GMR Airports (GMRAIRPORT) Stock Overview
GMR Airports Limited development, maintenance, and operation of airports in India. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 3/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
GMRAIRPORT Community Fair Values
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Analyst Price Targets
GMR Airports Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹107.00 |
| 52 Week High | ₹115.64 |
| 52 Week Low | ₹84.11 |
| Beta | 0.57 |
| 1 Month Change | -5.69% |
| 3 Month Change | 6.30% |
| 1 Year Change | 17.08% |
| 3 Year Change | 104.59% |
| 5 Year Change | 282.83% |
| Change since IPO | 408.56% |
Recent News & Updates
Narrative Update • Jul 08
GMRAIRPORT: Stake Realignment And Board Decisions Will Shape Balanced Future Outlook
Analysts have lifted their price target for GMR Airports to ₹115 from ₹112.43, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E as the key drivers behind the revised valuation. What's in the News for GMR Airports A board meeting is scheduled for May 27, 2026, at 17:00 IST to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 (Source: Company board meeting notice).
Narrative Update • Jun 24
GMRAIRPORT: Promoter Stake Increase Will Support Future Upside Potential
The analyst price target for GMR Airports is maintained at ₹125.00. Analysts cite updated assumptions around a slightly higher discount rate, more moderate revenue growth, firmer profit margin expectations, and a higher future P/E as the key drivers behind the refreshed view.Narrative Update • Jun 09
GMRAIRPORT: Cargo Award And Stake Changes Will Shape Balanced Future Outlook
Analysts have trimmed their price target on GMR Airports to ₹112.43 from ₹113.83, reflecting updated assumptions around slightly lower revenue growth, a different discount rate, and a higher projected profit margin and future P/E multiple. What's in the News Board meeting scheduled on May 27, 2026, at 17:00 IST to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to appoint M/s.Narrative Update • May 26
GMRAIRPORT: Delhi Cargo Concession And Promoter Stake Increase Will Support Upside
Analysts have trimmed their price target on GMR Airports from ₹130.00 to ₹125.00, citing updated assumptions that combine a lower discount rate and P/E multiple with higher projected revenue growth but reduced profit margins. What's in the News A board meeting is scheduled on May 27, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 (company filing).Recent updates
Narrative Update • Jul 08
GMRAIRPORT: Stake Realignment And Board Decisions Will Shape Balanced Future Outlook
Analysts have lifted their price target for GMR Airports to ₹115 from ₹112.43, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E as the key drivers behind the revised valuation. What's in the News for GMR Airports A board meeting is scheduled for May 27, 2026, at 17:00 IST to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 (Source: Company board meeting notice).Narrative Update • Jun 24
GMRAIRPORT: Promoter Stake Increase Will Support Future Upside Potential
The analyst price target for GMR Airports is maintained at ₹125.00. Analysts cite updated assumptions around a slightly higher discount rate, more moderate revenue growth, firmer profit margin expectations, and a higher future P/E as the key drivers behind the refreshed view.Narrative Update • Jun 09
GMRAIRPORT: Cargo Award And Stake Changes Will Shape Balanced Future Outlook
Analysts have trimmed their price target on GMR Airports to ₹112.43 from ₹113.83, reflecting updated assumptions around slightly lower revenue growth, a different discount rate, and a higher projected profit margin and future P/E multiple. What's in the News Board meeting scheduled on May 27, 2026, at 17:00 IST to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to appoint M/s.Narrative Update • May 26
GMRAIRPORT: Delhi Cargo Concession And Promoter Stake Increase Will Support Upside
Analysts have trimmed their price target on GMR Airports from ₹130.00 to ₹125.00, citing updated assumptions that combine a lower discount rate and P/E multiple with higher projected revenue growth but reduced profit margins. What's in the News A board meeting is scheduled on May 27, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 (company filing).
Narrative Update • May 05
GMRAIRPORT: Cargo Award And Stake Rebalancing Will Shape A Steady Outlook
Analysts have kept the GMR Airports fair value estimate steady at ₹93.0, citing modest changes in the assumed discount rate, revenue growth, profit margin and future P/E as the main factors behind the unchanged price target. What's in the News An investment vehicle linked to the GMR Group founding family acquired an additional 3.40% stake in GMR Airports from Aeroports de Paris for approximately €260 million, with €256 million in cash consideration paid toward common equity (Key Developments).Narrative Update • Apr 21
GMRAIRPORT: Cargo Terminal Award Will Support Balanced Outlook And Measured Earnings Expectations
Analysts have kept the price target for GMR Airports steady at ₹93.0, citing small adjustments in the discount rate, revenue growth assumptions, profit margin estimates, and a slightly lower future P/E multiple. What's in the News GMR Airports received a Letter of Award from Delhi International Airport Limited to upgrade, modernize, finance, operate, manage and maintain Cargo Terminal 1 at Indira Gandhi International Airport, New Delhi, under the Delhi Cargo Terminal 1 Concession (company announcement).Narrative Update • Apr 07
GMRAIRPORT: New Delhi Cargo Award Will Support Future Upside Potential
Analysts have lifted their price target on GMR Airports from ₹128.00 to ₹130.00, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News GMR Airports received a Letter of Award from Delhi International Airport Limited to upgrade, modernize, finance, operate, manage and maintain Cargo Terminal 1 at Indira Gandhi International Airport in New Delhi on a revenue share model until up to 2036, with an estimated revenue share of ₹3,400 million in the first full year of operations (company announcement).Narrative Update • Mar 24
GMRAIRPORT: Cargo Terminal 1 Concession Will Support Upside Potential
Analysts have maintained their fair value target for GMR Airports at ₹113.83, with only marginal adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E contributing to this unchanged assessment. What's in the News GMR Airports received a Letter of Award from Delhi International Airport Limited to upgrade, modernize, finance, operate, manage and maintain Cargo Terminal 1 at Indira Gandhi International Airport in New Delhi under the Delhi Cargo Terminal 1 Concession (Key Developments).Narrative Update • Mar 09
GMRAIRPORT: Higher Margin Outlook Will Support Upside Despite Lower Revenue Assumptions
Analysts have nudged their fair value estimate for GMR Airports to around ₹114 from about ₹113, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that refine rather than radically change their earlier pricing framework. What's in the News Board meeting scheduled for Feb 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended Dec 31, 2025 (company filing) Special or extraordinary shareholders meeting set for Jan 16, 2026, via postal ballot in India (company filing) Valuation Changes Fair Value: Revised slightly higher to about ₹113.83 from around ₹112.67, representing a modest uplift in the estimate.Narrative Update • Feb 23
GMRAIRPORT: Revised Outlook Will Balance Lower Risk With Moderate Profit Expectations
Analysts have raised their fair value estimate for GMR Airports from ₹80.00 to ₹93.00, reflecting updated views on a lower discount rate, revised revenue growth assumptions, a higher profit margin outlook and an adjusted future P/E multiple. What's in the News Board meeting scheduled on Feb 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended Dec 31, 2025 (company filing).Narrative Update • Feb 08
GMRAIRPORT: Future Traffic Strength And Lower Risk Assumptions Will Support Upside
Analysts have trimmed their price target for GMR Airports to about ₹112.67, reflecting updated assumptions around the discount rate and future P/E. These adjustments keep their fair value view broadly unchanged while fine-tuning the risk profile and earnings multiple they are comfortable with.Narrative Update • Jan 25
GMRAIRPORT: Future Review Will Highlight Strong Traffic Trends And Upside Potential
Analysts have increased their implied fair value estimate for GMR Airports from ₹109.20 to ₹112.67, connecting this adjustment to updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple. What's in the News A special or extraordinary shareholders meeting is scheduled for January 16, 2026, via postal ballot in India, which could involve key approvals or corporate actions that may matter for you as a shareholder (company filing).Narrative Update • Jan 11
GMRAIRPORT: Future Traffic Momentum And Key Meetings Will Support Upside Potential
Analysts have raised their fair value estimate for GMR Airports from ₹108.00 to ₹128.00, citing updated assumptions for revenue growth, profit margins, a lower discount rate, and a revised future P/E multiple. What's in the News GMR Airports has scheduled a Special or Extraordinary Shareholders Meeting via postal ballot in India on January 16, 2026, which may involve key corporate decisions (Key Developments).Analysis Article • Jan 11
GMR Airports Limited (NSE:GMRAIRPORT) Shares Could Be 50% Below Their Intrinsic Value Estimate
Key Insights GMR Airports' estimated fair value is ₹198 based on 2 Stage Free Cash Flow to Equity GMR Airports is...Narrative Update • Dec 19
GMRAIRPORT: Upcoming Review Will Emphasize Fair Outlook Amid Steady Passenger Recovery
Analysts have nudged their price target on GMR Airports slightly higher to reflect modest improvements in the company’s discount rate and long term earnings outlook, valuing the stock at roughly ₹109.20 per share. What's in the News GMR Airports has scheduled a board meeting on November 13, 2025 to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with other matters (company filing) The company reported total passenger traffic excluding Cebu of 27.8 million for the second quarter ended September 30, 2025, indicating continued demand recovery (company announcement) For the first half of fiscal 2026, GMR Airports reported cumulative total passenger traffic excluding Cebu of 57.9 million, reflecting strong throughput across its portfolio (company announcement) A special or extraordinary shareholders meeting will be conducted via postal ballot in India on January 16, 2026, with details to be communicated to shareholders (company notice) Valuation Changes Fair Value: Unchanged at approximately ₹109.20 per share, indicating no revision in the stock’s assessed intrinsic value.Narrative Update • Dec 05
GMRAIRPORT: Upcoming Review Will Highlight Margins Amid Steady Passenger Traffic
Analysts have raised their price target for GMR Airports from ₹104.50 to ₹109.20, citing expectations of stronger profit margins and slightly lower future valuation multiples. What's in the News GMR Airports reported total passenger traffic, excluding Cebu, of 27.8 million for the second quarter ended September 30, 2025, highlighting sustained growth in air travel demand (company announcement).Narrative Update • Nov 20
GMRAIRPORT: Upcoming Board Review Will Address Margin Outlook And Rate Shifts
Analysts have raised their price target for GMR Airports from ₹98.75 to ₹104.50. They cited improved profit margin projections and a lower discount rate as key reasons for the upward revision.Analysis Article • Nov 04
Why Investors Shouldn't Be Surprised By GMR Airports Limited's (NSE:GMRAIRPORT) P/S
When close to half the companies in the Infrastructure industry in India have price-to-sales ratios (or "P/S") below...Analysis Article • Oct 14
GMR Airports (NSE:GMRAIRPORT) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Narrative Update • Aug 27
Airport Expansions At Hyderabad And Mopa Will Increase Future Passenger Traffic
Despite a slight downgrade in revenue growth expectations, an improved net profit margin has supported a modest increase in GMR Airports’ consensus analyst price target from ₹95.50 to ₹98.75. What's in the News Board approved formation of a wholly owned subsidiary SPV to undertake the Cargo City Project awarded by Delhi International Airport Limited.
New Narrative • Dec 01
Capitalize On Expanding International Traffic To Boost Revenue And Strengthen Financial Health
Increased international traffic and capacity expansions at Delhi and Hyderabad airports are expected to boost revenue and improve net margins.Shareholder Returns
| GMRAIRPORT | IN Infrastructure | IN Market | |
|---|---|---|---|
| 7D | -0.09% | -2.6% | 2.2% |
| 1Y | 17.1% | 21.6% | 3.7% |
Return vs Industry: GMRAIRPORT underperformed the Indian Infrastructure industry which returned 21.6% over the past year.
Return vs Market: GMRAIRPORT exceeded the Indian Market which returned 3.7% over the past year.
Price Volatility
| GMRAIRPORT volatility | |
|---|---|
| GMRAIRPORT Average Weekly Movement | 3.7% |
| Infrastructure Industry Average Movement | 4.8% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in IN Market | 9.0% |
| 10% least volatile stocks in IN Market | 3.7% |
Stable Share Price: GMRAIRPORT has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: GMRAIRPORT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 8,629 | Grandhi Kumar | www.gmraero.com |
GMR Airports Limited development, maintenance, and operation of airports in India. It is also involved in operation of international airports on build, own, operate, and transfer basis. In addition, the company engages in construction business, including engineering, procurement, and construction contracting activities; and provides security services, as well as engages in maintenance, repairing, and overhauling of aircrafts.
GMR Airports Limited Fundamentals Summary
| GMRAIRPORT fundamental statistics | |
|---|---|
| Market cap | ₹1.13t |
| Earnings (TTM) | ₹1.75b |
| Revenue (TTM) | ₹148.07b |
643.8x
P/E Ratio7.6x
P/S RatioIs GMRAIRPORT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GMRAIRPORT income statement (TTM) | |
|---|---|
| Revenue | ₹148.07b |
| Cost of Revenue | ₹62.40b |
| Gross Profit | ₹85.68b |
| Other Expenses | ₹83.92b |
| Earnings | ₹1.75b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.17 |
| Gross Margin | 57.86% |
| Net Profit Margin | 1.19% |
| Debt/Equity Ratio | -2,723.8% |
How did GMRAIRPORT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/05 02:32 |
| End of Day Share Price | 2026/08/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
GMR Airports Limited is covered by 33 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | 360 ONE Capital Market Private Limited |
| Sanjay Chawla | Anand Rathi Shares and Stock Brokers Limited |
| Vijaykumar Bupathy | Avendus Spark |