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
|Historical stock prices|
|Current Share Price||₹133.41|
|52 Week High||₹104.00|
|52 Week Low||₹144.00|
|1 Month Change||-0.31%|
|3 Month Change||1.03%|
|1 Year Change||26.11%|
|3 Year Change||49.48%|
|5 Year Change||n/a|
|Change since IPO||35.51%|
Recent News & Updates
|540565||IN Electric Utilities||IN Market|
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.
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
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
|540565 fundamental statistics|
Is 540565 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|540565 income statement (TTM)|
|Cost of Revenue||₹302.99m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||5.71|
|Net Profit Margin||17.52%|
How did 540565 perform over the long term?See historical performance and comparison
9.6%Current Dividend Yield
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 (₹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).
How is India Grid Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
How has India Grid Trust performed over the past 5 years?
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.
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).
What is India Grid Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 540565's dividend (9.56%) 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Harsh Shah (38 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...
Experienced Management: 540565's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: 540565's board of directors are not considered experienced ( 2.3 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 employee growth, exchange listings and data sources
- 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
- India Grid Trust
- Unit No. 101
- First Floor, Windsor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:47|
|End of Day Share Price||2021/09/27 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.