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 ₹ 3,196 Cr.
- Current Price ₹ 125
- High / Low ₹ 130 / 108
- Stock P/E 2,780
- Book Value ₹ 79.6
- Dividend Yield 10.3 %
- ROCE 3.34 %
- ROE 0.06 %
- Face Value ₹ 117
Pros
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -20.8%
- Promoter holding is low: 23.2%
- Company has a low return on equity of -1.27% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 94 | 243 | 257 | 470 | |
| 15 | 29 | 34 | 85 | |
| Operating Profit | 79 | 213 | 223 | 385 |
| OPM % | 84% | 88% | 87% | 82% |
| 6 | 9 | 11 | 8 | |
| Interest | 44 | 64 | 75 | 186 |
| Depreciation | 77 | 187 | 174 | 216 |
| Profit before tax | -36 | -28 | -16 | -9 |
| Tax % | -11% | 5% | 4% | -113% |
| -32 | -30 | -16 | 1 | |
| EPS in Rs | -2.02 | -1.88 | -0.83 | 0.04 |
| Dividend Payout % | -118% | -129% | -295% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| TTM: | 83% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | 105% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 1,562 | 1,562 | 1,957 | 2,652 |
| Reserves | -52 | -236 | -407 | -617 |
| 742 | 744 | 1,916 | 5,044 | |
| 73 | 22 | 85 | 241 | |
| Total Liabilities | 2,326 | 2,093 | 3,552 | 7,319 |
| 2,098 | 1,912 | 3,265 | 6,022 | |
| CWIP | 0 | 0 | 0 | 9 |
| Investments | 131 | 68 | 81 | 207 |
| 97 | 113 | 205 | 1,081 | |
| Total Assets | 2,326 | 2,093 | 3,552 | 7,319 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 88 | 163 | 240 | 425 | |
| -1,492 | 69 | -1,527 | -3,203 | |
| 1,411 | -216 | 1,326 | 3,345 | |
| Net Cash Flow | 7 | 16 | 38 | 568 |
| Free Cash Flow | -1,257 | 161 | -1,287 | -2,479 |
| CFO/OP | 119% | 77% | 109% | 110% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 5 | 0 | 0 | 28 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 5 | 0 | 0 | 28 |
| Working Capital Days | -11 | 75 | -603 | -277 |
| ROCE % | 1% | 2% | 3% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Transmission Line Availability - DMTCL % ・Standalone data |
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| Transmission Line Availability - NRSS % ・Standalone data |
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| Solar Plant Load Factor (PLF) - AC % ・Standalone data |
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| Transmission Capacity (Network Length) ckt km |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
2d - Filed half-year related party transaction disclosure for period ended March 31, 2026.
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Reg 23(5)(i): Disclosure of material issue
22 May - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed; no current deviations reported.
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Reg 23(5)(i): Disclosure of material issue
22 May - Anzen reports nil deviation and full utilization of ₹4,012.65 million institutional placement proceeds by March 31, 2026.
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Reg 23(5)(i): Disclosure of material issue
22 May - Reported nil deviation in preferential issue proceeds; ₹6,823.24 million utilized, ₹141.19 million unutilized as of March 31, 2026.
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Reg 21: Disclosure of valuation report received by the manager
22 May - Submitted FY26 valuation report; NAV at ₹124.78 standalone and ₹124.78 consolidated per unit.
Annual reports
No data available.
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptPPT
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Feb 2025TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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 ~8 years, Balance tenor ~27 years. The company has Right of First Offer (“ROFO”) on 12 solar projects : ~813 MWp.