In Week of Mar 28, 2026, IndiGrid Infrastructure Trust (Infrastructure Investment Trusts) is outperforming Nifty 500 with +9.5% relative strength. Fundamentals: Average.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 (ended December 31, 2025) earnings • Updated Mar 14, 2026
What: Completion of INR 7,500 cr under-construction assets will grow AUM from INR 32,000 cr to INR 40,000 cr over next 2-3 years
Impact: +₹7200 Cr revenue
“under-construction portfolio across IndiGrid and EnerGrid stands at approximately INR7,500 crores, which offers a predictable pipeline that we see from our current AUM of INR32,000 crores to approximately INR40,000 crores”
What: Successful equity raise reduced net debt to AUM from 61% to 56.5%, lowering interest costs
“post the institutional placement, which happened in quarter 4, our net debt to AUM reduced approximately 56.5%”
What: Acquisition of Gadag Transmission and MP ISTS project adds immediate AUM growth potential
Impact: +₹2534 Cr revenue
“Signed definitive agreements to acquire two new projects: o 187 km transmission line in Karnataka from ReNew Power, to be acquired for an enterprise value of INR 957 crore; and o ~180 ckms and 4,500 MVA capacity ISTS project in Madhya Pradesh, for an enterprise value of INR 1,577 crore”
Earnings deceleration risks from management commentary
Trigger: Continued investment in under-construction portfolio
Management view: Net Distributable Cash Flow (NDCF) for the quarter was ₹3,283 million, reflecting a year-on-year dip of 1.4%, on account of higher working capital investment across the under-construction portfolio
Monitor: NDCF/EBITDA ratio
Trigger: Construction delays or regulatory hurdles
Management view: Not explicitly addressed in transcript
Monitor: Quarterly AUM growth rate
Key quotes from recent conference calls
“under-construction portfolio across IndiGrid and EnerGrid stands at approximately INR7,500 crores, which offers a predictable pipeline that we see from our current AUM of INR32,000 crores to approximately INR40,000 crores — Harsh Shah”
“Our collections in quarter 3 was 90% for transmission and 98% for solar assets. However, the receivable days are substantially lower owing to the more collection that we have received — Harsh Shah”
“We signed SPA to acquire Gadag Transmission Limited from ReNew. It's 187 kilometers — Harsh Shah”
“Declared DPU of ₹4.00 for Q3 FY26, in line with full-year guidance of ₹16.00 per unit — IndiGrid Earnings Release”
Forward-looking targets from management for Next 2-3 years
Capex Plan
₹7500 Cr
Key Milestones
• AUM growth from INR 32,000 cr to INR 40,000 cr
• Completion of INR 7,500 cr under-construction portfolio
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +12% | +14% | Stable |
| PAT (Net Profit) | +72% | +6% | Stable |
| OPM | 88.0% | -200 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 14, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
IndiGrid Infrastructure Trust's latest quarterly results (Dec 2025) show
IndiGrid Infrastructure Trust's profit is growing with an stable trend.
IndiGrid Infrastructure Trust's revenue growth trend is stable.
IndiGrid Infrastructure Trust's operating margin is volatile.
IndiGrid Infrastructure Trust's long-term compounding rates
IndiGrid Infrastructure Trust's earnings growth is stable with mixed signals on a sequential basis.
IndiGrid Infrastructure Trust's trailing twelve month (TTM) performance
IndiGrid Infrastructure Trust appears significantly overvalued based on our fair value analysis.
IndiGrid Infrastructure Trust's current PE ratio is 57.8x.
IndiGrid Infrastructure Trust's current PE is 57.8x.
IndiGrid Infrastructure Trust's price-to-book ratio is 3.1x.
IndiGrid Infrastructure Trust is rated Average with a fundamental score of 43.96/100. This score is calculated from objective financial metrics
IndiGrid Infrastructure Trust has a debt-to-equity ratio of N/A.
IndiGrid Infrastructure Trust's return ratios over recent years
IndiGrid Infrastructure Trust's operating cash flow is positive (FY2025).
IndiGrid Infrastructure Trust's current dividend yield is 9.90%.
IndiGrid Infrastructure Trust has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
IndiGrid Infrastructure Trust is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.
IndiGrid Infrastructure Trust has 3 key growth catalysts identified from recent earnings analysis
IndiGrid Infrastructure Trust has 2 key risks worth monitoring
In Q3 FY26 (ended December 31, 2025), IndiGrid Infrastructure Trust's management highlighted
IndiGrid Infrastructure Trust's management has provided the following forward guidance for Next 2-3 years
Based on quantitative research signals, here is why IndiGrid Infrastructure Trust may be worth studying
IndiGrid Infrastructure Trust investment thesis summary:
IndiGrid Infrastructure Trust's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
