company background image
5405

India Grid TrustBSE:540565 Stock Report

Market Cap

₹77.8b

7D

-1.5%

1Y

26.1%

Updated

27 Sep, 2021

Data

Company Financials +
540565 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends2/6

540565 Overview

India Grid Trust operates as an infrastructure investment trust that owns and operates inter-state power transmission and solar energy assets.

India Grid Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for India Grid Trust
Historical stock prices
Current Share Price₹133.41
52 Week High₹104.00
52 Week Low₹144.00
Beta0.23
1 Month Change-0.31%
3 Month Change1.03%
1 Year Change26.11%
3 Year Change49.48%
5 Year Changen/a
Change since IPO35.51%

Recent News & Updates

Shareholder Returns

540565IN Electric UtilitiesIN Market
7D-1.5%-3.9%2.2%
1Y26.1%130.1%64.4%

Return vs Industry: 540565 underperformed the Indian Electric Utilities industry which returned 134.2% over the past year.

Return vs Market: 540565 underperformed the Indian Market which returned 67.5% over the past year.

Price Volatility

Is 540565's price volatile compared to industry and market?
540565 volatility
540565 Beta0.23
Industry Beta0.87
Market Beta1

Stable Share Price: 540565 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 540565's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aHarsh Shahhttps://www.indigrid.co.in

India Grid Trust operates as an infrastructure investment trust that owns and operates inter-state power transmission and solar energy assets. Its asset portfolio consists of 40 transmission lines with a total circuit length of approximately 7,570 circuit kilometers and 11 substations with 13,550 mega volt ampere capacity in 18 states and 1 union territory in India. The company was founded in 2016 and is based in Mumbai, India.

India Grid Trust Fundamentals Summary

How do India Grid Trust's earnings and revenue compare to its market cap?
540565 fundamental statistics
Market Cap₹77.84b
Earnings (TTM)₹3.33b
Revenue (TTM)₹19.03b

23.4x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
540565 income statement (TTM)
Revenue₹19.03b
Cost of Revenue₹302.99m
Gross Profit₹18.73b
Expenses₹15.39b
Earnings₹3.33b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.71
Gross Margin98.41%
Net Profit Margin17.52%
Debt/Equity Ratio300.6%

How did 540565 perform over the long term?

See historical performance and comparison

Dividends

9.6%

Current Dividend Yield

225%

Payout Ratio

Valuation

Is India Grid Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 540565 (₹133.41) is trading below our estimate of fair value (₹3050.23)

Significantly Below Fair Value: 540565 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 540565 is poor value based on its PE Ratio (23.4x) compared to the Indian Electric Utilities industry average (22.3x).

PE vs Market: 540565 is poor value based on its PE Ratio (23.4x) compared to the Indian market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: 540565 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 540565 is overvalued based on its PB Ratio (1.7x) compared to the IN Electric Utilities industry average (1.4x).


Future Growth

How is India Grid Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

35.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 540565's forecast earnings growth (35% per year) is above the savings rate (6.8%).

Earnings vs Market: 540565's earnings (35% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 540565's revenue (15% per year) is forecast to grow faster than the Indian market (12.6% per year).

High Growth Revenue: 540565's revenue (15% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 540565's Return on Equity is forecast to be high in 3 years time


Past Performance

How has India Grid Trust performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540565 has a large one-off loss of ₹986.8M impacting its June 30 2021 financial results.

Growing Profit Margin: 540565's current net profit margins (17.5%) are lower than last year (39.2%).


Past Earnings Growth Analysis

Earnings Trend: 540565 has become profitable over the past 5 years, growing earnings by 24.1% per year.

Accelerating Growth: 540565's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 540565 had negative earnings growth (-40.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (10%).


Return on Equity

High ROE: 540565's Return on Equity (6.8%) is considered low.


Financial Health

How is India Grid Trust's financial position?


Financial Position Analysis

Short Term Liabilities: 540565's short term assets (₹33.2B) exceed its short term liabilities (₹14.9B).

Long Term Liabilities: 540565's short term assets (₹33.2B) do not cover its long term liabilities (₹137.0B).


Debt to Equity History and Analysis

Debt Level: 540565's debt to equity ratio (300.6%) is considered high.

Reducing Debt: 540565's debt to equity ratio has reduced from 637.2% to 300.6% over the past 5 years.

Debt Coverage: 540565's debt is not well covered by operating cash flow (11.5%).

Interest Coverage: 540565's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

What is India Grid Trust current dividend yield, its reliability and sustainability?

9.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 540565's dividend (9.56%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 540565's dividend (9.56%) is in the top 25% of dividend payers in the Indian market (1.45%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 540565 has been paying a dividend for less than 10 years.

Growing Dividend: 540565's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (225.1%), 540565's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Harsh Shah (38 yo)

no data

Tenure

Mr. Harsh Dinesh Shah is Chief Executive Officer at India Grid Trust and its whole-time Director. He was Chief Financial Officer of India Grid Trust since November 7, 2016. Mr. Shah served as Chief Financi...


Leadership Team

Experienced Management: 540565's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: 540565's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

India Grid Trust's employee growth, exchange listings and data sources


Key Information

  • Name: India Grid Trust
  • Ticker: 540565
  • Exchange: BSE
  • Founded: 2016
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₹77.842b
  • Shares outstanding: 583.48m
  • Website: https://www.indigrid.co.in

Location

  • India Grid Trust
  • Unit No. 101
  • First Floor, Windsor
  • Mumbai
  • Maharashtra
  • 400098
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:47
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.