NDR INVIT Trust
Incorporated in 2023, NDR InvIT is an infrastructure investment trust which provides logistics and warehousing solutions[1]
- Market Cap ₹ 6,527 Cr.
- Current Price ₹ 142
- High / Low ₹ 147 / 112
- Stock P/E 65.6
- Book Value ₹ 95.6
- Dividend Yield 1.85 %
- ROCE 5.08 %
- ROE 2.47 %
- Face Value ₹ 136
Pros
- Company has been maintaining a healthy dividend payout of 220%
- Debtor days have improved from 94.2 to 22.6 days.
Cons
- Company has a low return on equity of 2.53% over last 3 years.
- Company might be capitalizing the interest cost
* 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 170 | 217 | 43 | 324 | 420 | 443 | |
| 34 | 45 | 12 | 41 | 54 | 53 | |
| Operating Profit | 136 | 171 | 31 | 283 | 366 | 389 |
| OPM % | 80% | 79% | 72% | 87% | 87% | 88% |
| 4 | 12 | 5 | 13 | 16 | 17 | |
| Interest | 58 | 74 | 6 | 62 | 130 | 142 |
| Depreciation | 55 | 37 | 8 | 65 | 81 | 84 |
| Profit before tax | 28 | 72 | 22 | 169 | 171 | 180 |
| Tax % | 22% | 47% | 17% | 19% | 34% | |
| 22 | 38 | 18 | 137 | 113 | 112 | |
| EPS in Rs | 0.48 | 3.52 | 2.90 | 2.73 | ||
| Dividend Payout % | 0% | 0% | 206% | 198% | 255% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| TTM: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 130 | 127 | 3,818 | 3,818 | 3,928 |
| Reserves | 16 | 55 | 18 | 57 | -141 |
| 1,055 | 1,378 | 448 | 1,452 | 2,153 | |
| 259 | 329 | 252 | 268 | 504 | |
| Total Liabilities | 1,459 | 1,888 | 4,536 | 5,595 | 6,443 |
| 906 | 1,222 | 3,856 | 4,887 | 5,549 | |
| CWIP | 157 | 287 | 233 | 42 | 95 |
| Investments | 0 | 0 | 0 | 293 | 11 |
| 397 | 380 | 448 | 372 | 788 | |
| Total Assets | 1,459 | 1,888 | 4,536 | 5,595 | 6,443 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -53 | 226 | -53 | 294 | 531 | |
| -352 | -467 | -4,009 | -1,198 | -499 | |
| 420 | 248 | 4,133 | 852 | 374 | |
| Net Cash Flow | 15 | 6 | 72 | -52 | 406 |
| Free Cash Flow | -65 | 227 | -129 | 214 | 431 |
| CFO/OP | -34% | 140% | -213% | 114% | 151% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 38 | 32 | 233 | 27 | 23 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 38 | 32 | 233 | 27 | 23 |
| Working Capital Days | 11 | -279 | 170 | 26 | -409 |
| ROCE % | 11% | 1% | 5% | 5% |
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
-
Press Release
- Q1 FY27 revenue rose 18.4% to ₹1,321 Mn; EBITDA ₹1,189 Mn; ₹1.94/unit distribution; ₹8,423 Mn allotment, 0.7 msf acquisition.
-
Outcome of Board Meeting
- Q1 FY27 results approved; distribution of ₹1.94 per unit, record date August 19, 2026, payment by August 26.
-
Statement of deviation(s) or variation(s) under Reg. 32
- NDR InvIT Trust reports no deviation in use of ₹7,217.77 million preferential issue proceeds for quarter ended June 30, 2026.
-
Record Date
- NDR InvIT Trust approved Q1 FY2027 results and declared ₹1.94 per unit distribution; record date August 19, 2026.
-
Updates
- Board meeting timing revised to 11:30 a.m. on August 14, 2026.
Annual reports
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Feb 2026TranscriptAI SummaryPPT
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Jan 2025TranscriptAI SummaryPPT
-
Dec 2024TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
Jul 2024TranscriptAI SummaryPPT
-
Jun 2024TranscriptAI SummaryPPT
-
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.