GMR Airports Share Price

GMR Airports (GIL) is a global airport platform company, engaged in designing, constructing, and operating sustainable airports. Under the GMR AERO brand, it provides aviation solutions in retail, aero services, and real estate. With a presence in India and Southeast Asia, it operates major airports, including Delhi, Hyderabad, Goa, Bidar, and Medan, while providing technical services to Mactan Cebu International Airport in the Philippines.The share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

GMR Airports stock price isinfluenced by many factors, such as the growth in passenger traffic, aeronautical tariffs regulated by the Airports Economic Regulatory Authority (AERA), revenue from retail and real estate segments, fuel costs, and foreign exchange fluctuations. In the long term, strategies such as capacity expansion, debt management, and non-aeronautical income growth affect market sentiments for the stock. All these factors need to be monitored͏very closely to have an idea about GMR Airports stock price movements.

GMR Airportslive share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of GMR Airports live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the GMR Airports share͏ price today helps investors understandreal-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identifypossible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

GMR Airports Limited Company Fundamentals

GMR Airports Limited Company Background

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, operates under the brand “GMR AERO” and functions as a global airport platform with more than two decades of experience in airport development, operations, and management. The company is one of the largest private airport operators in Asia and has a significant international presence. During FY25, airports operated and managed by GMR Airports Limited handled passenger traffic exceeding one hundred million, with major assets located in Delhi, Hyderabad, Goa, and Medan.The company holds a distinct position as the only Indian airport developer to have developed and operated airports outside India. Its international portfolio includes operational responsibilities at Kualanamu International Airport in Indonesia and the provision of technical services to Mactan Cebu International Airport in the Philippines. In Europe, the group has been selected to develop, operate, and manage the new Kastelli Airport in Crete, Greece.A strategic partnership with Groupe ADP supports the company’s focus on sustainability, operational efficiency, and passenger experience. GMR Airports Limited’s business model extends beyond core aeronautical services to include retail, food and beverage, cargo, parking, operations and maintenance, project management consultancy, and airport city development. Digital initiatives through GMR Innovex support service optimisation, while industry rankings from ACI and Skytrax reflect performance across its airport network.

GMR Airports Limited Company Product Lines

• Airport design, development, and operations – Creation and management of sustainable airport infrastructure.
• Duty-Free Retail Operations – Duty-free shopping outlets at major airports including Delhi and Hyderabad.
• Retail Outlets – Airport shopping spaces offering multiple global and domestic brands.
• Food & Beverage (F&B) Services – Airport food and dining experiences via GMR Hospitality.
• Cargo Handling & Logistics Services – Integrated cargo operations and logistics solutions at key airports.
• Car Parking Services – Airport car park management and operations.
• Operations & Maintenance (O&M) Services – O&M services for airport facilities and infrastructure.
• Project Management Consultancy (PMC) – Consultative services for airport projects and infrastructure.
• Airport City & Real Estate Development – Development of Aerotropolis and airport-adjacent commercial zones.
• Digital Passenger Experience Solutions – Digital tools and platforms to enhance passenger services (via GMR Innovex).
• Aviation Training and Consultancy – Training programmes and aviation consultancy through GMR Aero Academy.
• Maintenance, Repair, and Overhaul (MRO) Services – Third-party aircraft maintenance services provided through GMR Aero Technic.

GMR Airport Company Revenue Model

• Aeronautical Revenue – Income from regulated airport charges such as landing fees, parking fees, passenger service fees, and other aeronautical levies charged to airlines and passengers for use of airport infrastructure. This is considered a core utility-style income stream for airport operators.
• Non-Aeronautical Revenue (Commercial Income) – Revenue from commercial services within the airport terminals, including passengers’ discretionary spending areas.
• Retail and Duty-Free Sales – Income from retail outlets and duty-free shops operating under licences or direct operations.
• Food & Beverage (F&B) – Earnings from restaurants, cafes, lounges, and food service contracts.
• Advertising – Space rental income from airport advertising displays and marketing placements.
• Car Parking Fees – Charges collected from passengers and visitors for airport car park usage.
• Space Rentals & Leases – Income from leasing commercial space to brands and service providers within airport property.
• Cargo Services Revenue – Income from cargo handling and logistics services provided at airport cargo terminals.
• Ground Services & Ancillary Fees – Earnings from services such as lounges, ground handling, boarding bridges, and facility usage fees.
• Airport City and Real Estate – Revenue generated through development of airport-adjacent real estate (hotel developments, commercial zones, logistic parks, etc.) and leasing of such assets. This is increasingly part of airport operators’ adjacency strategies

GMR Airports Geographic Presence

National Presence (India)

• Delhi International Airport, India – Operated by a GMR Airports-led consortium.
• Hyderabad International Airport, India – Operated airport in Telangana.
• Goa International Airport (Manohar International), India – Operated airport at Mopa, Goa.
• Bidar Airport, India – Operating asset in Karnataka.
• Nagpur International Airport, India – Presence through GMR airport entity.
• Visakhapatnam (Bhogapuram) International Airport, India – Under construction greenfield airport project.

International Presence

• Kualanamu International Airport, Medan, Indonesia – Operational airport asset.
• Technical Services to Mactan-Cebu International Airport, Philippines – Technical service provider role.
• Crete International Airport, Greece – Greenfield project under development.

GMR Airports Leadership 

Some of the key leaders of GMR Airports as of January 2026 are

• Saurabh Chawla – Chief Financial Officer
• Tangirala Venkat Ramana – Company Secretary & Compliance Officer
• Deepak C. S. – Company Secretary & Compliance Officer
• Kiran Kumar Grandhi – Executive Director, Managing Director & Chief Executive Officer
• G. Subbarao – Executive
• Gadi Radha Krishna Babu – Executive
• Kiran Kumar Grandhi – Executive Director / Managing Director / CEO / Promoter
• Prabhakara Rao Indana – Executive Director / Deputy Managing Director
• Alexis Benjamin Riols – Executive Director
• Srinivas Bommidala – Non-Executive Director
• Subbarao Amarthaluru – Independent Non-Executive Director
• Sadhu Ram Bansal – Independent Non-Executive Director

GMR Airport Key Milestones

• 1996: Incorporated as Varalakshmi Vasavi Power Projects Limited in Andhra Pradesh (23 May).
• 1999 – 2000: Renamed to GMR Vasavi Infrastructure Finance Limited (1999) and later GMR Infrastructure Limited (2000).
• 1996 – 2003: Entered power generation with Chennai, Mangalore, and Vemagiri power plants; commenced commercial operations.
• 2001 – 2003: Forayed into highways and airport infrastructure; selected as developer for Hyderabad International Airport (2003).
• 2004: Signed concession agreement for Hyderabad International Airport; registered office shifted to Karnataka.
• 2006: Received LOA for Delhi International Airport; entered multiple road projects; IPO and listing on BSE and NSE.
• 2008 – 2010: Expanded overseas; commissioned airport infrastructure at Delhi IGIA; entered solar power and international airport operations.
• 2011 – 2013: Commissioned large thermal and solar power projects; achieved significant growth in energy and highways portfolio.
• 2014 – 2017: Expanded global airport footprint with Mactan Cebu (Philippines) and Crete (Greece); won Mopa Airport, Goa.
• 2020: Strategic partnership with Groupe ADP; disinvestment of 49% stake in GMR Airports Limited.
• 2022: Non-airport businesses demerged; became India’s first listed pure-play airport company; renamed GMR Airports Infrastructure Limited.
• 2023: Mopa Goa Airport commenced operations; continued major airport expansions.
• 2024: Renamed to GMR Airports Limited; new Terminal 1 operations increased passenger capacity significantly.
• 2025: Entered duty-free operations at Delhi Airport; strengthened digital and IT capabilities through WAISL stake.

Industry Perspective

The airport infrastructure and aviation industry, in which GMR Airports Limited operates, is a key component of global transport and logistics networks and a major driver of economic growth. In India, the aviation market is one of the world’s fastest-growing, ranked among the top three by passenger volume and expected to handle hundreds of millions of passengers annually in the coming years, supported by rising incomes, expanding connectivity, and infrastructure investments. Passenger traffic at Indian airports is projected to grow at a compound annual growth rate (CAGR) of around 7 % over 2024–27, reflecting sustained demand for air travel and capacity expansion. Other analyses suggest an even stronger medium-term outlook, with air passenger traffic potentially rising at approximately 9 % CAGR through FY27, driven by capacity additions and increasing international travel. Globally, the airport infrastructure market is forecast to expand steadily, with estimates indicating growth at around 4-5 % CAGR through 2032 as airports modernise and adopt new technologies to handle rising traffic and enhance efficiency. In India specifically, aircraft movements and freight traffic have shown multi-year growth trends, while airport operators are adding capacity and services to support both domestic and international travel demands

GMR Airports is likely to benefit from sustained growth in domestic and international air travel, rising passenger volumes, and long-term concession-based airport operations. Expansion of airport capacity, higher non-aeronautical revenue from retail and services, and digitalisation initiatives can improve yields. Its global partnerships, diversified geographic footprint, and focus on sustainability support operational efficiency, resilience, and stable long-term cash flow generation.

GMR Airports Infrastructure Limited Stock Market Presence: Listings & Index Representation

GMR Airports Infrastructure Limited was listed on the BSE (Bombay Stock Exchange) on December 19, 2006, and on the NSE (National Stock Exchange) on February 12, 2007. The company is a well-established entity in the Indian stock market, listed on major exchanges under the symbol GMRAIRPORT on the NSE and the scrip code 532754 on the BSE. Its inclusion in prominent indices like the Nifty 500, Nifty 200, Nifty LargeMidcap 250, Nifty Midcap 150, Nifty Midcap 100, Nifty India Infrastructure & Logistics, S&P BSE 400 MidSmallCap Index, S&P BSE 250 LargeMidCap Index, Nifty500 Multicap Infrastructure 50:30:20 Index, Nifty MidSmallcap 400, BSE 200 Equal Weight, S&P BSE 200, and S&P BSE Capital Goods underscores the company’s significance in India’s infrastructure and aviation sector.

The GMR Airports stock price is tracked by investors focusing on infrastructure growth. Its inclusion in these major indices reflects the company’s substantial market capitalisation, its role in national infrastructure, and its scale in operating key aviation gateways. Listing on the NSE and BSE ensures liquidity, while its presence across mid-cap and sector-specific indices drives institutional holdings and highlights its role within the capital goods and infrastructure segment.

GMR Airports Stock Performance and Share Price History

The GMR Airports share price on NSE and BSE reflects its status as a leading private airport operator. Performance is driven by passenger traffic, regulated aeronautical revenues, non-aero commercial income, project execution, and debt levels. Investors compare the GMR Airports share price today with sectoral indices and peer companies to gauge relative performance.

These underlying factors are often visible through real market movements across different periods. For instance, the GMR Airports share price increased by 232.22% in 2007, driven by the excitement around its recent IPO and entry into a high-growth sector. Conversely, the GMR Airports stock price decreased by 69.27% in 2008 due to the global financial crisis, which severely impacted travel demand and infrastructure financing. Similar trends are observed during earnings-driven movements. A 97.67% surge in the GMR Airports share price in 2023 correlated with a strong post-pandemic recovery in air travel and improved financial results. Broader sector strength has also played a role in supporting the GMR Airports share price.

In addition to operational and sector-led factors, corporate actions related to capital restructuring or fundraising can also have a significant impact on GMR Airports share price movements short-term even when the company’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings, even within a capital-intensive infrastructure framework influenced by regulatory cycles, economic growth, and aviation policies.

While short-term movements reflect events and announcements, longer-term valuation trends are visible through the GMR Airports share price 52-week high and low, providing context beyond daily or weekly changes. A 52-week high near ₹110.36 indicates periods of strong traffic recovery and investor optimism about future tariffs, while lows align with market corrections or concerns over leverage. These levels capture impacts of economic cycles, fuel price volatility, regulatory decisions, and earnings visibility, providing context for the stock’s historical performance.

GMR Airports’ stock performance reflects the trading behaviour of a large infrastructure company operating within India’s regulated aviation framework. The company’s portfolio of major airport assets, its long-term concession agreements, and its focus on operational efficiency have shaped its GMR Airports share price history. Over time, the stock has shown significant volatility, marked by periods of sharp gains and phases of prolonged consolidation.

The late 2000s witnessedstrong growth, particularly in 2007, driven by its market listing and the infrastructure boom. During the global financial crisis, the GMR Airports stock price experienced high volatility, with a sharp correction in 2008 followed by a recovery of 56.43% in 2009 as markets stabilized. Between 2016 and 2017, GMR Airports delivered a high-return year of 86.31%, reflecting investor confidence in asset monetization and debt reduction plans. From 2018 onwards, the GMR Airports share price faced challenges, mirroring broader market volatility and sector-specific headwinds, while the strong gains in 2021 (71.99%) and 2023 (97.67%) point to renewed positive momentum based on traffic recovery.

GMR Airports’ stock performance over time has closely followed India’s economic and aviation growth cycles. For instance, the GMR Airports share price reached an end-of-day high of ₹114.84 in December 2007, supported by peak market sentiment during the infrastructure investment cycle. Over longer investment horizons, the stock has delivered strong returns in certain periods, including gains of around 247.56% over five years and 135.78% over three years, highlighting a recovery phase aligned with the resurgence in air travel and corporate restructuring across the Indian aviation sector.

Despite COVID-19 disruptions in 2020, GMR Airports shares showed resilience with a 26.79% annual gain, as markets anticipated a recovery. While the broader aviation and travel sector faced collapsing passenger traffic and operational challenges, the company’s essential infrastructure status and long-term asset value helped the stock retain investor interest. Provisions and losses during this period were seen as temporary, keeping shares stable amid the pandemic’s waves and broader market volatility.

GMR Airports Investor Relevance and Role in Portfolio

GMR Airports is a strategic holding in infrastructure-focused and mid-cap portfolios, offering direct exposure to India’s aviation growth, regulated utility-like cash flows, and airport-city development. Its inclusion in indices like Nifty India Infrastructure & Logistics and Nifty Midcap 100 underscores its economic and strategic importance. Its ownership of critical national infrastructure, long-term concession assets, and traffic recovery profile make it a relevant choice for long-term thematic allocations.

GMR Airports equity is held by a broad mix of strategic, domestic, and international investors, reflecting its prominence in India’s infrastructure sector. Top institutional stakeholders include Aeroports de Paris SA, GMR Enterprises Private Limited, GMR Business & Consultancy LLP, GQG Partners LLC, Synergy Industrials, Metals And Power Holdings Ltd, GRAM Limited, GMR Infra Services Limited, The Vanguard Group, Inc., quant Money Managers Ltd., and BlackRock, Inc. Prominent mutual fund holders include Goldman Sachs Trust II – Goldman Sachs GQG Partners International Opportunities Fund, GQG Partners Emerging Markets Equity Fund, The Advisors’ Inner Circle Fund III – GQG Partners Emerging Markets Equity Fund, Quant Mutual Fund – Quant Mid Cap Fund, Vanguard STAR Funds – Vanguard Total International Stock ETF, Vanguard International Equity Index Funds – Vanguard FTSE Emerging Markets ETF, iShares, Inc. – iShares Core MSCI Emerging Markets ETF, Government Pension Fund Global, and SBI Mutual Fund – SBI Arbitrage Opportunities Fund. This investor base underscores the company’s role as a specialized holding in both strategic partner and global financial portfolios.

Beyond fundamentals and ownership, GMR Airports’ stock is actively monitored in derivatives markets, where open interest and rollover patterns reflect expectations on passenger traffic recovery, regulatory tariff decisions, and quarterly financial performance. Technical indicators such as RSI, MACD, and MFI provide additional insight into short-term momentum shifts in the GMR Airports stock price. While primarily used for near-term trading, these tools can also help gauge market sentiment and potential volatility around major traffic announcements or earnings reports.

GMR Airports’ beta has generally indicated higher volatility compared to the broader market, reflecting its nature as a mid-cap infrastructure stock sensitive to economic cycles and sector-specific news. Historical beta figures show that GMR Airports’ beta is often above 1.0. For instance, its long-term beta is 1.32, with daily ranges showing higher volatility (e.g., 2.29 over a one-month daily range). Weekly ranges over one and two years show betas of 0.571 and 1.29, respectively, while monthly calculations over two years show a beta of 1.74. This overall trend highlights its sensitivity to market swings, especially around economic or sectoral events, which is a key consideration for the GMR Airports share price movement within a portfolio context.

GMR Airports Sectoral Relevance and Peer Positioning

GMR Airports’ sector relevance stems from its scale in operating major airport hubs, its non-aeronautical revenue diversification, and its execution of large-scale infrastructure projects, establishing it as a key player supporting India’s aviation and logistics ecosystem. Peer comparisons with other airport operators like Adani Airports Holdings and infrastructure developers focus on passenger traffic, regulated asset base, revenue per passenger, and debt management rather than short-term stock moves. These benchmarks help investors assess operational scale, asset quality, and regulatory positioning. Institutional tracking of monthly traffic data, tariff consultations, and capital expenditure plans further highlights GMR Airports’ systemic importance within India’s broader transportation infrastructure.

GMR Airports’ sectoral importance is also reflected in financial and market metrics that demonstrate its growth trajectory, scale, and market valuation.

GMR Airports P/E ratio demonstrates how the market values the company’s earnings relative to its capital-intensive growth phase and project cycles. Historically, the P/E ratio has shown wide swings, reflecting periods of loss and high growth expectations. It was positive in the early years (54.4 in 2009) but turned negative from 2011 onwards as the company invested heavily and reported losses. The P/E reached deeply negative figures like -307.5 (TTM as of Jan 2026) and -180 at the end of 2025, as earnings remained negative. This pattern shows market valuation adjusting to the company’s heavy investment phase and path to profitability, distinct from steady-state utility valuations.

Alongside valuation, GMR Airports EPS highlights operational performance and the bottom-line impact of high finance costs and depreciation. EPS has been predominantly negative over the last decade due to these factors. It declined from -₹4.86 in 2011 to -₹9.50 in 2015, reflecting a challenging phase. Recent years show improvement, with EPS moving from -₹5.81 in 2021 to -₹0.28 (TTM) in 2025. This trend corresponds closely to improving operational efficiency, traffic recovery, and ongoing debt restructuring, providing insight into the company’s financial turnaround relative to sector peers.

GMR Airports market cap underscores its prominence and influence within India’s infrastructure markets. The company’s large-midcap status makes it a significant publicly traded infrastructure company and a key component of sectoral indices. Its valuation attracts thematic institutional interest and index-linked investment flows. Market cap history shows growth from ₹94.13 billion in 2006 to ₹991.19 billion in January 2026, with notable increases of 336.28% in 2007, 73.21% in 2009, and 102.82% in 2023, reinforcing its leadership position within the private airport segment.

Finally, GMR Airports’ long-term earnings trajectory demonstrates the volatile nature of a capital-intensive infrastructure business. Earnings (Pretax Income) have fluctuated significantly, turning positive after a long phase. They grew from ₹10.72 billion in 2012 to ₹26.90 billion in 2014, then entered a period of losses, hitting a low of -₹8.16 billion in 2020 due to the pandemic. A sharp recovery followed, with earnings reaching ₹29.75 billion in 2024 and ₹37.34 billion (TTM) in 2025. These trends reflect the company’s journey through an aggressive expansion cycle, a phase of consolidation, and a recent return to strong profitability, mirroring the maturation of its core airport assets.

Summary

GMR Airports Infrastructure Limited is a leading private airport operator in India, with its stock performance influenced by passenger traffic, regulated revenues, and infrastructure development cycles. The GMR Airports share price reflects its role in a capital-intensive sector, with historical volatility tied to economic conditions and corporate milestones. Its inclusion in major indices and ownership by strategic and institutional investors underscore its relevance in infrastructure-focused portfolios, while financial metrics chart its path from high investment to improving profitability.