Energy Infrastructure Trust
Incorporated in 2018, Energy Infrastructure
Trust is registered as a contributory irrevocable trust set up under the Indian Trusts Act, and registered as an infrastructure investment
trust under SEBI[1]
- Market Cap ₹ 5,524 Cr.
- Current Price ₹ 83.2
- High / Low ₹ 102 / 79.0
- Stock P/E 5.92
- Book Value ₹ 83.8
- Dividend Yield 18.4 %
- ROCE 13.8 %
- ROE 13.8 %
- Face Value ₹ 100
Pros
- Company is almost debt free.
- Stock is trading at 0.99 times its book value
- Stock is providing a good dividend yield of 18.3%.
Cons
- The company has delivered a poor sales growth of -19.3% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.8% over last 3 years.
- Working capital days have increased from 54.8 days to 178 days
* 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
Energy Oil, Gas & Consumable Fuels Gas Gas Transmission/Marketing
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 31 | 2,482 | 792 | 598 | 94 | 1,109 | 848 | |
| 83 | 26 | 18 | 21 | 9 | 13 | 27 | |
| Operating Profit | -52 | 2,456 | 775 | 577 | 85 | 1,096 | 821 |
| OPM % | -167% | 99% | 98% | 96% | 90% | 99% | 97% |
| 4 | 4 | 4 | 3 | -14 | -14 | 1 | |
| Interest | 15 | 119 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -62 | 2,341 | 778 | 580 | 71 | 1,081 | 822 |
| Tax % | 0% | 0% | 0% | 0% | 2% | 0% | 0% |
| -62 | 2,339 | 777 | 579 | 70 | 1,079 | 821 | |
| EPS in Rs | -0.94 | 35.23 | 11.70 | 8.72 | 1.05 | 16.25 | 12.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 139% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | 12% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | 12% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6,640 | 6,045 | 5,581 | 5,158 | 4,708 | 4,228 | 3,740 | 3,472 |
| Reserves | -62 | 1,816 | 1,887 | 1,831 | 1,304 | 1,890 | 2,059 | 2,096 |
| 6,370 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 98 | 52 | 60 | 74 | 85 | 121 | 116 | 134 | |
| Total Liabilities | 13,046 | 7,912 | 7,528 | 7,063 | 6,098 | 6,239 | 5,915 | 5,701 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 12,993 | 7,862 | 7,474 | 7,014 | 6,048 | 6,193 | 5,913 | 5,699 |
| 52 | 50 | 54 | 49 | 50 | 47 | 2 | 2 | |
| Total Assets | 13,046 | 7,912 | 7,528 | 7,063 | 6,098 | 6,239 | 5,915 | 5,701 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 8 | 627 | 707 | 628 | -12 | -14 | -12 | |
| -12,993 | 6,908 | 463 | 429 | 1,058 | 987 | 1,153 | |
| 13,010 | -7,559 | -1,170 | -1,057 | -1,047 | -973 | -1,141 | |
| Net Cash Flow | 25 | -24 | 0 | -0 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -375 | -0 | -1 | -2 | -6 | -8 | 178 |
| ROCE % | 24% | 10% | 8% | 1% | 18% | 14% |
Insights
In beta| Mar 2011 | Mar 2012 | Mar 2014 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gas Transportation Volumes MMSCMD |
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| Pipeline Capacity Utilization % |
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| Declared Pipeline Capacity MMSCMD |
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| Number of Customers (GTAs) Count |
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| Pipeline Availability % |
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Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
6 Feb - Board approved unaudited standalone and consolidated Q3/9M FY26 results (Dec 31, 2025); NDCF nine months ₹806.24 crore; distributions ₹801.23 crore.
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Reg 23(5)(i): Disclosure of material issue
30 Jan - Board meeting Feb 6, 2026 to approve unaudited results for quarter and nine months ended Dec 31, 2025.
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Reg 26K: Quarterly Compliance Report on Corporate governance
20 Jan - Submitted quarterly corporate governance compliance report for Energy Infrastructure Trust for quarter ended 31-Dec-2025, filed Jan 20, 2026.
-
Unit Holding Pattern
19 Jan - Unitholding pattern as on December 31, 2025: total units 664,000,000; sponsor holds 278,200,000 (41.90%).
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Investor Complaints
19 Jan - Submitted investor complaints statement for quarter ended December 31, 2025; zero complaints; filed on BSE and posted online.
Business Overview:[1]
a) EIT (formerly known as India Infrastructure Trust) is an infrastructure investment trust, InvIT). It owns the entire stake in Pipeline Infrastructure Ltd, a special purpose vehicle, which took over the East-West Pipeline from Reliance Industries Holdings Pvt Ltd. on a going concern basis
b) It is promoted by an indirect subsidiary
of Brookfield Corporation (BN), i.e. Rapid
Holdings 2 Pte Ltd (sponsor).
c) EnCap Investment Manager Pvt Ltd (erstwhile Brookfield India Infrastructure Manager Pvt Ltd.) is the Investment Manager.
d) O&M contractor is a 50:50 JV of the sponsor and Reliance group.
e) IDBI Trusteeship Services Ltd is the debenture trustee