IndiGrid Infrastructure Trust
NSE: INDIGRIDBSE: 540565
₹ 168.80▲ 1.77 (+1.06%)28 Oct, 03:29 pm IST
- Market cap
- ₹ 15,701 Cr.
- P/E
- 28.4x
- P/B
- 2.64x
- 52-week range
- 161.01 – 180.9
- ROE
- 7%
- ROCE
- 8%
- Dividend yield
- 9.6%
- Debt / equity
- 3.52
- Sector
- Power
- Industry
- Power - Transmission
- Listed on
- NSE, BSE
About
IndiGrid Infrastructure Trust is an India-based company. The Company operates as an infrastructure investment trust (InvIT). It owns, operates, and manages power transmission, renewable generation, and energy storage assets that deliver power throughout India. The Company's portfolio consists of approximately 46 transmission lines with more than 8,468 circuit kilometers (ckms) in length, 13 substations with 17,550 megavolt-ampere (MVA) transformation capacity and 555 megawatts (MW) (Alternating Current) of solar generation capacity. Its portfolio includes The Gujarat BESS project, which is engaged in design, supply, installation, testing, commissioning, operation and maintenance of a 180 MW / 360 megawatt-hour (MWh) standalone battery energy storage system in Gujarat. It addresses peak load management and renewable integration. It provides grid-balancing services, enabling greater penetration of solar and wind power.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Power - Transmission: 4 companies →IndiGrid Infrastructure Trust against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)28.4 against a typical 21.5: pricier than most peers (1st = cheapest).3rd of 4
- Sales growth+29.4% against a typical +16% from a year earlier.2nd of 4
- Profit growth+228% against a typical +113.5% from a year earlier.2nd of 4
- Share price, 3 months−5.3% against a typical −3.9%.3rd of 4
- Size₹ 15,701.1 Cr. market value against a typical ₹ 15,701.1 Cr. (1st = largest).2nd of 3
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agenciesAAA
DefaultRiskyModerateSafeVery safe
- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 12 Aug 2026 |
| ICRA | [ICRA]AAA | Stable | 12 Aug 2026 |
| India Ratings | Withdrawn | Stable | 2 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 12 Aug 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 19,437.37 Cr. | |
| 12 Aug 2026 | Reaffirmed | [ICRA]AAA | — | ICRA | ₹ 13,590 Cr. | |
| 5 Jun 2026 | Withdrawn | was Crisil AAA | — | CRISIL | ₹ 19,754.82 Cr. | |
| 2 Jun 2026 | Withdrawn | was IND AAA | — | India Ratings | ₹ 11,058.12 Cr. | |
| 22 Dec 2025 | Rating action | Crisil AAA | — | CRISIL | ₹ 19,754.82 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results/Other business matters | Pursuant to the applicable provisions of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, ( InvIT Regulations ) and applicable provisions of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), 2015 ( LODR Regulations ) as amended from time to time read with circulars and guidelines issued thereunder, we hereby inform you that a meeting of the Board of Directors of IndiGrid Investment Managers Limited acting in the capacity of Investment Manager to IndiGrid Infrastructure Trust ( IndiGrid ) is scheduled to be held on Wednesday, August 12, 2026, to consider and approve inter-alia, the following matters:1) Unaudited Separate/ Standalone and Consolidated Financial Information/ Results of IndiGrid Infrastructure Trust for the quarter ended on June 30, 2026; and2) Declaration of Distribution of income to unitholders of IndiGrid for Q1 FY27The Record Date for the purpose of above Distribution, if declared, will be August 17, 2026. |
| 14 May 2026 | Financial Results/Fund Raising/Other business matters | Intimation of Meeting of Board of Directors of IndiGrid Investment Managers Limited, the Investment Manager of IndiGrid Infrastructure Trust scheduled to be held on Thursday, May 14, 2026 |
| 12 Feb 2026 | Financial Results/Fund Raising/Other business matters | Pursuant to the applicable provisions of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, ( InvIT Regulations ) and applicable provisions of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), 2015 ( LODR Regulations ) as amended from time to time read with circulars and guidelines issued thereunder, we hereby inform you that a meeting of the Board of Directors of IndiGrid Investment Managers Limited acting in the capacity of Investment Manager to IndiGrid Infrastructure Trust ( IndiGrid ) is scheduled to be held on Thursday, February 12, 2026, to consider and approve inter-alia, the following matters:1) Unaudited standalone/separate and consolidated Financial Information of IndiGrid for the period ended on December 31, 2025, along with the limited review report; 2) Distribution of income to unitholders of IndiGrid for Q3 FY26;3) Raising of debt through various sources including term loans, non-convertible debt securities and/or any other mode as may be permitted under applicable law.The Record Date for the purpose of above Distribution, if declared, will be February 17, 2026. |
| 8 Dec 2025 | Fund Raising | Pursuant to the applicable provisions of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, ( InvIT Regulations ) as amended from time to time read with circulars and guidelines issued thereunder and any other law as may be applicable, we hereby inform you that a meeting of the Board of Directors of IndiGrid Investment Managers Limited acting in the capacity of Investment Manager to IndiGrid Infrastructure Trust ( IndiGrid ) is scheduled to be held on Monday, December 08, 2025, to consider and approve raising of funds through various sources as may be permitted under applicable law. |
| 11 Nov 2025 | Financial Results/Other business matters | Pursuant to the applicable provisions of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, ( InvIT Regulations ) and applicable provisions of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), 2015 ( LODR Regulations ) as amended from time to time read with circulars and guidelines issued thereunder, we hereby inform you that a meeting of the Board of Directors of IndiGrid Investment Managers Limited acting in the capacity of Investment Manager to IndiGrid Infrastructure Trust ( IndiGrid ) is scheduled to be held on Tuesday, November 11, 2025, to consider and approve inter-alia, the following matters: 1) Unaudited standalone/separate and consolidated Financial Information of IndiGrid for the period ended on September 30, 2025, along with the limited review report; 2) Distribution of income to unitholders of IndiGrid for Q2 FY26;The Record Date for the purpose of above Distribution, if declared, will be November 14, 2025. |
| 10 Oct 2025 | Fund Raising | Meeting of Board of Directors of IndiGrid Investment Managers Limited, Investment Manager of IndiGrid Infrastructure Trust scheduled to be held on Friday, October 10, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 716 | 783 | 812 | 835 | 836 | 772 | 874 | 840 | 827 | 862 | 2,240 | 1,087 |
| Expenses | 141 | 79 | 142 | 77 | 77 | 80 | 165 | 144 | 113 | 100 | 1,351 | 216 |
| Operating Profit | 576 | 704 | 671 | 759 | 759 | 692 | 710 | 696 | 714 | 763 | 889 | 870 |
| OPM % | 80% | 90% | 83% | 91% | 91% | 90% | 81% | 83% | 86% | 88% | 40% | 80% |
| Other Income | 4 | 6 | 12 | 38 | 4 | 32 | 46 | 33 | 37 | 46 | 67 | 64 |
| Interest | 321 | 350 | 352 | 377 | 384 | 370 | 363 | 380 | 425 | 407 | 439 | 396 |
| Depreciation | 222 | 262 | 264 | 273 | 276 | 279 | 273 | 275 | 291 | 292 | 287 | 301 |
| Profit before tax | 37 | 97 | 66 | 146 | 103 | 75 | 120 | 74 | 35 | 110 | 230 | 238 |
| Tax % | −6% | 6% | 12% | 6% | 4% | 23% | 2% | −2% | −9% | 9% | 20% | −4% |
| Net Profit | 39 | 92 | 58 | 137 | 99 | 58 | 117 | 75 | 39 | 100 | 185 | 246 |
| EPS in Rs | 0.49 | 1.14 | 0.71 | 1.71 | 1.22 | 0.66 | 1.36 | 0.87 | 0.52 | 1.12 | 1.91 | 2.55 |
Growth and returns
Compounded yearly rates over each period.
Compounded Sales Growth
- 10 Years
- —
- 5 Years
- 23%
- 3 Years
- 27%
- TTM
- 51%
Compounded Profit Growth
- 10 Years
- —
- 5 Years
- 4%
- 3 Years
- −1%
- TTM
- 68%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- 9%
- TTM
- —
Return on Equity
- 10 Years
- —
- 5 Years
- 7%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
P/E 28.4xEPS (12 months) ₹ 6.10Median P/E 28.5x
P/E (times)EPS (₹)
Peers
Listed companies in the same business.
| IndiGrid Infrastructure Trust | ₹ 168.80 | ₹ 15,701 Cr. | 28.4x | 2.6x | 7% | — |
| REC | ₹ 293.65 | ₹ 77,325 Cr. | 5.7x | 1.1x | 20% | 27.4% |
| Altius Telecom Infrastructure Trust | ₹ 170.00 | ₹ 0 Cr. | 46.7x | 4.5x | 8.3% | 4.6% |
| National Highways Infra Trust | ₹ 168.00 | ₹ 35,928 Cr. | 47.7x | 1.5x | 3% | 16% |
| Indus Infra Trust | ₹ 124.00 | ₹ 7,576 Cr. | 15x | 1.2x | — | 56.5% |
| Raajmarg Infra Investment Trust | ₹ 119.08 | ₹ 23,816 Cr. | — | 0x | — | — |
Management
- Meghana Pandit
- Chief Financial Officer
- Sanil C. Namboodiripad
- Chief Operating Officer
- Kundan Kishore
- Chief Human Resources Officer
- Urmil Shah
- Compliance Officer, Company Secretary
- Harsh Dinesh Shah
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.