Bharat Highways InvIT
Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India[1]
- Market Cap ₹ 5,068 Cr.
- Current Price ₹ 114
- High / Low ₹ 119 / 101
- Stock P/E 215
- Book Value ₹ 112
- Dividend Yield %
- ROCE 0.95 %
- ROE 0.95 %
- Face Value ₹
Pros
- Stock is trading at 1.02 times its book value
Cons
- Promoter holding is low: 15.0%
- Tax rate seems low
- Earnings include an other income of Rs.29.6 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 3,093 | 2,170 | 1,600 | 1,536 | 0 | |
| 2,813 | 1,671 | 1,172 | 441 | 4 | |
| Operating Profit | 280 | 499 | 428 | 1,095 | -4 |
| OPM % | 9% | 23% | 27% | 71% | 87% |
| 0 | 0 | 0 | 2 | 30 | |
| Interest | 171 | 265 | 344 | 376 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 109 | 234 | 84 | 721 | 24 |
| Tax % | 31% | 36% | 25% | 27% | 0% |
| 75 | 149 | 63 | 527 | 24 | |
| EPS in Rs | 0.53 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -46% |
| TTM: | -96% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 178 | 188 | 188 | 0 | 4,376 |
| Reserves | 190 | 340 | 402 | 0 | 589 |
| 2,284 | 3,710 | 4,679 | 3 | 485 | |
| 924 | 706 | 267 | 5 | 41 | |
| Total Liabilities | 3,577 | 4,944 | 5,536 | 8 | 5,491 |
| 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,941 |
| 3,577 | 4,944 | 5,536 | 8 | 3,550 | |
| Total Assets | 3,577 | 4,944 | 5,536 | 8 | 5,491 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -1,220 | -944 | -398 | 0 | -2 | |
| 74 | -119 | -151 | 0 | -2,964 | |
| 1,162 | 1,178 | 626 | -0 | 2,966 | |
| Net Cash Flow | 16 | 115 | 77 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 1 | 6 | 5 | 0 | |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 1 | 6 | 5 | 0 | |
| Working Capital Days | 26 | 45 | 100 | 1 | |
| ROCE % | 14% | 9% | 42% | 1% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
13h - Valuation report of Bharat Highways InvIT assets submitted.
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Reg 23(5)(i): Disclosure of material issue
13h - Board meeting outcome including financials and distribution.
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Reg 18(6): Disclosure of record date for purpose of distribution
13h - Record date set for distribution of INR 2.20 per unit.
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Reg 23(5)(i): Disclosure of material issue
1d - Earnings conference call scheduled for November 8, 2024.
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Reg 23(5)(i): Disclosure of material issue
2d - Board meeting to discuss financials and distribution.
Annual reports
No data available.
Business Profile[1] The Trust carries on activities of an infrastructure investment trust under the SEBI InvIT Regulations.