Indus Infra Trust
₹ 123
-0.49%
10 Mar
- close price
About
Incorporated in 2022, Indus Infra Trust is a SEBI-registered infrastructure investment trust[1]
Key Points
- Market Cap ₹ 5,481 Cr.
- Current Price ₹ 123
- High / Low ₹ 129 / 95.2
- Stock P/E 16.2
- Book Value ₹ 110
- Dividend Yield 8.13 %
- ROCE 10.9 %
- ROE 10.9 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.12 times its book value
- Stock is providing a good dividend yield of 8.13%.
- Company is expected to give good quarter
- Company has delivered good profit growth of 48.2% CAGR over last 5 years
- Promoter holding has increased by 43.6% over last quarter.
Cons
- Tax rate seems low
- Company has a low return on equity of 5.51% over last 3 years.
- Earnings include an other income of Rs.238 Cr.
* 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,093 | 2,170 | 1,600 | 0 | 0 | 0 | 737 | |
| 2,813 | 1,671 | 1,172 | 0 | 4 | 784 | 476 | |
| Operating Profit | 280 | 499 | 428 | 0 | -4 | -784 | 261 |
| OPM % | 9% | 23% | 27% | 71% | 87% | -23% | 35% |
| 0 | 0 | 0 | 0 | 30 | 1,451 | 238 | |
| Interest | 171 | 265 | 344 | 0 | 2 | 115 | 151 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 109 | 234 | 84 | 0 | 24 | 552 | 349 |
| Tax % | 31% | 36% | 25% | 27% | 0% | 1% | |
| 75 | 149 | 63 | 0 | 24 | 545 | 340 | |
| EPS in Rs | 0.53 | 12.31 | 7.67 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 37% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 105% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 178 | 188 | 188 | 0.00 | 4,376 | 4,368 | 4,338 |
| Reserves | 190 | 340 | 402 | 0 | 589 | 613 | 531 |
| 2,284 | 3,710 | 4,679 | 3 | 485 | 1,750 | 2,240 | |
| 924 | 706 | 267 | 5 | 41 | 5 | 4 | |
| Total Liabilities | 3,577 | 4,944 | 5,536 | 8 | 5,491 | 6,736 | 7,114 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,941 | 1,372 | 1,297 |
| 3,577 | 4,944 | 5,536 | 8 | 3,550 | 5,364 | 5,816 | |
| Total Assets | 3,577 | 4,944 | 5,536 | 8 | 5,491 | 6,736 | 7,114 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1,220 | -944 | -398 | 0 | -2 | -40 | |
| 74 | -119 | -151 | 0 | -2,964 | -540 | |
| 1,162 | 1,178 | 626 | -0 | 2,966 | 585 | |
| Net Cash Flow | 16 | 115 | 77 | 0 | 0 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 6 | 5 | |||
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1 | 6 | 5 | |||
| Working Capital Days | 23 | 20 | 44 | |||
| ROCE % | 14% | 9% | 0% | 1% | 11% |
Insights
In beta| Mar 2024 | Sep 2025 | |
|---|---|---|
| Aggregate Project Length Km |
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| Assets Under Management (AUM) INR Million |
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| Cumulative Annuities Received Annuities |
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| Number of Operational HAM Projects Projects |
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| Total Lane Kms Km |
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| Weighted Average Residual Concession Life Years |
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Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
6 Mar - Unitholders approved acquisition from G R Infraprojects and increased consolidated borrowings; passed March 5, 2026.
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
25 Feb - Crisil assigned AAA/Stable to Indus Infra Trust's Rs3,000 crore long-term bank facilities on Feb 24, 2026.
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Reg 23(5)(i): Disclosure of material issue
11 Feb - Q3 FY26 transcript; INR 3.40/unit distribution; SPA for four KNR HAM assets; Bahadurganj acquisition completed.
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Reg 23(5)(i): Disclosure of material issue
10 Feb - Postal ballot to approve purchase of three GR Infra SPVs upto Rs.9,050m and raise borrowings to 70% from related party
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
10 Feb - CARE reaffirmed CARE AAA; Stable for Indus Infra Trust's Rs.7,901.52 crore facilities (enhanced from Rs.2,958.35 crore).
Annual reports
No data available.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptPPT
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Jul 2025Transcript PPT
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May 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Jan 2024TranscriptAI SummaryPPT
Business Overview:[1][2]
a) Indus InvIT is sponsored by AIPL, with GRHIMPL as the investment manager, AIPL as the project manager, and IDBI Trusteeship Services Ltd as the trustee.
b) It is an infrastructure investment trust formed to acquire, manage, and invest in infrastructure assets or securities of infrastructure companies.
c) It raises funds through the InvIT to invest as per SEBI InvIT Regulations and its defined investment objectives and strategy.