Price
Financials
Consolidated, Rs crore| 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 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 448 | 666 | 1,243 | 1,677 | 2,222 | 2,332 | 2,864 | 3,288 | 4,768 | 5,015 |
| Expenses | 40 | 109 | 53 | 252 | 209 | 231 | 425 | 397 | 1,693 | 1,780 |
| Operating Profit | 408 | 557 | 1,190 | 1,425 | 2,013 | 2,101 | 2,439 | 2,891 | 3,075 | 3,236 |
| OPM % | 91% | 84% | 96% | 85% | 91% | 90% | 85% | 88% | 64% | 65% |
| Other Income | 13 | 8 | 36 | 35 | 52 | 82 | 123 | 149 | 169 | 215 |
| Interest | 101 | 230 | 415 | 687 | 1,050 | 1,011 | 1,308 | 1,495 | 1,651 | 1,667 |
| Depreciation | 116 | 181 | 310 | 430 | 665 | 704 | 939 | 1,101 | 1,145 | 1,171 |
| Profit before tax | 204 | 155 | 500 | 342 | 349 | 469 | 315 | 444 | 449 | 613 |
| Tax % | -3% | 0% | -1% | 2% | 2% | 1% | 6% | 8% | 11% | |
| Net Profit | 210 | 154 | 506 | 334 | 343 | 466 | 296 | 410 | 399 | 570 |
| EPS in Rs | 6.18 | 4.52 | 7.22 | 4.77 | 4.98 | 6.51 | 3.64 | 4.77 | 4.14 | 6.10 |
| Dividend Payout % | 129% | 221% | 126% | 194% | 241% | 48% | 95% | 86% | 104% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 23% | 27% | 51% | ||
| Compounded Profit Growth | % | 4% | -1% | 68% | ||
| Stock Price CAGR | % | 5% | 8% | 4% | ||
| Return on Equity | % | 7% | 7% | 7% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,838 | 2,838 | 5,315 | 5,315 | 6,590 | 6,590 | 7,645 | 8,332 | 10,244 |
| Reserves | 25 | -161 | -266 | -632 | -1,172 | -1,633 | -2,355 | -3,174 | -4,171 |
| Borrowings | 2,396 | 2,612 | 6,388 | 14,576 | 13,339 | 14,505 | 19,304 | 20,097 | 21,359 |
| Other Liabilities | 119 | 58 | 356 | 777 | 800 | 750 | 1,163 | 1,171 | 2,300 |
| Total Liabilities | 5,379 | 5,346 | 11,792 | 20,035 | 19,557 | 20,212 | 25,757 | 26,427 | 29,731 |
| Fixed Assets | 5,026 | 4,983 | 10,816 | 16,390 | 16,838 | 17,841 | 22,710 | 22,028 | 23,708 |
| CWIP | 0 | 0 | 0 | 10 | 4 | 78 | 23 | 59 | 443 |
| Investments | 0 | 8 | 0 | 0 | 145 | 446 | 742 | 1,900 | 1,228 |
| Other Assets | 352 | 356 | 976 | 3,636 | 2,570 | 1,847 | 2,282 | 2,441 | 4,353 |
| Total Assets | 5,379 | 5,346 | 11,792 | 20,035 | 19,557 | 20,212 | 25,757 | 26,427 | 29,731 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 433 | 580 | 1,125 | 1,680 | 2,081 | 2,037 | 2,663 | 2,902 | 3,377 |
| Cash from Investing Activity | -4,624 | -230 | -6,091 | -5,897 | -1,517 | -2,119 | -6,102 | -1,780 | -2,945 |
| Cash from Financing Activity | 4,358 | -357 | 5,214 | 6,415 | -1,983 | -790 | 3,356 | -1,249 | -452 |
| Net Cash Flow | 167 | -7 | 248 | 2,198 | -1,419 | -872 | -83 | -127 | -20 |
| Free Cash Flow | -4,041 | 356 | -4,791 | -3,816 | 976 | 254 | -564 | 2,141 | -526 |
| CFO/OP | 106% | 104% | 96% | 116% | 103% | 99% | 108% | 101% | 110% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 63 | 72 | 65 | 64 | 65 | 102 | 78 | 60 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 87 | 63 | 72 | 65 | 64 | 65 | 102 | 78 | 60 |
| Working Capital Days | -309 | 60 | -6 | -207 | -348 | -109 | -74 | -244 | -181 |
| ROCE % | 7% | 11% | 7% | 7% | 8% | 7% | 8% | 8% |
Fundamentals
Market Cap₹ 19,586 Cr.
Current Price₹ 172
Stock P/E34.7
Book Value₹ 63.8
ROCE7.99 %
ROE7.23 %
Dividend Yield3.27 %
Face Value₹ 136
Compounded Sales Growth (TTM)51%
Compounded Profit Growth (TTM)68%
Consolidated figures.
Valuation
Market capRs 14,175 Cr
Enterprise valueRs 33,763 Cr
P/E (TTM)25.09x
Price to book2.75x
Price to sales2.83x
EV / EBITDA9.79x
EV / EBIT14.81x
EV / sales6.73x
Price to cash flow4.89x
Earnings yield3.99%
Dividend yield2.41%
P/E, 3-year average28.90x
P/B, 3-year average2.05x
P/E, 5-year average28.17x
P/B, 5-year average1.96x
Profitability
Operating margin (excl. other income)87.92%
Operating margin (incl. other income)92.46%
EBITDA margin68.80%
Pre-tax margin12.22%
Net profit margin11.27%
Net margin, latest quarter22.38%
ROE7.63%
ROCE7.78%
ROA1.53%
ROE, 3-year average7.33%
ROCE, 3-year average7.63%
ROA, 3-year average1.69%
ROE, 5-year average7.15%
ROCE, 5-year average7.39%
ROA, 5-year average1.78%
ROIC (approx.)8.51%
Tax rate7.59%
Other income / net worth2.89%
Growth
Sales growth (latest year)14.79%
Profit growth (latest year)39.60%
Sales CAGR, 3 years13.95%
Sales CAGR, 5 years21.48%
Profit CAGR, 3 years4.57%
Profit CAGR, 5 years-4.66%
Sales growth QoQ-51.48%
Profit growth QoQ33.43%
Sales growth YoY (latest quarter)29.39%
Profit growth YoY (latest quarter)236.04%
Per share
EPS (TTM)Rs 6.77
EPS (latest year)Rs 4.77
EPS (latest quarter)Rs 2.91
EPS, 3-year averageRs 4.97
EPS, 5-year averageRs 5.12
Book value per shareRs 61.81
Sales per shareRs 60.09
Cash flow per shareRs 34.77
Free cash flow per shareRs -6.30
Dividend per share (latest year)Rs 4.09
Dividend per share, 3-year averageRs 3.55
Dividend per share, 5-year averageRs 6.76
Dividends
Dividend payout85.75%
Dividend payout, 3-year average76.20%
Dividend payout, 5-year average132.81%
Efficiency
Asset turnover0.12x
Fixed asset turnover0.15x
Inventory turnover4.39x
Inventory days83 days
Debtor days78 days
Debtors turnover4.65x
Cash conversion cycle60 days
Working capital days-181 days
Leverage
Total debtRs 20,097 Cr
Cash and bankRs 509 Cr
Net debtRs 19,588 Cr
Debt to equity3.90x
Net debt / EBITDA5.68x
Interest coverage1.37x
Owners' fund to total sources19.52%
Debt to assets76.05%
Cash flow
Cash from Operating Activity (latest year)Rs 2,902 Cr
Cash from Investing Activity (latest year)Rs -1,780 Cr
Cash from Financing Activity (latest year)Rs -1,249 Cr
Net Cash Flow (latest year)Rs -127 Cr
Free cash flow (latest year)Rs -526 Cr
FCFE (approx.: FCF + change in debt)Rs 267 Cr
Cash from ops / profit, 5 years6.82x
Sales to cash flow1.13x
Statement figures
Net sales (TTM)Rs 5,015 Cr
Net sales (latest year)Rs 3,288 Cr
Sales (latest quarter)Rs 1,087 Cr
Operating profit excl. other income (latest year)Rs 2,891 Cr
Operating profit (latest quarter)Rs 870 Cr
Other income (TTM)Rs 215 Cr
EBITDA (TTM)Rs 3,450 Cr
PBDT (TTM)Rs 1,784 Cr
Profit before tax (TTM)Rs 613 Cr
Tax (latest year)Rs 34 Cr
Net profit (TTM)Rs 565 Cr
Net profit (latest year)Rs 398 Cr
Net profit (latest quarter)Rs 243 Cr
Depreciation (TTM)Rs 1,171 Cr
Depreciation (latest quarter)Rs 301 Cr
Interest (TTM)Rs 1,667 Cr
Cost of goods sold (latest year)Rs 129 Cr
Total expenditure (latest year)Rs 397 Cr
Total income (latest year)Rs 3,437 Cr
Share capitalRs 8,332 Cr
ReservesRs -3,174 Cr
Shareholders' fundsRs 5,159 Cr
Total assetsRs 26,427 Cr
Net blockRs 22,028 Cr
Capital work in progressRs 59 Cr
InvestmentsRs 1,900 Cr
ReceivablesRs 707 Cr
InventoryRs 29 Cr
Other liabilitiesRs 1,171 Cr
Shares outstanding (crore)83.46
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 25.1 is at the 16th percentile of its own 6.8-year range
(median 34.2, low 21.8, high 73.8).
P/B 2.75 is at the 77th percentile (median 2.48).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | INDIGRID | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.3% | -2.8% | +1.5 pts |
| 1 month | -2.8% | -6.8% | +4.0 pts |
| 3 months | -4.0% | -7.6% | +3.7 pts |
| 3 years | +23.5% | +14.2% | +9.3 pts |
| 5 years | +25.0% | +27.9% | -2.9 pts |
Red flags
F-score 6 of 8| explain | Low interest cover Interest cover 1.3x in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,087 Cr +29.4% vs Jun 2025.
Net profit ₹246 Cr +228.0%.
Against our estimate for Jun 2026: sales -19.1%, profit +113.0% big beat. Our estimate for Sep 2026: sales Rs 1,323 Cr, profit Rs 131 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Power Grid Corporation of India Ltd | 243,211 | 15.3 | 9.10 % |
| Powergrid Infrastructure Investment Trust | 9,285 | 10.2 | 11.6 % |
| Anzen India Energy Yield Plus Trust | 3,174 | 95.7 | 3.28 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-17 | Distribution - Rs 4.12 Per Unit Consist Of Rs 2.6909 Per Unit As Interest/ Re 0.0224 Per Unit As Dividend/ Rs 1.4067 Per Unit As Capital Repayment | |
| 2026-05-19 | Distribution - Rs 4 Per Unit Consist Of Rs 2.5218 Per Unit As Interest/ Re 0.0964 Per Unit As Dividend/ Rs 1.2376 Per Unit As Capital Repayment/ Re 0.1442 Per Unit As Other Income | |
| 2026-02-17 | Distribution - Rs 4 Per Unit Consist Of Rs 2.9465 Per Unit As Interest/ Re 0.0074 Per Unit As Dividend/ Rs 1.0143 Per Unit As Capital Repayment/ Re 0.0318 Per Unit As Other Income | |
| 2025-11-14 | Distribution - Rs 4 Per Unit Consist Of Rs 3.0984 Per Unit As Interest & Re 0.0907 Per Unit As Dividend & Re 0.7465 Per Unit As Capital Repayment & Re 0.0644 Per Unit As Other Income | |
| 2025-07-29 | Distribution - Rs 4 Per Unit Consisting Of Interest - Rs 1.5989 Per Unit/ Dividend - Rs 0.1670 Per Unit / Capital Repayment - Rs 2.1350 Per Unit / Other Income - Rs 0.0991 Per Unit | |
| 2025-05-20 | Distribution - Rs 4.10 Per Unit Consisting Of Dividend Rs 0.1419 Per Unit/ Interest Rs 2.6287 Per Unit/Capital Repayment Rs 1.2711/Other Income Rs 0.0583 | |
| 2025-01-28 | Distribution - Rs 3.75 Per Unit Consisting Of Dividend Re 0.1284 Per Unit/ Interest Rs 2.7533 Per Unit/Capital Repayment Re 0.8188/Other Income Re 0.0495 | |
| 2024-10-30 | Distribution - Rs 3.75 Per Unit Consisting Of Dividend Re 0.11357 Per Unit/ Interest Rs 3.61763 Per Unit/Other Income Re 0.01880 | |
| 2024-07-30 | Distribution - Rs 3.75 Per Unit Consisting Of Dividend Re 0.2082 Per Unit/ Interest Rs 3.1954 Per Unit/Capital Repayment Re 0.3464 | |
| 2024-05-30 | Distribution - Rs 3.55 Per Unit Consisting Of Interest Rs 2.7361 Per Unit/ Dividend Re 0.8139 Per Unit | |
| 2024-01-31 | Distribution - Rs 3.55 Per Unit Consisting Interest - Rs 2.9510 Per Unit/ Capital Repayment - Re 0.5621 Per Unit/ Other Income - Re 0.0369 Per Unit | |
| 2023-11-09 | Distribution - Rs 3.55 Comprising Of Rs 2.8961 Per Unit In The Form Of Interest & Re 0.6341 Per Unit Of Principal Payment & Re 0.0198 Per Unit In The Form Of Other Income | |
| 2023-08-03 | Distribution- Rs 3.45 Comprising Interest Payment- Rs 3.1759 Per Unit / Dividend - Re 0.0611 Per Unit/ Principal Payment- Re 0.2010 Per Unit/ Other Income - Re 0.0120 Per Unit | |
| 2023-05-18 | Distribution- Rs 3.45 Comprising Interest Payment- Rs 2.5344 Per Unit / Dividend - Re 0.2848 Per Unit/ Principal Payment- Re 0.5853 Per Unit/ Other Income - Re 0.0455 Per Unit | |
| 2023-01-31 | Distribution- Rs 3.30 Comprising Interest Payment- Rs 2.8042 Per Unit / Principal Payment- Rs 0.4958 Per Unit | |
| 2022-11-15 | Distribution- Rs 3.30 Comprising Interst Payment- Rs 3.1137 Per Unit / Principal Payment- Rs 0.18630 Per Unit | |
| 2022-07-29 | Nterest Amount- Rs 3.0556/Return Of Capital- Rs 0.2444 | |
| 2022-05-25 | Distribution - Rs 3.1875 Per Unit Comprising Interest Amount- Rs 2.5508/Return Of Capital- Rs 0.6367 | |
| 2022-02-01 | Interest Amount - Rs 2.66 Per Unit / Return On Capital - Rs 0.52 Per Unit | |
| 2021-11-01 | Dividend - Rs 0.049 Per Unit/Interest Amount - Rs 1.862 Per Uint/ Return On Capital - Rs 1.275 Per Unit | |
| 2021-08-04 | Dividend - Rs 0.15 Per Unit/Interest Rs - 3.04 Per Unit | |
| 2021-06-01 | Dividend - Rs 0.52 Per Unit/Interest - Rs 1.51 Per Unit/Return On Capital - Rs 1.07 | |
| 2021-03-26 | Rights 1:5@ Premium Rs 10/- | |
| 2021-01-27 | Distribution - Rs 3.10 Per Unit | |
| 2020-11-09 | Distribution - Rs 3.00 Per Unit | |
| 2020-08-11 | Distribution - Rs 3 Per Unit | |
| 2020-06-01 | Distribution - Rs 3 Per Unit | |
| 2020-01-27 | Distribution | |
| 2019-10-30 | Distribution Interest - Rs 3 Per Unit | |
| 2019-08-02 | Distribution - Interest Payment Rs 2.88 Per Unit/ Principle Re 0.12 Per Unit | |
| 2019-04-26 | Distribution - Interest Payment Rs 3 Per Unit | |
| 2019-01-21 | Distribution - Interest Payment Rs 3 Per Unit | |
| 2018-10-25 | Distribution - Interest Payment Rs 2.72 Per Unit/ Principle Re 0.28 Per Unit | |
| 2018-08-01 | Distribution Rs 3 Per Unit For The First Quarter Of Fy 2018-19(Purpose Revised) | |
| 2018-04-27 | Fourth Distribution - Rs 3/- Per Unit | |
| 2018-01-22 | Third Distribution- Rs 2.89 Per Unit | |
| 2017-11-06 | Second Distribution - Rs 2.75 Per Unit | |
| 2017-08-03 | First Distribution - Re 0.92 Per Unit |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of IndiGrid Infrastructure Trust?
IndiGrid Infrastructure Trust (INDIGRID) has a market capitalisation of Rs 19,586 Cr. at the 2026-10-01 close.
What is the P/E ratio of IndiGrid Infrastructure Trust?
IndiGrid Infrastructure Trust trades at a P/E of 34.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were IndiGrid Infrastructure Trust's latest quarterly results?
In the Jun 2026 quarter, IndiGrid Infrastructure Trust sales was Rs 1,087 Cr (+29.4% vs Jun 2025) and net profit was Rs 246 Cr.
What is the 52-week high and low of IndiGrid Infrastructure Trust?
The 52-week high is Rs 180.90 and the 52-week low is Rs 161.01.