Citius Transnet Investment Trust
Citius TransNet InvIT is a transport sector-focused infrastructure investment trust established with an objective to acquire,
manage and invest in portfolio of transport infrastructure assets including roads in India.
It is registered with SEBI as an InvIT on 1st
Aug 2025. The units of the Trust are listed
on NSE and BSE since 29th Apr 2026.[1][2]
- Market Cap ₹ 6,644 Cr.
- Current Price ₹ 109
- High / Low ₹ 112 / 102
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -0.10 %
- ROE %
- Face Value ₹ 100
Pros
Cons
- Company has low interest coverage ratio.
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1,773.52 | 1,873.17 | 1,987.05 | 0.00 | |
| 801.13 | 778.74 | 730.64 | 3.15 | |
| Operating Profit | 972.39 | 1,094.43 | 1,256.41 | -3.15 |
| OPM % | 54.83% | 58.43% | 63.23% | |
| 111.78 | 164.97 | 178.54 | 0.00 | |
| Interest | 1,008.51 | 1,305.33 | 1,150.64 | 0.00 |
| Depreciation | 709.49 | 692.22 | 699.84 | 0.00 |
| Profit before tax | -633.83 | -738.15 | -415.53 | -3.15 |
| Tax % | 3.18% | 4.87% | 0.53% | 0.00% |
| -654.01 | -774.12 | -417.75 | -3.15 | |
| EPS in Rs | ||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| TTM: | 99% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 762.91 | 678.92 | 49.33 | |
| Reserves | -1,246.53 | -1,896.34 | -3,823.79 | |
| 6,256.99 | 6,256.33 | 6,788.12 | ||
| 5,623.58 | 5,268.98 | 5,357.38 | ||
| Total Liabilities | 11,396.95 | 10,307.89 | 8,371.04 | |
| 7,069.97 | 6,457.19 | 5,688.21 | ||
| CWIP | 0.19 | 3.50 | 4.52 | |
| Investments | 558.21 | 419.80 | 754.83 | |
| 3,768.58 | 3,427.40 | 1,923.48 | ||
| Total Assets | 11,396.95 | 10,307.89 | 8,371.04 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 907.93 | 939.25 | 1,044.95 | -1.00 | |
| -53.23 | 1,071.11 | -2,385.17 | 0.00 | |
| -658.56 | -1,097.17 | 185.44 | 0.00 | |
| Net Cash Flow | 196.14 | 913.20 | -1,154.79 | -1.00 |
| Free Cash Flow | 848.83 | 798.44 | 1,120.28 | -1.00 |
| CFO/OP | 95% | 90% | 83% | 32% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 8.11 | 4.45 | 4.11 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 8.11 | 4.45 | 4.11 | |
| Working Capital Days | -313.85 | -423.27 | -628.35 | |
| ROCE % | 9.76% | 17.20% |
Insights
In beta| Mar 2025 | Apr 2026 | |
|---|---|---|
| Consolidated toll collection growth (toll portfolio) % YoY |
|
|
| Consolidated traffic growth (toll portfolio) % YoY |
||
| Annuity portfolio lane kilometers lane-km |
||
| Commercial vehicle share of traffic (PCU) % |
||
| Cumulative annuities received count |
||
| Number of annuity projects in portfolio count |
||
| Number of toll projects in portfolio count |
||
| Toll portfolio lane kilometers lane-km |
||
Extracted by Screener AI
Documents
Announcements
-
Reg 23(5)(g): Outcome of Unitholder meetings
2d - Scrutinizer’s report for 1st Annual Meeting on July 27, 2026; resolutions approved by requisite majority.
-
Reg 23(5)(g): Outcome of Unitholder meetings
27 Jul - Citius held its 1st Annual Meeting on July 27, 2026; approved financials, valuer appointment and statutory auditor item.
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Reg 23(5)(i): Disclosure of material issue
27 Jul - Amit Agarwal appointed additional director; Subahoo Chordia resigned on July 27, 2026.
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Reg 23(5)(g): Notice of Unitholder meetings
22 Jul - Addendum to July 27, 2026 AGM notice discloses valuer fee up to ₹33.85 lakh and auditor fee up to ₹1.215 crore.
-
Reg 23(5)(i): Disclosure of material issue
21 Jul - Pravin Karambelkar resigned as Compliance Officer and Company Secretary, effective close of business July 20, 2026.
Annual reports
No data available.
Business Model & Portfolio:[1][2]
Citius TransNet is a roads focused Infra
structure Investment Trust comprising
10 mature operating highway assets
which includes 7 toll roads and 3 annuity
roads spread across nine states, aggregating 3,406.71 lane-km. 9 assets are held through HoldCos, while Thrissur Expressway is held directly.
Toll assets earn traffic-linked revenue, whereas the annuity portfolio receives predetermined payments from NHAI/MoRTH and carries no direct traffic risk. The portfolio is deliberately weighted towards operational assets rather
than greenfield construction. The seven toll
roads have an average operating history of approximately 10.4 years, reducing construction and initial traffic-ramp-up risk