GMR Airports

    GMRAIRPORT
    Infra
    ₹89.88
    Price as of 26 Oct 2026, 4:53 pm IST

    Market cap ₹94,904 Cr

    P/E
    236.53
    Day range
    ₹85.33 – ₹89.88
    52-week range
    ₹84.11 – ₹115.64
    Volume
    2.18 Cr
    Open
    ₹85.75
    Prev close
    ₹86.38

    Latest results · Q1 FY27(consolidated)Revenue ₹3,964 Cr+23.7%Profit ₹148 CrMargin 3.7%YoY vs the same quarter last year

    1 red flag to read up on

    • medium

      Promoter pledge went up

      16.47% of promoter shares pledged, up from 16.44% · 30 Sept 2026

    From NSE and BSE filings. A flag is a reason to read the filing, not a rating.

    GMRAIRPORT in NSE indices and F&O

    F&O margin for one lot of GMRAIRPORT (6,975 shares)

    Research profile

    Composite 44 / 100

    Factor percentiles

    Value30
    Quality51
    Momentum40
    Low volatility53

    Derived metrics

    Earn. yield
    0.4%
    12-1 mom.
    +10.7%
    Return / vol
    -0.09
    Magic Formula
    #572
    Piotroski
    5/6
    FCF yield
    1.7%

    Appears in 11 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 188 in Infra
    Largest Infra companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Larsen & ToubroLT₹5.06 L Cr30.534.5918.3%15.0%12.0%1.15+6.7%
    Adani PortsADANIPORTS₹4.04 L Cr29.914.0916.2%14.0%58.0%0.66+18.6%
    Adani EnterprisesADANIENT₹3.40 L Cr40.433.9515.2%6.0%15.0%1.32+49.9%
    UltraTech CementULTRACEMCO₹3.29 L Cr38.534.4311.1%13.0%16.0%0.40+18.8%
    Grasim IndustriesGRASIM₹2.00 L Cr35.181.9010.2%8.0%23.0%2.20+21.4%
    InterGlobe AviationINDIGO₹1.78 L Cr19.8825.27-29.3%5.0%13.0%11.15+19.9%
    DLFDLF₹1.64 L Cr35.923.5710.0%6.0%1.8%0.01-23.3%
    GMR AirportsGMRAIRPORT₹94,904 Cr236.53—-224.3%12.0%37.0%—+23.8%
    Sector median₹12,944 Cr32.114.2915.0%17.0%15.0%0.18+20.1%

    Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 8d ago

    Headlines about GMR Airports from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    164.0
    ROE (FY19)
    -224.3%
    ROCE (latest year)
    12%
    Dividend yield
    0.00%

    Moving averages (NSE)

    20-day
    ₹91.53
    Price below
    50-day
    ₹95.57
    Price below
    200-day
    ₹99.06
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +30.4%
    Revenue YoY (Jun 2026)
    +23.8%
    Operating margin
    37.0%
    Net margin
    3.7%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    -2K Cr0 Cr2K Cr4K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%25%50%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • FII
    • DII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-10K Cr-5K Cr0 Cr5K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY16FY17FY18FY19-300%-200%-100%0%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    -20K Cr0 Cr20K Cr40K Cr60K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 20260x5x10x

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales2,0642,2272,4472,4022,4952,6532,8633,2053,6703,9943,9383,967
    Expenses1,3371,5581,6301,5061,6361,6621,8542,0412,2232,2932,4932,517
    Operating Profit7266698178968599921,0091,1651,4471,7011,4451,450
    OPM %35%30%33%37%34%37%35%36%39%43%37%37%
    Other Income184116263160260562241208130-73260167
    Interest6738578238891,0318299559491,043917950938
    Depreciation373393405466474479491489431465452456
    Profit before tax-135-465-148-300-386246-196-65103246302223
    Tax %40%5%13%13%11%18%29%111%66%29%-32%34%
    Net Profit-190-486-168-338-429202-253-13735174400148
    EPS in Rs₹-0.15₹-0.53₹-0.20₹-0.23₹-0.27₹0.25₹-0.23₹-0.20₹-0.04₹0.12₹0.29₹0.09

    From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days15

    -102 days since Mar 2021

    Inventory Days201
    Days Payable494
    Cash Conversion Cycle-278

    -395 days since Mar 2021

    Working Capital Days-202

    +705 days since Mar 2021

    Strengths, risks & growth

    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)

    Strengths

    • Company is expected to give good quarter

    Risks

    • Company has low interest coverage ratio.

    Compounded Sales Growth

    10 Years
    +6%
    5 Years
    +33%
    3 Years
    +30%
    TTM
    +39%

    Compounded Profit Growth

    10 Years
    +8%
    5 Years
    +16%
    3 Years
    +42%
    TTM
    +159%

    Stock Price CAGR

    10 Years
    +21%
    5 Years
    +18%
    3 Years
    +16%
    1 Year
    -7%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter66.24%66.33%67.16%67.48%+0.32 pp
    FII18.96%20.17%21.74%22.95%+1.21 pp
    DII4.59%4.93%5.14%4.80%-0.34 pp
    Public10.19%8.56%5.95%4.77%-1.18 pp

    Filed with NSE for Sept 2026: promoters 67.48%, public 32.52% · XBRL filing

    Analysts & fund holdings

    89%
    89% recommend buy
    9 analysts cover the stock
    Valuation vs Construction & Engineering
    P/E236.5 vs 41.0
    Sector P/B5.67
    Beta1.60

    Who holds the shares, quarter by quarter

    Mutual funds 2.32% (-0.19 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters67.5%
    • Foreign institutions22.9%
    • Mutual funds2.3%
    • Insurance0.8%
    • Other domestic institutions1.6%
    • Retail2.4%
    • Others2.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Aditya Birla SL Flexi Cap Fund0.42%1.41%-0.08 pp
    SBI Arbitrage Fund0.20%0.40%-0.22 pp
    Aditya Birla SL Large & Mid Cap Fund0.12%2.01%-0.28 pp
    ICICI Pru Large Cap Fund0.12%0.14%+0.14 pp
    Aditya Birla SL Balanced Advantage Fund0.11%1.05%-0.23 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Avg

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    31.1%
    Downside volatility
    30.3%
    Worst 5% of days
    3.5%
    Average of that tail
    4.5%
    Max drawdown (1Y)
    24.9%
    Below its peak
    24.9%

    Against the market

    Beta vs Nifty 50
    1.42
    Correlation
    0.61
    Relative strength (3M)
    -14.2%
    ATR (14)
    2.9%

    Return

    Return 1M
    -12.2%
    Return 3M
    -19.5%
    Return 6M
    -11.3%
    Return 1Y
    -2.8%
    vs 200-day average
    -12.8%

    Momentum

    RSI (14)
    33.8
    MACD histogram
    -0.26
    Stochastic %K
    22.2
    ADX (14)
    27.5
    +DI / −DI
    11.7 / 31.3
    Money flow index
    39.2

    Participation

    Delivery (20d avg)
    58.8%
    vs its 60-day baseline
    +1.0 pts
    Volume vs 20-day
    -0.4σ
    Close vs day's VWAP
    +1.3%
    52-week position
    5 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    5 of 6 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — passed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — failed
    • Current ratio improving — passed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — passed
    • Asset turnover improving — passed
    Free cash flow
    ₹1,555 Cr
    FCF yield
    1.7%
    Cash conversion
    10.34
    Accruals ratio
    -0.081
    Net debt
    ₹42,659 Cr
    Net debt / equity
    -17.20
    EV / sales
    8.60
    Capex intensity
    22.5%
    Revenue CAGR
    37.5%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Insider trades

    Last 12 months, market trades
    Net buying ₹841 Cr
    2 buys · ₹841 Cr
    0 sells · ₹0
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    GVL INVESTMENTS PVT. LTD.
    Promoter Group · Market Purchase
    		Buy91,00,000₹84.5 Cr30 Mar 2026
    GVL INVESTMENTS PVT. LTD.
    Promoter Group · Market Purchase
    		Buy8,82,00,000₹756 Cr30 Mar 2026

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • other
      Not available — not reported in this filing

      Annual General Meeting

      5 Sept 2024
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      8 Sept 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      16 Sept 2022
      ex-date
    • other
      Not available — not reported in this filing

      Demerger

      11 Jan 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      31 Aug 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      10 Sept 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      5 Sept 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      11 Sept 2018
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      2 Sept 2016
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      14 Sept 2015
      ex-date
    • rights
      Not available — not reported in this filing

      Rights 3:14 @ Premium Rs 14/- Per Share

      11 Mar 2015
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting / Dividend - Re 0.10/- Per Share

      9 Sept 2014
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting And Dividend Re.0.10/- Per Share

      5 Sept 2013
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      31 Aug 2012
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      24 Aug 2011
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      17 Aug 2010
      ex-date
    • split
      Not available — not reported in this filing

      Fv Split Rs.2/- To Re.1/-

      1 Oct 2009
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Aug 2009
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      8 Aug 2008
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication for Special Window for Transfer and Dematerialisation of Physical Securities

    Company Update
    Monthly Traffic Update
    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Incorporation of Wholly-owned Subsidiary

    Insider Trading / SAST
    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GQG Partners LLC

    Company Update
    Announcement under Regulation 30 (LODR)-Resignation of Director

    Intimation regarding Resignation of Mr. Alexis Benjamin Riols as Executive Director & Deputy CEO of the Company and Continuation as Non-Executive Director of the Company

    Insider Trading / SAST
    Closure of Trading Window
    Company Update
    Announcement under Regulation 30 (LODR)-Allotment

    Allotment of Equity Shares upon conversion of Optionally Convertible Redeemable Preference Shares

    Others
    Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD

    Intimation regarding voluntary redemption of Non-Convertible Bonds along with accrued Interest and redemption premium

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    Receipt of Award by GMR Hospitality Limited, Indian Subsidiary of the Company

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting Results of the AGM along with the Consolidated Scrutinizers Report

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceedings of the 30th Annual General Meeting of GMR Airports Limited held today i.e. Monday, September 21, 2026

    Company Update
    Update On Tariff Matters

    Update on Tariff Matters in relation to Delhi International Airport Limited, Subsidiary of the Company

    Company Update
    ESG Rating
    Company Update
    Monthly Traffic Updates- August 2026

    Filed with BSE (scrip 532754); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 13 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    GMR Airports: common questions

    Answered from the figures on this page.

    GMR Airports last traded at ₹89.88 (NSE, as of 26 Oct 2026). The last session moved it up 4.05%.

    GMR Airports is valued at about ₹94,904 crore (NSE, as of 26 Oct 2026).

    GMR Airports trades at a price-to-earnings ratio of 236.53 (NSE, as of 26 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    GMR Airports has traded between ₹84.11 and ₹115.64 over the past 52 weeks, to 26 Oct 2026. It is currently 18% of the way up that range.

    GMR Airports (GMRAIRPORT) is classified under Infra on this site's screener.