IndiGrid Infrastructure Trust

176.080.32%

2026-08-21

indigrid.co.inBSE: 540565NSE: INDIGRID
Market Cap₹ 0 Cr.
Current Price₹ 132
High / Low₹ 181 / 159
Stock P/E0.0
Book Value₹ 0
Price to Book1.31
Dividend Yield0.00 %
ROCE10.0 %
ROE14.3 %
Face Value₹ 0

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ABOUT

KEY POINTS

PROS

  • Solid return on assets for a lender - ROA of 4.7%
  • Asset quality is healthy - gross NPA of just 0.0%
  • Latest quarter profit grew 4603.5% YoY, showing strong momentum
  • Company has delivered good sales growth of 19.8% CAGR over last 5 years
  • Attractively priced for its growth - PEG of 0.9

CONS

  • Capital adequacy is tight at 0.0% - limited headroom to grow
  • Company has a low return on capital employed of 10.0%
  • Equity base is being diluted - shares outstanding up 55.4%
  • Effective tax rate is unusually low at 0.5% - earnings may be flattered
  • Company has delivered a poor profit growth of 5.4% over past five years
  • Thin net interest margin of 0.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BAJAJFINSV2010.0031.74322014.330.076296.6718.1542036.9092.2211.8840.79
2.AIIL549.8522.2646694.660.0011082.201075.1914695.401109.3730.2788.91
3.CHOLAHLDNG1558.3510.9629262.300.081788.9942.0411113.5742.9210.5257.53
4.TVSHLTD13946.9514.3228217.610.621173.5873.7717076.1840.0119.3916.25
5.CGCL226.4019.3221783.170.09353.38102.041576.4762.1211.1868.54
6.MAHSCOOTER13359.100.0015267.541.653.32-90.615.41-81.521.0684.10
7.JSWHL11370.6091.8712620.940.0024.54-92.7434.5814.970.5892.45
8.JMFINANCIL126.4511.6312100.762.57368.57-19.661200.539.6911.9158.30
9.TSFINV414.7018.929210.652.69124.95-92.11305.57102.233.4753.35
10.RELIGARE230.10144.407932.320.00-46.98-674.862353.401051.7611.46-2.08
11.KAMAHOLD2440.108.417830.421.70584.0210.804657.567.0720.8622.01
12.INDIGRID176.600.000.000.002459.3710866.551248.267.9980.21
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024
687
5
Operating Profit
OPM %
Other Income
20
Interest
361
Depreciation
0
340
Tax %
0.52%
Net Profit
338
4
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
696
380
Operating Profit
OPM %
Other Income
22
Interest
362
Depreciation
0
338
Tax %
0.08%
Net Profit
338
0
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
778
32
Operating Profit
OPM %
Other Income
20
Interest
394
Depreciation
0
371
Tax %
0.01%
Net Profit
371
4
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
8,454
4,337
Operating Profit
OPM %
Other Income
602
Interest
3,920
Depreciation
11
4,719
Tax %
1.60%
Net Profit
4,644
5
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
1,257
99
Operating Profit
1,507
OPM %
120
Other Income
350
Interest
435
Depreciation
0
1,072
Tax %
-0
Net Profit
1,072
EPS
18
Dividend Payout %
66
Minority Interest
0
Share of Associates
0
Adjusted EPS
18
Minority Interest
0
Share of Associates
0
Adjusted EPS
18
Mar 2022
2,047
182
Operating Profit
1,867
OPM %
91
Other Income
2
Interest
943
Depreciation
0
923
Tax %
0
Net Profit
921
EPS
13
Dividend Payout %
96
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Mar 2023
2,229
207
Operating Profit
2,022
OPM %
91
Other Income
0
Interest
1,001
Depreciation
1
1,020
Tax %
0
Net Profit
1,017
EPS
15
Dividend Payout %
87
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Mar 2024
2,717
357
Operating Profit
2,361
OPM %
87
Other Income
0
Interest
1,307
Depreciation
1
1,052
Tax %
0
Net Profit
1,049
EPS
13
Dividend Payout %
103
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Mar 2025
2,720
127
Operating Profit
2,685
OPM %
99
Other Income
92
Interest
1,402
Depreciation
1
1,282
Tax %
0
Net Profit
1,281
EPS
15
Dividend Payout %
100
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Mar 2026
3,101
211
Operating Profit
2,963
OPM %
96
Other Income
73
Interest
1,561
Depreciation
2
1,399
Tax %
1
Net Profit
1,392
EPS
16
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
TTM
10,614
4,754
Operating Profit
OPM %
Other Income
664
Interest
5,037
Depreciation
12
5,768
Tax %
1
Net Profit
5,691
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
20%
3 Years:
12%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
5%
3 Years:
11%

STOCK PRICE CAGR

10 Years:
5 Years:
7%
3 Years:
12%
1 Year:
39%

RETURN ON EQUITY

10 Years:
5 Years:
15%
3 Years:
15%
Last Year:
14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Aug 17

2026

May 19

Income Distribution (InvIT)

2026

Feb 17

2025

Nov 14

Income Distribution (InvIT)

2025

Jul 29

Income Distribution (InvIT)

2025

May 20

Income Distribution (InvIT)

2025

Jan 28

2024

Oct 30

2024

Jul 30

2024

May 30

2023

Aug 3

2023

May 18

2021

Nov 1

2021

Aug 4

2021

Jun 1

Mar 2022
Equity Capital
6,590
229
1,722
Trade Payables
6
10,997
Total Liabilities
19,544
8
4,897
Cash & Bank
1,017
13,623
Total Assets
19,544
Total Debt
12,470
Net Working Capital
-632
Contingent Liabilities
0
Book Value per Share
97.40
Face Value
94.12
Total Debt
12,470
Net Working Capital
-632
Contingent Liabilities
0
Book Value per Share
97.40
Face Value
94.12
Mar 2023
Equity Capital
6,590
330
926
Trade Payables
8
13,793
Total Liabilities
21,646
7
4,806
Cash & Bank
506
16,327
Total Assets
21,646
Total Debt
14,493
Net Working Capital
-26
Contingent Liabilities
0
Book Value per Share
98.83
Face Value
94.12
Total Debt
14,493
Net Working Capital
-26
Contingent Liabilities
0
Book Value per Share
98.83
Face Value
94.12
Mar 2024
Equity Capital
7,645
358
884
Trade Payables
40
17,476
Total Liabilities
26,402
6
7,026
Cash & Bank
122
19,249
Total Assets
26,402
Total Debt
18,147
Net Working Capital
-60
Contingent Liabilities
0
Book Value per Share
102.12
Face Value
97.55
Total Debt
18,147
Net Working Capital
-60
Contingent Liabilities
0
Book Value per Share
102.12
Face Value
97.55
Mar 2025
Equity Capital
8,332
440
1,074
Trade Payables
7
17,792
Total Liabilities
27,646
5
8,009
Cash & Bank
173
19,459
Total Assets
27,646
Total Debt
18,768
Net Working Capital
915
Contingent Liabilities
0
Book Value per Share
105.12
Face Value
99.84
Total Debt
18,768
Net Working Capital
915
Contingent Liabilities
0
Book Value per Share
105.12
Face Value
99.84
Mar 2026
Equity Capital
10,244
431
1,926
Trade Payables
23
18,977
Total Liabilities
31,601
6
7,158
Cash & Bank
96
24,341
Total Assets
31,601
Total Debt
20,810
Net Working Capital
49
Contingent Liabilities
0
Book Value per Share
126.13
Face Value
121.03
Total Debt
20,810
Net Working Capital
49
Contingent Liabilities
0
Book Value per Share
126.13
Face Value
121.03

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
-100
Cash from Investing
-5,083
Cash from Financing
5,661
478
Free Cash Flow
-100
OCF / Net Profit
-0.09
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.09
Cumulative 5-Year FCF
0
Mar 2022
-54
Cash from Investing
-1,280
Cash from Financing
1,428
94
Free Cash Flow
-54
OCF / Net Profit
-0.06
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.06
Cumulative 5-Year FCF
0
Mar 2023
-21
Cash from Investing
-675
Cash from Financing
106
-590
Free Cash Flow
-22
OCF / Net Profit
-0.02
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.02
Cumulative 5-Year FCF
0
Mar 2024
-47
Cash from Investing
-2,523
Cash from Financing
2,382
-188
Free Cash Flow
-48
OCF / Net Profit
-0.04
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.04
Cumulative 5-Year FCF
0
Mar 2025
-70
Cash from Investing
1,394
Cash from Financing
-1,302
22
Free Cash Flow
-71
OCF / Net Profit
-0.05
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.05
Cumulative 5-Year FCF
0
Mar 2026
-20
Cash from Investing
-963
Cash from Financing
978
-5
Free Cash Flow
-23
OCF / Net Profit
-0.01
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.01
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
EPS (₹)
18.38
Book Value (₹)
94.42
Dividend per Share (₹)
12.10
Cash EPS (₹)
18.38
Operating Margin %
119.95%
Net Margin %
85.34%
ROE %
19.47%
ROCE %
9.39%
6.57%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
1.92x
Interest Coverage (x)
3.47x
3.50x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
13.15
Book Value (₹)
97.40
Dividend per Share (₹)
12.66
Cash EPS (₹)
13.15
Operating Margin %
91.19%
Net Margin %
44.99%
ROE %
14.94%
ROCE %
10.56%
5.13%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
1.83x
Interest Coverage (x)
1.98x
0.68x
Revenue Growth %
62.89%
Operating Profit Growth %
23.84%
Net Profit Growth %
-14.14%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
14.52
Book Value (₹)
98.83
Dividend per Share (₹)
12.57
Cash EPS (₹)
14.54
Operating Margin %
90.72%
Net Margin %
45.61%
ROE %
14.80%
ROCE %
9.93%
4.94%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
2.09x
Interest Coverage (x)
2.02x
0.98x
Revenue Growth %
8.89%
Operating Profit Growth %
8.32%
Net Profit Growth %
10.40%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
13.39
Book Value (₹)
102.12
Dividend per Share (₹)
13.75
Cash EPS (₹)
13.40
Operating Margin %
86.87%
Net Margin %
38.60%
ROE %
14.06%
ROCE %
9.92%
4.37%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
2.27x
Interest Coverage (x)
1.80x
0.96x
Revenue Growth %
21.91%
Operating Profit Growth %
16.75%
Net Profit Growth %
3.18%
-7.81%
P/E (x)
9.92x
P/B (x)
1.30x
Dividend Yield %
10.36%
12.04x
Mar 2025
EPS (₹)
15.34
Book Value (₹)
105.12
Dividend per Share (₹)
15.33
Cash EPS (₹)
15.36
Operating Margin %
95.35%
Net Margin %
47.08%
ROE %
15.27%
ROCE %
10.00%
4.74%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
2.14x
Interest Coverage (x)
1.91x
1.54x
Revenue Growth %
0.10%
Operating Profit Growth %
13.75%
Net Profit Growth %
22.08%
14.63%
P/E (x)
9.17x
P/B (x)
1.34x
Dividend Yield %
10.89%
11.30x
Mar 2026
EPS (₹)
16.45
Book Value (₹)
126.13
Dividend per Share (₹)
0.00
Cash EPS (₹)
16.48
Operating Margin %
93.21%
Net Margin %
44.90%
ROE %
14.32%
ROCE %
10.03%
4.70%
Debtor Days
0
Inventory Days
0
Payable Days
0
0
Debt to Equity (x)
1.95x
Interest Coverage (x)
1.90x
1.02x
Revenue Growth %
13.99%
Operating Profit Growth %
10.33%
Net Profit Growth %
8.71%
7.20%
P/E (x)
10.05x
P/B (x)
1.31x
Dividend Yield %
0.00%
11.72x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2017
100.00
FIIs
0.00
DIIs
0.00
Government
0.00
Public
0.00

Documents

Announcements

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls