GMR Airports Infrastructure Ltd: A Stock to Watch in 2023

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GMR Airports Infrastructure Ltd (GMRINFRA) is one of the leading players in the airport sector in India and abroad. The company operates and develops airports in Delhi, Hyderabad, Goa, Nagpur, and Mopa. It also has stakes in airports in Greece, the Philippines, and Indonesia. The company is part of the GMR Group, which has interests in energy, transportation, urban infrastructure, and sports.

Why GMR Airports Infrastructure Ltd is a Good Investment Option


GMR Airports Infrastructure Ltd has shown strong performance in the past few quarters, despite the challenges posed by the Covid-19 pandemic. The company has reported a revenue growth of 39.73% year-on-year in the first quarter of fiscal year 2024, ending on June 30, 2023. The company has also reduced its net loss by 78.24% year-on-year to Rs 298 million in the same quarter. The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) has increased by 58.45% year-on-year to Rs 7.18 billion in the first quarter of fiscal year 2024.

The company has also improved its cash position and reduced its debt. The company has reported a cash and short-term investments of Rs 65.59 billion as of June 30, 2023, which is a 36.57% increase from the previous year. The company has also reduced its total debt by 16% from Rs 210 billion as of March 31, 2023 to Rs 176 billion as of June 30, 2023.

The company has also won several new projects and contracts in the recent past, which will boost its future growth prospects. The company has won a contract to develop and operate a greenfield airport at Bhogapuram in Andhra Pradesh for a period of 40 years. The company has also signed a concession agreement with the Airports Authority of India (AAI) to operate and manage the airports at Jaipur and Thiruvananthapuram for a period of 50 years. The company has also received a letter of award from AAI to operate and manage the airport at Guwahati for a period of 50 years.

The company's stock price has also reflected its strong performance and growth potential. The stock has surged by more than 80% in the past one year, reaching a 52-week high of Rs 66.75 on August 25, 2023. The stock has outperformed the Nifty Infrastructure Index, which has gained about 60% in the same period.

How to Invest in GMR Airports Infrastructure Ltd

If you are interested in investing in GMR Airports Infrastructure Ltd, you can buy its shares from the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). The company's stock symbol is GMRINFRA on both the exchanges. 

You can also invest in GMR Airports Infrastructure Ltd through mutual funds or exchange-traded funds (ETFs) that have exposure to the infrastructure sector. 

Some of the popular funds that invest in GMR Airports Infrastructure Ltd are:

- Aditya Birla Sun Life Infrastructure Fund
- ICICI Prudential Infrastructure Fund
- Nippon India ETF Nifty Infra
- SBI ETF Nifty Infra

You can check the fund's portfolio, performance, expense ratio, and risk profile before investing.

Conclusion

GMR Airports Infrastructure Ltd is a leading player in the airport sector in India and abroad. The company has shown strong performance in the past few quarters, despite the challenges posed by the Covid-19 pandemic. The company has also won several new projects and contracts that will boost its future growth prospects. The company's stock price has also surged by more than 80% in the past one year, outperforming the Nifty Infrastructure Index.

If you are looking for a long-term investment option in the infrastructure sector, GMR Airports Infrastructure Ltd could be a good choice for you. You can invest in the company's shares directly from the stock exchanges or through mutual funds or ETFs that have exposure to the infrastructure sector.

Disclaimer: This blog post is for informational purposes only and does not constitute any investment advice or recommendation. Please do your own research and consult your financial advisor before making any investment decision.

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