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 ₹ 6,115 Cr.
- Current Price ₹ 100
- High / Low ₹ 115 / 91.1
- Stock P/E 7.10
- Book Value ₹ 104
- Dividend Yield 9.13 %
- ROCE 11.2 %
- ROE 17.3 %
- Face Value ₹ 100
Pros
- Stock is trading at 0.97 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: | -5% |
| 1 Year: | -20% |
| 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 |
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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Updates
5 March 2026 - Received Form D (Mar 5, 2026) disclosing connected person dealing in Shrem InvIT units.
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Updates
5 March 2026 - Received Form C (Reg 7(2)) disclosure of Designated Person’s dealing in Shrem InvIT units on March 5, 2026.
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Updates
25 February 2026 - Release of 3,757,472 units (0.615%) on Feb 20, 2026; sponsor holds 81,931,681 units (13.41%).
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Updates
25 February 2026 - Filed missing NDCF page for APCO Navkalyan; completed unaudited results for quarter/nine months ended Dec 31, 2025.
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Updates
18 February 2026 - Received Form D disclosure (Reg 7(3)) on Feb 18, 2026 regarding connected person's dealing in InvIT units.
Structure[1]
The sponsor, Shrem Infra Invest Private Limited has floated an infrastructure investment trust called Shrem InvIT.