WEBULL

GMR Airports Limited's (NSE:GMRAIRPORT) market cap dropped ₹51b last week; Private companies bore the brunt

Simply Wall St · 2d ago

Key Insights

  • Significant control over GMR Airports by private companies implies that the general public has more power to influence management and governance-related decisions
  • 56% of the business is held by the top 2 shareholders
  • Institutions own 13% of GMR Airports

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To get a sense of who is truly in control of GMR Airports Limited (NSE:GMRAIRPORT), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 45% to be precise, is private companies. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

As market cap fell to ₹1.1t last week, private companies would have faced the highest losses than any other shareholder groups of the company.

Let's delve deeper into each type of owner of GMR Airports, beginning with the chart below.

View our latest analysis for GMR Airports

ownership-breakdown
NSEI:GMRAIRPORT Ownership Breakdown December 6th 2025

What Does The Institutional Ownership Tell Us About GMR Airports?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in GMR Airports. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see GMR Airports' historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
NSEI:GMRAIRPORT Earnings and Revenue Growth December 6th 2025

Hedge funds don't have many shares in GMR Airports. The company's largest shareholder is Aeroports de Paris SA, with ownership of 30%. Meanwhile, the second and third largest shareholders, hold 26% and 7.2%, of the shares outstanding, respectively.

To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of GMR Airports

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our data suggests that insiders own under 1% of GMR Airports Limited in their own names. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own ₹1.0b of stock. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

General Public Ownership

With a 12% ownership, the general public, mostly comprising of individual investors, have some degree of sway over GMR Airports. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

It seems that Private Companies own 45%, of the GMR Airports stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Public Company Ownership

It appears to us that public companies own 30% of GMR Airports. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand GMR Airports better, we need to consider many other factors. Be aware that GMR Airports is showing 1 warning sign in our investment analysis , you should know about...

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.