Cube Highways Trust share price today

Cube Highways Trust's share price was ₹151.92 at the close on 4 November 2026. It has been rising for 72 weeks. That is 4.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹136 and ₹162, and at that close it sat 62% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Cube Highways Trust is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 19 weeks in a row.

Over the last 3.1 years the share price moved +52% while the NIFTY 500 moved +26%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Profit fell in the September 2026 quarter

   Profit was ₹8 crore, -80.1% on a year earlier (₹40 crore), after 2 quarters of growth.

2. Revenue up on a year earlier for 10 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,074 crore, +2.1% on a year earlier.

The last was a dividend whose amount we could not read, ex-date 30 October 2026.

Cube Highways Trust dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

We do not print a yield for Cube Highways Trust: its payouts are trust distributions (interest and capital paid back), not company dividends.

Yes. Cube Highways Trust paid out 222% of its profit as dividends in FY26, and it paid a dividend in 1 of its last 5 reported years. 2 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), Cube Highways Trust reported revenue of ₹1,074 crore, up 2.1% from ₹1,052 crore a year earlier, and a profit of ₹8.01 crore, down 80.1% from ₹40.2 crore.

Cube Highways Trust results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Cube Highways Trust closed at ₹151.92 on 4 November 2026, up 12.1% from ₹135.50 a year earlier (7 November 2025) and up 51.9% over three years. Its highest weekly close since October 2023 was ₹162.00 on 3 July 2026.

Cube Highways Trust share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

84 weekly closes from 10 October 2023 to 4 November 2026.

4 Nov 2026: Cube Highways Trust closed at ₹151.92, up 0.7% on the week and down 2.0% on the month. 30 Oct 2026: ex-date for a distribution dividend, record date 31 Oct 2026.

Earlier

• Results for July to September 2026: Revenue up 2.1% and profit down 80.1% on a year earlier.
• 19 Aug 2026: ex-date for a distribution dividend.
• 27 May 2026: ex-date for a distribution dividend.
• 4 Feb 2026: ex-date for a distribution dividend.

Cube Highways Trust is on one of our India lists: Small & mid cap stocks.

Cube Highways Trust earned ₹8.0 Cr of net profit in the Sep 2026 quarter, −80.1% on the same quarter a year earlier. Full-year FY26 profit was ₹217 Cr. That is 0.7% of the quarter's revenue. The same quarter a year earlier earned ₹40.2 Cr. 3 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Why profit moved: revenue changed +2.1% on a year earlier and the margin moved −4.5 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +4,361.2% and revenue +21.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Cube Highways Trust reported ₹1,074 Cr of revenue in the Sep 2026 quarter, +2.1% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹4,239 Cr. The last four reported quarters add to ₹4,444 Cr.

Revenue is everything the company billed its customers in the period.

A growth rate over several years is not shown, because there are too few years of figures to work one out properly.

FY26 revenue was ₹4,239 Cr, +28.2% on the year before.

Is growth speeding up? Revenue over the last 12 months grew +20.4%, against +18.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +690.8%, against +73.6% a year (accelerating).

Cube Highways Trust's operating margin was 68.8% in the Sep 2026 quarter, 4.5 percentage points lower than the same quarter a year ago. Across 3 years it has been between 42.0% and 74.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −4.5 percentage points on the year while gross margin changed +0.3 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Cube Highways Trust's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in ₹3,803 Cr of operating cash against ₹217 Cr of profit. After ₹289 Cr of spending on assets, ₹3,514 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: the bigger use of cash is spending on new assets, at 6.9× depreciation over three years. The next section checks what that spending is building.

Cube Highways Trust's cash cycle, the days between paying suppliers and getting paid by customers, was 19 days in FY26, up from 8 days in FY24. It spent ₹27,288 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,239 Cr, each day of that cycle ties up about ₹11.6 Cr, so roughly ₹221 Cr is tied up in the business at any time.

Spending on assets: ₹27,288 Cr over the last 3 years, against ₹3,940 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹11.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Cube Highways Trust's P/E is 83.3×, near the low end of its own history: it has been lower only 26% of the time. Its usual P/E (the middle reading) is 145.1×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Cube Highways Trust's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

DPU track record is improving: July to September 2025 ₹3.60/unit, October to December 2025 ₹4.10/unit (~₹551 Cr distribution). H1 FY26 revenue ₹19,959M (+23.85% on a year earlier), operating profit ₹15,116M (+29.83% on a year earlier). Traffic growth 9.4% is genuinely strong. BUT profit has been negative/negligible for most quarters, this is structural for high-leverage InvITs, not necessarily a red flag. Board approved ₹7,200 Cr acquisition of 4 road assets (January to March 2026 closing), execution risk is high. Interest coverage is low. Management tone is cautious. Glassdoor: N/A.

Regulatory and governance record

No fraud allegations found. However, the business model is a high-leverage debt-fuelled toll machine. ROCE at only 3.9%, negative ROE. Profit is eaten by interest and depreciation, October to December 2025 profit only ₹41 Cr on ₹1,081 Cr revenue (-21% on a year earlier despite 27% revenue growth). 50.3% promoter pledging is a material red flag.

Checked 22 March 2026.

Cube Highways Trust earned a ROCE of 6% in FY26. That is up from a low of 1% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 5.1% net margin and 0.14× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 5.1% net margin × 0.14× asset turnover × 3.00× leverage (assets divided by equity) ≈ 2.1% on equity. The margin does its share; borrowing is a big part of it.

Cube Highways Trust had ₹17,665 Cr of borrowings against ₹9,783 Cr of equity in FY26, so its debt is 1.81× its equity. Its operating profit is 2 times its interest bill. Over 4 years borrowings went from ₹0.0 Cr to ₹17,665 Cr. Over the last 3 of those years it spent ₹27,288 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

Only one quarter of Cube Highways Trust's shareholding is on file so far, so there is no change to read yet. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For Cube Highways Trust, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

45.3 out of 100, rank 8 of 9 in Infrastructure Investment Trusts, with 46% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Cube Highways Trust scores 45.3 out of 100 against the 9 companies it is compared with in Infrastructure Investment Trusts, ranking 8. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 23.3 + 8.2 + 3.5 + 10.3 = 45.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Cube Highways Trust ranks 8 of 9 Infrastructure Investment Trusts companies on the 4-Factor Sector Score, with 45.3 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Infrastructure Investment Trusts, all 9 compared on one page.

Cube Highways Trust is the 3rd largest of 9 Infrastructure Investment Trusts companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Altius Telecom Infrastructure Trust and National Highways Infra Trust. Just below it: IndiGrid Infrastructure Trust, Powergrid Infrastructure Investment Trust, NDR INVIT Trust and IRB InvIT Fund.

Infrastructure Investment Trusts companies close in size

1. Altius Telecom Infrastructure Trust ₹53,025 crore
2. National Highways Infra Trust ₹32,636 crore
3. Cube Highways Trust ₹20,286 crore
4. IndiGrid Infrastructure Trust ₹19,163 crore
5. Powergrid Infrastructure Investment Trust ₹9,585 crore
6. NDR INVIT Trust ₹6,928 crore
7. IRB InvIT Fund ₹6,312 crore

All 9 Infrastructure Investment Trusts companies, largest first

Companies close in size in other industries

368. Aether Industries Ltd ₹20,575 crore · Speciality Chemicals
369. SPR Auto Technologies Ltd ₹20,288 crore · Auto Ancillaries - Engine Parts
370. Cube Highways Trust ₹20,286 crore
371. Lalithaa Jewellery Mart Ltd ₹20,172 crore
372. Belrise Industries Ltd ₹19,966 crore · Auto Ancillaries - 2 Wheelers

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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