NSE: GMRAIRPORT | BSE: 532754

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90.35 -0.36 (-0.40%)

33.36% Gain from 52W Low

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GMR Airports Ltd. share price target and research reports

Name: Latest research reports of GMR Airports Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: GMR Airports Ltd.
Rating: 1
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for GMRAIRPORT, BSE:532754 GMR Airports Ltd.

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GMR Airports Ltd.

16 Aug 2024

90.35

-0.40%

A simplified corporate structure; tariff order for Delhi awaited

Sell: GMR Airports Ltd.

Recommendation Target

ICICI Securities Limited

GMR Airports Infrastructure’s (GMRI) deal with strategic investor has reached its conclusion with strategic investor now holding shares of the listed entity.

Number of FII/FPI investors increased from 574 to 630 in Jun 2025 qtr.

GMR Airports Ltd.

16 Aug 2023

90.35

-0.40%

India flying high again

Accumulate: GMR Airports Ltd.

Target

ICICI Securities Limited

Traffic at the GMR-managed Delhi and Hyderabad airports grew 18% and 24% YoY in Q1FY24. International traffic too grew sharply at the two airports – by 20%. Notably, traffic was up 14% and 12% compared to pre-covid levels.

Promoters unpledged 1.14% of shares in last quarter. Total pledge stands at 16.61% of promoter holdings

GMR Airports Ltd.

07 Jul 2023

90.35

-0.40%

Pieces of Jigsaw finally falling into place

Accumulate: GMR Airports Ltd.

Target

ICICI Securities Limited

Traffic on airports is back, corporate structure has been simplified, a strategic investor has checked in and new terminals are being commissioned – tell-tale signs of improving earnings trajectory and increasing investor interest in airports business.

Promoters unpledged 1.14% of shares in last quarter. Total pledge stands at 16.61% of promoter holdings

GMR Airports Ltd.

21 Oct 2021

90.35

-0.40%

Airports to drive value; initiate with a HOLD

Hold: GMR Airports Ltd.

ICICI Securities Limited

GMR Infrastructure (GMRI) is one of the largest Indian airport developers and operators, with a large portfolio of assets across the energy, transport and urban infra sectors. It operates two of India’s largest airports – Delhi and Hyderabad – which handled 25-28% of all-India passenger traffic in the past decade. The airline sector is witnessing speedy recovery from the covid impact.

Number of FII/FPI investors increased from 574 to 630 in Jun 2025 qtr.

GMR Airports Ltd.

14 Jan 2019

90.35

-0.40%

GMR Infrastructure

IPO Note: GMR Airports Ltd.

ICICI Securities Limited

We met the management of GMR Infrastructure (GMR). The key takeaways are: - i) there have been regulatory developments that lend us comfort that aero revenues should stabilise at current levels despite overcollection of | 5200 crore during the second regulatory period (2014-19); the developments are:- a) on the issue of returns on RSD of | 1471 crore used for funding aeronautical assets, TDSAT, the appellate tribunal has ruled positively, directing the regulator to award appropriate returns on the security deposits vs. zero returns given earlier, b) AERA proposed that DIAL can charge BAC even if it is higher than ARR, ii) GMR would be...

Promoters unpledged 1.14% of shares in last quarter. Total pledge stands at 16.61% of promoter holdings

GMR Airports Ltd.

24 Aug 2018

90.35

-0.40%

GMR Infrastructure Ltd Q1FY19 results Comment

Results Update: GMR Airports Ltd.

HDFC Securities

Revenue fell by 17.95% to Rs. 1648.04 Cr in Q1FY19 when compared to the previous quarter. GMR Infrastructure Ltd Q1FY19 results Comment

Promoters unpledged 1.14% of shares in last quarter. Total pledge stands at 16.61% of promoter holdings

GMR Airports Ltd.

19 Mar 2018

90.35

-0.40%

Initiating Coverage of GMR Infrastructure

Buy: GMR Airports Ltd.

IDBI Capital

The events are lined up: For GMRI, the sum of the parts has always been greater than whole. Well, if not always, at-least a major part since its listing. Currently, the cash-cows and crown-jewels are smothered by loss making entities. That may not be the case in future for sure. Three events are lined up for the biggest re-rating: First, listing of airports arm; second, divestitures of roads, if required at a discount; and third, monetization of land banksboth DIAL/GHIAL and Special Investment region; they all signal the right capital allocation. Further, the incremental cash will chase hybrid /price monitoring model of airports and projects with scope of heavy...

GMR Airports Ltd. is trading above all available SMAs

GMR Airports Ltd.

22 Feb 2018

90.35

-0.40%

GMR Infrastructure Ltd. - Result Update - 22 February 2018

Accumulate: GMR Airports Ltd.

Way2Wealth

GMR Infra has reported steady set of results in Q3FY18 vis-a-vis Q2FY18. Net revenues are up 15% QoQ to `1691cr and up 5% to `5102cr in 9MFY18. EBITDA is up 9% to ` 481cr in Q3 and down 20% to `1773cr in 9MFY18 reflecting the impact of fall in Delhi Airport tariff. Margin contracted 170 bps QoQ to 28.4% in Q3. Losses before minority interest/share in associates' loss have reduced from `233cr in Q2FY18 to `143cr in Q3FY18. Operational...

Promoters unpledged 1.14% of shares in last quarter. Total pledge stands at 16.61% of promoter holdings

GMR Airports Ltd.

04 Jan 2018

90.35

-0.40%

GMR Infrastructure Ltd. - Initiating Coverage - 04 January 2018

Accumulate: GMR Airports Ltd.

Way2Wealth

Focus on growing airport business Amidst all the challenges in power and road sector, GMR has grown its airport assets from two to five (3 operational, 2 under development) which demonstrates company's ability to grow a high margin and positive cash flow business. Airport assets accounted for 53% of the revenues and 82% of EBITDA. Passenger traffic has grown at a 5-year CAGR of 10% and 12% at its two marquee assets Delhi and Hyderabad respectively and combined they handle ~73 mn passengers p.a. With a healthy balance sheet, both the airports are self-sufficient in funding the next leg of expansion. Aided by expansion of airports and monetization of...

GMR Airports Ltd. is trading above all available SMAs

GMR Airports Ltd.

20 Jul 2017

90.35

-0.40%

GMR Infrastructure Ltd.

Buy: GMR Airports Ltd.

Choice India

GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones. The Company operates through the segments, including Airports, Power, Roads, EPC and Others. Its Airports segment is engaged in the development and operation of airports. Its Power segment is engaged in generation of power and provision of related services and...

Number of FII/FPI investors increased from 574 to 630 in Jun 2025 qtr.

Is GMR Infrastructure Ltd. worth buying?

573 Votes:

Buy 73.82%

Sell 15.53%

Hold 10.65%