India Grid Trust operates as an infrastructure investment trust that owns inter-state power transmission assets. More Details
Slightly overvalued with questionable track record.
Share Price & News
How has India Grid Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 540565 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 540565's weekly volatility (3%) has been stable over the past year.
7 Day Return
IN Electric Utilities
1 Year Return
IN Electric Utilities
Return vs Industry: 540565 underperformed the Indian Electric Utilities industry which returned 59.1% over the past year.
Return vs Market: 540565 underperformed the Indian Market which returned 38.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is India Grid Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is India Grid Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 540565 (₹130) is trading below our estimate of fair value (₹350.61)
Significantly Below Fair Value: 540565 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 540565's PE Ratio (20.8x) is in line with the IN Electric Utilities industry average.
PE vs Market: 540565 is poor value based on its PE Ratio (20.8x) compared to the Indian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: 540565 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 540565 is overvalued based on its PB Ratio (1.6x) compared to the IN Electric Utilities industry average (1.2x).
How is India Grid Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 540565's forecast earnings growth (12% per year) is above the savings rate (7%).
Earnings vs Market: 540565's earnings (12% per year) are forecast to grow slower than the Indian market (25.4% per year).
High Growth Earnings: 540565's earnings are forecast to grow, but not significantly.
Revenue vs Market: 540565's revenue (7.4% per year) is forecast to grow slower than the Indian market (14.5% per year).
High Growth Revenue: 540565's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 540565's Return on Equity is forecast to be low in 3 years time (12.5%).
How has India Grid Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540565 has high quality earnings.
Growing Profit Margin: 540565's current net profit margins (23.9%) are lower than last year (40%).
Past Earnings Growth Analysis
Earnings Trend: 540565 has become profitable over the past 5 years, growing earnings by 39.1% 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 (-17.8%) over the past year, making it difficult to compare to the Electric Utilities industry average (6.9%).
Return on Equity
High ROE: 540565's Return on Equity (7.5%) is considered low.
How is India Grid Trust's financial position?
Financial Position Analysis
Short Term Liabilities: 540565's short term assets (₹11.8B) exceed its short term liabilities (₹3.0B).
Long Term Liabilities: 540565's short term assets (₹11.8B) do not cover its long term liabilities (₹80.0B).
Debt to Equity History and Analysis
Debt Level: 540565's debt to equity ratio (162.3%) is considered high.
Reducing Debt: 540565's debt to equity ratio has reduced from 1447.1% to 162.3% over the past 5 years.
Debt Coverage: 540565's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: 540565's interest payments on its debt are not well covered by EBIT (1.7x coverage).
What is India Grid Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 540565's dividend (9.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).
High Dividend: 540565's dividend (9.54%) is in the top 25% of dividend payers in the Indian market (1.76%)
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 (193.2%), 540565's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 540565's dividends in 3 years are not forecast to be well covered by earnings (141% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Harsh Shah (37 yo)
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...
|CEO & Whole-Time Director||no data||no data||no data|
|Deputy Chief Financial Officer||0.33yr||no data||no data|
|Chief Financial Officer||0.50yr||no data||no data|
|Chief Operating Officer||no data||no data||no data|
|Head of M&A and Investor Relations||1.92yrs||no data||no data|
|Company Secretary & Compliance Officer||no data||no data||no data|
|Head of Human Resources||no data||no data||no data|
|Chief Design Officer||no data||no data||no data|
|Senior Vice President – Transmission||no data||no data||no data|
|National Head of Substation||no data||no data||no data|
|Head of IT & Digital||no data||no data||no data|
Experienced Management: 540565's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
|CEO & Whole-Time Director||no data||no data||no data|
|Non-Executive Director||1.75yrs||no data||no data|
|Non-Executive Independent Director||3.25yrs||no data||0.017% |
|Independent Director||no data||no data||no data|
|Independent Director||0.42yr||no data||no data|
|Non-Executive Director||no data||no data||no data|
Experienced Board: 540565's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
India Grid Trust's company bio, employee growth, exchange listings and data sources
- Name: India Grid Trust
- Ticker: 540565
- Exchange: BSE
- Founded: 2010
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₹75.824b
- Shares outstanding: 583.48m
- Website: https://www.indigrid.co.in
- India Grid Trust
- Unit No. 101
- First Floor, Windsor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|INDIGRID||NSEI (National Stock Exchange of India)||Yes||Trust Units||IN||INR||Jun 2017|
|540565||BSE (Mumbai Stock Exchange)||Yes||Trust Units||IN||INR||Jun 2017|
India Grid Trust operates as an infrastructure investment trust that owns inter-state power transmission assets. It owns a total circuit length of approximately 5,800 circuit kilometers and 4 substations w...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/05 12:14|
|End of Day Share Price||2021/03/05 00:00|
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.