India Grid Trust

    INDIGRID
    Energy
    ₹164.83
    Price as of 25 Oct 2026, 9:43 pm IST

    Market cap ₹13,342 Cr

    P/E
    22.37
    Day range
    ₹162.12 – ₹169.31
    52-week range
    ₹161.01 – ₹180.90
    Volume
    58,053
    Open
    ₹168.05
    Prev close
    ₹168.78

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    Research profile

    Factor percentiles

    Value67
    Quality35
    Momentum—
    Low volatility—

    Derived metrics

    Earn. yield
    4.5%
    Graham no.
    ₹83.42
    vs Graham
    -49.4%
    ROE ÷ P/B
    2.7%
    Magic Formula
    #407

    Appears in 4 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 48 in Energy
    Largest Energy companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Reliance IndustriesRELIANCE₹16.10 L Cr21.551.7811.0%10.0%15.0%0.45+27.0%
    Adani PowerADANIPOWER₹3.51 L Cr19.265.4921.4%17.0%42.0%0.84+34.0%
    NTPCNTPC₹2.89 L Cr10.411.4214.2%9.0%32.0%1.33+7.8%
    Oil & Natural Gas CorpONGC₹2.86 L Cr6.580.7713.9%14.0%8.0%0.47+25.7%
    Coal IndiaCOALINDIA₹2.45 L Cr7.852.0928.1%35.0%26.0%0.12+7.8%
    Power Grid CorpPOWERGRID₹2.30 L Cr14.472.2916.5%9.0%82.0%1.47+2.7%
    Adani Green EnergyADANIGREEN₹1.95 L Cr107.749.5412.4%7.0%89.0%5.48+41.6%
    India Grid TrustINDIGRID₹13,342 Cr22.372.657.1%8.0%80.0%3.52+29.4%
    Sector median₹38,531 Cr18.141.8913.8%11.5%26.0%0.77+20.7%

    Sector as classified in the tracked universe; medians use every tracked Energy company, and P/E only profitable ones. Tinted figures beat the median.

    Key metrics

    P/E (TTM)
    33.2
    Price / Book
    2.58
    ROE (FY26)
    7.1%
    ROCE (latest year)
    8%
    Dividend yield
    3.41%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +26.9%
    Profit 3Y CAGR
    -5.0%
    Revenue YoY (Jun 2026)
    +29.4%
    Profit YoY (Jun 2026)
    +228.0%
    Operating margin
    80.0%
    Net margin
    22.6%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr1K Cr2K Cr3K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%50%100%

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-10K Cr-5K Cr0 Cr5K Cr10K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY19FY20FY21FY22FY23FY24FY25FY260%5%10%15%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr10K Cr20K Cr30K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260x2x4x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY23FY24FY25FY26FY27₹0₹5₹10₹15₹20

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales7167838128358367728748408278622,2401,087
    Expenses141791427777801651441131001,351216
    Operating Profit576704671759759692710696714763889870
    OPM %80%90%83%91%91%90%81%83%86%88%40%80%
    Other Income461238432463337466764
    Interest321350352377384370363380425407439396
    Depreciation222262264273276279273275291292287301
    Profit before tax379766146103751207435110230238
    Tax %-6%6%12%6%4%23%2%-2%-9%9%20%-4%
    Net Profit39925813799581177539100185246
    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

    From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days60

    -5 days since Mar 2021

    Cash Conversion Cycle60

    -5 days since Mar 2021

    Working Capital Days-181

    +26 days since Mar 2021

    Strengths, risks & growth

    India Grid Trust (IndiGrid) is the India's first listed power sector infrastructure investment trust, sponsored by KKR and Sterlite Power. It was established in 2016 to own and operate power transmission and renewable energy assets in India. [1] The Trust primarily acquires operational transmission SPVs (Special Purpose Vehicles) from a Sponsor or from a third party. [2] The entity is not a public/ private company. It is an infrastructure investment trust (InvIT). There are no shareholders of a trust. Rather, there are unit holders who have the right to receive at-least 90% of the Net Distributable Cashflows of the Trust at least once in every six months in each financial year in accordance with the InvIT regulations. Also, a unitholder has no equitable or proprietary interest in the projects of IndiGrid and is not entitled to any share in the transfer of projects or any interest in the projects of IndiGrid. [3]

    Strengths

    • Company is expected to give good quarter
    • Company has been maintaining a healthy dividend payout of 94.9%
    • Debtor days have improved from 80.1 to 59.7 days.

    Risks

    • Stock is trading at 2.59 times its book value
    • Company has low interest coverage ratio.
    • Tax rate seems low
    • Company has a low return on equity of 6.51% over last 3 years.

    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
    +3%
    3 Years
    +7%
    1 Year
    -5%

    Return on Equity

    10 Years
    —
    5 Years
    +7%
    3 Years
    +7%
    Last Year
    +7%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Analysts & fund holdings

    Valuation vs Electric Utilities
    P/E22.4 vs 24.7
    Sector P/B2.72
    Beta0.12

    Who holds the shares, quarter by quarter

    Mutual funds 4.50% (-0.87 pp)
    Sept 25
    Nov 25
    Dec 25
    Jan 26
    Mar 26
    Jun 26
    • Promoters1.1%
    • Foreign institutions26.6%
    • Mutual funds4.5%
    • Insurance13.6%
    • Other domestic institutions5.6%
    • Retail29.2%
    • Others19.3%

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Avg
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹4.12

      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

      17 Aug 2026
      ex-date
    • dividend
      ₹4.00

      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

      19 May 2026
      ex-date
    • dividend
      ₹4.00

      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

      17 Feb 2026
      ex-date
    • dividend
      ₹4.00

      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

      14 Nov 2025
      ex-date
    • dividend
      ₹4.00

      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

      29 Jul 2025
      ex-date
    • dividend
      ₹4.10

      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

      20 May 2025
      ex-date
    • dividend
      ₹3.75

      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

      28 Jan 2025
      ex-date
    • dividend
      ₹3.75

      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

      30 Oct 2024
      ex-date
    • dividend
      ₹3.75

      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

      30 Jul 2024
      ex-date
    • dividend
      ₹3.55

      Distribution - Rs 3.55 Per Unit Consisting Of Interest Rs 2.7361 Per Unit/ Dividend Re 0.8139 Per Unit

      30 May 2024
      ex-date
    • other
      Not available — not reported in this filing

      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

      31 Jan 2024
      ex-date
    • other
      Not available — not reported in this filing

      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

      9 Nov 2023
      ex-date
    • dividend
      ₹3.45

      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

      3 Aug 2023
      ex-date
    • dividend
      ₹3.45

      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

      18 May 2023
      ex-date
    • other
      Not available — not reported in this filing

      Distribution- Rs 3.30 Comprising Interest Payment- Rs 2.8042 Per Unit / Principal Payment- Rs 0.4958 Per Unit

      31 Jan 2023
      ex-date
    • other
      Not available — not reported in this filing

      Distribution- Rs 3.30 Comprising Interst Payment- Rs 3.1137 Per Unit / Principal Payment- Rs 0.18630 Per Unit

      15 Nov 2022
      ex-date
    • other
      Not available — not reported in this filing

      Nterest Amount- Rs 3.0556/Return Of Capital- Rs 0.2444

      29 Jul 2022
      ex-date
    • other
      Not available — not reported in this filing

      Distribution - Rs 3.1875 Per Unit Comprising Interest Amount- Rs 2.5508/Return Of Capital- Rs 0.6367

      25 May 2022
      ex-date
    • other
      Not available — not reported in this filing

      Interest Amount - Rs 2.66 Per Unit / Return On Capital - Rs 0.52 Per Unit

      1 Feb 2022
      ex-date
    • dividend
      ₹0.05

      Dividend - Rs 0.049 Per Unit/Interest Amount - Rs 1.862 Per Uint/ Return On Capital - Rs 1.275 Per Unit

      1 Nov 2021
      ex-date
    • dividend
      ₹0.15

      Dividend - Rs 0.15 Per Unit/Interest Rs - 3.04 Per Unit

      4 Aug 2021
      ex-date

    Company announcements

    Others
    Reg 26K: Quarterly Compliance Report on Corporate governance

    Indigrid Infrastructure Trust has informed the Exchange regarding Submission of the Compliance Report on Corporate Governance for the Q2 FY 2026-27

    Others
    Investor Complaints

    Indigrid Infrastructure Trust has informed the Exchange regarding Investor grievance report for Report Q2 FY 2026-27

    Others
    Unit Holding Pattern

    Indigrid Infrastructure Trust has informed the Exchange regarding Unitholding pattern for Report Q2 FY 2026-27

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Others
    Reg 23(5)(i): Disclosure of material issue

    Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

    Filed with BSE (scrip 540565); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    FAQ

    India Grid Trust: common questions

    Answered from the figures on this page.

    India Grid Trust last traded at ₹164.83 (NSE, as of 25 Oct 2026). The last session moved it down 2.34%.

    India Grid Trust is valued at about ₹13,342 crore (NSE, as of 25 Oct 2026).

    India Grid Trust trades at a price-to-earnings ratio of 22.37 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    India Grid Trust has traded between ₹161.01 and ₹180.90 over the past 52 weeks, to 25 Oct 2026. It is currently 19% of the way up that range.

    India Grid Trust (INDIGRID) is classified under Energy on this site's screener.