infrastructure

GMR Airports

GMRAIRPORT · Nifty 50

₹109.32

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positioninfrastructure sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).

Fundamental Score85/100 (STRONG). 1 positive flags, 3 concerns.

Historical Context39 similar technical setups. Average outcome: -7.8% decline. 0% positive.

Fundamental

85/100

STRONG

Trust

95/100

Verification

Coverage

44/100

LIMITED

Quick Take

GMR Airports scores 85/100 on fundamentals (strong). GMR Airports: BROAD EXPANSION regime.

Fundamental Score: 85/100 · STRONG · 3 signals detected

DuPont Analysis

ROE -7.1% broken into three drivers. Each shows how efficiently the company generates returns.

ROE-7.1%=

1.2%Net Margin

0.3xTurnover

-22.1xLeverage

ROE of -7.11% is modest margin-driven and stable. Net margin of 1.2% × asset turnover of 0.27x × leverage of -22.1x.

What This Means

Net margin of 1.2% means the company keeps ₹1.2 as profit for every ₹100 of revenue. This is a low-margin business. Asset turnover of 0.27x means the company generates ₹0.27 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of -22.1x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

45.5%

Operating

30.0%

Net

1.2%

improving

Gross margin 45.5% → operating margin 30.0% → net margin 1.2%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Earnings Quality

STRONG

Cash flow covers net income 27.8x — earnings are HIGH QUALITY. The company converts profit to cash efficiently.

Debt Sustainability

STRETCHED

Interest covered only 1.2x — stretched. Rising rates could pressure profitability. Debt/EBITDA at 9.7x is high — monitor leverage.

Free Cash Flow

STRONG

FCF margin at 10.5% — strong cash generation. Business is self-funding.

Peer Comparison

GMR Airports is compared against 10 peers in the infrastructure sector.

ADANIPORTS AFCONS CONCOR DELHIVERY GESHIP IRCON KEC KPIL LT NBCC

Key Watchpoints

🟢

Breaks above ₹115 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹104 (-5%)

Further downside risk

🟢

Infrastructure sector entering leadership

Sector rotation signal

Detected Patterns

✅ Cash Flow Inflection: FCF turned positive after negative periods — major transition

➡️ Leverage Slowly Rising: Debt growing faster (13.3%) than equity (0.0%)

✅ High Earnings Quality: Cash flow covers earnings 27.8x — strong cash conversion

Risk Flags

🔴 2 Critical⚠️ 1 Warning✅ 1 Positive4 total flags

🔴Unusual items are 62% of net income

Earnings Quality

One-off items significantly inflating reported profit. Core earnings may be much lower.

🔴Cash covers only 5% of current liabilities

Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️Special charges present in income statement

Earnings Quality

Special charges of ₹108K Cr. May indicate restructuring, impairment, or one-time costs.

✅High promoter holding: 71%

Governance

Strong insider alignment. Promoters have significant skin in the game.

🔴 2 CRITICAL flags — significant concerns. Investigate before investing.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)

⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio

797.3UNAVAILABLE

P/B Ratio

-43.6HIGH

Market Cap

₹10944379.0L CrHIGH

From 52W High

99% of high

Sector Peers

← All Stocks Market GPS Daily Brief infrastructure Sector