Anzen India Energy Yield Plus Trust
Anzen India Energy Yield Plus Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial AuM of over INR 2,300 cr. The Trust would be looking to invest in a diversified portfolio of energy assets including transmission lines and renewable power projects to provide long term predictable yield and growth to its investors.
- Market Cap ₹ 1,595 Cr.
- Current Price ₹ 101
- High / Low ₹ 103 / 100
- Stock P/E
- Book Value ₹ 84.0
- Dividend Yield %
- ROCE 1.33 %
- ROE -2.57 %
- Face Value ₹
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.42%
- Working capital days have increased from 32.2 days to 75.6 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
Sector: Power Infrastructure Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 94 | 243 | |
| 15 | 29 | |
| Operating Profit | 79 | 213 |
| OPM % | 84% | 88% |
| 6 | 9 | |
| Interest | 44 | 64 |
| Depreciation | 77 | 187 |
| Profit before tax | -36 | -28 |
| Tax % | -11% | 5% |
| -32 | -30 | |
| EPS in Rs | -2.02 | -1.88 |
| Dividend Payout % | -118% | -129% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 159% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Equity Capital | 1,562 | 1,562 |
| Reserves | -52 | -236 |
| 742 | 744 | |
| 73 | 22 | |
| Total Liabilities | 2,326 | 2,093 |
| 2,098 | 1,912 | |
| CWIP | 0 | 0 |
| Investments | 131 | 68 |
| 97 | 113 | |
| Total Assets | 2,326 | 2,093 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 88 | 163 | |
| -1,492 | 69 | |
| 1,411 | -216 | |
| Net Cash Flow | 7 | 16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 5 | 0 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 5 | 0 |
| Working Capital Days | -11 | 76 |
| ROCE % | 1% |
Overview[1]
Anzen builds high-quality portfolio of energy assets in India. It is focused on generating total returns through long term predictable yield & value accretive growth. It is managed by Edelweiss Real Assets Managers, part of the Edelweiss Alternatives business. The company has a mature operating asset portfolio of 2 transmission projects : Operating history ~6 years, Balance tenor ~29 years. The company has Right of First Offer (“ROFO”) on 12 solar projects : ~813 MWp.