GMR Power and Urban Infra (NSE:GMRP&UI) Intrinsic Value: DCF (Earnings Based): ₹80.32 (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:GMRP&UI GMR Power and Urban Infra Ltd NSE:GMRP&UI
72 GF Score
Price ₹92.43
GF Value ₹115.08
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is GMR Power and Urban Infra Intrinsic Value: DCF (Earnings Based)?

GMR Power and Urban Infra NSE:GMRP&UI +0.20% 72 Intrinsic Value: DCF (Earnings Based) is ₹80.32 as of Sep. 22, 2026. GuruFocus rates NSE:GMRP&UI with a GF Score™ of 72/100 and a GF Value™ of ₹115.08 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 11 Other Energy Sources companies, GMR Power and Urban Infra ranks worse than 9090900% on this metric.

As of today (2026-09-22), GMR Power and Urban Infra's intrinsic value calculated from the Discounted Earnings model is ₹80.32.

Note: Discounted Earnings model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's predictability rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

GMR Power and Urban Infra's Predictability Rank is Not Rated. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety (Earnings Based) using Discounted Earnings model for GMR Power and Urban Infra is -15.08%.

The historical rank and industry rank for GMR Power and Urban Infra's Intrinsic Value: DCF (Earnings Based) or its related term are showing as below:

NSE:GMRP&UI's Price-to-DCF (Earnings Based) is not ranked *
in the Other Energy Sources industry.
Industry Median: 0.43
* Ranked among companies with meaningful Price-to-DCF (Earnings Based) only.

GMR Power and Urban Infra  (NSE:GMRP&UI) Intrinsic Value: DCF (Earnings Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book Value per Share, Graham Number, Median Ratio etc, discounted Cash Flow model evaluates the companies based on their future earnings power instead of their assets.


Be Aware

What you need to know about Discounted Earnings model:

1. The Discounted Earnings model evaluates a company based on its future earnings power
2. Growth is taken into account; therefore a faster growth company is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies that are relatively consistent performers.
4. The Discounted Earnings model works poorly for inconsistent performers like cyclicals.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less predictable businesses.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


GMR Power and Urban Infra Intrinsic Value: DCF (Earnings Based) Related Terms


GMR Power and Urban Infra Intrinsic Value: DCF (Earnings Based) Historical Data

* Premium members only.

The historical data trend for GMR Power and Urban Infra's Intrinsic Value: DCF (Earnings Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GMR Power and Urban Infra Intrinsic Value: DCF (Earnings Based) Chart

GMR Power and Urban Infra Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: DCF (Earnings Based)
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GMR Power and Urban Infra Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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GMR Power and Urban Infra Intrinsic Value: DCF (Earnings Based) Competitor Comparison

For the Thermal Coal subindustry, GMR Power and Urban Infra's Price-to-DCF (Earnings Based), along with its competitors' market caps and Price-to-DCF (Earnings Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GMR Power and Urban Infra Price-to-DCF (Earnings Based) vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, GMR Power and Urban Infra's Price-to-DCF (Earnings Based) distribution charts can be found below:

* The bar in red indicates where GMR Power and Urban Infra's Price-to-DCF (Earnings Based) falls into.


NSE:GMRP&UI
72GF Score
GMR Power and Urban Infra Ltd NSE:GMRP&UI
Intrinsic Value: DCF (Earnings Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMR Power and Urban Infra Intrinsic Value: DCF (Earnings Based) Calculation

This is the intrinsic value calculated from the Discounted Earnings model with default parameters. The calculation method is the same as Discounted Cash Flow model except earnings are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DCF calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 13%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 6.78%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Growth Rate in the growth stage: g1 = 5%
The Growth Rate in the growth stage is initially set as the default 10-Year EPS without NRI Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year EPS without NRI Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year EPS without NRI Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> GMR Power and Urban Infra's average EPS without NRI Growth Rate in the past 3 years was 0.00%, which is less than 5%. GuruFocus defaults => Growth Rate: 5%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Years of Terminal Growth: y2 = 10

6. EPS without NRI: eps without nri = ₹8.069.
GuruFocus DCF calculator is actually a Discounted Earnings calculator, EPS without NRI is used as the default. The reason we are doing this is we found that historically stock prices are more correlated with earnings than free cash flow.

All of the default settings can be changed and the results are calculated automatically.

GMR Power and Urban Infra's Intrinsic Value: DCF (Earnings Based) for today is calculated as:

Intrinsic Value: DCF (Earnings Based)=EPS without NRI*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.05)/(1+0.13) = 0.92920353982301
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.13) = 0.92035398230089

Intrinsic Value: DCF (Earnings Based)=EPS without NRI*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=EPS without NRI*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=8.069*9.9539
=80.32

Margin of Safety % (DCF Earnings Based)=(Intrinsic Value: DCF (Earnings Based)-Current Price)/Intrinsic Value: DCF (Earnings Based)
=(80.32-92.43)/80.32
=-15.08 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Earnings Based) of ₹80.32 mean?
GMR Power and Urban Infra (NSE:GMRP&UI) has a Intrinsic Value: DCF (Earnings Based) of ₹80.32 as of Sep. 22, 2026. Intrinsic Value: DCF (Earnings Based) is the stock value based on a two-stage discounted earnings model. View historical data on GMR Power and Urban Infra and its competitors. According to the industry distribution chart, GMR Power and Urban Infra ranks #999999 out of 11 companies in the Other Energy Sources industry.
Is GMR Power and Urban Infra's Intrinsic Value: DCF (Earnings Based) too high?
GMR Power and Urban Infra's current Intrinsic Value: DCF (Earnings Based) is ₹80.32. Based on the distribution chart, GMR Power and Urban Infra ranks #999999 out of 11 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, GMR Power and Urban Infra has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GMR Power and Urban Infra's Intrinsic Value: DCF (Earnings Based) compare to competitors?
According to the Other Energy Sources industry distribution chart, GMR Power and Urban Infra ranks #999999 out of 11 companies for Intrinsic Value: DCF (Earnings Based). This places GMR Power and Urban Infra in the lower half of its industry. The industry median Intrinsic Value: DCF (Earnings Based) is 0.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Earnings Based) for an Other Energy Sources company?
The median Intrinsic Value: DCF (Earnings Based) among Other Energy Sources companies is 0.43, based on 11 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Earnings Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Earnings Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Earnings Based) mean?
A high Intrinsic Value: DCF (Earnings Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Earnings Based) is the stock value based on a two-stage discounted earnings model. View historical data on GMR Power and Urban Infra and its competitors. For the Other Energy Sources industry, the median Intrinsic Value: DCF (Earnings Based) is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GMR Power and Urban Infra's current Intrinsic Value: DCF (Earnings Based) is ₹80.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMR Power and Urban Infra stock overvalued right now?
Based on GuruFocus' analysis, GMR Power and Urban Infra (NSE:GMRP&UI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹115.08, compared to a current price of ₹92.43 — trading 19.7% below its estimated fair value. The current Intrinsic Value: DCF (Earnings Based) is ₹80.32. GMR Power and Urban Infra's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Earnings Based) calculated?
Intrinsic Value: DCF (Earnings Based) is calculated from a company's financial statements. For GMR Power and Urban Infra (NSE:GMRP&UI), the current Intrinsic Value: DCF (Earnings Based) is ₹80.32 as of Sep. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GMR Power and Urban Infra (NSE:GMRP&UI) Overvalued in 2026?

Based on GuruFocus' analysis, GMR Power and Urban Infra stock appears to be undervalued. The current stock price of ₹92.43 is trading 19.7% below its estimated GF Value™ of ₹115.08. GuruFocus considers GMR Power and Urban Infra to be Modestly Undervalued.

Key valuation signals for NSE:GMRP&UI:

  • Intrinsic Value: DCF (Earnings Based): ₹80.32
  • GF Value™: ₹115.08 vs. price of ₹92.43 (19.7% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the NSE:GMRP&UI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GMR Power and Urban Infra Business Description

Other Exchanges 543490:India
Address New Udaan Bhawan, Opposite Terminal 3, Indira Gandhi International Airport, Bandra East, New Delhi, IND, 110037
GMR Power and Urban Infra Ltd is an infrastructure development that has excelled in creating mega Infrastructure projects globally. The group owns, develops, operates, and manages airports, energy utilities, highways, and urban infrastructure facilities. The group has four reportable segments: Power, Roads, EPC, and Others. The prime source of revenue is the Power segment which involves the generation of power and provision of related services and exploration and mining activities.
72GF Score

Get the complete analysis for NSE:GMRP&UI

Intrinsic Value: DCF (Earnings Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹92.43
Price
₹115.08
GF Value