---
title: "Cube Highways Trust (CUBEINVIT) — Share Price, Financials & Analysis"
symbol: "CUBEINVIT"
company: "Cube Highways Trust"
canonical: "https://tapetide.com/stocks/CUBEINVIT"
isin: "INE0NR623014"
nse_symbol: "CUBEINVIT"
bse_code: "543899"
sector: "Services"
industry: "Transport Infrastructure"
market_cap_cr: 21100.55
generated_at: "2026-09-13T20:16:51.013Z"
---

# Cube Highways Trust (CUBEINVIT)

Canonical page: https://tapetide.com/stocks/CUBEINVIT

## Company

- **NSE Symbol:** CUBEINVIT
- **BSE Code:** 543899
- **ISIN:** INE0NR623014
- **Sector:** Services
- **Industry:** Transport Infrastructure
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2023-04-19
- **Face Value:** ₹100
- **F&O Eligible:** No

## About

Incorporated in 2022, Cube Highways Trust 
is registered with SEBI as an Infrastructure Investment Trust for roads assets[1]

## Latest Price

- **Price:** ₹156.84
- **Change:** -0.09 (-0.06%)
- **Open:** ₹157.28
- **Day High:** ₹157.28
- **Day Low:** ₹156.7
- **Previous Close:** ₹156.93
- **Volume:** 368757
- **As Of:** 2026-09-11T09:58:27+00:00

## Key Fundamentals

Observed at 2026-09-11T04:30:40.053715Z.

- **Market Cap:** ₹21100.55 Cr
- **Classification:** Smallcap
- **P/E (reported):** 76.2
- **P/E (TTM):** 76.14
- **EPS (TTM):** ₹2.06
- **Book Value:** ₹72.79
- **Price to Book:** 2.16
- **Dividend Yield:** 2.52%
- **ROE:** 2.22%
- **ROCE:** 6.4%
- **Debt to Equity:** 1.81

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -2.54% over last 3 years.
- Promoters have pledged 50.3% of their holding.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 808% | 94% |
| revenue growth | 28% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 729 | 753 | 798 | 792 | 820 | 850 | 846 | 944 | 1052 | 1081 | 1162 | 1127 |
| Expenses | 982 | 231 | 133 | 257 | 268 | 243 | 306 | 272 | 281 | 310 | 261 | 338 |
| Operating Profit | -253 | 522 | 665 | 535 | 552 | 607 | 540 | 672 | 770 | 771 | 901 | 788 |
| OPM % | -35 | 69 | 83 | 68 | 67 | 71 | 64 | 71 | 73 | 71 | 78 | 70 |
| Other Income | 5 | 3 | 5 | 39 | 38 | 36 | 32 | 30 | 40 | 24 | 27 | 30 |
| Interest | 235 | 219 | 228 | 251 | 287 | 280 | 299 | 345 | 402 | 366 | 352 | 365 |
| Depreciation | 315 | 312 | 307 | 316 | 324 | 334 | 339 | 358 | 350 | 377 | 359 | 366 |
| Profit before tax | -798 | -6 | 135 | 8 | -21 | 28 | -66 | -2 | 58 | 52 | 217 | 87 |
| Tax % | -1 | 135 | 10 | 51 | 45 | -85 | -6 | -130 | 30 | 21 | 38 | 30 |
| Net Profit | -793 | -14 | 122 | 4 | -30 | 52 | -62 | 0 | 40 | 41 | 135 | 61 |
| EPS in Rs | -6.15 | -0.11 | 0.94 | 0.03 | -0.22 | 0.39 | -0.46 | 0 | 0.3 | 0.31 | 1 | 0.45 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 2916 | 3307 | 4239 | 4421 |
| Expenses | 28 | 28 | 1705 | 1073 | 1122 | 1190 |
| Operating Profit | -28 | -28 | 1211 | 2234 | 3117 | 3231 |
| OPM % | — | — | 42 | 68 | 74 | 73 |
| Other Income | 0 | 0 | 158 | 146 | 118 | 121 |
| Interest | 0 | 0 | 873 | 1117 | 1465 | 1485 |
| Depreciation | 0 | 0 | 1183 | 1313 | 1444 | 1453 |
| Profit before tax | -28 | -28 | -687 | -50 | 325 | 414 |
| Tax % | 0 | 0 | 3 | -29 | 33 | — |
| Net Profit | -28 | -28 | -706 | -36 | 217 | 277 |
| EPS in Rs | — | — | -5.47 | -0.27 | 1.61 | 2.06 |
| Dividend Payout % | 0 | 0 | -207 | -4223 | 222 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0 | 0 | 14477 | 13718 | 13440 |
| Reserves | -29 | -29 | -1528 | -2281 | -3657 |
| Borrowings | 0 | 0 | 10735 | 15115 | 17665 |
| Other Liabilities | 29 | 29 | 917 | 1384 | 1905 |
| Total Liabilities | 0 | 0 | 24601 | 27936 | 29353 |
| Fixed Assets | 0 | 0 | 22142 | 24480 | 23337 |
| CWIP | 0 | 0 | 114 | 23 | 11 |
| Investments | 0 | 0 | 1353 | 0 | 500 |
| Other Assets | 0 | 0 | 993 | 3433 | 5505 |
| Total Assets | 0 | 0 | 24601 | 27936 | 29353 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 1870 | 2916 | 3803 |
| Cash from Investing Activity | 0 | 0 | -404 | -155 | -271 |
| Cash from Financing Activity | 0 | 0 | -1224 | -2186 | -3869 |
| Net Cash Flow | 0 | 0 | 242 | 575 | -337 |
| Free Cash Flow | 0 | 0 | 1359 | 2735 | 3742 |
| CFO/OP | 0 | 0 | 157 | 131 | 124 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 8 | 18 | 19 |
| Cash Conversion Cycle | — | — | 8 | 18 | 19 |
| Working Capital Days | — | — | -101 | -15 | 53 |
| ROCE % | — | — | 1 | 4 | 6 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 59.5% | 59.5% | 59.5% | 59.5% | 59.5% | 46.84% | 46.84% | 31.42% | 41.4% | 41.4% | 32.88% | 36.48% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 8.91% | 8.91% | 8.91% | 8.91% | 8.91% | 12.36% | 12.36% | 13.19% | 12.31% | 8.17% | 7.33% | 7.45% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0.19% | 0.19% | 0.22% | 0.22% | 0.22% | 1.26% | 1.32% | 1.83% | 3.15% | 4.97% | 5.42% | 7.69% |
| Others | 31.4% | 31.4% | 31.37% | 31.37% | 31.37% | 39.54% | 39.48% | 53.56% | 43.14% | 45.47% | 54.37% | 48.37% |
| No. of Shareholders | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 6 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 156.99 | Sell |
| EMA (10) | 157.01 | Sell |
| SMA (20) | 157.23 | Sell |
| EMA (20) | 157.04 | Sell |
| SMA (50) | 156.36 | Buy |
| EMA (50) | 155.51 | Buy |
| SMA (100) | 151.56 | Buy |
| EMA (100) | 151.56 | Buy |
| SMA (200) | 143.8 | Buy |
| EMA (200) | 143.32 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.83 | Neutral |
| MACD (12,26,9) | 0.14 | Sell |
| Stochastic (14,3,3) | 33.02 | Neutral |
| ADX (14) | 31.81 | Buy |
| Williams %R (14) | -72.52 | Neutral |
| ATR (14) | 1.5 | Low Volatility |
| ROC (12) | 0.47 | Buy |
| Stoch RSI (14) | 40.27 | Neutral |
| UO (7,14,28) | 42.44 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b71a8c62-d320-4b3c-b114-3fdf70b4a7a5.pdf) |
| 2026-08-18 | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91312165-8bb8-4b9b-8178-5a8bf7b763cd.pdf) |
| 2026-08-17 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=787c22c1-9409-4c01-8566-976ab5833c19.pdf) |
| 2026-08-16 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cded080d-0b68-44f8-bc6c-6693ed8a2fb2.pdf) |
| 2026-08-14 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32fa41f7-5503-49e9-a445-b7d86bcae419.pdf) |
| 2026-08-14 | [Reg 18(6): Disclosure of record date for purpose of distribution](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a2ae9ce-5136-44e7-bfd4-9d7359b59eb8.pdf) |
| 2026-08-14 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=935b2841-5f7d-4b9c-8c0f-a65407f18c5e.pdf) |
| 2026-08-14 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8608c300-bfb7-422f-8039-f7862709d04d.pdf) |
| 2026-08-14 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f533cf7-aad8-420e-a598-453c49944912.pdf) |
| 2026-08-12 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15435bb4-86bc-45c7-90f6-f6f10857dabe.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Half-yearly ISIN statement for Cube Highways Trust debt securities as on March 31, 2026. | [Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017) 8 Apr - Half-yearly ISIN statement for Cube Highways Trust debt securities as on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d381ab9b-4b23-4fe3-af03-47e19bdca866.pdf) |
| 6 Mar - CRISIL assigned long-term AAA/Stable and short-term A1+ to Cube Highways Trust's Rs13,850 crore bank facilities on Mar 5, 2026. | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating 6 Mar - CRISIL assigned long-term AAA/Stable and short-term A1+ to Cube Highways Trust's Rs13,850 crore bank facilities on Mar 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a02c06ec-1dd9-4cbd-bc1f-93c579083234.pdf) |
| 31 Mar - Sponsor-group unitholders sold large holdings on 27–31 Mar 2026, Cube Highways stake fell to 18.79%, Cube Mobility to 9.943%. | [Reg 23(5)(i): Disclosure of material issue 31 Mar - Sponsor-group unitholders sold large holdings on 27–31 Mar 2026, Cube Highways stake fell to 18.79%, Cube Mobility to 9.943%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e11be6c-17bc-46ff-9bde-f75794732eb8.pdf) |
| 30 Mar - Interest payments and partial/full NCD redemptions made on 30-Mar-2026; full call redemption Rs6,382,800,000. | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 30 Mar - Interest payments and partial/full NCD redemptions made on 30-Mar-2026; full call redemption Rs6,382,800,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8038d5cb-0c7a-4922-9e53-73cb87114cf8.pdf) |
| 30 Apr - Crisil, ICRA and India Ratings reaffirm Cube Highways Trust’s AAA/Stable ratings on loans, NCDs and CP. | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating 30 Apr - Crisil, ICRA and India Ratings reaffirm Cube Highways Trust’s AAA/Stable ratings on loans, NCDs and CP.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97372b99-8699-498d-b212-26db4ec3cd7c.pdf) |
| 30 Apr - Crisil, ICRA and India Ratings reaffirm Cube Highways Trust’s AAA/Stable ratings on loans, NCDs and CP. | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating 30 Apr - Crisil, ICRA and India Ratings reaffirm Cube Highways Trust’s AAA/Stable ratings on loans, NCDs and CP.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/97372b99-8699-498d-b212-26db4ec3cd7c.pdf) |
| 3 Mar - Approved acquisition: Agnetta 100% for ₹3.50 crore; Empyrean remaining 2% for ₹0.9682 crore via share-swap. | [Announcement under Regulation 30 (LODR)-Acquisition 3 Mar - Approved acquisition: Agnetta 100% for ₹3.50 crore; Empyrean remaining 2% for ₹0.9682 crore via share-swap.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a856b06c-02c2-4937-8b8d-aff8af6a6e51.pdf) |
| 3 Mar - Acquisition of Agnetta for ₹3.50Cr and remaining Empyrean 2% for ₹96.82L via share-swap; both become wholly owned. | [Announcement under Regulation 30 (LODR)-Acquisition 3 Mar - Acquisition of Agnetta for ₹3.50Cr and remaining Empyrean 2% for ₹96.82L via share-swap; both become wholly owned.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3a554df-d2d6-462b-92df-7918f77def8e.pdf) |
| 27 Feb - Board approved Feb 27, 2026: replace project manager with subsidiary CHAPA(P)L, subject to NHAI and regulatory approvals. | [Reg 23(5)(i): Disclosure of material issue 27 Feb - Board approved Feb 27, 2026: replace project manager with subsidiary CHAPA(P)L, subject to NHAI and regulatory approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75be9bff-8efe-4a32-b9f5-fed5317035d8.pdf) |
| 26 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2025-26 financials announcement. | [Reg 23(5)(i): Disclosure of material issue 26 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2025-26 financials announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad07967f-318e-434d-8911-45cd9bcbca8e.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e049da80-71bd-4813-a7e3-a81965e57c4e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2024-05-23 | [Disclosure of Annual financial information](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa7604ff-449f-4db6-8adb-98009628dc7c.pdf) |
| 2023-11-13 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0021532-79b6-45cd-aab1-bbb965c5ae7c.pdf) |
| 2023-05-23 | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 23, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=026d6526-b744-4bc3-b0ec-a1c9f0b9fc40.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:16:51.013Z.