Indus Infra Trust
Incorporated in 2022, Indus Infra Trust is a SEBI-registered infrastructure investment trust[1]
- Market Cap ₹ 5,057 Cr.
- Current Price ₹ 114
- High / Low ₹ 119 / 95.2
- Stock P/E 13.1
- Book Value ₹ 112
- Dividend Yield 2.85 %
- ROCE 10.9 %
- ROE 10.9 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.02 times its book value
- Company has delivered good profit growth of 48.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 198%
Cons
- Promoter holding is low: 15.0%
- Tax rate seems low
- Earnings include an other income of Rs.216 Cr.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,093 | 2,170 | 1,600 | 1,536 | 0 | 0 | 1,158 | |
| 2,813 | 1,671 | 1,172 | 441 | 4 | 784 | 843 | |
| Operating Profit | 280 | 499 | 428 | 1,095 | -4 | -784 | 315 |
| OPM % | 9% | 23% | 27% | 71% | 87% | -23% | 27% |
| 0 | 0 | 0 | 2 | 30 | 1,451 | 216 | |
| Interest | 171 | 265 | 344 | 376 | 2 | 115 | 134 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 109 | 234 | 84 | 721 | 24 | 552 | 397 |
| Tax % | 31% | 36% | 25% | 27% | 0% | 1% | |
| 75 | 149 | 63 | 527 | 24 | 545 | 389 | |
| EPS in Rs | 0.53 | 12.31 | 8.79 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 556% | 37% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 599% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 105% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 178 | 188 | 188 | 0.00 | 4,376 | 4,368 |
| Reserves | 190 | 340 | 402 | 0 | 589 | 613 |
| 2,284 | 3,710 | 4,679 | 3 | 485 | 1,750 | |
| 924 | 706 | 267 | 5 | 41 | 5 | |
| Total Liabilities | 3,577 | 4,944 | 5,536 | 8 | 5,491 | 6,736 |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,941 | 1,372 |
| 3,577 | 4,944 | 5,536 | 8 | 3,550 | 5,364 | |
| Total Assets | 3,577 | 4,944 | 5,536 | 8 | 5,491 | 6,736 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1,220 | -944 | -398 | 0 | -2 | -40 | |
| 74 | -119 | -151 | 0 | -2,964 | -540 | |
| 1,162 | 1,178 | 626 | -0 | 2,966 | 585 | |
| Net Cash Flow | 16 | 115 | 77 | 0 | 0 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 6 | 5 | 0 | ||
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1 | 6 | 5 | 0 | ||
| Working Capital Days | 23 | 20 | 44 | -0 | ||
| ROCE % | 14% | 9% | 42% | 1% | 11% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1d - Audio recording of Indus Infra Trust earnings call for July 31, 2025, now available online.
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Reg 23(5)(i): Disclosure of material issue
2d - Q1 FY26 results: Rs. 1,205 mn net profit; Rs. 3.25 DPU; detailed asset and debt update.
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Reg 23(5)(i): Disclosure of material issue
30 Jul - Indus Infra Trust announces Q1 FY26 results and INR 3.25/unit distribution to unitholders.
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Reg 18(6): Disclosure of record date for purpose of distribution
30 Jul - Indus Infra Trust declares INR 3.25/unit distribution; record date 4 Aug, payment by 11 Aug 2025.
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Reg 23(5)(i): Disclosure of material issue
28 Jul - Earnings call scheduled on July 31, 2025, to discuss Q1 FY26 financial results of Indus Infra Trust.
Annual reports
No data available.
Concalls
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May 2025TranscriptPPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
Business Overview:[1][2]
a) Indus InvIT is sponsored by AIPL, with GRHIMPL as the investment manager, AIPL as the project manager, and IDBI Trusteeship Services Ltd as the trustee.
b) It is an infrastructure investment trust formed to acquire, manage, and invest in infrastructure assets or securities of infrastructure companies.
c) It raises funds through the InvIT to invest as per SEBI InvIT Regulations and its defined investment objectives and strategy.