Maple Infrastructure Trust
Incorporated in 2019, Maple Infrastructure Trust invests in infrastructure assets in the Indian road sector and will hold road projects through special purpose vehicles[1]
- Market Cap ₹ 5,071 Cr.
- Current Price ₹ 144
- High / Low ₹ 144 / 120
- Stock P/E
- Book Value ₹
- Dividend Yield 1.49 %
- ROCE 2.70 %
- ROE -6.46 %
- Face Value ₹ 100
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -7.36% over last 3 years.
- Contingent liabilities of Rs.1,588 Cr.
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 210 | 197 | 211 | 0 | 319 | 726 | |
| 69 | 36 | 68 | 2 | 160 | 294 | |
| Operating Profit | 141 | 160 | 143 | -2 | 159 | 432 |
| OPM % | 67% | 81% | 68% | 50% | 59% | |
| 3 | 5 | 6 | 0 | 20 | 46 | |
| Interest | 127 | 142 | 140 | 0 | 210 | 419 |
| Depreciation | 30 | 31 | 33 | 0 | 119 | 261 |
| Profit before tax | -13 | -8 | -25 | -2 | -149 | -201 |
| Tax % | 0% | 0% | 0% | 0% | 3% | 5% |
| -13 | -8 | -25 | -2 | -153 | -211 | |
| EPS in Rs | -5.98 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 51% |
| TTM: | 128% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | -7% |
| Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 148 | 148 | 148 | 0.00 | 3,518 | 3,518 |
| Reserves | -54 | -62 | -87 | -4 | -157 | -368 |
| 1,203 | 1,225 | 1,210 | 0 | 4,820 | 4,789 | |
| 65 | 99 | 148 | 3 | 215 | 191 | |
| Total Liabilities | 1,362 | 1,409 | 1,419 | 0 | 8,396 | 8,131 |
| 949 | 918 | 885 | 0 | 7,619 | 7,369 | |
| CWIP | 312 | 334 | 366 | 0 | 1 | 0 |
| Investments | 18 | 45 | 31 | 0 | 34 | 0 |
| 84 | 113 | 136 | 0 | 741 | 762 | |
| Total Assets | 1,362 | 1,409 | 1,419 | 0 | 8,396 | 8,131 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 151 | 177 | 177 | -0 | 184 | 378 | |
| -70 | -71 | -45 | 0 | -6,658 | -275 | |
| -95 | -103 | -125 | 0 | 6,858 | -436 | |
| Net Cash Flow | -14 | 4 | 6 | 0 | 384 | -334 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 0 | 1 | 2 | 1 | |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1 | 0 | 1 | 2 | 1 | |
| Working Capital Days | -55 | -95 | -246 | -194 | -56 | |
| ROCE % | 10% | 9% | -0% | 1% | 3% |
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
27 May - Annual Secretarial Compliance Report for Maple Infrastructure Trust FY ended March 31, 2025, confirming regulatory compliance.
-
Reg 18(6): Disclosure of record date for purpose of distribution
21 May - Audited FY25 results approved; Rs.2.1366/unit distribution declared; NAV Rs.145.6; valuers and auditors appointed.
-
Reg 23(5)(i): Disclosure of material issue
21 May - Maple Infra InvIT files half-year deviation statement for period ending March 31, 2025.
-
Reg 21: Disclosure of valuation report received by the manager
21 May - Maple Infra Trust's assets valued; NAV per unit INR 145.6 as of March 31, 2025.
-
Reg 23(5)(i): Disclosure of material issue
21 May - Audited FY25 results approved; Rs.2.1366/unit distribution declared; NAV Rs.145.6; auditor and valuer appointments.
Annual reports
No data available.
Business Overview:[1][2]
MIT is an irrevocable trust established under the Indian Trusts Act and sponsored by Maple Highways Pte. Ltd (a subsidiary of a Canadian Pension Fund). The Trust’s primary objective is
to invest in and operate infrastructure projects in India. It raises capital from investors and uses it to acquire, manage, transfer infrastructure projects.
Company is a long-term institutional platform which owns and operates road assets in India. Currently, its portfolio consists of 2 road assets