Capital Infra Trust
Incorporated in 2023, Capital Infra Trust is registered as an irrevocable trust and as an InvIT[1]
- Market Cap ₹ 2,626 Cr.
- Current Price ₹ 73.2
- High / Low ₹ 110 / 70.8
- Stock P/E 3.89
- Book Value ₹ 67.3
- Dividend Yield 9.36 %
- ROCE 16.8 %
- ROE 32.5 %
- Face Value ₹ 99.0
Pros
- Stock is trading at 1.09 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
- Promoter holding has increased by 7.86% over last quarter.
Cons
- Tax rate seems low
- 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1,908 | 2,027 | 1,466 | 404 | |
| 1,718 | 1,693 | 1,002 | 17 | |
| Operating Profit | 190 | 333 | 463 | 387 |
| OPM % | 10% | 16% | 32% | 96% |
| 73 | 484 | -3 | -443 | |
| Interest | 95 | 152 | 285 | 21 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 168 | 665 | 175 | -77 |
| Tax % | 25% | 25% | 28% | 0% |
| 126 | 497 | 126 | -77 | |
| EPS in Rs | -2.79 | |||
| Dividend Payout % | 0% | 7% | 0% | -936% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -40% |
| TTM: | -72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| TTM: | 167% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 313 | 337 | 0.00 | 2,691 | 2,691 |
| Reserves | 184 | 647 | 0 | -427 | -838 |
| 1,632 | 2,657 | 0 | 2,363 | 2,339 | |
| 374 | 643 | 0 | 55 | 34 | |
| Total Liabilities | 2,503 | 4,283 | 0 | 4,682 | 4,227 |
| 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 14 | 0 | 0 | 1,207 | 894 |
| 2,489 | 4,283 | 0 | 3,476 | 3,332 | |
| Total Assets | 2,503 | 4,283 | 0 | 4,682 | 4,227 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -667 | -510 | 0 | 15 | |
| -52 | -386 | 0 | -3,068 | |
| 746 | 880 | 0 | 3,054 | |
| Net Cash Flow | 28 | -17 | 0 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 4 | 20 | 0 | 0 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 4 | 20 | 0 | 0 |
| Working Capital Days | 83 | 61 | 0 | 42 |
| ROCE % | 12% | 26% | 17% |
Documents
Announcements
-
Reg 26K: Quarterly Compliance Report on Corporate governance
20 Jan - Capital Infra Trust quarterly corporate governance compliance report for quarter ended December 31, 2025.
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Investor Complaints
14 Jan - Investor complaints: 4 received, 3 disposed, 1 pending for quarter ended Dec 31, 2025.
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Unit Holding Pattern
12 Jan - Quarterly unitholding pattern as of Dec 31, 2025: 49,15,51,733 units; Sponsor 32.40%, Public 67.60%.
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Reg 23(5)(i): Disclosure of material issue
31 Dec - Capital Infra Trust trading window closed from Jan 1, 2026 until 48 hours after Q4 2025 results declaration.
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Unitholding pattern post capital restructuring
29 Dec - Allotment of 17,28,90,733 units via Institutional Placement; total outstanding 49,15,51,733 units as on 19-12-2025.
Annual reports
No data available.
Concalls
-
Nov 2025Transcript PPT REC
Business Overview:[1]
CIT (erstwhile National Infrastructure Trust) is an InvIT in strategic investments in Infrastructure projects mainly national highways (NHAI) through acquisition from Sponsors and 3rd parties.
InvIT was listed on NSE and BSE platform on January 17, 2025.[2]