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

• Market Cap: ₹83.02B
• Dividend Yield: N/A
• Average Volume (3M): 237.75K
• Price to Earnings (P/E): 10.1
• 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: -1.53
• Price to Book (P/B): 5.42
• Price to Sales (P/S): 1.18
• P/FCF Ratio: 0.00
• 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: ₹107.00 ▼(-3.04% 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 and Profit Recovery

Consistent top-line growth and the shift from net loss to net income reflect a structural recovery in core power operations. Sustained revenue expansion improves capacity to fund maintenance and growth capex, enhances credit metrics if maintained, and supports durable cash flows over the coming months.

Improved Cash Generation

Marked improvement in operating and free cash flow indicates stronger cash generation from core operations rather than accounting items. A healthy free cash flow to net income ratio provides lasting flexibility to pay down debt, fund project capex, or absorb shocks, improving financial resilience over the medium term.

Margin Improvement

Improved gross and net margins suggest better cost absorption or pricing power across generation and infra contracts. If sustained, higher margins raise returns on invested capital, create a buffer against commodity or demand cycles, and improve the business's ability to reinvest and sustain profits over multiple quarters.

Negative Factors

High Leverage & Negative Equity

The balance sheet’s high leverage and negative stockholders’ equity signal capital structure strain and elevated refinancing risk. This limits access to low-cost capital, increases interest burden, and leaves the company vulnerable to demand or cash-flow shocks unless deleveraging is sustained over coming quarters.

Operational Margin Volatility

Reported swings in EBIT and EBITDA margins point to operational variability—likely driven by plant availability, fuel or input costs, and contract timing. Such volatility reduces predictability of cash flows, complicates capital allocation and project planning, and can stress liquidity during weaker periods.

Inconsistent Earnings Growth

A large negative EPS growth rate historically indicates earnings have been inconsistent despite recent recovery. That inconsistency undermines visibility into sustainable profitability, can delay meaningful credit improvement, and raises the risk that earnings may revert under adverse operational or market conditions.

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	63.81B	63.44B	44.89B	52.19B	41.02B	25.66B
Gross Profit	25.59B	26.38B	16.27B	5.83B	9.05B	4.87B
EBITDA	25.55B	17.35B	15.95B	26.32B	9.37B	-2.22B
Net Income	1.85B	14.18B	-1.03B	11.83B	-6.48B	-20.58B
Balance Sheet
Total Assets	0.00	169.87B	194.69B	118.03B	140.73B	154.13B
Cash, Cash Equivalents and Short-Term Investments	12.34B	12.34B	7.87B	10.59B	5.83B	6.99B
Total Debt	0.00	102.59B	138.67B	82.16B	104.06B	116.47B
Total Liabilities	-7.18B	162.69B	224.51B	145.44B	163.05B	172.31B
Stockholders Equity	7.18B	5.87B	-29.17B	-26.21B	-21.64B	-17.55B
Cash Flow
Free Cash Flow	0.00	25.62B	15.92B	12.06B	10.63B	-1.13B
Operating Cash Flow	0.00	28.33B	16.90B	12.30B	12.15B	-42.42K
Investing Cash Flow	0.00	-1.59B	-9.03B	30.94B	12.67B	2.58B
Financing Cash Flow	0.00	-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	₹50.23B	19.36	―	3.96%	11.94%	10.23%
KPIGREEN	67 Neutral	₹71.76B	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	₹83.02B	10.05	―	―	18.74%	-58.19%
BORORENEW	49 Neutral	₹58.24B	18.86	―	―	7.68%	-114.23%
RTNPOWER	44 Neutral	₹43.44B	23.36	―	―	-5.68%	-99.16%
SWSOLAR	43 Neutral	₹41.73B	-446.21	―	―	112.24%	-474.43%