Energy Infrastructure Trust
Incorporated in 2018, Energy Infrastructure
Trust is registered as a contributory irrevocable trust set up under the Indian Trusts Act, and registered as an infrastructure investment
trust under SEBI[1]
- Market Cap ₹ 5,893 Cr.
- Current Price ₹ 88.8
- High / Low ₹ 94.0 / 84.2
- Stock P/E 5.39
- Book Value ₹ 92.2
- Dividend Yield %
- ROCE 18.1 %
- ROE 18.0 %
- Face Value ₹
Pros
- Company is almost debt free.
- Stock is trading at 0.96 times its book value
Cons
- Tax rate seems low
- Company has a low return on equity of 8.87% 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.
Peer comparison
Sector: Infrastructure Investment Trusts Industry: Construction
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 31 | 2,482 | 792 | 598 | 94 | 1,109 | |
| 83 | 26 | 18 | 21 | 9 | 13 | |
| Operating Profit | -52 | 2,456 | 775 | 577 | 85 | 1,096 |
| OPM % | -167% | 99% | 98% | 96% | 90% | 99% |
| 4 | 4 | 4 | 3 | -14 | -14 | |
| Interest | 15 | 119 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -62 | 2,341 | 778 | 580 | 71 | 1,081 |
| Tax % | 0% | 0% | 0% | 0% | 2% | 0% |
| -62 | 2,339 | 777 | 579 | 70 | 1,079 | |
| EPS in Rs | -0.94 | 35.23 | 11.70 | 8.72 | 1.05 | 16.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 104% |
| 3 Years: | 12% |
| TTM: | 1078% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 81% |
| 3 Years: | 12% |
| TTM: | 1206% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 9% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6,640 | 6,045 | 5,581 | 5,158 | 4,708 | 4,228 |
| Reserves | -62 | 1,816 | 1,887 | 1,831 | 1,304 | 1,890 |
| 6,370 | 0 | 0 | 0 | 0 | 0 | |
| 98 | 52 | 60 | 74 | 85 | 121 | |
| Total Liabilities | 13,046 | 7,912 | 7,528 | 7,063 | 6,098 | 6,239 |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 12,993 | 7,862 | 7,474 | 7,014 | 6,048 | 6,193 |
| 52 | 50 | 54 | 49 | 50 | 47 | |
| Total Assets | 13,046 | 7,912 | 7,528 | 7,063 | 6,098 | 6,239 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 8 | 627 | 707 | 628 | -12 | -14 | |
| -12,993 | 6,908 | 463 | 429 | 1,058 | 987 | |
| 13,010 | -7,559 | -1,170 | -1,057 | -1,047 | -973 | |
| Net Cash Flow | 25 | -24 | 0 | -0 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -375 | -0 | -1 | -2 | -6 | -8 |
| ROCE % | 24% | 10% | 8% | 1% | 18% |
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
20h - Notice of Board meeting to declare distribution.
-
Reg 23(5)(i): Disclosure of material issue
11 Mar - Reaffirmation of CRISIL AAA rating for Energy Infrastructure Trust.
-
Reg 23(5)(i): Disclosure of material issue
24 Jan - Credit rating reaffirmed as CARE AAA; Stable.
-
Reg 26K: Quarterly Compliance Report on Corporate governance
21 Jan - Quarterly Compliance Report on Corporate Governance submitted.
-
Unit Holding Pattern
14 Jan - Submission of Unitholding Pattern as of December 31, 2024.
Business Overview:[1]
a) EIT (formerly known as India Infrastructure Trust) is an infrastructure investment trust, InvIT). It owns the entire stake in Pipeline Infrastructure Ltd, a special purpose vehicle, which took over the East-West Pipeline from Reliance Industries Holdings Pvt Ltd. on a going concern basis
b) It is promoted by an indirect subsidiary
of Brookfield Corporation (BN), i.e. Rapid
Holdings 2 Pte Ltd (sponsor).
c) EnCap Investment Manager Pvt Ltd (erstwhile Brookfield India Infrastructure Manager Pvt Ltd.) is the Investment Manager.
d) O&M contractor is a 50:50 JV of the sponsor and Reliance group.
e) IDBI Trusteeship Services Ltd is the debenture trustee