View Financial HealthIndigrid Infrastructure Trust 배당 및 자사주 매입배당 기준 점검 2/6Indigrid Infrastructure Trust 은(는) 현재 수익률이 9.68% 인 배당금 지급 회사입니다. 다음 지급일은 26th May, 2026 이며 배당락일은 다음과 같습니다. 19th May, 2026.핵심 정보9.7%배당 수익률-12.0%자사주 매입 수익률총 주주 수익률-2.3%미래 배당 수익률9.7%배당 성장률3.8%다음 배당 지급일26 May 26배당락일19 May 26주당 배당금n/a배당 성향279%최근 배당 및 자사주 매입 업데이트Declared Dividend • May 16Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 19th May 2026 Payment date: 26th May 2026 Dividend yield will be 9.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (279% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 210% to bring the payout ratio under control. However, EPS has declined by 6.3% over the last 5 years so the company would need to reverse this trend.Declared Dividend • Jul 26Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 29th July 2025 Payment date: 5th August 2025 Dividend yield will be 9.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 246% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.Declared Dividend • May 17Third quarter dividend of ₹4.10 announcedShareholders will receive a dividend of ₹4.10. Ex-date: 20th May 2025 Payment date: 27th May 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 284% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend.Declared Dividend • Jan 25Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 28th January 2025 Payment date: 4th February 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.Declared Dividend • Oct 27Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 30th October 2024 Payment date: 9th November 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.Declared Dividend • May 27Fourth quarter dividend of ₹3.55 announcedShareholders will receive a dividend of ₹3.55. Ex-date: 30th May 2024 Payment date: 8th June 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 3.7% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 204% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.모든 업데이트 보기Recent updatesReported Earnings • May 16Full year 2026 earnings released: EPS: ₹4.57 (vs ₹4.93 in FY 2025)Full year 2026 results: EPS: ₹4.57 (down from ₹4.93 in FY 2025). Revenue: ₹49.5b (up 45% from FY 2025). Net income: ₹3.94b (down 1.0% from FY 2025). Profit margin: 8.0% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Declared Dividend • May 16Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 19th May 2026 Payment date: 26th May 2026 Dividend yield will be 9.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (279% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 210% to bring the payout ratio under control. However, EPS has declined by 6.3% over the last 5 years so the company would need to reverse this trend.공시 • May 07Indigrid Infrastructure Trust to Report Q4, 2026 Results on May 14, 2026Indigrid Infrastructure Trust announced that they will report Q4, 2026 results on May 14, 2026공시 • Mar 25Indigrid Infrastructure Trust (BSE:540565) acquired a majority stake in Gujarat Bess Private Limited from British International Investment plc and Norfund for an enterprise value of INR 5.7 billion.Indigrid Infrastructure Trust (BSE:540565) acquired a majority stake in Gujarat Bess Private Limited from British International Investment plc and Norfund for an enterprise value of INR 5.7 billion on March 25, 2026. The project is setup under Build Own Operate model and shall have an annual revenue of over INR 970 million with a concession tenure of 12 years. Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of majority stake in Gujarat Bess Private Limited from British International Investment plc and Norfund for an enterprise value of INR 5.7 billion on March 25, 2026.공시 • Mar 12Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS.Indigrid Infrastructure Trust (BSE:540565) entered into Share Purchase Agreement to acquire Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS for an enterprise value of INR 3.7 billion on December 2, 2025. A cash consideration will be paid by Indigrid Infrastructure Trust. The deal is for an enterprise vale of INR 3.7 billion excluding any net working capital and cash adjustments. Additionally, there will be an earn-out related to Change-In-Law availability and other bilateral billing related aspects, to be paid to the buyers if and when the payment is realized. Upon completion of the transaction, IndiGrid will acquire full shareholding and management control. The acquisition will be funded through a combination of equity, internal accruals, and debt. The transaction is subject to governmental, regulatory or any other approvals as may be required. Vaibhav Choukse, Upendra Nath Sharma, Bharat Bhushan Sharma, Poonam Verma Sengupta, Vishnu Sudarsan, Shashank Vikram Singh and Kartikeya GS of J. Sagar Associates acted as legal advisor to Indigrid Infrastructure. Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS on March 10, 2026. The governmental, regulatory or any other approvals, as required, are obtained for the aforesaid acquisition in line with the terms of Transmission Service Agreement (“TSA”) and Definitive Agreement.공시 • Mar 05SEIT, IndiGrid, Anzen Reportedly in Talks to Acquire Actis' Renewables ArmSeveral private investors and trusts are in separate discussions to acquire Athena Renewable Energy (Athena Renewable Energy India Private Limited), the Indian renewable energy platform owned by UK-based private equity firm Actis (Actis LLP), multiple people aware of the development. The interested bidders include SEIT (Sustainable Energy Infra Trust Fund (NSEI:SEITINVIT)), the energy InvIT sponsored by Mahindra Susten; IndiGrid (Indigrid Infrastructure Trust (BSE:540565)), backed by KKR; and Anzen InvIT (Anzen India Energy Yield Plus Trust (NSEI:ANZEN)), sponsored by Sekura Energy, which is owned by Edelweiss. The investors have submitted binding bids after completing due diligence, said the sources cited above. The proposed transaction could value Athena at an enterprise value of around INR 23,000 million - INR 25,000 million. The platform currently operates about 550 MW of renewable energy capacity. ET had first reported in January that Actis had put Athena on the block and appointed Kotak Mahindra Capital to manage the sale process. As part of the outreach, Actis had sounded out a select set of potential buyers including Hexa Climate Solutions, IndiGrid, Ontario Teachers' Pension Fund, Sekura Energy and Jindal Renewables. Emails sent to Actis, Mahindra Susten, Sekura Energy and IndiGrid remained unanswered until the publication of this report.공시 • Feb 04Indigrid Infrastructure Trust to Report Q3, 2026 Results on Feb 12, 2026Indigrid Infrastructure Trust announced that they will report Q3, 2026 results on Feb 12, 2026Reported Earnings • Jan 21Second quarter 2026 earnings released: EPS: ₹0.52 (vs ₹1.22 in 2Q 2025)Second quarter 2026 results: EPS: ₹0.52 (down from ₹1.22 in 2Q 2025). Revenue: ₹8.72b (up 4.3% from 2Q 2025). Net income: ₹431.3m (down 55% from 2Q 2025). Profit margin: 4.9% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Jan 20Now 20% overvaluedOver the last 90 days, the stock has fallen 4.4% to ₹165. The fair value is estimated to be ₹137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 12%.공시 • Jan 20Indigrid Infrastructure Trust has filed a Follow-on Equity Offering.Indigrid Infrastructure Trust has filed a Follow-on Equity Offering. Security Name: Units Security Type: Common Stock Price(minimum): INR 167.42 Security Features: Income Trust Transaction Features: Regulation S; Subsequent Direct ListingBuy Or Sell Opportunity • Dec 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.2% to ₹169. The fair value is estimated to be ₹141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 12%.공시 • Dec 03Indigrid Infrastructure Trust (BSE:540565) entered into Share Purchase Agreement to acquire Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS.Indigrid Infrastructure Trust (BSE:540565) entered into Share Purchase Agreement to acquire Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS for an enterprise value of INR 3.7 billion on December 2, 2025. A cash consideration will be paid by Indigrid Infrastructure Trust. The deal is for an enterprise vale of INR 3.7 billion excluding any net working capital and cash adjustments. Additionally, there will be an earn-out related to Change-In-Law availability and other bilateral billing related aspects, to be paid to the buyers if and when the payment is realized. Upon completion of the transaction, IndiGrid will acquire full shareholding and management control. The acquisition will be funded through a combination of equity, internal accruals, and debt. The transaction is subject to governmental, regulatory or any other approvals as may be required.공시 • Nov 12Indigrid Infrastructure Trust announced that it has received INR 4.379999881 billion in funding from a group of investorsOn November 11, 2025, Indigrid Infrastructure Trust closed the transaction. The company issued 25,952,479 shares at a price of INR 168.77 per share for aggregate gross proceeds of INR 4,379,999,880.83.공시 • Nov 04Indigrid Infrastructure Trust to Report First Half, 2026 Results on Nov 11, 2025Indigrid Infrastructure Trust announced that they will report first half, 2026 results on Nov 11, 2025Declared Dividend • Jul 26Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 29th July 2025 Payment date: 5th August 2025 Dividend yield will be 9.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 246% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.공시 • Jul 17Indigrid Infrastructure Trust to Report Q1, 2026 Results on Jul 24, 2025Indigrid Infrastructure Trust announced that they will report Q1, 2026 results on Jul 24, 2025Reported Earnings • Jul 01Full year 2025 earnings released: EPS: ₹4.93 (vs ₹3.89 in FY 2024)Full year 2025 results: EPS: ₹4.93 (up from ₹3.89 in FY 2024). Revenue: ₹34.1b (up 15% from FY 2024). Net income: ₹3.98b (up 40% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공시 • Jun 30Indigrid Infrastructure Trust, Annual General Meeting, Jul 24, 2025Indigrid Infrastructure Trust, Annual General Meeting, Jul 24, 2025, at 11:00 Indian Standard Time.공시 • Jun 25Indigrid Infrastructure Trust (BSE:540565) acquired Koppal-Narendra Transmission Limited from ReNew Solar Power Private Limited and Kni India for an enterprise value not exceeding INR 7.5 billion.Indigrid Infrastructure Trust (BSE:540565) agreed to acquire Koppal-Narendra Transmission Limited from ReNew Solar Power Private Limited and Kni India for an enterprise value not exceeding INR 7.5 billion on June 6, 2025. The mode of consideration is cash. Additionally, there will be an earn-out related to Change-In-Law. Koppal Narendra Transmission is jointly owned by ReNew Solar Power Private Limited (51%) and KNI India (49%), a joint venture between Norfund and KLP. This acquisition will be funded through a combination of equity, internal accruals, and debt. The completion of acquisition would depend upon receipt of relevant regulatory, contractual approvals and lender approvals, and completion of customary condition precedents, as agreed in the definitive agreements signed between parties. Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of Koppal-Narendra Transmission Limited from ReNew Solar Power Private Limited and Kni India on June 24, 2025.공시 • Jun 09Indigrid Infrastructure Trust (BSE:540565) agreed to acquire Renew Surya Aayan Private Limited from ReNew Solar Power Private Limited in a transaction valued at INR 14.3 billion.Indigrid Infrastructure Trust (BSE:540565) agreed to acquire Renew Surya Aayan Private Limited from ReNew Solar Power Private Limited in a transaction valued at INR 14.3 billion on June 6, 2025. This acquisition will be funded through a combination of equity, internal accruals, and debt. For the period ending March 31, 2025, Renew Surya Aayan Private Limited reported total revenue of INR 1.63 billion. The transaction is subject to approval by regulatory board / committee and approval/consents of lenders/creditors.Reported Earnings • May 18Full year 2025 earnings released: EPS: ₹4.93 (vs ₹3.89 in FY 2024)Full year 2025 results: EPS: ₹4.93 (up from ₹3.89 in FY 2024). Revenue: ₹34.4b (up 16% from FY 2024). Net income: ₹3.98b (up 40% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Declared Dividend • May 17Third quarter dividend of ₹4.10 announcedShareholders will receive a dividend of ₹4.10. Ex-date: 20th May 2025 Payment date: 27th May 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 284% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend.공시 • May 10Indigrid Infrastructure Trust to Report Fiscal Year 2025 Results on May 15, 2025Indigrid Infrastructure Trust announced that they will report fiscal year 2025 results on May 15, 2025Reported Earnings • Jan 27Third quarter 2025 earnings released: EPS: ₹0.66 (vs ₹1.20 in 3Q 2024)Third quarter 2025 results: EPS: ₹0.66 (down from ₹1.20 in 3Q 2024). Revenue: ₹8.04b (up 2.7% from 3Q 2024). Net income: ₹547.2m (down 39% from 3Q 2024). Profit margin: 6.8% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.Declared Dividend • Jan 25Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 28th January 2025 Payment date: 4th February 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.공시 • Jan 16India Grid Trust to Report Q3, 2025 Results on Jan 23, 2025India Grid Trust announced that they will report Q3, 2025 results on Jan 23, 2025Reported Earnings • Oct 27Second quarter 2025 earnings released: EPS: ₹1.22 (vs ₹0.51 in 2Q 2024)Second quarter 2025 results: EPS: ₹1.22 (up from ₹0.51 in 2Q 2024). Revenue: ₹8.36b (up 17% from 2Q 2024). Net income: ₹956.3m (up 166% from 2Q 2024). Profit margin: 11% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.Declared Dividend • Oct 27Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 30th October 2024 Payment date: 9th November 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.공시 • Oct 15India Grid Trust to Report Q2, 2025 Results on Oct 25, 2024India Grid Trust announced that they will report Q2, 2025 results on Oct 25, 2024New Risk • Aug 29New major risk - Revenue and earnings growthEarnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.9% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding).공시 • Aug 22KKR Affiliate to Sell 17% Stake in India Grid TrustU.S. private equity firm KKR's affiliate, Esoteric II Pte. Ltd., will sell a 17.3% stake in India Grid Trust (BSE:540565) for $213.6 million, the Indian investment firm said on August 21, 2024. The sale involves 135.8 million IndiGrid shares at an offer price of INR 132 each. The offer comprises a base offer of 9.66% stake with an oversubscription option of 7.66%. Esoteric, a sponsor of IndiGrid, is also a majority unitholder of IndiGrid Investment Managers, holding a 74% stake. The latter is responsible for IndiGrid's operations, including cash flows, acquisitions, and divestments. The share sale is scheduled for August 22 and 23, with Axis Capital, Ambit Capital, and SBICAP Securities appointed as selling brokers.Reported Earnings • Jul 26First quarter 2025 earnings released: EPS: ₹1.71 (vs ₹1.49 in 1Q 2024)First quarter 2025 results: EPS: ₹1.71 (up from ₹1.49 in 1Q 2024). Revenue: ₹8.73b (up 34% from 1Q 2024). Net income: ₹1.34b (up 29% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is expected to decline by 3.0% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in India are expected to grow by 10%. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.공시 • Jul 16India Grid Trust to Report Q1, 2025 Results on Jul 24, 2024India Grid Trust announced that they will report Q1, 2025 results on Jul 24, 2024공시 • Jun 29India Grid Trust, Annual General Meeting, Jul 24, 2024India Grid Trust, Annual General Meeting, Jul 24, 2024, at 11:00 Indian Standard Time.Declared Dividend • May 27Fourth quarter dividend of ₹3.55 announcedShareholders will receive a dividend of ₹3.55. Ex-date: 30th May 2024 Payment date: 8th June 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 3.7% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 204% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • May 26India Grid Trust Declares Fourth Quarter of Fiscal Year 2024 Distribution, Payable on or Before June 8, 2024IndiGrid Investment Managers Limited announced that Board of Directors of IndiGrid Investment Managers Limited acting in the capacity of Investment Manager to India Grid Trust in its meeting held on May 24, 2024 approved declaration of fourth quarter of fiscal year 2024 distribution of INR 3.55 per unit comprising INR 2.7361 per unit in the form of Interest, INR 0.8139 per unit in the form of Dividend (wherein INR 0.7884 is taxable, and INR 0.0255 is non-taxable). The record date for this distribution will be May 30, 2024, and payment will be made on or before June 8, 2024.공시 • May 19India Grid Trust to Report Q4, 2024 Results on May 24, 2024India Grid Trust announced that they will report Q4, 2024 results on May 24, 2024Major Estimate Revision • Jan 31Consensus revenue estimates increase by 18%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₹24.2b to ₹28.5b. EPS estimate fell from ₹6.90 to ₹6.30. Net income forecast to grow 13% next year vs 11% growth forecast for Electric Utilities industry in India. Consensus price target of ₹140 unchanged from last update. Share price was steady at ₹135 over the past week.Declared Dividend • Jan 27Dividend of ₹3.55 announcedShareholders will receive a dividend of ₹3.55. Ex-date: 31st January 2024 Payment date: 9th February 2024 Dividend yield will be 10%, which is higher than the industry average of 3.0%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 173% to bring the payout ratio under control. EPS is expected to grow by 13% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Jan 26India Grid Trust Approves Distribution of Third Quarter of 2024, Payable on or Before February 09, 2024India Grid Trust approved Third Quarter FY24 distribution of INR 3.55 per unit comprising INR 2.9510 per unit in the form of Interest and INR 0.5621 per unit in the form of Capital repayment and INR 0.0369 in the form of Other Income. The record date for this distribution will be January 31, 2024, and payment will be made on or before February 09, 2024.공시 • Jan 19India Grid Trust to Report Q3, 2024 Results on Jan 25, 2024India Grid Trust announced that they will report Q3, 2024 results on Jan 25, 2024공시 • Jan 09India Grid Trust (BSE:540565) agreed to acquire Renew Solar Urja Private Limited from ReNew Energy Global Plc (NasdaqGS:RNW) for $90 million.India Grid Trust (BSE:540565) agreed to acquire Renew Solar Urja Private Limited from ReNew Energy Global Plc (NasdaqGS:RNW) for $90 million on January 8, 2024. The transaction is for a total enterprise value of $199 million. Approximately $8 million is expected to be additionally received as an earn-out on account of change-in-law proceeds, after the first payment is realized by Renew Solar Urja. The transaction is expected to close in accordance with PPA conditions.New Risk • Dec 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 245% Cash payout ratio: 423% Minor Risk Shareholders have been diluted in the past year (7.5% increase in shares outstanding).공시 • Dec 06India Grid Trust to Report First Half, 2024 Results on Dec 05, 2023India Grid Trust announced that they will report first half, 2024 results on Dec 05, 2023Reported Earnings • Nov 14Second quarter 2024 earnings released: EPS: ₹0.51 (vs ₹1.75 in 2Q 2023)Second quarter 2024 results: EPS: ₹0.51 (down from ₹1.75 in 2Q 2023). Revenue: ₹7.20b (up 18% from 2Q 2023). Net income: ₹360.1m (down 71% from 2Q 2023). Profit margin: 5.0% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in India are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공시 • Oct 28India Grid Trust to Report Q2, 2024 Results on Nov 03, 2023India Grid Trust announced that they will report Q2, 2024 results on Nov 03, 2023New Risk • Jul 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 197% Cash payout ratio: 382% Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future.Reported Earnings • Jul 30First quarter 2024 earnings released: EPS: ₹1.49 (vs ₹1.16 in 1Q 2023)First quarter 2024 results: EPS: ₹1.49 (up from ₹1.16 in 1Q 2023). Revenue: ₹6.53b (up 14% from 1Q 2023). Net income: ₹1.04b (up 29% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in India are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Jul 29India Grid Trust Declares Dividend for the Fourth Quarter of Fiscal Year 2024, Payable on Before August 12, 2023India Grid Trust at its board meeting held on July 28, 2023 declared distribution of INR 3.45 per unit comprising INR 3.1759 per unit in the form of Interest, INR 0.0611 per unit in the form of Dividend, INR 0.2010 per unit in the form of Principal payment and INR 0.0120 in the form of Other Income for the first quarter of fiscal year 2024. The record date for this distribution will be August 3, 2023, and payment will be made on or before August 12, 2023.공시 • Jul 24India Grid Trust to Report Q1, 2024 Results on Jul 28, 2023India Grid Trust announced that they will report Q1, 2024 results on Jul 28, 2023New Risk • Jul 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 205% Cash payout ratio: 382% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 205% Cash payout ratio: 382%공시 • Jun 30India Grid Trust, Annual General Meeting, Jul 28, 2023India Grid Trust, Annual General Meeting, Jul 28, 2023, at 11:00 Indian Standard Time. Agenda: To consider and adopt audited standalone financial statements and audited consolidated financial statements of indigrid as at and for the financial year ended on march 31, 2023; to consider approve and adopt valuation report issued by mr. pradhan dass, valuer for the valuation of the invit assets as on march 31, 2023; to consider and appoint mr. manish gadia, chartered accountant, bearing ibbi registration number ibbi/rv/06/2019/11646 as the valuer of india grid trust; and to consider other matters.Reported Earnings • May 14Full year 2023 earnings released: EPS: ₹6.51 (vs ₹5.03 in FY 2022)Full year 2023 results: EPS: ₹6.51 (up from ₹5.03 in FY 2022). Revenue: ₹24.1b (up 6.1% from FY 2022). Net income: ₹4.56b (up 31% from FY 2022). Profit margin: 19% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.공시 • May 13India Grid Trust Approves Distribution for Fourth Quarter of Fiscal Year 2023, Payable on or Before May 27, 2023India Grid Trust approved Declaration of fourth quarter Fiscal Year 23 distribution of INR 3.45 per unit comprising INR 2.5344 per unit in the form of Interest, INR 0.2848 per unit in the form of Dividend (wherein INR 0.0257 is taxable, and INR 0.2591 is non- taxable) and INR 0.5853 per unit in the form of Principal payment and INR 0.0455 per unit in the form of Other Income. The record date for this distribution will be May 18, 2023, and payment will be made on or before May 27, 2023.공시 • May 06India Grid Trust to Report Fiscal Year 2023 Results on May 12, 2023India Grid Trust announced that they will report fiscal year 2023 results on May 12, 2023Reported Earnings • Jan 26Third quarter 2023 earnings released: EPS: ₹1.68 (vs ₹1.32 in 3Q 2022)Third quarter 2023 results: EPS: ₹1.68 (up from ₹1.32 in 3Q 2022). Revenue: ₹6.07b (up 4.9% from 3Q 2022). Net income: ₹1.17b (up 27% from 3Q 2022). Profit margin: 19% (up from 16% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.공시 • Jan 26India Grid Trust Approves Distribution for Third Quarter of Fiscal Year 2023, Payable on or Before February 09, 2023India Grid Trust announced that meeting of the Board of Directors held on January 25, 2023, approved the declaration of Third Quarter Fiscal Year 23 distribution of INR 3.30 per unit comprising INR 2.8042 per unit in the form of Interest and INR 0.4958 per unit in the form of Principal payment. The record date for this distribution will be January 31, 2023, and payment will be made on or before February 09, 2023.공시 • Jan 24India Grid Trust (BSE:540565) entered into an agreement to acquire Khargone Transmission Limited from Sterlite Power Transmission Limited for an enterprise value of INR 14.98 billionIndia Grid Trust (BSE:540565) entered into an agreement to acquire Khargone Transmission Limited from Sterlite Power Transmission Limited for an enterprise value of INR 14.98 billion on January 21, 2023. The consideration will be paid in cash. The completion of acquisition would depend upon receipt of Unitholders’ consent, regulatory and other relevant approvals as well as completion of contractual obligations. Khargone Transmission Limited recorded a turnover of INR 1.35 billion for the year ended March 31, 2022.공시 • Jan 20India Grid Trust to Report Q3, 2023 Results on Jan 30, 2023India Grid Trust announced that they will report Q3, 2023 results on Jan 30, 2023공시 • Jan 10India Grid Trust Announces the Resignation of Ms. Divya Bedi Verma as Chief Financial Officer of Indigrid Investment Managers Limited, Effective on or before April 10, 2023India Grid Trust announced the resignation of Ms. Divya Bedi Verma as Chief Financial Officer of Indigrid Investment Managers Limited, effective on or before April 10, 2023. To pursue other interests.Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director of IndiGrid Investment Managers Limited Jaya Vaidhyanathan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Dec 27India Grid Trust Announces Retirement of Mr. Rahul Asthana, an Independent Director with Effect from December 25, 2022India Grid Trust announced that Mr. Rahul Asthana (DIN- 00234247), an Independent Director of the Company has completed the second term of office on December 25, 2022, thereby completing two terms as an Independent Director. Consequently, Mr. Asthana ceased to be a Director of Investment Manager of India Grid Trust with effect from December 25, 2022.Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: ₹1.75 (vs ₹1.06 in 2Q 2022)Second quarter 2023 results: EPS: ₹1.75 (up from ₹1.06 in 2Q 2022). Revenue: ₹5.96b (up 7.4% from 2Q 2022). Net income: ₹1.22b (up 64% from 2Q 2022). Profit margin: 21% (up from 13% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.공시 • Nov 12India Grid Trust Approves Distribution for Second Quarter of Fiscal Year 2023, Payable on or Before November 25, 2022The board of India Grid Trust Board approved a Distribution Per Unit (DPU) of INR 3.30 for second quarter of fiscal year 2023 to unitholders in line with the distribution guidance of INR 13.20 per unit for fiscal year 2023. The record date for the distribution is November 16, 2022 and shall be paid as INR 3.11 per unit in the form of interest and INR 0.19 per unit as capital repayment. The dividend is payable on or before November 25, 2022.공시 • Nov 05India Grid Trust to Report Q2, 2023 Results on Nov 10, 2022India Grid Trust announced that they will report Q2, 2023 results on Nov 10, 2022Board Change • Jul 28Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director of IndiGrid Investment Managers Limited Jaya Vaidhyanathan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Jul 27+ 3 more updatesIndia Grid Trust Approves Distribution for the First Quarter of 2023India Grid Trust Board of the Investment Manager also approved a Distribution Per Unit (DPU) of INR 3.30 for first quarter Fiscal Year 2023 to unitholders. The record date for the distribution is August 01, 2022 and shall be paid as INR 3.06 per unit in the form of interest and INR 0.24 per unit as capital repayment.공시 • Jul 20India Grid Trust to Report Q1, 2023 Results on Jul 26, 2022India Grid Trust announced that they will report Q1, 2023 results on Jul 26, 2022Reported Earnings • Jun 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹5.03. Revenue: ₹22.7b (up 33% from FY 2021). Net income: ₹3.48b (up 4.4% from FY 2021). Profit margin: 15% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 5.9%, compared to a 11% growth forecast for the industry in India.공시 • Jun 29India Grid Trust, Annual General Meeting, Jul 26, 2022India Grid Trust, Annual General Meeting, Jul 26, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt audited standalone financial statements and audited consolidated financial statements of indigrid as at and for the financial year ended on March 31, 2022 together with the report of the auditors thereon for the financial year ended on March 31, 2022 and the report on performance of Indigrid; to consider, approve and adopt valuation report issued by S Sundararaman, independent valuer for the valuation of the special purpose vehicles as on March 31, 2022; to consider and appoint Pradhan Dass, chartered accountant, bearing IBBI registration number IBBI/RV/06/2022/14558 as the valuer of India Grid Trust; and to consider and approve appointment of Jyoti Kumar Agarwal as a chief executive officer and whole-time director of investment manager.Reported Earnings • May 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹5.03. Revenue: ₹22.6b (up 32% from FY 2021). Net income: ₹3.48b (up 4.4% from FY 2021). Profit margin: 15% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 6.7%, compared to a 10% growth forecast for the industry in India.공시 • May 21+ 1 more updateIndiGrid Provides Dividend Guidance for the Fiscal Year 2023IndiGrid provided dividend guidance for the fiscal year 2023. For the year, the company provided DPU guidance increased by 3.5% to INR 13.20.공시 • May 15India Grid Trust to Report Fiscal Year 2022 Results on May 20, 2022India Grid Trust announced that they will report fiscal year 2022 results on May 20, 2022Price Target Changed • Apr 27Price target increased to ₹148Up from ₹118, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹152. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹7.55 for next year compared to ₹5.72 last year.공시 • Jan 28+ 1 more updateIndia Grid Trust Announces Board ChangesIndia Grid Trust at the Board Meeting held on January 27, 2022, approved the appointment of Ms. Ami Momaya (DIN: 06836758) as a Non-Executive Director on the Board of IIML as nominated by Electron IM Pte. Ltd., an affiliate of KKR & Co. Inc., and resignation of Mr. Sanjay Nayar (DIN: 00002615) as a Non-Executive Director on the Board of IIML with effect from January 27, 2022.Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₹1.32 (down from ₹1.62 in 3Q 2021). Revenue: ₹5.81b (up 33% from 3Q 2021). Net income: ₹924.9m (down 2.2% from 3Q 2021). Profit margin: 16% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 8.2%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS ₹1.06 (vs ₹1.47 in 2Q 2021)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹5.55b (up 47% from 2Q 2021). Net income: ₹743.4m (down 13% from 2Q 2021). Profit margin: 13% (down from 23% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Reported Earnings • Aug 02First quarter 2022 earnings released: EPS ₹1.27 (vs ₹1.47 in 1Q 2021)The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2022 results: Revenue: ₹5.65b (up 54% from 1Q 2021). Net income: ₹852.6m (flat on 1Q 2021). Profit margin: 15% (down from 23% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.공시 • Jul 15India Grid Trust (BSE:540565) completed the acquisition of FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V.India Grid Trust (BSE:540565) signed a securities purchase agreement to acquire FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. for an enterprise value of INR 6.6 billion on December 18, 2020. The deal value is subject to adjustment on account of movement in cash, tariff receivables, other assets, liabilities outstanding as on valuation date and any other adjustments as specified in the definitive agreements. FRV I reported revenues of INR 470 million while FRV 2 reported revenues of INR 500 million in the fiscal year 2019-2020. The transaction is subject to receipt of relevant approvals and completion of contractual obligations as well as to the terms of securities purchase and other definitive agreements and requisite regulatory and other relevant approvals like lenders’ approval. Cyril Amarchand acted as legal advisor and PricewaterhouseCoopers acted as accountant to India Grid Trust in the transaction. Dibyanshu of Khaitan & Co acted as legal advisor and Greenstone Advisor provided advise to FRV Group. Dibyanshu of BDO Advisory LLP acted as legal advisor to FRV Group. India Grid Trust (BSE:540565) completed the acquisition of FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. on July 13, 2021.Reported Earnings • May 30Full year 2021 earnings released: EPS ₹5.72 (vs ₹9.13 in FY 2020)The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹17.0b (up 34% from FY 2020). Net income: ₹3.34b (down 34% from FY 2020). Profit margin: 20% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.공시 • May 28India Grid Trust Declares Distribution for Fourth Quarter of Fiscal 2021, Payable on or Before June 11, 2021India Grid Trust announced declaration of distribution of INR 3.10 per unit comprising INR 1.51 in the form of Interest, INR 0.52 in the form of Dividend and INR 1.07 in the form of Principal payment for fourth quarter of fiscal 2021. The record date for this distribution will be June 02, 2021 and payment will be made on or before June 11, 2021.Is New 90 Day High Low • Feb 02New 90-day high: ₹137The company is up 25% from its price of ₹109 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,860 per share.Price Target Changed • Jan 29Price target raised to ₹130Up from ₹117, the current price target is an average from 2 analysts. The new target price is close to the current share price of ₹135. As of last close, the stock is up 43% over the past year.Reported Earnings • Jan 23Third quarter 2021 earnings released: EPS ₹1.62The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2021 results: Revenue: ₹4.39b (up 28% from 3Q 2020). Net income: ₹945.8m (down 28% from 3Q 2020). Profit margin: 22% (down from 38% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Jan 23Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Over the next year, revenue is forecast to grow 29%, compared to a 11% growth forecast for the Electric Utilities industry in India.공시 • Jan 17India Grid Trust to Report Q3, 2021 Results on Jan 22, 2021India Grid Trust announced that they will report Q3, 2021 results on Jan 22, 2021Is New 90 Day High Low • Jan 15New 90-day high: ₹128The company is up 20% from its price of ₹106 on 16 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,859 per share.Is New 90 Day High Low • Dec 30New 90-day high: ₹124The company is up 18% from its price of ₹105 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,859 per share.공시 • Dec 20India Grid Trust (BSE:540565) signed a securities purchase agreement to acquire FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. for an entreprise value of INR 6.6 billion.India Grid Trust (BSE:540565) signed a securities purchase agreement to acquire FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. for an entreprise value of INR 6.6 billion on December 18, 2020. The deal value is subject to adjustment on account of movement in cash, tariff receivables, other assets, liabilities outstanding as on valuation date and any other adjustments as specified in the definitive agreements. FRV I reported revenues of INR 470 million while FRV 2 reported revenues of INR 500 million in the fiscal year 2019-2020. The transaction is subject to receipt of relevant approvals and completion of contractual obligations as well as to the terms of securities purchase and other definitive agreements and requisite regulatory and other relevant approvals like lenders’ approval. Cyril Amarchand acted as legal advisor and PricewaterhouseCoopers acted as accountant to India Grid Trust in the transaction. Khaitan & Co acted as legal advisor and Greenstone Advisor provided advise to FRV Group.Is New 90 Day High Low • Dec 09New 90-day high: ₹112The company is up 10.0% from its price of ₹102 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,578 per share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 배당금 지급이 안정적인 반면, 540565 은(는) 배당금을 지급한 지 10년도 채 되지 않았습니다.배당금 증가: 540565 의 배당금 지급이 증가했지만 회사는 9 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Indigrid Infrastructure Trust 배당 수익률 vs 시장540565의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (540565)9.7%시장 하위 25% (IN)0.3%시장 상위 25% (IN)1.5%업계 평균 (Electric Utilities)2.4%분석가 예측 (540565) (최대 3년)9.7%주목할만한 배당금: 540565 의 배당금( 9.68% )은 Indian 시장에서 배당금 지급자의 하위 25%( 0.3% )보다 높습니다.고배당: 540565 의 배당금( 9.68% )은 Indian 시장( 1.48% )주주 대상 이익 배당수익 보장: 지급 비율 ( 278.6% )이 높기 때문에 540565 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 540565 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YIN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 09:30종가2026/05/21 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Indigrid Infrastructure Trust는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Pankaj KaduAxis Capital LimitedAbhishek PuriAxis Capital LimitedSubhadip MitraJM Financial Institutional Securities Limited4명의 분석가 더 보기
Declared Dividend • May 16Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 19th May 2026 Payment date: 26th May 2026 Dividend yield will be 9.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (279% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 210% to bring the payout ratio under control. However, EPS has declined by 6.3% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • Jul 26Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 29th July 2025 Payment date: 5th August 2025 Dividend yield will be 9.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 246% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • May 17Third quarter dividend of ₹4.10 announcedShareholders will receive a dividend of ₹4.10. Ex-date: 20th May 2025 Payment date: 27th May 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 284% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • Jan 25Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 28th January 2025 Payment date: 4th February 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • Oct 27Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 30th October 2024 Payment date: 9th November 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • May 27Fourth quarter dividend of ₹3.55 announcedShareholders will receive a dividend of ₹3.55. Ex-date: 30th May 2024 Payment date: 8th June 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 3.7% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 204% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • May 16Full year 2026 earnings released: EPS: ₹4.57 (vs ₹4.93 in FY 2025)Full year 2026 results: EPS: ₹4.57 (down from ₹4.93 in FY 2025). Revenue: ₹49.5b (up 45% from FY 2025). Net income: ₹3.94b (down 1.0% from FY 2025). Profit margin: 8.0% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Declared Dividend • May 16Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 19th May 2026 Payment date: 26th May 2026 Dividend yield will be 9.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (279% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 210% to bring the payout ratio under control. However, EPS has declined by 6.3% over the last 5 years so the company would need to reverse this trend.
공시 • May 07Indigrid Infrastructure Trust to Report Q4, 2026 Results on May 14, 2026Indigrid Infrastructure Trust announced that they will report Q4, 2026 results on May 14, 2026
공시 • Mar 25Indigrid Infrastructure Trust (BSE:540565) acquired a majority stake in Gujarat Bess Private Limited from British International Investment plc and Norfund for an enterprise value of INR 5.7 billion.Indigrid Infrastructure Trust (BSE:540565) acquired a majority stake in Gujarat Bess Private Limited from British International Investment plc and Norfund for an enterprise value of INR 5.7 billion on March 25, 2026. The project is setup under Build Own Operate model and shall have an annual revenue of over INR 970 million with a concession tenure of 12 years. Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of majority stake in Gujarat Bess Private Limited from British International Investment plc and Norfund for an enterprise value of INR 5.7 billion on March 25, 2026.
공시 • Mar 12Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS.Indigrid Infrastructure Trust (BSE:540565) entered into Share Purchase Agreement to acquire Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS for an enterprise value of INR 3.7 billion on December 2, 2025. A cash consideration will be paid by Indigrid Infrastructure Trust. The deal is for an enterprise vale of INR 3.7 billion excluding any net working capital and cash adjustments. Additionally, there will be an earn-out related to Change-In-Law availability and other bilateral billing related aspects, to be paid to the buyers if and when the payment is realized. Upon completion of the transaction, IndiGrid will acquire full shareholding and management control. The acquisition will be funded through a combination of equity, internal accruals, and debt. The transaction is subject to governmental, regulatory or any other approvals as may be required. Vaibhav Choukse, Upendra Nath Sharma, Bharat Bhushan Sharma, Poonam Verma Sengupta, Vishnu Sudarsan, Shashank Vikram Singh and Kartikeya GS of J. Sagar Associates acted as legal advisor to Indigrid Infrastructure. Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS on March 10, 2026. The governmental, regulatory or any other approvals, as required, are obtained for the aforesaid acquisition in line with the terms of Transmission Service Agreement (“TSA”) and Definitive Agreement.
공시 • Mar 05SEIT, IndiGrid, Anzen Reportedly in Talks to Acquire Actis' Renewables ArmSeveral private investors and trusts are in separate discussions to acquire Athena Renewable Energy (Athena Renewable Energy India Private Limited), the Indian renewable energy platform owned by UK-based private equity firm Actis (Actis LLP), multiple people aware of the development. The interested bidders include SEIT (Sustainable Energy Infra Trust Fund (NSEI:SEITINVIT)), the energy InvIT sponsored by Mahindra Susten; IndiGrid (Indigrid Infrastructure Trust (BSE:540565)), backed by KKR; and Anzen InvIT (Anzen India Energy Yield Plus Trust (NSEI:ANZEN)), sponsored by Sekura Energy, which is owned by Edelweiss. The investors have submitted binding bids after completing due diligence, said the sources cited above. The proposed transaction could value Athena at an enterprise value of around INR 23,000 million - INR 25,000 million. The platform currently operates about 550 MW of renewable energy capacity. ET had first reported in January that Actis had put Athena on the block and appointed Kotak Mahindra Capital to manage the sale process. As part of the outreach, Actis had sounded out a select set of potential buyers including Hexa Climate Solutions, IndiGrid, Ontario Teachers' Pension Fund, Sekura Energy and Jindal Renewables. Emails sent to Actis, Mahindra Susten, Sekura Energy and IndiGrid remained unanswered until the publication of this report.
공시 • Feb 04Indigrid Infrastructure Trust to Report Q3, 2026 Results on Feb 12, 2026Indigrid Infrastructure Trust announced that they will report Q3, 2026 results on Feb 12, 2026
Reported Earnings • Jan 21Second quarter 2026 earnings released: EPS: ₹0.52 (vs ₹1.22 in 2Q 2025)Second quarter 2026 results: EPS: ₹0.52 (down from ₹1.22 in 2Q 2025). Revenue: ₹8.72b (up 4.3% from 2Q 2025). Net income: ₹431.3m (down 55% from 2Q 2025). Profit margin: 4.9% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Jan 20Now 20% overvaluedOver the last 90 days, the stock has fallen 4.4% to ₹165. The fair value is estimated to be ₹137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 12%.
공시 • Jan 20Indigrid Infrastructure Trust has filed a Follow-on Equity Offering.Indigrid Infrastructure Trust has filed a Follow-on Equity Offering. Security Name: Units Security Type: Common Stock Price(minimum): INR 167.42 Security Features: Income Trust Transaction Features: Regulation S; Subsequent Direct Listing
Buy Or Sell Opportunity • Dec 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.2% to ₹169. The fair value is estimated to be ₹141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 12%.
공시 • Dec 03Indigrid Infrastructure Trust (BSE:540565) entered into Share Purchase Agreement to acquire Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS.Indigrid Infrastructure Trust (BSE:540565) entered into Share Purchase Agreement to acquire Gadag Transmission Limited from Renew Transmission Ventures Private Limited and KNI India AS for an enterprise value of INR 3.7 billion on December 2, 2025. A cash consideration will be paid by Indigrid Infrastructure Trust. The deal is for an enterprise vale of INR 3.7 billion excluding any net working capital and cash adjustments. Additionally, there will be an earn-out related to Change-In-Law availability and other bilateral billing related aspects, to be paid to the buyers if and when the payment is realized. Upon completion of the transaction, IndiGrid will acquire full shareholding and management control. The acquisition will be funded through a combination of equity, internal accruals, and debt. The transaction is subject to governmental, regulatory or any other approvals as may be required.
공시 • Nov 12Indigrid Infrastructure Trust announced that it has received INR 4.379999881 billion in funding from a group of investorsOn November 11, 2025, Indigrid Infrastructure Trust closed the transaction. The company issued 25,952,479 shares at a price of INR 168.77 per share for aggregate gross proceeds of INR 4,379,999,880.83.
공시 • Nov 04Indigrid Infrastructure Trust to Report First Half, 2026 Results on Nov 11, 2025Indigrid Infrastructure Trust announced that they will report first half, 2026 results on Nov 11, 2025
Declared Dividend • Jul 26Fourth quarter dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 29th July 2025 Payment date: 5th August 2025 Dividend yield will be 9.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 246% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.
공시 • Jul 17Indigrid Infrastructure Trust to Report Q1, 2026 Results on Jul 24, 2025Indigrid Infrastructure Trust announced that they will report Q1, 2026 results on Jul 24, 2025
Reported Earnings • Jul 01Full year 2025 earnings released: EPS: ₹4.93 (vs ₹3.89 in FY 2024)Full year 2025 results: EPS: ₹4.93 (up from ₹3.89 in FY 2024). Revenue: ₹34.1b (up 15% from FY 2024). Net income: ₹3.98b (up 40% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공시 • Jun 30Indigrid Infrastructure Trust, Annual General Meeting, Jul 24, 2025Indigrid Infrastructure Trust, Annual General Meeting, Jul 24, 2025, at 11:00 Indian Standard Time.
공시 • Jun 25Indigrid Infrastructure Trust (BSE:540565) acquired Koppal-Narendra Transmission Limited from ReNew Solar Power Private Limited and Kni India for an enterprise value not exceeding INR 7.5 billion.Indigrid Infrastructure Trust (BSE:540565) agreed to acquire Koppal-Narendra Transmission Limited from ReNew Solar Power Private Limited and Kni India for an enterprise value not exceeding INR 7.5 billion on June 6, 2025. The mode of consideration is cash. Additionally, there will be an earn-out related to Change-In-Law. Koppal Narendra Transmission is jointly owned by ReNew Solar Power Private Limited (51%) and KNI India (49%), a joint venture between Norfund and KLP. This acquisition will be funded through a combination of equity, internal accruals, and debt. The completion of acquisition would depend upon receipt of relevant regulatory, contractual approvals and lender approvals, and completion of customary condition precedents, as agreed in the definitive agreements signed between parties. Indigrid Infrastructure Trust (BSE:540565) completed the acquisition of Koppal-Narendra Transmission Limited from ReNew Solar Power Private Limited and Kni India on June 24, 2025.
공시 • Jun 09Indigrid Infrastructure Trust (BSE:540565) agreed to acquire Renew Surya Aayan Private Limited from ReNew Solar Power Private Limited in a transaction valued at INR 14.3 billion.Indigrid Infrastructure Trust (BSE:540565) agreed to acquire Renew Surya Aayan Private Limited from ReNew Solar Power Private Limited in a transaction valued at INR 14.3 billion on June 6, 2025. This acquisition will be funded through a combination of equity, internal accruals, and debt. For the period ending March 31, 2025, Renew Surya Aayan Private Limited reported total revenue of INR 1.63 billion. The transaction is subject to approval by regulatory board / committee and approval/consents of lenders/creditors.
Reported Earnings • May 18Full year 2025 earnings released: EPS: ₹4.93 (vs ₹3.89 in FY 2024)Full year 2025 results: EPS: ₹4.93 (up from ₹3.89 in FY 2024). Revenue: ₹34.4b (up 16% from FY 2024). Net income: ₹3.98b (up 40% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Declared Dividend • May 17Third quarter dividend of ₹4.10 announcedShareholders will receive a dividend of ₹4.10. Ex-date: 20th May 2025 Payment date: 27th May 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 284% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend.
공시 • May 10Indigrid Infrastructure Trust to Report Fiscal Year 2025 Results on May 15, 2025Indigrid Infrastructure Trust announced that they will report fiscal year 2025 results on May 15, 2025
Reported Earnings • Jan 27Third quarter 2025 earnings released: EPS: ₹0.66 (vs ₹1.20 in 3Q 2024)Third quarter 2025 results: EPS: ₹0.66 (down from ₹1.20 in 3Q 2024). Revenue: ₹8.04b (up 2.7% from 3Q 2024). Net income: ₹547.2m (down 39% from 3Q 2024). Profit margin: 6.8% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.
Declared Dividend • Jan 25Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 28th January 2025 Payment date: 4th February 2025 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.
공시 • Jan 16India Grid Trust to Report Q3, 2025 Results on Jan 23, 2025India Grid Trust announced that they will report Q3, 2025 results on Jan 23, 2025
Reported Earnings • Oct 27Second quarter 2025 earnings released: EPS: ₹1.22 (vs ₹0.51 in 2Q 2024)Second quarter 2025 results: EPS: ₹1.22 (up from ₹0.51 in 2Q 2024). Revenue: ₹8.36b (up 17% from 2Q 2024). Net income: ₹956.3m (up 166% from 2Q 2024). Profit margin: 11% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.
Declared Dividend • Oct 27Second quarter dividend of ₹3.75 announcedShareholders will receive a dividend of ₹3.75. Ex-date: 30th October 2024 Payment date: 9th November 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.
공시 • Oct 15India Grid Trust to Report Q2, 2025 Results on Oct 25, 2024India Grid Trust announced that they will report Q2, 2025 results on Oct 25, 2024
New Risk • Aug 29New major risk - Revenue and earnings growthEarnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.9% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding).
공시 • Aug 22KKR Affiliate to Sell 17% Stake in India Grid TrustU.S. private equity firm KKR's affiliate, Esoteric II Pte. Ltd., will sell a 17.3% stake in India Grid Trust (BSE:540565) for $213.6 million, the Indian investment firm said on August 21, 2024. The sale involves 135.8 million IndiGrid shares at an offer price of INR 132 each. The offer comprises a base offer of 9.66% stake with an oversubscription option of 7.66%. Esoteric, a sponsor of IndiGrid, is also a majority unitholder of IndiGrid Investment Managers, holding a 74% stake. The latter is responsible for IndiGrid's operations, including cash flows, acquisitions, and divestments. The share sale is scheduled for August 22 and 23, with Axis Capital, Ambit Capital, and SBICAP Securities appointed as selling brokers.
Reported Earnings • Jul 26First quarter 2025 earnings released: EPS: ₹1.71 (vs ₹1.49 in 1Q 2024)First quarter 2025 results: EPS: ₹1.71 (up from ₹1.49 in 1Q 2024). Revenue: ₹8.73b (up 34% from 1Q 2024). Net income: ₹1.34b (up 29% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is expected to decline by 3.0% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in India are expected to grow by 10%. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.
공시 • Jul 16India Grid Trust to Report Q1, 2025 Results on Jul 24, 2024India Grid Trust announced that they will report Q1, 2025 results on Jul 24, 2024
공시 • Jun 29India Grid Trust, Annual General Meeting, Jul 24, 2024India Grid Trust, Annual General Meeting, Jul 24, 2024, at 11:00 Indian Standard Time.
Declared Dividend • May 27Fourth quarter dividend of ₹3.55 announcedShareholders will receive a dividend of ₹3.55. Ex-date: 30th May 2024 Payment date: 8th June 2024 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 3.7% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 204% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • May 26India Grid Trust Declares Fourth Quarter of Fiscal Year 2024 Distribution, Payable on or Before June 8, 2024IndiGrid Investment Managers Limited announced that Board of Directors of IndiGrid Investment Managers Limited acting in the capacity of Investment Manager to India Grid Trust in its meeting held on May 24, 2024 approved declaration of fourth quarter of fiscal year 2024 distribution of INR 3.55 per unit comprising INR 2.7361 per unit in the form of Interest, INR 0.8139 per unit in the form of Dividend (wherein INR 0.7884 is taxable, and INR 0.0255 is non-taxable). The record date for this distribution will be May 30, 2024, and payment will be made on or before June 8, 2024.
공시 • May 19India Grid Trust to Report Q4, 2024 Results on May 24, 2024India Grid Trust announced that they will report Q4, 2024 results on May 24, 2024
Major Estimate Revision • Jan 31Consensus revenue estimates increase by 18%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₹24.2b to ₹28.5b. EPS estimate fell from ₹6.90 to ₹6.30. Net income forecast to grow 13% next year vs 11% growth forecast for Electric Utilities industry in India. Consensus price target of ₹140 unchanged from last update. Share price was steady at ₹135 over the past week.
Declared Dividend • Jan 27Dividend of ₹3.55 announcedShareholders will receive a dividend of ₹3.55. Ex-date: 31st January 2024 Payment date: 9th February 2024 Dividend yield will be 10%, which is higher than the industry average of 3.0%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 173% to bring the payout ratio under control. EPS is expected to grow by 13% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Jan 26India Grid Trust Approves Distribution of Third Quarter of 2024, Payable on or Before February 09, 2024India Grid Trust approved Third Quarter FY24 distribution of INR 3.55 per unit comprising INR 2.9510 per unit in the form of Interest and INR 0.5621 per unit in the form of Capital repayment and INR 0.0369 in the form of Other Income. The record date for this distribution will be January 31, 2024, and payment will be made on or before February 09, 2024.
공시 • Jan 19India Grid Trust to Report Q3, 2024 Results on Jan 25, 2024India Grid Trust announced that they will report Q3, 2024 results on Jan 25, 2024
공시 • Jan 09India Grid Trust (BSE:540565) agreed to acquire Renew Solar Urja Private Limited from ReNew Energy Global Plc (NasdaqGS:RNW) for $90 million.India Grid Trust (BSE:540565) agreed to acquire Renew Solar Urja Private Limited from ReNew Energy Global Plc (NasdaqGS:RNW) for $90 million on January 8, 2024. The transaction is for a total enterprise value of $199 million. Approximately $8 million is expected to be additionally received as an earn-out on account of change-in-law proceeds, after the first payment is realized by Renew Solar Urja. The transaction is expected to close in accordance with PPA conditions.
New Risk • Dec 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 245% Cash payout ratio: 423% Minor Risk Shareholders have been diluted in the past year (7.5% increase in shares outstanding).
공시 • Dec 06India Grid Trust to Report First Half, 2024 Results on Dec 05, 2023India Grid Trust announced that they will report first half, 2024 results on Dec 05, 2023
Reported Earnings • Nov 14Second quarter 2024 earnings released: EPS: ₹0.51 (vs ₹1.75 in 2Q 2023)Second quarter 2024 results: EPS: ₹0.51 (down from ₹1.75 in 2Q 2023). Revenue: ₹7.20b (up 18% from 2Q 2023). Net income: ₹360.1m (down 71% from 2Q 2023). Profit margin: 5.0% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in India are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공시 • Oct 28India Grid Trust to Report Q2, 2024 Results on Nov 03, 2023India Grid Trust announced that they will report Q2, 2024 results on Nov 03, 2023
New Risk • Jul 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 197% Cash payout ratio: 382% Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future.
Reported Earnings • Jul 30First quarter 2024 earnings released: EPS: ₹1.49 (vs ₹1.16 in 1Q 2023)First quarter 2024 results: EPS: ₹1.49 (up from ₹1.16 in 1Q 2023). Revenue: ₹6.53b (up 14% from 1Q 2023). Net income: ₹1.04b (up 29% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in India are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Jul 29India Grid Trust Declares Dividend for the Fourth Quarter of Fiscal Year 2024, Payable on Before August 12, 2023India Grid Trust at its board meeting held on July 28, 2023 declared distribution of INR 3.45 per unit comprising INR 3.1759 per unit in the form of Interest, INR 0.0611 per unit in the form of Dividend, INR 0.2010 per unit in the form of Principal payment and INR 0.0120 in the form of Other Income for the first quarter of fiscal year 2024. The record date for this distribution will be August 3, 2023, and payment will be made on or before August 12, 2023.
공시 • Jul 24India Grid Trust to Report Q1, 2024 Results on Jul 28, 2023India Grid Trust announced that they will report Q1, 2024 results on Jul 28, 2023
New Risk • Jul 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 205% Cash payout ratio: 382% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 205% Cash payout ratio: 382%
공시 • Jun 30India Grid Trust, Annual General Meeting, Jul 28, 2023India Grid Trust, Annual General Meeting, Jul 28, 2023, at 11:00 Indian Standard Time. Agenda: To consider and adopt audited standalone financial statements and audited consolidated financial statements of indigrid as at and for the financial year ended on march 31, 2023; to consider approve and adopt valuation report issued by mr. pradhan dass, valuer for the valuation of the invit assets as on march 31, 2023; to consider and appoint mr. manish gadia, chartered accountant, bearing ibbi registration number ibbi/rv/06/2019/11646 as the valuer of india grid trust; and to consider other matters.
Reported Earnings • May 14Full year 2023 earnings released: EPS: ₹6.51 (vs ₹5.03 in FY 2022)Full year 2023 results: EPS: ₹6.51 (up from ₹5.03 in FY 2022). Revenue: ₹24.1b (up 6.1% from FY 2022). Net income: ₹4.56b (up 31% from FY 2022). Profit margin: 19% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
공시 • May 13India Grid Trust Approves Distribution for Fourth Quarter of Fiscal Year 2023, Payable on or Before May 27, 2023India Grid Trust approved Declaration of fourth quarter Fiscal Year 23 distribution of INR 3.45 per unit comprising INR 2.5344 per unit in the form of Interest, INR 0.2848 per unit in the form of Dividend (wherein INR 0.0257 is taxable, and INR 0.2591 is non- taxable) and INR 0.5853 per unit in the form of Principal payment and INR 0.0455 per unit in the form of Other Income. The record date for this distribution will be May 18, 2023, and payment will be made on or before May 27, 2023.
공시 • May 06India Grid Trust to Report Fiscal Year 2023 Results on May 12, 2023India Grid Trust announced that they will report fiscal year 2023 results on May 12, 2023
Reported Earnings • Jan 26Third quarter 2023 earnings released: EPS: ₹1.68 (vs ₹1.32 in 3Q 2022)Third quarter 2023 results: EPS: ₹1.68 (up from ₹1.32 in 3Q 2022). Revenue: ₹6.07b (up 4.9% from 3Q 2022). Net income: ₹1.17b (up 27% from 3Q 2022). Profit margin: 19% (up from 16% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
공시 • Jan 26India Grid Trust Approves Distribution for Third Quarter of Fiscal Year 2023, Payable on or Before February 09, 2023India Grid Trust announced that meeting of the Board of Directors held on January 25, 2023, approved the declaration of Third Quarter Fiscal Year 23 distribution of INR 3.30 per unit comprising INR 2.8042 per unit in the form of Interest and INR 0.4958 per unit in the form of Principal payment. The record date for this distribution will be January 31, 2023, and payment will be made on or before February 09, 2023.
공시 • Jan 24India Grid Trust (BSE:540565) entered into an agreement to acquire Khargone Transmission Limited from Sterlite Power Transmission Limited for an enterprise value of INR 14.98 billionIndia Grid Trust (BSE:540565) entered into an agreement to acquire Khargone Transmission Limited from Sterlite Power Transmission Limited for an enterprise value of INR 14.98 billion on January 21, 2023. The consideration will be paid in cash. The completion of acquisition would depend upon receipt of Unitholders’ consent, regulatory and other relevant approvals as well as completion of contractual obligations. Khargone Transmission Limited recorded a turnover of INR 1.35 billion for the year ended March 31, 2022.
공시 • Jan 20India Grid Trust to Report Q3, 2023 Results on Jan 30, 2023India Grid Trust announced that they will report Q3, 2023 results on Jan 30, 2023
공시 • Jan 10India Grid Trust Announces the Resignation of Ms. Divya Bedi Verma as Chief Financial Officer of Indigrid Investment Managers Limited, Effective on or before April 10, 2023India Grid Trust announced the resignation of Ms. Divya Bedi Verma as Chief Financial Officer of Indigrid Investment Managers Limited, effective on or before April 10, 2023. To pursue other interests.
Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director of IndiGrid Investment Managers Limited Jaya Vaidhyanathan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Dec 27India Grid Trust Announces Retirement of Mr. Rahul Asthana, an Independent Director with Effect from December 25, 2022India Grid Trust announced that Mr. Rahul Asthana (DIN- 00234247), an Independent Director of the Company has completed the second term of office on December 25, 2022, thereby completing two terms as an Independent Director. Consequently, Mr. Asthana ceased to be a Director of Investment Manager of India Grid Trust with effect from December 25, 2022.
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: ₹1.75 (vs ₹1.06 in 2Q 2022)Second quarter 2023 results: EPS: ₹1.75 (up from ₹1.06 in 2Q 2022). Revenue: ₹5.96b (up 7.4% from 2Q 2022). Net income: ₹1.22b (up 64% from 2Q 2022). Profit margin: 21% (up from 13% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
공시 • Nov 12India Grid Trust Approves Distribution for Second Quarter of Fiscal Year 2023, Payable on or Before November 25, 2022The board of India Grid Trust Board approved a Distribution Per Unit (DPU) of INR 3.30 for second quarter of fiscal year 2023 to unitholders in line with the distribution guidance of INR 13.20 per unit for fiscal year 2023. The record date for the distribution is November 16, 2022 and shall be paid as INR 3.11 per unit in the form of interest and INR 0.19 per unit as capital repayment. The dividend is payable on or before November 25, 2022.
공시 • Nov 05India Grid Trust to Report Q2, 2023 Results on Nov 10, 2022India Grid Trust announced that they will report Q2, 2023 results on Nov 10, 2022
Board Change • Jul 28Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director of IndiGrid Investment Managers Limited Jaya Vaidhyanathan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Jul 27+ 3 more updatesIndia Grid Trust Approves Distribution for the First Quarter of 2023India Grid Trust Board of the Investment Manager also approved a Distribution Per Unit (DPU) of INR 3.30 for first quarter Fiscal Year 2023 to unitholders. The record date for the distribution is August 01, 2022 and shall be paid as INR 3.06 per unit in the form of interest and INR 0.24 per unit as capital repayment.
공시 • Jul 20India Grid Trust to Report Q1, 2023 Results on Jul 26, 2022India Grid Trust announced that they will report Q1, 2023 results on Jul 26, 2022
Reported Earnings • Jun 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹5.03. Revenue: ₹22.7b (up 33% from FY 2021). Net income: ₹3.48b (up 4.4% from FY 2021). Profit margin: 15% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 5.9%, compared to a 11% growth forecast for the industry in India.
공시 • Jun 29India Grid Trust, Annual General Meeting, Jul 26, 2022India Grid Trust, Annual General Meeting, Jul 26, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt audited standalone financial statements and audited consolidated financial statements of indigrid as at and for the financial year ended on March 31, 2022 together with the report of the auditors thereon for the financial year ended on March 31, 2022 and the report on performance of Indigrid; to consider, approve and adopt valuation report issued by S Sundararaman, independent valuer for the valuation of the special purpose vehicles as on March 31, 2022; to consider and appoint Pradhan Dass, chartered accountant, bearing IBBI registration number IBBI/RV/06/2022/14558 as the valuer of India Grid Trust; and to consider and approve appointment of Jyoti Kumar Agarwal as a chief executive officer and whole-time director of investment manager.
Reported Earnings • May 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: ₹5.03. Revenue: ₹22.6b (up 32% from FY 2021). Net income: ₹3.48b (up 4.4% from FY 2021). Profit margin: 15% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 6.7%, compared to a 10% growth forecast for the industry in India.
공시 • May 21+ 1 more updateIndiGrid Provides Dividend Guidance for the Fiscal Year 2023IndiGrid provided dividend guidance for the fiscal year 2023. For the year, the company provided DPU guidance increased by 3.5% to INR 13.20.
공시 • May 15India Grid Trust to Report Fiscal Year 2022 Results on May 20, 2022India Grid Trust announced that they will report fiscal year 2022 results on May 20, 2022
Price Target Changed • Apr 27Price target increased to ₹148Up from ₹118, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹152. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹7.55 for next year compared to ₹5.72 last year.
공시 • Jan 28+ 1 more updateIndia Grid Trust Announces Board ChangesIndia Grid Trust at the Board Meeting held on January 27, 2022, approved the appointment of Ms. Ami Momaya (DIN: 06836758) as a Non-Executive Director on the Board of IIML as nominated by Electron IM Pte. Ltd., an affiliate of KKR & Co. Inc., and resignation of Mr. Sanjay Nayar (DIN: 00002615) as a Non-Executive Director on the Board of IIML with effect from January 27, 2022.
Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₹1.32 (down from ₹1.62 in 3Q 2021). Revenue: ₹5.81b (up 33% from 3Q 2021). Net income: ₹924.9m (down 2.2% from 3Q 2021). Profit margin: 16% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 8.2%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS ₹1.06 (vs ₹1.47 in 2Q 2021)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹5.55b (up 47% from 2Q 2021). Net income: ₹743.4m (down 13% from 2Q 2021). Profit margin: 13% (down from 23% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 02First quarter 2022 earnings released: EPS ₹1.27 (vs ₹1.47 in 1Q 2021)The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2022 results: Revenue: ₹5.65b (up 54% from 1Q 2021). Net income: ₹852.6m (flat on 1Q 2021). Profit margin: 15% (down from 23% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
공시 • Jul 15India Grid Trust (BSE:540565) completed the acquisition of FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V.India Grid Trust (BSE:540565) signed a securities purchase agreement to acquire FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. for an enterprise value of INR 6.6 billion on December 18, 2020. The deal value is subject to adjustment on account of movement in cash, tariff receivables, other assets, liabilities outstanding as on valuation date and any other adjustments as specified in the definitive agreements. FRV I reported revenues of INR 470 million while FRV 2 reported revenues of INR 500 million in the fiscal year 2019-2020. The transaction is subject to receipt of relevant approvals and completion of contractual obligations as well as to the terms of securities purchase and other definitive agreements and requisite regulatory and other relevant approvals like lenders’ approval. Cyril Amarchand acted as legal advisor and PricewaterhouseCoopers acted as accountant to India Grid Trust in the transaction. Dibyanshu of Khaitan & Co acted as legal advisor and Greenstone Advisor provided advise to FRV Group. Dibyanshu of BDO Advisory LLP acted as legal advisor to FRV Group. India Grid Trust (BSE:540565) completed the acquisition of FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. on July 13, 2021.
Reported Earnings • May 30Full year 2021 earnings released: EPS ₹5.72 (vs ₹9.13 in FY 2020)The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹17.0b (up 34% from FY 2020). Net income: ₹3.34b (down 34% from FY 2020). Profit margin: 20% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
공시 • May 28India Grid Trust Declares Distribution for Fourth Quarter of Fiscal 2021, Payable on or Before June 11, 2021India Grid Trust announced declaration of distribution of INR 3.10 per unit comprising INR 1.51 in the form of Interest, INR 0.52 in the form of Dividend and INR 1.07 in the form of Principal payment for fourth quarter of fiscal 2021. The record date for this distribution will be June 02, 2021 and payment will be made on or before June 11, 2021.
Is New 90 Day High Low • Feb 02New 90-day high: ₹137The company is up 25% from its price of ₹109 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,860 per share.
Price Target Changed • Jan 29Price target raised to ₹130Up from ₹117, the current price target is an average from 2 analysts. The new target price is close to the current share price of ₹135. As of last close, the stock is up 43% over the past year.
Reported Earnings • Jan 23Third quarter 2021 earnings released: EPS ₹1.62The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2021 results: Revenue: ₹4.39b (up 28% from 3Q 2020). Net income: ₹945.8m (down 28% from 3Q 2020). Profit margin: 22% (down from 38% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Jan 23Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Over the next year, revenue is forecast to grow 29%, compared to a 11% growth forecast for the Electric Utilities industry in India.
공시 • Jan 17India Grid Trust to Report Q3, 2021 Results on Jan 22, 2021India Grid Trust announced that they will report Q3, 2021 results on Jan 22, 2021
Is New 90 Day High Low • Jan 15New 90-day high: ₹128The company is up 20% from its price of ₹106 on 16 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,859 per share.
Is New 90 Day High Low • Dec 30New 90-day high: ₹124The company is up 18% from its price of ₹105 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,859 per share.
공시 • Dec 20India Grid Trust (BSE:540565) signed a securities purchase agreement to acquire FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. for an entreprise value of INR 6.6 billion.India Grid Trust (BSE:540565) signed a securities purchase agreement to acquire FRV Andhra Pradesh Solar Farm-I Private Limited and FRV India Solar Park II – Private Limited from Frv Solar Holdings Xi B.V. for an entreprise value of INR 6.6 billion on December 18, 2020. The deal value is subject to adjustment on account of movement in cash, tariff receivables, other assets, liabilities outstanding as on valuation date and any other adjustments as specified in the definitive agreements. FRV I reported revenues of INR 470 million while FRV 2 reported revenues of INR 500 million in the fiscal year 2019-2020. The transaction is subject to receipt of relevant approvals and completion of contractual obligations as well as to the terms of securities purchase and other definitive agreements and requisite regulatory and other relevant approvals like lenders’ approval. Cyril Amarchand acted as legal advisor and PricewaterhouseCoopers acted as accountant to India Grid Trust in the transaction. Khaitan & Co acted as legal advisor and Greenstone Advisor provided advise to FRV Group.
Is New 90 Day High Low • Dec 09New 90-day high: ₹112The company is up 10.0% from its price of ₹102 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,578 per share.