Vertis Infrastructure Trust
- Market cap
- ₹ 17,252 Cr.
- P/E
- 19.7x
- P/B
- 2.73x
- 52-week range
- 103.05 – 125
- ROE
- 10%
- ROCE
- 11%
- Dividend yield
- 11.1%
- Debt / equity
- 1.8
- Sector
- Transport Infrastructure
- Industry
- Road AssetsToll, Annuity, Hybrid-Annuity
- Listed on
- NSE
About
Vertis Infrastructure Trust (the Trust) is an India-based infrastructure investment trust. The Trust is focused on acquiring, managing and operating highway assets across India. The Trust’s portfolio encompasses 27 assets, spanning approximately 8,088 lane kilometers across 10 states. Its projects include Dewas Bhopal Corridor Private Limited (DBCPL); Godhra Expressways Private Limited (GEPL); Jodhpur Pali Expressway Private Limited (JPEPL); Nirmal BOT Private Limited (NBL); Shillong Expressway Private Limited (SEPL); Ulundurpet Expressways Private Limited (UEPL); Udupi Tollway Private Limited (UTPL); Ateli Narnaul Highway Private Limited (ANHPL); Gurgaon Sohna Highway Private Limited (GSHPL); Rewari Ateli Highway Private Limited (RAHPL), and others. Vertis Fund Advisors Private Limited is the investment manager of the Company.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Road AssetsToll, Annuity, Hybrid-Annuity: 17 companies →Vertis 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)19.7 against a typical 21.1: cheaper than most peers (1st = cheapest).7th of 15
- Sales growth+26.9% against a typical +19.4% from a year earlier.6th of 13
- Profit growth+163.1% against a typical +6.6% from a year earlier.1st of 9
- Share price, 3 months+2% against a typical −1.5%.5th of 15
- Size₹ 17,251.6 Cr. market value against a typical ₹ 6,855.2 Cr. (1st = largest).4th 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
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Withdrawn | Stable | 21 May 2026 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 21 May 2026 | Withdrawn | was Crisil AAA | — | CRISIL | ₹ 14,722 Cr. | |
| 23 Mar 2026 | Rating action | Crisil AAA | — | CRISIL | ₹ 14,272 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended Jun 30, 2025 and distribution |
| 18 Jun 2025 | Fund Raising | Prior Intimation of the meeting of the Board of Directors of Highway Concessions One Private Limited (the Investment Manager of Highways Infrastructure Trust) scheduled to be held on Wednesday, June 18, 2025 to consider and approve, raising of funds through fresh issuance of non-convertible debt securities and commercial papers in one or more tranches/ series/ issuances/phases, subject to applicable laws and necessary approval from the regulatory/statutory authorities, as may be required. |
| 16 May 2025 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended March 31, 2025, dividend and Fund Raising |
| 8 Nov 2024 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2024 and distribution |
| 8 Aug 2024 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2024 and other business matters |
| 16 May 2024 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2024 and other business matters |
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 | 170 | 294 | 1,302 | 524 | 512 | 501 | 701 | 830 | 1,002 | 1,016 | 1,055 | 1,053 |
| Expenses | 47 | 88 | 959 | 149 | 118 | 132 | 245 | 187 | 250 | 369 | 298 | 197 |
| Operating Profit | 123 | 207 | 343 | 374 | 393 | 369 | 456 | 644 | 752 | 647 | 757 | 856 |
| OPM % | 72% | 70% | 26% | 71% | 77% | 74% | 65% | 78% | 75% | 64% | 72% | 81% |
| Other Income | 1 | 1 | −359 | 14 | 12 | 26 | 20 | 17 | −15 | −5 | 70 | 11 |
| Interest | 44 | 77 | 142 | 107 | 82 | 92 | 104 | 223 | 272 | 223 | 213 | 229 |
| Depreciation | 34 | 67 | 149 | 155 | 150 | 158 | 196 | 292 | 293 | 294 | 317 | 278 |
| Profit before tax | 45 | 63 | −307 | 126 | 173 | 145 | 176 | 146 | 172 | 125 | 297 | 361 |
| Tax % | 2% | 36% | −1% | 21% | 10% | 20% | 2% | 11% | −10% | 11% | 22% | 5% |
| Net Profit | 44 | 41 | −303 | 99 | 155 | 117 | 173 | 130 | 188 | 111 | 230 | 342 |
| EPS in Rs | 0.91 | 0.84 | −4.16 | 1 | 1.71 | 1.2 | 1.01 | 0.71 | 1.35 | 0.66 | 1.47 | 2.03 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 83%
- TTM
- 62%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 182%
- TTM
- 77%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 10%
- 3 Years
- 10%
- 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.
| Vertis Infrastructure Trust | ₹ 115.00 | ₹ 17,252 Cr. | 19.7x | 2.7x | 10% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Gaurav Chandna
- Joint Chief Executive Officer, Executive Director of the Investment Manager
- Zafar Khan
- Joint Chief Executive Officer of the Investment Manager
- Abhishek Chhajer
- Chief Financial Officer of the Investment Manager
- Gajendra Mewara
- Compliance Officer, Company Secretary of the Investment Manager
- Meghana Singh
- General Counsel
Prices are delayed and for information only. Nothing on this page is investment advice.