National Highways Infra Trust share price today

National Highways Infra Trust's share price was ₹169.00 at the close on 4 November 2026. It has been rising for 130 weeks. That is 8.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹143 and ₹174, and at that close it sat 84% 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 National Highways Infra 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 10 weeks in a row.

Over the last 5 years the share price moved +66% while the NIFTY 500 moved +42%, 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.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 6 quarters in a row and highest quarterly revenue in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹1,312 crore, +28.3% on a year earlier.

2. Profit up on a year earlier for 6 quarters in a row

   In the June 2026 quarter profit was ₹234 crore, +93.4% on a year earlier.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,312 crore in the June 2026 quarter is the highest of the last 16 quarters.

For April to June 2026 (the quarter ended 30 June 2026), National Highways Infra Trust reported revenue of ₹1,312 crore, up 28.3% from ₹1,023 crore a year earlier, and a profit of ₹234 crore, up 93.4% from ₹121 crore.

National Highways Infra 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).

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

National Highways Infra Trust closed at ₹169.00 on 4 November 2026, up 19.0% from ₹142.00 a year earlier (4 November 2025) and up 66.1% over five years. Its highest weekly close since November 2021 was ₹174.00 on 21 August 2026.

National Highways Infra 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.

145 weekly closes from 12 November 2021 to 4 November 2026.

4 Nov 2026: National Highways Infra Trust closed at ₹169.00, up 0.3% on the week and down 0.5% on the month. 12 Aug 2026: ex-date for a distribution dividend.

Earlier

• Results for April to June 2026: Revenue up 28.3% and profit up 93.4% on a year earlier.
• 15 May 2026: ex-date for a distribution dividend, record date 16 May 2026.
• 20 Mar 2026: ex-date for a distribution dividend.
• 30 Jan 2026: ex-date for a distribution dividend.

The last was a dividend whose amount we could not read, ex-date 12 August 2026.

National Highways Infra 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 National Highways Infra Trust: its payouts are trust distributions (interest and capital paid back), not company dividends.

No. National Highways Infra Trust paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

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

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

National Highways Infra Trust earned ₹234 Cr of net profit in the Jun 2026 quarter, +93.4% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹686 Cr. That is 17.8% of the quarter's revenue. The same quarter a year earlier earned ₹121 Cr.

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

For the full year, FY26 profit was ₹686 Cr (+111.1% on the year before).

Why profit moved: revenue changed +28.3% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +156.8% and revenue +67.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

National Highways Infra Trust reported ₹1,312 Cr of revenue in the Jun 2026 quarter, +28.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹4,322 Cr. The last four reported quarters add to ₹4,563 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 ₹4,322 Cr, +79.1% on the year before.

Is growth speeding up? Revenue over the last 12 months grew +61.6%, against +89.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +108.9%, against +70.0% a year (accelerating).

National Highways Infra Trust's operating margin was 79.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 5 years it has been between 74.0% and 82.0%. 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 −2.5 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 515% of National Highways Infra Trust's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,820 Cr of operating cash against ₹686 Cr of profit.

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.

After ₹18,235 Cr of spending on assets, free cash was −₹14,415 Cr: it spent more than its operations brought in.

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

Why 515% of profit came in as cash: the cash cycle got 11 days shorter between FY22 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 14.2× depreciation over three years. The next section checks what that spending is building.

National Highways Infra Trust's cash cycle, the days between paying suppliers and getting paid by customers, was 4 days in FY26, down from 15 days in FY22. It spent ₹35,388 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 ₹4,322 Cr, each day of that cycle ties up about ₹11.8 Cr, so roughly ₹47.0 Cr is tied up in the business at any time.

Spending on assets: ₹35,388 Cr over the last 3 years, against ₹2,496 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 ₹0.0 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.

National Highways Infra Trust's P/E is 41.1×, near the low end of its own history: it has been lower only 10% of the time. Its usual P/E (the middle reading) is 64.5×, over 4.2 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.

Why the multiple is where it is: over the past year earnings per share moved +110.7% while the price moved +19.0%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +12.4% a year; about +1.8% a year came from earnings growth and about +10.6 percentage points from the multiple (the market paying more). 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 low against its own past, so the earnings trend underneath matters more than the multiple.

National Highways Infra Trust's business is turning around. EPS growth has swung from −41.4% at its low to +81.1%, improving for 5 quarters in a row, with ROCE steady at 4.0%. This is based on 9 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.

Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.

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.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

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.

National Highways Infra Trust earned a ROCE of 4% in FY26. That is up from a low of 3% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 15.9% net margin and 0.08× 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 15.9% net margin × 0.08× asset turnover × 2.14× leverage (assets divided by equity) ≈ 2.7% on equity. The margin does most of the work; borrowing is a big part of it.

National Highways Infra Trust had ₹25,048 Cr of borrowings against ₹23,801 Cr of equity in FY26, so its debt is 1.05× its equity. Its operating profit is 2 times its interest bill. Over 5 years borrowings went from ₹0.0 Cr to ₹25,048 Cr. Over the last 3 of those years it spent ₹35,388 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 National Highways Infra 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 National Highways Infra 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.

50.6 out of 100, rank 3 of 9 in Infrastructure Investment Trusts, with 64% of the evidence available.

National Highways Infra Trust scores 50.6 out of 100 against the 9 companies it is compared with in Infrastructure Investment Trusts, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 24.4 + 10.8 + 5 + 10.4 = 50.6. 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.

National Highways Infra Trust ranks 3 of 9 Infrastructure Investment Trusts companies on the 4-Factor Sector Score, with 50.6 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.

National Highways Infra Trust is the 2nd 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. Just below it: Cube Highways Trust, 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 ₹9,417 crore
6. NDR INVIT Trust ₹6,779 crore
7. IRB InvIT Fund ₹6,312 crore

All 9 Infrastructure Investment Trusts companies, largest first

Companies close in size in other industries

262. Acutaas Chemicals Ltd ₹32,778 crore · Pharma - API & CRAMS
263. 3M India Ltd ₹32,672 crore · Diversified
264. National Highways Infra Trust ₹32,636 crore
265. Shyam Metalics & Energy Ltd ₹32,460 crore · Steel Products
266. Nuvama Wealth Management Ltd ₹32,032 crore · Finance - Capital Markets - Wealth Management

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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