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GMR Airports Limited (GMRINFRA) Fair Value & Analysis

Industrials · IN · Market cap ₹898B

GA GMR Airports Limited GMRINFRA · BSE
Price₹112.80
Fair Value₹22.29
Upside-80.2%
Quality42/100
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Evidence: Medium Range ₹8.79 – ₹35.78

Fair value as of: Jul 5, 2026

From 8 valuation models · updated today

Share price +14.2% over the past month.

Price vs Fair Value (12 months)

₹113.55 ₹83.19 Fair Value ₹22.29 Jun 2025 Jul 2026

12‑month range ₹83.19 – ₹113.55 · fair‑value band ₹8.79 – ₹35.78 · the ₹112.80 price screens above the ₹22.29 fair value. As of Jul 5, 2026.

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Analysis

GMR Airports Limited (GMRINFRA) currently trades at ₹112.80, while our model-based Fair Value estimate is ₹22.29 — implying the stock looks roughly 80.2% overvalued today. We read business quality at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, GMR Airports Limited generated revenue of ₹95.7B at a net margin of -9.0%. Revenue grew 20.9% year over year. Net debt stands at ₹335B. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹8.79 (bear case) to ₹35.78 (bull case); at ₹112.80, the current price sits above that range. The share trades about 2% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -23% fair-value upside — at -80%, GMRINFRA screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹95.7B
Revenue growth (YoY) +20.9%
Net margin -9.0%
Return on equity -1,671%
Free cash flow −₹6.4B FY2024
Operating margin 15.7%
More key figures
EPS (TTM) ₹-1.27
Net debt ₹335B FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

GMR Airports Limited operates and develops airports in India. It is also involved in operation of international airports on build, own, operate, and transfer basis. The company was formerly known as GMR Airports Infrastructure Limited and changed its name to GMR Airports Limited in September 2024. GMR Airports Limited was incorporated in 1996 and is based in New Delhi, India.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GMR Airports Limited reported revenue of ₹104B in FY2025 versus ₹35.7B in FY2021, a compound +30.7%/yr. Reported net income was −₹3.9B in FY2025.

Revenue +30.7%/yr
FY21 ₹35.7B
FY22 ₹46.0B
FY23 ₹66.9B
FY24 ₹87.5B
FY25 ₹104B
Net income
FY21 −₹28.0B
FY22 −₹10.2B
FY23 −₹1.8B
FY24 −₹5.6B
FY25 −₹3.9B

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Cite: Fair Value Calculator (2026). "GMR Airports Limited Fair Value". https://www.fairvalue-calculator.com/stock/GMRINFRA

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Frequently asked questions

Is GMR Airports Limited (GMRINFRA) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹22.29 versus a price of ₹112.80 — about −80% (overvalued). Model-based estimate, not financial advice.
What is the fair value of GMRINFRA?
Our model-based fair value for GMR Airports Limited is ₹22.29 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹112.80.
What is the quality score of GMRINFRA?
GMR Airports Limited has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of GMR Airports Limited (GMRINFRA)?
GMR Airports Limited reported trailing-twelve-month revenue of about ₹95.7B (latest available figure, as of Jul 5, 2026).
What is the net profit margin of GMRINFRA?
The net profit margin of GMR Airports Limited is about -9.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.