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GMR Airports Limited

GMR Airports Limited

NSE: GMRAIRPORT
Airports & Air ServicesIndustrialsLARGE CAPMCap ₹94.50k Cr
₹89.50₹-0.97 (-1.07%)

Market Closed • NSE

Market cap₹94.50k Cr
Enterprise value₹130.45k Cr
P/E TTM235.53
Forward P/E56.10
EPS TTM₹0.38
Forward EPS₹1.60
ROCE11.60%
Dividend yield0.00%
Face value₹1.00
52W high₹115.64
52W low₹84.11
Price chart(1Y)
1Y Return:-13.65% (₹14.15)
H: ₹115.64L: ₹87.68
1W0.00%
1M-5.83%
3M-19.72%
6M-7.20%
1Y-0.72%
Today at a glance

Day range

₹89.20₹90.60

52 week range

₹84.11₹115.64
Volume6.90M0.38x 20D avg
Free float50.00%-62.00% volume

GMR Airports Limited closed at INR89.50 (-1.07%) on volume 0.38x its 20-day average, trading 22.6% below its 52-week high.

Technical analysis
RSI (14)39.0Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹2.39Moderate
SMA 20₹93.74BEARISH
SMA 50₹96.87BEARISH
SMA 100₹102.24BEARISH
SMA 200₹99.29BEARISH
CPR bottom₹90.41
Pivot₹90.43
CPR top₹90.45
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -63% QoQ

2024-09-05

AGM Announced

Annual General Meeting

2023-09-08

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹43.28k Cr₹94.50k Cr45.80%≤ 33%FAIL
Non-halal income ratio–₹14.81k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹54.15k Cr₹54.76k Cr98.89%≥ 20%PASS
Receivables ratio–₹54.76k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E235.5328.10
Forward P/E56.10—
P/B—3.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield0.403.60
Growth & profitability
RevenuePAT
FY25PAT margin -3.80%
FY26PAT margin 1.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+12.40%
Revenue CAGR 5Y+7.30%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin25.01%
Net margin3.07%
Financial health & cash flow
Net debt₹42.67k CrModerate
Interest coverage1.10xEBIT / interest
CFO / PAT15.09x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹4.88k Cr
Capital expenditure–
Free cash flow₹1.55k Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation35/100
Profitability65/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 15.09x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 235.5x

Bull case

Market Leadership: Established operational scale in Airports & Air Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
25.10%Institutional holding
8.56%Public holding
5Periods available
0.00%Promoter pledged
6.94LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—05 Sept 2024
—Annual General MeetingAnnual General Meeting—08 Sept 2023
—Annual General MeetingAnnual General Meeting—16 Sept 2022
12 Jan 2022DemergerDemerger—11 Jan 2022
—Annual General MeetingAnnual General Meeting—31 Aug 2021
—Annual General MeetingAnnual General Meeting—10 Sept 2020
—Annual General MeetingAnnual General Meeting—05 Sept 2019
—Annual General MeetingAnnual General Meeting—11 Sept 2018
—Annual General MeetingAnnual General Meeting—20 Sept 2017
—Annual General MeetingAnnual General Meeting—02 Sept 2016
—Annual General MeetingAnnual General Meeting—14 Sept 2015
12 Mar 2015Rights issueRights 3:14 @ Premium Rs 14/- Per Share—11 Mar 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)59.36%-8.91% latest vs average
Highest delivery85.45%on 09 Oct
Average volume (20D)18.16MTrading-session average
Conviction trendWeakening-8.91% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About GMR Airports Limited
GMR Airports Limited

GMR Infrastructure is mainly engaged in development, maintenance and operation of airports, generation of power, coal mining and exploration activities, development of highways, development, maintenance and operation of special economic zones, and construction business including Engineering, Procurement and Construction (EPC) contracting activities.(Source : 201903 Annual Report Page No: 145)

IndiaIndustrials

Questions investors ask
Is GMR Airports Limited Shariah compliant?

GMR Airports Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (45.8%) exceeds AAOIFI threshold (≤ 33%).

What is GMR Airports Limited's current valuation relative to peers?

GMR Airports Limited trades at a P/E of 235.5x compared to the sector median of 28.1x, and a Price-to-Book of N/A.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of zero debt. Interest coverage is 1.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.3% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.