GMR Airports Ltd.

NSE: GMRAIRPORT · Services

₹98.75-0.55%06 Nov 2026

Ask the data

Instant answers about GMR Airports Ltd. — computed from its filings, no language model

Market cap₹1,05,277 cr

Current price₹98.75

High / Low₹115 / ₹85

P/E210.4

P/B—

Book value₹-2.3

ROE—

ROCE10.1%

Debt / equity—

Dividend yield0.09%

EPS (TTM)₹0.47

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	7,565	8,556	6,229	4,601	6,693	8,755	10,414	14,807
EBITDA	1,695	2,629	1,079	2,103	1,724	2,966	3,766	5,757
Operating margin	22.4%	30.7%	17.3%	45.7%	25.8%	33.9%	36.2%	38.9%
Interest	2,684	3,545	3,172	2,019	2,343	2,929	3,705	3,859
Depreciation	984	1,064	1,005	889	1,042	1,466	1,910	1,837
Profit before tax	-3,466	-1,995	-3,344	-835	-812	-861	-820	347
Tax	-87	-85	-262	-12	114	193	182	114
Net profit	-3,420	-2,202	0	-1,131	-179	-559	-393	175
EPS ₹	-5.98	-4.03	-4.63	-1.70	-0.30	-0.93	-0.43	0.17
Operating cash flow	—	—	—	3,256	2,299	3,880	3,443	4,884
Capex	—	—	—	3,138	3,921	4,525	4,129	3,329
Dividend paid	—	—	—	0	0	0	74	98
Total assets	40,154	46,527	49,960	37,110	44,111	48,683	48,757	54,764
Equity	-453	-2,459	-1,718	-818	-793	-2,164	-2,503	-2,480

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,747	1,810	1,958	1,983	1,992	2,018	2,196	2,349	1,134	1,199	1,481	2,321	1,776	2,056	1,364	1,284	1,588	1,766	1,895	2,018	2,064	2,227	2,447	2,402	2,495	2,653	2,863	3,205	3,670	3,994	3,938	3,964	4,095
Operating profit	436	440	412	309	599	643	732	655	-19	45	112	844	422	640	715	534	473	530	259	753	727	669	817	896	859	992	1,009	1,165	1,447	1,701	1,445	1,447	1,476
Operating margin	24.9%	24.3%	21.1%	15.6%	30.1%	31.9%	33.3%	27.9%	-1.7%	3.8%	7.6%	36.4%	23.8%	31.1%	52.4%	41.6%	29.8%	30.0%	13.7%	37.3%	35.2%	30.0%	33.4%	37.3%	34.4%	37.4%	35.2%	36.3%	39.4%	42.6%	36.7%	36.5%	36.0%
Other income	129	215	162	311	214	146	101	206	90	249	192	199	121	79	74	103	164	161	107	126	121	124	124	120	103	95	113	115	84	89	105	121	93
Interest	503	676	719	786	812	827	858	1,047	781	841	787	764	749	800	524	528	561	591	673	594	696	857	823	889	1,031	829	955	949	1,043	917	950	938	993
Depreciation	243	246	244	250	261	247	260	297	263	276	233	233	229	238	214	260	255	267	302	296	373	393	405	466	474	479	491	489	431	465	452	456	493
Profit before tax	-290	-267	-390	-2,628	-260	-285	-285	-1,166	-973	-822	-1,010	-539	-434	-107	51	-213	-180	125	-647	65	-252	-488	-187	-339	-435	187	-234	-112	92	225	141	174	83
Tax	-52	-34	3	-5	56	11	19	-170	-151	-40	-31	-40	-39	110	9	-42	30	22	36	97	55	22	19	38	43	44	57	72	68	72	-98	75	72
Net profit	-231	-219	-561	-2,475	0	0	-281	-1,127	0	-750	0	0	0	-169	-626	-129	208	191	-441	-30	-91	-317	-121	-142	-280	267	-238	-212	-37	122	302	91	-15
EPS ₹	-0.92	-0.43	-1.17	-3.92	-0.70	-0.90	-0.61	-1.82	-0.98	-0.87	-1.48	-1.30	-0.42	0.00	-1.04	-0.24	0.34	0.32	-0.73	-0.05	-0.15	-0.53	-0.20	-0.23	-0.29	0.25	-0.23	-0.20	-0.04	0.12	0.29	0.09	-0.01
Revenue YoY	—	—	—	—	14.0%	11.5%	12.2%	18.5%	-43.1%	-40.6%	-32.6%	-1.2%	56.6%	71.4%	-7.9%	-44.7%	-22.7%	29.5%	47.6%	—	29.9%	26.1%	29.1%	19.1%	20.9%	19.2%	17.0%	33.4%	47.1%	50.5%	37.5%	23.7%	11.6%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-143.8%	-265.9%	—	—	—	—	—	—	—	-54.3%	—	—	—

Earlier results (standalone, Sep '07 – Mar '18)

₹ crore · from BSE, before the NSE XBRL filings begin

GMR Airports Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	159	166	727	1,382	1,433	786	650	799	1,180	1,106
Operating profit	122	71	239	282	353	261	450	588	715	294
Operating margin	76.6%	42.8%	32.8%	20.4%	24.6%	33.2%	69.2%	73.6%	60.6%	26.6%
Other income	—	—	6	64	37	5	20	15	16	53
Interest	24	69	174	197	374	409	537	515	745	822
Depreciation	0	1	5	8	8	8	20	16	16	19
Profit before tax	104	14	66	141	82	188	-351	-1,504	-3,684	-1,931
Tax	6	0	7	21	29	22	2	15	0	0
Net profit	98	13	59	120	53	166	-353	-1,519	-3,684	-1,931

Quarters

showing latest 8 of 43 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†
Revenue	16	18	62	55	41	37	26	17	40	52	58	77	127	142	382	267	348	396	371	487	342	281	322	263	163	154	205	161	143	171	174	159	171	182	287	361	331	216	272	320	201	308	277
Operating profit	14	17	45	48	30	30	14	11	21	24	15	45	54	52	88	81	83	88	30	86	71	77	119	87	73	79	22	79	114	128	128	132	129	154	173	284	253	117	60	93	86	87	29
Operating margin	90.3%	94.1%	72.0%	86.2%	74.4%	80.7%	53.7%	64.8%	53.0%	46.6%	25.8%	58.8%	42.6%	36.4%	23.0%	30.2%	23.9%	22.2%	8.0%	17.6%	20.7%	27.4%	36.9%	33.1%	44.5%	51.3%	10.6%	49.0%	79.8%	75.0%	73.5%	82.6%	75.8%	84.5%	60.4%	78.7%	76.6%	54.0%	22.3%	28.9%	42.7%	28.1%	10.4%
Other income	1	6	2	0	—	2	3	0	4	—	8	1	1	2	1	1	30	33	0	29	0	8	0	2	1	1	1	7	6	0	6	0	11	4	-1	5	1	10	1	0	5	4	45
Interest	7	7	7	6	6	6	6	6	6	22	35	53	45	35	41	48	49	49	51	84	94	100	96	80	95	108	125	137	127	143	131	123	109	141	142	194	175	197	178	178	183	235	225
Depreciation	0	0	0	0	0	0	0	0	0	0	0	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	5	4	5	6	4	4	4	4	4	4	4	4	4	4	5	6
Profit before tax	9	16	40	42	24	26	11	5	19	2	-13	-7	9	18	46	32	63	69	-23	29	-25	-18	97	20	-24	-31	222	-57	-11	-19	-264	4	-1	-2	-1,504	-110	-678	-417	-2,479	-264	-276	-571	-820
Tax	0	0	3	0	0	4	2	2	7	0	-9	-0	0	1	6	7	4	-7	16	11	-2	-6	25	5	5	-0	12	3	7	-6	-2	0	0	0	15	13	22	-35	0	0	0	0	0
Net profit	9	16	37	42	24	22	9	4	11	2	-3	-7	9	17	40	24	58	76	-39	18	-23	-13	71	15	-29	-30	210	-59	-18	-13	-262	4	-1	-2	-1,519	-123	-700	-382	-2,479	-264	-276	-571	-820
EPS ₹	0.27	0.09	0.21	0.23	0.13	0.12	0.05	0.02	0.06	0.01	-0.01	-0.02	0.02	0.04	0.10	0.06	0.15	0.20	-0.10	0.05	-0.06	-0.03	0.18	0.04	-0.07	-0.08	0.54	-0.15	-0.04	-0.03	-0.60	0.01	—	—	-2.52	-0.20	-1.16	-0.63	-4.12	-0.44	-0.16	-0.95	-1.36
Revenue YoY	—	—	—	—	158.5%	108.5%	-58.7%	-68.5%	-2.8%	38.3%	124.7%	338.7%	221.0%	174.4%	563.6%	247.9%	174.1%	178.7%	-2.8%	82.6%	-1.7%	-29.0%	-13.1%	-45.9%	-52.3%	-45.2%	-36.2%	-38.8%	-12.5%	11.0%	-15.0%	-1.1%	19.4%	6.3%	64.6%	126.8%	93.6%	18.9%	-5.4%	-11.4%	-39.2%	42.6%	1.9%
Profit YoY	—	—	—	—	170.9%	42.0%	-75.1%	-91.5%	-53.7%	-91.7%	-133.6%	-295.5%	-19.8%	829.9%	—	—	550.6%	344.1%	-196.9%	-26.5%	-140.2%	-116.5%	—	-15.3%	—	—	193.7%	-488.2%	—	—	-225.1%	—	—	—	—	-3263.5%	—	—	—	—	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROCE	-3.8%	-2.3%	-1.8%	-0.7%	6.0%	3.1%	1.1%	-2.0%	-0.5%	1.0%	2.9%	5.2%	7.4%	5.7%	6.1%	5.0%	6.4%	6.0%	6.4%	8.3%	8.2%	9.0%	9.7%	10.0%	10.6%	11.3%	10.1%
Net margin	-46.5%	-42.0%	-38.2%	-33.6%	-16.5%	-18.3%	-31.4%	-30.5%	-12.2%	-11.1%	-2.2%	-10.6%	-14.3%	-1.0%	-4.8%	-10.7%	-6.4%	-7.3%	-9.0%	-2.8%	-3.8%	-4.1%	-1.8%	-2.7%	1.2%	3.1%	3.1%
EBITDA margin	21.3%	22.7%	24.7%	27.9%	30.7%	26.1%	20.5%	12.9%	16.0%	21.0%	26.4%	34.9%	35.7%	27.7%	29.3%	29.3%	33.9%	34.0%	33.9%	35.6%	36.1%	35.9%	37.2%	38.8%	38.9%	38.8%	37.9%
Interest coverage	-0.33	-0.18	-0.13	-0.05	0.44	0.23	0.08	-0.15	-0.05	0.11	0.33	0.64	0.73	0.74	0.72	0.53	0.71	0.61	0.60	0.78	0.78	0.84	0.98	0.99	1.09	1.16	1.16
Asset turnover	0.19	0.19	0.20	0.20	0.18	0.17	0.15	0.13	0.12	0.14	0.15	0.15	0.17	0.16	0.17	0.18	0.18	0.19	0.20	0.21	0.21	0.23	0.24	0.26	0.27	0.28	0.26

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	1,526	1,573	604	604	604	604	604	604	604	604	604	604	604	1,056	1,056	1,056	1,056	1,066
Other equity / reserves	4,087	2,682	4,387	4,739	3,215	-1,057	-3,062	-2,322	-1,421	-1,745	-1,396	-1,606	-2,768	-2,755	-3,559	-3,789	-3,536	-3,548
Total equity	5,612	4,255	4,991	5,342	3,818	-453	-2,459	-1,718	-818	-1,142	-793	-1,002	-2,164	-1,699	-2,503	-2,734	-2,480	-2,482
Borrowings	39,187	42,250	34,239	19,577	21,095	24,029	28,153	36,742	26,516	29,916	32,157	31,256	35,285	35,282	37,634	40,913	42,196	46,288
Current liabilities	—	—	17,122	7,672	9,043	14,245	16,411	14,126	6,431	5,220	9,079	9,594	6,406	5,933	8,860	9,206	12,708	13,101
Non-current liabilities	—	—	35,804	22,396	23,599	24,667	29,900	34,516	28,762	33,534	34,064	34,260	41,991	42,055	41,686	44,748	43,605	48,897
Total assets	65,142	66,813	59,177	37,124	38,287	40,154	46,527	49,960	37,110	39,512	44,111	44,408	48,683	48,422	48,757	52,090	54,764	60,572
Property, plant & equipment	24,339	23,761	27,055	10,140	9,422	9,614	9,380	9,021	9,401	10,446	14,319	19,984	27,236	26,773	26,756	26,598	26,876	31,192
Capital work-in-progress	14,909	16,839	1,494	239	588	857	3,809	6,616	10,163	10,860	11,173	6,669	1,670	2,865	3,802	4,589	5,433	1,947
Investments	880	1,413	1,782	2,974	4,039	2,350	2,959	2,863	1,687	4,088	4,478	5,515	4,425	4,734	4,288	4,912	5,959	6,811
Inventories	359	305	224	129	104	113	191	175	92	140	135	138	130	145	162	545	540	616
Receivables	1,772	1,721	1,574	1,779	1,851	1,557	1,534	1,293	376	361	369	412	482	454	531	692	596	645
Cash & equivalents	3,321	3,904	1,193	1,459	1,647	919	2,859	4,300	1,619	2,031	3,278	742	1,795	389	556	444	610	4,100

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	2,590	2,915	3,498	4,504	2,347	2,052	1,376	3	3,256	2,299	3,880	3,443	4,884
Cash from investing	-5,422	-3,164	-1,668	1,793	-1,014	-3,605	-990	2,433	-1,897	-2,422	-5,788	-3,673	-3,577
Cash from financing	634	448	-2,018	-5,727	-1,191	816	1,617	-1,056	-4,041	1,731	467	-1,010	-1,238
Capex	5,603	3,805	2,437	620	715	2,847	2,912	1,646	3,138	3,921	4,525	4,129	3,329
Free cash flow	-3,013	-890	1,061	3,884	1,632	-795	-1,536	-1,642	118	-1,622	-644	-686	1,555
Dividends paid	56	60	3	1	193	60	50	—	0	0	0	74	98

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹31,192 cr51%

CWIP

₹1,947 cr3%

Investments

₹6,811 cr11%

Inventories

₹616 cr1%

Receivables

₹645 cr1%

Cash & equivalents

₹4,100 cr7%

Other assets

₹15,260 cr25%

Peer comparison

largest in Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Ports and Special Economic Zone Ltd.	4,46,183	1,936.60	38.7	4.36	11.3%
InterGlobe Aviation Ltd.	2,11,757	5,476.00	—	42.39	-82.1%
GMR Airports Ltd.	1,05,277	98.75	210.4	—	—
JSW Infrastructure Ltd.	78,694	338.30	54.6	4.37	8.0%
Container Corporation of India Ltd.	33,496	439.80	27.5	2.51	9.1%
Delhivery Ltd.	32,070	428.00	171.2	3.27	1.9%
Redington Ltd.	25,602	327.50	13.8	2.38	17.2%
Firstsource Solutions Ltd.	20,467	293.65	28.3	4.20	14.8%
Great Eastern Shipping Co. Ltd.	20,398	1,428.70	5.4	1.20	22.1%
International Gemological Institute Ltd.	17,606	407.40	34.1	10.05	29.5%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+8.3%

6 months-1.9%

1 year+6.2%

3Y CAGR+20.5%

5Y CAGR+21.1%

10Y CAGR+24.1%

50-day avg₹93.63

200-day avg₹98.48

RSI (14)69

Compare GMR Airports Ltd. with

Adani Ports and Special Economic Zone vs GMR Airports InterGlobe Aviation vs GMR Airports GMR Airports vs JSW Infrastructure GMR Airports vs Container Corporation of India GMR Airports vs Delhivery

FAQs

What is the share price of GMR Airports Ltd.?

GMR Airports Ltd. (GMRAIRPORT) closed at ₹98.75 on NSE on 06 Nov 2026.

What is the market cap of GMR Airports Ltd.?

₹1,05,277 crore at the latest close.

What is the P/E ratio of GMR Airports Ltd.?

210.4, on trailing-twelve-month earnings from its filings.

How fast is GMR Airports Ltd. growing?

GMR Airports Ltd.: revenue has compounded at 30.3% a year over three years. Latest-quarter revenue is up 11.6% year on year.

How profitable is GMR Airports Ltd.?

On a trailing-twelve-month basis return on capital employed 10.1%, operating margin 37.9%, net margin 3.1%.

How much debt does GMR Airports Ltd. have?

Debt to equity isn't meaningful for GMR Airports Ltd. (banks borrow as part of their business) or isn't filed yet.

Financials parsed from GMR Airports Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '18, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.