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.

INDUSTRY	ADDRESS	CONTACT
Airport & Airport Services	Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, Gurugram Haryana 122002	gil.cosecy@gmrgroup.in http://www.gmrinfra.com

Management
Name	Position Held
Mr. G M Rao	Chairman
Mr. Grandhi Kiran Kumar	Managing Director & CEO
Mr. Madhva Bhimacharya Terdal	Non Exe.Non Ind.Director
Mr. Srinivas Bommidala	Group Director
Mr. Subba Rao Amarthaluru	Independent Director
Mrs. Bijal Tushar Ajinkya	Independent Director
Mr. G B S Raju	Group Director
Mr. B V N Rao	Group Director
Mr. Suresh Narang	Independent Director
Mr. Emandi Sankara Rao	Independent Director
Mr. Mundayat Ramachandran	Independent Director
Mr. Sadhu Ram Bansal	Independent Director

Basic Stock Data of GMR Airports Infrastructure Ltd

Last Updated: July 26, 2024, 10:39 pm

Market Cap	69,525 Cr.
Current Price	97.3
High / Low	101/49.2
Stock P/E
Book Value	3.59
Dividend Yield	0.00 %
ROCE	6.39 %
ROE	%
Face Value	1.00
PEG Ratio	0.00

Data Source: screener.in

GMR Airports Infrastructure Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	836	1,556	919	1,126	1,364	1,284	1,439	1,584	1,761	1,890	2,018	2,064	2,227
Expenses	1,505	1,874	722	630	649	749	1,015	1,115	1,236	1,635	1,265	1,337	1,558
Operating Profit	-669	-319	197	497	715	534	424	468	526	254	753	726	669
OPM %	-80%	-20%	21%	44%	52%	42%	29%	30%	30%	13%	37%	35%	30%
Other Income	127	142	92	131	-483	82	223	180	457	118	251	184	116
Interest	417	390	447	519	524	528	516	560	590	672	594	673	857
Depreciation	203	201	204	211	214	260	218	254	266	301	296	373	393
Profit before tax	-1,162	-768	-363	-103	-506	-171	-87	-166	127	-601	114	-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	-195	105	-637	17	-190	-486
EPS in Rs	-1.86	-1.30	-0.42	-0.01	-1.04	-0.23	-0.23	-0.32	0.32	-0.73	0.03	-0.15	-0.53

Last Updated: July 11, 2024, 10:41 am

GMR Airports Infrastructure Ltd Quarterly Chart

GMR Airports Infrastructure Ltd Profit & Loss

Last Updated: July 10, 2024, 5:23 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	8,473	9,975	10,653	11,088	8,261	9,557	8,556	7,411	8,395	3,566	4,601	6,693	7,737
Expenses	6,900	9,026	8,097	8,533	7,804	6,394	6,999	5,958	6,217	2,661	2,495	4,949	5,474
Operating Profit	1,573	948	2,556	2,555	457	3,163	1,558	1,453	2,178	905	2,106	1,745	2,264
OPM %	19%	10%	24%	23%	6%	33%	18%	20%	26%	25%	46%	26%	29%
Other Income	168	2,583	2,145	23	369	381	718	-1,228	144	-1,930	-341	915	1,030
Interest	1,653	2,099	2,972	3,572	2,196	2,128	2,316	2,684	3,545	1,803	2,019	2,343	2,553
Depreciation	936	1,040	1,455	1,813	1,197	1,019	1,028	984	1,064	886	889	1,042	1,236
Profit before tax	-848	393	275	-2,806	-2,568	397	-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	-1,059	135	108	-2,972	-2,749	-347	-1,115	-3,356	-2,202	-3,428	-1,131	-840	-705
EPS in Rs	-1.28	0.19	0.02	-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:	15%
5 Years:	48%
3 Years:	56%
1 Year:	93%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: July 26, 2024, 5:09 pm

GMR Airports Infrastructure Ltd Balance Sheet

Last Updated: July 10, 2024, 5:23 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	389	389	389	436	604	604	604	604	604	604	604	604	604
Reserves	7,149	6,889	6,095	5,195	4,387	4,739	2,842	-1,057	-3,062	-2,322	-1,421	-1,396	-1,606
Preference Capital	1,980	0	2,292	2,121	0	0	378	5	6	6	0	0
Borrowings	36,077	42,349	45,041	47,808	39,444	21,484	23,063	27,575	34,436	36,858	26,633	32,157	31,475
Other Liabilities	12,576	14,134	13,572	13,354	14,708	10,026	11,390	12,954	14,325	14,703	11,272	12,557	13,935
Total Liabilities	56,191	63,762	65,097	66,794	59,143	36,852	37,898	40,075	46,302	49,843	37,087	43,921	44,408
Fixed Assets	23,328	27,335	33,639	34,183	34,513	15,773	15,643	16,080	16,178	12,772	10,325	15,157	21,009
CWIP	18,657	19,178	15,734	17,247	2,155	239	589	858	3,811	6,622	10,176	11,175	6,669
Investments	722	283	880	1,413	6,545	12,422	12,871	10,115	10,119	9,674	3,798	4,478	5,515
Other Assets	13,484	16,965	14,845	13,951	15,930	8,417	8,795	13,022	16,194	20,775	12,788	13,111	11,214
Total Assets	56,191	63,762	65,097	66,794	59,143	36,852	37,898	40,075	46,302	49,843	37,087	43,921	44,408

GMR Airports Infrastructure Ltd Reserves and Borrowings Chart

GMR Airports Infrastructure Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	3,178	2,590	2,915	3,498	4,504	2,347	2,052	1,376	3	3,256	2,299	3,880
Cash from Investing Activity	-8,490	-5,512	-3,159	-1,660	1,485	-962	-3,605	-987	2,434	-2,043	-2,410	-5,788
Cash from Financing Activity	5,910	634	448	-2,018	-5,727	-1,191	816	1,617	-1,056	-3,894	1,731	467
Net Cash Flow	598	-2,289	204	-180	263	194	-737	2,005	1,382	-2,681	1,620	-1,442

GMR Airports Infrastructure Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	62	55	53	68	66	75	71	62	117	30	20	20
Inventory Days	58	120	104	82	33	20	37	56
Days Payable	319	588	694	466	366	372	639	605
Cash Conversion Cycle	-199	-414	-536	-316	-266	-277	-531	-488	117	30	20	20
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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	61.49%	60.50%	59.83%	58.90%	58.90%	58.90%	58.90%	59.00%	59.07%	59.07%	59.07%	59.07%
FIIs	25.08%	26.91%	28.21%	27.66%	27.80%	27.85%	27.84%	28.36%	28.15%	28.01%	27.38%	26.78%
DIIs	2.01%	2.27%	1.96%	2.45%	2.11%	3.91%	4.23%	4.11%	4.43%	4.28%	5.22%	6.07%
Public	11.42%	10.32%	10.00%	10.99%	11.19%	9.36%	9.05%	8.54%	8.36%	8.65%	8.34%	8.08%
No. of Shareholders	3,92,374	3,78,649	4,27,645	5,17,167	4,99,441	4,98,328	4,77,731	4,65,886	4,43,708	4,61,999	5,42,960	6,93,438

GMR Airports Infrastructure Ltd Shareholding Pattern Chart

No. of GMR Airports Infrastructure Ltd Shareholders

GMR Airports Infrastructure Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Equity Arbitrage Fund - Regular Plan	21,723,750	0.41	118.61	4,050,000	2024-07-25	436.39%
SBI Arbitrage Opportunities Fund	8,370,000	0.2	45.7	4,050,000	2024-07-25	106.67%
Edelweiss Arbitrage Fund	7,132,500	0.55	38.94	4,050,000	2024-07-25	76.11%
Aditya Birla Sun Life Equity Savings Fund	6,525,000	7.06	35.63	4,050,000	2024-07-25	61.11%
DSP Arbitrage Fund	5,760,000	1.2	31.45	4,050,000	2024-07-25	42.22%
Aditya Birla Sun Life Arbitrage Fund	5,265,000	0.49	28.75	4,050,000	2024-07-25	30%
ICICI Prudential Equity - Arbitrage Fund	5,265,000	0.19	28.75	4,050,000	2024-07-25	30%
Invesco India Arbitrage Fund	5,085,000	0.32	27.76	4,050,000	2024-07-25	25.56%
Nippon India Arbitrage Fund	4,050,000	0.2	22.11	4,050,000	2024-07-25	0%
DSP Dynamic Asset Allocation Fund	3,060,000	0.53	16.71	4,050,000	2024-07-25	-24.44%

GMR Airports Infrastructure Ltd ROCE Trend

GMR Airports Infrastructure Ltd EPS Trend

GMR Airports Infrastructure Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
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.)	0.68	0.19	-0.51	-4.11	-1.41
Book Value[Excl.RevalReserv]/Share (Rs.)	-1.44	1.61	3.18	2.18	0.35
Book Value[Incl.RevalReserv]/Share (Rs.)	-1.44	1.61	3.18	2.18	0.35
Revenue From Operations / Share (Rs.)	14.50	11.09	7.62	5.91	14.17
PBDIT / Share (Rs.)	5.66	3.84	4.08	2.02	5.46
PBIT / Share (Rs.)	3.23	2.12	2.60	0.55	3.70
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 (%)	39.04	34.65	53.49	34.17	38.51
PBIT Margin (%)	22.30	19.07	34.16	9.32	26.07
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 (%)	4.74	3.64	5.12	0.92	7.45
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 (%)	0.18	0.00	0.00	0.00	0.03
Current Ratio (X)	1.06	0.97	1.03	1.03	0.74
Quick Ratio (X)	1.05	0.96	1.02	1.02	0.73
Inventory Turnover Ratio (X)	0.71	0.00	0.00	0.00	3.42
Interest Coverage Ratio (X)	1.17	0.98	1.22	0.67	0.92
Interest Coverage Ratio (Post Tax) (X)	0.60	0.49	0.78	0.34	0.65
Enterprise Value (Cr.)	83018.60	54147.94	48408.37	43593.65	36186.92
EV / Net Operating Revenue (X)	9.48	8.09	10.52	12.22	4.23
EV / EBITDA (X)	24.29	23.35	19.67	35.77	10.98
MarketCap / Net Operating Revenue (X)	5.63	3.65	4.84	4.12	1.15
Price / BV (X)	-22.76	-30.86	-27.23	-8.55	-3.99
Price / Net Operating Revenue (X)	5.63	3.65	4.84	4.12	1.15
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: 91.53% compared to the current price 97.3

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: 88.65% compared to the current price 97.3

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

Strength	Weakness
The stock has a low average Working Capital Days of -239.83, which is a positive sign. The stock has a low average Cash Conversion Cycle of -236.67, which is a positive sign.	The stock has a low average ROCE of 3.25%, which may not be favorable. The company has higher borrowings (34,796.75) compared to reserves (1,510.08), which may suggest financial risk. 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 69,525 Cr..

What is the current Stock Price of GMR Airports Infrastructure Ltd as on 27 July 2024?

The current stock price of GMR Airports Infrastructure Ltd as on 27 July 2024 is 97.3.

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 101/49.2.

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.