IndiGrid Infrastructure Trust share price today

IndiGrid Infrastructure Trust's share price was ₹169.69 at the close on 4 November 2026. It has been rising for 78 weeks. That is 0.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹164 and ₹179, and at that close it sat 38% 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 IndiGrid Infrastructure 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 2 weeks in a row.

Over the last 9.4 years the share price moved +84% while the NIFTY 500 moved +160%, so it is behind 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.

2. Highest quarterly profit in 15 quarters

   Profit of ₹246 crore in the June 2026 quarter is the highest of the last 15 quarters.

3. Operating margin down 3 points on a year earlier

   80% in the June 2026 quarter, from 83%.

The last was a dividend whose amount we could not read, ex-date 17 August 2026.

IndiGrid Infrastructure 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 IndiGrid Infrastructure Trust: its payouts are trust distributions (interest and capital paid back), not company dividends.

Yes. IndiGrid Infrastructure Trust paid out 104% of its profit as dividends in FY26, and it paid a dividend in each of its last 9 reported years.

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

For April to June 2026 (the quarter ended 30 June 2026), IndiGrid Infrastructure Trust reported revenue of ₹1,087 crore, up 29.4% from ₹840 crore a year earlier, and a profit of ₹246 crore, up 228.0% from ₹75.0 crore.

IndiGrid Infrastructure Trust results: April to June 2026 against a year earlier

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

IndiGrid Infrastructure Trust's management discussed these results on a call held on 13 August 2026; what it said is further down this page.

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

IndiGrid Infrastructure Trust closed at ₹169.69 on 4 November 2026, down 1.3% from ₹171.96 a year earlier (7 November 2025) and up 21.1% over five years. Its highest weekly close since June 2017 was ₹179.49 on 10 July 2026.

IndiGrid Infrastructure 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.

448 weekly closes from 9 June 2017 to 4 November 2026.

4 Nov 2026: IndiGrid Infrastructure Trust closed at ₹169.69, up 0.8% on the week and down 0.1% on the month. 17 Aug 2026: ex-date for a distribution dividend.

Earlier

• 13 Aug 2026: IndiGrid Infrastructure Trust held its results call for April to June 2026. Management guided: FY27 DPU ₹16.5 per unit; DPU growth framed at 3-5% with a 5.4% yearly growth reference.
• Results for April to June 2026: Revenue up 29.4% and profit up 228.0% on a year earlier.
• 19 May 2026: ex-date for a distribution dividend.
• 17 Feb 2026: ex-date for a distribution dividend.
• 14 Nov 2025: ex-date for a distribution dividend.

On the call for April to June 2026, held on 13 August 2026, IndiGrid Infrastructure Trust's management guided: FY27 DPU ₹16.5 per unit; DPU growth framed at 3-5% with a 5.4% yearly growth reference.

“We can technically go to 70% as well. As a business strategy, what we have done is that when we reach 65%, we will look to undertake a capital raise to ensure that further growth headroom remains possible or available to us.”Harsh Shah, on the call for April to June 2026

What management guided

• Likely acquisition of 3-4 Energrid projects worth at least ₹2,000 crore during FY27, plus other M&A opportunities.
• Himachal LOIs carry combined capital spending of ₹5,800 crore and above ₹6,000 crore AUM upon operational acquisition.
• Energrid projects under construction worth ₹12,000-13,000 crore expected to flow into IndiGrid over 2-4 years.
• Operational transmission and BESS portfolio availability planned at at least 99.5%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

When IndiGrid Infrastructure Trust reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Transmission collections and receivable days - check whether seasonal softness normalizes without operating-cash-flow deterioration.

IndiGrid Infrastructure Trust is on 2 of our India lists: 52 week high & low and Small & mid cap stocks.

IndiGrid Infrastructure Trust earned ₹246 Cr of net profit in the Jun 2026 quarter, +228.0% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹399 Cr. Over 8 years profit has grown 8.4% a year on average. That is 22.6% of the quarter's revenue.

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

The same quarter a year earlier earned ₹75.0 Cr.

For the full year, FY26 profit was ₹399 Cr (−2.7% on the year before).

Why profit moved: revenue changed +29.4% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +74.5% and revenue +49.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

IndiGrid Infrastructure Trust reported ₹1,087 Cr of revenue in the Jun 2026 quarter, +29.4% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 8 years it has grown 34.4% a year on average. The last full year, FY26, came in at ₹4,768 Cr.

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

The last four reported quarters add to ₹5,016 Cr.

FY26 revenue was ₹4,768 Cr, +45.0% on the year before.

Recent pace: the last four quarters grew +49.1% on average, against 34.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +51.0%, against +26.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +63.3%, against +32.2% a year (accelerating).

IndiGrid Infrastructure Trust's operating margin was 80.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 9 years it has been between 64.0% and 96.0%. 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 −2.8 percentage points on the year while gross margin changed −4.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 809% of IndiGrid Infrastructure Trust's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,377 Cr of operating cash against ₹399 Cr of profit. After ₹3,209 Cr of spending on assets, ₹168 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.

Why 809% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.0× depreciation over three years. The next section checks what that spending is building.

IndiGrid Infrastructure Trust's cash cycle, the days between paying suppliers and getting paid by customers, was 60 days in FY26, down from 65 days in FY21. It spent ₹9,417 Cr on assets over the last 3 years. Customers take 60 days to pay, and stock sits for 9 days on average.

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 ₹4,768 Cr, each day of that cycle ties up about ₹13.1 Cr, so roughly ₹784 Cr is tied up in the business at any time.

FY26: customers took 60 days to pay and stock sat for 9 days, about 0.3 months of sales sitting as stock, for a full cycle of 60 days, shorter than FY21's 65.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 9 days. Customers pay about 60 days after that. Suppliers are paid at 282 days. Together that makes the 60-day cycle.

Spending on assets: ₹9,417 Cr over the last 3 years, against ₹3,185 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 ₹443 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.

IndiGrid Infrastructure Trust's P/E is 34.2×, near the high end of its own history: higher than 79% of past readings. Its usual P/E (the middle reading) is 28.6×, over 8.6 years 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.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹6.10.

Why the multiple is where it is: over the past year earnings per share moved −13.2% while the price moved −1.3%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 5 years the price moved +3.9% a year; about +5.2% a year came from earnings growth and about −1.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

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

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 86% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

IndiGrid Infrastructure Trust's business is getting better. EPS growth hit its low 6 quarters ago at −14.5% and has recovered to +48.4%, with ROCE steady at 8.0%. This is based on 8 quarters of 4 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.