Maple Infrastructure Trust
Incorporated in 2019, Maple Infrastructure Trust invests in infrastructure assets in the Indian road sector and will hold road projects through special purpose vehicles[1]
- Market Cap ₹ 5,071 Cr.
- Current Price ₹ 144
- High / Low ₹ 144 / 120
- Stock P/E 15.1
- Book Value ₹
- Dividend Yield %
- ROCE 9.10 %
- ROE 8.84 %
- Face Value ₹
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 90.4% CAGR over last 5 years
Cons
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 210 | 197 | 0 | 0 | 149 | 373 | |
| 69 | 36 | 2 | 2 | 41 | 50 | |
| Operating Profit | 141 | 160 | -2 | -2 | 108 | 324 |
| OPM % | 67% | 81% | 72% | 87% | ||
| 3 | 5 | 0 | 0 | 10 | 22 | |
| Interest | 127 | 142 | 0 | 0 | 1 | 0 |
| Depreciation | 30 | 31 | 0 | 0 | 0 | 0 |
| Profit before tax | -13 | -8 | -2 | -2 | 117 | 345 |
| Tax % | 0% | 0% | 0% | 0% | 4% | 3% |
| -13 | -8 | -2 | -2 | 112 | 336 | |
| EPS in Rs | 9.53 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | % |
| TTM: | 151% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 90% |
| 3 Years: | 480% |
| TTM: | 199% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 148 | 148 | 0.00 | 0.00 | 3,518 | 3,518 |
| Reserves | -54 | -62 | -2 | -4 | 109 | 444 |
| 1,203 | 1,225 | 0 | 0 | 0 | 0 | |
| 65 | 99 | 2 | 3 | 21 | 30 | |
| Total Liabilities | 1,362 | 1,409 | 0 | 0 | 3,648 | 3,993 |
| 949 | 918 | 0 | 0 | 0 | 0 | |
| CWIP | 312 | 334 | 0 | 0 | 0 | 0 |
| Investments | 18 | 45 | 0 | 0 | 1,010 | 1,010 |
| 84 | 113 | 0 | 0 | 2,638 | 2,983 | |
| Total Assets | 1,362 | 1,409 | 0 | 0 | 3,648 | 3,993 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -0 | -29 | -50 | ||||
| 0 | -3,164 | -228 | ||||
| 0 | 3,518 | 0 | ||||
| Net Cash Flow | 0 | 324 | -278 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 0 | 0 | 0 | ||
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1 | 0 | 0 | 0 | ||
| Working Capital Days | -55 | -95 | 316 | 484 | ||
| ROCE % | 10% | -0% | 6% | 9% |
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
22 Apr - Unanimous approval of amended distribution policy by Maple Infrastructure Trust unitholders via postal ballot.
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Reg 26K: Quarterly Compliance Report on Corporate governance
21 Apr - Corporate Governance Report for Maple Infrastructure Trust for quarter ended March 31, 2025.
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Investor Complaints
9 Apr - Statement of Investor Complaints for Q1 2025.
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Unit Holding Pattern
9 Apr - Unitholding pattern for quarter ended March 31, 2025.
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Reg 23(5)(i): Disclosure of material issue
5 Apr - Receipt of arbitration notice against Shree Jagannath Expressways.
Annual reports
No data available.
Business Overview:[1][2]
MIT is an irrevocable trust established under the Indian Trusts Act and sponsored by Maple Highways Pte. Ltd (a subsidiary of a Canadian Pension Fund). The Trust’s primary objective is
to invest in and operate infrastructure projects in India. It raises capital from investors and uses it to acquire, manage, transfer infrastructure projects.
Company is a long-term institutional platform which owns and operates road assets in India. Currently, its portfolio consists of 2 road assets