Cube Highways Trust

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Cube Highways Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Cube Highways Trust

₹ 152 -0.11%
13 Nov - close price
Company website BSE: 543899 NSE: CUBEINVIT
About

Incorporated in 2022, Cube Highways Trust
is registered with SEBI as an Infrastructure Investment Trust for roads assets[1]

Key Points

Business Overview:[1]
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 27 road assets, including 18 NHAI toll road assets, 3 NHAI
annuity assets and 6 NHAI HAM, with an aggregate length of 2,005 km (8,754 lane
kms) spread across 12 states and 1 UT, and
27 toll plazas. The average operating history
of the portfolio is 9.2 years. Average residual concession years is 18 years. AUM of Rs. 368.42 billion with toll AUM 85% and annuity AUM 15%.

Website BSE NSE
  • Market Cap ₹ 20,407 Cr.
  • Current Price ₹ 152
  • High / Low ₹ 165 / 131
  • Stock P/E 83.3
  • Book Value ₹ 65.8
  • Dividend Yield 5.10 %
  • ROCE 6.44 %
  • ROE 1.38 %
  • Face Value ₹ 100
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.54% over last 3 years.
  • Promoters have pledged 50.3% of their holding.

* 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

Services Services Transport Infrastructure Road AssetsToll, Annuity, Hybrid-Annuity

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
728.97 753.39 797.78 791.95 819.65 849.53 846.02 944.28 1,051.62 1,080.83 1,162.16 1,126.63 1,074.17
982.03 231.45 133.08 256.60 268.15 242.97 305.73 272.38 281.15 309.69 261.27 338.30 335.26
Operating Profit -253.06 521.94 664.70 535.35 551.50 606.56 540.29 671.90 770.47 771.14 900.89 788.33 738.91
OPM % -34.71% 69.28% 83.32% 67.60% 67.28% 71.40% 63.86% 71.15% 73.27% 71.35% 77.52% 69.97% 68.79%
4.62 2.86 4.91 38.98 38.48 36.06 32.49 29.66 39.60 23.59 27.29 30.22 29.47
Interest 234.52 219.24 227.58 250.70 286.57 280.35 299.49 344.76 402.37 366.14 352.11 364.69 358.35
Depreciation 314.79 311.62 307.18 315.71 324.06 334.11 339.04 358.32 350.15 376.91 359.09 366.38 352.75
Profit before tax -797.75 -6.06 134.85 7.92 -20.65 28.16 -65.75 -1.52 57.55 51.68 216.98 87.48 57.28
Tax % -0.57% 135.31% 9.76% 51.14% 44.84% -84.66% -6.16% -130.26% 30.11% 20.59% 37.79% 30.14% 86.02%
-793.17 -14.27 121.69 3.86 -29.90 52.01 -61.69 0.46 40.22 41.04 134.99 61.11 8.01
EPS in Rs -6.15 -0.11 0.94 0.03 -0.22 0.39 -0.46 0.00 0.30 0.31 1.00 0.45 0.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
0 0 2,916 3,307 4,239 4,444
28 28 1,705 1,073 1,122 1,245
Operating Profit -28 -28 1,211 2,234 3,117 3,199
OPM % 42% 68% 74% 72%
0 0 158 146 118 111
Interest 0 0 873 1,117 1,465 1,441
Depreciation 0 0 1,183 1,313 1,444 1,455
Profit before tax -28 -28 -687 -50 325 413
Tax % 0% 0% 3% -29% 33%
-28 -28 -706 -36 217 245
EPS in Rs -5.47 -0.27 1.61 1.82
Dividend Payout % 0% 0% -207% -4,223% 222%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 94%
TTM: 691%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 15%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: %
3 Years: -3%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 0.00 0.00 14,477 13,718 13,440 13,440
Reserves -29 -29 -1,528 -2,281 -3,657 -4,599
0 0 10,735 15,115 17,665 18,027
29 29 917 1,384 1,905 2,110
Total Liabilities 0 0 24,601 27,936 29,353 28,978
0 0 22,142 24,480 23,337 22,614
CWIP 0 0 114 23 11 5
Investments 0 0 1,353 0 500 888
0 0 993 3,433 5,505 5,471
Total Assets 0 0 24,601 27,936 29,353 28,978

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 0 1,870 2,916 3,803
0 0 -404 -155 -271
0 0 -1,224 -2,186 -3,869
Net Cash Flow 0 0 242 575 -337
Free Cash Flow 0 0 1,359 2,735 3,742
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 0% 0% 157% 131% 124%

Ratios

Consolidated / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 8 18 19
Inventory Days
Days Payable
Cash Conversion Cycle 8 18 19
Working Capital Days -101 -15 53
ROCE % 1% 4% 6%

Insights

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Mar 2024 Mar 2025 Mar 2026
Assets Under Management (AUM)
INR Bn

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Number of Assets in Portfolio
count
Average Daily Collection
INR Mn per day
Average Residual Concession Life
years
Electronic Toll Collection (ETC) Share
%
FASTag Annual Pass Adoption Rate
%
Lane Kilometers
lane km
Portfolio Traffic Growth (YoY in PCU terms)
%

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Shareholding Pattern

Numbers in percentages

14 Recently

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

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Credit ratings

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