Anzen India Energy Yield Plus Trust
Anzen India Energy Yield Plus Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial AuM of over INR 2,300 cr. The Trust would be looking to invest in a diversified portfolio of energy assets including transmission lines and renewable power projects to provide long term predictable yield and growth to its investors.
- Market Cap ₹ 3,350 Cr.
- Current Price ₹ 131
- High / Low ₹ 131 / 108
- Stock P/E 15.7
- Book Value ₹ 104
- Dividend Yield 9.82 %
- ROCE 8.35 %
- ROE 9.18 %
- Face Value ₹ 117
Pros
- Company is expected to give good quarter
Cons
- Promoter holding has decreased over last quarter: -20.8%
- Promoter holding is low: 23.2%
- Tax rate seems low
- Company has a low return on equity of 8.89% over last 3 years.
- Working capital days have increased from -242 days to 77.8 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 67 | 213 | 219 | 382 | |
| 1 | 2 | 4 | 5 | |
| Operating Profit | 66 | 211 | 215 | 377 |
| OPM % | 98% | 99% | 98% | 99% |
| 4 | 4 | 4 | 0 | |
| Interest | 21 | 64 | 69 | 163 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 48 | 151 | 150 | 214 |
| Tax % | 3% | 1% | 1% | 0% |
| 47 | 150 | 148 | 213 | |
| EPS in Rs | 2.97 | 9.47 | 7.54 | 8.34 |
| Dividend Payout % | 81% | 26% | 32% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 79% |
| TTM: | 75% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 1,562 | 1,562 | 1,957 | 2,652 |
| Reserves | 27 | 23 | 16 | 19 |
| 742 | 744 | 1,895 | 2,486 | |
| 4 | 2 | 18 | 13 | |
| Total Liabilities | 2,336 | 2,331 | 3,886 | 5,170 |
| 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 1,186 | 1,184 | 1,717 | 2,968 |
| 1,150 | 1,148 | 2,169 | 2,201 | |
| Total Assets | 2,336 | 2,331 | 3,886 | 5,170 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1 | -5 | -5 | -5 | |
| -1,434 | 220 | -1,319 | -905 | |
| 1,434 | -216 | 1,331 | 904 | |
| Net Cash Flow | 0 | 0 | 6 | -6 |
| Free Cash Flow | 1 | -5 | -5 | -5 |
| CFO/OP | 4% | -2% | -2% | -1% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 |
| Working Capital Days | -23 | -4 | -800 | 78 |
| ROCE % | 9% | 7% | 8% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Transmission Line Availability - DMTCL % |
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| Transmission Line Availability - NRSS % |
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| Solar Plant Load Factor (PLF) - AC % |
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| Transmission Capacity (Network Length) ckt km |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
23 May - Filed half-year related party transaction disclosure for period ended March 31, 2026.
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Reg 23(5)(i): Disclosure of material issue
22 May - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed; no current deviations reported.
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Reg 23(5)(i): Disclosure of material issue
22 May - Anzen reports nil deviation and full utilization of ₹4,012.65 million institutional placement proceeds by March 31, 2026.
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Reg 23(5)(i): Disclosure of material issue
22 May - Reported nil deviation in preferential issue proceeds; ₹6,823.24 million utilized, ₹141.19 million unutilized as of March 31, 2026.
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Reg 21: Disclosure of valuation report received by the manager
22 May - Submitted FY26 valuation report; NAV at ₹124.78 standalone and ₹124.78 consolidated per unit.
Annual reports
No data available.
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptPPT
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Feb 2025TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
Overview[1]
Anzen builds high-quality portfolio of energy assets in India. It is focused on generating total returns through long term predictable yield & value accretive growth. It is managed by Edelweiss Real Assets Managers, part of the Edelweiss Alternatives business. The company has a mature operating asset portfolio of 2 transmission projects : Operating history ~8 years, Balance tenor ~27 years. The company has Right of First Offer (“ROFO”) on 12 solar projects : ~813 MWp.