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 ₹ 5,627 Cr.
- Current Price ₹ 84.8
- High / Low ₹ 94.0 / 84.2
- Stock P/E 6.91
- Book Value ₹ 38.0
- Dividend Yield %
- ROCE 10.8 %
- ROE 31.4 %
- Face Value ₹
Pros
- Company has delivered good profit growth of 60.2% CAGR over last 5 years
Cons
- Tax rate seems low
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 28 | 2,407 | 1,792 | 2,592 | 2,744 | 3,666 | |
| 69 | 1,165 | 811 | 628 | 697 | 1,480 | |
| Operating Profit | -42 | 1,242 | 980 | 1,964 | 2,047 | 2,186 |
| OPM % | -149% | 52% | 55% | 76% | 75% | 60% |
| 5 | 37 | 32 | 41 | 45 | 161 | |
| Interest | 15 | 675 | 586 | 590 | 591 | 607 |
| Depreciation | 21 | 835 | 852 | 864 | 953 | 917 |
| Profit before tax | -72 | -231 | -425 | 551 | 547 | 823 |
| Tax % | 32% | -9% | 0% | 0% | 0% | 0% |
| -95 | -209 | -427 | 549 | 546 | 822 | |
| EPS in Rs | -1.43 | -3.15 | -6.43 | 8.27 | 8.22 | 12.38 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 165% |
| 3 Years: | 27% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 57% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 21% |
| Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -95 | -765 | -1,853 | -1,983 | -2,035 | -1,706 |
| 10,383 | 10,472 | 10,468 | 6,473 | 6,475 | 6,479 | |
| 477 | 1,263 | 2,171 | 6,137 | 5,770 | 5,682 | |
| Total Liabilities | 17,405 | 17,014 | 16,367 | 15,784 | 14,919 | 14,684 |
| 16,881 | 16,082 | 15,297 | 14,456 | 13,583 | 12,709 | |
| CWIP | 9 | 13 | 27 | 72 | 37 | 50 |
| Investments | 2 | 303 | 441 | 595 | 20 | 415 |
| 513 | 616 | 601 | 661 | 1,279 | 1,510 | |
| Total Assets | 17,405 | 17,014 | 16,367 | 15,784 | 14,919 | 14,684 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -77 | 1,870 | 2,046 | 1,875 | 1,600 | 2,079 | |
| -16,845 | -293 | -221 | -326 | 416 | -295 | |
| 17,010 | -1,651 | -1,748 | -1,639 | -1,628 | -1,570 | |
| Net Cash Flow | 88 | -74 | 77 | -90 | 388 | 213 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1,889 | 17 | 25 | 16 | 19 | 20 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1,889 | 17 | 25 | 16 | 19 | 20 |
| Working Capital Days | 259 | -15 | -143 | -158 | -155 | -94 |
| ROCE % | 3% | 1% | 8% | 8% | 11% |
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
4h - 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