Shrem InvIT
InvIT was set-up for the purposes of carrying on the activity of an infrastructure investment trust and for making investments in the infrastructure projects SPVs or securities of Indian companies engaged in the infrastructure sector. Shrem Infra Structure Private Limited, is a part of the Shrem group.
- Market Cap ₹ 6,108 Cr.
- Current Price ₹ 100
- High / Low ₹ 115 / 91.1
- Stock P/E 7.09
- Book Value ₹ 104
- Dividend Yield 12.8 %
- ROCE 11.2 %
- ROE 17.3 %
- Face Value ₹ 100
Pros
- Stock is trading at 0.96 times its book value
- Promoter holding has increased by 0.82% over last quarter.
Cons
- Tax rate seems low
- Promoters have pledged 48.4% of their holding.
- Company has high debtors of 167 days.
- Promoter holding has decreased over last 3 years: -8.20%
* 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
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 | TTM | |
|---|---|---|---|---|---|
| 571 | 1,384 | 1,953 | 2,458 | 2,424 | |
| 131 | 643 | 492 | 904 | 1,110 | |
| Operating Profit | 440 | 741 | 1,461 | 1,554 | 1,314 |
| OPM % | 77% | 54% | 75% | 63% | 54% |
| 17 | 46 | 82 | 132 | 149 | |
| Interest | 132 | 277 | 563 | 642 | 605 |
| Depreciation | 30 | 58 | 58 | 58 | 58 |
| Profit before tax | 294 | 452 | 922 | 986 | 800 |
| Tax % | -1% | -7% | -13% | -13% | |
| 299 | 487 | 1,051 | 1,118 | 862 | |
| EPS in Rs | 7.48 | 10.15 | 18.17 | 18.16 | 14.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 3,767 | 5,063 | 5,072 | 5,012 | 4,806 |
| Reserves | 649 | 509 | 952 | 1,509 | 1,539 |
| 3,208 | 6,082 | 7,399 | 8,413 | 8,080 | |
| 777 | 817 | 845 | 1,017 | 1,085 | |
| Total Liabilities | 8,400 | 12,471 | 14,268 | 15,951 | 15,509 |
| 3,667 | 2,970 | 2,874 | 2,467 | 2,464 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 457 | 2,490 | 834 | 1,264 | 980 |
| 4,276 | 7,011 | 10,560 | 12,220 | 12,065 | |
| Total Assets | 8,400 | 12,471 | 14,268 | 15,951 | 15,509 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -3,102 | -1,344 | -1,804 | 386 | |
| -3,629 | -2,147 | 1,655 | -169 | |
| 6,761 | 3,649 | 175 | -209 | |
| Net Cash Flow | 30 | 158 | 26 | 7 |
| Free Cash Flow | -6,287 | -1,178 | -1,765 | 735 |
| CFO/OP | -704% | -186% | -132% | 17% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 311 | 174 | 176 | 167 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 311 | 174 | 176 | 167 |
| Working Capital Days | 78 | 118 | 145 | 114 |
| ROCE % | 8% | 12% | 11% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of Project Assets Number |
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| NHAI / MoRTH HAM Projects in Portfolio Number |
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| State Authority Projects (Annuity/Toll) in Portfolio Number |
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| Total Lane Kilometres Kms |
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| Average Residual Concession Life Years |
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| Net Debt to Enterprise Value (EV) % |
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| Concentration of NHAI/MoRTH Revenue Contribution % |
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Documents
Announcements
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
10 April 2026 - Shrem InvIT filed Q4 and FY2026 corporate governance compliance report under SEBI InvIT regulations.
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Disclosure of all complaints including SCORES complaints received by the InvIT on a quarterly basis
9 April 2026 - Shrem InvIT filed its investor complaints statement for quarter ended March 31, 2026.
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Updates
9 April 2026 - Sponsor released pledge on 53,44,092 Shrem InvIT units on April 6, 2026.
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Updates
1 April 2026 - Ind-Ra affirms Shrem InvIT IND AAA/Stable; assigns IND A1+ to INR1,683.40m; affirms INR77,686.80m AAA. (01-Apr-2026)
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Trading Window
31 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited Q4/FY2026 results declaration.
Structure[1]
The sponsor, Shrem Infra Invest Private Limited has floated an infrastructure investment trust called Shrem InvIT.