āagman

Not investment advice. Data and computed figures, for information only.

GMR Airports Ltd

NSE: GMRAIRPORTF&O
₹90.47
+₹0.25 (+0.28%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹97,470 Cr
CMP
₹90.47
52-wk High / Low
₹116 / 84
P/E
173.0
Book Value
₹−2.6
Div Yield
0.00%
ROCE
12.0%
Face Value
₹1

Price+0.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
ROIC
7.7%
vs 9.3% sector median
Cash flow to profit
10.35
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+20
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
56.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.83FII +1.57DII +0.21
Latest quarter vs the previous one
Cash-accrual divergence
−8.6%
of assets
Low = accruals track cash flow
Strengths
+Promoter holding rose by 8.2pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
Watch-outs
−Latest ROCE of 12% trails the sector median of 14%
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,0182,0642,2272,4472,4022,4952,6532,8633,2053,6703,9943,9383,967
Expenses1,2651,3371,5581,6301,5061,6361,6621,8542,0412,2232,2932,4932,517
Operating Profit7537266698178968599921,0091,1651,4471,7011,4451,450
OPM %37.3%35.2%30.0%33.4%37.3%34.4%37.4%35.2%36.3%39.4%42.6%36.7%36.6%
Other Income251184116263160260562241208130−73260167
Interest5946738578238891,0318299559491,043917950938
Depreciation296373393405466474479491489431465452456
Profit before tax114−135−465−148−300−386246−196−65103246302223
Net Profit17−190−486−168−338−429202−253−13735174400148
EPS (₹)0.03−0.15−0.53−0.20−0.23−0.270.25−0.23−0.20−0.040.120.290.09

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11,0888,2619,5578,5567,4118,3953,5664,6016,6748,75510,41414,80715,569
Expenses8,5337,8046,3946,9995,9586,2172,6612,3164,9475,7836,6399,0509,527
Operating Profit2,5554573,1631,5581,4532,1789052,2851,7272,9723,7755,7576,042
OPM %23.0%5.5%33.1%18.2%19.6%25.9%25.4%49.7%25.9%33.9%36.2%38.9%38.8%
Other Income23369381718−1,228144−1,930−5219237881,205524483
Interest3,5722,1962,1282,3162,6843,5451,8032,0192,3382,9293,7053,8593,847
Depreciation1,8131,1971,0191,0289841,0648868891,0381,4661,9101,8371,804
Profit before tax−2,806−2,568397−1,069−3,444−2,287−3,714−1,144−727−635−635586874
Net Profit−2,972−2,749−347−1,115−3,356−2,202−3,428−1,131−840−828−817472757
EPS (₹)−5.16−4.49−0.94−2.26−5.93−4.02−4.63−1.70−0.30−0.93−0.370.170.46

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital4366046046046046046046046046041,0561,056—
Reserves5,3374,3874,7392,842−1,057−3,062−2,322−1,421−1,396−2,768−3,827−3,803—
Borrowings49,92939,44421,48423,44127,58034,44236,86426,63332,15735,90538,48543,550—
Other Liabilities11,09114,70810,02611,01212,94914,31914,69711,27212,55714,74812,84513,755—
Total Liabilities66,79459,14336,85237,89840,07546,30249,84337,08743,92148,48948,55954,558—
Fixed Assets34,18334,51315,77315,64316,08016,17812,77210,32515,15728,73728,21828,929—
CWIP17,2472,1552395898583,8116,62210,17611,1751,6743,8085,520—
Investments1,4136,54512,42212,87110,11510,1199,6743,7984,4784,4254,2885,959—
Other Assets13,95115,9308,4178,79513,02216,19420,77512,78813,11113,65312,24614,150—
Total Assets66,79459,14336,85237,89840,07546,30249,84337,08743,92148,48948,55954,558—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2,5902,9153,4984,5042,3472,0521,37633,2562,1993,8803,4434,884
Cash from Investing Activity−5,512−3,159−1,6601,485−962−3,605−9872,434−2,043−2,310−5,792−3,673−3,589
Cash from Financing Activity634448−2,018−5,727−1,1918161,617−1,056−3,8941,731467−1,010−1,238
Net Cash Flow−2,289204−180263194−7372,0051,382−2,6811,620−1,445−1,24156

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.02.0−1.07.04.05.06.01.05.04.06.07.012.0
ROE %—————————————
EPS (₹)0.02−5.16−4.49−0.94−2.26−5.93−4.02−4.63−1.70−0.30−0.93−0.370.17
Book Value (₹)————————————−2.6
Face Value (₹)————————————1
P/E————————————173.0
Div Yield %————————————0.00
NPM %1.0−26.7−31.9−3.5−12.0−54.3−25.8−209.5−27.7−11.1−8.7−7.03.1
OPM %24.023.06.033.018.020.026.025.050.026.034.036.039.0
D/E7.308.657.904.026.80————————
P/B—————————————

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+6.0%
5 years+33.0%
3 years+30.0%
TTM+39.0%
Compounded profit growth
10 years+8.0%
5 years+16.0%
3 years+42.0%
TTM+159.0%
Stock price CAGR
10 years+23.0%
5 years+18.0%
3 years+16.0%
Last year+2.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters61.66%61.66%61.66%63.22%65.31%62.61%58.90%59.00%59.07%66.24%66.33%67.16%
FIIs20.42%20.42%17.06%18.21%20.58%23.75%27.66%28.36%26.78%15.09%20.17%21.74%
DIIs7.83%7.83%9.12%6.59%3.73%3.15%2.45%4.11%6.07%4.13%4.93%5.14%
Government————————————
Public10.09%10.09%11.87%11.69%10.37%10.50%10.99%8.54%8.08%14.55%8.56%5.95%
No. of shareholders4,14,8654,14,8654,29,1653,96,9373,67,7113,58,2715,17,1674,65,8866,93,4388,56,7406,94,2726,76,526
Change since Jun 2023 (pp)
Promoters +5.50FIIs +1.32DIIs −2.69Public −4.14

Documents

As of 11 Oct 2026
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Announcement under Regulation 30 (LODR)-Resignation of DirectorClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-AllotmentCompliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTJun 2026TranscriptJun 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025TranscriptJul 2025PPT

Corporate actions

As of 11 Jan 2022
11 Jan 2022DEMERGERDemerger—
11 Mar 2015RIGHTSRights 3:14 @ Premium Rs 14/- Per Share—
9 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.10/- Per Share—
5 Sep 2013DIVIDENDAnnual General Meeting And Dividend Re.0.10/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman