GMR Airports Ltd.
•₹ 99.63-0.78%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 8.1pp over 2 years
- Latest quarter profit grew 132.4% YoY, showing strong momentum
- Operating margins have improved to 53.9% from -10.0%
- Institutional investors have been accumulating - FII+DII up 6.7pp
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Company has a low return on equity of -2.3% over last 3 years
- Company has a low return on capital employed of 0.4%
- Interest coverage is weak at 0.8x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.18x)
* 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 | 100.10 | 221.06 | 105695.35 | 0.00 | 147.96 | 207.91 | 3963.99 | 23.67 | 8.99 | 37.74 |
| 2. | DREAMFOLKS | 68.38 | 0.00 | 364.26 | 0.00 | -13.83 | -165.03 | 39.01 | -88.82 | 34.70 | -53.24 |
Detailed Comparison with:
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 150 | 178 | 197 | 297 | 202 | 282 | 271 | 508 | 478 | 945 | 1,239 | 1,581 | 1,224 | |
| 69 | 90 | 117 | 199 | 114 | 168 | 156 | 149 | 368 | 706 | 895 | 906 | 1,151 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 2 | 3 | 9 | 0 | 1 | 6 | 2 | 13 | 3 | 16 | 22 | 6 |
| Interest | 183 | 177 | 272 | 251 | 228 | 281 | 165 | 288 | 297 | 384 | 281 | 292 | 290 |
| Depreciation | 2 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 13 | 20 | 20 | 21 |
| -103 | -90 | -195 | -150 | -143 | -64 | -49 | 68 | -178 | -155 | 50 | 379 | 79 | |
| Tax % | -1.74% | -0.76% | -0.86% | -0.28% | -1.72% | 0.13% | -0.82% | 0.00% | -0.00% | 14.16% | 0.00% | -6.27% | 26.66% |
| Net Profit | -105 | -91 | -197 | -150 | -146 | -63 | -49 | 68 | -178 | -133 | 50 | 403 | 58 |
| -11 | -0 | -0 | -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
- 150
- 69
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 183
- Depreciation
- 2
- -103
- Tax %
- -1.74%
- Net Profit
- -105
- -11
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 178
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 177
- Depreciation
- 3
- -90
- Tax %
- -0.76%
- Net Profit
- -91
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 197
- 117
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 272
- Depreciation
- 4
- -195
- Tax %
- -0.86%
- Net Profit
- -197
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 297
- 199
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 251
- Depreciation
- 4
- -150
- Tax %
- -0.28%
- Net Profit
- -150
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 202
- 114
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 228
- Depreciation
- 4
- -143
- Tax %
- -1.72%
- Net Profit
- -146
- -0
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 604
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 282
- 168
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 281
- Depreciation
- 4
- -64
- Tax %
- 0.13%
- Net Profit
- -63
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 271
- 156
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 165
- Depreciation
- 5
- -49
- Tax %
- -0.82%
- Net Profit
- -49
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 508
- 149
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 288
- Depreciation
- 4
- 68
- Tax %
- 0.00%
- Net Profit
- 68
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 478
- 368
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 297
- Depreciation
- 4
- -178
- Tax %
- -0.00%
- Net Profit
- -178
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 945
- 706
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 384
- Depreciation
- 13
- -155
- Tax %
- 14.16%
- Net Profit
- -133
- -0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,239
- 895
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 281
- Depreciation
- 20
- 50
- Tax %
- 0.00%
- Net Profit
- 50
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,581
- 906
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 292
- Depreciation
- 20
- 379
- Tax %
- -6.27%
- Net Profit
- 403
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,224
- 1,151
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 290
- Depreciation
- 21
- 79
- Tax %
- 26.66%
- Net Profit
- 58
- 0
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,056
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,239 | 1,180 | 742 | 1,101 | 1,155 | 7 | 39 | 623 | 822 | 1,263 | 4,989 | |
| 222 | 451 | 811 | 845 | 710 | 32 | 44 | 372 | 475 | 582 | 3,659 | |
| Operating Profit | 1,034 | 731 | 347 | 304 | 453 | -24 | -4 | 471 | 362 | 685 | — |
| OPM % | 83 | 62 | 47 | 28 | 39 | -327 | -10 | 76 | 44 | 54 | — |
| Other Income | 17 | 3 | 416 | 48 | 8 | 1 | 1 | 220 | 15 | 4 | 46 |
| Interest | 708 | 745 | 822 | 846 | 893 | 78 | 79 | 1,008 | 882 | 962 | 1,246 |
| Depreciation | 16 | 16 | 19 | 24 | 24 | 1 | 1 | 2 | 13 | 17 | 73 |
| -1,706 | -3,684 | -588 | -1,042 | -1,454 | -117 | -101 | -1,184 | -537 | -188 | 353 | |
| Tax % | -1 | -0 | -0 | 1 | -2 | 0 | -58 | 0 | -1 | -1 | -7 |
| Net Profit | -1,720 | -3,684 | -588 | -1,034 | -1,479 | -117 | -159 | -1,183 | -542 | -191 | 378 |
| EPS | -3 | -6 | -1 | -2 | -2 | -2 | -1 | -1 | -1 | -0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | -6 | -1 | -2 | -2 | -0 | -0 | -2 | -1 | -0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | -6 | -1 | -2 | -2 | -0 | -0 | -2 | -1 | -0 | — |
Mar 2016
- 1,239
- 222
- Operating Profit
- 1,034
- OPM %
- 83
- Other Income
- 17
- Interest
- 708
- Depreciation
- 16
- -1,706
- Tax %
- -1
- Net Profit
- -1,720
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2017
- 1,180
- 451
- Operating Profit
- 731
- OPM %
- 62
- Other Income
- 3
- Interest
- 745
- Depreciation
- 16
- -3,684
- Tax %
- -0
- Net Profit
- -3,684
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2018
- 742
- 811
- Operating Profit
- 347
- OPM %
- 47
- Other Income
- 416
- Interest
- 822
- Depreciation
- 19
- -588
- Tax %
- -0
- Net Profit
- -588
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2019
- 1,101
- 845
- Operating Profit
- 304
- OPM %
- 28
- Other Income
- 48
- Interest
- 846
- Depreciation
- 24
- -1,042
- Tax %
- 1
- Net Profit
- -1,034
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2020
- 1,155
- 710
- Operating Profit
- 453
- OPM %
- 39
- Other Income
- 8
- Interest
- 893
- Depreciation
- 24
- -1,454
- Tax %
- -2
- Net Profit
- -1,479
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2021
- 7
- 32
- Operating Profit
- -24
- OPM %
- -327
- Other Income
- 1
- Interest
- 78
- Depreciation
- 1
- -117
- Tax %
- 0
- Net Profit
- -117
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 39
- 44
- Operating Profit
- -4
- OPM %
- -10
- Other Income
- 1
- Interest
- 79
- Depreciation
- 1
- -101
- Tax %
- -58
- Net Profit
- -159
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2023
- 623
- 372
- Operating Profit
- 471
- OPM %
- 76
- Other Income
- 220
- Interest
- 1,008
- Depreciation
- 2
- -1,184
- Tax %
- 0
- Net Profit
- -1,183
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 822
- 475
- Operating Profit
- 362
- OPM %
- 44
- Other Income
- 15
- Interest
- 882
- Depreciation
- 13
- -537
- Tax %
- -1
- Net Profit
- -542
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2025
- 1,263
- 582
- Operating Profit
- 685
- OPM %
- 54
- Other Income
- 4
- Interest
- 962
- Depreciation
- 17
- -188
- Tax %
- -1
- Net Profit
- -191
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
TTM
- 4,989
- 3,659
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 1,246
- Depreciation
- 73
- 353
- Tax %
- -7
- Net Profit
- 378
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 2%
- 3 Years:
- 219%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 12%
RETURN ON EQUITY
- 10 Years:
- -10%
- 5 Years:
- -2%
- 3 Years:
- -2%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
| 9,564 | 5,914 | 16,510 | 11,098 | 11,464 | 9,134 | 9,788 | 33,134 | 52,433 | 52,995 | |
| 399 | 671 | 1,403 | 1,750 | 1,565 | 1,201 | 140 | 3,303 | 181 | 2 | |
| Trade Payables | 100 | 220 | 333 | 496 | 552 | 563 | 18 | 118 | 101 | 93 |
| 5,956 | 5,936 | 7,557 | 8,345 | 10,096 | 6,764 | 2,533 | 15,281 | 24,448 | 18,937 | |
| Total Liabilities | 16,548 | 13,344 | 26,407 | 22,293 | 24,282 | 18,265 | 13,084 | 52,441 | 77,768 | 73,082 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 76 | 71 | 119 | 159 | 135 | 129 | 1 | 7 | 215 | 210 | |
| Capital Work in Progress | 0 | 0 | 21 | 0 | 0 | 0 | 0 | 46 | 5 | 2 |
| 9,055 | 9,824 | 22,620 | 12,239 | 15,117 | 13,805 | 12,614 | 47,850 | 74,491 | 69,613 | |
| 9 | 66 | 38 | 45 | 98 | 79 | 0 | 0 | 2 | 3 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143 | 166 | |
| Cash & Bank | 334 | 45 | 93 | 25 | 25 | 85 | 15 | 2,508 | 41 | 49 |
| 7,075 | 3,337 | 3,516 | 9,825 | 8,906 | 4,168 | 454 | 2,028 | 2,871 | 3,039 | |
| Total Assets | 16,548 | 13,344 | 26,407 | 22,293 | 24,282 | 18,265 | 13,084 | 52,441 | 77,768 | 73,082 |
| Total Debt | 5,649 | 5,969 | 6,775 | 7,186 | 8,181 | 5,136 | 760 | 7,731 | 7,688 | 8,644 |
| Net Working Capital | 462 | -284 | -1,198 | -2,351 | -2,001 | -1,948 | -8 | -745 | 161 | 544 |
| Contingent Liabilities | 17,120 | 13,775 | 15,729 | 15,251 | 13,505 | 11,259 | 7,107 | 11,206 | 3,583 | 1,331 |
| Book Value per Share | 19.06 | 10.80 | 28.35 | 19.39 | 19.99 | 16.13 | 17.22 | 55.90 | 87.87 | 51.19 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 5,649 | 5,969 | 6,775 | 7,186 | 8,181 | 5,136 | 760 | 7,731 | 7,688 | 8,644 |
| Net Working Capital | 462 | -284 | -1,198 | -2,351 | -2,001 | -1,948 | -8 | -745 | 161 | 544 |
| Contingent Liabilities | 17,120 | 13,775 | 15,729 | 15,251 | 13,505 | 11,259 | 7,107 | 11,206 | 3,583 | 1,331 |
| Book Value per Share | 19.06 | 10.80 | 28.35 | 19.39 | 19.99 | 16.13 | 17.22 | 55.90 | 87.87 | 51.19 |
| 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
- 9,564
- 399
- Trade Payables
- 100
- 5,956
- Total Liabilities
- 16,548
- 76
- Capital Work in Progress
- 0
- 9,055
- 9
- 0
- Cash & Bank
- 334
- 7,075
- Total Assets
- 16,548
- Total Debt
- 5,649
- Net Working Capital
- 462
- Contingent Liabilities
- 17,120
- Book Value per Share
- 19.06
- Face Value
- 1.00
- Total Debt
- 5,649
- Net Working Capital
- 462
- Contingent Liabilities
- 17,120
- Book Value per Share
- 19.06
- Face Value
- 1.00
Mar 2017
- 604
- 5,914
- 671
- Trade Payables
- 220
- 5,936
- Total Liabilities
- 13,344
- 71
- Capital Work in Progress
- 0
- 9,824
- 66
- 0
- Cash & Bank
- 45
- 3,337
- Total Assets
- 13,344
- Total Debt
- 5,969
- Net Working Capital
- -284
- Contingent Liabilities
- 13,775
- Book Value per Share
- 10.80
- Face Value
- 1.00
- Total Debt
- 5,969
- Net Working Capital
- -284
- Contingent Liabilities
- 13,775
- Book Value per Share
- 10.80
- Face Value
- 1.00
Mar 2018
- 604
- 16,510
- 1,403
- Trade Payables
- 333
- 7,557
- Total Liabilities
- 26,407
- 119
- Capital Work in Progress
- 21
- 22,620
- 38
- 0
- Cash & Bank
- 93
- 3,516
- Total Assets
- 26,407
- Total Debt
- 6,775
- Net Working Capital
- -1,198
- Contingent Liabilities
- 15,729
- Book Value per Share
- 28.35
- Face Value
- 1.00
- Total Debt
- 6,775
- Net Working Capital
- -1,198
- Contingent Liabilities
- 15,729
- Book Value per Share
- 28.35
- Face Value
- 1.00
Mar 2019
- 604
- 11,098
- 1,750
- Trade Payables
- 496
- 8,345
- Total Liabilities
- 22,293
- 159
- Capital Work in Progress
- 0
- 12,239
- 45
- 0
- Cash & Bank
- 25
- 9,825
- Total Assets
- 22,293
- Total Debt
- 7,186
- Net Working Capital
- -2,351
- Contingent Liabilities
- 15,251
- Book Value per Share
- 19.39
- Face Value
- 1.00
- Total Debt
- 7,186
- Net Working Capital
- -2,351
- Contingent Liabilities
- 15,251
- Book Value per Share
- 19.39
- Face Value
- 1.00
Mar 2020
- 604
- 11,464
- 1,565
- Trade Payables
- 552
- 10,096
- Total Liabilities
- 24,282
- 135
- Capital Work in Progress
- 0
- 15,117
- 98
- 0
- Cash & Bank
- 25
- 8,906
- Total Assets
- 24,282
- Total Debt
- 8,181
- Net Working Capital
- -2,001
- Contingent Liabilities
- 13,505
- Book Value per Share
- 19.99
- Face Value
- 1.00
- Total Debt
- 8,181
- Net Working Capital
- -2,001
- Contingent Liabilities
- 13,505
- Book Value per Share
- 19.99
- Face Value
- 1.00
Mar 2021
- 604
- 9,134
- 1,201
- Trade Payables
- 563
- 6,764
- Total Liabilities
- 18,265
- 129
- Capital Work in Progress
- 0
- 13,805
- 79
- 0
- Cash & Bank
- 85
- 4,168
- Total Assets
- 18,265
- Total Debt
- 5,136
- Net Working Capital
- -1,948
- Contingent Liabilities
- 11,259
- Book Value per Share
- 16.13
- Face Value
- 1.00
- Total Debt
- 5,136
- Net Working Capital
- -1,948
- Contingent Liabilities
- 11,259
- Book Value per Share
- 16.13
- Face Value
- 1.00
Mar 2022
- 604
- 9,788
- 140
- Trade Payables
- 18
- 2,533
- Total Liabilities
- 13,084
- 1
- Capital Work in Progress
- 0
- 12,614
- 0
- 0
- Cash & Bank
- 15
- 454
- Total Assets
- 13,084
- Total Debt
- 760
- Net Working Capital
- -8
- Contingent Liabilities
- 7,107
- Book Value per Share
- 17.22
- Face Value
- 1.00
- Total Debt
- 760
- Net Working Capital
- -8
- Contingent Liabilities
- 7,107
- Book Value per Share
- 17.22
- Face Value
- 1.00
Mar 2023
- 604
- 33,134
- 3,303
- Trade Payables
- 118
- 15,281
- Total Liabilities
- 52,441
- 7
- Capital Work in Progress
- 46
- 47,850
- 0
- 0
- Cash & Bank
- 2,508
- 2,028
- Total Assets
- 52,441
- Total Debt
- 7,731
- Net Working Capital
- -745
- Contingent Liabilities
- 11,206
- Book Value per Share
- 55.90
- Face Value
- 1.00
- Total Debt
- 7,731
- Net Working Capital
- -745
- Contingent Liabilities
- 11,206
- Book Value per Share
- 55.90
- Face Value
- 1.00
Mar 2024
- 604
- 52,433
- 181
- Trade Payables
- 101
- 24,448
- Total Liabilities
- 77,768
- 215
- Capital Work in Progress
- 5
- 74,491
- 2
- 143
- Cash & Bank
- 41
- 2,871
- Total Assets
- 77,768
- Total Debt
- 7,688
- Net Working Capital
- 161
- Contingent Liabilities
- 3,583
- Book Value per Share
- 87.87
- Face Value
- 1.00
- Total Debt
- 7,688
- Net Working Capital
- 161
- Contingent Liabilities
- 3,583
- Book Value per Share
- 87.87
- Face Value
- 1.00
Mar 2025
- 1,056
- 52,995
- 2
- Trade Payables
- 93
- 18,937
- Total Liabilities
- 73,082
- 210
- Capital Work in Progress
- 2
- 69,613
- 3
- 166
- Cash & Bank
- 49
- 3,039
- Total Assets
- 73,082
- Total Debt
- 8,644
- Net Working Capital
- 544
- Contingent Liabilities
- 1,331
- Book Value per Share
- 51.19
- Face Value
- 1.00
- Total Debt
- 8,644
- Net Working Capital
- 544
- Contingent Liabilities
- 1,331
- Book Value per Share
- 51.19
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -23 | 47 | -170 | 452 | -154 | 46 | -25 | 2 | -66 | 413 | |
| Cash from Investing | -1,538 | -9 | -25 | 75 | 43 | 2,622 | 223 | 209 | -1,203 | -1,132 |
| Cash from Financing | 1,498 | -335 | 248 | -591 | 123 | -2,634 | -233 | 2,112 | -1,161 | 704 |
| -63 | -298 | 53 | -63 | 11 | 34 | -35 | 2,323 | -2,430 | -16 | |
| Free Cash Flow | -23 | 35 | -256 | 409 | -154 | 40 | -25 | -63 | -245 | 405 |
| OCF / Net Profit | 0.01 | -0.01 | 0.29 | -0.44 | 0.10 | -0.40 | 0.16 | -0.00 | 0.12 | -2.16 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 10 | 73 | 14 | 207 | -447 | 112 |
| OCF / Net Profit | 0.01 | -0.01 | 0.29 | -0.44 | 0.10 | -0.40 | 0.16 | -0.00 | 0.12 | -2.16 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 10 | 73 | 14 | 207 | -447 | 112 |
Mar 2016
- -23
- Cash from Investing
- -1,538
- Cash from Financing
- 1,498
- -63
- Free Cash Flow
- -23
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- 0
Mar 2017
- 47
- Cash from Investing
- -9
- Cash from Financing
- -335
- -298
- Free Cash Flow
- 35
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- 0
Mar 2018
- -170
- Cash from Investing
- -25
- Cash from Financing
- 248
- 53
- Free Cash Flow
- -256
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 0
Mar 2019
- 452
- Cash from Investing
- 75
- Cash from Financing
- -591
- -63
- Free Cash Flow
- 409
- OCF / Net Profit
- -0.44
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.44
- Cumulative 5-Year FCF
- 0
Mar 2020
- -154
- Cash from Investing
- 43
- Cash from Financing
- 123
- 11
- Free Cash Flow
- -154
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 10
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 10
Mar 2021
- 46
- Cash from Investing
- 2,622
- Cash from Financing
- -2,634
- 34
- Free Cash Flow
- 40
- OCF / Net Profit
- -0.40
- Cumulative 5-Year FCF
- 73
- OCF / Net Profit
- -0.40
- Cumulative 5-Year FCF
- 73
Mar 2022
- -25
- Cash from Investing
- 223
- Cash from Financing
- -233
- -35
- Free Cash Flow
- -25
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 14
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 14
Mar 2023
- 2
- Cash from Investing
- 209
- Cash from Financing
- 2,112
- 2,323
- Free Cash Flow
- -63
- OCF / Net Profit
- -0.00
- Cumulative 5-Year FCF
- 207
- OCF / Net Profit
- -0.00
- Cumulative 5-Year FCF
- 207
Mar 2024
- -66
- Cash from Investing
- -1,203
- Cash from Financing
- -1,161
- -2,430
- Free Cash Flow
- -245
- OCF / Net Profit
- 0.12
- Cumulative 5-Year FCF
- -447
- OCF / Net Profit
- 0.12
- Cumulative 5-Year FCF
- -447
Mar 2025
- 413
- Cash from Investing
- -1,132
- Cash from Financing
- 704
- -16
- Free Cash Flow
- 405
- OCF / Net Profit
- -2.16
- Cumulative 5-Year FCF
- 112
- OCF / Net Profit
- -2.16
- Cumulative 5-Year FCF
- 112
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -3.25 | -6.10 | -0.97 | -1.71 | -2.45 | -0.19 | -0.26 | -1.96 | -0.90 | -0.18 |
| Book Value (₹) | 19.06 | 10.80 | 28.35 | 19.39 | 19.99 | 16.13 | 17.22 | 55.90 | 87.87 | 51.19 |
| 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 (₹) | -3.22 | -6.08 | -0.94 | -1.67 | -2.41 | -0.19 | -0.26 | -1.96 | -0.88 | -0.16 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 83.46% | 61.96% | 46.78% | 27.58% | 39.20% | -327.42% | -10.01% | 75.59% | 42.23% | 53.95% |
| Net Margin % | -138.82% | -312.27% | -79.15% | -93.94% | -128.05% | -1590.45% | -407.86% | -189.74% | -65.91% | -15.10% |
| ROE % | -18.68% | -44.36% | -4.97% | -7.18% | -12.45% | -1.07% | -1.58% | -5.36% | -1.25% | -0.36% |
| ROCE % | -6.52% | -20.77% | 1.29% | -0.92% | -2.87% | -0.22% | -0.17% | -0.66% | 0.67% | 1.25% |
| -10.84% | -24.65% | -2.96% | -4.25% | -6.35% | -0.55% | -1.02% | -3.61% | -0.83% | -0.25% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 38 | 28 | 29 | 74 | 148 | 0 | 1677 | 36 | 53 | 45 |
| Inventory Days | 2 | 12 | 26 | 14 | 23 | 4411 | 0 | 0 | 1 | 1 |
| Payable Days | 1726 | 516 | 268 | 338 | 531 | 0 | 5344 | 5333 | 0 | 7235 |
| -1686 | -476 | -213 | -250 | -361 | 4411 | -3667 | -5297 | 54 | -7189 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.56x | 0.92x | 0.40x | 0.61x | 0.68x | 0.53x | 0.07x | 0.23x | 0.14x | 0.16x |
| Interest Coverage (x) | -1.41x | -3.95x | 0.28x | -0.23x | -0.63x | -0.49x | -0.27x | -0.18x | 0.39x | 0.80x |
| 1.41x | 0.82x | 0.47x | 0.44x | 0.59x | 0.53x | 0.97x | 0.83x | 1.30x | 2.04x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 90.72% | -4.79% | -37.07% | 48.29% | 4.91% | -99.37% | 432.88% | 1495.62% | 31.92% | 53.67% |
| Operating Profit Growth % | 120.43% | -29.32% | -52.49% | -12.55% | 49.08% | -105.30% | 83.71% | 0.00% | -23.15% | 89.26% |
| Net Profit Growth % | -387.80% | -114.16% | 84.05% | -76.01% | -43.01% | 92.12% | -36.65% | -642.30% | 54.18% | 64.80% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 54.18% | 79.88% | |
| 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 | 0.93x | 1.48x |
| 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 | 157.18x | 129.12x |
Mar 2016
- EPS (₹)
- -3.25
- Book Value (₹)
- 19.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.22
- Operating Margin %
- 83.46%
- Net Margin %
- -138.82%
- ROE %
- -18.68%
- ROCE %
- -6.52%
- -10.84%
- Debtor Days
- 38
- Inventory Days
- 2
- Payable Days
- 1726
- -1686
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- -1.41x
- 1.41x
- Revenue Growth %
- 90.72%
- Operating Profit Growth %
- 120.43%
- Net Profit Growth %
- -387.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -6.10
- Book Value (₹)
- 10.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -6.08
- Operating Margin %
- 61.96%
- Net Margin %
- -312.27%
- ROE %
- -44.36%
- ROCE %
- -20.77%
- -24.65%
- Debtor Days
- 28
- Inventory Days
- 12
- Payable Days
- 516
- -476
- Debt to Equity (x)
- 0.92x
- Interest Coverage (x)
- -3.95x
- 0.82x
- Revenue Growth %
- -4.79%
- Operating Profit Growth %
- -29.32%
- Net Profit Growth %
- -114.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -0.97
- Book Value (₹)
- 28.35
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.94
- Operating Margin %
- 46.78%
- Net Margin %
- -79.15%
- ROE %
- -4.97%
- ROCE %
- 1.29%
- -2.96%
- Debtor Days
- 29
- Inventory Days
- 26
- Payable Days
- 268
- -213
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 0.28x
- 0.47x
- Revenue Growth %
- -37.07%
- Operating Profit Growth %
- -52.49%
- Net Profit Growth %
- 84.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -1.71
- Book Value (₹)
- 19.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.67
- Operating Margin %
- 27.58%
- Net Margin %
- -93.94%
- ROE %
- -7.18%
- ROCE %
- -0.92%
- -4.25%
- Debtor Days
- 74
- Inventory Days
- 14
- Payable Days
- 338
- -250
- Debt to Equity (x)
- 0.61x
- Interest Coverage (x)
- -0.23x
- 0.44x
- Revenue Growth %
- 48.29%
- Operating Profit Growth %
- -12.55%
- Net Profit Growth %
- -76.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -2.45
- Book Value (₹)
- 19.99
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.41
- Operating Margin %
- 39.20%
- Net Margin %
- -128.05%
- ROE %
- -12.45%
- ROCE %
- -2.87%
- -6.35%
- Debtor Days
- 148
- Inventory Days
- 23
- Payable Days
- 531
- -361
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- -0.63x
- 0.59x
- Revenue Growth %
- 4.91%
- Operating Profit Growth %
- 49.08%
- Net Profit Growth %
- -43.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.19
- Book Value (₹)
- 16.13
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.19
- Operating Margin %
- -327.42%
- Net Margin %
- -1590.45%
- ROE %
- -1.07%
- ROCE %
- -0.22%
- -0.55%
- Debtor Days
- 0
- Inventory Days
- 4411
- Payable Days
- 0
- 4411
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- -0.49x
- 0.53x
- Revenue Growth %
- -99.37%
- Operating Profit Growth %
- -105.30%
- Net Profit Growth %
- 92.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -0.26
- Book Value (₹)
- 17.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.26
- Operating Margin %
- -10.01%
- Net Margin %
- -407.86%
- ROE %
- -1.58%
- ROCE %
- -0.17%
- -1.02%
- Debtor Days
- 1677
- Inventory Days
- 0
- Payable Days
- 5344
- -3667
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- -0.27x
- 0.97x
- Revenue Growth %
- 432.88%
- Operating Profit Growth %
- 83.71%
- Net Profit Growth %
- -36.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -1.96
- Book Value (₹)
- 55.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.96
- Operating Margin %
- 75.59%
- Net Margin %
- -189.74%
- ROE %
- -5.36%
- ROCE %
- -0.66%
- -3.61%
- Debtor Days
- 36
- Inventory Days
- 0
- Payable Days
- 5333
- -5297
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- -0.18x
- 0.83x
- Revenue Growth %
- 1495.62%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- -642.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.90
- Book Value (₹)
- 87.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.88
- Operating Margin %
- 42.23%
- Net Margin %
- -65.91%
- ROE %
- -1.25%
- ROCE %
- 0.67%
- -0.83%
- Debtor Days
- 53
- Inventory Days
- 1
- Payable Days
- 0
- 54
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 0.39x
- 1.30x
- Revenue Growth %
- 31.92%
- Operating Profit Growth %
- -23.15%
- Net Profit Growth %
- 54.18%
- 54.18%
- P/E (x)
- 0.00x
- P/B (x)
- 0.93x
- Dividend Yield %
- 0.00%
- 157.18x
Mar 2025
- EPS (₹)
- -0.18
- Book Value (₹)
- 51.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.16
- Operating Margin %
- 53.95%
- Net Margin %
- -15.10%
- ROE %
- -0.36%
- ROCE %
- 1.25%
- -0.25%
- Debtor Days
- 45
- Inventory Days
- 1
- Payable Days
- 7235
- -7189
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 0.80x
- 2.04x
- Revenue Growth %
- 53.67%
- Operating Profit Growth %
- 89.26%
- Net Profit Growth %
- 64.80%
- 79.88%
- P/E (x)
- 0.00x
- P/B (x)
- 1.48x
- Dividend Yield %
- 0.00%
- 129.12x
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