NDR INVIT Trust
Incorporated in 2023, NDR InvIT is an infrastructure investment trust which provides logistics and warehousing solutions[1]
- Market Cap ₹ 4,732 Cr.
- Current Price ₹ 120
- High / Low ₹ 124 / 105
- Stock P/E 32.7
- Book Value ₹ 96.1
- Dividend Yield 1.53 %
- ROCE 4.74 %
- ROE 3.46 %
- Face Value ₹ 100
Pros
- Company has been maintaining a healthy dividend payout of 133%
- Debtor days have improved from 97.4 to 26.9 days.
Cons
- Company has a low return on equity of 3.16% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 170 | 217 | 43 | 324 | 379 | |
| 34 | 45 | 12 | 41 | 48 | |
| Operating Profit | 136 | 171 | 31 | 283 | 331 |
| OPM % | 80% | 79% | 72% | 87% | 87% |
| 4 | 12 | 5 | 13 | 23 | |
| Interest | 58 | 74 | 6 | 62 | 110 |
| Depreciation | 55 | 37 | 8 | 65 | 74 |
| Profit before tax | 28 | 72 | 22 | 169 | 170 |
| Tax % | 22% | 47% | 17% | 19% | |
| 22 | 38 | 18 | 137 | 145 | |
| EPS in Rs | 0.48 | 3.52 | 3.72 | ||
| Dividend Payout % | 0% | 0% | 206% | 192% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 659% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 84% |
| TTM: | 618% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 130 | 127 | 3,818 | 3,691 | 3,725 |
| Reserves | 16 | 55 | 18 | 184 | 82 |
| 1,055 | 1,378 | 448 | 1,465 | 1,453 | |
| 259 | 329 | 252 | 268 | 275 | |
| Total Liabilities | 1,459 | 1,888 | 4,536 | 5,608 | 5,535 |
| 906 | 1,222 | 3,856 | 4,887 | 4,903 | |
| CWIP | 157 | 287 | 233 | 42 | 27 |
| Investments | 0 | 0 | 0 | 293 | 219 |
| 397 | 380 | 448 | 386 | 386 | |
| Total Assets | 1,459 | 1,888 | 4,536 | 5,608 | 5,535 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -53 | 226 | -53 | 280 | |
| -352 | -467 | -4,009 | -1,164 | |
| 420 | 248 | 4,133 | 832 | |
| Net Cash Flow | 15 | 6 | 72 | -52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 38 | 32 | 233 | 27 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 38 | 32 | 233 | 27 |
| Working Capital Days | 11 | -279 | 170 | 27 |
| ROCE % | 11% | 1% | 5% |
Documents
Announcements
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Updates
18 November 2025 - Q2 FY26 investor presentation: Revenue INR1,036mn, EBITDA INR950mn, DPU 1.825, NAV INR133.75; distribution Nov 21, 2025.
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Updates
14 November 2025 - NDR InvIT to acquire 100% of MLG Warehousing for INR 1,430 million; signed Nov 13, 2025.
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Outcome of Board Meeting
11 November 2025 - Approved Q2/H1 FY26 results; declared Rs1.825/unit distribution; record date Nov 14, 2025; valuation for MLG asset.
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Record Date
11 November 2025 - Approved Q2 Sep 30,2025 unaudited results; declared Rs1.825/unit distribution; record date Nov 14; valuation for MLG acquisition
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Disclosure of Valuation report
11 November 2025 - Approved Q2/H1 results; declared Rs1.825/unit distribution; record date Nov 14; valuation for proposed MLG Park acquisition.
Annual reports
No data available.
Concalls
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Dec 2024TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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.