Anantam Highways Trust
Anantam Highways Trust is an Indian infrastructure investment trust which
proposes to invest in road infrastructure
assets. The Trust is sponsored by
Alpha Alternatives Fund Advisors
LLP[1]
- Market Cap ₹ 2,271 Cr.
- Current Price ₹ 104
- High / Low ₹ 117 / 100
- Stock P/E 11.8
- Book Value ₹ 106
- Dividend Yield 2.39 %
- ROCE 13.7 %
- ROE 16.8 %
- Face Value ₹ 100
Pros
- Stock is trading at 0.98 times its book value
Cons
- Company has high debtors of 201 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 0 | 313 | |
| 0 | 43 | |
| Operating Profit | -0 | 270 |
| OPM % | 86% | |
| 0 | 35 | |
| Interest | 0 | 91 |
| Depreciation | 0 | 0 |
| Profit before tax | -0 | 214 |
| Tax % | 0% | 9% |
| -0 | 196 | |
| EPS in Rs | 8.99 | |
| Dividend Payout % | 0% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 385960% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 0.00 | 2,175 |
| Reserves | -0 | 129 |
| 0 | 2,101 | |
| 0 | 259 | |
| Total Liabilities | 0 | 4,664 |
| 0 | 2 | |
| CWIP | 0 | 0 |
| Investments | 0 | 0 |
| 0 | 4,662 | |
| Total Assets | 0 | 4,664 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 0 | 487 | |
| 0 | 196 | |
| 0 | -491 | |
| Net Cash Flow | 0 | 192 |
| Free Cash Flow | 0 | 487 |
| CFO/OP | 0% | 181% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 201 | |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 201 | |
| Working Capital Days | 362 | |
| ROCE % | 14% |
Insights
In beta| Dec 2024 | Sep 2026 (P) | |
|---|---|---|
| Number of Operational HAM Assets/SPVs count |
|
|
| Cumulative Annuities Received from NHAI count |
||
| Number of States/UTs of Operation count |
||
| Total Project Length km |
||
| Weighted Average Residual Concession Life years |
||
Extracted by Screener AI
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
3 Jul - Postal ballot seeks unitholder approval for acquisitions worth up to ₹1,726.49 crore and preferential unit issue; e-voting Jul 4-25.
-
Reg 23(5)(i): Disclosure of material issue
3 Jul - Board approved acquisition of seven highway assets up to ₹1,893.72 crore and preferential unit issue up to ₹1,726.49 crore.
-
Reg 23(5)(i): Disclosure of material issue
1 Jul - First Annual Meeting on July 24, 2026; annual report, auditor, valuer and borrowing approvals sought.
-
Reg 23(5)(g): Notice of Unitholder meetings
30 Jun - First AGM on July 24, 2026 to adopt FY26 results, appoint auditor/valuer, and approve 49% borrowings.
-
Reg 23(5)(i): Disclosure of material issue
30 Jun - Trading window closes from July 1, 2026 until 48 hours after Q1 FY27 unaudited results.
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT REC
About Trust[1]
Anantam Highways Trust (AHT) is registered as an irrevocable trust under the Indian Trust Act, 1882, and as an InvIT under the SEBI. Alpha Alternatives Fund-Infra Advisors Private Limited is the investment manager of the InvIT and Alpha Alternatives Fund Advisors LLP is the sponsor.The InvIT listed its units on the NSE and the BSE on October 16, 2025.