RaajMarg Infra Investment Trust
Raajmarg Infra Investment Trust (RIIT) is an Infrastructure Investment Trust sponsored by the National Highways Authority of India (NHAI). The Trust owns and operates a diversified portfolio of toll road assets across strategic economic corridors in India[1]
- Market Cap ₹ 7,180 Cr.
- Current Price ₹ 120
- High / Low ₹ 128 / 100
- Stock P/E 696
- Book Value ₹ 104
- Dividend Yield 4.03 %
- ROCE %
- ROE 0.17 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.15 times its book value
Cons
* 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
| Dec 2025 | Mar 2026 5m | |
|---|---|---|
| 0 | 11 | |
| Sales growth | ||
| 0 | 1 | |
| Operating Profit | 0 | 10 |
| OPM % | 93% | |
| 0 | 3 | |
| Interest | 0 | 1 |
| Depreciation | 0 | 0 |
| Profit before tax | 0 | 12 |
| Tax % | 12% | |
| 0 | 10 | |
| EPS in Rs | 0.17 | |
| Dividend Payout % | 0% |
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| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Equity Capital | 0.00 | 5,974 | 5,966 |
| Reserves | 0 | 10 | 271 |
| 0 | 3,729 | 3,716 | |
| 0 | 35 | 2 | |
| Total Liabilities | 0 | 9,748 | 9,954 |
| 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 1,350 | 1,350 |
| 0 | 8,398 | 8,604 | |
| Total Assets | 0 | 9,748 | 9,954 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2025 | Mar 2026 | |
|---|---|---|
| -2 | ||
| -9,580 | ||
| 9,733 | ||
| Net Cash Flow | 152 | |
| Free Cash Flow | -2 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -15% |
Ratios
Standalone / View Consolidated
| Dec 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 0 | |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 0 | |
| Working Capital Days | -1,638 | |
| ROCE % |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Daily Traffic (AADT) by Toll Plaza vehicles per day |
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| Commercial Vehicle Share (Truck + MAV) by Toll Plaza % of total AADT |
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| Passenger Car Units (PCU) by Toll Plaza PCU per day |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
- Newspaper publication of unaudited standalone and consolidated results for quarter and half-year ended September 30, 2026.
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Reg 23(5)(i): Disclosure of material issue
- RIIT filed H1 FY27 report for half-year ended September 30, 2026; revenue ₹478.49 crore, distribution ₹2.43/unit.
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Reg 23(5)(i): Disclosure of material issue
- KFin Technologies changes corporate office address effective December 1, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Axis Bank nominee Sanjiv Bhatia appointed director on November 4, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Submitted valuation report for September 30, 2026; enterprise value Rs 10,040.5 crore, NAV Rs 110.12 per unit.
Trust Overview:[1]
Trust owns 5 operational highway assets spanning 260 kms with 7 toll plazas across
4 states. Trust is backed by fundamentals, experienced sponsorship, and a diversified portfolio of highway assets. The Trust aims
to deliver stable returns and long-term value through strategic infrastructure investments.