National Highways Infra Trust

National Highways Infra Trust

₹ 131 1.27%
12 Dec - close price
About

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]

Key Points

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

  • Market Cap 17,223 Cr.
  • Current Price 131
  • High / Low 132 / 118
  • Stock P/E 68.0
  • Book Value 108
  • Dividend Yield %
  • ROCE 2.82 %
  • ROE 2.70 %
  • Face Value

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.5%
  • Tax rate seems low
  • Company has a low return on equity of 3.00% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
137 138 194 218 236 236 232 241 564 567
20 29 37 56 53 58 48 52 107 109
Operating Profit 117 109 157 162 183 178 183 188 456 458
OPM % 85% 79% 81% 74% 78% 75% 79% 78% 81% 81%
1 1 5 6 5 5 5 16 8 11
Interest 27 28 53 59 61 64 70 85 255 259
Depreciation 34 32 51 58 57 58 62 71 195 181
Profit before tax 58 50 59 51 70 61 56 48 14 28
Tax % -9% -22% -19% -24% -19% -22% -28% -36% -370% -162%
63 61 70 63 83 74 72 66 64 74
EPS in Rs 1.06 1.02 0.96 0.87 1.14 1.02 0.99 0.50 0.49 0.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 147 698 974 1,603
1 38 142 212 317
Operating Profit -1 109 556 762 1,285
OPM % 74% 80% 78% 80%
0 3 3 1 40
Interest 0 32 166 280 669
Depreciation 0 11 176 248 510
Profit before tax -1 70 217 235 147
Tax % 0% 2% -18% -25%
-1 68 257 294 276
EPS in Rs 1.15 3.54 2.24 2.55
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 81%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 657%
TTM: -11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 9%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: %
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.00 5,994 7,416 14,671 14,669
Reserves -1 68 -25 -275 -466
0 1,465 2,942 11,734 12,105
1 21 159 1,280 1,408
Total Liabilities 0 7,549 10,492 27,410 27,716
0 7,441 10,117 10,990 26,633
CWIP 0 0 0 0 0
Investments 0 0 0 0 0
0 108 375 16,420 1,083
Total Assets 0 7,549 10,492 27,410 27,716

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -7,243 624 805
0 -25 -2,905 -15,810
0 7,331 2,429 15,258
Net Cash Flow 0 64 147 253

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 15 2 1
Inventory Days
Days Payable
Cash Conversion Cycle 15 2 1
Working Capital Days -20 -40 -335
ROCE % 3% 4% 3%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents