IndiGrid Trust

Why is India Grid Infrastructure Trust falling/rising?

As of 18-Jul, the stock price of India Grid Infrastructure Trust is stable at Rs 178.94, with a mixed performance recently, showing a slight decline over the past week but a positive return over the month and year-to-date. Despite strong fundamentals and high institutional ownership, concerns about valuation and declining investor participation may lead to a cautious outlook.

As of 18-Jul, the stock price of India Grid Infrastructure Trust is currently stable at Rs 178.94, showing no change from the previous trading session. Despite this stability, the stock has demonstrated a mixed performance in recent periods. Over the past week, it has slightly underperformed with a decline of 0.36%, while it has shown a positive return of 4.01% over the past month. Year-to-date, the stock has risen by 6.10%, significantly outperforming the broader market, which has seen a decline of 8.30%.<BR><BR>The stock has been gaining momentum recently, with a consecutive gain over the last three days, resulting in a total increase of 0.55% during this period. Additionally, it is trading above its moving averages across various time frames, indicating a positive trend. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 47.67% compared to the five-day average.<BR><BR>The company's strong fundamentals support its stock price, with a notable 15.30% compound annual growth rate (CAGR) in operating profits and a significant increase in net sales. The stock has also outperformed the market over the past year, achieving a return of 15.00% while the broader market has declined. Furthermore, the high institutional ownership at 51.83% suggests confidence from more knowledgeable investors.<BR><BR>On the downside, the stock is considered expensive with a price-to-book value of 2.8, and while it has generated positive returns, its profits have decreased by 1% over the past year. The high dividend yield of 13.36% at the current price may also attract investors, but the valuation concerns could weigh on future performance.<BR><BR>In summary, while India Grid Infrastructure Trust has shown resilience and growth potential, the lack of recent price movement, declining investor participation, and valuation concerns may contribute to a cautious outlook among investors.

Which are the latest news on IndiGrid Trust?

Should I buy, sell or hold India Grid Infrastructure Trust?

What does IndiGrid Trust do?

India Grid Infrastructure Trust is a small-cap Infrastructure Investment Trust focused on the construction industry, incorporated in 2016. As of March 2026, it reported net sales of ₹2,240 Cr and a net profit of ₹182 Cr, with a market cap of ₹16,429 Cr.

Overview: <BR>India Grid Infrastructure Trust is an Infrastructure Investment Trust operating in the construction industry and categorized as a small-cap entity.<BR><BR>History: <BR>Incorporated on October 21, 2016, India Grid Trust was settled by Sterlite Power Grid Ventures Limited and registered with the Securities Exchange Board of India (SEBI) on November 28, 2016. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 2,240 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 182 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 16,429 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 42.00 <BR>Industry P/E: 20 <BR>Dividend Yield: 13.89% <BR>Debt Equity: 3.52 <BR>Return on Equity: 6.49% <BR>Price to Book: 2.70 <BR><BR>Contact Details: <BR>Address: Maker Maxity 5 North Avenue, Level 5 Bandra Kurla Complex Mumbai Maharashtra : 400051 <BR>Tel: 91-22-49962200 <BR>Email: complianceofficer@indigrid.co.in <BR>Website: http://www.indigrid.co.in

How big is IndiGrid Trust?

As of 10th June, India Grid Infrastructure Trust has a market capitalization of 16,429.00 Cr, with recent net sales of 4,768.38 Cr and a net profit of 394.25 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: India Grid Infrastructure Trust has a market capitalization of 16,429.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 4,768.38 Cr, while the sum of Net Profit for the same period is 394.25 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 5,163.09 Cr, and Total Assets amount to 26,426.91 Cr.

Who are in the management team of IndiGrid Trust?

The management team of IndiGrid Trust includes Harsh Shah (CEO), Hardik Shah, Ami Momaya, and Urmil Shah (Company Secretary), along with Independent Directors Tarun Kataria, Ashok Sethi, and Jayashree Vaidhyanathan, who oversee operations and strategic direction.

The management team of IndiGrid Trust includes the following individuals:<BR><BR>1. **Harsh Shah** - Whole Time Director & CEO<BR>2. **Hardik Shah** - Director<BR>3. **Ami Momaya** - Director<BR>4. **Urmil Shah** - Company Secretary & Compliance Officer<BR><BR>Additionally, there are several Independent Directors on the board:<BR><BR>1. **Tarun Kataria** - Independent Director<BR>2. **Ashok Sethi** - Independent Director<BR>3. **Jayashree Vaidhyanathan** - Independent Director<BR><BR>This team plays a crucial role in overseeing the operations and strategic direction of IndiGrid Trust.

Who are the peers of the IndiGrid Trust?

The peers of IndiGrid Trust include IRB Infra.Devl., Kalpataru Proj., Cemindia Project, KEC International, Engineers India, Ircon Intl., Afcons Infrastr., Vertis Infra., and IRB Infra. Trust. IndiGrid Trust has good growth and excellent capital structure, with a 1-year return of 11.95%, lower than Cemindia Project's 50.87% but higher than KEC International's -46.66%.

Peers: The peers of the IndiGrid Trust are IRB Infra.Devl., Kalpataru Proj., Cemindia Project, KEC Internationa, Engineers India, Ircon Intl., Afcons Infrastr., Vertis Infra., and IRB Infra. Trust.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kalpataru Proj., Cemindia Project, and KEC Internationa, while Good management risk is found at Engineers India and the rest. Average management risk is present at IRB Infra.Devl., IndiGrid Trust, Ircon Intl., Afcons Infrastr., and the rest. Below Average management risk is noted at Vertis Infra. and IRB Infra. Trust. Growth ratings show Excellent growth at Cemindia Project and IRB Infra. Trust, while Good growth is seen at IndiGrid Trust, and Average growth is found at Kalpataru Proj. and KEC Internationa, with Below Average growth at IRB Infra.Devl., Engineers India, Ircon Intl., Afcons Infrastr., and the rest. Capital Structure is Excellent for IndiGrid Trust and Engineers India, Good for Cemindia Project and Ircon Intl., Average for Kalpataru Proj. and KEC Internationa, and Below Average for IRB Infra.Devl., Afcons Infrastr., Vertis Infra., and IRB Infra. Trust.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Cemindia Project at 50.87%, while KEC Internationa has the lowest at -46.66%. IndiGrid Trust's 1-year return of 11.95% is higher than KEC Internationa's but lower than Cemindia Project's. Additionally, KEC Internationa, Ircon Intl., Afcons Infrastr., and Engineers India have negative six-month returns.

Are India Grid Infrastructure Trust latest results good or bad?

India Grid Infrastructure Trust's latest results show strong revenue and profit growth, but concerns arise from declining profit margins, high debt levels, and low return on equity, suggesting a mixed overall performance. Investors should consider the high dividend yield alongside these risks.

India Grid Infrastructure Trust's latest results for Q4 FY26 show a mixed picture. On one hand, the company achieved remarkable revenue growth, with net sales soaring to ₹2,239.57 crores, reflecting a staggering 159.74% increase quarter-on-quarter and a 156.15% rise year-on-year. The net profit also saw a significant boost, reaching ₹182.26 crores, which is an 88.89% increase from the previous quarter and a 60.05% increase year-on-year.<BR><BR>However, despite these impressive figures, there are underlying concerns. The profit after tax (PAT) margin has compressed to 8.27% from 11.59% in the previous quarter, indicating challenges in maintaining profitability despite higher sales. Additionally, the operating margin (excluding other income) dropped dramatically from 88.50% to 39.68%, raising questions about cost management and pricing power.<BR><BR>The company also faces high leverage, with a net debt-to-equity ratio of 4.78, which is significantly above industry norms. This high level of debt constrains financial flexibility and increases vulnerability to interest rate fluctuations. Furthermore, the return on equity (ROE) is relatively low at 6.82%, which does not adequately compensate for the risks associated with such high leverage.<BR><BR>In summary, while the revenue and profit growth are commendable, the operational challenges, margin volatility, and high debt levels suggest that the overall results are not entirely positive. Investors should weigh the strong dividend yield of 12.91% against these risks when considering their positions in the trust.

How has been the historical performance of IndiGrid Trust?

IndiGrid Trust has shown significant growth in net sales and operating profit, with net sales increasing from 672.70 Cr in Mar'19 to 3,287.64 Cr in Mar'25, and operating profit rising from 565.06 Cr to 3,039.99 Cr in the same period. However, profit after tax peaked at 465.78 Cr in Mar'23 before declining to 410.50 Cr in Mar'25, while total liabilities and assets both grew substantially.

Answer:<BR>The historical performance of IndiGrid Trust shows significant growth in net sales and operating profit over the years, with net sales increasing from 672.70 Cr in Mar'19 to 3,287.64 Cr in Mar'25. The total operating income followed a similar upward trend, reaching 3,287.64 Cr in Mar'25, up from 672.70 Cr in Mar'19. Operating profit (PBDIT) also saw a substantial rise, from 565.06 Cr in Mar'19 to 3,039.99 Cr in Mar'25. However, profit after tax fluctuated, peaking at 465.78 Cr in Mar'23 before dropping to 410.50 Cr in Mar'25. The company's total liabilities increased from 11,792.02 Cr in Mar'20 to 26,426.91 Cr in Mar'25, while total assets rose from 11,792.02 Cr in Mar'20 to 26,426.91 Cr in Mar'25, indicating a growing scale of operations. The cash flow from operating activities improved significantly, reaching 2,901.00 Cr in Mar'25, compared to 1,124.00 Cr in Mar'20, although net cash outflow was recorded at -127.00 Cr in Mar'25.<BR><BR>Breakdown:<BR>IndiGrid Trust's financial performance has demonstrated a robust growth trajectory, particularly in net sales and operating profit, with net sales climbing from 672.70 Cr in Mar'19 to 3,287.64 Cr in Mar'25. This growth in revenue is mirrored by an increase in total operating income, which reached 3,287.64 Cr in Mar'25. Operating profit (PBDIT) also exhibited a strong upward trend, rising from 565.06 Cr in Mar'19 to 3,039.99 Cr in Mar'25. Despite these gains, profit after tax showed variability, peaking at 465.78 Cr in Mar'23 before declining to 410.50 Cr in Mar'25. The company's total liabilities and assets both expanded significantly, with total liabilities increasing from 11,792.02 Cr in Mar'20 to 26,426.91 Cr in Mar'25, while total assets grew correspondingly from 11,792.02 Cr to 26,426.91 Cr. Cash flow from operating activities also improved, reaching 2,901.00 Cr in Mar'25, although the company faced a net cash outflow of -127.00 Cr during the same period.

Has IndiGrid Trust declared dividend?

Yes, India Grid Infrastructure Trust has declared a 4% dividend, amounting to 5.4572 per share, with an ex-date of November 14, 2025. The trust has shown strong total returns across various periods, indicating positive financial performance.

India Grid Infrastructure Trust has declared a 4% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 4%<BR>- Amount per share: 5.4572<BR>- Ex-date: 14 Nov 25<BR><BR>Dividend Yield: 8.73%<BR><BR>Total Returns by Period:<BR>In the 3-month period, the price return was 8.4%, the dividend return was 3.42%, resulting in a total return of 11.82%.<BR><BR>In the 6-month period, the price return was 15.76%, the dividend return was 10.88%, leading to a total return of 26.64%.<BR><BR>Over the 1-year period, the price return was 20.74%, the dividend return was 14.36%, culminating in a total return of 35.1%.<BR><BR>For the 2-year period, the price return was 29.57%, the dividend return was 25.96%, which resulted in a total return of 55.53%.<BR><BR>In the 3-year period, the price return was 22.4%, the dividend return was 33.28%, giving a total return of 55.68%.<BR><BR>During the 4-year period, the price return was 22.41%, the dividend return was 39.64%, resulting in a total return of 62.05%.<BR><BR>In the 5-year period, the price return was 54.68%, the dividend return was 61.88%, leading to a total return of 116.56%.<BR><BR>Overall, the declaration of a dividend alongside strong total returns across various periods indicates a positive financial performance for India Grid Infrastructure Trust, reflecting both income generation through dividends and substantial capital appreciation.

Who are the top shareholders of the IndiGrid Trust?

The top shareholders of IndiGrid Trust include Foreign Institutional Investors (FIIs) with 67.32%, individual investors at 26.58%, and mutual funds holding 2.5%. Sterlite Power Transmission Limited is the promoter with the highest stake, but it is listed as 0.0%.

The top shareholders of IndiGrid Trust primarily consist of Foreign Institutional Investors (FIIs), who hold a significant 67.32% of the shares. Individual investors also have a notable presence, owning 26.58% of the shares. Additionally, mutual funds hold a smaller portion, represented by 2.5% across 0 schemes. There are no pledged promoter holdings, and the promoter with the highest holding is Sterlite Power Transmission Limited, although their stake is listed as 0.0%. There are no significant public shareholders mentioned.

When is the next results date for IndiGrid Trust?

No Upcoming Board Meetings

Is IndiGrid Trust technically bullish or bearish?

IndiGrid Trust currently has a mildly bearish technical outlook, with recent price declines and bearish signals from indicators like the MACD and KST. However, there are mixed signals, as some indicators suggest bullish trends in the longer term.

IndiGrid Trust is currently exhibiting a mildly bearish technical outlook. The stock price has recently decreased to 140.71, down from 142.49, and technical indicators such as the weekly MACD and moving averages suggest a bearish trend. While the monthly MACD shows a mildly bearish stance, there are mixed signals with the Bollinger Bands indicating a bearish trend weekly but a bullish one monthly. <BR><BR>The KST also reflects a bearish trend weekly, although it is bullish monthly. Additionally, the On-Balance Volume (OBV) indicates a mildly bullish sentiment in both weekly and monthly assessments. Overall, the combination of these indicators points towards a bearish sentiment in the short term, despite some mixed signals in the longer term.