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 ₹ 5,644 Cr.
- Current Price ₹ 85.0
- High / Low ₹ 94.0 / 84.0
- Stock P/E 630
- Book Value ₹ 20.9
- Dividend Yield 4.80 %
- ROCE 4.20 %
- ROE 0.46 %
- Face Value ₹ 100
Pros
Cons
- Stock is trading at 4.06 times its book value
- Company has low interest coverage ratio.
- Tax rate seems low
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 28 | 2,407 | 1,792 | 2,592 | 2,744 | 3,666 | 4,007 | |
| 69 | 1,165 | 811 | 628 | 697 | 1,480 | 2,587 | |
| Operating Profit | -42 | 1,242 | 980 | 1,964 | 2,047 | 2,186 | 1,419 |
| OPM % | -149% | 52% | 55% | 76% | 75% | 60% | 35% |
| 5 | 37 | 32 | 41 | 45 | 161 | 29 | |
| Interest | 15 | 675 | 586 | 590 | 591 | 607 | 517 |
| Depreciation | 21 | 835 | 852 | 864 | 953 | 917 | 921 |
| Profit before tax | -72 | -231 | -425 | 551 | 547 | 823 | 10 |
| Tax % | 32% | -9% | 0% | 0% | 0% | 0% | 10% |
| -95 | -209 | -427 | 549 | 546 | 822 | 9 | |
| EPS in Rs | -1.43 | -3.15 | -6.43 | 8.27 | 8.22 | 12.38 | 0.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 16% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | -74% |
| TTM: | -99% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 18% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6,640 | 6,045 | 5,581 | 5,158 | 4,708 | 4,228 | 3,740 |
| Reserves | -95 | -765 | -1,853 | -1,983 | -2,035 | -1,706 | -2,350 |
| 10,383 | 10,472 | 10,468 | 6,473 | 6,475 | 6,479 | 6,604 | |
| 477 | 1,263 | 2,171 | 6,137 | 5,770 | 5,682 | 5,666 | |
| Total Liabilities | 17,405 | 17,014 | 16,367 | 15,784 | 14,919 | 14,684 | 13,660 |
| 16,881 | 16,082 | 15,297 | 14,456 | 13,583 | 12,709 | 11,773 | |
| CWIP | 9 | 13 | 27 | 72 | 37 | 50 | 42 |
| Investments | 2 | 303 | 441 | 595 | 20 | 415 | 230 |
| 513 | 616 | 601 | 661 | 1,279 | 1,510 | 1,615 | |
| Total Assets | 17,405 | 17,014 | 16,367 | 15,784 | 14,919 | 14,684 | 13,660 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -77 | 1,870 | 2,046 | 1,875 | 1,600 | 2,079 | 1,182 | |
| -16,845 | -293 | -221 | -326 | 416 | -295 | 422 | |
| 17,010 | -1,651 | -1,748 | -1,639 | -1,628 | -1,570 | -1,560 | |
| Net Cash Flow | 88 | -74 | 77 | -90 | 388 | 213 | 44 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 1,889 | 17 | 25 | 16 | 19 | 20 | 17 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 1,889 | 17 | 25 | 16 | 19 | 20 | 17 |
| Working Capital Days | 259 | -15 | -143 | -158 | -155 | -94 | -45 |
| ROCE % | 3% | 1% | 8% | 8% | 11% | 4% |
Documents
Announcements
-
Reg 21: Disclosure of valuation report received by the manager
1d - Annual valuation report for Energy Infrastructure Trust's pipeline asset valued at INR 1,24,440 million as of March 31, 2025.
-
Reg 23(5)(i): Disclosure of material issue
2d - Energy Infrastructure Trust FY25 audited results, NAV Rs.88.35/unit, distributions declared, credit ratings affirmed.
-
Reg 23(5)(i): Disclosure of material issue
13 May - Board meeting on May 19 to approve FY25 audited financial results; trading window closed from April 1.
-
Reg 23(5)(i): Disclosure of material issue
22 Apr - CARE reaffirms Energy Infrastructure Trust's issuer rating at CARE AAA; Stable on April 21, 2025.
-
Reg 26K: Quarterly Compliance Report on Corporate governance
19 Apr - Quarterly corporate governance compliance report filed for Energy Infrastructure Trust for quarter/FY ended March 31, 2025.
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