GMRP&UI
GMR Urban share price & financials
- Price
- ₹92.31
- Market cap
- ₹7.2k Cr
- Sector
- Power
What GMR Urban does
GMR Power and Urban Infra Limited generates electricity from thermal, hydro, solar and wind power assets and sells it to state discoms, industrial buyers and through energy trading. Its subsidiary GMR Smart Electricity Distribution is rolling out Advanced Metering Infrastructure (smart meters) under contracts with two Uttar Pradesh discoms. Through GMR Highways it operates annuity and toll-road concessions and has executed EPC works including a section of the Dedicated Freight Corridor, and it holds a land parcel in Tamil Nadu being developed as a Special Investment Region for industrial tenants.
Segments
- Energy
- Smart Metering
- Highways & EPC
- Urban Infra
- Operational thermal power capacity
- 1,650 MW across 2 plants (Kamalanga 1,050 MW, Warora 600 MW)
- Hydro power capacity under development
- 1,425 MW
- Solar power capacity
- 31 MW operational plus 10 MW under development
- Wind power capacity
- 3.4 MW operational across 2 plants
- Smart meters under contract
- 7.57 Mn smart meters across 22 districts of Uttar Pradesh (3 AMI projects: Kashi, Triveni, Agra)
- Smart meters installed to date
- ~3.9 Mn cumulatively installed (as of 30 Apr'26)
Quarterly results
Q1 FY27: revenue down 33.0%, net profit down 500.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 101 | 104 | 94 | 81 −44% | 101 +0% | 91 −12% | 63 −33% |
| EBITDA | 91 | 54 | 59 | 62 | 45 −51% | 63 +17% | 40 −32% | 23 −63% |
| Net profit | 782 | 119 | 50 | 24 | -3 −100% | 8 −93% | -179 −458% | -96 −500% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −29.3% 1Y
1Y: ₹130.5 on 17 Sept 2025 → ₹92.31. High ₹132.19 (20 Nov 2025), low ₹89.74 (30 Mar 2026).
Valuation and ratios
Current values use the same calculations as the financial screener. Compare FY and TTM where available. Each ratio shows its reporting period.
- Return on capital employed
- 11.68%
- TTM to Jun 2026
How it is calculated
Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
- 11.96%
- FY ending Mar 2026
How it is calculated
Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
- Return on equity
- -33.01%
- TTM to Jun 2026
How it is calculated
Adjusted profit attributable to owners ÷ average owners’ equity.
- -42.77%
- FY ending Mar 2026
How it is calculated
Adjusted profit attributable to owners ÷ average owners’ equity.
- Return on assets
- -2.35%
- TTM to Jun 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ average total assets.
- -3.20%
- FY ending Mar 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ average total assets.
- Operating margin (EBITDA)
- 21.86%
- TTM to Jun 2026
How it is calculated
Operating profit ÷ revenue.
- 21.88%
- FY ending Mar 2026
How it is calculated
Operating profit ÷ revenue.
- Net margin
- -5.41%
- TTM to Jun 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ revenue.
- -7.42%
- FY ending Mar 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ revenue.
- Free cash flow margin
- 16.82%
- FY ending Mar 2026
How it is calculated
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
- Cash conversion (CFO/PAT)
- 205.21%
- FY ending Mar 2026
How it is calculated
Operating cash flow ÷ reported total net profit.
- Capex intensity
- 3.25%
- FY ending Mar 2026
How it is calculated
Fixed-asset purchases ÷ revenue.
- Revenue growth (YoY)
- 15.80%
- TTM to Jun 2026
How it is calculated
Revenue change against the same period one year earlier.
- 15.57%
- FY ending Mar 2026
How it is calculated
Revenue change against the same period one year earlier.
- PAT growth (YoY)
- —
- TTM to Jun 2026
How it is calculated
Adjusted profit attributable to owners vs the same period one year earlier.
- —
- FY ending Mar 2026
How it is calculated
Adjusted profit attributable to owners vs the same period one year earlier.
- EBITDA growth (YoY)
- 16.86%
- TTM to Jun 2026
How it is calculated
Operating profit vs the same period one year earlier.
- 4.56%
- FY ending Mar 2026
How it is calculated
Operating profit vs the same period one year earlier.
- Debt to equity
- 6.09×
- FY ending Mar 2026
How it is calculated
Borrowings ÷ owners’ equity.
- Interest coverage
- 0.94×
- TTM to Jun 2026
How it is calculated
Adjusted EBIT ÷ interest expense.
- 0.89×
- FY ending Mar 2026
How it is calculated
Adjusted EBIT ÷ interest expense.
- Asset turnover
- 0.43×
- TTM to Jun 2026
How it is calculated
Revenue ÷ average total assets.
- 0.43×
- FY ending Mar 2026
How it is calculated
Revenue ÷ average total assets.
- Net debt
- ₹10,420.00 Cr
- FY ending Mar 2026
How it is calculated
Borrowings less cash equivalents.
- Net debt / EBITDA
- 4.94×
- TTM to Jun 2026
How it is calculated
(Borrowings − cash equivalents) ÷ adjusted EBITDA.
- 4.86×
- FY ending Mar 2026
How it is calculated
(Borrowings − cash equivalents) ÷ adjusted EBITDA.
- Financial leverage (average assets/equity)
- 8.94×
- FY ending Mar 2026
How it is calculated
Average total assets ÷ closing owners’ equity.
- Net interest income
- —
- TTM to Jun 2026
How it is calculated
Interest earned less interest expense.
- —
- FY ending Mar 2026
How it is calculated
Interest earned less interest expense.
- Deposit growth
- —
- FY ending Mar 2026
How it is calculated
Deposits vs the same period one year earlier.
- Price to earnings
- —
- TTM to Jun 2026
How it is calculated
Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
- —
- FY ending Mar 2026
How it is calculated
Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
- Price to book
- 3.79×
- TTM to Jun 2026
How it is calculated
Market cap ÷ owners’ equity from the balance sheet selected for the TTM inputs. Uses current market cap, not the share price at the period end.
- EV / EBITDA
- 8.36×
- TTM to Jun 2026
How it is calculated
(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
- 8.23×
- FY ending Mar 2026
How it is calculated
(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
- Earnings yield
- 8.17%
- TTM to Jun 2026
How it is calculated
Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
- 8.37%
- FY ending Mar 2026
How it is calculated
Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
- Debtor days
- 59.00 days
- FY ending Mar 2026
How it is calculated
Reported receivable days from the annual accounts.
- Inventory days
- 88.00 days
- FY ending Mar 2026
How it is calculated
Reported inventory days, using material cost / cost of goods sold.
- Days payable
- 227.00 days
- FY ending Mar 2026
How it is calculated
Reported payable days, using material cost / cost of goods sold.
- Cash conversion cycle
- -81.00 days
- FY ending Mar 2026
How it is calculated
Reported debtor days plus inventory days less payable days.
- Working capital days
- 14.00 days
- FY ending Mar 2026
How it is calculated
Reported net working capital days from the annual accounts.
- Dividend payout
- 0.00%
- FY ending Mar 2026
How it is calculated
Reported dividend payout as a percentage of annual profit.
- Market cap
- ₹7,217.00 Cr
- Current market cap
How it is calculated
Market capitalisation from the current stock record.
A dash means inputs are missing or too old, the ratio does not apply, or the value is outside our supported range. FY uses the reported fiscal period; TTM uses the latest twelve months. Valuations use current market cap with the selected earnings period.
Screen Indian stocks using these ratios →Annual ratio history
| Period ending | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on capital employed | 1.91% | 8.42% | 19.45% | 11.72% | 13.19% | 11.96% |
| Return on equity | 73.95% | 32.24% | 0.38% | 15.65% | -61.08% | -42.77% |
| Return on assets | -8.94% | -4.76% | -0.42% | -3.60% | -2.15% | -3.20% |
| Operating margin (EBITDA) | 1.61% | 12.07% | 7.74% | 20.36% | 24.18% | 21.88% |
| Net margin | -50.42% | -17.11% | -0.98% | -12.54% | -6.18% | -7.42% |
| Free cash flow margin | 21.92% | 30.84% | 23.59% | 36.76% | 43.24% | 16.82% |
| Cash conversion (CFO/PAT) | — | — | 107.99% | — | 182.54% | 205.21% |
| Capex intensity | 4.13% | 3.71% | 0.44% | 2.21% | 4.26% | 3.25% |
| Revenue growth (YoY) | — | 50.09% | 34.47% | -18.62% | 41.32% | 15.57% |
| PAT growth (YoY) | — | — | — | — | — | — |
| EBITDA growth (YoY) | — | — | -13.74% | 114.05% | 67.83% | 4.56% |
| Debt to equity | — | — | — | — | 17.51× | 6.09× |
| Interest coverage | 0.12× | 0.56× | 0.98× | 0.65× | 0.92× | 0.89× |
| Asset turnover | 0.18× | 0.28× | 0.43× | 0.29× | 0.35× | 0.43× |
| Net debt | ₹11,385.00 Cr | ₹9,873.00 Cr | ₹7,112.00 Cr | ₹13,194.00 Cr | ₹9,273.00 Cr | ₹10,420.00 Cr |
| Net debt / EBITDA | 36.61× | 11.14× | 4.82× | 10.60× | 4.54× | 4.86× |
| Financial leverage (average assets/equity) | — | — | — | — | 31.10× | 8.94× |
| Net interest income | — | — | — | — | — | — |
| Deposit growth | — | — | — | — | — | — |
| Debtor days | 113.00 days | 55.00 days | 36.00 days | 125.00 days | 98.00 days | 59.00 days |
| Inventory days | 18.00 days | 12.00 days | 5.00 days | 52.00 days | 151.00 days | 88.00 days |
| Days payable | 419.00 days | 330.00 days | 239.00 days | 635.00 days | 440.00 days | 227.00 days |
| Cash conversion cycle | -288.00 days | -263.00 days | -198.00 days | -458.00 days | -192.00 days | -81.00 days |
| Working capital days | -681.00 days | -444.00 days | -259.00 days | -379.00 days | -18.00 days | 14.00 days |
| Dividend payout | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
The same formulas applied to each reported year. Periods longer or shorter than twelve months are labelled and are not annualised. Current prices are not used for historical valuations.
Financials, as filed
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹5.5k Cr | ₹779 Cr | ₹480 Cr | ₹367 Cr |
| Operating profit | ₹196 Cr | ₹401 Cr | ₹279 Cr | ₹210 Cr |
| Interest | ₹1.3k Cr | ₹447 Cr | ₹294 Cr | ₹349 Cr |
| Depreciation | ₹151 Cr | ₹16 Cr | ₹3 Cr | ₹3 Cr |
| Net profit | ₹1.1k Cr | ₹645 Cr | ₹747 Cr | ₹-150 Cr |
| Cash from operations | ₹590 Cr | ₹41 Cr | ₹-66 Cr | ₹-173 Cr |
| Free cash flow | ₹593 Cr | ₹44 Cr | ₹-56 Cr | ₹-168 Cr |
How to read this
Reported financial amounts. Ratios and their reporting periods are shown above.
Balance sheet
| Year ending | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | ₹302 Cr | ₹302 Cr | ₹302 Cr | ₹357 Cr | ₹357 Cr | ₹391 Cr |
| Reserves | ₹1.1k Cr | ₹101 Cr | ₹217 Cr | ₹1.3k Cr | ₹1.1k Cr | ₹3.2k Cr |
| Borrowings | ₹4.5k Cr | ₹3.7k Cr | ₹3.9k Cr | ₹1.9k Cr | ₹11.6k Cr | ₹2.0k Cr |
| Other liabilities | ₹2.6k Cr | ₹2.8k Cr | ₹2.4k Cr | ₹1.1k Cr | ₹3.6k Cr | ₹469 Cr |
| Total liabilities | ₹8.6k Cr | ₹6.8k Cr | ₹6.8k Cr | ₹4.7k Cr | ₹16.6k Cr | ₹6.1k Cr |
| Fixed assets | ₹108 Cr | ₹91 Cr | ₹77 Cr | ₹3 Cr | ₹8.0k Cr | ₹81 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹461 Cr | ₹0 Cr |
| Investments | ₹4.6k Cr | ₹3.0k Cr | ₹3.4k Cr | ₹1.8k Cr | ₹509 Cr | ₹4.0k Cr |
| Other assets | ₹3.9k Cr | ₹3.7k Cr | ₹3.4k Cr | ₹2.9k Cr | ₹7.6k Cr | ₹1.9k Cr |
| Total assets | ₹8.6k Cr | ₹6.8k Cr | ₹6.8k Cr | ₹4.7k Cr | ₹16.6k Cr | ₹6.1k Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +11.24 pp while the public trimmed −10.47 pp. The shareholder count shrank 9% to 3,24,898.
- Promoters
- 46.3%
- FIIs
- 16.0%
- DIIs
- 5.5%
- Public
- 32.2%
Since Jun 2025
- FIIs +11.24 pp
- Public −10.47 pp
- Promoters −4.27 pp
How it drifted, 12 quarters
Over this window promoters fell from 59.8% to 46.3% — −13.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 59.8%, FIIs 13.9%, DIIs 2.7%, Public 23.6%.Dec '23: Promoters 59.8%, FIIs 6.5%, DIIs 2.7%, Public 30.9%.Mar '24: Promoters 59.8%, FIIs 5.1%, DIIs 2.6%, Public 32.5%.Jun '24: Promoters 59.8%, FIIs 1.5%, DIIs 2.7%, Public 35.9%.Sep '24: Promoters 50.5%, FIIs 3.4%, DIIs 2.4%, Public 43.7%.Dec '24: Promoters 50.5%, FIIs 4.0%, DIIs 2.3%, Public 43.3%.Mar '25: Promoters 50.5%, FIIs 5.0%, DIIs 2.3%, Public 42.2%.Jun '25: Promoters 50.5%, FIIs 4.8%, DIIs 2.0%, Public 42.7%.Sep '25: Promoters 50.6%, FIIs 3.9%, DIIs 1.8%, Public 43.8%.Dec '25: Promoters 50.6%, FIIs 3.8%, DIIs 1.8%, Public 43.9%.Mar '26: Promoters 46.3%, FIIs 3.4%, DIIs 5.2%, Public 45.1%.Jun '26: Promoters 46.3%, FIIs 16.0%, DIIs 5.5%, Public 32.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- GMR Estate Management Private Limited +9.55 pp 24.91% held
- Authum Investment And Infrastructure Limited NBFC / DFI newly disclosed 2.08% held
- M.Prasad & Co Limited +0.56 pp 1.80% held
- GVL Global Sports and Events FZCO (formerly Cruiser Sports and Events FZCO) newly disclosed 0.00% held
- Yehuda Investment Holdings Limited newly disclosed 0.00% held
- GVL Enterprise Pte Ltd newly disclosed 0.00% held
- Indo Taush Trading FZCO newly disclosed 0.00% held
- B Srinivas newly disclosed 0.00% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of GMR Urban above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| GMR Estate Management Private Limited | 24.91% | +9.55 pp |
| Synergy Industrials,Metals And Power Holdings Ltd FPI fund | 12.74% | unchanged |
| Gmr Enterprises Private Limited | 10.18% | −9.55 pp |
| Gmr Business And Consultancy Llp | 9.80% | unchanged |
| Gram Limited | 4.56% | unchanged |
| Credit Solutions India Trust AIF | 3.71% | unchanged |
| Authum Investment And Infrastructure Limited NBFC / DFI | 2.08% | newly disclosed |
| M.Prasad & Co Limited | 1.80% | +0.56 pp |
| Winro Commercial (India) Ltd | 1.20% | unchanged |
| Hyderabad Jabilli Properties Private Limited | 0.74% | unchanged |
| Gmr Infra Ventures Llp | 0.40% | unchanged |
| Varalakshmi Enterprises Llp | 0.09% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse GMR Urban
Guides on how to read this kind of business and the numbers that matter.