Cube Highways Trust
Incorporated in 2022, Cube Highways Trust
is registered with SEBI as an Infrastructure Investment Trust for roads assets[1]
- Market Cap ₹ 16,681 Cr.
- Current Price ₹ 125
- High / Low ₹ 125 / 100
- Stock P/E 113
- Book Value ₹ 100
- Dividend Yield %
- ROCE 0.72 %
- ROE -12.5 %
- Face Value ₹
Pros
Cons
- Company has low interest coverage ratio.
* 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
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|
| 0 | 0 | 2,916 | 3,358 | |
| 28 | 28 | 1,705 | 901 | |
| Operating Profit | -28 | -28 | 1,211 | 2,457 |
| OPM % | 42% | 73% | ||
| 0 | 0 | 158 | 20 | |
| Interest | 0 | 0 | 873 | 1,045 |
| Depreciation | 0 | 0 | 1,183 | 1,281 |
| Profit before tax | -28 | -28 | -687 | 150 |
| Tax % | 0% | 0% | 3% | |
| -28 | -28 | -706 | 148 | |
| EPS in Rs | -5.47 | 1.14 | ||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | -2806% |
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| Last Year: | -13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 14,477 |
| Reserves | -29 | -29 | -1,528 |
| 0 | 0 | 10,735 | |
| 29 | 29 | 917 | |
| Total Liabilities | 0 | 0 | 24,601 |
| 0 | 0 | 22,142 | |
| CWIP | 0 | 0 | 114 |
| Investments | 0 | 0 | 1,353 |
| 0 | 0 | 993 | |
| Total Assets | 0 | 0 | 24,601 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 0 | 0 | 1,870 | |
| 0 | 0 | -1,033 | |
| 0 | 0 | -1,224 | |
| Net Cash Flow | 0 | 0 | -387 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 8 | ||
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 8 | ||
| Working Capital Days | -42 | ||
| ROCE % | 1% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
27 Mar - Approval for issuance of Debt Securities for INR 1,160 Crores.
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Reg 23(5)(i): Disclosure of material issue
24 Mar - Trading window closure from April 1, 2025.
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Reg 23(5)(i): Disclosure of material issue
24 Mar - Board meeting scheduled for financial assistance approval.
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Reg 23(5)(i): Disclosure of material issue
18 Mar - Postal ballot notice for Cube Highways Trust.
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
18 Mar - Cube Highways Trust receives IND AAA credit ratings.
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.