India Grid Trust Future Growth

Future criteria checks 0/6

India Grid Trust is forecast to grow earnings and revenue by 4.1% and 3.7% per annum respectively. EPS is expected to grow by 4.5% per annum. Return on equity is forecast to be 14.6% in 3 years.

Key information

4.1%

Earnings growth rate

4.5%

EPS growth rate

Electric Utilities earnings growth	11.5%
Revenue growth rate	3.7%
Future return on equity	14.6%
Analyst coverage	Low
Last updated	29 Jan 2024

Recent future growth updates

Recent updates

India Grid Trust (NSE:INDIGRID) Is Increasing Its Dividend To ₹3.30

Jan 28

India Grid Trust's (NSE:INDIGRID) Upcoming Dividend Will Be Larger Than Last Year's

Jul 29

India Grid Trust (NSE:INDIGRID) Will Pay A Larger Dividend Than Last Year At ₹3.19

Oct 29

Weak Statutory Earnings May Not Tell The Whole Story For India Grid Trust (NSE:INDIGRID)

Jun 03

Is India Grid Trust (NSE:INDIGRID) A Good Fit For Your Dividend Portfolio?

May 05

How Much Are India Grid Trust (NSE:INDIGRID) Insiders Spending On Buying Shares?

Mar 14

Could The India Grid Trust (NSE:INDIGRID) Ownership Structure Tell Us Something Useful?

Feb 24

Key Things To Consider Before Buying India Grid Trust (NSE:INDIGRID) For Its Dividend

Feb 04

Earnings and Revenue Growth Forecasts

NSEI:INDIGRID - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	30,148	4,283	26,479	N/A	1
3/31/2025	30,111	4,442	26,230	N/A	1
3/31/2024	28,503	4,425	32,176	N/A	1
12/31/2023	27,697	3,647	N/A	N/A	N/A
9/30/2023	25,941	3,926	N/A	N/A	N/A
6/30/2023	24,723	4,788	N/A	N/A	N/A
3/31/2023	23,922	4,556	2,529	20,356	N/A
12/31/2022	23,505	4,169	N/A	N/A	N/A
9/30/2022	23,047	3,920	N/A	N/A	N/A
6/30/2022	22,825	3,441	N/A	N/A	N/A
3/31/2022	22,571	3,484	9,757	20,807	N/A
12/31/2021	22,057	3,201	N/A	N/A	N/A
9/30/2021	20,652	3,222	N/A	N/A	N/A
6/30/2021	19,031	3,333	N/A	N/A	N/A
3/31/2021	17,049	3,337	-38,160	16,796	N/A
12/31/2020	15,310	3,654	N/A	N/A	N/A
9/30/2020	14,556	4,026	N/A	N/A	N/A
6/30/2020	14,217	5,577	N/A	N/A	N/A
3/31/2020	12,720	5,057	-47,907	11,249	N/A
12/31/2019	11,104	4,437	N/A	N/A	N/A
9/30/2019	9,204	3,633	N/A	N/A	N/A
6/30/2019	7,282	1,370	N/A	N/A	N/A
3/31/2019	6,727	1,539	3,548	5,800	N/A
12/31/2018	6,513	1,857	N/A	N/A	N/A
9/30/2018	6,067	2,030	N/A	N/A	N/A
6/30/2018	5,719	2,495	N/A	N/A	N/A
3/31/2018	4,526	2,104	-40,408	4,333	N/A
3/31/2016	3,563	-780	N/A	2,606	N/A
3/31/2015	674	-467	N/A	193	N/A
3/31/2014	275	-396	N/A	-152	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDIGRID's forecast earnings growth (4.1% per year) is below the savings rate (6.7%).

Earnings vs Market: INDIGRID's earnings (4.1% per year) are forecast to grow slower than the Indian market (17.7% per year).

High Growth Earnings: INDIGRID's earnings are forecast to grow, but not significantly.

Revenue vs Market: INDIGRID's revenue (3.7% per year) is forecast to grow slower than the Indian market (10% per year).

High Growth Revenue: INDIGRID's revenue (3.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INDIGRID's Return on Equity is forecast to be low in 3 years time (14.6%).

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India Grid Trust Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased to ₹148

Price target raised to ₹130

Recent updates

Dividend of ₹3.55 announced

India Grid Trust Approves Distribution of Third Quarter of 2024, Payable on or Before February 09, 2024

India Grid Trust to Report Q3, 2024 Results on Jan 25, 2024

India Grid Trust (BSE:540565) agreed to acquire Renew Solar Urja Private Limited from ReNew Energy Global Plc (NasdaqGS:RNW) for $90 million.

New minor risk - Shareholder dilution

India Grid Trust to Report First Half, 2024 Results on Dec 05, 2023

Second quarter 2024 earnings released: EPS: ₹0.51 (vs ₹1.75 in 2Q 2023)

India Grid Trust to Report Q2, 2024 Results on Nov 03, 2023

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: ₹1.49 (vs ₹1.16 in 1Q 2023)

India Grid Trust Declares Dividend for the Fourth Quarter of Fiscal Year 2024, Payable on Before August 12, 2023

India Grid Trust to Report Q1, 2024 Results on Jul 28, 2023

New major risk - Dividend sustainability

India Grid Trust, Annual General Meeting, Jul 28, 2023

Full year 2023 earnings released: EPS: ₹6.51 (vs ₹5.03 in FY 2022)

India Grid Trust Approves Distribution for Fourth Quarter of Fiscal Year 2023, Payable on or Before May 27, 2023

India Grid Trust to Report Fiscal Year 2023 Results on May 12, 2023

India Grid Trust (NSE:INDIGRID) Is Increasing Its Dividend To ₹3.30

Third quarter 2023 earnings released: EPS: ₹1.68 (vs ₹1.32 in 3Q 2022)

India Grid Trust Approves Distribution for Third Quarter of Fiscal Year 2023, Payable on or Before February 09, 2023

India 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

India Grid Trust to Report Q3, 2023 Results on Jan 30, 2023

India Grid Trust to Report Q3, 2023 Results on Jan 25, 2023

India 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, 2023

Less than half of directors are independent

India Grid Trust Announces Retirement of Mr. Rahul Asthana, an Independent Director with Effect from December 25, 2022

India Grid Trust (BSE:540565) signed framework agreement to acquire Rajgarh Transmission Limited from G R Infraprojects Limited (BSE:543317).

Second quarter 2023 earnings released: EPS: ₹1.75 (vs ₹1.06 in 2Q 2022)

India Grid Trust Approves Distribution for Second Quarter of Fiscal Year 2023, Payable on or Before November 25, 2022

India Grid Trust to Report Q2, 2023 Results on Nov 10, 2022

India Grid Trust (BSE:540565) signed share purchase agreement to acquire Raichur Sholapur Transmission Company Limited from Patel Engineering Limited (BSE:531120), BS Limited and Simplex Infrastructures Limited (BSE:523838) for enterprise value of INR 2500 million.

India Grid Trust's (NSE:INDIGRID) Upcoming Dividend Will Be Larger Than Last Year's

Less than half of directors are independent

India Grid Trust Approves Distribution for the First Quarter of 2023

India Grid Trust to Report Q1, 2023 Results on Jul 26, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

India Grid Trust, Annual General Meeting, Jul 26, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

IndiGrid Provides Dividend Guidance for the Fiscal Year 2023

India Grid Trust to Report Fiscal Year 2022 Results on May 20, 2022

Price target increased to ₹148

India Grid Trust Announces Board Changes

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2022 earnings released: EPS ₹1.06 (vs ₹1.47 in 2Q 2021)

India Grid Trust (NSE:INDIGRID) Will Pay A Larger Dividend Than Last Year At ₹3.19

First quarter 2022 earnings released: EPS ₹1.27 (vs ₹1.47 in 1Q 2021)

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.

Weak Statutory Earnings May Not Tell The Whole Story For India Grid Trust (NSE:INDIGRID)

Full year 2021 earnings released: EPS ₹5.72 (vs ₹9.13 in FY 2020)

India Grid Trust Declares Distribution for Fourth Quarter of Fiscal 2021, Payable on or Before June 11, 2021

Is India Grid Trust (NSE:INDIGRID) A Good Fit For Your Dividend Portfolio?

How Much Are India Grid Trust (NSE:INDIGRID) Insiders Spending On Buying Shares?

Could The India Grid Trust (NSE:INDIGRID) Ownership Structure Tell Us Something Useful?

Key Things To Consider Before Buying India Grid Trust (NSE:INDIGRID) For Its Dividend

Price target raised to ₹130

Third quarter 2021 earnings released: EPS ₹1.62

Revenue and earnings beat expectations

New 90-day high: ₹132

Does India Grid Trust (NSE:INDIGRID) Have A Healthy Balance Sheet?

India Grid Trust to Report Q3, 2021 Results on Jan 22, 2021

New 90-day high: ₹124

How Good Is India Grid Trust (NSE:INDIGRID), When It Comes To ROE?

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.

New 90-day high: ₹112

Non-Executive Independent Director recently bought ₹3.8m worth of stock

India Grid Trust (BSE:540565) signed a share purchase agreement to acquire 74% stake in Parbati Koldam Transmission Company Limited from Reliance Infrastructure Limited (BSE:500390) for an enterprise value of INR 9 billion.

What Is The Ownership Structure Like For India Grid Trust (NSE:INDIGRID)?

New 90-day high: ₹110

Second quarter 2021 earnings released: EPS ₹1.46

Revenue and earnings beat expectations

India Grid Trust to Report Q2, 2021 Results on Nov 03, 2020

Update: India Grid Trust (NSE:INDIGRID) Stock Gained 15% In The Last Year

India Grid Trust (BSE:540565) completed the acquisition of 49.7% stake in Jhajjar KT Transco Private Limited from Kalpataru Power Transmission Limited (BSE:522287).