Anantam Highways Trust
ANANTAMAnantam Highways Trust's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 83rd percentile of its own range — the multiple has already done part of the work.
The price is topping out (5 weeks in) while the P/E sits at the 83rd percentile of its own 0-year range. Underneath, the last four quarters read mixed. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Anantam Highways Trust trades at ₹105, losing momentum at the top and 5 weeks into that stage. That is +0.1% against its own 200-day average. It sits at 30% of a 52-week range of ₹103 to ₹111. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (13 weeks and counting).
Today the stock is losing momentum at the top — week 5 of stage 3, confirmed. At ₹105 it trades +0.1% versus its 200-day average and sits at 30% of its 52-week range (₹103–₹111).
Against the market, two honest reads. Cumulative: over the last 10 months the stock moved −1% while the NIFTY 500 moved −1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (13 weeks and counting; last ahead the week of 2026-06-04) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Anantam Highways Trust trades at 11.8× P/E, at the pricey end of its own range (83rd percentile). Its long-run median P/E is 11.7×, measured across 0.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 11.8× is at the pricey end of its own range (83rd percentile), against a long-run median of 11.7× measured over 0.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read.
Anantam Highways Trust reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
4-Factor Sector Score
66.6/100 — rank 2 of 9 in Infra/Real Estate Investment Trust · 38% evidence confidence · provisional, ranked below fully-evidenced peers
Anantam Highways Trust scores 66.6 out of 100 against the 9 companies it is compared with in Infra/Real Estate Investment Trust, ranking 2. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 20.8 + 19.1 + 16.7 + 10 = 66.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Anantam Highways Trust reported ₹223 Cr of revenue in the Mar 26 quarter. The last full year, FY26, came in at ₹313 Cr. The last four reported quarters add to ₹327 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.
FY26 revenue came in at ₹313 Cr (null on the year). The latest quarter (Mar 26) printed ₹223 Cr, null year on year.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Anantam Highways Trust's operating margin is 90.0% in the Mar 26 quarter.
The latest quarter's operating margin is 90.0%, null pp against the same quarter a year ago. Across 1 fiscal years the operating margin has ranged 86.0%–86.0%.
Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Anantam Highways Trust earned ₹203 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹196 Cr. That is 91.0% of the quarter's revenue.
Mar 26 profit was ₹203 Cr, null year on year. On the full year, FY26 printed ₹196 Cr (null).
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Anantam Highways Trust's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹487 Cr of operating cash against ₹196 Cr of profit. After ₹2.0 Cr of capital spending, ₹485 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.
FY26: operating cash of ₹487 Cr against reported profit of ₹196 Cr, leaving free cash of ₹485 Cr after ₹2.0 Cr of capital spending.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Anantam Highways Trust does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran ₹2.0 Cr over the last 1 years. Averaged over those years that is 0.6% of FY26 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of ₹2.0 Cr over the last 1 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Anantam Highways Trust earns a ROCE of 14% in FY26. Return on invested capital clears the cost of that capital by −0.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 62.6% net margin on 0.07× asset turns.
FY26 ROCE is 14%.
🚨 Why the return is what it is — the wiring (FY26): 62.6% net margin × 0.07× asset turns × 2.02× balance-sheet leverage ≈ 8.9% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 11.6% − 12.0% = a −0.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Anantam Highways Trust carries ₹2,101 Cr of borrowings against ₹2,304 Cr of equity in FY26, a debt-to-equity of 0.91. Operating profit covers the interest bill 3×. Over 1 years borrowings went from ₹0.0 Cr to ₹2,101 Cr. Capital spending ran ₹2.0 Cr across the last 1 of those years.
FY26: borrowings of ₹2,101 Cr against equity of ₹2,304 Cr — a debt-to-equity of 0.91. Operating profit covers the interest bill 3×. Over 1 years borrowings went from ₹0.0 Cr to ₹2,101 Cr while capital spending ran ₹2.0 Cr in just the last 1 — part of the build-out is riding on borrowed money.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Anantam Highways Trust moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — .
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Anantam Highways Trust: the Z-score reads 0.93. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits inside the distress zone. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
🚨 Why it matters: a Z-score of 0.93 is inside the distress zone — the balance sheet is a real risk, not a detail.
The safety line in one sentence: the Z-score reads 0.93.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Indus Infra TrustINDUSINVIT | 49.3/100Mixed-negative evidence67% evidence | TURNING | 9.6/35 Income -9.1% · PAT -20.6% 45% evidence | 17.1/25 ROA 5.1% · ROE 7.9% · GNPA — 68% evidence | 8.3/20 P/BV 1.23× · P/BV÷ROE 0.15 70% evidence | 14.3/20 RS sector 3.2% · RS bench 6.8% · 1Y 15.3%1 of 12 weeks ahead 100% evidence |
| Exact sum: 9.6 + 17.1 + 8.3 + 14.3 = 49.3 · Decision use: Price leads the evidence: RS versus the benchmark is 6.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 2Anantam Highways Trustthis pageANANTAM | 66.6/100Thin evidence · provisional38% evidence | ASLEEP | 20.8/35 Income — · PAT — 19% evidence | 19.1/25 ROA 11.2% · ROE 16.8% · GNPA — 68% evidence | 16.7/20 P/BV 0.99× · P/BV÷ROE 0.06 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y —1 of 12 weeks ahead 0% evidence |
| Exact sum: 20.8 + 19.1 + 16.7 + 10 = 66.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 3Vertis Infrastructure TrustVERTIS | 57.5/100Thin evidence · provisional41% evidence | ASLEEP | 26.5/35 Income 62.2% · PAT 51.5% 52% evidence | 14.3/25 ROA — · ROE 9.5% · GNPA — 34% evidence | 6.7/20 P/BV 2.49× · P/BV÷ROE 0.26 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 12 weeks ahead 0% evidence |
| Exact sum: 26.5 + 14.3 + 6.7 + 10 = 57.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 4Maple Infrastructure Trust543925 | 48.9/100Thin evidence · provisional17% evidence | 20.8/35 Income 93.1% · PAT 2.5% 19% evidence | 8.8/25 ROA — · ROE -3.1% · GNPA — 34% evidence | 9.3/20 P/BV 1.5× · P/BV÷ROE — 10% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 2 weeks ahead 0% evidence | |
| Exact sum: 20.8 + 8.8 + 9.3 + 10 = 48.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 5Nxt-Infra TrustNXT-INFRA | 45.5/100Thin evidence · provisional23% evidence | 17.5/35 Income — · PAT — 0% evidence | 11.8/25 ROA — · ROE 3.8% · GNPA — 34% evidence | 6.2/20 P/BV 1.13× · P/BV÷ROE 0.3 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 2 weeks ahead 0% evidence | |
| Exact sum: 17.5 + 11.8 + 6.2 + 10 = 45.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Knowledge Realty TrustKRT | 45.1/100Thin evidence · provisional47% evidence | ASLEEP | 24.5/35 Income — · PAT 6866.7% 45% evidence | 6.8/25 ROA 0.7% · ROE 1.7% · GNPA — 68% evidence | 3.8/20 P/BV 1.21× · P/BV÷ROE 0.72 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y 10.6%0 of 9 weeks ahead 0% evidence |
| Exact sum: 24.5 + 6.8 + 3.8 + 10 = 45.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7Roadstar Infra Investment TrustROADSTAR | 44.5/100Thin evidence · provisional26% evidence | 16.2/35 Income 24.4% · PAT -80% 45% evidence | 8.5/25 ROA — · ROE -5.6% · GNPA — 34% evidence | 9.8/20 P/BV 0.7× · P/BV÷ROE — 10% evidence | 10.0/20 RS sector — · RS bench — · 1Y 0%2 of 5 weeks ahead 0% evidence | |
| Exact sum: 16.2 + 8.5 + 9.8 + 10 = 44.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 8TVS Infrastructure TrustTVSINVIT | 43.9/100Thin evidence · provisional23% evidence | 17.5/35 Income — · PAT — 0% evidence | 11.8/25 ROA — · ROE 1.8% · GNPA — 34% evidence | 4.6/20 P/BV 1.22× · P/BV÷ROE 0.68 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y 12.7%0 of 1 week ahead 0% evidence | |
| Exact sum: 17.5 + 11.8 + 4.6 + 10 = 43.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 9Capital Infra TrustCAPINVIT | 38.7/100Thin evidence · provisional45% evidence | TURNING | 17.5/35 Income — · PAT — 0% evidence | 7.6/25 ROA 0.1% · ROE 7.2% · GNPA — 68% evidence | 8.6/20 P/BV 1.05× · P/BV÷ROE 0.15 70% evidence | 5.0/20 RS sector -15% · RS bench -1.1% · 1Y -9.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 17.5 + 7.6 + 8.6 + 5 = 38.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
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.
Frequently asked questions
What is Anantam Highways Trust's share price today?
Anantam Highways Trust trades at ₹105. The company is valued at ₹2,283 Cr. The stock sits at 30% of its 52-week range of ₹103–₹111, +0.1% versus its 200-day average. On the tape, the price is topping out, 5 weeks in. — as of 31 July 2026.
What were Anantam Highways Trust's latest quarterly results?
Anantam Highways Trust reported revenue of ₹223 Cr and net profit of ₹203 Cr for the Mar 26 quarter. Earnings per share were ₹9.33. The operating margin was 90.0%. — as of 31 July 2026.
What is Anantam Highways Trust's revenue?
Anantam Highways Trust reported revenue of ₹223 Cr in the Mar 26 quarter. For the full FY26 fiscal year, revenue was ₹313 Cr. — as of 31 July 2026.
What is Anantam Highways Trust's profit?
Anantam Highways Trust earned ₹203 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹196 Cr. The operating margin ran 90.0% in the latest quarter. — as of 31 July 2026.
What is Anantam Highways Trust's market cap?
Anantam Highways Trust's market capitalisation is ₹2,283 Cr at a share price of ₹105. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Anantam Highways Trust's P/E ratio?
Anantam Highways Trust trades at a P/E of 11.8×, at the 83rd percentile of its own 0-year range, against a long-run median of 11.7×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Anantam Highways Trust pay a dividend?
Yes — Anantam Highways Trust's dividend payout was 28% of profit in FY26, and it recorded a payout in 1 of its last 2 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Anantam Highways Trust overvalued?
On its own history, Anantam Highways Trust looks expensive against its own history: its P/E of 11.8× sits at the 83rd percentile of its 0-year range (long-run median 11.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
How is Anantam Highways Trust performing?
Anantam Highways Trust is topping out, 5 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 13 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
Is Anantam Highways Trust in an uptrend?
It is stalling — the price is topping out (week 5 of stage 3), trading +0.1% versus its 200-day average and at 30% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Anantam Highways Trust beating the market?
Not lately — on a trailing-13-week view Anantam Highways Trust is currently behind the NIFTY 500 (13 weeks and counting; last ahead the week of 2026-06-04), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10 months the stock moved −1% against the NIFTY 500's −1% — ahead of the index over the full window. — as of 31 July 2026.
Will Anantam Highways Trust's share price go up?
This page publishes no price forecast for Anantam Highways Trust. What it measures instead: the share price is ₹105, the price is topping out 5 weeks in. Its P/E of 11.8× sits at the 83rd percentile of its own 0-year range. Direction is not something this site claims to know. — as of 31 July 2026.
Does Anantam Highways Trust have too much debt?
It is moderate — Anantam Highways Trust's debt-to-equity is 0.91, and operating profit covers the interest bill 3×. FY26 borrowings were ₹2,101 Cr against equity of ₹2,304 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Anantam Highways Trust's capex?
Anantam Highways Trust spent ₹2.0 Cr on capital expenditure over the last 1 fiscal year, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Anantam Highways Trust's cash flow?
Anantam Highways Trust generated ₹487 Cr of operating cash flow in FY26 and ₹485 Cr of free cash flow after ₹2.0 Cr of capital spending. Reported profit that year was ₹196 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
How financially safe is Anantam Highways Trust?
On the balance sheet, the Z-score reads 0.93 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is inside the danger band — a real balance-sheet risk. — as of 31 July 2026.
Where is Anantam Highways Trust in its business cycle?
Anantam Highways Trust's FY26 operating margin was 86.0%, against a 1-year band of 86.0%–86.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 90.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Anantam Highways Trust story?
Biggest watch item: the P/E sits at the 83rd percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Anantam Highways Trust a stock worth studying right now?
This is not investment advice. The machine read: Anantam Highways Trust's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.