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
- Book Value ₹
- Dividend Yield %
- ROCE 2.70 %
- ROE -6.46 %
- Face Value ₹
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -7.36% over last 3 years.
- Contingent liabilities of Rs.1,588 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
Sector: Infrastructure Investment Trusts Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 210 | 197 | 211 | 0 | 319 | 726 | |
| 69 | 36 | 68 | 2 | 160 | 294 | |
| Operating Profit | 141 | 160 | 143 | -2 | 159 | 432 |
| OPM % | 67% | 81% | 68% | 50% | 59% | |
| 3 | 5 | 6 | 0 | 20 | 46 | |
| Interest | 127 | 142 | 140 | 0 | 210 | 419 |
| Depreciation | 30 | 31 | 33 | 0 | 119 | 261 |
| Profit before tax | -13 | -8 | -25 | -2 | -149 | -201 |
| Tax % | 0% | 0% | 0% | 0% | 3% | 5% |
| -13 | -8 | -25 | -2 | -153 | -211 | |
| EPS in Rs | -5.98 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 51% |
| TTM: | 128% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | -7% |
| Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 148 | 148 | 148 | 0.00 | 3,518 | 3,518 |
| Reserves | -54 | -62 | -87 | -4 | -157 | -368 |
| 1,203 | 1,225 | 1,210 | 0 | 4,820 | 4,789 | |
| 65 | 99 | 148 | 3 | 215 | 191 | |
| Total Liabilities | 1,362 | 1,409 | 1,419 | 0 | 8,396 | 8,131 |
| 949 | 918 | 885 | 0 | 7,619 | 7,369 | |
| CWIP | 312 | 334 | 366 | 0 | 1 | 0 |
| Investments | 18 | 45 | 31 | 0 | 34 | 0 |
| 84 | 113 | 136 | 0 | 741 | 762 | |
| Total Assets | 1,362 | 1,409 | 1,419 | 0 | 8,396 | 8,131 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 151 | 177 | 177 | -0 | 184 | 378 | |
| -70 | -71 | -45 | 0 | -6,658 | -275 | |
| -95 | -103 | -125 | 0 | 6,858 | -436 | |
| Net Cash Flow | -14 | 4 | 6 | 0 | 384 | -334 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1 | 0 | 1 | 2 | 1 | |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1 | 0 | 1 | 2 | 1 | |
| Working Capital Days | -55 | -95 | -246 | -194 | -56 | |
| ROCE % | 10% | 9% | -0% | 1% | 3% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
13 Dec - Change in board members and shareholding of Maple Infra InvIT.
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Reg 23(5)(i): Disclosure of material issue
6 Dec - Resignation of Company Secretary and Compliance Officer.
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Reg 23(5)(i): Disclosure of material issue
29 Nov - Change of trust name to Maple Infrastructure Trust.
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Reg 23(5)(i): Disclosure of material issue
23 Nov - Resignation of Unitholder Nominee Director from Board.
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Reg 23(5)(i): Disclosure of material issue
14 Nov - Voting results for name change of IHCT approved.
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