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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532754 | NSE: GMRINFRA

GMR Airports Infrastructure Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:09 pm

Market Cap 81,156 Cr.
Current Price 76.8
High / Low104/57.0
Stock P/E
Book Value 1.61
Dividend Yield0.00 %
ROCE6.41 %
ROE%
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for GMR Airports Infrastructure Ltd

Competitors of GMR Airports Infrastructure Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dreamfolks Services Ltd 2,229 Cr. 420582/40631.3 49.90.48 %46.0 %34.9 % 2.00
GMR Airports Infrastructure Ltd 81,156 Cr. 76.8104/57.0 1.610.00 %6.41 %% 1.00
Industry Average41,692.50 Cr248.4031.3025.760.24%26.21%34.90%1.50

All Competitor Stocks of GMR Airports Infrastructure Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales9191,1261,3641,2841,4391,5841,7611,8902,0182,0642,2272,4472,402
Expenses7226306497491,0151,1151,2361,6351,2651,3371,5581,6301,506
Operating Profit197497715534424468526254753726669817896
OPM %21%44%52%42%29%30%30%13%37%35%30%33%37%
Other Income92131-48382223180457118251184116263160
Interest447519524528516560590672594673857823889
Depreciation204211214260218254266301296373393405466
Profit before tax-363-103-506-171-87-166127-601114-135-465-148-300
Tax %-12%64%2%-25%30%18%17%6%85%40%5%13%13%
Net Profit-318-169-515-129-113-195105-63717-190-486-168-338
EPS in Rs-0.42-0.01-1.04-0.23-0.23-0.320.32-0.730.03-0.15-0.53-0.20-0.23

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales9,97510,65311,0888,2619,5578,5567,4118,3953,5664,6016,6938,7559,139
Expenses9,0268,0978,5337,8046,3946,9995,9586,2172,6612,4954,9495,7896,032
Operating Profit9482,5562,5554573,1631,5581,4532,1789052,1061,7452,9663,108
OPM %10%24%23%6%33%18%20%26%25%46%26%34%34%
Other Income2,5832,14523369381718-1,228144-1,930-341915794723
Interest2,0992,9723,5722,1962,1282,3162,6843,5451,8032,0192,3432,9293,242
Depreciation1,0401,4551,8131,1971,0191,0289841,0648868891,0421,4661,636
Profit before tax393275-2,806-2,568397-1,069-3,444-2,287-3,714-1,144-726-635-1,048
Tax %66%61%5%7%187%4%-3%-4%-8%-1%16%30%
Net Profit135108-2,972-2,749-347-1,115-3,356-2,202-3,428-1,131-840-828-1,182
EPS in Rs0.190.02-5.16-4.49-0.94-2.26-5.93-4.02-4.63-1.70-0.30-0.93-1.11
Dividend Payout %44%389%-0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-20.00%-2851.85%7.50%87.38%-221.33%-200.99%34.39%-55.68%67.01%25.73%1.43%
Change in YoY Net Profit Growth (%)0.00%-2831.85%2859.36%79.87%-308.70%20.34%235.37%-90.06%122.68%-41.28%-24.30%

GMR Airports Infrastructure Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:3%
3 Years:35%
TTM:24%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:21%
TTM:-46%
Stock Price CAGR
10 Years:15%
5 Years:32%
3 Years:28%
1 Year:35%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital3893894366046046046046046046046046041,056
Reserves6,8896,0955,1954,3874,7392,842-1,057-3,062-2,322-1,421-1,396-2,768-2,755
Borrowings42,34947,33349,92939,44421,48423,44127,58034,44236,86426,63332,15735,90535,882
Other Liabilities14,13411,28011,23314,70810,02611,01212,94914,31914,69711,27212,55714,74814,238
Total Liabilities63,76265,09766,79459,14336,85237,89840,07546,30249,84337,08743,92148,48948,422
Fixed Assets27,33533,63934,18334,51315,77315,64316,08016,17812,77210,32515,15728,73728,252
CWIP19,17815,73417,2472,1552395898583,8116,62210,17611,1751,6742,865
Investments2838801,4136,54512,42212,87110,11510,1199,6743,7984,4784,4254,734
Other Assets16,96514,84513,95115,9308,4178,79513,02216,19420,77512,78813,11113,65312,571
Total Assets63,76265,09766,79459,14336,85237,89840,07546,30249,84337,08743,92148,48948,422

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3,1782,5902,9153,4984,5042,3472,0521,37633,2562,1993,880
Cash from Investing Activity +-8,490-5,512-3,159-1,6601,485-962-3,605-9872,434-2,043-2,310-5,792
Cash from Financing Activity +5,910634448-2,018-5,727-1,1918161,617-1,056-3,8941,731467
Net Cash Flow598-2,289204-180263194-7372,0051,382-2,6811,620-1,445

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow906.00-45.00-47.00418.00-18.00-22.00-26.00-32.00869.00-24.00-31.00-33.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6255536866757162117302020
Inventory Days581201048233203756
Days Payable319588694466366372639605
Cash Conversion Cycle-199-414-536-316-266-277-531-488117302020
Working Capital Days-326-257-299-303-128-180-256-426-317-196-162-173
ROCE %3%3%2%-1%7%4%5%6%1%5%4%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024
Promoters59.83%58.90%58.90%58.90%58.90%59.00%59.07%59.07%59.07%59.07%59.07%66.07%
FIIs28.21%27.66%27.80%27.85%27.84%28.36%28.15%28.01%27.38%26.78%25.98%14.76%
DIIs1.96%2.45%2.11%3.91%4.23%4.11%4.43%4.28%5.22%6.07%5.74%3.38%
Public10.00%10.99%11.19%9.36%9.05%8.54%8.36%8.65%8.34%8.08%9.21%15.79%
No. of Shareholders4,27,6455,17,1674,99,4414,98,3284,77,7314,65,8864,43,7084,61,9995,42,9606,93,4388,66,8518,81,670

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Equity Arbitrage Fund - Regular Plan17,561,2500.35178.6517,561,2502024-11-200%
DSP Arbitrage Fund6,896,2501.2370.1617,561,2502024-11-20-60.73%
Nippon India Arbitrage Fund6,412,5000.4265.2317,561,2502024-11-20-63.48%
Bandhan Arbitrage Fund5,006,2500.7350.9317,561,2502024-11-20-71.49%
DSP Dynamic Asset Allocation Fund3,903,7501.2439.7117,561,2502024-11-20-77.77%
Aditya Birla Sun Life Balanced Advantage Fund3,363,7500.4634.2217,561,2502024-11-20-80.85%
Motilal Oswal Nifty Midcap 150 Index Fund1,979,4421.0720.1417,561,2502024-11-20-88.73%
Nippon India ETF Nifty Midcap 1501,939,3241.0719.7317,561,2502024-11-20-88.96%
Parag Parikh Arbitrage Fund1,732,5001.9817.6217,561,2502024-11-20-90.13%
Nippon India Nifty Midcap 150 Index Fund1,634,0921.0716.6217,561,2502024-11-20-90.69%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-0.93-0.30-1.70-4.64-4.03
Diluted EPS (Rs.)-0.93-0.30-1.70-4.64-4.03
Cash EPS (Rs.)0.680.19-0.51-4.11-1.41
Book Value[Excl.RevalReserv]/Share (Rs.)-1.441.613.182.180.35
Book Value[Incl.RevalReserv]/Share (Rs.)-1.441.613.182.180.35
Revenue From Operations / Share (Rs.)14.5011.097.625.9114.17
PBDIT / Share (Rs.)5.663.844.082.025.46
PBIT / Share (Rs.)3.232.122.600.553.70
PBT / Share (Rs.)-1.43-1.35-1.38-2.44-3.31
Net Profit / Share (Rs.)-1.74-1.53-1.99-5.58-3.17
NP After MI And SOA / Share (Rs.)-0.92-0.29-1.70-4.63-4.02
PBDIT Margin (%)39.0434.6553.4934.1738.51
PBIT Margin (%)22.3019.0734.169.3226.07
PBT Margin (%)-9.83-12.12-18.15-41.23-23.31
Net Profit Margin (%)-12.02-13.83-26.12-94.46-22.36
NP After MI And SOA Margin (%)-6.38-2.67-22.24-78.44-28.39
Return on Capital Employeed (%)4.743.645.120.927.45
Return On Assets (%)-1.14-0.40-2.75-5.59-5.22
Long Term Debt / Equity (X)-15.86-35.54-29.84-18.04-10.79
Total Debt / Equity (X)-16.30-40.29-32.42-18.78-11.45
Asset Turnover Ratio (%)0.180.000.000.000.03
Current Ratio (X)1.060.971.031.030.74
Quick Ratio (X)1.050.961.021.020.73
Inventory Turnover Ratio (X)0.710.000.000.003.42
Interest Coverage Ratio (X)1.170.981.220.670.92
Interest Coverage Ratio (Post Tax) (X)0.600.490.780.340.65
Enterprise Value (Cr.)83018.6054147.9448408.3743593.6536186.92
EV / Net Operating Revenue (X)9.488.0910.5212.224.23
EV / EBITDA (X)24.2923.3519.6735.7710.98
MarketCap / Net Operating Revenue (X)5.633.654.844.121.15
Price / BV (X)-22.76-30.86-27.23-8.55-3.99
Price / Net Operating Revenue (X)5.633.654.844.121.15
EarningsYield-0.01-0.01-0.04-0.19-0.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GMR Airports Infrastructure Ltd as of November 21, 2024 is: 3.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, GMR Airports Infrastructure Ltd is Overvalued by 95.20% compared to the current share price 76.80

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of GMR Airports Infrastructure Ltd as of November 21, 2024 is: 4.99

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, GMR Airports Infrastructure Ltd is Overvalued by 93.50% compared to the current share price 76.80

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 35.22%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -251.92, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -236.67, which is a positive sign.
  1. The stock has a low average ROCE of 3.75%, which may not be favorable.
  2. The company has higher borrowings (34,880.23) compared to reserves (1,182.00), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (7.69) and profit (-23.92).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GMR Airports Infrastructure Ltd:
    1. Net Profit Margin: -12.02%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 4.74% (Industry Average ROCE: 26.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 34.9%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.6
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.05
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 31.3)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: -16.3
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest intrinsic value of GMR Airports Infrastructure Ltd?

The latest intrinsic value of GMR Airports Infrastructure Ltd as on 21 November 2024 is ₹3.69, which is 95.20% lower than the current market price of ₹76.80.

What is the Market Cap of GMR Airports Infrastructure Ltd?

The Market Cap of GMR Airports Infrastructure Ltd is 81,156 Cr..

What is the current Stock Price of GMR Airports Infrastructure Ltd as on 21 November 2024?

The current stock price of GMR Airports Infrastructure Ltd as on 21 November 2024 is ₹76.8.

What is the High / Low of GMR Airports Infrastructure Ltd stocks in FY 2024?

In FY 2024, the High / Low of GMR Airports Infrastructure Ltd stocks is 104/57.0.

What is the Stock P/E of GMR Airports Infrastructure Ltd?

The Stock P/E of GMR Airports Infrastructure Ltd is .

What is the Book Value of GMR Airports Infrastructure Ltd?

The Book Value of GMR Airports Infrastructure Ltd is 1.61.

What is the Dividend Yield of GMR Airports Infrastructure Ltd?

The Dividend Yield of GMR Airports Infrastructure Ltd is 0.00 %.

What is the ROCE of GMR Airports Infrastructure Ltd?

The ROCE of GMR Airports Infrastructure Ltd is 6.41 %.

What is the ROE of GMR Airports Infrastructure Ltd?

The ROE of GMR Airports Infrastructure Ltd is %.

What is the Face Value of GMR Airports Infrastructure Ltd?

The Face Value of GMR Airports Infrastructure Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GMR Airports Infrastructure Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE