Cube Highways Trust
Incorporated in 2022, Cube Highways Trust
is registered with SEBI as an Infrastructure Investment Trust for roads assets[1]
- Market Cap ₹ 16,280 Cr.
- Current Price ₹ 122
- High / Low ₹ 125 / 100
- Stock P/E 14.0
- Book Value ₹ 109
- Dividend Yield %
- ROCE 9.57 %
- ROE 4.84 %
- Face Value ₹
Pros
- Stock is trading at 1.12 times its book value
Cons
- Promoter holding has decreased over last quarter: -12.6%
- Working capital days have increased from -75.0 days to 73.6 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
Sector: Infrastructure Investment Trusts Industry: Construction
Half Yearly 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 | TTM | |
|---|---|---|---|---|---|---|
| 1,327 | 1,629 | 2,055 | 0 | 1,885 | 2,066 | |
| 532 | 750 | 1,113 | 28 | 715 | -54 | |
| Operating Profit | 795 | 878 | 942 | -28 | 1,169 | 2,120 |
| OPM % | 60% | 54% | 46% | 62% | 103% | |
| 62 | 376 | 102 | 0 | 12 | 0 | |
| Interest | 684 | 1,042 | 1,394 | 0 | 829 | 948 |
| Depreciation | 326 | 378 | 549 | 0 | 0 | 0 |
| Profit before tax | -152 | -165 | -899 | -28 | 353 | 1,172 |
| Tax % | -12% | 46% | -8% | 0% | 1% | |
| -134 | -241 | -825 | -28 | 348 | 1,167 | |
| EPS in Rs | 2.70 | 8.90 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| 3 Years: | 5% |
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| Compounded Profit Growth | |
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| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| TTM: | 1316% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 734 | 779 | 852 | 0.00 | 14,477 |
| Reserves | 252 | -488 | -868 | -29 | -475 |
| 6,040 | 12,369 | 13,024 | 0 | 10,515 | |
| 1,538 | 3,315 | 2,472 | 29 | 23 | |
| Total Liabilities | 8,565 | 15,976 | 15,481 | 0 | 24,540 |
| 6,401 | 12,165 | 11,995 | 0 | 0 | |
| CWIP | 971 | 1,044 | 726 | 0 | 0 |
| Investments | 22 | 116 | 0 | 0 | 10,324 |
| 1,170 | 2,651 | 2,759 | 0 | 14,216 | |
| Total Assets | 8,565 | 15,976 | 15,481 | 0 | 24,540 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 895 | 1,356 | 863 | 0 | -68 | |
| -335 | -6,193 | -276 | 0 | -12,642 | |
| -661 | 5,366 | 183 | 0 | 12,711 | |
| Net Cash Flow | -100 | 530 | 770 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 18 | 17 | 13 | 0 | |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 18 | 17 | 13 | 0 | |
| Working Capital Days | -224 | -354 | -224 | 74 | |
| ROCE % | 6% | 4% | -0% | 10% |
Documents
Announcements
-
Reg 26K: Quarterly Compliance Report on Corporate governance
7h - Submission of Corporate Governance compliance report for Q4 2024.
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Investor Complaints
16h - Statement of investor complaints for Q4 2024.
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Reg 23(5)(i): Disclosure of material issue
16h - Statement of Subordinate Unitholding Pattern for Q4 2024.
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Unit Holding Pattern
16h - Statement of Ordinary Unitholding Pattern for Q4 2024.
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Reg 23(5)(i): Disclosure of material issue
9 Jan - Appointment of interim Compliance Officer for Cube Highways Trust.
Annual reports
No data available.
Business Overview:[1][2][3]
CHT is an infrastructure investment trust (InvIT) in the roads and highways sector. It is one of the largest InvITs in the road assets sector and operates 25 road assets, including 18 NHAI toll road assets, 1 NHAI annuity, 6 NHAI HAM and one state toll project, with an aggregate length of 1,940 km (8,450 lane kms) spread across12 states, and 27 toll plazas.
Further, the InvIT is acquiring one state toll road project NAMEL by end of FY25.