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
- Book Value ₹ 59.0
- Dividend Yield %
- ROCE 9.19 %
- ROE -4.64 %
- 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 -9.22% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 801 | 975 | 1,490 | 1,666 | 1,970 | 3,104 | |
| 633 | 664 | 644 | 813 | 824 | 1,272 | |
| Operating Profit | 168 | 311 | 846 | 854 | 1,146 | 1,831 |
| OPM % | 21% | 32% | 57% | 51% | 58% | 59% |
| 15 | 27 | 136 | 109 | 132 | 360 | |
| Interest | 420 | 587 | 902 | 941 | 973 | 1,349 |
| Depreciation | 281 | 349 | 587 | 643 | 764 | 1,079 |
| Profit before tax | -517 | -598 | -507 | -621 | -459 | -237 |
| Tax % | -5% | -20% | -7% | -16% | -13% | -34% |
| -491 | -480 | -470 | -524 | -401 | -157 | |
| EPS in Rs | -13.26 | -7.74 | -7.58 | -8.45 | -6.46 | -1.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 28% |
| TTM: | 58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 17% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | -9% |
| Last Year: | -5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 187 | -379 | -983 | -2,076 | -3,028 | -4,732 |
| 1,016 | 4,434 | 4,310 | 4,446 | 4,447 | 8,503 | |
| 3,823 | 5,660 | 5,935 | 5,931 | 5,755 | 7,327 | |
| Total Liabilities | 8,727 | 16,339 | 15,886 | 14,925 | 13,797 | 21,984 |
| 8,366 | 14,819 | 14,134 | 13,322 | 12,403 | 20,339 | |
| CWIP | 2 | 4 | 2 | 8 | 1 | 97 |
| Investments | 245 | 47 | 10 | 467 | 11 | 0 |
| 113 | 1,470 | 1,740 | 1,128 | 1,383 | 1,548 | |
| Total Assets | 8,727 | 16,339 | 15,886 | 14,925 | 13,797 | 21,984 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 373 | 532 | 1,060 | 1,065 | 820 | 1,482 | |
| -353 | -137 | -339 | -404 | 403 | -7,374 | |
| 10 | 304 | -686 | -1,108 | -933 | 6,075 | |
| Net Cash Flow | 30 | 699 | 35 | -447 | 290 | 183 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 2 | 8 | 14 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 2 | 8 | 14 |
| Working Capital Days | -200 | -259 | -150 | -224 | -171 | -119 |
| ROCE % | -0% | 3% | 3% | 5% | 9% |
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.