GMR Airports & Infra Ltd.
GMR Infrastructure is mainly engaged in development, maintenance and operation of airports, generation of power, coal mining and exploration activities, development of highways, development, maintenance and operation of special economic zones, and construction business including Engineering, Procurement and Construction (EPC) contracting activities.
Services
Co. provides various services including Security solutions, Consultancy services, and several Airport services
Elevated Debt Co’s debt stood at 36,500 Crs which is 4x of the FY21 sales of the company and due to the high interest cost the company is reporting Net loss since 2015.
Leading Infrastructure Company
The company and its subsidiaries, associates, joint ventures, and jointly controlled operations are mainly engaged in the development, maintenance, and operation of airports, generation of power, coal mining and exploration activities, development of highways, development, maintenance and operation of special economic zones, and construction business including Engineering, Procurement and Construction (‘EPC’) contracting activities.
Shareholding Pattern
- Promoters
- Public
Financial Summary
| Particulars | March 2023 | March 2022 | March 2021 |
| Sales | 3,566 | 4,601 | 6,693 |
| Sales Growth % | -57.52% | 29.02% | 45.49% |
| Operating Profit | 905 | 2,106 | 1,745 |
| OPM % | 25% | 46% | 26% |
| Profit before tax | -3,714 | -1,144 | -726 |
| YOY Growth | 7% | 7% | – |
| EPS in Rs | -4.63 | -1.70 | -0.30 |
Synopsis of Financials
- Sales has increased due to increase in sale of trade goods.
- Moreover, Revnue has increased from intreset on bank depoists.
- Majorly Profit of the company sale of material and services.
Final Outlook
Debtor days have improved from 55.7 to 20.1 days. Standalone results have shown improvement but consolidated results have delivered a declined results. The co. swings to loss on increase in finance cost. Company has low interest coverage ratio. The company has delivered a poor sales growth of -4.79% over past five years. The relative valuation ratios are not satisfactory with a P/E ratio Nil attributable to loss in current FY, -ve book value and loss in last quarter. So, the overall fundamental analysis of the company is good.
GMR-Airports-Infrastructre-Limited