GMR Power and Urban Infra Ltd (GMRP&UI) AI Stock Analysis

• Market Cap: ₹84.19B
• Dividend Yield: N/A
• Average Volume (3M): 237.75K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 2.54
• Revenue Growth: 18.74%
• EPS Growth: -58.19%
• Country: IN
• Employees: 863
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial - Infrastructure Operations
• EPS (TTM): -2.36
• Shares Outstanding: 781,017,500
• 10 Day Avg. Volume: 140,836
• 30 Day Avg. Volume: 237,745
• PEG Ratio: -1.55
• Price to Book (P/B): 5.47
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 40.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 5.5
• Revenue Forecast (FY): ₹76.10B

• Rating: 51 Neutral
• Price Target: ₹108.00 ▼(-2.13% Downside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

The overall stock score reflects strong financial performance with revenue and profitability growth, but is offset by high financial risk due to leverage and negative equity. The lack of technical analysis data and high P/E ratio further contribute to a moderate score.

Positive Factors

Revenue & Profitability Recovery

The company’s move from net loss to net income alongside strong revenue growth and improved gross and net margins indicates a durable operational recovery. Sustained top-line expansion and margin normalization enhance internal funding capacity, support reinvestment and reduce reliance on external financing over the medium term.

Improving Cash Generation

Material growth in operating and free cash flow and a healthy free-cash-flow-to-net-income ratio show improved cash conversion. Strong cash generation increases the company’s ability to fund maintenance and growth capex, service debt, and provide liquidity buffer, supporting sustainable operations over coming quarters.

Deleveraging Progress

Reported reductions in net debt and improvement in equity, even if partial, reflect balance-sheet repair. Continued deleveraging improves refinancing flexibility and lowers interest burden, which meaningfully strengthens long-term financial resilience and capital allocation options if the trend persists.

Negative Factors

High Leverage & Negative Equity

A high debt-to-equity ratio and periods of negative shareholders’ equity create structural financial vulnerability. Elevated leverage increases interest expense and refinancing needs, constrains strategic investment, and raises covenant/default risk, which can impair long-term stability if not consistently reduced.

Operational Margin Volatility

Historical swings in EBIT and EBITDA margins point to inconsistent operational performance. Such volatility reduces predictability of cash flows and returns, complicates capital planning and contract negotiation, and can limit the company’s ability to sustainably convert revenue gains into durable profitability.

Inconsistent EPS Growth

A large negative EPS growth rate reflects inconsistent earnings delivery and prior earnings deterioration. When combined with leverage, weak EPS trends impede retained-earnings buildup, limit equity recovery, and reduce capacity to absorb shocks, threatening long-term shareholder value if not corrected.

GMR Power and Urban Infra Ltd Business Overview & Revenue Model

Company Description

GMR Power and Urban Infra Limited engages in the energy, urban infrastructure, and transportation businesses in India. The company engages in the development, maintenance, and operation of special economic zones; engineering, procurement, and construction contracting activities; and other residual activities comprising investment and management/technical consultancy services. It is also involved in the coal mining and exploration; development and operation of highways; surface transport projects, including roads, railways, metros, and airstrips/runways; and energy and coal trading activities, as well as generates energy through coal, gas, and renewable sources, such as wind and solar energy. The company was incorporated in 2019 and is based in New Delhi, India.

How the Company Makes Money

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GMR Power and Urban Infra Ltd Financial Statement Overview

Summary

The company shows strong revenue growth and improved profitability, moving from a net loss to net income. However, high debt-to-equity ratio and negative stockholders' equity pose financial risks despite improvements in cash flow and debt reduction.

Income Statement

The company's income statement shows a strong increase in total revenue with a significant improvement in profitability. Gross profit and net profit margins have improved, with the company moving from a net loss to a substantial net income. However, past fluctuations in EBIT and EBITDA margins indicate potential volatility in operational performance.

Balance Sheet

The balance sheet highlights a high debt-to-equity ratio due to substantial liabilities and negative stockholders’ equity, posing financial risk. However, the recent improvement in stockholders' equity and reduction in net debt are positive indicators of improved financial health.

Cash Flow

Cash flow analysis reveals strong growth in operating and free cash flow, reflecting improved cash generation capabilities. The free cash flow to net income ratio is healthy, though the operating cash flow to net income ratio indicates potential discrepancies between profitability and cash generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	68.08B	63.44B	44.89B	52.19B	41.02B	25.66B
Gross Profit	25.26B	26.38B	16.27B	5.83B	9.05B	4.87B
EBITDA	32.86B	17.35B	15.95B	26.32B	9.37B	-2.22B
Net Income	8.18B	14.18B	-1.03B	11.83B	-6.48B	-20.58B
Balance Sheet
Total Assets	166.15B	169.87B	194.69B	118.03B	140.73B	154.13B
Cash, Cash Equivalents and Short-Term Investments	33.05B	12.34B	7.87B	10.59B	5.83B	6.99B
Total Debt	115.89B	102.59B	138.67B	82.16B	104.06B	116.47B
Total Liabilities	150.30B	162.69B	224.51B	145.44B	163.05B	172.31B
Stockholders Equity	14.08B	5.87B	-29.17B	-26.21B	-21.64B	-17.55B
Cash Flow
Free Cash Flow	2.10B	25.62B	15.92B	12.06B	10.63B	-1.13B
Operating Cash Flow	3.42B	28.33B	16.90B	12.30B	12.15B	-42.42K
Investing Cash Flow	-3.25B	-1.59B	-9.03B	30.94B	12.67B	2.58B
Financing Cash Flow	-3.19B	-24.17B	-13.24B	-38.40B	-22.13B	-16.03B

GMR Power and Urban Infra Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GULFOILLUB	73 Outperform	₹49.83B	19.36	―	3.96%	11.94%	10.23%
KPIGREEN	66 Neutral	₹77.92B	22.48	―	0.20%	70.67%	59.54%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GMRP&UI	51 Neutral	₹84.19B	10.20	―	―	18.74%	-58.19%
BORORENEW	49 Neutral	₹59.19B	18.86	―	―	7.68%	-114.23%
RTNPOWER	44 Neutral	₹45.81B	23.36	―	―	-5.68%	-99.16%
SWSOLAR	43 Neutral	₹41.92B	-446.21	―	―	112.24%	-474.43%