---
title: "Indus Infra Trust (INDUSINVIT) — Share Price, Financials & Analysis"
symbol: "INDUSINVIT"
company: "Indus Infra Trust"
canonical: "https://tapetide.com/stocks/INDUSINVIT"
isin: "INE0NHL23019"
nse_symbol: "INDUSINVIT"
bse_code: "544137"
sector: "Services"
industry: "Transport Infrastructure"
market_cap_cr: 8121.49
generated_at: "2026-09-13T19:40:19.293Z"
---

# Indus Infra Trust (INDUSINVIT)

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

## Company

- **NSE Symbol:** INDUSINVIT
- **BSE Code:** 544137
- **ISIN:** INE0NHL23019
- **Sector:** Services
- **Industry:** Transport Infrastructure
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-03-12
- **Face Value:** ₹119
- **F&O Eligible:** No
- **Website:** indusinvit.com

## About

Incorporated in 2022, Indus Infra Trust is a SEBI-registered infrastructure investment trust[1]

## Latest Price

- **Price:** ₹132.57
- **Change:** -0.2 (-0.15%)
- **Open:** ₹133.24
- **Day High:** ₹134
- **Day Low:** ₹132.11
- **Previous Close:** ₹132.77
- **Volume:** 185420
- **As Of:** 2026-09-11T09:59:58+00:00

## Key Fundamentals

Observed at 2026-09-11T04:31:24.955149Z.

- **Market Cap:** ₹8121.49 Cr
- **Classification:** Microcap
- **P/E (reported):** 20.8
- **P/E (TTM):** 16.49
- **EPS (TTM):** ₹8.04
- **Book Value:** ₹127.68
- **Price to Book:** 1.04
- **Dividend Yield:** 2.67%
- **ROE:** 9.81%
- **ROCE:** 9.19%
- **Debt to Equity:** 0.97

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 34.72 | 9% |
| growth | 34.7 | 9% |
| momentum | 71.87 | 12% |
| ownership | 50 | 24% |
| quality | 68.52 | 22% |
| valuation | 64.66 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is providing a good dividend yield of 3.19%.
- Company has been maintaining a healthy dividend payout of 359%

### Weaknesses

- Tax rate seems low
- Company has a low return on equity of 5.84% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | -20% | 21% |
| revenue growth | -4% | -21% |

## 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 | 0 | 0 | 121 | 127 | 156 | 210 | 251 | 186 | 123 | 179 | 188 | 285 |
| Expenses | 0 | 0 | 84 | 47 | 37 | 62 | 78 | 37 | 42 | 63 | 59 | 71 |
| Operating Profit | 0 | 0 | 37 | 80 | 119 | 149 | 173 | 149 | 81 | 117 | 129 | 214 |
| OPM % | — | — | 31 | 63 | 77 | 71 | 69 | 80 | 66 | 65 | 69 | 75 |
| Other Income | 0 | 0 | 8 | 64 | 15 | 14 | 18 | 18 | 16 | 24 | 20 | 17 |
| Interest | 0 | 0 | 25 | 28 | 28 | 37 | 36 | 42 | 38 | 41 | 46 | 92 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 20 | 116 | 106 | 126 | 155 | 125 | 59 | 99 | 103 | 139 |
| Tax % | 0 | 0 | 24 | 4 | 2 | 6 | 5 | 4 | 0 | 3 | -3 | 7 |
| Net Profit | 0 | 0 | 15 | 111 | 104 | 119 | 147 | 121 | 59 | 96 | 106 | 129 |
| EPS in Rs | — | — | 0.35 | 2.51 | 2.36 | 2.68 | 3.33 | 2.72 | 1.34 | 2.18 | 2.4 | 2.12 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3093 | 2170 | 1600 | 0 | 121 | 745 | 677 | 775 |
| Expenses | 2813 | 1671 | 1172 | 0 | 84 | 224 | 194 | 234 |
| Operating Profit | 280 | 499 | 428 | 0 | 37 | 521 | 483 | 541 |
| OPM % | 9 | 23 | 27 | — | 30 | 70 | 71 | 70 |
| Other Income | 0 | 0 | 0 | 0 | 8 | 111 | 72 | 77 |
| Interest | 171 | 265 | 344 | 0 | 25 | 129 | 168 | 218 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 109 | 234 | 84 | 0 | 20 | 503 | 387 | 401 |
| Tax % | 31 | 36 | 25 | — | 25 | 4 | 1 | — |
| Net Profit | 75 | 149 | 63 | 0 | 15 | 482 | 383 | 391 |
| EPS in Rs | — | — | — | — | 0.33 | 10.87 | 8.64 | 8.04 |
| Dividend Payout % | 0 | 0 | 0 | — | 886 | 42 | 149 | — |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 178 | 188 | 188 | 0 | 4376 | 4368 | 4218 |
| Reserves | 190 | 340 | 403 | 0 | 580 | 541 | 531 |
| Borrowings | 2284 | 3710 | 4679 | 3 | 1138 | 2144 | 4603 |
| Other Liabilities | 924 | 706 | 267 | 5 | 165 | 59 | 225 |
| Total Liabilities | 3577 | 4944 | 5537 | 8 | 6259 | 7112 | 9577 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 67 | 457 | 145 |
| Other Assets | 3577 | 4944 | 5537 | 8 | 6192 | 6655 | 9429 |
| Total Assets | 3577 | 4944 | 5537 | 8 | 6259 | 7112 | 9577 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1220 | -944 | -398 | 0 | 129 | 439 | 599 |
| Cash from Investing Activity | 74 | -119 | -151 | 0 | 0 | 367 | 699 |
| Cash from Financing Activity | 1162 | 1178 | 626 | 0 | 62 | -829 | -1167 |
| Net Cash Flow | 16 | 115 | 77 | 0 | 191 | -23 | 130 |
| Free Cash Flow | -1220 | -944 | -398 | 0 | 129 | 439 | 599 |
| CFO/OP | -422 | -187 | -85 | — | 232 | 89 | 120 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1 | 6 | 5 | — | 18 | 0 | 1 |
| Cash Conversion Cycle | 1 | 6 | 5 | — | 18 | 0 | 1 |
| Working Capital Days | 23 | 20 | 41 | — | 1471 | 255 | 360 |
| ROCE % | — | 14 | 9 | 0 | 1 | 9 | 7 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 15% | 15% | 15% | 15% | 15% | 58.56% | 58.56% | 58.56% | 46.58% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 25.23% | 25.53% | 24.49% | 24.55% | 24.71% | 24.52% | 24.39% | 23.58% | 33.22% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 5.74% | 5.89% | 7.36% | 7.13% | 7.25% | 7.43% | 7.68% | 8.07% | 6.45% |
| Others | 54.03% | 53.58% | 53.15% | 53.32% | 53.04% | 9.49% | 9.37% | 9.78% | 13.75% |
| No. of Shareholders | 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:** 9 / 4 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 133.16 | Sell |
| EMA (10) | 133.09 | Sell |
| SMA (20) | 133.59 | Sell |
| EMA (20) | 133.18 | Sell |
| SMA (50) | 132.06 | Buy |
| EMA (50) | 131.84 | Buy |
| SMA (100) | 128.94 | Buy |
| EMA (100) | 129.46 | Buy |
| SMA (200) | 124.92 | Buy |
| EMA (200) | 125.65 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.77 | Neutral |
| MACD (12,26,9) | 0.15 | Sell |
| Stochastic (14,3,3) | 12.68 | Buy |
| ADX (14) | 24.12 | Neutral |
| Williams %R (14) | -86.23 | Buy |
| ATR (14) | 1.73 | Neutral |
| ROC (12) | -1.45 | Sell |
| Stoch RSI (14) | 9.88 | Buy |
| UO (7,14,28) | 30.01 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f11130b2-f18f-4273-a580-e0d74a98a2fa.pdf) |
| 2026-08-06 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c10c95d9-1c87-4fc8-9b7a-4f4f2bcc69a6.pdf) |
| 2026-08-05 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=173477cb-ab16-4d6d-b470-0cce126a6585.pdf) |
| 2026-08-05 | [Reg 18(6): Disclosure of record date for purpose of distribution](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3087048d-c384-471e-aedb-123e280c1acc.pdf) |
| 2026-08-05 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee32bbf5-8e58-4ce1-a16a-d6209ad23a75.pdf) |
| 2026-08-03 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=754e4078-cdef-43a9-bb64-6011134625fb.pdf) |
| 2026-08-03 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec31346f-30c8-4360-9cc6-d6b2918c58b9.pdf) |
| 2026-07-24 | [Reg 23(5)(g): Outcome of Unitholder meetings](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f5617df-b69b-4c33-85f5-b47f45d4da6c.pdf) |
| 2026-07-20 | [Reg 26K: Quarterly Compliance Report on Corporate governance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e55d497-a551-408b-acb0-a2da720e423e.pdf) |
| 2026-07-17 | [Unit Holding Pattern](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17b4ef73-a7d6-4bae-812a-52e80e0b6571.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=952769ca-60ed-477c-87af-a041fa84b260.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/952769ca-60ed-477c-87af-a041fa84b260.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4cc8471-3afb-4305-8ab4-e0a2c5de0676.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4cc8471-3afb-4305-8ab4-e0a2c5de0676.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1914997-95fe-4d00-a320-424b7b6ec43c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Indus Infra Trust to hold earnings call on 30 April 2026, 1:30 PM, for FY26 audited results. | [Reg 23(5)(i): Disclosure of material issue 8h - Indus Infra Trust to hold earnings call on 30 April 2026, 1:30 PM, for FY26 audited results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/61fe9af7-81ff-4a74-b620-e6b826e854e1.pdf) |
| 8h - Indus Infra Trust filed Q4 FY26 corporate governance compliance report, noting board and committee compliance. | [Reg 26K: Quarterly Compliance Report on Corporate governance 8h - Indus Infra Trust filed Q4 FY26 corporate governance compliance report, noting board and committee compliance.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e77323e8-f492-4de6-964f-ba57de384823.pdf) |
| 8 May - 12 May 2026 board meeting to consider Rs 1,000 crore commercial papers and other fund raising modes. | [Reg 23(5)(i): Disclosure of material issue 8 May - 12 May 2026 board meeting to consider Rs 1,000 crore commercial papers and other fund raising modes.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b9766cc-a8de-4982-b9d3-7572b36ae28a.pdf) |
| 7h - CARE reaffirmed CARE AAA; Stable rating for ₹7,901.52 crore long-term bank facilities. | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating 7h - CARE reaffirmed CARE AAA; Stable rating for ₹7,901.52 crore long-term bank facilities.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/70054fe6-3137-4791-8dfb-2f7def574d5e.pdf) |
| 7 May - Board meeting on 12 May 2026 to consider issuing up to Rs. 1,000 crore commercial papers. | [Reg 23(5)(i): Disclosure of material issue 7 May - Board meeting on 12 May 2026 to consider issuing up to Rs. 1,000 crore commercial papers.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/22ed9e44-bf2e-4124-84f1-2c9ce636beb0.pdf) |
| 6 Mar - Unitholders approved acquisition from G R Infraprojects and increased consolidated borrowings; passed March 5, 2026. | [Reg 23(5)(i): Disclosure of material issue 6 Mar - Unitholders approved acquisition from G R Infraprojects and increased consolidated borrowings; passed March 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff9fdf2a-0868-4d9b-879b-25ac04589ca0.pdf) |
| 6 Apr - Indus Infra Trust filed unitholding pattern for quarter ended 31 March 2026. | [Unit Holding Pattern 6 Apr - Indus Infra Trust filed unitholding pattern for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2d5b98b-adf5-430b-87fc-f2e64d48e615.pdf) |
| 4 May - Q4 FY26 earnings call transcript: FY26 DPU ₹13.50, Q4 DPU ₹3.50, FY27 guidance ₹14, acquisitions and equity raise planned. | [Reg 23(5)(i): Disclosure of material issue 4 May - Q4 FY26 earnings call transcript: FY26 DPU ₹13.50, Q4 DPU ₹3.50, FY27 guidance ₹14, acquisitions and equity raise planned.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a228bedc-aaac-4c5d-aeaf-64543efe7ec1.pdf) |
| 4 May - Q4 FY26 earnings call transcript: FY26 DPU ₹13.50, Q4 DPU ₹3.50, FY27 guidance ₹14, acquisitions and equity raise planned. | [Reg 23(5)(i): Disclosure of material issue 4 May - Q4 FY26 earnings call transcript: FY26 DPU ₹13.50, Q4 DPU ₹3.50, FY27 guidance ₹14, acquisitions and equity raise planned.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a228bedc-aaac-4c5d-aeaf-64543efe7ec1.pdf) |
| 3h - Indus Infra Trust approved ₹3.50 per unit distribution; record date 5 May 2026, payout by 12 May 2026. | [Reg 18(6): Disclosure of record date for purpose of distribution 3h - Indus Infra Trust approved ₹3.50 per unit distribution; record date 5 May 2026, payout by 12 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a39c1a6d-da1b-4508-9955-deee5af161df.pdf) |

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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 2026-09-13T19:40:19.293Z.