A deep dive into GMR Airports Ltd (GMRAIRPORT) — examining the financials, valuation picture, and who owns the stock.
GMR Airports Revenue Trend
For FY2025, GMR Airports Ltd recorded revenue of ₹10,414 Cr. That's 19.0% higher than the ₹8,755 Cr it brought in during FY2024.
The 10-year revenue trajectory shows a 0.6% annual decline — not dramatic, but the shrinking top line is a concern.
A ₹10,414 Cr revenue base makes GMR Airports Ltd a major name in the Indian construction sector.
With 3 straight years of revenue growth, this isn't a blip — the trajectory is clear for GMR Airports Ltd.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹10,414 Cr | +19.0% |
| FY2024 | ₹8,755 Cr | +30.8% |
| FY2023 | ₹6,693 Cr | +77.4% |
| FY2022 | ₹3,772 Cr | -45.0% |
| FY2021 | ₹6,863 Cr | — |
View GMR Airports Ltd's full 10-year revenue trend with CAGR analysis →
GMR Airports Profitability
Diluted EPS came in at ₹-0.43 for FY2025, up from ₹-0.93 a year earlier.
Is GMR Airports Undervalued
Running the numbers through the P/E Ratio model gives a fair value of for GMR Airports Ltd.
GMR Airports Ltd shares are currently trading at ₹112.50.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
See all valuation models for GMR Airports Ltd with detailed assumptions →
GMR Airports Shareholding Pattern
The promoter group has maintained its 66.3% holding through the last 4 quarters.
FII ownership stands at 20.2%, up from the 15.7% recorded a year ago.
As of March 2026, DIIs own 4.9% of the company — up from 4.5% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 66.3% | 20.2% | 4.9% | 8.6% |
| Dec 2025 | 66.2% | 19.0% | 4.6% | 10.2% |
| Sep 2025 | 66.2% | 17.1% | 4.8% | 11.9% |
| Jun 2025 | 66.2% | 15.7% | 4.5% | 13.6% |
Track quarterly shareholding changes for GMR Airports Ltd →
GMR Airports Balance Sheet
Proportional view as of 10 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹487.59B, up 0.2% YoY from ₹486.83B.
Property, Plant & Equipment accounts for 62.7% of the total, ahead of Other Assets (24.1%) and Cash & ST Investments (6.6%).
Capital structure: 3.4% (deficit) equity, 73.0% debt, 23.6% operating liabilities. Over the year, debt is up 6.4% and equity is down 105.7%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 32.16B |
| Receivables | 5.31B |
| Inventories | 1.62B |
| Property, Plant & Equipment | 305.58B |
| Investments | 16.28B |
| Intangibles & Goodwill | 8.95B |
| Other Assets | 117.70B |
| Category | Value |
|---|---|
| Equity | -17.89B |
| Short-term Debt | 39.81B |
| Long-term Debt | 342.36B |
| Trade Payables | 10.05B |
| Other Liabilities | 113.22B |
GMR Airports Stock Analysis
To sum up GMR Airports Ltd's financial position: the data paints a clear picture for investors evaluating this construction stock.
Revenue of ₹10,414 Cr in FY2025, up 19.0% year-over-year.
Long-term revenue has been contracting at 0.6% annually over 10 years.
The company reported a net loss of ₹817 Cr in FY2025.
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Get the complete view of GMR Airports Ltd on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.