20-quarter listed-company comparison

Infrastructure Investment Trusts Stocks in India

Infrastructure Investment Trusts: Altius Telecom Infrastructure Trust owns the largest revenue base; National Highways Infra Trust has the fastest current growth.

01 · the index people search for

Nifty Infrastructure Investment Trusts Index — Constituents & Performance

The Infrastructure Investment Trusts companies below are the listed Indian Infrastructure Investment Trusts universe this page tracks — the same constituent set people search for as the Nifty Infrastructure Investment Trusts index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Infrastructure Investment Trusts moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 17% ahead of NIFTY 500. Earnings across its companies fell 15% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 4 weeks running.

TURNING · ahead 4w⚠Price up, without the fundamentals confirming2 of 9 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑4w · 8/9 >200d (+1) · 2/9 lead (+1) · EPS 3/9↑

Infrastructure Investment Trusts, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Infrastructure Investment Trusts outperforming NIFTY 500?

Infrastructure Investment Trusts has outperformed NIFTY 500 by 9.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 2.7%. 7 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. National Highways Infra Trust is the strongest against the sector itself at +5.3%.

+2.7%Sector vs NIFTY 500 · 13 weeks

+9.9%Sector vs NIFTY 500 · 52 weeks

7/8Stocks leading NIFTY 500

1/5Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Infrastructure Investment Trusts has outperformed NIFTY 500 by 9.9% over 52 weeks and 2.7% over 13 weeks. 7 of 8 covered companies beat NIFTY on Mansfield relative strength, while 1 of 5 beat the sector itself. Altius Telecom Infrastructure Trust leads with income of ₹24,165 crore, based on 9 of 9 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

₹1.6 L Cr

Altius Telecom Infrastructure Trust

Revenue growing

7/9

positive TTM year-on-year growth

Beating NIFTY 500

7/8

positive Mansfield relative strength

Comparing 5 of 9

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

National Highways Infra Trust has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.3% evidence confidence.

Powergrid Infrastructure Investment Trust looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Powergrid Infrastructure Investment Trust has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1National Highways Infra TrustNHIT	58.2/100Thin evidence · provisional58% evidence	TURNING	25.4/35 Income 80.8% · PAT 100% 45% evidence	10.8/25 ROA — · ROE 3% · GNPA — 34% evidence	5.0/20 P/BV 1.39× · P/BV÷ROE 0.46 100% evidence	17.0/20 RS sector 5.3% · RS bench 9.9% · 1Y 28.1%4 of 12 weeks ahead 70% evidence
Exact sum: 25.4 + 10.8 + 5 + 17 = 58.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2IndiGrid Infrastructure TrustINDIGRID	49.4/100Mixed-negative evidence73% evidence	BREAKING OUT	19.4/35 Income 43.8% · PAT -2.9% 45% evidence	16.9/25 ROA 4.6% · ROE 7.2% · GNPA — 68% evidence	3.6/20 P/BV 2.81× · P/BV÷ROE 0.39 100% evidence	9.5/20 RS sector -0.7% · RS bench 4% · 1Y 13.5%2 of 12 weeks ahead 100% evidence
Exact sum: 19.4 + 16.9 + 3.6 + 9.5 = 49.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3Powergrid Infrastructure Investment TrustPGINVIT	44.9/100Mixed-negative evidence86% evidence	TURNING	4.8/35 Income -0.6% · PAT -22% 81% evidence	9.6/25 ROA -2.2% · ROE 11.9% · GNPA — 68% evidence	16.5/20 P/BV 1.2× · P/BV÷ROE 0.1 100% evidence	14.0/20 RS sector -0.1% · RS bench 4.7% · 1Y 6.5%2 of 12 weeks ahead 100% evidence
Exact sum: 4.8 + 9.6 + 16.5 + 14 = 44.9 · Decision use: Price leads the evidence: RS versus the benchmark is 4.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Shrem InvITSHREMINVIT	44.6/100Thin evidence · provisional58% evidence	BASING	9.6/35 Income -14.5% · PAT -23.5% 45% evidence	15.5/25 ROA — · ROE 13.3% · GNPA — 34% evidence	16.1/20 P/BV 1.03× · P/BV÷ROE 0.08 100% evidence	3.4/20 RS sector -7.6% · RS bench -3% · 1Y -8.2%0 of 11 weeks ahead 70% evidence
Exact sum: 9.6 + 15.5 + 16.1 + 3.4 = 44.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5IRB InvIT FundIRBINVIT	43.1/100Mixed-negative evidence67% evidence	TURNING	18.4/35 Income 56.3% · PAT -13.8% 52% evidence	11.9/25 ROA — · ROE 5.1% · GNPA — 34% evidence	5.7/20 P/BV 0.98× · P/BV÷ROE 0.19 100% evidence	7.1/20 RS sector -4.3% · RS bench 0.4% · 1Y 4.2%0 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 11.9 + 5.7 + 7.1 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Altius Telecom Infrastructure Trust543225	52.7/100Thin evidence · provisional49% evidence	BREAKING OUT	21.8/35 Income 24.2% · PAT 31.8% 45% evidence	13.4/25 ROA — · ROE 8.1% · GNPA — 34% evidence	6.4/20 P/BV 4.55× · P/BV÷ROE 0.56 100% evidence	11.1/20 RS sector — · RS bench 7.4% · 1Y 14.1%4 of 10 weeks ahead 25% evidence
Exact sum: 21.8 + 13.4 + 6.4 + 11.1 = 52.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7NDR INVIT TrustNDRINVIT	42.5/100Thin evidence · provisional43% evidence	TURNING	16.3/35 Income 29.7% · PAT -17% 45% evidence	10.3/25 ROA — · ROE 2.5% · GNPA — 34% evidence	4.3/20 P/BV 1.46× · P/BV÷ROE 0.59 70% evidence	11.6/20 RS sector — · RS bench 8.4% · 1Y 24.2%3 of 11 weeks ahead 25% evidence
Exact sum: 16.3 + 10.3 + 4.3 + 11.6 = 42.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Cube Highways TrustCUBEINVIT	42.4/100Thin evidence · provisional34% evidence	FADING	18.7/35 Income 28.1% · PAT 100% 19% evidence	8.2/25 ROA — · ROE 1.4% · GNPA — 34% evidence	3.5/20 P/BV 2.16× · P/BV÷ROE 1.56 70% evidence	12.0/20 RS sector — · RS bench 9% · 1Y 20.7%4 of 11 weeks ahead 25% evidence
Exact sum: 18.7 + 8.2 + 3.5 + 12 = 42.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Sustainable Energy Infra TrustSEITINVIT	41.6/100Thin evidence · provisional38% evidence		14.2/35 Income 1% · PAT -3.6% 45% evidence	10.6/25 ROA — · ROE 4% · GNPA — 34% evidence	6.8/20 P/BV 1.41× · P/BV÷ROE 0.35 70% evidence	10.0/20 RS sector — · RS bench — · 1Y 8.5%0 of 2 weeks ahead 0% evidence
Exact sum: 14.2 + 10.6 + 6.8 + 10 = 41.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

National Highways Infra Trust has the strongest one-year price move in Infrastructure Investment Trusts at +28.1%. It also leads on Mansfield relative strength against NIFTY at +9.9%. 7 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Income Scale & Growth Durability

Altius Telecom Infrastructure Trust has the highest Income among the 9 Infrastructure Investment Trusts companies compared here, at ₹24,165 crore. IndiGrid Infrastructure Trust is next at ₹4,769 crore. National Highways Infra Trust has the highest Income growth at 80.8%, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Altius Telecom Infrastructure Trust is the scale leader at ₹24,165 crore, 406.7% ahead of IndiGrid Infrastructure Trust. National Highways Infra Trust's growth is 80.8% from a ₹4,274 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAltius Telecom Infrastructure Trust · ₹24,165 crore

Gap406.7% versus #2 · IndiGrid Infrastructure Trust

Persistence8/8 recent comparable periods

Coverage9/9 companies · 123 observations

Investor read: Altius Telecom Infrastructure Trust is the scale benchmark; National Highways Infra Trust is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Altius Telecom Infrastructure Trust's growth falls below National Highways Infra Trust's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

Incomelargest

1Altius Telecom Infrastructure Trust 543225₹24.2K Cr

2IndiGrid Infrastructure Trust INDIGRID₹4.8K Cr

3National Highways Infra Trust NHIT₹4.3K Cr

4Cube Highways Trust CUBEINVIT₹4.2K Cr

5Shrem InvIT SHREMINVIT₹2.1K Cr

Income growthfastest growers

1National Highways Infra Trust NHIT81%

2IRB InvIT Fund IRBINVIT56%

3IndiGrid Infrastructure Trust INDIGRID44%

4NDR INVIT Trust NDRINVIT30%

5Cube Highways Trust CUBEINVIT28%

Income · company comparison

9/9 level · 9/9 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Income	Income growth	Reported
Altius Telecom Infrastructure Trust 543225	₹6.0K Cr	1.4%	Mar 2026
IndiGrid Infrastructure Trust INDIGRID	₹2.2K Cr	156%	Mar 2026
Cube Highways Trust CUBEINVIT	₹1.2K Cr	37%	Mar 2026
National Highways Infra Trust NHIT	₹1.1K Cr	77%	Mar 2026
Shrem InvIT SHREMINVIT	₹524 Cr	-38%	Mar 2026
IRB InvIT Fund IRBINVIT	₹492 Cr	69%	Jun 2026
Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified	₹311 Cr	-0.6%	Jun 2026
Sustainable Energy Infra Trust SEITINVIT	₹194 Cr	1.6%	Mar 2026
NDR INVIT Trust NDRINVIT	₹109 Cr	15%	Mar 2026

Full 20-quarter history · every available company

Income · reported quarter history

Altius Telecom Infrastructure Trust · 543225

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹2.7K Cr

Mar 2023₹2.7K Cr

Jun 2023₹2.8K Cr

Sep 2023₹3.2K Cr

Dec 2023₹3.4K Cr

Mar 2024₹3.5K Cr

Jun 2024₹3.5K Cr

Sep 2024₹4.0K Cr

Dec 2024₹6.0K Cr

Mar 2025₹5.9K Cr

Jun 2025₹6.0K Cr

Sep 2025₹6.1K Cr

Dec 2025₹6.0K Cr

Mar 2026₹6.0K Cr

Jun 2026—

Cube Highways Trust · CUBEINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹0 Cr

Mar 2023—

Jun 2023₹781 Cr

Sep 2023₹729 Cr

Dec 2023₹753 Cr

Mar 2024₹798 Cr

Jun 2024₹792 Cr

Sep 2024₹820 Cr

Dec 2024₹850 Cr

Mar 2025₹846 Cr

Jun 2025₹944 Cr

Sep 2025₹1.1K Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.2K Cr

Jun 2026—

IndiGrid Infrastructure Trust · INDIGRID

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹607 Cr

Mar 2023₹618 Cr

Jun 2023₹653 Cr

Sep 2023₹716 Cr

Dec 2023₹783 Cr

Mar 2024₹812 Cr

Jun 2024₹835 Cr

Sep 2024₹836 Cr

Dec 2024₹772 Cr

Mar 2025₹874 Cr

Jun 2025₹840 Cr

Sep 2025₹827 Cr

Dec 2025₹862 Cr

Mar 2026₹2.2K Cr

Jun 2026—

IRB InvIT Fund · IRBINVIT

Sep 2021—

Dec 2021₹348 Cr

Mar 2022—

Jun 2022₹716 Cr

Sep 2022—

Dec 2022₹279 Cr

Mar 2023—

Jun 2023₹268 Cr

Sep 2023—

Dec 2023₹268 Cr

Mar 2024—

Jun 2024₹274 Cr

Sep 2024₹270 Cr

Dec 2024₹275 Cr

Mar 2025₹282 Cr

Jun 2025₹291 Cr

Sep 2025₹277 Cr

Dec 2025₹450 Cr

Mar 2026₹528 Cr

Jun 2026₹492 Cr

National Highways Infra Trust · NHIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹138 Cr

Dec 2022₹194 Cr

Mar 2023₹218 Cr

Jun 2023₹236 Cr

Sep 2023₹236 Cr

Dec 2023₹232 Cr

Mar 2024₹241 Cr

Jun 2024₹564 Cr

Sep 2024₹567 Cr

Dec 2024₹586 Cr

Mar 2025₹647 Cr

Jun 2025₹1.0K Cr

Sep 2025₹1.0K Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.1K Cr

Jun 2026—

NDR INVIT Trust · NDRINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹43 Cr

Jun 2024₹75 Cr

Sep 2024₹75 Cr

Dec 2024₹79 Cr

Mar 2025₹95 Cr

Jun 2025₹102 Cr

Sep 2025₹104 Cr

Dec 2025₹106 Cr

Mar 2026₹109 Cr

Jun 2026—

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021₹335 Cr

Dec 2021₹335 Cr

Mar 2022₹380 Cr

Jun 2022₹320 Cr

Sep 2022₹324 Cr

Dec 2022₹324 Cr

Mar 2023₹317 Cr

Jun 2023₹314 Cr

Sep 2023₹318 Cr

Dec 2023₹319 Cr

Mar 2024₹314 Cr

Jun 2024₹316 Cr

Sep 2024₹320 Cr

Dec 2024₹320 Cr

Mar 2025₹311 Cr

Jun 2025₹313 Cr

Sep 2025₹317 Cr

Dec 2025₹317 Cr

Mar 2026₹311 Cr

Jun 2026₹311 Cr

Shrem InvIT · SHREMINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹419 Cr

Mar 2023₹398 Cr

Jun 2023₹467 Cr

Sep 2023₹443 Cr

Dec 2023₹531 Cr

Mar 2024₹512 Cr

Jun 2024₹546 Cr

Sep 2024₹489 Cr

Dec 2024₹574 Cr

Mar 2025₹848 Cr

Jun 2025₹536 Cr

Sep 2025₹570 Cr

Dec 2025₹471 Cr

Mar 2026₹524 Cr

Jun 2026—

Sustainable Energy Infra Trust · SEITINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹0 Cr

Mar 2024₹0 Cr

Jun 2024₹206 Cr

Sep 2024₹160 Cr

Dec 2024₹165 Cr

Mar 2025₹191 Cr

Jun 2025₹201 Cr

Sep 2025₹162 Cr

Dec 2025₹172 Cr

Mar 2026₹194 Cr

Jun 2026—

Income growth · reported quarter history

Altius Telecom Infrastructure Trust · 543225

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202325%

Mar 202428%

Jun 202424%

Sep 202425%

Dec 202476%

Mar 202571%

Jun 202573%

Sep 202551%

Dec 20250.3%

Mar 20261.4%

Jun 2026—

Cube Highways Trust · CUBEINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20241.4%

Sep 202412%

Dec 202413%

Mar 20256.0%

Jun 202519%

Sep 202528%

Dec 202527%

Mar 202637%

Jun 2026—

IndiGrid Infrastructure Trust · INDIGRID

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202329%

Mar 202431%

Jun 202428%

Sep 202417%

Dec 2024-1.4%

Mar 20257.6%

Jun 20250.6%

Sep 2025-1.1%

Dec 202512%

Mar 2026156%

Jun 2026—

IRB InvIT Fund · IRBINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022113%

Sep 2022—

Dec 2022-20%

Mar 2023—

Jun 2023-63%

Sep 2023—

Dec 2023-3.9%

Mar 2024—

Jun 20242.2%

Sep 2024—

Dec 20242.6%

Mar 2025—

Jun 20256.2%

Sep 20252.6%

Dec 202564%

Mar 202687%

Jun 202669%

National Highways Infra Trust · NHIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202371%

Dec 202320%

Mar 202411%

Jun 2024139%

Sep 2024140%

Dec 2024153%

Mar 2025168%

Jun 202581%

Sep 202577%

Dec 202588%

Mar 202677%

Jun 2026—

NDR INVIT Trust · NDRINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025121%

Jun 202535%

Sep 202538%

Dec 202534%

Mar 202615%

Jun 2026—

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021-0.6%

Dec 20210.3%

Mar 2022—

Jun 202280%

Sep 2022-3.3%

Dec 2022-3.3%

Mar 2023-17%

Jun 2023-1.9%

Sep 2023-1.9%

Dec 2023-1.5%

Mar 2024-1.0%

Jun 20240.6%

Sep 20240.6%

Dec 20240.3%

Mar 2025-1.0%

Jun 2025-1.0%

Sep 2025-0.9%

Dec 2025-0.9%

Mar 20260.0%

Jun 2026-0.6%

Shrem InvIT · SHREMINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202327%

Mar 202429%

Jun 202417%

Sep 202410%

Dec 20248.1%

Mar 202566%

Jun 2025-1.8%

Sep 202517%

Dec 2025-18%

Mar 2026-38%

Jun 2026—

Sustainable Energy Infra Trust · SEITINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-2.4%

Sep 20251.3%

Dec 20254.2%

Mar 20261.6%

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

Altius Telecom Infrastructure Trust has the highest Net profit among the 9 Infrastructure Investment Trusts companies compared here, at ₹1,107 crore. Powergrid Infrastructure Investment Trust is next at ₹906 crore. National Highways Infra Trust has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Altius Telecom Infrastructure Trust leads with ₹1,107 crore of TTM profit, 22.2% above Powergrid Infrastructure Investment Trust. National Highways Infra Trust shows ≥100% on the scoring scale (110.8% uncapped) growth from a ₹685 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAltius Telecom Infrastructure Trust · ₹1,107 crore

Gap22.2% versus #2 · Powergrid Infrastructure Investment Trust

Persistence4/8 recent comparable periods

Coverage9/9 companies · 123 observations

Investor read: Altius Telecom Infrastructure Trust sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profitlargest

1Altius Telecom Infrastructure Trust 543225₹1.1K Cr

2Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified₹906 Cr

3Shrem InvIT SHREMINVIT₹855 Cr

4National Highways Infra Trust NHIT₹685 Cr

5IndiGrid Infrastructure Trust INDIGRID₹399 Cr

Profit growthfastest growers

1National Highways Infra Trust NHIT100%

2Altius Telecom Infrastructure Trust 54322532%

3IndiGrid Infrastructure Trust INDIGRID-2.9%

4Sustainable Energy Infra Trust SEITINVIT-3.6%

5IRB InvIT Fund IRBINVIT-14%

Net profit · company comparison

9/9 level · 8/9 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Altius Telecom Infrastructure Trust 543225	₹310 Cr	86%	Mar 2026
Shrem InvIT SHREMINVIT	₹282 Cr	-2.4%	Mar 2026
National Highways Infra Trust NHIT	₹205 Cr	45%	Mar 2026
IndiGrid Infrastructure Trust INDIGRID	₹185 Cr	58%	Mar 2026
Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified	₹185 Cr	-3.1%	Jun 2026
Cube Highways Trust CUBEINVIT	₹135 Cr	-21%	Mar 2026
IRB InvIT Fund IRBINVIT	₹79 Cr	-21%	Jun 2026
Sustainable Energy Infra Trust SEITINVIT	₹52 Cr	24%	Mar 2026
NDR INVIT Trust NDRINVIT	₹6 Cr	-83%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Altius Telecom Infrastructure Trust · 543225

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹257 Cr

Mar 2023₹322 Cr

Jun 2023₹344 Cr

Sep 2023₹188 Cr

Dec 2023₹346 Cr

Mar 2024₹241 Cr

Jun 2024₹243 Cr

Sep 2024₹210 Cr

Dec 2024₹220 Cr

Mar 2025₹167 Cr

Jun 2025₹227 Cr

Sep 2025₹280 Cr

Dec 2025₹290 Cr

Mar 2026₹310 Cr

Jun 2026—

Cube Highways Trust · CUBEINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹-7 Cr

Mar 2023—

Jun 2023₹-20 Cr

Sep 2023₹-793 Cr

Dec 2023₹-14 Cr

Mar 2024₹122 Cr

Jun 2024₹4 Cr

Sep 2024₹-30 Cr

Dec 2024₹52 Cr

Mar 2025₹-62 Cr

Jun 2025₹0 Cr

Sep 2025₹40 Cr

Dec 2025₹41 Cr

Mar 2026₹135 Cr

Jun 2026—

IndiGrid Infrastructure Trust · INDIGRID

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹120 Cr

Mar 2023₹137 Cr

Jun 2023₹107 Cr

Sep 2023₹39 Cr

Dec 2023₹92 Cr

Mar 2024₹58 Cr

Jun 2024₹137 Cr

Sep 2024₹99 Cr

Dec 2024₹58 Cr

Mar 2025₹117 Cr

Jun 2025₹75 Cr

Sep 2025₹39 Cr

Dec 2025₹100 Cr

Mar 2026₹185 Cr

Jun 2026—

IRB InvIT Fund · IRBINVIT

Sep 2021—

Dec 2021₹17 Cr

Mar 2022—

Jun 2022₹103 Cr

Sep 2022—

Dec 2022₹100 Cr

Mar 2023—

Jun 2023₹101 Cr

Sep 2023—

Dec 2023₹81 Cr

Mar 2024—

Jun 2024₹86 Cr

Sep 2024₹85 Cr

Dec 2024₹91 Cr

Mar 2025₹94 Cr

Jun 2025₹100 Cr

Sep 2025₹83 Cr

Dec 2025₹60 Cr

Mar 2026₹97 Cr

Jun 2026₹79 Cr

National Highways Infra Trust · NHIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹61 Cr

Dec 2022₹70 Cr

Mar 2023₹63 Cr

Jun 2023₹83 Cr

Sep 2023₹74 Cr

Dec 2023₹72 Cr

Mar 2024₹66 Cr

Jun 2024₹64 Cr

Sep 2024₹74 Cr

Dec 2024₹46 Cr

Mar 2025₹141 Cr

Jun 2025₹121 Cr

Sep 2025₹112 Cr

Dec 2025₹247 Cr

Mar 2026₹205 Cr

Jun 2026—

NDR INVIT Trust · NDRINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹18 Cr

Jun 2024₹39 Cr

Sep 2024₹27 Cr

Dec 2024₹37 Cr

Mar 2025₹33 Cr

Jun 2025₹38 Cr

Sep 2025₹37 Cr

Dec 2025₹33 Cr

Mar 2026₹6 Cr

Jun 2026—

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021₹-42 Cr

Dec 2021₹219 Cr

Mar 2022₹219 Cr

Jun 2022₹208 Cr

Sep 2022₹-690 Cr

Dec 2022₹217 Cr

Mar 2023₹43 Cr

Jun 2023₹191 Cr

Sep 2023₹316 Cr

Dec 2023₹207 Cr

Mar 2024₹269 Cr

Jun 2024₹201 Cr

Sep 2024₹80 Cr

Dec 2024₹204 Cr

Mar 2025₹687 Cr

Jun 2025₹191 Cr

Sep 2025₹279 Cr

Dec 2025₹198 Cr

Mar 2026₹244 Cr

Jun 2026₹185 Cr

Shrem InvIT · SHREMINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹202 Cr

Mar 2023₹76 Cr

Jun 2023₹234 Cr

Sep 2023₹256 Cr

Dec 2023₹291 Cr

Mar 2024₹270 Cr

Jun 2024₹316 Cr

Sep 2024₹276 Cr

Dec 2024₹237 Cr

Mar 2025₹289 Cr

Jun 2025₹235 Cr

Sep 2025₹206 Cr

Dec 2025₹132 Cr

Mar 2026₹282 Cr

Jun 2026—

Sustainable Energy Infra Trust · SEITINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹-6 Cr

Mar 2024₹70 Cr

Jun 2024₹52 Cr

Sep 2024₹16 Cr

Dec 2024₹29 Cr

Mar 2025₹42 Cr

Jun 2025₹51 Cr

Sep 2025₹9 Cr

Dec 2025₹22 Cr

Mar 2026₹52 Cr

Jun 2026—

Profit growth · reported quarter history

Altius Telecom Infrastructure Trust · 543225

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202335%

Mar 2024-25%

Jun 2024-29%

Sep 202412%

Dec 2024-36%

Mar 2025-31%

Jun 2025-6.6%

Sep 202533%

Dec 202532%

Mar 202686%

Jun 2026—

Cube Highways Trust · CUBEINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025-151%

Jun 2025-100%

Sep 2025—

Dec 2025-21%

Mar 2026—

Jun 2026—

IndiGrid Infrastructure Trust · INDIGRID

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-23%

Mar 2024-58%

Jun 202428%

Sep 2024154%

Dec 2024-37%

Mar 2025102%

Jun 2025-45%

Sep 2025-61%

Dec 202572%

Mar 202658%

Jun 2026—

IRB InvIT Fund · IRBINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-4.6%

Sep 2022—

Dec 2022488%

Mar 2023—

Jun 2023-1.9%

Sep 2023—

Dec 2023-19%

Mar 2024—

Jun 2024-15%

Sep 2024—

Dec 202412%

Mar 2025—

Jun 202516%

Sep 2025-2.4%

Dec 2025-34%

Mar 20263.2%

Jun 2026-21%

National Highways Infra Trust · NHIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202321%

Dec 20232.9%

Mar 20244.8%

Jun 2024-23%

Sep 20240.0%

Dec 2024-36%

Mar 2025114%

Jun 202589%

Sep 202551%

Dec 2025437%

Mar 202645%

Jun 2026—

NDR INVIT Trust · NDRINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202580%

Jun 2025-3.7%

Sep 202536%

Dec 2025-11%

Mar 2026-83%

Jun 2026—

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021-140%

Dec 202171%

Mar 2022—

Jun 202289%

Sep 2022—

Dec 2022-0.9%

Mar 2023-80%

Jun 2023-8.2%

Sep 2023—

Dec 2023-4.6%

Mar 2024526%

Jun 20245.2%

Sep 2024-75%

Dec 2024-1.5%

Mar 2025155%

Jun 2025-5.0%

Sep 2025249%

Dec 2025-2.9%

Mar 2026-64%

Jun 2026-3.1%

Shrem InvIT · SHREMINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202344%

Mar 2024255%

Jun 202435%

Sep 20247.8%

Dec 2024-19%

Mar 20257.0%

Jun 2025-26%

Sep 2025-25%

Dec 2025-44%

Mar 2026-2.4%

Jun 2026—

Sustainable Energy Infra Trust · SEITINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025-40%

Jun 2025-1.9%

Sep 2025-44%

Dec 2025-24%

Mar 202624%

Jun 2026—

08 · compare level, then change

Funding Base & Its Composition

No company in this Infrastructure Investment Trusts comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Altius Telecom Infrastructure Trust is highest at ₹52,667 crore, across 9 of 9 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/9 companies · 0 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

Depositslargest deposit bases

—Not enough comparable data—

Borrowingslargest borrowings

1Altius Telecom Infrastructure Trust 543225₹52.7K Cr

2National Highways Infra Trust NHIT₹25.0K Cr

3IndiGrid Infrastructure Trust INDIGRID₹21.4K Cr

4Cube Highways Trust CUBEINVIT₹17.7K Cr

5IRB InvIT Fund IRBINVIT₹9.4K Cr

Funding base · company comparison

0/9 level · 9/9 change

All-company data · latest reported quarter

Company	Deposits	Borrowings	Reported
Altius Telecom Infrastructure Trust 543225	—	₹52.7K Cr	Mar 2026
National Highways Infra Trust NHIT	—	₹25.0K Cr	Mar 2026
Cube Highways Trust CUBEINVIT	—	₹17.7K Cr	Mar 2026
IndiGrid Infrastructure Trust INDIGRID	—	₹21.4K Cr	Mar 2026
Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified	—	₹1.1K Cr	Jun 2026
NDR INVIT Trust NDRINVIT	—	₹2.2K Cr	Mar 2026
Shrem InvIT SHREMINVIT	—	₹7.6K Cr	Mar 2026
IRB InvIT Fund IRBINVIT	—	₹9.4K Cr	Jun 2026
Sustainable Energy Infra Trust SEITINVIT	—	₹3.3K Cr	Mar 2026

Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Altius Telecom Infrastructure Trust · 543225

Sep 2021—

Dec 2021—

Mar 2022₹22.0K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹29.6K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹31.4K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹50.7K Cr

Jun 2025—

Sep 2025₹51.5K Cr

Dec 2025—

Mar 2026₹52.7K Cr

Jun 2026—

Cube Highways Trust · CUBEINVIT

Sep 2021—

Dec 2021—

Mar 2022₹0 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹0 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹10.7K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹15.1K Cr

Jun 2025—

Sep 2025₹17.9K Cr

Dec 2025—

Mar 2026₹17.7K Cr

Jun 2026—

IndiGrid Infrastructure Trust · INDIGRID

Sep 2021—

Dec 2021—

Mar 2022₹13.3K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹14.5K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹19.3K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹20.1K Cr

Jun 2025—

Sep 2025₹22.0K Cr

Dec 2025—

Mar 2026₹21.4K Cr

Jun 2026—

IRB InvIT Fund · IRBINVIT

Sep 2021—

Dec 2021—

Mar 2022₹1.9K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹3.0K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹3.0K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹3.2K Cr

Jun 2025—

Sep 2025₹6.6K Cr

Dec 2025—

Mar 2026₹9.4K Cr

Jun 2026—

National Highways Infra Trust · NHIT

Sep 2021—

Dec 2021—

Mar 2022₹1.5K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹2.9K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹11.7K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹21.7K Cr

Jun 2025—

Sep 2025₹21.7K Cr

Dec 2025—

Mar 2026₹25.0K Cr

Jun 2026—

NDR INVIT Trust · NDRINVIT

Sep 2021—

Dec 2021—

Mar 2022₹1.1K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹1.4K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹448 Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹1.5K Cr

Jun 2025—

Sep 2025₹1.5K Cr

Dec 2025—

Mar 2026₹2.2K Cr

Jun 2026—

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021₹81 Cr

Dec 2021—

Mar 2022₹575 Cr

Jun 2022₹575 Cr

Sep 2022—

Dec 2022—

Mar 2023₹572 Cr

Jun 2023₹572 Cr

Sep 2023—

Dec 2023—

Mar 2024₹569 Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹1.1K Cr

Jun 2025—

Sep 2025₹1.1K Cr

Dec 2025—

Mar 2026₹1.1K Cr

Jun 2026—

Shrem InvIT · SHREMINVIT

Sep 2021—

Dec 2021—

Mar 2022₹3.2K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹6.1K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹7.4K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹8.4K Cr

Jun 2025—

Sep 2025₹8.1K Cr

Dec 2025—

Mar 2026₹7.6K Cr

Jun 2026—

Sustainable Energy Infra Trust · SEITINVIT

Sep 2021—

Dec 2021—

Mar 2022₹4.2K Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹4.6K Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹3.4K Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹3.3K Cr

Jun 2025—

Sep 2025₹3.3K Cr

Dec 2025—

Mar 2026₹3.3K Cr

Jun 2026—

09 · compare level, then change

Return On Assets

IndiGrid Infrastructure Trust has the highest ROA among the 9 Infrastructure Investment Trusts companies compared here, at 4.6%. Powergrid Infrastructure Investment Trust is next at -2.2%. Powergrid Infrastructure Investment Trust has the highest ROA change at -6.5 percentage points, so level and change sit with different companies. 2 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: IndiGrid Infrastructure Trust leads roa at 4.6%; Powergrid Infrastructure Investment Trust leads roa change at -6.5 percentage points.

LeaderIndiGrid Infrastructure Trust · 4.6%

Gap309.5% versus #2 · Powergrid Infrastructure Investment Trust

PersistenceNot enough history

Coverage2/9 companies · 2 observations

Investor read: IndiGrid Infrastructure Trust sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

ROAhighest

1IndiGrid Infrastructure Trust INDIGRID4.6%

2Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified-2.2%

ROA changefastest improvers

1Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified−6.5 pp

Return on assets · company comparison

2/9 level · 1/9 change

Withheld from this chart: IndiGrid Infrastructure Trust (INDIGRID) — its two data sources disagree by up to 86% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROA	ROA change	Reported
Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified	-2.2%	−6.5 pp	Jun 2026

Full 20-quarter history · every available company

ROA · reported quarter history

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021—

Dec 2021—

Mar 20224.3%

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023-2.2%

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

ROA change · reported quarter history

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−6.5 pp

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

10 · compare level, then change

ROE — Leaders & Improvers

Shrem InvIT has the highest ROE among the 9 Infrastructure Investment Trusts companies compared here, at 13.3%. Powergrid Infrastructure Investment Trust is next at 11.9%. Powergrid Infrastructure Investment Trust has the highest ROE change at -9 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Shrem InvIT leads roe at 13.3%; Powergrid Infrastructure Investment Trust leads roe change at -9 percentage points.

LeaderShrem InvIT · 13.3%

Gap11.8% versus #2 · Powergrid Infrastructure Investment Trust

PersistenceNot enough history

Coverage9/9 companies · 5 observations

Investor read: Shrem InvIT sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.

ROEhighest

1Shrem InvIT SHREMINVIT13%

2Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified12%

3Altius Telecom Infrastructure Trust 5432258.1%

4IndiGrid Infrastructure Trust INDIGRID7.2%

5IRB InvIT Fund IRBINVIT5.1%

ROE changefastest improvers

1Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified−9.0 pp

Return on equity · company comparison

9/9 level · 1/9 change

All-company data · latest reported quarter

Company	ROE	ROE change	Reported
Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified	-2.9%	−9.0 pp	Jun 2026

Full 20-quarter history · every available company

ROE · reported quarter history

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021—

Dec 2021—

Mar 20225.1%

Jun 20226.1%

Sep 20228.6%

Dec 2022—

Mar 2023-2.7%

Jun 2023-2.9%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

ROE change · reported quarter history

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−7.8 pp

Jun 2023−9.0 pp

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

11 · not available

Gross NPA — Leaders & Improvers

No company in this Infrastructure Investment Trusts comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 9 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

Withheld from this comparison: IndiGrid Infrastructure Trust (INDIGRID) — its two data sources disagree by up to 86% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · compare level, then change

Valuation Against Growth & Quality

Shrem InvIT has the lowest P/BV ÷ ROE among the 9 Infrastructure Investment Trusts companies compared here, at 0.08×. Powergrid Infrastructure Investment Trust is next at 0.1×. IRB InvIT Fund has the lowest P/BV at 0.98×, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Shrem InvIT has the lowest comparable P/BV ÷ ROE at 0.08×, 20% below Powergrid Infrastructure Investment Trust. Only 9 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderShrem InvIT · 0.08×

Gap20% versus #2 · Powergrid Infrastructure Investment Trust

Persistence0/8 recent comparable periods

Coverage9/9 companies · 3 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

P/BV ÷ ROElowest return-adjusted price

1Shrem InvIT SHREMINVIT0.1

2Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified0.1

3IRB InvIT Fund IRBINVIT0.2

4Sustainable Energy Infra Trust SEITINVIT0.4

5IndiGrid Infrastructure Trust INDIGRID0.4

P/BVlowest P/BV

1IRB InvIT Fund IRBINVIT1.0

2Shrem InvIT SHREMINVIT1.0

3Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified1.2

4National Highways Infra Trust NHIT1.4

5Sustainable Energy Infra Trust SEITINVIT1.4

Valuation · company comparison

9/9 level · 9/9 change

All-company data · latest reported quarter

Company	P/BV ÷ ROE	P/BV	Reported
Powergrid Infrastructure Investment Trust PGINVIT⚠ unverified	0.2	1.1	Jun 2026
Altius Telecom Infrastructure Trust 543225	—	3.6	Mar 2026
National Highways Infra Trust NHIT	—	1.5	Mar 2026
Cube Highways Trust CUBEINVIT	—	1.8	Mar 2026
IndiGrid Infrastructure Trust INDIGRID	—	3.1	Mar 2026
NDR INVIT Trust NDRINVIT	—	1.3	Mar 2026
Shrem InvIT SHREMINVIT	—	1.0	Mar 2026
IRB InvIT Fund IRBINVIT	—	0.5	Jun 2026
Sustainable Energy Infra Trust SEITINVIT	—	1.4	Mar 2026

Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

Sep 2021—

Dec 2021—

Mar 20220.2

Jun 20220.2

Sep 20220.2

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/BV · reported quarter history

Altius Telecom Infrastructure Trust · 543225

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20232.6

Mar 20241.7

Jun 20242.9

Sep 20242.1

Dec 20242.4

Mar 20252.3

Jun 20253.0

Sep 20253.3

Dec 20253.5

Mar 20263.6

Jun 2026—

Cube Highways Trust · CUBEINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20241.2

Mar 20251.2

Jun 20251.6

Sep 20251.7

Dec 20251.8

Mar 20261.8

Jun 2026—

IndiGrid Infrastructure Trust · INDIGRID

Sep 2021—

Dec 2021—

Mar 20222.2

Jun 2022—

Sep 2022—

Dec 20221.8

Mar 20231.7

Jun 20231.8

Sep 20231.9

Dec 20231.8

Mar 20241.9

Jun 20241.6

Sep 20242.1

Dec 20242.1

Mar 20252.1

Jun 20252.5

Sep 20252.7

Dec 20253.1

Mar 20263.1

Jun 2026—

IRB InvIT Fund · IRBINVIT

Sep 2021—

Dec 20210.7

Mar 20220.7

Jun 20220.8

Sep 2022—

Dec 20220.9

Mar 20231.0

Jun 20231.1

Sep 2023—

Dec 20231.0

Mar 20241.0

Jun 20241.0

Sep 20240.9

Dec 20240.9

Mar 20250.8

Jun 20250.9

Sep 20251.0

Dec 20250.9

Mar 20262.0

Jun 20260.5

National Highways Infra Trust · NHIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20221.1

Dec 20221.1

Mar 2023—

Jun 20230.9

Sep 20231.2

Dec 20231.2

Mar 20241.3

Jun 20240.7

Sep 20241.2

Dec 20241.2

Mar 20251.2

Jun 20250.8

Sep 20251.2

Dec 20251.3

Mar 20261.5

Jun 2026—

NDR INVIT Trust · NDRINVIT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20241.0

Sep 20241.0

Dec 20241.1

Mar 20251.1

Jun 20251.1

Sep 20251.2

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Powergrid Infrastructure Investment Trust · PGINVIT⚠ unverified

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Shrem InvIT · SHREMINVIT

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Sustainable Energy Infra Trust · SEITINVIT

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13 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Infrastructure Investment Trusts comparison names 8 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
Thin comparisons: Funding base, Return on assets, Asset quality have fewer than three usable current readings.

14 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 Infrastructure Investment Trusts companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing0 cross-checked · 8 unverified · 1 withheld, of 9 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

15 · questions investors ask, short speakable answers

Infrastructure Investment Trusts company comparison FAQs

These 23 answers restate the Infrastructure Investment Trusts comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Infrastructure Investment Trusts sector outperforming NIFTY 500?

Which Infrastructure Investment Trusts company is largest by income?

Altius Telecom Infrastructure Trust leads with income of ₹24,165 crore, based on 9 of 9 comparable companies through Mar 2026.

Which Infrastructure Investment Trusts company is growing fastest?

National Highways Infra Trust has the fastest current income growth at 80.8%, across 9 of 9 comparable companies.

Which Infrastructure Investment Trusts company has the strongest 4-Factor Sector Score?

National Highways Infra Trust ranks first at 58.2/100 with 58.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Infrastructure Investment Trusts company has the lowest comparable P/BV-to-ROE?

Shrem InvIT has the lowest comparable P/BV ÷ ROE at 0.08, among 9 of 9 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Infrastructure Investment Trusts comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Infrastructure Investment Trusts index?

The Nifty Infrastructure Investment Trusts index tracks India's listed Infrastructure Investment Trusts companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Infrastructure Investment Trusts sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Infrastructure Investment Trusts stocks in India?

Ranked by this page's four-factor score, National Highways Infra Trust places first among 9 listed Infrastructure Investment Trusts companies, followed by IndiGrid Infrastructure Trust. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Infrastructure Investment Trusts stocks are listed in India?

This comparison covers 9 listed Infrastructure Investment Trusts companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Infrastructure Investment Trusts company is the biggest?

Altius Telecom Infrastructure Trust is the largest, with trailing-twelve-month income of ₹24,165 crore, ahead of IndiGrid Infrastructure Trust at ₹4,769 crore. That covers 9 of 9 companies with comparable reporting through Mar 2026.

Which Infrastructure Investment Trusts company makes the most profit?

Altius Telecom Infrastructure Trust earns the most, at ₹1,107 crore of trailing-twelve-month net profit, from 9 of 9 comparable companies. National Highways Infra Trust has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Infrastructure Investment Trusts company earns the highest return on capital?

IndiGrid Infrastructure Trust leads on return on assets at 4.6%, across 2 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Infrastructure Investment Trusts stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Shrem InvIT screens cheapest at 0.08×. Only 9 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Infrastructure Investment Trusts sector beating the market?

Infrastructure Investment Trusts has outperformed NIFTY 500 by 9.9% over the last 52 weeks and 2.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Infrastructure Investment Trusts stock has the strongest price momentum?

National Highways Infra Trust has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Infrastructure Investment Trusts company scores highest for research priority?

National Highways Infra Trust scores 58.2 out of 100 with 58.3% evidence confidence, from 25.4 points on growth and earnings, 10.8 on capital efficiency, 5 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Infrastructure Investment Trusts companies does this comparison cover, and over what period?

It compares 9 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Infrastructure Investment Trusts sector?

The 9 Infrastructure Investment Trusts companies on this page carry ₹1,57,371 crore of combined market value. Altius Telecom Infrastructure Trust is the largest at ₹52,126 crore, about 33% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Infrastructure Investment Trusts sector's P/B ratio?

The median price-to-book ratio across the 9 Infrastructure Investment Trusts companies on this page is 1.4×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Infrastructure Investment Trusts sector performing?

7 of the 8 covered Infrastructure Investment Trusts companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 9.9% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.