capital
- 385
- Contingent Liabilities
- 11,755
- Book Value per Share
- 8.85
- Face Value
- 1.00
- Total Debt
- 21,484
- Net Working Capital
- 385
- Contingent Liabilities
- 11,755
- Book Value per Share
- 8.85
- Face Value
- 1.00
Mar 2018
- 604
- 3,215
- 2,448
- Trade Payables
- 1,957
- 29,674
- Total Liabilities
- 37,898
- 12,839
- Capital Work in Progress
- 588
- 12,871
- 104
- 0
- Cash & Bank
- 1,979
- 9,517
- Total Assets
- 37,898
- Total Debt
- 23,067
- Net Working Capital
- 848
- Contingent Liabilities
- 10,178
- Book Value per Share
- 6.33
- Face Value
- 1.00
- Total Debt
- 23,067
- Net Working Capital
- 848
- Contingent Liabilities
- 10,178
- Book Value per Share
- 6.33
- Face Value
- 1.00
Mar 2019
- 604
- -1,057
- 5,748
- Trade Payables
- 1,946
- 32,570
- Total Liabilities
- 39,811
- 12,940
- Capital Work in Progress
- 857
- 10,115
- 113
- 0
- Cash & Bank
- 1,630
- 14,156
- Total Assets
- 39,811
- Total Debt
- 27,580
- Net Working Capital
- -3,558
- Contingent Liabilities
- 11,034
- Book Value per Share
- -0.75
- Face Value
- 1.00
- Total Debt
- 27,580
- Net Working Capital
- -3,558
- Contingent Liabilities
- 11,034
- Book Value per Share
- -0.75
- Face Value
- 1.00
Mar 2020
- 604
- -3,062
- 7,575
- Trade Payables
- 2,072
- 38,685
- Total Liabilities
- 45,872
- 12,686
- Capital Work in Progress
- 3,809
- 10,119
- 191
- 0
- Cash & Bank
- 4,449
- 14,618
- Total Assets
- 45,872
- Total Debt
- 34,326
- Net Working Capital
- -4,023
- Contingent Liabilities
- 7,358
- Book Value per Share
- -4.07
- Face Value
- 1.00
- Total Debt
- 34,326
- Net Working Capital
- -4,023
- Contingent Liabilities
- 7,358
- Book Value per Share
- -4.07
- Face Value
- 1.00
Mar 2021
- 604
- -2,322
- 5,709
- Trade Payables
- 2,460
- 42,688
- Total Liabilities
- 49,138
- 12,238
- Capital Work in Progress
- 6,616
- 9,674
- 175
- 0
- Cash & Bank
- 6,413
- 14,023
- Total Assets
- 49,138
- Total Debt
- 36,742
- Net Working Capital
- 122
- Contingent Liabilities
- 6,928
- Book Value per Share
- -2.85
- Face Value
- 1.00
- Total Debt
- 36,742
- Net Working Capital
- 122
- Contingent Liabilities
- 6,928
- Book Value per Share
- -2.85
- Face Value
- 1.00
Mar 2022
- 604
- -1,421
- 781
- Trade Payables
- 543
- 35,816
- Total Liabilities
- 36,323
- 10,325
- Capital Work in Progress
- 10,163
- 3,798
- 92
- 0
- Cash & Bank
- 3,116
- 8,828
- Total Assets
- 36,323
- Total Debt
- 26,516
- Net Working Capital
- 211
- Contingent Liabilities
- 6,100
- Book Value per Share
- -1.35
- Face Value
- 1.00
- Total Debt
- 26,516
- Net Working Capital
- 211
- Contingent Liabilities
- 6,100
- Book Value per Share
- -1.35
- Face Value
- 1.00
Mar 2023
- 604
- -1,396
- 553
- Trade Payables
- 851
- 42,740
- Total Liabilities
- 43,351
- 15,157
- Capital Work in Progress
- 11,173
- 4,478
- 135
- 0
- Cash & Bank
- 4,021
- 8,387
- Total Assets
- 43,351
- Total Debt
- 31,943
- Net Working Capital
- -201
- Contingent Liabilities
- 5,086
- Book Value per Share
- -1.31
- Face Value
- 1.00
- Total Debt
- 31,943
- Net Working Capital
- -201
- Contingent Liabilities
- 5,086
- Book Value per Share
- -1.31
- Face Value
- 1.00
Mar 2024
- 604
- -2,768
- 121
- Trade Payables
- 1,085
- 48,942
- Total Liabilities
- 47,984
- 28,737
- Capital Work in Progress
- 1,670
- 4,425
- 130
- 482
- Cash & Bank
- 2,826
- 9,715
- Total Assets
- 47,984
- Total Debt
- 35,285
- Net Working Capital
- 1,134
- Contingent Liabilities
- 3,615
- Book Value per Share
- -3.59
- Face Value
- 1.00
- Total Debt
- 35,285
- Net Working Capital
- 1,134
- Contingent Liabilities
- 3,615
- Book Value per Share
- -3.59
- Face Value
- 1.00
Mar 2025
- 1,056
- -3,559
- 1,268
- Trade Payables
- 1,005
- 48,387
- Total Liabilities
- 48,156
- 28,218
- Capital Work in Progress
- 3,802
- 4,288
- 162
- 531
- Cash & Bank
- 944
- 10,212
- Total Assets
- 48,156
- Total Debt
- 37,634
- Net Working Capital
- -3,024
- Contingent Liabilities
- 1,314
- Book Value per Share
- -2.37
- Face Value
- 1.00
- Total Debt
- 37,634
- Net Working Capital
- -3,024
- Contingent Liabilities
- 1,314
- Book Value per Share
- -2.37
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3,498 | 4,504 | 2,347 | 2,052 | 1,376 | 3 | 3,256 | 2,199 | 3,880 | 3,443 | |
| Cash from Investing | -1,668 | 1,793 | -1,014 | -3,605 | -990 | 2,433 | -1,897 | -2,322 | -5,788 | -3,673 |
| Cash from Financing | -2,018 | -5,727 | -1,191 | 816 | 1,617 | -1,056 | -3,894 | 1,731 | 467 | -1,010 |
| -188 | 570 | 142 | -737 | 2,003 | 1,381 | -2,534 | 1,608 | -1,442 | -1,240 | |
| Free Cash Flow | 3,498 | 4,504 | 1,922 | 659 | -2,350 | -3,343 | 1,452 | -4,547 | -1,598 | -20 |
| OCF / Net Profit | -7.80 | -7.13 | -2.17 | -0.59 | -0.63 | -0.00 | -4.33 | -2.59 | -4.68 | -4.21 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 8,233 | 1,392 | -1,661 | -8,130 | -10,386 | -8,056 |
| OCF / Net Profit | -7.80 | -7.13 | -2.17 | -0.59 | -0.63 | -0.00 | -4.33 | -2.59 | -4.68 | -4.21 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 8,233 | 1,392 | -1,661 | -8,130 | -10,386 | -8,056 |
Mar 2016
- 3,498
- Cash from Investing
- -1,668
- Cash from Financing
- -2,018
- -188
- Free Cash Flow
- 3,498
- OCF / Net Profit
- -7.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.80
- Cumulative 5-Year FCF
- 0
Mar 2017
- 4,504
- Cash from Investing
- 1,793
- Cash from Financing
- -5,727
- 570
- Free Cash Flow
- 4,504
- OCF / Net Profit
- -7.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.13
- Cumulative 5-Year FCF
- 0
Mar 2018
- 2,347
- Cash from Investing
- -1,014
- Cash from Financing
- -1,191
- 142
- Free Cash Flow
- 1,922
- OCF / Net Profit
- -2.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.17
- Cumulative 5-Year FCF
- 0
Mar 2019
- 2,052
- Cash from Investing
- -3,605
- Cash from Financing
- 816
- -737
- Free Cash Flow
- 659
- OCF / Net Profit
- -0.59
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.59
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1,376
- Cash from Investing
- -990
- Cash from Financing
- 1,617
- 2,003
- Free Cash Flow
- -2,350
- OCF / Net Profit
- -0.63
- Cumulative 5-Year FCF
- 8,233
- OCF / Net Profit
- -0.63
- Cumulative 5-Year FCF
- 8,233
Mar 2021
- 3
- Cash from Investing
- 2,433
- Cash from Financing
- -1,056
- 1,381
- Free Cash Flow
- -3,343
- OCF / Net Profit
- -0.00
- Cumulative 5-Year FCF
- 1,392
- OCF / Net Profit
- -0.00
- Cumulative 5-Year FCF
- 1,392
Mar 2022
- 3,256
- Cash from Investing
- -1,897
- Cash from Financing
- -3,894
- -2,534
- Free Cash Flow
- 1,452
- OCF / Net Profit
- -4.33
- Cumulative 5-Year FCF
- -1,661
- OCF / Net Profit
- -4.33
- Cumulative 5-Year FCF
- -1,661
Mar 2023
- 2,199
- Cash from Investing
- -2,322
- Cash from Financing
- 1,731
- 1,608
- Free Cash Flow
- -4,547
- OCF / Net Profit
- -2.59
- Cumulative 5-Year FCF
- -8,130
- OCF / Net Profit
- -2.59
- Cumulative 5-Year FCF
- -8,130
Mar 2024
- 3,880
- Cash from Investing
- -5,788
- Cash from Financing
- 467
- -1,442
- Free Cash Flow
- -1,598
- OCF / Net Profit
- -4.68
- Cumulative 5-Year FCF
- -10,386
- OCF / Net Profit
- -4.68
- Cumulative 5-Year FCF
- -10,386
Mar 2025
- 3,443
- Cash from Investing
- -3,673
- Cash from Financing
- -1,010
- -1,240
- Free Cash Flow
- -20
- OCF / Net Profit
- -4.21
- Cumulative 5-Year FCF
- -8,056
- OCF / Net Profit
- -4.21
- Cumulative 5-Year FCF
- -8,056
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -5.12 | -0.94 | -2.27 | -5.93 | -4.02 | -4.63 | -1.70 | -0.30 | -0.93 | -0.37 |
| Book Value (₹) | 9.28 | 8.85 | 6.33 | -0.75 | -4.07 | -2.85 | -1.35 | -1.31 | -3.59 | -2.37 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.41 | 0.64 | -0.09 | -4.11 | -1.88 | -0.59 | 0.23 | 0.31 | 1.06 | 1.04 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 38.42% | 38.86% | 31.41% | 31.87% | 38.51% | 34.17% | 53.49% | 34.48% | 33.88% | 36.16% |
| Net Margin % | -5.43% | -6.61% | -12.41% | -45.76% | -25.70% | -34.86% | -16.35% | -12.71% | -9.47% | -7.84% |
| ROE % | -9.29% | -12.32% | -23.64% | -206.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 3.85% | 6.29% | 4.76% | -3.22% | 4.28% | 0.82% | 4.13% | 5.64% | 7.13% | 8.99% |
| -0.71% | -1.32% | -2.90% | -8.92% | -5.13% | -2.62% | -1.76% | -2.13% | -1.82% | -1.70% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 70 | 62 | 73 | 77 | 61 | 131 | 60 | 20 | 18 | 18 |
| Inventory Days | 12 | 7 | 5 | 5 | 6 | 19 | 11 | 6 | 6 | 5 |
| Payable Days | 605 | 348 | 320 | 641 | 587 | 7499 | 3665 | 1358 | 1647 | 1209 |
| -524 | -279 | -242 | -558 | -519 | -7349 | -3594 | -1332 | -1624 | -1186 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 7.90x | 4.02x | 6.04x | -60.87x | -13.96x | -21.39x | -32.42x | -40.29x | -16.30x | -15.03x |
| Interest Coverage (x) | 0.88x | 1.05x | 0.55x | -0.32x | 0.36x | 0.15x | 0.62x | 0.69x | 0.78x | 0.83x |
| 0.65x | 1.05x | 1.10x | 0.75x | 0.75x | 1.01x | 1.03x | 0.98x | 1.18x | 0.66x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -24.10% | 15.69% | -8.74% | -13.13% | 12.93% | -58.32% | 29.02% | 45.06% | 31.18% | 18.96% |
| Operating Profit Growth % | 15.33% | 17.00% | -26.25% | -11.85% | 36.48% | -63.02% | 101.95% | -6.51% | 48.56% | 22.51% |
| Net Profit Growth % | 84.65% | -40.91% | -71.35% | -220.18% | 36.58% | 43.45% | 39.49% | -12.77% | 2.30% | 1.45% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -211.99% | 59.84% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -22.76x | -31.91x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.91x | 27.84x |
Mar 2016
- EPS (₹)
- -5.12
- Book Value (₹)
- 9.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.41
- Operating Margin %
- 38.42%
- Net Margin %
- -5.43%
- ROE %
- -9.29%
- ROCE %
- 3.85%
- -0.71%
- Debtor Days
- 70
- Inventory Days
- 12
- Payable Days
- 605
- -524
- Debt to Equity (x)
- 7.90x
- Interest Coverage (x)
- 0.88x
- 0.65x
- Revenue Growth %
- -24.10%
- Operating Profit Growth %
- 15.33%
- Net Profit Growth %
- 84.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -0.94
- Book Value (₹)
- 8.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.64
- Operating Margin %
- 38.86%
- Net Margin %
- -6.61%
- ROE %
- -12.32%
- ROCE %
- 6.29%
- -1.32%
- Debtor Days
- 62
- Inventory Days
- 7
- Payable Days
- 348
- -279
- Debt to Equity (x)
- 4.02x
- Interest Coverage (x)
- 1.05x
- 1.05x
- Revenue Growth %
- 15.69%
- Operating Profit Growth %
- 17.00%
- Net Profit Growth %
- -40.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -2.27
- Book Value (₹)
- 6.33
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.09
- Operating Margin %
- 31.41%
- Net Margin %
- -12.41%
- ROE %
- -23.64%
- ROCE %
- 4.76%
- -2.90%
- Debtor Days
- 73
- Inventory Days
- 5
- Payable Days
- 320
- -242
- Debt to Equity (x)
- 6.04x
- Interest Coverage (x)
- 0.55x
- 1.10x
- Revenue Growth %
- -8.74%
- Operating Profit Growth %
- -26.25%
- Net Profit Growth %
- -71.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -5.93
- Book Value (₹)
- -0.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.11
- Operating Margin %
- 31.87%
- Net Margin %
- -45.76%
- ROE %
- -206.01%
- ROCE %
- -3.22%
- -8.92%
- Debtor Days
- 77
- Inventory Days
- 5
- Payable Days
- 641
- -558
- Debt to Equity (x)
- -60.87x
- Interest Coverage (x)
- -0.32x
- 0.75x
- Revenue Growth %
- -13.13%
- Operating Profit Growth %
- -11.85%
- Net Profit Growth %
- -220.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -4.02
- Book Value (₹)
- -4.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.88
- Operating Margin %
- 38.51%
- Net Margin %
- -25.70%
- ROE %
- 0.00%
- ROCE %
- 4.28%
- -5.13%
- Debtor Days
- 61
- Inventory Days
- 6
- Payable Days
- 587
- -519
- Debt to Equity (x)
- -13.96x
- Interest Coverage (x)
- 0.36x
- 0.75x
- Revenue Growth %
- 12.93%
- Operating Profit Growth %
- 36.48%
- Net Profit Growth %
- 36.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -4.63
- Book Value (₹)
- -2.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.59
- Operating Margin %
- 34.17%
- Net Margin %
- -34.86%
- ROE %
- 0.00%
- ROCE %
- 0.82%
- -2.62%
- Debtor Days
- 131
- Inventory Days
- 19
- Payable Days
- 7499
- -7349
- Debt to Equity (x)
- -21.39x
- Interest Coverage (x)
- 0.15x
- 1.01x
- Revenue Growth %
- -58.32%
- Operating Profit Growth %
- -63.02%
- Net Profit Growth %
- 43.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -1.70
- Book Value (₹)
- -1.35
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.23
- Operating Margin %
- 53.49%
- Net Margin %
- -16.35%
- ROE %
- 0.00%
- ROCE %
- 4.13%
- -1.76%
- Debtor Days
- 60
- Inventory Days
- 11
- Payable Days
- 3665
- -3594
- Debt to Equity (x)
- -32.42x
- Interest Coverage (x)
- 0.62x
- 1.03x
- Revenue Growth %
- 29.02%
- Operating Profit Growth %
- 101.95%
- Net Profit Growth %
- 39.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -0.30
- Book Value (₹)
- -1.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.31
- Operating Margin %
- 34.48%
- Net Margin %
- -12.71%
- ROE %
- 0.00%
- ROCE %
- 5.64%
- -2.13%
- Debtor Days
- 20
- Inventory Days
- 6
- Payable Days
- 1358
- -1332
- Debt to Equity (x)
- -40.29x
- Interest Coverage (x)
- 0.69x
- 0.98x
- Revenue Growth %
- 45.06%
- Operating Profit Growth %
- -6.51%
- Net Profit Growth %
- -12.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.93
- Book Value (₹)
- -3.59
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.06
- Operating Margin %
- 33.88%
- Net Margin %
- -9.47%
- ROE %
- 0.00%
- ROCE %
- 7.13%
- -1.82%
- Debtor Days
- 18
- Inventory Days
- 6
- Payable Days
- 1647
- -1624
- Debt to Equity (x)
- -16.30x
- Interest Coverage (x)
- 0.78x
- 1.18x
- Revenue Growth %
- 31.18%
- Operating Profit Growth %
- 48.56%
- Net Profit Growth %
- 2.30%
- -211.99%
- P/E (x)
- 0.00x
- P/B (x)
- -22.76x
- Dividend Yield %
- 0.00%
- 23.91x
Mar 2025
- EPS (₹)
- -0.37
- Book Value (₹)
- -2.37
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.04
- Operating Margin %
- 36.16%
- Net Margin %
- -7.84%
- ROE %
- 0.00%
- ROCE %
- 8.99%
- -1.70%
- Debtor Days
- 18
- Inventory Days
- 5
- Payable Days
- 1209
- -1186
- Debt to Equity (x)
- -15.03x
- Interest Coverage (x)
- 0.83x
- 0.66x
- Revenue Growth %
- 18.96%
- Operating Profit Growth %
- 22.51%
- Net Profit Growth %
- 1.45%
- 59.84%
- P/E (x)
- 0.00x
- P/B (x)
- -31.91x
- Dividend Yield %
- 0.00%
- 27.84x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-19 - GMR AIRPORTS LIMITED has informed the Exchange about Transcript of Earnings Call on the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026
- Commencement of commercial production/operations
2026-08-17 - GMR AIRPORTS LIMITED has informed the Exchange about Commencement of commercial production/operations
Annual Reports
Credit Ratings
- Credit Rating
2026-07-10 - GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating
- Credit Rating
2026-02-13 - GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating
- Credit Rating
2025-12-20 - GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026