GMR Airports Ltd (IN:GMRAIRPORT)
:GMRAIRPORT
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GMR Airports Ltd
(GMRAIRPORT)
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Rating:56Neutral
Price Target:
₹94.00
▼(-10.00% Downside)
Action:ReiteratedDate:11/19/25
The overall stock score is primarily influenced by strong technical momentum, despite poor financial performance and valuation metrics. The company's revenue growth and operational improvements are overshadowed by its financial instability and negative profitability.
Positive Factors
Revenue Growth Trend
Sustained top-line growth over multiple years increases scale and supports fixed-cost absorption in airport operations. Durable revenue expansion (aeronautical plus non-aeronautical) improves bargaining power with tenants, funds reinvestment, and underpins long-term recovery toward profitability if cost discipline continues.
Negative Factors
High Leverage & Negative Equity
Negative shareholders' equity and total liabilities exceeding assets reveal structural leverage that limits financial flexibility. For a capital-intensive airport operator, this raises refinancing and covenant risk, increases interest burden, and constrains the ability to fund expansions or absorb traffic downturns without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained top-line growth over multiple years increases scale and supports fixed-cost absorption in airport operations. Durable revenue expansion (aeronautical plus non-aeronautical) improves bargaining power with tenants, funds reinvestment, and underpins long-term recovery toward profitability if cost discipline continues.
Read all positive factors
GMR Airports Ltd (GMRAIRPORT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.01T
Dividend YieldN/A
Average Volume (3M)721.65K
Price to Earnings (P/E)226.1
Beta (1Y)1.27
Revenue Growth29.47%
EPS Growth83.38%
CountryIN
Employees7,227
SectorServices
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-1.80
Shares Outstanding10,558,976,000
10 Day Avg. Volume215,668
30 Day Avg. Volume721,653
Financial Highlights & Ratios
PEG Ratio3.35
Price to Book (P/B)-28.23
Price to Sales (P/S)6.79
P/FCF Ratio-102.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.71
Revenue Forecast (FY)₹160.33B
GMR Airports Ltd Business Overview & Revenue Model
Company Description
GMR Airports Infrastructure Limited operates and develops airports in India. It is also involved in operation of international airports on build, own, operate, and transfer basis. The company was formerly known as GMR Infrastructure Limited and ch...
How the Company Makes Money
GMR Airports Ltd primarily earns revenue by operating airport assets under concession or similar arrangements and monetizing both aeronautical and non-aeronautical activities. Aeronautical revenue typically comes from charges and fees linked to ai...
GMR Airports Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
45
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 65.33B | 104.14B | 87.55B | 65.57B | 45.09B | 34.98B |
| Gross Profit | 27.99B | 39.69B | 25.02B | 25.07B | 12.94B | 2.81B |
| EBITDA | 18.83B | 49.80B | 35.33B | 26.15B | 20.73B | 12.19B |
| Net Income | -2.75B | -3.93B | -5.59B | -1.79B | -10.23B | -27.97B |
Balance Sheet | ||||||
| Total Assets | 520.90B | 487.57B | 486.83B | 441.11B | 371.10B | 499.60B |
| Cash, Cash Equivalents and Short-Term Investments | 56.01B | 47.50B | 56.13B | 65.33B | 47.50B | 92.77B |
| Total Debt | 414.65B | 382.18B | 359.05B | 321.57B | 266.33B | 368.58B |
| Total Liabilities | 539.55B | 505.46B | 495.53B | 431.43B | 351.92B | 486.42B |
| Stockholders Equity | -27.34B | -25.03B | -21.64B | -7.93B | -8.18B | -17.18B |
Cash Flow | ||||||
| Free Cash Flow | 3.58B | -6.86B | -6.44B | -16.22B | 1.18B | -20.44B |
| Operating Cash Flow | 42.38B | 34.43B | 38.80B | 22.99B | 32.56B | 34.30M |
| Investing Cash Flow | -43.46B | -36.73B | -57.88B | -24.22B | -18.97B | 24.33B |
| Financing Cash Flow | 1.42B | -10.10B | 4.67B | 17.31B | -38.94B | -10.56B |
GMR Airports Ltd Technical Analysis
Positive
104.45
Price Trends
94.54
Positive
98.26
Negative
93.93
Positive
Market Momentum
-1.23
Negative
55.98
Neutral
88.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GMRAIRPORT, the sentiment is Positive. The current price of 104.45 is above the 20-day moving average (MA) of 90.45, above the 50-day MA of 94.54, and above the 200-day MA of 93.93, indicating a bullish trend. The MACD of -1.23 indicates Negative momentum. The RSI at 55.98 is Neutral, neither overbought nor oversold. The STOCH value of 88.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GMRAIRPORT.
GMR Airports Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹1.16T | 15.55 | ― | ― | 7.80% | 26.53% | |
65 Neutral | ₹429.20B | 34.72 | ― | 1.32% | 7.66% | 14.36% | |
61 Neutral | ₹520.80B | 41.33 | ― | 0.47% | 22.40% | 25.69% | |
56 Neutral | ₹1.01T | 226.14 | ― | ― | 29.47% | 83.38% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹1.78T | 88.95 | ― | 0.20% | 12.86% | -23.06% | |
41 Neutral | ₹4.04B | -110.83 | ― | ― | -67.26% | -278.16% |
* Services Sector Average
IN:GMRAIRPORT
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GMR Airports Ltd Corporate Events
GMR Airports Publishes February 2026 Monthly Traffic Data
Mar 14, 2026
GMR Airports Limited has released its monthly traffic data for February 2026, complying with disclosure requirements set by securities regulators. The data, now available on the company’s website, provides stakeholders with updated insights ...
GMR Airports Posts Conference Call Transcript on Q3 FY26 Results
Feb 19, 2026
GMR Airports Limited has notified stock exchanges that the transcript of its February 14, 2026 conference call discussing the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, has been made available ...
GMR Airports Shareholders Approve All Resolutions via Postal Ballot and E-Voting
Jan 17, 2026
GMR Airports Limited has announced the results of a recent postal ballot and e-voting process, confirming that all ordinary and special resolutions proposed in the November 13, 2025 postal ballot notice were duly approved by shareholders with the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.