Data Infrastructure Trust
Data Infrastructure Trust is enaged in the business to carry on the activities of an infrastructure investment trust, as permissible under the SEBI InvIT Regulations and to raise funds and making investments in accordance with the SEBI InvIT Regulations and Indenture of Trust.
- Market Cap ₹ 42,169 Cr.
- Current Price ₹ 162
- High / Low ₹ 162 / 100
- Stock P/E 37.7
- Book Value ₹ 51.4
- Dividend Yield %
- ROCE 7.90 %
- ROE 7.37 %
- Face Value ₹
Pros
Cons
- Stock is trading at 3.15 times its book value
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 4.45% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Investment Trusts Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 7,477 | 8,244 | 9,786 | 11,100 | 12,878 | |
| 4,620 | 5,209 | 6,330 | 6,864 | 8,037 | |
| Operating Profit | 2,856 | 3,035 | 3,456 | 4,236 | 4,841 |
| OPM % | 38% | 37% | 35% | 38% | 38% |
| 12 | 15 | 33 | 145 | 473 | |
| Interest | 3,204 | 2,077 | 1,612 | 2,082 | 2,500 |
| Depreciation | 1,778 | 1,956 | 1,330 | 1,506 | 1,705 |
| Profit before tax | -2,113 | -983 | 548 | 793 | 1,109 |
| Tax % | 0% | 0% | 0% | -0% | -1% |
| -2,113 | -983 | 547 | 797 | 1,119 | |
| EPS in Rs | -3.90 | 2.10 | 3.06 | 4.30 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0 | 25,215 | 26,115 | 26,115 | 26,102 |
| Reserves | -1,028 | -5,122 | -6,849 | -9,129 | -12,732 |
| Preference Capital | 0 | 13 | 14 | 15 | |
| 26,934 | 18,172 | 21,979 | 29,629 | 31,367 | |
| 18,189 | 3,181 | 4,413 | 4,716 | 4,922 | |
| Total Liabilities | 44,096 | 41,446 | 45,658 | 51,331 | 49,658 |
| 38,738 | 38,031 | 42,019 | 42,106 | 45,674 | |
| CWIP | 0 | 2 | 54 | 49 | 52 |
| Investments | 0 | 0 | 137 | 0 | 0 |
| 5,358 | 3,413 | 3,449 | 9,175 | 3,932 | |
| Total Assets | 44,096 | 41,446 | 45,658 | 51,331 | 49,658 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 3,006 | 271 | 3,209 | 4,356 | 5,832 | |
| -8,438 | -11,161 | -3,893 | -6,995 | -294 | |
| 5,477 | 11,848 | 297 | 2,596 | -5,467 | |
| Net Cash Flow | 46 | 959 | -387 | -43 | 70 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 2 | 6 | 3 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 1 | 1 | 2 | 6 | 3 |
| Working Capital Days | -706 | -8 | -20 | -8 | 7 |
| ROCE % | 3% | 5% | 6% |
History
DIT, formerly known as Tower Infrastructure Trust, was originally incorporated by Reliance Industrial Investments and Holdings in FY19, as a trust. In FY20, BIF IV Jarvis India Pte Ltd became sponsor to the InvIT by subscribing to 89.79% of the InvIT units. Post this, the InvIT acquired a 100% equity stake in SDIL. The units of the InvIT got listed on the Bombay Stock Exchange (BSE) w.e.f. Sep,20. In Oct,21, the name of the trust was changed to Data Infrastructure Trust. The trustee is Axis Trustee Services Ltd. Brookfield India Infrastructure Manager Pvt Ltd (BIIMPL) is the investment manager of the trust. SDIL is Data InvIT’s first investment and is engaged in the business of operating and managing the tower assets which have been transferred to it from RJIL. In March 2022, Data InvIT acquired Crest, a leading indoor coverage solutions provider in India, for a consideration of around Rs 900 crore.[1]