GMRAIRPORTServices

GMR AIRPORTS LIMITED

Airport & Airport services · ISIN INE776C01039 · BSE 532754 · NSE EQ · FV ₹1
Last price
₹95
+2.79%today
What this company does

GMR AIRPORTS LIMITED operates in Airport & Airport services, part of the Services sector. It booked ₹3,964 cr of revenue in its latest quarter (Q1 FY27) and kept 2.3% of sales as profit. It is the 3rd largest of 9 Services companies we track, by market value.

39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 17–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns38

How much profit it earns on the money it employs

Balance sheet9

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency66

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk79

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 24% vs last year
Promoters hold 67%
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 2.3% net margin
! 16.4% of promoter stake pledged

What if I invest in GMRAIRPORT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹95 +2.79%
latest close · 2026-09-17
1-year return
+230.6%
52-wk low ₹2952-wk high ₹112
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio264.0High
LowAverageHigh
EV / EBITDA31.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on capital10.6%Fair
WeakFairStrong
Net margin2.3%Thin
ThinDecentStrong
EBITDA margin39.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity-0.30Comfortable
LowModerateHigh ▸1
Interest cover1.2×Risky
RiskyOkayStrong ▸5×
Current ratio0.77Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1.56 L cr
Book value
₹-2
EPS
₹0.09
latest quarter
Net debt
₹41,586 cr
owes more than its cash
Enterprise value
₹1.98 L cr
EBITDA
₹6,271 cr
annualised
EBIT
₹4,448 cr
annualised
Operating margin
28.1%
Return on assets
0.7%
Earnings yield
0.38%
P/S
9.85
Sales / share
₹9.6
Tax rate
43.2%
Face value
₹1,056
Shares
1,644.0 cr
Working capital
₹-2,916 cr
Current assets
₹9,792 cr
Current liabilities
₹12,708 cr
Delivery %
61.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,964 cr
Other Income₹121 cr
Total Income₹4,085 cr
Cost of Materials₹63 cr
Purchases of Stock-in-Trade₹233 cr
Inventory Change (±)₹19 cr
Employee Benefit Expense₹460 cr
Finance Costs₹938 cr
Depreciation & Amortisation₹456 cr
Other Expenses₹1,742 cr
Total Expenses₹3,910 cr
Profit before Tax₹174 cr
Tax Expense₹75 cr
Share of JV / Associates₹49 cr
Net Profit₹148 cr
Net margin on total income3.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹315 cr7.6%
Employee benefit expense₹460 cr11.1%
Finance costs₹938 cr22.7%
Depreciation & amortisation₹456 cr11.0%
Other expenses₹1,742 cr42.1%
Tax expense₹75 cr1.8%
Profit for the period₹148 cr3.6%
Total income ₹4,085 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,994 cr3,938 cr3,964 cr
Total income4,083 cr4,043 cr4,085 cr
Expenses3,675 cr3,895 cr3,910 cr
Profit before tax225 cr141 cr174 cr
Tax72 cr-98 cr75 cr
Net profit (owners' share)122 cr302 cr91 cr
Net margin (owners' share, on revenue)3.1%7.7%2.3%
EPS (₹)0.120.290.09
YoY (latest quarter): total income +23.0% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹54,764 cr
Shareholder equity
₹-2,480 cr
parent shareholders
Total debt
₹42,196 cr
Cash
₹610 cr
Cash flow · H1 FY26
Operating
₹2,313 cr
Investing
₹-2,254 cr
Financing
₹-196 cr
Peer comparison
Services · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Ports and Special Economic Zone Limited₹1,738₹4.00 L cr27.7
InterGlobe Aviation Limited₹4,845₹1.87 L cr
GMR AIRPORTS LIMITEDthis company₹95₹1.56 L cr264.0
JSW Infrastructure Limited₹327₹75,897 cr49.5
Container Corporation of India Limited₹488₹37,178 cr34.6
Delhivery Limited₹426₹31,897 cr247.6
Redington Limited₹400₹31,278 cr16.1
The Great Eastern Shipping Company Limited₹1,425₹20,346 cr3.9
Firstsource Solutions Limited₹273₹19,035 cr28.4
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.1
ex 9 Sep 2014
ActionDetailEx-date
Rights issue14:311 Mar 2015
Dividend₹0.1 / share9 Sep 2014
Dividend₹0.1 / share5 Sep 2013
Who owns it · 2026-06-30
16.4% pledged
Promoter
67.2%
FII / Foreign
21.7%
DII / Domestic
5.1%
Retail / others
6.0%
Promoter stake up 8.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtGVL INVESTMENTS PVT. LTD. · Promoter Group8.82 cr · ₹756.4 cr30 Mar 26
BoughtGVL INVESTMENTS PVT. LTD. · Promoter Group91.00 L · ₹84.5 cr25 Mar 26
BoughtVaralakshmi Enterprises LLP · Promoter Group10.00 L · ₹4.1 cr31 May 23
Bulk / block deals
short · NSE2,21215 Sep 26
short · NSE20,8989 Sep 26
short · NSE15,4943 Sep 26
Stake changes
SoldGQG Partners LLC→ 5.57% · 19.50 cr3 Jun 26
BoughtGQG Partners LLC→ 7.57% · 5.15 cr5 Feb 26
SoldSynergy Industrial, Metals and power Holdings Ltd→ 5.00% · 90.00 L15 Apr 25
Promoter pledges
PledgedSecurity Trustee:20.75 cr · 34.50% held31 Mar 22
ReleasedLender:10.00 L · 0.11% held31 Mar 22
ReleasedLender:10.00 L · 0.11% held31 Mar 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 16 Jan 2026
See the official result
1
Appointment of Mr. Regis Sebastien Lacote (DIN: 09135168), as a Non-Executive Non-Independent Director of the Company
Backed by 95% of shareholders other than promotersneeded 50%
261.71 cr votes for, 12.99 cr against · 6% of mutual funds and other big investors said no
2
Appointment of Ms. Christelle Florence Nicole Jacquemet de Robillard (DIN: 10372191), as a Non-Executive Non-Independent Director of the Company
Backed by 94% of shareholders other than promotersneeded 50%
256.99 cr votes for, 17.72 cr against · 9% of mutual funds and other big investors said no
3
Appointment of Mr. Matthieu Daubert (DIN: 11373737), as a Non-Executive Non-Independent Director of the Company
Backed by 96% of shareholders other than promotersneeded 50%
263.96 cr votes for, 10.75 cr against · 5% of mutual funds and other big investors said no
4
Appointment of Mr. Normand Boivin (DIN: 11228805), as a Non-Executive Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
271.61 cr votes for, 3.10 cr against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 155 named members
owning 67.1% between them · as of 2026-06-30
Aeroports de Paris S.A.26.46%
GMR ENTERPRISES PRIVATE LIMITED13.78%
GMR INFRA ENTERPRISES PRIVATE LIMITED11.65%
GMR BUSINESS AND CONSULTANCY LLP7.25%
GVL Investments Pvt. Ltd4.32%
GMR INFRA SERVICES PRIVATE LIMITED2.44%
HYDERABAD JABILLI PROPERTIES PRIVATE LIMITED0.54%
VARALAKSHMI ENTERPRISES LLP0.33%
Business done with them
FY2025 · 1 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 0.0% of its ₹10,414 cr revenue.
GMR ENTERPRISES PRIVATE LIMITED
Other payments to them · Refer disclosure of related party [Text Block]
also owns 13.78% of the company
₹3 cr
company paid

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.