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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of GMR Airports Infrastructure Ltd

About the Company - GMR Airports Infrastructure Ltd

GMR Airports Infrastructure Ltd. is a Public Limited Listed company incorporated on 10/05/1996 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L45203MH1996PLC281138 and registration number is 281138. Currently Company is involved in the business activities of Management of other investment funds. Company’s Total Operating Revenue is Rs. 39.06 Cr. and Equity Capital is Rs. 603.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Airport & Airport ServicesUnit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, Gurugram Haryana 122002gil.cosecy@gmrgroup.in
http://www.gmrinfra.com
Management
NamePosition Held
Mr. G M RaoChairman
Mr. Grandhi Kiran KumarManaging Director & CEO
Mr. Madhva Bhimacharya TerdalNon Exe.Non Ind.Director
Mr. Srinivas BommidalaGroup Director
Mr. Subba Rao AmarthaluruIndependent Director
Mrs. Bijal Tushar AjinkyaIndependent Director
Mr. G B S RajuGroup Director
Mr. B V N RaoGroup Director
Mr. Suresh NarangIndependent Director
Mr. Emandi Sankara RaoIndependent Director
Mr. Mundayat RamachandranIndependent Director
Mr. Sadhu Ram BansalIndependent Director

Basic Stock Data of GMR Airports Infrastructure Ltd

Last Updated: June 17, 2024, 8:33 pm

Market Cap 56,690 Cr.
Current Price 93.9
High / Low94.6/41.3
Stock P/E
Book Value 3.59
Dividend Yield0.00 %
ROCE6.39 %
ROE%
Face Value 1.00
PEG Ratio0.00

GMR Airports Infrastructure Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8361,5569191,1261,3641,2841,4391,5841,7611,8902,0182,0642,227
Expenses1,5051,8747226306497491,0151,1151,2361,6351,2651,3371,558
Operating Profit-669-319197497715534424468526254753726669
OPM %-80%-20%21%44%52%42%29%30%30%13%37%35%30%
Other Income12714292131-48382223180457118251184116
Interest417390447519524528516560590672594673857
Depreciation203201204211214260218254266301296373393
Profit before tax-1,162-768-363-103-506-171-87-166127-601114-135-465
Tax %4%6%12%-64%-2%25%-30%-18%17%-6%85%-40%-5%
Net Profit-1,121-723-318-169-515-129-113-195105-63717-190-486
EPS in Rs-1.86-1.30-0.42-0.01-1.04-0.23-0.23-0.320.32-0.730.03-0.15-0.53

Last Updated: June 7, 2024, 8:50 am

GMR Airports Infrastructure Ltd Quarterly Chart

GMR Airports Infrastructure Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8,4739,97510,65311,0888,2619,5578,5567,4118,3953,5664,6016,6937,737
Expenses6,9009,0268,0978,5337,8046,3946,9995,9586,2172,6612,4954,9495,474
Operating Profit1,5739482,5562,5554573,1631,5581,4532,1789052,1061,7452,264
OPM %19%10%24%23%6%33%18%20%26%25%46%26%29%
Other Income1682,5832,14523369381718-1,228144-1,930-3419151,030
Interest1,6532,0992,9723,5722,1962,1282,3162,6843,5451,8032,0192,3432,553
Depreciation9361,0401,4551,8131,1971,0191,0289841,0648868891,0421,236
Profit before tax-848393275-2,806-2,568397-1,069-3,444-2,287-3,714-1,144-726-495
Tax %-25%66%61%-5%-7%187%-4%3%4%8%1%-16%
Net Profit-1,059135108-2,972-2,749-347-1,115-3,356-2,202-3,428-1,131-840-705
EPS in Rs-1.280.190.02-5.16-4.49-0.94-2.26-5.93-4.02-4.63-1.70-0.30-0.70
Dividend Payout %0%44%389%-0%0%0%0%0%0%0%0%0%

GMR Airports Infrastructure Ltd Profit & Loss Yearly Chart

GMR Airports Infrastructure Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:3%
3 Years:35%
TTM:31%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:21%
TTM:-168%
Stock Price CAGR
10 Years:12%
5 Years:47%
3 Years:53%
1 Year:118%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: June 12, 2024, 7:38 am

GMR Airports Infrastructure Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital389389389436604604604604604604604604604
Reserves7,1496,8896,0955,1954,3874,7392,842-1,057-3,062-2,322-1,421-1,396-1,606
Preference Capital1,98002,2922,1210037856600
Borrowings36,07742,34945,04147,80839,44421,48423,06327,57534,43636,85826,63332,15731,475
Other Liabilities12,57614,13413,57213,35414,70810,02611,39012,95414,32514,70311,27212,55713,935
Total Liabilities56,19163,76265,09766,79459,14336,85237,89840,07546,30249,84337,08743,92144,408
Fixed Assets23,32827,33533,63934,18334,51315,77315,64316,08016,17812,77210,32515,15721,009
CWIP18,65719,17815,73417,2472,1552395898583,8116,62210,17611,1756,669
Investments7222838801,4136,54512,42212,87110,11510,1199,6743,7984,4785,515
Other Assets13,48416,96514,84513,95115,9308,4178,79513,02216,19420,77512,78813,11111,214
Total Assets56,19163,76265,09766,79459,14336,85237,89840,07546,30249,84337,08743,92144,408

GMR Airports Infrastructure Ltd Reserves and Borrowings Chart

GMR Airports Infrastructure Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,3313,1782,5902,9153,4984,5042,3472,0521,37633,2562,299
Cash from Investing Activity -10,376-8,490-5,512-3,159-1,6601,485-962-3,605-9872,434-2,043-2,410
Cash from Financing Activity 10,1235,910634448-2,018-5,727-1,1918161,617-1,056-3,8941,731
Net Cash Flow1,078598-2,289204-180263194-7372,0051,382-2,6811,620

GMR Airports Infrastructure Ltd 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-326-257-299-303-128-180-256-426-317-196-162-28
ROCE %3%3%2%-1%7%4%5%6%1%5%4%

GMR Airports Infrastructure Ltd Financial Efficiency Indicators Chart

GMR Airports Infrastructure Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters61.49%60.50%59.83%58.90%58.90%58.90%58.90%59.00%59.07%59.07%59.07%59.07%
FIIs25.08%26.91%28.21%27.66%27.80%27.85%27.84%28.36%28.15%28.01%27.38%26.78%
DIIs2.01%2.27%1.96%2.45%2.11%3.91%4.23%4.11%4.43%4.28%5.22%6.07%
Public11.42%10.32%10.00%10.99%11.19%9.36%9.05%8.54%8.36%8.65%8.34%8.08%
No. of Shareholders3,92,3743,78,6494,27,6455,17,1674,99,4414,98,3284,77,7314,65,8864,43,7084,61,9995,42,9606,93,438

GMR Airports Infrastructure Ltd Shareholding Pattern Chart

No. of GMR Airports Infrastructure Ltd Shareholders

GMR Airports Infrastructure Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Equity Arbitrage Fund - Regular Plan21,723,7500.41118.614,050,0002024-06-16436.39%
SBI Arbitrage Opportunities Fund8,370,0000.245.74,050,0002024-06-16106.67%
Edelweiss Arbitrage Fund7,132,5000.5538.944,050,0002024-06-1676.11%
Aditya Birla Sun Life Equity Savings Fund6,525,0007.0635.634,050,0002024-06-1661.11%
DSP Arbitrage Fund5,760,0001.231.454,050,0002024-06-1642.22%
Aditya Birla Sun Life Arbitrage Fund5,265,0000.4928.754,050,0002024-06-1630%
ICICI Prudential Equity - Arbitrage Fund5,265,0000.1928.754,050,0002024-06-1630%
Invesco India Arbitrage Fund5,085,0000.3227.764,050,0002024-06-1625.56%
Nippon India Arbitrage Fund4,050,0000.222.114,050,0002024-06-160%
DSP Dynamic Asset Allocation Fund3,060,0000.5316.714,050,0002024-06-16-24.44%

GMR Airports Infrastructure Ltd ROCE Trend

GMR Airports Infrastructure Ltd EPS Trend

GMR Airports Infrastructure Ltd 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

GMR Airports Infrastructure Ltd Profitability Ratios (%)

GMR Airports Infrastructure Ltd Liquidity Ratios

GMR Airports Infrastructure Ltd Liquidity Ratios (%)

GMR Airports Infrastructure Ltd Interest Coverage Ratios (%)

GMR Airports Infrastructure Ltd Valuation Ratios

Fair Value

Fair Value: 8.24

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.

Overvalued: 91.23% compared to the current price 93.9

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

Intrinsic Value: 11.04

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 88.24% compared to the current price ₹93.9

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

Last 5 Year EPS CAGR: 34.00%

*Investments are subject to market risks

Strength and Weakness of GMR Airports Infrastructure Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -239.83, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -236.67, which is a positive sign.
  3. The company has higher reserves (2,033.23 cr) compared to borrowings (522.15 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 3.25%, which may not be favorable.
  2. The company has not shown consistent growth in sales (7.54) and profit (-78.31).

FAQ

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

The latest fair value of GMR Airports Infrastructure Ltd is ₹8.24.

What is the Market Cap of GMR Airports Infrastructure Ltd?

The Market Cap of GMR Airports Infrastructure Ltd is 56,690 Cr..

What is the current Stock Price of GMR Airports Infrastructure Ltd as on 22 June 2024?

The current stock price of GMR Airports Infrastructure Ltd as on 22 June 2024 is ₹93.9.

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 94.6/41.3.

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 3.59.

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 6.39 %.

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