In Week of Mar 28, 2026, National Highways Infra Trust (Infrastructure Investment Trusts) is outperforming Nifty 500 with +14.3% relative strength. Fundamentals: Weak. On a 7-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Round 4 assets integrated April 1, 2025 now contributing 39.5% of total revenue
Impact: +₹436 Cr revenue
“Round 4 asset integration contributing INR 436 crores”
What: MH recording 36% traffic growth and GDK achieving 17% traffic growth
“NSPPL assets, under full operational control since the transition period ended in September 2025, showed strong performance with MH recording 36% traffic growth and GDK achieving 17% traffic growth due to traffic diversions from NH216”
What: Strong financial metrics supporting potential future asset acquisitions
“The trust maintained a robust financial position with total debt of INR 21,840 crores at the end of Q3 FY26, resulting in a debt service coverage ratio of 2.05x”
Earnings deceleration risks from management commentary
Trigger: Monsoon season or winter fog
Management view: Plaza or traffic is always affected by festivals. It is affected by weather. Weather such as fog in winters, rains, monsoon affect a lot of traffic for heavy vehicles.
Monitor: Monthly traffic volume reports
Trigger: Regional economic slowdown
Management view: We will not like to concentrate all of our plazas in one particular state.
Monitor: State-wise revenue contribution
Key quotes from recent conference calls
“Round 4 asset integration contributing INR 436 crores — Management”
“Total revenue from operations reached INR 1,104 crores in Q3 FY26, representing an 88% increase from INR 587 crores in Q3 FY25 — Management”
“The trust's consolidated financial results demonstrate remarkable improvement across all major parameters — Management”
“No specific forward guidance provided in available transcript excerpts — Management”
Forward-looking targets from management
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +77% | +80% | Stable |
| PAT (Net Profit) | +51% | +68% | Inflection Up |
| OPM | 80.0% | -100 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
National Highways Infra Trust's latest quarterly results (Sep 2025) show
National Highways Infra Trust's profit is growing with an turning around (inflection up) trend.
National Highways Infra Trust's revenue growth trend is stable.
National Highways Infra Trust's operating margin is volatile.
National Highways Infra Trust's long-term compounding rates
National Highways Infra Trust's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
National Highways Infra Trust's trailing twelve month (TTM) performance
National Highways Infra Trust appears significantly overvalued based on our fair value analysis.
National Highways Infra Trust's current PE ratio is 71.5x.
National Highways Infra Trust's current PE is 71.5x.
National Highways Infra Trust's price-to-book ratio is 1.4x.
National Highways Infra Trust is rated Weak with a fundamental score of 26/100. This score is calculated from objective financial metrics
National Highways Infra Trust has a debt-to-equity ratio of N/A.
National Highways Infra Trust's return ratios over recent years
National Highways Infra Trust's operating cash flow is positive (FY2025).
National Highways Infra Trust's current dividend yield is 7.98%.
National Highways Infra Trust has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
National Highways Infra Trust is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
National Highways Infra Trust has 3 key growth catalysts identified from recent earnings analysis
National Highways Infra Trust has 2 key risks worth monitoring
In Q3 FY26, National Highways Infra Trust's management highlighted
National Highways Infra Trust's management has provided the following forward guidance
Based on quantitative research signals, here is why National Highways Infra Trust may be worth studying
National Highways Infra Trust investment thesis summary:
National Highways Infra 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.
