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GMR Airports Ltd (GMRAIRPORT) AI Stock Analysis
GMR Airports Ltd
(NSE:GMRAIRPORT)
The score is held back primarily by balance sheet fragility (very high debt and negative equity) and weak cash conversion (mostly negative free cash flow), despite strong revenue growth and solid operating margins. Technicals are also bearish with the stock below major moving averages and negative MACD, while valuation is difficult to support due to a negative P/E and no dividend yield data.
GMR Airports Ltd (GMRAIRPORT) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 926.65B
- Dividend Yield
- ―
- Average Volume (3M)
- 1.57M
- Price to Earnings (P/E)
- 180.3
- Beta (1Y)
- 1.13
- Revenue Growth
- 29.05%
- EPS Growth
- ―
- Country
- India
- Employees
- 12,287
- Sector
- General
- Sector Strength
- 55
- Industry
- Airlines, Airports & Air Services
GMR Airports Ltd Business Overview & Revenue Model
Company Description
GMR Airports Infrastructure Limited focuses on developing and managing airport facilities across India. The company also extends its operations to international airports, employing a build, own, operate, and transfer (BOOT) framework. Originally name...
GMR Airports Ltd Financial Statement Overview
Summary
Operating performance has improved materially (strong revenue rebound and solid operating margins), but the overall financial profile is constrained by very high debt and persistently negative equity, alongside volatile cash generation and mostly negative free cash flow. Net profitability is also thin despite turning positive most recently.
Income Statement
72PositiveBalance Sheet
18Very NegativeCash Flow
34Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 159.92B | 148.07B | 104.14B | 85.95B | 65.57B | 45.09B |
| Gross Profit | 72.90B | 67.31B | 39.69B | 25.02B | 17.89B | 19.90B |
| EBITDA | 61.21B | 62.81B | 49.80B | 35.33B | 26.15B | 22.11B |
| Net Income | 5.00B | 1.75B | -3.93B | -5.59B | -1.79B | -10.23B |
Balance Sheet | ||||||
| Total Assets | 605.72B | 547.64B | 487.57B | 486.83B | 441.11B | 371.10B |
| Cash, Cash Equivalents and Short-Term Investments | 93.28B | 52.84B | 47.50B | 56.13B | 65.33B | 47.50B |
| Total Debt | 474.08B | 432.83B | 382.18B | 359.05B | 321.57B | 266.33B |
| Total Liabilities | 619.98B | 563.13B | 505.46B | 495.53B | 431.43B | 351.92B |
| Stockholders Equity | -24.82B | -24.80B | -25.03B | -21.64B | -7.93B | -8.18B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -11.37B | -6.86B | -6.44B | -16.22B | 1.18B |
| Operating Cash Flow | 0 | 21.92B | 34.43B | 38.80B | 22.99B | 32.56B |
| Investing Cash Flow | 0 | -47.52B | -36.73B | -57.88B | -24.22B | -18.97B |
| Financing Cash Flow | 0 | 26.29B | -10.10B | 4.67B | 17.31B | -38.94B |
GMR Airports Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GMRAIRPORT, the sentiment is Negative. The current price of 86.96 is below the 20-day moving average (MA) of 89.81, below the 50-day MA of 94.16, and below the 200-day MA of 98.63, indicating a bearish trend. The MACD of -2.03 indicates Negative momentum. The RSI at 37.35 is Neutral, neither overbought nor oversold. The STOCH value of 55.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GMRAIRPORT.
GMR Airports Ltd Peers Comparison
Overall Rating
IN:ASPINWALL63Neutral
IN:INDIGO49Neutral- IN:GMRAIRPORT48Neutral
IN:SPICEJET23Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:ASPINWALL | 63Neutral | INR 1.78B | 11.31 | ― | 2.86% | 28.38% | 107.25% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:INDIGO | 49Neutral | INR 1.88T | -45.96 | ― | 0.21% | 12.66% | -180.22% |
| IN:GMRAIRPORT | 48Neutral | INR 927.08B | 180.26 | ― | ― | 29.05% | ― |
| IN:SPICEJET | 23Underperform | INR 11.43B | 32.78 | ― | ― | -14.50% | -239.75% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:GMRAIRPORT | GMR Airports Ltd | 86.96 | -6.39 | -6.85% | |
| IN:ASPINWALL | Aspinwall and Company Limited | 227.50 | -37.40 | -14.12% | |
| IN:DESTINY | Destiny Logistics & Infra Limited | 90.90 | -35.95 | -28.34% | |
| IN:INDIGO | InterGlobe Aviation Ltd | 4870.00 | -825.20 | -14.49% | |
| IN:JETAIRWAYS | Jet Airways (India) Limited | 34.04 | 0.00 | 0.00% | |
| IN:SPICEJET | SpiceJet Limited | 7.49 | -29.36 | -79.67% |
GMR Airports Ltd Corporate Events
GMR Airports posts resilient Q2 results, deepens non-aero push and secures rating upgrades
GMR Airports Limited reported resilient financial performance for the quarter ended September 30, 2026, with total income rising 12% year-on-year to INR 4,188 crore, EBITDA up 2% to INR 1,569 crore and a fifth consecutive quarter of positive profit a...
GMR Airports Board Clears Q2 FY27 Results and Appoints Deputy CEO
GMR Airports Limited, formerly GMR Airports Infrastructure Limited, operates in the aviation infrastructure sector, focusing on the development and management of airport assets. The company is listed on the National Stock Exchange of India under the...
GMR Airports Revamps Board, Appoints Sanjeev Gupta as Deputy CEO
GMR Airports Limited has reshaped its board leadership, appointing Sanjeev Gupta as an Additional Director in the category of Executive Director and designating him Deputy CEO effective October 29, 2026. His three-year term, recommended by the Nomina...
GMR Airports Appoints Sanjeev Gupta as Executive Director and Deputy CEO
GMR Airports Ltd has announced a leadership change, appointing Mr. Sanjeev Gupta as Executive Director and Deputy CEO effective October 29, 2026, for a three-year term, subject to shareholder and other requisite approvals. Gupta, a graduate of HEC wi...
GMR Airports unveils Q2 FY27 unaudited results in investor presentation
GMR Airports Limited operates in the aviation infrastructure sector, developing and managing airports and related facilities in India and abroad. The company focuses on airport operations, aeronautical and non-aeronautical services, and allied infras...
GMR Airports Posts Monthly Airport Traffic Data for September 2026
GMR Airports Limited has released its monthly traffic data for September 2026, in line with disclosure requirements for its listed equity and debt securities. The data, made available on the company’s website, provides stakeholders with up-to-d...
GMR Airports Sets Up Real Estate Subsidiary to Monetise Land Assets
GMR Airports Ltd has incorporated a new wholly owned subsidiary, GMR Aero Realty Ltd, in India to pursue real estate and land development opportunities linked to its airport ecosystem. The subsidiary was formed on October 13, 2026, with an initial pa...
GMR Airports’ Deputy CEO Resigns as Co-Promoter Reshapes Leadership
GMR Airports Limited has announced that Alexis Benjamin Riols has resigned from his roles as Executive Director and Deputy CEO, effective October 8, 2026, following Group ADP’s decision to withdraw his nomination due to its internal organizatio...
GMR Airports Closes Trading Window Ahead of September Quarter Results
GMR Airports Limited has announced the closure of its trading window for designated persons and their immediate relatives in line with SEBI’s Prohibition of Insider Trading Regulations and its internal codes of conduct. The window will be shut...
GMR subsidiary wins long-term F&B concession at Delhi Airport Terminal 3
GMR Hospitality Ltd, an Indian subsidiary of GMR Airports Ltd, has been selected to design, finance, develop, operate, and manage food and beverage outlets at Terminal 3 of Indira Gandhi International Airport in New Delhi. The license runs initially...
Tribunal Backs GMR’s Delhi Airport Unit in Tariff Dispute With Regulator
Delhi International Airport Limited, a subsidiary of GMR Airports Limited, had challenged the Airports Economic Regulatory Authority of India’s tariff order for the fourth control period for Indira Gandhi International Airport covering 2024 to...
GMR Airports Raises ₹1,500 Crore via Lower-Cost Bond Refinancing
GMR Airports Limited has raised INR 1,500 crore through a private placement of 150,000 listed, unsecured, rated, redeemable non-convertible bonds, each with a face value of INR 1 lakh. The new INR-denominated bonds carry an effective interest rate of...
GMR Airports to Engage Institutional Investors at Jefferies India Forum
GMR Airports Limited has informed the stock exchanges that it will participate in the Jefferies India Forum in Gurugram, Haryana, with one-on-one and group meetings scheduled with several institutional investors on September 17 and 18, 2026. The comp...
GMR Airports Urges Investors to Use SEBI Window to Demat Old Physical Shares
GMR Airports Ltd has informed stock exchanges that, in line with a Securities and Exchange Board of India directive, a special one‑year window is open from February 5, 2026 to February 4, 2027 for the transfer and dematerialisation of physical...
GMR Airports to Engage Institutional Investors at Elara India Dialogue 2026
GMR Airports Limited has informed stock exchanges that it will participate in the Ashwamedh – Elara India Dialogue 2026 conference in Mumbai on September 1, 2026, where it plans one-on-one and group meetings with multiple institutional investor...
GMR Airports to Acquire Strategic Stake in Goa Airport Advertising Venture
GMR Airports Limited has agreed to subscribe up to 49% of the equity in TIM Goa Airport Advertising Private Limited, for a total consideration of about INR 16.59 crore through a mix of equity, loans, or convertible instruments. TIM Goa Airport Advert...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 29, 2026