IndInfravit Trust
IndInfravit was established by L&T Infrastructure Development Projects Limited on March 7, 2018, as an irrevocable Trust. It is registered as an infrastructure investment trust under the SEBI (InvIT) Regulations on March 15, 2018.[1]
- Market Cap ₹ 8,382 Cr.
- Current Price ₹ 135
- High / Low ₹ /
- Stock P/E 38.2
- Book Value ₹ 70.0
- Dividend Yield %
- ROCE 7.27 %
- ROE 3.81 %
- Face Value ₹
Pros
- Promoter holding has increased by 13.5% over last quarter.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -5.23% over last 3 years.
* 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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 391 | 455 | 867 | 966 | 992 | 1,278 | |
| 14 | 311 | 603 | 1,063 | 1,327 | 434 | |
| Operating Profit | 377 | 144 | 264 | -97 | -335 | 844 |
| OPM % | 96% | 32% | 30% | -10% | -34% | 66% |
| 1 | 4 | 10 | 9 | 6 | 202 | |
| Interest | 52 | 63 | 201 | 316 | 340 | 630 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 325 | 86 | 74 | -404 | -669 | 416 |
| Tax % | 0% | 2% | 6% | 1% | 1% | 2% |
| 325 | 84 | 69 | -408 | -675 | 406 | |
| EPS in Rs | 8.78 | 1.35 | 1.12 | -6.58 | -10.89 | 3.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 14% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | 47% |
| TTM: | 133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3,700 | 6,624 | 6,624 | 6,624 | 6,624 | 10,886 |
| Reserves | 147 | -145 | -210 | -1,187 | -2,414 | -3,585 |
| 566 | 2,217 | 2,192 | 3,960 | 3,976 | 8,022 | |
| 2 | 145 | 68 | 50 | 53 | 45 | |
| Total Liabilities | 4,415 | 8,840 | 8,673 | 9,447 | 8,239 | 15,367 |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 2 | 2 | 2 | 0 | 0 |
| Investments | 1,080 | 1,847 | 1,748 | 1,720 | 1,274 | 5,676 |
| 3,335 | 6,991 | 6,924 | 7,725 | 6,965 | 9,690 | |
| Total Assets | 4,415 | 8,840 | 8,673 | 9,447 | 8,239 | 15,367 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -2,956 | -2,741 | 590 | -1,092 | -85 | -121 | |
| -524 | -262 | -207 | -172 | 1,193 | -6,156 | |
| 3,481 | 3,411 | -359 | 884 | -876 | 6,111 | |
| Net Cash Flow | 0 | 409 | 24 | -380 | 232 | -166 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 247 | 1,232 | 944 | 1,121 | 1,252 | 1,439 |
| ROCE % | 2% | 3% | -1% | -4% | 7% |
InvITs structure[1] IndInfravit Trust is registered with SEBI as an Infrastructure Investment Trust. It is a collective investment vehicle that pools together funds from long-term investors to acquire income-generating infrastructure assets from developers. InvlTs are managed by an independent trustee and investment managers, whose Board comprises at least 50% of independent directors.