NDR INVIT Trust
Incorporated in 2023, NDR InvIT is an infrastructure investment trust which provides logistics and warehousing solutions[1]
- Market Cap ₹ 6,916 Cr.
- Current Price ₹ 151
- High / Low ₹ 152 / 119
- Stock P/E 57.5
- Book Value ₹ 95.5
- Dividend Yield 1.74 %
- ROCE 3.97 %
- ROE 2.64 %
- Face Value ₹ 136
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 159%
Cons
- Tax rate seems low
- Company has a low return on equity of 2.13% 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 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 27 | 145 | 214 | 233 | |
| 0 | 1 | 2 | 2 | |
| Operating Profit | 27 | 144 | 212 | 231 |
| OPM % | 100% | 99% | 99% | 99% |
| 0 | 11 | 13 | 14 | |
| Interest | 0 | 29 | 113 | 122 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 27 | 126 | 112 | 123 |
| Tax % | 0% | 1% | -1% | |
| 27 | 125 | 113 | 120 | |
| EPS in Rs | 0.71 | 3.23 | 2.84 | 2.91 |
| Dividend Payout % | 0% | 216% | 260% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 3,818 | 3,818 | 3,928 |
| Reserves | 27 | 55 | -146 |
| 0 | 1,354 | 1,762 | |
| 18 | 6 | 173 | |
| Total Liabilities | 3,863 | 5,233 | 5,717 |
| 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 |
| Investments | 2,931 | 3,655 | 3,655 |
| 932 | 1,578 | 2,062 | |
| Total Assets | 3,863 | 5,233 | 5,717 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 45 | -17 | -3 | |
| -3,816 | -1,261 | 395 | |
| 3,818 | 1,230 | 5 | |
| Net Cash Flow | 47 | -48 | 397 |
| Free Cash Flow | 45 | -17 | -3 |
| CFO/OP | 165% | -11% | -1% |
Ratios
Standalone / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 0 | 0 | 0 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 0 | 0 | 0 |
| Working Capital Days | 11,485 | 3,889 | 2,477 |
| ROCE % | 3% | 4% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Occupancy Rate % |
|
|||
| Top 10 Customer Concentration % of gross rentals |
||||
| AUM (Total Leasable Area) msf |
||||
| Number of Industrial Parks count |
||||
| Weighted Average Lease Expiry (WALE) years |
||||
| ROFO Pipeline Area msf |
||||
Extracted by Screener AI
Documents
Announcements
-
Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
- India Ratings affirmed NDR InvIT’s INR 20,000 million NCDs at IND AAA/Stable.
-
Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
- India Ratings affirmed NDR InvIT’s NCDs worth INR 20,000 million at IND AAA/Stable.
-
Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY27 results.
-
Credit Rating
- CARE Ratings reaffirmed AAA/Stable on NDR InvIT's ₹2,000 crore NCDs, including ₹215 crore proposed issue.
-
Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
- CARE AAA Stable reaffirmed for NDR InvIT’s ₹2,000 crore NCDs, including ₹215 crore proposed issue.
Annual reports
-
Annual Report 2025
from web
-
Annual Report 2024
from web
Asset Overview[1][2]
As on Q2FY26, the trust has acquired 37 industrial parks, 60+ wharehouses with a total leasable area of 19.2 million square feet (msf), 8.75 msf ROFO projects, 100+ clientele located across 15 cities in India. The portfolio has healthy weighted average lease expiry (WALE) of 10.7 years, with about 19.5% of the area coming up for lease renewal in FY26.