National Highways Infra Trust
- Market cap
- ₹ 35,928 Cr.
- P/E
- 40.6x
- P/B
- 1.52x
- 52-week range
- 141.1 – 174
- ROE
- 3%
- ROCE
- 4%
- Dividend yield
- 6.8%
- Debt / equity
- 1.05
- Sector
- Transport Infrastructure
- Industry
- Road AssetsToll, Annuity, Hybrid-Annuity
- Listed on
- NSE, BSE
About
National Highways Infra Trust is an India-based infrastructure investment trust. The Trust is formed to invest in infrastructure assets being in the road sector. Its projects include Abu Road Project, Swaroopganj Project, Kota & Chittorgarh Bypass Project, Kurnool Highway Project and Belgaum Project. The Abu Road Project stretch starts at Palanpur in the State of Gujarat and ends at Abu Road in the State of Rajasthan. The project road starts from Palanpur connecting villages such as Chitrasani, Jaspuriya, Khemana and Amirgarh and ends at Abu Road. The Swaroopganj Project stretch falls in the state of Rajasthan. The Kota & Chittorgarh Bypass Project stretch falls in the state of Rajasthan. The project road starts from Chittorgarh road connecting villages Seerdi, Bassi, Parsoli and Salawatiya and ends at Kora and Chittorgarh bypass. The Kurnool Highway Project Road starts from Kothakota Bypass and ends at Kurnool connecting villages, namely Mummalapally, Rangarpur, and Kodandapur.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Road AssetsToll, Annuity, Hybrid-Annuity: 17 companies →National Highways Infra 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)40.6 against a typical 21.1: pricier than most peers (1st = cheapest).12th of 15
- Sales growth+28.3% against a typical +19.4% from a year earlier.5th of 13
- Profit growth+93.4% against a typical +6.6% from a year earlier.2nd of 9
- Share price, 3 months−2.3% against a typical −1.5%.9th of 15
- Size₹ 35,927.7 Cr. market value against a typical ₹ 6,855.2 Cr. (1st = largest).1st of 13
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 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AAA | Stable | 17 Jun 2026 |
| India Ratings | IND AAA | Stable | 26 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Jun 2026 | Reaffirmed | CARE AAA | — | CARE | ₹ 32,383.99 Cr. | |
| 26 Feb 2026 | Reaffirmed | IND AAA | — | India Ratings | ₹ 28,927.64 Cr. | |
| 17 Feb 2026 | Withdrawn | was CARE AAA | — | CARE | ₹ 32,434.32 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 13 May 2026 | Other business matters | To consider Annual Audited Standalone and Consolidated Financial Statements along with quarterly and Annual Results of NHIT and Declaration of distributions, if any to be paid to Unitholders for the period ended February and March, 2026. |
| 12 Mar 2026 | Other business matters | To consider other business matters |
| 12 Feb 2026 | Other business matters | Intimation of Board Meeting of National Highways Infra Investment Managers Private Limited |
| 2 Feb 2026 | Fund Raising | To consider Fund Raising |
| 27 Jan 2026 | Fund Raising/Other business matters | To consider and approve the following:1. Fund Raising2. Declara􀆟on of distribu􀆟ons, if any to be paid to Unitholders for the quarter ended 31st December, 2025.3. Un-audited Standalone Financial Results of NHIT for the quarter and nine months ended 31stDecember, 2025 along with the Limited Review Report. |
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 | 236 | 232 | 241 | 564 | 567 | 586 | 647 | 1,023 | 1,002 | 1,104 | 1,145 | 1,312 |
| Expenses | 58 | 48 | 52 | 107 | 109 | 80 | 90 | 189 | 202 | 178 | 259 | 275 |
| Operating Profit | 178 | 183 | 188 | 456 | 458 | 507 | 557 | 833 | 800 | 927 | 886 | 1,037 |
| OPM % | 75% | 79% | 78% | 81% | 81% | 86% | 86% | 81% | 80% | 84% | 77% | 79% |
| Other Income | 5 | 5 | 16 | 8 | 11 | 15 | 17 | 9 | 12 | 12 | 14 | 11 |
| Interest | 64 | 70 | 85 | 255 | 259 | 272 | 270 | 454 | 454 | 417 | 398 | 480 |
| Depreciation | 58 | 62 | 71 | 195 | 181 | 201 | 219 | 358 | 331 | 367 | 396 | 446 |
| Profit before tax | 61 | 56 | 48 | 14 | 28 | 49 | 86 | 31 | 27 | 155 | 107 | 121 |
| Tax % | −22% | −28% | −36% | −370% | −162% | 6% | −64% | −297% | −308% | −60% | −91% | −94% |
| Net Profit | 74 | 72 | 66 | 64 | 74 | 46 | 141 | 121 | 112 | 247 | 205 | 234 |
| EPS in Rs | 1.02 | 0.99 | 0.5 | 0.49 | 0.57 | 0.35 | 0.73 | 0.63 | 0.58 | 1.28 | 1.06 | 1.21 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 84%
- TTM
- 62%
- 10 Years
- —
- 5 Years
- 299%
- 3 Years
- 39%
- TTM
- 111%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 13%
- TTM
- —
- 10 Years
- —
- 5 Years
- 3%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| National Highways Infra Trust | ₹ 167.51 | ₹ 35,928 Cr. | 40.6x | 1.5x | 3% | — |
| 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% |
| IndiGrid Infrastructure Trust | ₹ 164.83 | ₹ 15,701 Cr. | 39.1x | 2.8x | 7% | 8.4% |
| Indus Infra Trust | ₹ 124.00 | ₹ 7,576 Cr. | 15x | 1.2x | — | 56.5% |
| Raajmarg Infra Investment Trust | ₹ 119.08 | ₹ 23,816 Cr. | — | 0x | — | — |
Management
- Rakshit Jain
- Chief Executive Officer, Managing Director, Executive Director
- Mathew George
- Chief Financial Officer
- Shubhra Bhattacharya
- Chief Operating Officer
- Rajesh Kumar Singh
- Chief Human Resources Officer
- Anurag Jain
- Chief Investment Officer
- Gunjan Singh
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.