Cube Highways Trust
Incorporated in 2022, Cube Highways Trust
is registered with SEBI as an Infrastructure Investment Trust for roads assets[1]
- Market Cap ₹ 17,473 Cr.
- Current Price ₹ 130
- High / Low ₹ 134 / 119
- Stock P/E
- Book Value ₹ 85.7
- Dividend Yield 8.46 %
- ROCE 3.91 %
- ROE -0.68 %
- 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.
Peer comparison
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | 0 | 2,916 | 3,307 | |
| 28 | 28 | 1,705 | 1,073 | |
| Operating Profit | -28 | -28 | 1,211 | 2,234 |
| OPM % | 42% | 68% | ||
| 0 | 0 | 158 | 146 | |
| Interest | 0 | 0 | 873 | 1,117 |
| Depreciation | 0 | 0 | 1,183 | 1,313 |
| Profit before tax | -28 | -28 | -687 | -50 |
| Tax % | 0% | 0% | 3% | -29% |
| -28 | -28 | -706 | -36 | |
| EPS in Rs | -5.47 | -0.27 | ||
| Dividend Payout % | 0% | 0% | -207% | -4,223% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 14,477 | 13,718 |
| Reserves | -29 | -29 | -1,528 | -2,281 |
| 0 | 0 | 10,735 | 15,115 | |
| 29 | 29 | 917 | 1,384 | |
| Total Liabilities | 0 | 0 | 24,601 | 27,936 |
| 0 | 0 | 22,142 | 24,480 | |
| CWIP | 0 | 0 | 114 | 23 |
| Investments | 0 | 0 | 1,353 | 0 |
| 0 | 0 | 993 | 3,433 | |
| Total Assets | 0 | 0 | 24,601 | 27,936 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | 0 | 1,870 | 2,916 | |
| 0 | 0 | -1,033 | -155 | |
| 0 | 0 | -1,224 | -2,186 | |
| Net Cash Flow | 0 | 0 | -387 | 575 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 8 | 18 | ||
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 8 | 18 | ||
| Working Capital Days | -42 | 38 | ||
| ROCE % | 1% | 4% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
23 Jul - Meeting on July 30 to approve Q1 2025 financials and potential distributions; record date August 4, 2025.
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Reg 26K: Quarterly Compliance Report on Corporate governance
21 Jul - Quarterly corporate governance compliance report for Cube Highways Trust ending June 30, 2025.
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Reg 23(5)(g): Outcome of Unitholder meetings
18 Jul - Cube Highways Trust approved FY25 financials, asset valuation, valuer appointment, and amended distribution policy.
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Reg 23(5)(i): Disclosure of material issue
18 Jul - Cube Highways Trust approved FY25 financials, asset valuation, valuer appointment, and distribution policy amendment.
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Disclosure of Unitholding Pattern - prior to Listing
16 Jul - Cube Highways Trust unitholding pattern disclosed one day before stock exchange listing.
Annual reports
No data available.
Business Overview:[1][2][3]
CHT is an infrastructure investment trust (InvIT) in the roads and highways sector. It is one of the largest InvITs in the road assets sector and operates 25 road assets, including 18 NHAI toll road assets, 1 NHAI annuity, 6 NHAI HAM and one state toll project, with an aggregate length of 1,940 km (8,450 lane kms) spread across12 states, and 27 toll plazas.
Further, the InvIT is acquiring one state toll road project NAMEL by end of FY25.