Roadstar Infra Investment Trust
Incorporated in 2020, Roadstar Infra Investment Trust is a SEBI-registered Infrastructure Investment Trust.[1]
- Market Cap ₹ 2,961 Cr.
- Current Price ₹ 65.0
- High / Low ₹ 80.0 / 50.0
- Stock P/E
- Book Value ₹ 88.8
- Dividend Yield 13.7 %
- ROCE 4.83 %
- ROE 0.14 %
- Face Value ₹ 100
Pros
- Stock is trading at 0.73 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 22.4%
- Company has a low return on equity of -1.03% 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 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 434 | 688 | 930 | |
| 233 | 258 | 382 | |
| Operating Profit | 201 | 430 | 548 |
| OPM % | 46% | 62% | 59% |
| 15 | 49 | 57 | |
| Interest | 211 | 290 | 352 |
| Depreciation | 116 | 210 | 266 |
| Profit before tax | -111 | -21 | -13 |
| Tax % | 5% | -9% | -13% |
| -116 | -19 | -11 | |
| EPS in Rs | -0.08 | ||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -413% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 2,541 | 3,744 | 4,555 | 4,409 |
| Reserves | -33 | 73 | 37 | -365 |
| 2,196 | 2,850 | 3,669 | 3,568 | |
| 140 | 186 | 1,199 | 1,198 | |
| Total Liabilities | 4,844 | 6,853 | 9,459 | 8,809 |
| 3,855 | 4,987 | 7,044 | 7,171 | |
| CWIP | 0 | 0 | 399 | 0 |
| Investments | 59 | 64 | 332 | 155 |
| 929 | 1,803 | 1,684 | 1,483 | |
| Total Assets | 4,844 | 6,853 | 9,459 | 8,809 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 317 | 625 | 757 | |
| 384 | 38 | -258 | |
| -667 | -637 | -581 | |
| Net Cash Flow | 34 | 27 | -83 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 11 | 2 | 5 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 11 | 2 | 5 |
| Working Capital Days | -63 | 119 | 29 |
| ROCE % | 5% | 5% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Daily Toll Collections Growth % |
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| Average Operational Track Record (Toll Roads) Years |
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| Barwa Adda Expressway Completion % ・Standalone data |
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| Levied Penalties (Maintenance related) Rs. crore |
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| Number of SPVs (Operational Assets) Number |
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| Semi-Annuity Receipts Count Number |
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| Toll Collection CAGR % |
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| Toll Rate Hike CAGR % |
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| Traffic CAGR % |
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| Major Maintenance Reserves (MMR) Rs. crore |
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Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
10 Feb - NAV Rs.96.45/unit as on 31-Dec-2025; Net assets Rs.43,932.11 Mn; 455,477,143 units.
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Reg 23(5)(i): Disclosure of material issue
10 Feb - Approved unaudited Q3/9M results (Dec 31, 2025); subsidiaries’ heavy losses, negative net worth Rs.12,797.79m, going-concern concerns.
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Reg 23(5)(i): Disclosure of material issue
29 Jan - Board meeting Feb 10, 2026 to approve unaudited Q3 and 9M results ended Dec 31, 2025.
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Reg 26K: Quarterly Compliance Report on Corporate governance
19 Jan - Submitted Q3 governance report; IL&FS launched InvIT platform sale, EOIs invited till Jan 23, 2026; Axis Capital appointed.
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Unit Holding Pattern
19 Jan - Unitholding pattern for quarter ended Dec 31, 2025: 45,54,77,143 units outstanding; sponsor holds 10,22,00,005 (22.44%).
Annual reports
No data available.
Business Overview:[1]
RIIT is an irrevocable trust established under the Indian Trusts Act and registered with SEBI as an Infrastructure Investment Trust
a) Sponsor:
RIPL, a subsidiary of IL&FS Transportation Networks Limited (ITNL)
b) Investment Manager:
Roadstar Investment Managers Limited
c) Project Manager:
Elsamex Maintenance Services Ltd.
d) Trustee:
Axis Trustee Services Limited