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Last Updated on: 22 February, 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

GMR Airports Infrastructure Ltd. Share Price Update

Share PriceValue
Today₹88.40
Previous Day₹85.59

Basic Stock Data of GMR Airports Infrastructure Ltd

Market Cap 53,871 Cr.
Current Price 89.2
High / Low92.6/36.8
Stock P/E
Book Value 1.66
Dividend Yield0.00 %
ROCE4.49 %
ROE%
Face Value 1.00

Data Source: screener.in

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

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:-4%
5 Years:-5%
3 Years:-7%
TTM:35%
Compounded Profit Growth
10 Years:4%
5 Years:12%
3 Years:23%
TTM:-45%
Stock Price CAGR
10 Years:17%
5 Years:46%
3 Years:55%
1 Year:139%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7362555368667571621173020
Inventory Days59581201048233203756
Days Payable282319588694466366372639605
Cash Conversion Cycle-150-199-414-536-316-266-277-531-4881173020
Working Capital Days-230-326-257-299-303-128-180-256-426-317-196-162
ROCE %2%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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters62.61%61.49%60.50%59.83%58.90%58.90%58.90%58.90%59.00%59.07%59.07%59.07%
FIIs23.75%25.08%26.91%28.21%27.66%27.80%27.85%27.84%28.36%28.15%28.01%27.38%
DIIs3.15%2.01%2.27%1.96%2.45%2.11%3.91%4.23%4.11%4.43%4.28%5.22%
Public10.50%11.42%10.32%10.00%10.99%11.19%9.36%9.05%8.54%8.36%8.65%8.34%
No. of Shareholders3,58,2713,92,3743,78,6494,27,6455,17,1674,99,4414,98,3284,77,7314,65,8864,43,7084,61,9995,42,960

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)
Kotak Equity Arbitrage Fund - Regular Plan217237500.41118.61
SBI Arbitrage Opportunities Fund83700000.245.7
Edelweiss Arbitrage Fund71325000.5538.94
Aditya Birla Sun Life Equity Savings Fund65250007.0635.63
DSP Arbitrage Fund57600001.231.45
Aditya Birla Sun Life Arbitrage Fund52650000.4928.75
ICICI Prudential Equity - Arbitrage Fund52650000.1928.75
Invesco India Arbitrage Fund50850000.3227.76
Nippon India Arbitrage Fund40500000.222.11
DSP Dynamic Asset Allocation Fund30600000.5316.71

GMR Airports Infrastructure Ltd ROCE Trend

GMR Airports Infrastructure Ltd EPS Trend

GMR Airports Infrastructure Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-0.30-1.70-4.64-4.03-5.95
Diluted EPS (Rs.)-0.30-1.70-4.64-4.03-5.95
Cash EPS (Rs.)0.19-0.51-4.11-1.41-3.78
Book Value[Excl.RevalReserv]/Share (Rs.)1.613.182.180.352.06
Book Value[Incl.RevalReserv]/Share (Rs.)1.613.182.180.352.06
Revenue From Operations / Share (Rs.)11.097.625.9114.1712.53
PBDIT / Share (Rs.)3.844.082.025.464.00
PBIT / Share (Rs.)2.122.600.553.702.37
PBT / Share (Rs.)-1.35-1.38-2.44-3.31-5.74
Net Profit / Share (Rs.)-1.53-1.99-5.58-3.17-5.41
NP After MI And SOA / Share (Rs.)-0.29-1.70-4.63-4.02-5.93
PBDIT Margin (%)34.6553.4934.1738.5131.91
PBIT Margin (%)19.0734.169.3226.0718.90
PBT Margin (%)-12.12-18.15-41.23-23.31-45.81
Net Profit Margin (%)-13.83-26.12-94.46-22.36-43.20
NP After MI And SOA Margin (%)-2.67-22.24-78.44-28.39-47.33
Return on Capital Employeed (%)3.645.120.927.455.46
Return On Assets (%)-0.40-2.75-5.59-5.22-8.86
Long Term Debt / Equity (X)-35.54-29.84-18.04-10.79-26.42
Total Debt / Equity (X)-40.29-32.42-18.78-11.45-29.22
Asset Turnover Ratio (%)0.000.000.000.030.03
Current Ratio (X)0.971.031.030.740.74
Quick Ratio (X)0.961.021.020.730.73
Inventory Turnover Ratio (X)0.000.000.003.424.53
Interest Coverage Ratio (X)0.981.220.670.920.89
Interest Coverage Ratio (Post Tax) (X)0.490.780.340.650.56
Enterprise Value (Cr.)54147.9448408.3743593.6536186.9236345.78
EV / Net Operating Revenue (X)8.0910.5212.224.234.80
EV / EBITDA (X)23.3519.6735.7710.9815.05
MarketCap / Net Operating Revenue (X)3.654.844.121.151.58
Price / BV (X)-30.86-27.23-8.55-3.99-14.57
Price / Net Operating Revenue (X)3.654.844.121.151.58
EarningsYield-0.01-0.04-0.19-0.24-0.29

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 of GMR Airports Infrastructure Ltd Stock

Fair Value: ₹3.81

The stock is overvalued by 95.73% compared to the current price ₹89.2

*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 -256.67, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -250.83, 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 3.42%, which may not be favorable.
  2. The company has not shown consistent growth in sales (7.54) and profit (-78.31).

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