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
GMR Airports Ltd shares are currently trading at ₹105.26.
Craytheon calculates intrinsic value using the P/E Ratio and EPS Growth models. Both appear in the Valuation Models cards below.
Valuation Models
GMR Airports Shareholding Pattern
An increase in promoter holding from 66.2% to 67.2% is a positive signal for the stock.
FII ownership stands at 21.7%, up from the 17.1% recorded a year ago.
As of June 2026, DIIs own 5.1% of the company — up from 4.8% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 67.2% | 21.7% | 5.1% | 6.0% |
| 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% |
Track quarterly shareholding changes for GMR Airports Ltd →
GMR Airports Balance Sheet
Proportional view as of 31 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.
Unlock Full Analysis
Get the complete view of GMR Airports Ltd on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.