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GMR Infrastructure

NSEI:GMRINFRA
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GMRINFRA
NSEI
₹100B
Market Cap
  1. Home
  2. IN
  3. Transportation
Company description

GMR Infrastructure Limited engages in engineering, procurement, and construction (EPC) contracting activities in India and internationally. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • GMR Infrastructure has significant price volatility in the past 3 months.
GMRINFRA Share Price and Events
7 Day Returns
3.1%
NSEI:GMRINFRA
2.5%
IN Infrastructure
5.7%
IN Market
1 Year Returns
-10.7%
NSEI:GMRINFRA
-37%
IN Infrastructure
-26.5%
IN Market
GMRINFRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GMR Infrastructure (GMRINFRA) 3.1% -10.5% -30.1% -10.7% 7.1% -5.7%
IN Infrastructure 2.5% -22.4% -36.4% -37% -34.7% -35.3%
IN Market 5.7% -15.5% -26.4% -26.5% -18.9% -8.7%
1 Year Return vs Industry and Market
  • GMRINFRA outperformed the Infrastructure industry which returned -37% over the past year.
  • GMRINFRA outperformed the Market in India which returned -26.5% over the past year.
Price Volatility
GMRINFRA
Industry
5yr Volatility vs Market

GMRINFRA Value

 Is GMR Infrastructure undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether GMR Infrastructure is trading at an attractive price based on the cash flow it is expected to produce in the future. But as GMR Infrastructure has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for GMR Infrastructure. This is due to cash flow or dividend data being unavailable. The share price is ₹16.7.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GMR Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GMR Infrastructure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GMRINFRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹-7.10
NSEI:GMRINFRA Share Price ** NSEI (2020-04-09) in INR ₹16.7
India Infrastructure Industry PE Ratio Median Figure of 7 Publicly-Listed Infrastructure Companies 6.13x
India Market PE Ratio Median Figure of 2,616 Publicly-Listed Companies 9.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GMR Infrastructure.

NSEI:GMRINFRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:GMRINFRA Share Price ÷ EPS (both in INR)

= 16.7 ÷ -7.10

-2.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMR Infrastructure is loss making, we can't compare its value to the IN Infrastructure industry average.
  • GMR Infrastructure is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does GMR Infrastructure's expected growth come at a high price?
Raw Data
NSEI:GMRINFRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
32.8%per year
Asia Infrastructure Industry PEG Ratio Median Figure of 50 Publicly-Listed Infrastructure Companies 1.16x
India Market PEG Ratio Median Figure of 399 Publicly-Listed Companies 0.85x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GMR Infrastructure, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GMR Infrastructure's assets?
Raw Data
NSEI:GMRINFRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹-3.39
NSEI:GMRINFRA Share Price * NSEI (2020-04-09) in INR ₹16.7
India Infrastructure Industry PB Ratio Median Figure of 12 Publicly-Listed Infrastructure Companies 0.26x
India Market PB Ratio Median Figure of 3,614 Publicly-Listed Companies 0.65x
NSEI:GMRINFRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:GMRINFRA Share Price ÷ Book Value per Share (both in INR)

= 16.7 ÷ -3.39

-4.92x

* Primary Listing of GMR Infrastructure.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMR Infrastructure has negative assets, we can't compare the value of its assets to the IN Infrastructure industry average.

Next steps:

  1. Take a look at our analysis of GMRINFRA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through GMR Infrastructure's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Infrastructure industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess GMR Infrastructure's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. GMR Infrastructure has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GMRINFRA Future Performance

 How is GMR Infrastructure expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GMR Infrastructure expected to grow at an attractive rate?
  • Unable to compare GMR Infrastructure's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare GMR Infrastructure's earnings growth to the India market average as it is expected to be loss making during the next 1-3 years.
  • GMR Infrastructure's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GMRINFRA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GMRINFRA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 32.8%
NSEI:GMRINFRA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1%
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
India Market Earnings Growth Rate Market Cap Weighted Average 19.5%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GMRINFRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GMRINFRA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 75,907 7,746 -10,498 3
2021-03-31 69,917 522 -12,035 3
2020-04-09
2020-03-31 71,315 37,138 -17,186 3
NSEI:GMRINFRA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 79,740 -36,482
2019-09-30 77,353 17,445 -39,109
2019-06-30 78,187 -35,636
2019-03-31 73,765 20,523 -36,907
2018-12-31 75,266 -13,501
2018-09-30 76,346 -14,060
2018-06-30 76,044 -11,993
2018-03-31 85,292 23,472 -13,319
2017-12-31 92,833 -15,274
2017-09-30 97,230 -11,698
2017-06-30 117,274 -3,693
2017-03-31 93,121 45,043 -8,488

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GMR Infrastructure is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • GMR Infrastructure's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GMRINFRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from GMR Infrastructure Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GMRINFRA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 -1.70 -0.80 -3.00 3.00
2021-03-31 -1.87 -1.20 -2.60 3.00
2020-04-09
2020-03-31 -2.83 -2.70 -3.10 3.00
NSEI:GMRINFRA Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 -7.10
2019-09-30 -7.12
2019-06-30 -5.92
2019-03-31 -6.13
2018-12-31 -2.24
2018-09-30 -2.34
2018-06-30 -1.99
2018-03-31 -2.21
2017-12-31 -2.82
2017-09-30
2017-06-30 -0.84
2017-03-31 -1.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GMR Infrastructure will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GMR Infrastructure's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GMR Infrastructure has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GMRINFRA Past Performance

  How has GMR Infrastructure performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GMR Infrastructure's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GMR Infrastructure does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare GMR Infrastructure's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GMR Infrastructure's 1-year growth to the IN Infrastructure industry average as it is not currently profitable.
Earnings and Revenue History
GMR Infrastructure's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GMR Infrastructure Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GMRINFRA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 79,739.70 -36,482.40 771.80
2019-09-30 77,353.20 -39,108.50 771.80
2019-06-30 78,187.20 -35,636.30
2019-03-31 73,764.70 -36,907.00 771.80
2018-12-31 75,266.30 -13,500.60
2018-09-30 76,346.00 -14,060.30
2018-06-30 76,043.70 -11,992.90
2018-03-31 85,291.90 -13,319.20 700.60
2017-12-31 92,833.10 -15,274.40
2017-09-30 97,229.50 -11,698.10
2017-06-30 117,273.60 -3,693.20
2017-03-31 93,120.90 -8,487.60
2016-12-31 51,338.30 3,356.80
2016-09-30 62,105.70 1,601.40
2016-06-30 119,656.80 -14,958.60
2016-03-31 79,639.20 -4,116.30
2015-12-31 126,709.50 -21,040.40
2015-09-30 118,579.40 -23,629.90
2015-06-30 111,640.90 -25,695.40
2015-03-31 107,309.30 -27,145.80
2014-12-31 104,608.70 -23,747.50 -1,343.10
2014-09-30 103,580.80 -21,775.10 -841.30
2014-06-30 106,914.90 -2,715.00 13,295.90
2014-03-31 100,346.00 -16,935.30
2013-12-31 102,384.60 -6,046.10 11,054.10
2013-09-30 99,697.20 -3,806.50 6,797.30
2013-06-30 99,834.50 -1,669.00 8,618.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if GMR Infrastructure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if GMR Infrastructure has efficiently used its assets last year compared to the IN Infrastructure industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GMR Infrastructure improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GMR Infrastructure's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GMR Infrastructure has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GMRINFRA Health

 How is GMR Infrastructure's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GMR Infrastructure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GMR Infrastructure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GMR Infrastructure's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GMR Infrastructure's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GMR Infrastructure Company Filings, last reported 3 months ago.

NSEI:GMRINFRA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,727.70 313,722.30 130,156.10
2019-09-30 5,727.70 312,573.10 130,156.10
2019-06-30 12,418.90 239,624.00 86,652.60
2019-03-31 12,418.90 275,792.30 39,661.70
2018-12-31 49,334.30 233,361.40 86,490.80
2018-09-30 49,334.30 233,361.40 86,490.80
2018-06-30 56,448.10 213,191.10 67,692.20
2018-03-31 56,448.10 230,667.60 59,616.60
2017-12-31 62,193.60 211,069.90 68,306.10
2017-09-30 62,193.60 211,069.90 68,306.10
2017-06-30 75,620.80 198,439.70 59,046.20
2017-03-31 70,558.30 215,505.40 47,531.60
2016-12-31
2016-09-30
2016-06-30
2016-03-31 62,503.30 393,768.60 43,260.80
2015-12-31 90,436.40 434,396.00 45,294.00
2015-09-30 90,436.40 434,396.00 45,294.00
2015-06-30 96,597.30 422,015.60 51,058.60
2015-03-31 96,597.30 478,300.60 51,058.60
2014-12-31
2014-09-30 107,546.90 401,108.30 45,344.80
2014-06-30 107,853.30 450,430.90 40,965.40
2014-03-31 107,853.30 450,422.60 40,965.40
2013-12-31 104,189.80 401,396.80 43,005.50
2013-09-30 104,189.80 401,396.80 43,005.50
2013-06-30 109,692.80 423,501.30 53,134.70
  • GMR Infrastructure's level of debt (5457.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (432.1% vs 5457.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • GMR Infrastructure has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if GMR Infrastructure has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess GMR Infrastructure's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GMR Infrastructure has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GMRINFRA Dividends

 What is GMR Infrastructure's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GMR Infrastructure dividends. Estimated to be 0% next year.
If you bought ₹2,000 of GMR Infrastructure shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GMR Infrastructure's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GMR Infrastructure's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GMRINFRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
India Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.8%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GMRINFRA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 0.00 1.00
2020-04-09
2020-03-31 0.00 1.00
NSEI:GMRINFRA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2016-05-31 0.000 0.000
2016-02-10 0.000 0.000
2015-11-16 0.000 0.000
2015-08-27 0.000 0.000
2014-09-22 0.100 0.615
2014-07-02 0.100 0.382
2014-05-30 0.100 0.293
2013-09-17 0.100 0.440

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GMR Infrastructure has not reported any payouts.
  • Unable to verify if GMR Infrastructure's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GMR Infrastructure's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GMR Infrastructure has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of GMR Infrastructure's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess GMR Infrastructure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GMR Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GMR Infrastructure has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GMRINFRA Management

 What is the CEO of GMR Infrastructure's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Grandhi Kumar
COMPENSATION ₹0
AGE 44
TENURE AS CEO 6.8 years
CEO Bio

Mr. Grandhi Kiran Kumar, B.Com, MBA has been the Chief Executive Officer and Managing Director at GMR Infrastructure Limited since November 14, 2017 and July 28, 2013 respectively. He join the company since December 5, 1999 at GMR Infrastructure Ltd. He has significant experience in leading projects and businesses in the infrastructure space across sectors such as Airports, Highways and in Corporate Functions. As Corporate Chairman, his responsibilities include Group Finance, Corporate Strategy and GMR Sports. Currently, he is the Managing Director of GMR Infrastructure Ltd. He serves as the Managing Director and Chairman of Airports at GMR Hyderabad International Airport Ltd., Shamshabad (GHIAL), a subsidiary of GMR Infrastructure Ltd. and he is also heading its Airport Business Development division and Aviation SEZs. He served as Managing Director of Delhi International Airport Limited. He is responsible for the brand new international airport in Delhi in time for the Common Wealth Games in 2010. He serves as the Chairman of Airports division (GMR Airports) of GMR Infrastructure Ltd. and heads its business development in Airports and is responsible for DIAL, GMR Hyderabad International Airport and airport business development. He also spearheaded the development of the landmark, T3 project at Delhi International Airport. He joined GMR Group in 1996. Before taking over the reins of GHIAL, he headed GMR's finance function and the shared services. Since 1998, he worked on key strategic assignments which were crucial in transforming GMR Hyderabad International Airport Ltd. into a leading infrastructure power-house of the country and these include: driving the strategic tie-ups with PSEG Global Inc. for Tanir Bavi Power Project; the life insurance joint venture with ING and Vysya Bank; the joint venture with Malaysia Airports Holdings, Berhad for GMR Hyderabad International Airport (GHIAL) project and with United Engineers of Malaysia for bidding the Golden Quadrilateral projects. He also played a significant role in helping GHIAL bag two of the annuity road projects at competitive rates benchmarked by the industry. His next major contribution came by way of enabling GHIAL to emerge as the preferred bidder and the developer of Greenfield GMR Hyderabad International Airport. He served as the Business Chairman of Urban Infra & Highways. He served as an Executive Director at Delhi International Airport Private Limited since April, 2006 until May 31, 2018. He serves as a Director of various funds in the Fund Complex of GMR Funds. He serves as a Director of Cadence Cargo Private Limited, Gateways For India Airports Private Limited and Idea space Solutions Ltd. He serves as a Director of GMR Tuni-Anakapalli Expressways Limited. He has been a Director at GMR Hyderabad International Airport Ltd. since 1998. He serves as Director of Delhi International Airport Limited since April 01, 2018. He serves as a Director of Gmr Tambaram-Tindivanam Expressways Private Limited. He served as a Member of Group Executive Council at GMR Infrastructure Limited and has been its Group Director since 1999. He served as a Non-Independent and Non Executive Director of GMR Industries Ltd. (now Parrys Sugar Industries Ltd.) from May 26, 2004 to July 30, 2007. He has a Bachelors in Commerce from Badruka College, Hyderabad, Osmania University in 1996.

CEO Compensation
  • Grandhi's compensation has increased whilst company is loss making.
  • Grandhi's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the GMR Infrastructure management team in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the GMR Infrastructure management team is less than 2 years, this suggests a new team.
Management Team

Grandhi Rao

TITLE
Founder & Non-Executive Chairman
AGE
70

Grandhi Kumar

TITLE
CEO, MD & Director
AGE
44
TENURE
6.8 yrs

Saurabh Chawla

TITLE
Executive Director of Finance & Strategy and CFO
COMPENSATION
₹20M
AGE
55
TENURE
1.2 yrs

Tangirala Ramana

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹6M
AGE
46
TENURE
2.4 yrs

Madhu Terdal

TITLE
Executive Director of Strategic Initiatives & Whole Time Director
COMPENSATION
₹23M
AGE
64
TENURE
0.7 yrs

Yuvraj Mehta

TITLE
Group Head & VP of Corporate Communications
Board of Directors Tenure

Average tenure and age of the GMR Infrastructure board of directors in years:

10.5
Average Tenure
67.5
Average Age
  • The average tenure for the GMR Infrastructure board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Grandhi Rao

TITLE
Founder & Non-Executive Chairman
AGE
70
TENURE
12.5 yrs

Grandhi Kumar

TITLE
CEO, MD & Director
AGE
44
TENURE
21.3 yrs

Madhu Terdal

TITLE
Executive Director of Strategic Initiatives & Whole Time Director
COMPENSATION
₹23M
AGE
64
TENURE
0.7 yrs

R. S. S. L. Bhaskarudu

TITLE
Independent Director
COMPENSATION
₹700K
AGE
78
TENURE
14.6 yrs

N. Sarabeswaran

TITLE
Non Executive & Independent Director
COMPENSATION
₹520K
AGE
75
TENURE
8.4 yrs

Grandhi Butchi Raju

TITLE
Group Promoter Director
AGE
44
TENURE
21.3 yrs

Srinivas Bommidala

TITLE
Group Non-Executive Promoter Director
AGE
56
TENURE
23.9 yrs

Boda Nageswara Rao

TITLE
Group Non-Executive Director
AGE
65
TENURE
6.8 yrs

Srinivasan Sandilya

TITLE
Non Executive & Independent Director
COMPENSATION
₹240K
AGE
71
TENURE
7.6 yrs

S. Rajagopal

TITLE
Non Executive Independent Director
COMPENSATION
₹560K
AGE
79
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by GMR Infrastructure individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
27. Mar 20 Buy GMR Enterprises Private Limited Company 23. Mar 20 25. Mar 20 19,233,536 ₹15.71 ₹297,662,905
18. Mar 20 Buy GMR Enterprises Private Limited Company 16. Mar 20 16. Mar 20 21,519,994 ₹16.40 ₹352,821,628
13. Mar 20 Buy Madhva Terdal Individual 06. Mar 20 06. Mar 20 200,000 ₹9.45 ₹1,890,352
23. Sep 19 Sell GMR Infrastructure Limited, Employee Welfare Trust Company 18. Sep 19 20. Sep 19 -14,300,000 ₹16.48 ₹-231,783,664
X
Management checks
We assess GMR Infrastructure's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GMR Infrastructure has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GMRINFRA News

Simply Wall St News

Is Now The Right Time To Invest In Capital Goods And GMR Infrastructure Limited (NSE:GMRINFRA)?

GMR Infrastructure Limited (NSE:GMRINFRA), a ₹112.54b. … Along with these positive signals is the potential for significant infrastructure plans and public-private partnerships to fund them … Capital goods analysts are forecasting for the entire industry,

Simply Wall St -

GMR Infrastructure Limited's (NSE:GMRINFRA) Shift From Loss To Profit

The ₹93.88b market-cap company announced a latest loss of -₹10.83b on 31 March 2018 for its most recent financial year result. … Below I will provide a high-level summary of the industry analysts’ expectations for GMRINFRA … See our latest analysis for GMR Infrastructure

Simply Wall St -

Analysts Bearish On GMR Infrastructure Limited (NSE:GMRINFRA)

It's crucial to understand if a company has a strong future based on its current operations and financial status. … GMR Infrastructure Limited provides engineering, procurement, and construction (EPC) solutions in India and internationally. … Since starting in 1996 in India, the company has now grown to a market cap of ₹96.29b

Simply Wall St -

GMRINFRA Company Info

Description

GMR Infrastructure Limited engages in engineering, procurement, and construction (EPC) contracting activities in India and internationally. The company operates through Airports, Power, Roads, EPC, and Others segments. It is involved in the development, maintenance, and operation of airport infrastructure and special economic zones; and modernization, maintenance, and operation of international airports on build, own, operate, and transfer basis. The company also engages in the generation and sale of power; coal mining and exploration activities; and energy and coal trading activities. In addition, it develops highways on build, operate, and transfer model on annuity or toll basis; and handles EPC solutions in the infrastructure sector. Further, it operates hotels; invests in the airport, energy and transportation, and urban infrastructure sectors; and provides management/technical consultancy services. The company was formerly known as GMR Vasavi Infrastructure Finance Limited and changed its name to GMR Infrastructure Limited in April 2000. GMR Infrastructure Limited was incorporated in 1996 and is based in New Delhi, India. GMR Infrastructure Limited is a subsidiary of GMR Enterprises Private Limited.

Details
Name: GMR Infrastructure Limited
GMRINFRA
Exchange: NSEI
Founded: 1996
₹99,897,894,885
6,017,945,475
Website: http://www.gmrgroup.in/home/#our-journey/slide11
Address: GMR Infrastructure Limited
New Udaan Bhawan,
Opposite Terminal-3,
New Delhi,
Delhi, 110 037,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI GMRINFRA Equity Shares National Stock Exchange of India IN INR 21. Aug 2006
BSE 532754 Equity Shares Mumbai Stock Exchange IN INR 21. Aug 2006
Number of employees
Current staff
Staff numbers
0
GMR Infrastructure employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 13:03
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.