Estimated time of debt departure: Unclear

The uncertainties around its power and airport businesses have kept GVK from soaring

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You would expect the company that runs two of India’s busiest airports to be an investors’ darling. But that’s not quite how it is for GVK Power & Infrastructure. From trading around ₹40 a couple of years ago, the company’s stock is down to ₹13 now. On their part, investors have had good reason to be spooked. The company has been posting a net loss since Q3FY12. For the latest quarter for which financials are available, GVK reported a net loss of ₹43.66 crore. Adding to the company’s woes is a gross consolidated debt of around ₹15,000 crore which translates to an interest outgo of over ₹700 crore every year.