Indus Infra Trust
Incorporated in 2022, Indus Infra Trust is a SEBI-registered infrastructure investment trust[1]
- Market Cap ₹ 5,513 Cr.
- Current Price ₹ 124
- High / Low ₹ 134 / 104
- Stock P/E 18.7
- Book Value ₹ 107
- Dividend Yield 10.8 %
- ROCE 6.10 %
- ROE 6.07 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.16 times its book value
- Stock is providing a good dividend yield of 10.8%.
- Company has been maintaining a healthy dividend payout of 76.7%
- Promoter holding has increased by 43.6% over last quarter.
Cons
- Tax rate seems low
- Company has a low return on equity of 5.80% over last 3 years.
* 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3,093 | 2,170 | 1,600 | 0 | 0 | 0 | 757 | |
| 2,813 | 1,671 | 1,172 | 0 | 4 | 784 | 335 | |
| Operating Profit | 280 | 499 | 428 | 0 | -4 | -784 | 421 |
| OPM % | 9% | 23% | 27% | 71% | 87% | -23% | 56% |
| 0 | 0 | 0 | 0 | 30 | 1,451 | 41 | |
| Interest | 171 | 265 | 344 | 0 | 2 | 115 | 158 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 109 | 234 | 84 | 0 | 24 | 552 | 304 |
| Tax % | 31% | 36% | 25% | 27% | 0% | 1% | 3% |
| 75 | 149 | 63 | 0 | 24 | 545 | 295 | |
| EPS in Rs | 0.53 | 12.31 | 6.66 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 37% | 193% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | % |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 178 | 188 | 188 | 0.00 | 4,376 | 4,368 | 4,218 |
| Reserves | 190 | 340 | 402 | 0 | 589 | 613 | 515 |
| 2,284 | 3,710 | 4,679 | 3 | 485 | 1,750 | 3,688 | |
| 924 | 706 | 267 | 5 | 41 | 5 | 68 | |
| Total Liabilities | 3,577 | 4,944 | 5,536 | 8 | 5,491 | 6,736 | 8,490 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,941 | 1,372 | 1,334 |
| 3,577 | 4,944 | 5,536 | 8 | 3,550 | 5,364 | 7,155 | |
| Total Assets | 3,577 | 4,944 | 5,536 | 8 | 5,491 | 6,736 | 8,490 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -1,220 | -944 | -398 | 0 | -2 | -40 | -49 | |
| 74 | -119 | -151 | 0 | -2,964 | -540 | -1,055 | |
| 1,162 | 1,178 | 626 | -0 | 2,966 | 585 | 1,237 | |
| Net Cash Flow | 16 | 115 | 77 | 0 | 0 | 5 | 133 |
| Free Cash Flow | -1,220 | -944 | -398 | 0 | -2 | -40 | -49 |
| CFO/OP | -422% | -187% | -85% | 49% | 4% | -9% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 6 | 5 | 0 | |||
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 1 | 6 | 5 | 0 | |||
| Working Capital Days | 23 | 20 | 44 | 30 | |||
| ROCE % | 14% | 9% | 0% | 1% | 11% | 6% |
Insights
In beta| Mar 2024 | Sep 2025 | |
|---|---|---|
| Aggregate Project Length Km |
|
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| Assets Under Management (AUM) INR Million |
||
| 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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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
10h - Indus Infra Trust completed acquisition of KNR Palani Infra on 29 May 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
1d - India Ratings assigned Indus Infra Trust issuer rating IND AAA/Stable and affirmed INR 6,000 million loan facilities.
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Reg 23(5)(i): Disclosure of material issue
26 May - Indus Infra Trust allotted 5,000 CPs worth Rs 250 crore, maturing 19 June 2026, listed on NSE.
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Reg 23(5)(i): Disclosure of material issue
25 May - Submitted Annual Secretarial Compliance Report for FY ended 31 March 2026.
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Reg 23(5)(i): Disclosure of material issue
19 May - Postal ballot seeks approval for Rs.3,300 million sponsor issue and Rs.50,000 million fund raise by 9 June 2026.
Annual reports
No data available.
Concalls
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May 2026Transcript PPT REC
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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.