₹110.54
▼ -1.4 -1.25%
18 Jul 2026
NSE Listed · Miscellaneous
GMR Airports Limited (GMRAIRPORT)
Volume: 20,74,835Avg Vol 1W: 92,86,751Avg Vol 1M: 1,22,92,49852W Range:₹84.11₹115.64
Key Ratios
Checked just nowMarket Cap₹1,16,719 Cr
Current Price₹110.54
Previous Close₹111.94
High / Low (52w)₹115.64 / ₹84.11
Volume20,74,835
Avg Vol (1W)92,86,751
Avg Vol (1M)1,22,92,498
Stock P/E381.17
Book Value₹-2.35
Dividend Yield0%
ROE-10.6%
ROA86.26%
Revenue (TTM)—
Revenue Growth18.96%
Profit Margin118.52%
Total Debt₹33,712 Cr
Shares Outstanding1,056 Cr
Face Value₹1
EPS (TTM)₹0.25
P/B0
Debt / Equity0
50 DMA₹110.39
200 DMA₹99.54
Day change-1.25%
Price Chart
₹110.54▲ 6.53% · 1Y
2025-11-242026-07-17
20-day avg volume: 1.2Cr shares
Pros
- Company is almost debt-free.
- Revenue grew 18% YoY.
Cons
- Company is loss-making at the latest annual result.
- Stock trades at a high P/E of 381.
- Negative book value per share.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,402 Cr | ₹2,495 Cr | ₹2,653 Cr | ₹2,863 Cr | ₹3,205 Cr | ₹3,670 Cr | ₹3,994 Cr | ₹3,938 Cr |
| EBITDA | ₹550 Cr | ₹488 Cr | ₹608 Cr | ₹631 Cr | ₹791 Cr | ₹1,100 Cr | ₹1,325 Cr | ₹1,097 Cr |
| Net Profit | ₹-142 Cr | ₹-280 Cr | ₹267 Cr | ₹-238 Cr | ₹-212 Cr | ₹-37 Cr | ₹122 Cr | ₹302 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9,274 Cr | ₹8,285 Cr | ₹9,222 Cr | ₹3,997 Cr | ₹4,959 Cr | ₹7,269 Cr | ₹9,207 Cr | ₹10,836 Cr |
| EBITDA | ₹1,711 Cr | ₹1,431 Cr | ₹2,231 Cr | ₹333 Cr | ₹1,572 Cr | ₹1,263 Cr | ₹1,952 Cr | ₹2,277 Cr |
| Net Profit | ₹-1,364 Cr | ₹-3,581 Cr | ₹-2,429 Cr | ₹-2,797 Cr | ₹-1,023 Cr | ₹-179 Cr | ₹-559 Cr | ₹-393 Cr |
| EPS | -2.27 | -5.95 | -4.03 | -4.64 | -1.7 | -0.3 | -0.93 | -0.43 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹38,287 Cr | ₹40,154 Cr | ₹46,527 Cr | ₹49,960 Cr | ₹37,110 Cr | ₹44,111 Cr | ₹48,683 Cr | ₹48,757 Cr |
| Total Liabilities | ₹32,642 Cr | ₹38,912 Cr | ₹46,311 Cr | ₹48,642 Cr | ₹35,192 Cr | ₹43,143 Cr | ₹49,553 Cr | ₹50,546 Cr |
| Equity | ₹5,645 Cr | ₹1,242 Cr | ₹216 Cr | ₹1,319 Cr | ₹1,918 Cr | ₹969 Cr | ₹-870 Cr | ₹-1,789 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹2,511 Cr | ₹2,321 Cr | ₹1,537 Cr | ₹-36 Cr | ₹3,345 Cr | ₹2,155 Cr | ₹4,013 Cr | ₹3,559 Cr |
| Investing | ₹-1,014 Cr | ₹-3,605 Cr | ₹-990 Cr | ₹2,433 Cr | ₹-1,897 Cr | ₹-2,322 Cr | ₹-5,788 Cr | ₹-3,673 Cr |
| Financing | ₹-1,191 Cr | ₹816 Cr | ₹1,617 Cr | ₹-1,056 Cr | ₹-3,894 Cr | ₹1,731 Cr | ₹467 Cr | ₹-1,010 Cr |
| Free Cash Flow | ₹2,511 Cr | ₹2,321 Cr | ₹1,537 Cr | ₹-36 Cr | ₹3,345 Cr | ₹2,155 Cr | ₹4,013 Cr | ₹3,559 Cr |
Shareholding
Promoter 66.33% Institutions 25.09% Public 8.58%
Efficiency & Working Capital
ROCE9.4%
Interest Coverage0.7
Dividend Payout—
Debtor Days19 d
Inventory Days6 d
Payable Days35 d
Cash Conversion Cycle-11 d
Working Capital Days24 d
Shareholding Details
As of 2026-03-31
Promoter66.3%
FII20.2%
DII4.9%
Institutions25.1%
Public8.6%
Promoter Pledge15.5%
No. of Shareholders6,94,272
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Jul 2024 | Jul 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.1% | 59.1% | 59.1% | 66.1% | 66.1% | 66.1% | 66.1% | 66.2% | 66.2% | 66.2% | 66.2% | 66.3% |
| FIIs | 27.4% | 26.8% | 26% | 14.8% | 14.8% | 14.8% | 14.9% | 15.1% | 15.7% | 17.1% | 19% | 20.2% |
| DIIs | 5.2% | 6.1% | 5.8% | 3.4% | 3.4% | 4.5% | 4.3% | 4.1% | 4.5% | 4.8% | 4.6% | 4.9% |
| Public | 8.3% | 8.1% | 9.2% | 15.8% | 15.8% | 14.7% | 14.7% | 14.5% | 13.6% | 11.9% | 10.2% | 8.6% |
| Promoter Pledge | 63.4% | 58.2% | 58% | 27.7% | 27.7% | 27.1% | 29.5% | 17.8% | 16.6% | 16.6% | 15.5% | 15.5% |
| No. of Shareholders | 5,42,960 | 6,93,438 | 8,66,851 | 8,81,670 | 8,81,670 | 8,53,872 | 8,68,022 | 8,56,740 | 8,14,655 | 7,61,800 | 7,20,205 | 6,94,272 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Aeroports De Paris S.a. | Shareholding of Promoter and Promoter Group | 29.9% | 315.30 Cr |
| Gmr Enterprises Private Limited | Shareholding of Promoter and Promoter Group | 13.8% | 145.48 Cr |
| Gmr Infra Enterprises Private Limited | Shareholding of Promoter and Promoter Group | 11.7% | 123.00 Cr |
| Gmr Business And Consultancy Llp | Shareholding of Promoter and Promoter Group | 7.3% | 76.51 Cr |
| Goldman Sachs Trust Ii - Goldman Sachs Gqg Partner | Public Shareholding | 3.5% | 36.75 Cr |
| Gram Limited | Public Shareholding | 3.4% | 36.08 Cr |
| Gmr Infra Services Private Limited | Shareholding of Promoter and Promoter Group | 2.4% | 25.76 Cr |
| Gqg Partners Emerging Markets Equity Fund | Public Shareholding | 1.8% | 18.51 Cr |
| Synergy Industrials, Metals And Power Holdings Ltd | Public Shareholding | 1.6% | 17.19 Cr |
| Hyderabad Jabilli Properties Private Limited | Shareholding of Promoter and Promoter Group | 0.5% | 5.75 Cr |
| Varalakshmi Enterprises Llp | Shareholding of Promoter and Promoter Group | 0.3% | 3.51 Cr |
| Gmr Infra Ventures Llp | Shareholding of Promoter and Promoter Group | 0.3% | 3.13 Cr |
| Gvl Investments Pvt. Ltd | Shareholding of Promoter and Promoter Group | 0.1% | 91,00,000 |
| G Ragini | Shareholding of Promoter and Promoter Group | 0% | 25,13,800 |
| Grandhi Satyavathi Smitha | Shareholding of Promoter and Promoter Group | 0% | 23,48,500 |
| Grandhi Mallikarjuna Rao Huf | Shareholding of Promoter and Promoter Group | 0% | 14,78,000 |
| Varalakshmi Grandhi | Shareholding of Promoter and Promoter Group | 0% | 9,42,660 |
| Kiran Kumar Grandhi | Shareholding of Promoter and Promoter Group | 0% | 6,72,160 |
| Mallikarjuna Rao Grandhi | Shareholding of Promoter and Promoter Group | 0% | 2,53,330 |
| Srinivas Bommidala | Shareholding of Promoter and Promoter Group | 0% | 2,51,660 |
| Grandhi Butchi Sanyasi Raju Huf | Shareholding of Promoter and Promoter Group | 0% | 2,92,500 |
| Kirankumar Grandhi Huf | Shareholding of Promoter and Promoter Group | 0% | 2,00,000 |
| Srinivas Bommidala Huf | Shareholding of Promoter and Promoter Group | 0% | 2,00,000 |
| Cadence Enterprises Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Buchisanyasi Raju Grandhi Trust | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Mallikarjuna Rao Grandhi | 0 | 0% | 2026-03-31 |
| Varalakshmi Grandhi | 0 | 0% | 2026-03-31 |
| Srinivas Bommidala | 0 | 0% | 2026-03-31 |
| Kiran Kumar Grandhi | 0 | 0% | 2026-03-31 |
| G Ragini | 0 | 0% | 2026-03-31 |
| G B S Raju | 0 | 0% | 2026-03-31 |
| B Ramadevi | 0 | 0% | 2026-03-31 |
| Grandhi Satyavathi Smitha | 0 | 0% | 2026-03-31 |
| Grandhi Mallikarjuna Rao Huf | 0 | 0% | 2026-03-31 |
| Grandhi Butchi Sanyasi Raju Huf | 0 | 0% | 2026-03-31 |
| Kirankumar Grandhi Huf | 0 | 0% | 2026-03-31 |
| Srinivas Bommidala Huf | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| G Mallikarjuna Rao | Chairman & Non Executive Dir. | 2025 |
| Kiran Kumar Grandhi | ED / MD / CEO / Promoter | 2025 |
| Srinivas Bommidala | Non Executive Director | 2025 |
| G B S Raju | Vice Chairman & Non executive | 2025 |
| PRABHAKARA RAO INDANA | Executive Director / Deputy Managing Director | 2025 |
| Alexis Benjamin Riols | Executive Director | 2025 |
| PHILIPPE PASCAL | Non-Exec & Non-Independent Dir | 2025 |
| SUBBARAO AMARTHALURU | Independent Non Exe. Director | 2025 |
| MUNDAYAT RAMACHANDRAN | Independent Non Exe. Director | 2025 |
| SADHU RAM BANSAL | Independent Non Exe. Director | 2025 |
| Emandi Sankara Rao | Independent Non Exe. Director | 2025 |
| Bijal Tushar Ajinkya | Independent Non Exe. Director | 2025 |
| Alexandre Guillaume Roger Ziegler | Independent Non Exe. Director | 2025 |
| Anil Chaudhry | Independent Non Exe. Director | 2025 |
| Antoine Crombez | Alternate Director | 2025 |
| Deepak C S | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| EPC | ₹736 Cr | 66.6% |
| Others | ₹370 Cr | 33.4% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹1,084 Cr | 98.1% |
| Outside India | ₹22 Cr | 1.9% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹1 | 1,427 | 1,056 | 1,056 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2024 | 30,869 | 21 | 894 | 17 | 24 | 31,827 |
| 2024 | 5,427 | 0 | 9 | 0 | 8 | 5,443 |
| 2024 | 24,997 | 0 | 796 | 0 | 0 | 25,794 |
Insider / Designated-Person Trades
22 recent disclosure(s)
GVL INVESTMENTS PVT. LTD.Acquisition · 91,00,000
GVL INVESTMENTS PVT. LTD.Acquisition · 8,82,00,000
Varalakshmi Enterprises LLPAcquisition · 10,00,000
Varalakshmi Enterprises LLPAcquisition · 35,00,000
Varalakshmi Enterprises LLPAcquisition · 35,00,000
Varalakshmi Enterprises LLPAcquisition · 25,00,000
Substantial Acquisitions (SAST)
34 disclosure(s)
Bulk Deal04/02/2026 · 5,15,45,391
Bulk Deal15/04/2025 · 90,00,000
Market12/02/2025 - 13/02/2025 · 20,00,000
Market10/02/2025 - 11/02/2025 · 20,00,000
Market05/02/2025 - 07/02/2025 · 30,00,000
Pledge15/01/2025 · —
Company Information
Incorporated1996
ChairmanG Mallikarjuna Rao
AuditorWalker Chandiok & Co LLP
Investor Email[email protected]
📍 Naman Centre 7th Flr P No C-31, G Blk Bandra(E) Bandra Kurla C, Mumbai, Maharashtra, 400051
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