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 ₹ 5,178 Cr.
- Current Price ₹ 78.0
- High / Low ₹ 102 / 75.0
- Stock P/E 11.7
- Book Value ₹ 78.8
- Dividend Yield 24.6 %
- ROCE 8.06 %
- ROE 8.05 %
- 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 24.6%.
- Company has been maintaining a healthy dividend payout of 122%
Cons
- Tax rate seems low
- Company has a low return on equity of 13.4% over last 3 years.
- Working capital days have increased from 172 days to 345 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 31 | 2,482 | 792 | 598 | 94 | 1,109 | 848 | 486 | |
| 83 | 26 | 18 | 21 | 9 | 13 | 27 | 43 | |
| Operating Profit | -52 | 2,456 | 775 | 577 | 85 | 1,096 | 821 | 444 |
| OPM % | -167% | 99% | 98% | 96% | 90% | 99% | 97% | 91% |
| 4 | 4 | 4 | 3 | -14 | -14 | 1 | 0 | |
| Interest | 15 | 119 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -62 | 2,341 | 778 | 580 | 71 | 1,081 | 822 | 444 |
| Tax % | 0% | 0% | 0% | 0% | 2% | 0% | 0% | 0% |
| -62 | 2,339 | 777 | 579 | 70 | 1,079 | 821 | 444 | |
| EPS in Rs | -0.94 | 35.23 | 11.70 | 8.72 | 1.05 | 16.25 | 12.36 | 6.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 139% | 226% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | 73% |
| TTM: | -43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | 74% |
| TTM: | -46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6,640 | 6,045 | 5,581 | 5,158 | 4,708 | 4,228 | 6,640 | 6,640 |
| Reserves | -62 | 1,816 | 1,887 | 1,831 | 1,304 | 1,890 | -841 | -1,410 |
| 6,370 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 98 | 52 | 60 | 74 | 85 | 121 | 116 | 143 | |
| Total Liabilities | 13,046 | 7,912 | 7,528 | 7,063 | 6,098 | 6,239 | 5,915 | 5,374 |
| 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 | 5,371 |
| 52 | 50 | 54 | 49 | 50 | 47 | 2 | 3 | |
| Total Assets | 13,046 | 7,912 | 7,528 | 7,063 | 6,098 | 6,239 | 5,915 | 5,374 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 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 | |
| Free Cash Flow | 8 | 627 | 707 | 628 | -12 | -14 | -12 | |
| CFO/OP | -15% | 26% | 91% | 109% | -12% | -1% | -1% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -375 | -0 | -1 | -2 | -6 | -8 | 178 | 345 |
| ROCE % | 24% | 10% | 8% | 1% | 18% | 14% | 8% |
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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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
22 May - Sponsor Rapid Holdings 2 sold 3,04,00,000 units on May 21, 2026; holding fell to 34.22%.
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Reg 23(5)(i): Disclosure of material issue
20 May - Submitted Annual Secretarial Compliance Report for FY ended March 31, 2026.
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Reg 23(5)(i): Disclosure of material issue
15 May - Energy Infrastructure Trust shared Q4 FY26 performance, tariff update, distributions, refinancing plans, and growth outlook.
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Reg 23(5)(i): Disclosure of material issue
13 May - FY2025-26 investor presentation covers EIT overview, financials, distributions, and growth outlook.
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Reg 21: Disclosure of valuation report received by the manager
13 May - Energy Infrastructure Trust filed FY2026 valuation report; NAV is Rs.80.14 per unit, SPV fair EV Rs.11,892 crore.
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