National Highways Infra Trust
NHAI is the nodal agency responsible for the development and maintenance of national highways. It was constituted u/s 3(1) of the National Highways Authority of India Act, 1988, and commenced operations in February 1995 to develop, maintain, and manage national highways in the country. The NHAI is vested with executive powers for developing national highways in India by MoRTH. The charter of NHAI is set out in the National Highways Act, 1956, and the National Highways Authority of India Act,1988. The GoI has a 100% stake in NHAI.[1]
- Market Cap ₹ 16,009 Cr.
- Current Price ₹ 122
- High / Low ₹ 127 / 114
- Stock P/E 17.2
- Book Value ₹ 113
- Dividend Yield %
- ROCE 10.1 %
- ROE 10.9 %
- Face Value ₹
Pros
- Stock is trading at 1.08 times its book value
Cons
- Promoter holding is low: 15.9%
- Tax rate seems low
* 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.
Peer comparison
Sector: Infrastructure Investment Trusts Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|
| 0 | 235 | 955 | 1,189 | |
| 1 | 21 | 15 | 20 | |
| Operating Profit | -1 | 215 | 940 | 1,169 |
| OPM % | 91% | 98% | 98% | |
| 0 | 3 | 3 | 15 | |
| Interest | 0 | 32 | 166 | 244 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | -1 | 186 | 777 | 939 |
| Tax % | 0% | 2% | 1% | |
| -1 | 182 | 772 | 933 | |
| EPS in Rs | 3.06 | 10.63 | 12.84 | |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 306% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 325% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 0 | 5,994 | 7,416 | 7,416 |
| Reserves | -1 | 181 | 604 | 827 |
| 0 | 1,465 | 2,942 | 2,972 | |
| 1 | 7 | 55 | 54 | |
| Total Liabilities | 0 | 7,648 | 11,017 | 11,269 |
| 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 1,396 | 1,396 | 1,396 |
| 0 | 6,253 | 9,622 | 9,873 | |
| Total Assets | 0 | 7,648 | 11,017 | 11,269 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 0 | 102 | 561 | |
| 0 | -7,376 | -2,907 | |
| 0 | 7,331 | 2,429 | |
| Net Cash Flow | 0 | 58 | 83 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 0 | 0 | |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 0 | 0 | |
| Working Capital Days | 154 | 162 | |
| ROCE % | 6% | 10% |
About[1]
NHIT is registered as an irrevocable trust under the Indian Trust Act 1882 and is registered as an InvIT under SEBI (Infrastructure Investment Trust) Regulations 2014