Vertis Infrastructure Trust share price today
Vertis Infrastructure Trust · NSE: VERTIS · Infra/Real Estate Investment Trust · prices and results as of 2 November 2026, updated weekly · All listed InvITs in India, with yield
Vertis Infrastructure Trust share price today: ₹115.00 at the NSE close on 2 November 2026, up 8.5% in a year. Vertis Infrastructure Trust (NSE: VERTIS) is worth ₹17,365 crore, trades at a P/E of 19.9 and has closed between ₹104.28 and ₹119.00 over the past 52 weeks. Latest change: best operating margin in 15 quarters.
Vertis Infrastructure Trust's results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 13% of past readings.
The main question: yearly earnings per share moved +34.8% while the share price moved +8.5%.
The price has been rising for 58 weeks, and the P/E is lower than 87% of its own last 1 year. Over the last four quarters, results have been improving, with profit +163.1% on a year earlier, and 407% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.
Figures we could not check: Some figures on this page come from a second data source that we could not check against the main one, because the two do not cover enough of the same periods. They are shown because they are the only figures there are, and every section that uses one is marked unverified.
What is the Vertis Infrastructure Trust share price today?
Vertis Infrastructure Trust's share price was ₹115.00 at the close on 2 November 2026. It has been rising for 58 weeks. That is 4.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹104 and ₹119, and at that close it sat 73% 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 Vertis 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 13 weeks in a row.
Nov 2026: ₹115, 4.5% above its 200-day average. The price has been rising for 58 weeks.
- Price ₹115
- 50-day avg ₹115
- 200-day avg ₹110
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 5 Sep 2025 | ₹102 | ₹99 | ₹98 |
| 12 Sep 2025 | ₹102 | ₹99 | ₹99 |
| 19 Sep 2025 | ₹102 | ₹100 | ₹99 |
| 26 Sep 2025 | ₹102 | ₹100 | ₹99 |
| 3 Oct 2025 | ₹103 | ₹101 | ₹99 |
| 10 Oct 2025 | ₹104 | ₹101 | ₹99 |
| 17 Oct 2025 | ₹106 | ₹102 | ₹100 |
| 24 Oct 2025 | ₹106 | ₹102 | ₹100 |
| 31 Oct 2025 | ₹106 | ₹102 | ₹100 |
| 7 Nov 2025 | ₹109 | ₹103 | ₹100 |
| 14 Nov 2025 | ₹109 | ₹104 | ₹100 |
| 19 Nov 2025 | ₹110 | ₹104 | ₹101 |
| 28 Nov 2025 | ₹109 | ₹105 | ₹101 |
| 5 Dec 2025 | ₹109 | ₹106 | ₹101 |
| 12 Dec 2025 | ₹107 | ₹106 | ₹102 |
| 19 Dec 2025 | ₹108 | ₹106 | ₹102 |
| 24 Dec 2025 | ₹109 | ₹107 | ₹102 |
| 31 Dec 2025 | ₹108 | ₹107 | ₹102 |
| 9 Jan 2026 | ₹107 | ₹107 | ₹102 |
| 16 Jan 2026 | ₹108 | ₹107 | ₹103 |
| 22 Jan 2026 | ₹107 | ₹107 | ₹103 |
| 1 Feb 2026 | ₹108 | ₹107 | ₹103 |
| 6 Feb 2026 | ₹107 | ₹107 | ₹103 |
| 12 Feb 2026 | ₹107 | ₹107 | ₹103 |
| 20 Feb 2026 | ₹110 | ₹107 | ₹103 |
| 27 Feb 2026 | ₹109 | ₹108 | ₹104 |
| 4 Mar 2026 | ₹107 | ₹108 | ₹104 |
| 13 Mar 2026 | ₹108 | ₹108 | ₹104 |
| 20 Mar 2026 | ₹107 | ₹107 | ₹104 |
| 27 Mar 2026 | ₹107 | ₹107 | ₹104 |
| 2 Apr 2026 | ₹106 | ₹107 | ₹104 |
| 6 Apr 2026 | ₹107 | ₹107 | ₹104 |
| 10 Apr 2026 | ₹107 | ₹107 | ₹104 |
| 16 Apr 2026 | ₹109 | ₹107 | ₹104 |
| 24 Apr 2026 | ₹108 | ₹107 | ₹104 |
| 30 Apr 2026 | ₹107 | ₹107 | ₹105 |
| 8 May 2026 | ₹108 | ₹108 | ₹105 |
| 15 May 2026 | ₹108 | ₹108 | ₹105 |
| 22 May 2026 | ₹108 | ₹108 | ₹105 |
| 29 May 2026 | ₹107 | ₹108 | ₹105 |
| 3 Jun 2026 | ₹108 | ₹108 | ₹105 |
| 10 Jun 2026 | ₹107 | ₹108 | ₹105 |
| 12 Jun 2026 | ₹108 | ₹108 | ₹105 |
| 15 Jun 2026 | ₹108 | ₹108 | ₹105 |
| 19 Jun 2026 | ₹108 | ₹108 | ₹105 |
| 24 Jun 2026 | ₹109 | ₹108 | ₹105 |
| 25 Jun 2026 | ₹109 | ₹108 | ₹105 |
| 1 Jul 2026 | ₹110 | ₹108 | ₹106 |
| 3 Jul 2026 | ₹110 | ₹108 | ₹106 |
| 10 Jul 2026 | ₹109 | ₹108 | ₹106 |
| 14 Jul 2026 | ₹111 | ₹108 | ₹106 |
| 23 Jul 2026 | ₹113 | ₹109 | ₹106 |
| 31 Jul 2026 | ₹107 | ₹109 | ₹106 |
| 7 Aug 2026 | ₹113 | ₹110 | ₹106 |
| 14 Aug 2026 | ₹116 | ₹110 | ₹107 |
| 20 Aug 2026 | ₹117 | ₹111 | ₹107 |
| 28 Aug 2026 | ₹116 | ₹112 | ₹107 |
| 4 Sep 2026 | ₹115 | ₹112 | ₹108 |
| 11 Sep 2026 | ₹116 | ₹113 | ₹108 |
| 18 Sep 2026 | ₹115 | ₹113 | ₹108 |
| 25 Sep 2026 | ₹116 | ₹114 | ₹109 |
| 1 Oct 2026 | ₹117 | ₹114 | ₹109 |
| 9 Oct 2026 | ₹114 | ₹114 | ₹109 |
| 16 Oct 2026 | ₹116 | ₹114 | ₹110 |
| 23 Oct 2026 | ₹114 | ₹115 | ₹110 |
| 30 Oct 2026 | ₹115 | ₹115 | ₹110 |
| 2 Nov 2026 | ₹115 | ₹115 | ₹110 |
Price stage: Falling from Sep 2025 to Oct 2025; Rising from Oct 2025 to Oct 2026.
Week by week since 2025: did it beat the NIFTY 500 over the past 13 weeks?
Ahead in 38 of 54 weeks
| Week | 13-week return vs NIFTY 500 |
|---|---|
| 5 Sep 2025 | no NIFTY 500 reading |
| 12 Sep 2025 | no NIFTY 500 reading |
| 19 Sep 2025 | no NIFTY 500 reading |
| 26 Sep 2025 | no NIFTY 500 reading |
| 3 Oct 2025 | no NIFTY 500 reading |
| 10 Oct 2025 | no NIFTY 500 reading |
| 17 Oct 2025 | no NIFTY 500 reading |
| 24 Oct 2025 | no NIFTY 500 reading |
| 31 Oct 2025 | no NIFTY 500 reading |
| 7 Nov 2025 | no NIFTY 500 reading |
| 14 Nov 2025 | no NIFTY 500 reading |
| 19 Nov 2025 | no NIFTY 500 reading |
| 28 Nov 2025 | no NIFTY 500 reading |
| 5 Dec 2025 | +5.4% |
| 12 Dec 2025 | +4.8% |
| 19 Dec 2025 | +3.0% |
| 24 Dec 2025 | +2.8% |
| 31 Dec 2025 | +1.0% |
| 9 Jan 2026 | +3.0% |
| 16 Jan 2026 | +5.8% |
| 22 Jan 2026 | +4.5% |
| 1 Feb 2026 | +2.9% |
| 6 Feb 2026 | −1.6% |
| 12 Feb 2026 | −0.7% |
| 20 Feb 2026 | +2.2% |
| 27 Feb 2026 | +5.4% |
| 4 Mar 2026 | +4.0% |
| 13 Mar 2026 | +7.0% |
| 20 Mar 2026 | +8.6% |
| 27 Mar 2026 | +10.4% |
| 2 Apr 2026 | +5.4% |
| 6 Apr 2026 | +4.8% |
| 10 Apr 2026 | +0.6% |
| 16 Apr 2026 | +1.9% |
| 24 Apr 2026 | +2.4% |
| 30 Apr 2026 | +2.7% |
| 8 May 2026 | +5.7% |
| 15 May 2026 | +1.9% |
| 22 May 2026 | −2.1% |
| 29 May 2026 | −2.5% |
| 3 Jun 2026 | −1.8% |
| 10 Jun 2026 | −5.0% |
| 12 Jun 2026 | −7.0% |
| 15 Jun 2026 | −2.2% |
| 19 Jun 2026 | −2.6% |
| 24 Jun 2026 | −0.9% |
| 25 Jun 2026 | −0.1% |
| 1 Jul 2026 | +0.0% |
| 3 Jul 2026 | +2.1% |
| 10 Jul 2026 | −2.7% |
| 14 Jul 2026 | −1.1% |
| 23 Jul 2026 | +3.6% |
| 31 Jul 2026 | −4.3% |
| 7 Aug 2026 | −1.1% |
| 14 Aug 2026 | +4.3% |
| 20 Aug 2026 | +4.2% |
| 28 Aug 2026 | +5.5% |
| 4 Sep 2026 | +6.1% |
| 11 Sep 2026 | +8.0% |
| 18 Sep 2026 | +6.2% |
| 25 Sep 2026 | +8.0% |
| 1 Oct 2026 | +12.1% |
| 9 Oct 2026 | +11.0% |
| 16 Oct 2026 | +9.1% |
| 23 Oct 2026 | +7.6% |
| 30 Oct 2026 | +14.7% |
| 2 Nov 2026 | +9.4% |
Over the last 1 year the share price moved +13% while the NIFTY 500 moved −5%, 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.
What changed at Vertis Infrastructure Trust this quarter?
Three changes stood out: best operating margin in 15 quarters, highest quarterly profit in 15 quarters and revenue up on a year earlier for 5 quarters in a row.
Best operating margin in 15 quarters
Operating margin was 81% in the June 2026 quarter, against 78% a year earlier.
Highest quarterly profit in 15 quarters
Profit of ₹342 crore in the June 2026 quarter is the highest of the last 15 quarters.
Revenue up on a year earlier for 5 quarters in a row
In the June 2026 quarter revenue was ₹1,053 crore, +26.9% on a year earlier.
What are Vertis Infrastructure Trust's latest quarterly results?
For April to June 2026 (the quarter ended 30 June 2026), Vertis Infrastructure Trust reported revenue of ₹1,053 crore, up 26.9% from ₹830 crore a year earlier, and a profit of ₹342 crore, up 163.1% from ₹130 crore.
Vertis Infrastructure Trust results: April to June 2026 against a year earlier
| Measure | April to June 2026 | April to June 2025 | Change |
|---|---|---|---|
| Revenue | ₹1,053 crore | ₹830 crore | +26.9% |
| Profit | ₹342 crore | ₹130 crore | +163.1% |
| Earnings per share | ₹2.03 | ₹0.71 | +185.9% |
| Operating margin | 81.0% | 78.0% | +3.0 points |
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.
What is the Vertis Infrastructure Trust share price history?
Vertis Infrastructure Trust closed at ₹115.00 on 2 November 2026, up 8.5% from ₹106.00 a year earlier (31 October 2025). Its highest weekly close since September 2025 was ₹117.00 on 20 August 2026.
Vertis Infrastructure Trust share price: then and now
| When | Close | Change to 2 Nov 2026 |
|---|---|---|
| 1 week ago · 23 Oct 2026 | ₹114.25 | +0.7% |
| 1 month ago · 1 Oct 2026 | ₹116.50 | −1.3% |
| 6 months ago · 30 Apr 2026 | ₹107.00 | +7.5% |
| 1 year ago · 31 Oct 2025 | ₹106.00 | +8.5% |
| Earliest and lowest weekly close in our records · 5 Sep 2025 | ₹102.00 | +12.7% |
| Highest weekly close since September 2025 · 20 Aug 2026 | ₹117.00 | −1.7% |
| 52-week high (weekly close) · 30 Sep 2026 | ₹119.00 | −3.4% |
| 52-week low (weekly close) · 1 Apr 2026 | ₹104.28 | +10.3% |
Weekly closing prices. Each change is the move from that price to the 2 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.
67 weekly closes from 5 September 2025 to 2 November 2026.
What is the latest news on Vertis Infrastructure Trust?
2 Nov 2026: Vertis Infrastructure Trust closed at ₹115.00, up 0.7% on the week and down 1.3% on the month. 5 Aug 2026: ex-date for a distribution dividend.
Earlier
- Results for April to June 2026: Revenue up 26.9% and profit up 163.1% on a year earlier.
- 22 May 2026: ex-date for a distribution dividend, record date 23 May 2026.
- 4 Feb 2026: ex-date for a distribution dividend.
- 12 Nov 2025: ex-date for a distribution dividend.
What dividend does Vertis Infrastructure Trust pay?
The last was a dividend whose amount we could not read, ex-date 5 August 2026.
Vertis Infrastructure Trust dividends since 1 April 2021
| Ex-date | Dividend per share | Type | Record date |
|---|---|---|---|
| 5 Aug 2026Distribution | not readable | Distribution | same day |
| 22 May 2026Distribution | not readable | Distribution | 23 May 2026 |
| 4 Feb 2026Distribution | not readable | Distribution | same day |
| 12 Nov 2025Distribution | not readable | Distribution | same day |
| 19 Aug 2025Distribution | not readable | Distribution | same day |
| 21 May 2025Distribution | not readable | Distribution | same day |
| 24 May 2024Distribution | not readable | Distribution | same day |
| 17 Nov 2023Distribution | not readable | Distribution | 18 Nov 2023 |
| 18 Aug 2023Distribution | not readable | Distribution | 19 Aug 2023 |
| 26 May 2023Distribution | not readable | Distribution | 27 May 2023 |
| 17 Mar 2023Distribution | not readable | Distribution | 18 Mar 2023 |
| 15 Feb 2023Distribution | not readable | Distribution | same day |
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 Vertis Infrastructure Trust: its payouts are trust distributions (interest and capital paid back), not company dividends.
Yes. Vertis Infrastructure Trust paid out 244% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 5 reported years. One of those years shows a negative figure because profit itself was negative.
From the NSE corporate-actions record, read 5 November 2026.
Which stock lists is Vertis Infrastructure Trust on?
Vertis Infrastructure Trust is on 2 of our India lists: Momentum stocks and Small & mid cap stocks.
Is Vertis Infrastructure Trust profitable?
Vertis Infrastructure Trust earned ₹342 Cr of net profit in the Jun 2026 quarter, +163.1% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹660 Cr. Over 4 years profit has grown 95.7% a year on average. That is 32.5% 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 ₹130 Cr. 1 of the last 12 reported quarters were loss-making.
For the full year, FY26 profit was ₹660 Cr (+21.1% on the year before).
FY26 profit ₹660 Cr (+21.1% on the year before), 95.7% a year over 4 years
- Net profit ₹660
| Quarter | Net profit |
|---|---|
| FY22 | ₹45 |
| FY23 | ₹34 |
| FY24 | −₹153 |
| FY25 | ₹545 |
| FY26 | ₹660 |
Growth on a year earlier
- Growth on a year earlier 21.1%
| Quarter | Growth on a year earlier |
|---|---|
| FY22 | – |
| FY23 | −24.4% |
| FY24 | −550% |
| FY25 | – |
| FY26 | 21.1% |
Jun 2026: ₹342 Cr (+163.1% on a year earlier), the 2nd quarter in a row of growth
- Net profit (quarterly) ₹342
| Quarter | Net profit (quarterly) |
|---|---|
| Sep 2023 | ₹44 |
| Dec 2023 | ₹41 |
| Mar 2024 | −₹303 |
| Jun 2024 | ₹99 |
| Sep 2024 | ₹155 |
| Dec 2024 | ₹117 |
| Mar 2025 | ₹173 |
| Jun 2025 | ₹130 |
| Sep 2025 | ₹188 |
| Dec 2025 | ₹111 |
| Mar 2026 | ₹230 |
| Jun 2026 | ₹342 |
Growth on a year earlier
- Growth on a year earlier 163.1%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | – |
| Dec 2023 | −16.3% |
| Mar 2024 | −1,542.9% |
| Jun 2024 | 70.7% |
| Sep 2024 | 252.3% |
| Dec 2024 | 185.4% |
| Mar 2025 | – |
| Jun 2025 | 31.3% |
| Sep 2025 | 21.3% |
| Dec 2025 | −5.1% |
| Mar 2026 | 32.9% |
| Jun 2026 | 163.1% |
Why profit moved: revenue changed +26.9% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.
On average over the last four quarters, profit changed +53.0% and revenue +69.0%. Profit is growing slower than sales: rising costs are taking part of the growth.
How much revenue does Vertis Infrastructure Trust make, and is it growing?
Vertis Infrastructure Trust reported ₹1,053 Cr of revenue in the Jun 2026 quarter, +26.9% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 111.7% a year on average. The last full year, FY26, came in at ₹3,819 Cr.
Revenue is everything the company billed its customers in the period.
The last four reported quarters add to ₹4,126 Cr.
FY26 revenue was ₹3,819 Cr, +79.5% on the year before.
FY26 revenue ₹3,819 Cr (+79.5% on the year before), 111.7% a year over 4 years
- Revenue ₹3,819
| Quarter | Revenue |
|---|---|
| FY22 | ₹190 |
| FY23 | ₹627 |
| FY24 | ₹2,035 |
| FY25 | ₹2,127 |
| FY26 | ₹3,819 |
Growth on a year earlier
- Growth on a year earlier 79.5%
| Quarter | Growth on a year earlier |
|---|---|
| FY22 | – |
| FY23 | 230% |
| FY24 | 224.6% |
| FY25 | 4.5% |
| FY26 | 79.5% |
Jun 2026: ₹1,053 Cr (+26.9% on a year earlier), the 5th quarter in a row of growth
- Revenue (quarterly) ₹1,053
| Quarter | Revenue (quarterly) |
|---|---|
| Sep 2023 | ₹170 |
| Dec 2023 | ₹294 |
| Mar 2024 | ₹1,302 |
| Jun 2024 | ₹524 |
| Sep 2024 | ₹512 |
| Dec 2024 | ₹501 |
| Mar 2025 | ₹701 |
| Jun 2025 | ₹830 |
| Sep 2025 | ₹1,002 |
| Dec 2025 | ₹1,016 |
| Mar 2026 | ₹1,055 |
| Jun 2026 | ₹1,053 |
Growth on a year earlier
- Growth on a year earlier 26.9%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | – |
| Dec 2023 | 78.2% |
| Mar 2024 | 689.1% |
| Jun 2024 | 123% |
| Sep 2024 | 201.2% |
| Dec 2024 | 70.4% |
| Mar 2025 | −46.2% |
| Jun 2025 | 58.4% |
| Sep 2025 | 95.7% |
| Dec 2025 | 102.8% |
| Mar 2026 | 50.5% |
| Jun 2026 | 26.9% |
Recent pace: the last four quarters grew +69.0% on average, against 111.7% a year over the longer run, so this year is growing slower than its own long-run rate.
Is growth speeding up? Revenue over the last 12 months grew +62.2%, against +34.2% a year over the last 8 quarters (accelerating).
How much of every ₹100 of sales does Vertis Infrastructure Trust keep?
Vertis Infrastructure Trust's operating margin was 81.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between 42.0% and 78.0%. The latest quarter is above every full year in that period.
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 +3.8 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.
FY26: 73.0%, within a range of 42.0% to 78.0% over 5 years
- Operating margin 73.0%
| Quarter | Operating margin |
|---|---|
| FY22 | 78% |
| FY23 | 66% |
| FY24 | 42% |
| FY25 | 71% |
| FY26 | 73% |
Change on the year before (points)
- Change on the year before (points) +2.0 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY22 | – |
| FY23 | −12.0 pts |
| FY24 | −24.0 pts |
| FY25 | +29.0 pts |
| FY26 | +2.0 pts |
Jun 2026: operating margin 81.0% (+3.0 points on a year earlier)
- Operating margin 81.0%
| Quarter | Operating margin |
|---|---|
| Sep 2023 | 72% |
| Dec 2023 | 70% |
| Mar 2024 | 26% |
| Jun 2024 | 71% |
| Sep 2024 | 77% |
| Dec 2024 | 74% |
| Mar 2025 | 65% |
| Jun 2025 | 78% |
| Sep 2025 | 75% |
| Dec 2025 | 64% |
| Mar 2026 | 72% |
| Jun 2026 | 81% |
Change on a year earlier (points)
- Change on a year earlier (points) +3.0 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | −7.0 pts |
| Mar 2024 | −30.0 pts |
| Jun 2024 | +1.0 pts |
| Sep 2024 | +5.0 pts |
| Dec 2024 | +4.0 pts |
| Mar 2025 | +39.0 pts |
| Jun 2025 | +7.0 pts |
| Sep 2025 | −2.0 pts |
| Dec 2025 | −10.0 pts |
| Mar 2026 | +7.0 pts |
| Jun 2026 | +3.0 pts |
Is Vertis Infrastructure Trust's profit turning into cash?
Over the last 3 years, 407% of Vertis Infrastructure Trust's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,302 Cr of operating cash against ₹660 Cr of profit. After ₹650 Cr of spending on assets, ₹2,652 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.
FY26: operating cash ₹3,302 Cr against profit ₹660 Cr; 407% of 3 years' profit came in as cash
- Operating cash ₹3,302
- Net profit ₹660
- Free cash ₹2,652
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY22 | ₹170 | ₹45 | – |
| FY23 | ₹503 | ₹34 | ₹479 |
| FY24 | ₹1,247 | −₹153 | −₹2,968 |
| FY25 | ₹1,237 | ₹545 | – |
| FY26 | ₹3,302 | ₹660 | ₹2,652 |
FY26: operating cash was 500% of profit (407% over three years)
- Operating cash as % of profit 300%
- Break-even line 100%
| Quarter | Operating cash as % of profit | Break-even line |
|---|---|---|
| FY22 | 300% | 100% |
| FY23 | 300% | 100% |
| FY24 | – | 100% |
| FY25 | 227% | 100% |
| FY26 | 300% | 100% |
Why 407% of profit came in as cash: the cash cycle stayed about the same between FY22 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 5.4× depreciation over three years. The next section checks what that spending is building.
Where does Vertis Infrastructure Trust's cash go?
Vertis Infrastructure Trust's cash cycle, the days between paying suppliers and getting paid by customers, was 8 days in FY26, up from 7 days in FY22. It spent ₹11,680 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 ₹3,819 Cr, each day of that cycle ties up about ₹10.5 Cr, so roughly ₹84.0 Cr is tied up in the business at any time.
FY26: a 8-day cash cycle, +1 days compared with FY22
- Cash cycle 8d
- Debtor days 8d
| Quarter | Cash cycle | Debtor days |
|---|---|---|
| FY22 | 7d | 7d |
| FY23 | 0d | 0d |
| FY24 | 6d | 6d |
| FY25 | 3d | 3d |
| FY26 | 8d | 8d |
Spending on assets: ₹11,680 Cr over the last 3 years, against ₹2,179 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.
FY26: capex ₹650 Cr, work in progress ₹0.0 Cr, a build-out
- Capex ₹650
- Work-in-progress ₹0.0
| Quarter | Capex | Work-in-progress |
|---|---|---|
| FY23 | ₹24 | ₹0 |
| FY24 | ₹4,215 | ₹5 |
| FY25 | ₹6,815 | ₹0 |
| FY26 | ₹650 | ₹0 |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is Vertis Infrastructure Trust's P/E ratio, and how does it compare with its own history?
Vertis Infrastructure Trust's P/E is 19.9×, near the low end of its own history: it has been lower only 13% of the time. Its usual P/E (the middle reading) is 26.8×, 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.
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 ₹5.51.
P/E 19.9× against a usual 26.8×: near the low end of its own history: it has been lower only 13% of the time
- P/E 19.9×
- Median 26.8×
| Week | P/E | Median |
|---|---|---|
| 1 Sep 2025 | 30.0× | 26.8× |
| 3 Sep 2025 | 31.5× | 26.8× |
| 4 Sep 2025 | 31.0× | 26.8× |
| 5 Sep 2025 | 31.2× | 26.8× |
| 8 Sep 2025 | 31.2× | 26.8× |
| 9 Sep 2025 | 31.3× | 26.8× |
| 10 Sep 2025 | 31.2× | 26.8× |
| 11 Sep 2025 | 31.4× | 26.8× |
| 12 Sep 2025 | 31.2× | 26.8× |
| 15 Sep 2025 | 31.1× | 26.8× |
| 16 Sep 2025 | 30.9× | 26.8× |
| 17 Sep 2025 | 31.2× | 26.8× |
| 18 Sep 2025 | 31.2× | 26.8× |
| 19 Sep 2025 | 31.2× | 26.8× |
| 22 Sep 2025 | 31.2× | 26.8× |
| 23 Sep 2025 | 31.2× | 26.8× |
| 24 Sep 2025 | 31.2× | 26.8× |
| 25 Sep 2025 | 31.2× | 26.8× |
| 26 Sep 2025 | 31.2× | 26.8× |
| 29 Sep 2025 | 31.3× | 26.8× |
| 30 Sep 2025 | 31.2× | 26.8× |
| 1 Oct 2025 | 31.2× | 26.8× |
| 3 Oct 2025 | 31.5× | 26.8× |
| 6 Oct 2025 | 31.5× | 26.8× |
| 7 Oct 2025 | 31.5× | 26.8× |
| 8 Oct 2025 | 31.6× | 26.8× |
| 9 Oct 2025 | 31.6× | 26.8× |
| 10 Oct 2025 | 31.6× | 26.8× |
| 14 Oct 2025 | 31.8× | 26.8× |
| 15 Oct 2025 | 31.9× | 26.8× |
| 16 Oct 2025 | 31.9× | 26.8× |
| 17 Oct 2025 | 32.2× | 26.8× |
| 20 Oct 2025 | 32.4× | 26.8× |
| 24 Oct 2025 | 32.4× | 26.8× |
| 28 Oct 2025 | 32.4× | 26.8× |
| 31 Oct 2025 | 32.4× | 26.8× |
| 4 Nov 2025 | 32.4× | 26.8× |
| 7 Nov 2025 | 27.4× | 26.8× |
| 11 Nov 2025 | 27.4× | 26.8× |
| 12 Nov 2025 | 27.3× | 26.8× |
| 13 Nov 2025 | 27.4× | 26.8× |
| 14 Nov 2025 | 27.4× | 26.8× |
| 17 Nov 2025 | 27.5× | 26.8× |
| 18 Nov 2025 | 27.4× | 26.8× |
| 19 Nov 2025 | 27.7× | 26.8× |
| 24 Nov 2025 | 27.7× | 26.8× |
| 25 Nov 2025 | 26.9× | 26.8× |
| 26 Nov 2025 | 27.4× | 26.8× |
| 28 Nov 2025 | 27.4× | 26.8× |
| 1 Dec 2025 | 27.4× | 26.8× |
| 2 Dec 2025 | 27.4× | 26.8× |
| 3 Dec 2025 | 27.4× | 26.8× |
| 4 Dec 2025 | 27.7× | 26.8× |
| 5 Dec 2025 | 27.4× | 26.8× |
| 8 Dec 2025 | 27.3× | 26.8× |
| 9 Dec 2025 | 27.3× | 26.8× |
| 10 Dec 2025 | 26.7× | 26.8× |
| 11 Dec 2025 | 27.2× | 26.8× |
| 12 Dec 2025 | 26.9× | 26.8× |
| 15 Dec 2025 | 26.9× | 26.8× |
| 16 Dec 2025 | 27.2× | 26.8× |
| 17 Dec 2025 | 27.2× | 26.8× |
| 18 Dec 2025 | 27.1× | 26.8× |
| 19 Dec 2025 | 27.2× | 26.8× |
| 22 Dec 2025 | 27.4× | 26.8× |
| 23 Dec 2025 | 27.4× | 26.8× |
| 24 Dec 2025 | 27.4× | 26.8× |
| 29 Dec 2025 | 27.1× | 26.8× |
| 30 Dec 2025 | 27.1× | 26.8× |
| 31 Dec 2025 | 27.2× | 26.8× |
| 5 Jan 2026 | 27.2× | 26.8× |
| 6 Jan 2026 | 27.2× | 26.8× |
| 8 Jan 2026 | 26.9× | 26.8× |
| 9 Jan 2026 | 26.9× | 26.8× |
| 12 Jan 2026 | 26.9× | 26.8× |
| 13 Jan 2026 | 26.9× | 26.8× |
| 16 Jan 2026 | 27.0× | 26.8× |
| 19 Jan 2026 | 26.9× | 26.8× |
| 20 Jan 2026 | 26.9× | 26.8× |
| 21 Jan 2026 | 26.4× | 26.8× |
| 22 Jan 2026 | 26.9× | 26.8× |
| 27 Jan 2026 | 27.4× | 26.8× |
| 28 Jan 2026 | 27.6× | 26.8× |
| 1 Feb 2026 | 26.9× | 26.8× |
| 3 Feb 2026 | 26.9× | 26.8× |
| 4 Feb 2026 | 26.6× | 26.8× |
| 6 Feb 2026 | 26.6× | 26.8× |
| 9 Feb 2026 | 26.9× | 26.8× |
| 11 Feb 2026 | 26.6× | 26.8× |
| 12 Feb 2026 | 26.6× | 26.8× |
| 18 Feb 2026 | 27.1× | 26.8× |
| 20 Feb 2026 | 27.4× | 26.8× |
| 24 Feb 2026 | 27.4× | 26.8× |
| 25 Feb 2026 | 27.1× | 26.8× |
| 26 Feb 2026 | 27.1× | 26.8× |
| 27 Feb 2026 | 27.1× | 26.8× |
| 2 Mar 2026 | 26.6× | 26.8× |
| 4 Mar 2026 | 26.6× | 26.8× |
| 9 Mar 2026 | 26.9× | 26.8× |
| 11 Mar 2026 | 26.8× | 26.8× |
| 12 Mar 2026 | 26.8× | 26.8× |
| 13 Mar 2026 | 26.8× | 26.8× |
| 16 Mar 2026 | 26.9× | 26.8× |
| 17 Mar 2026 | 26.6× | 26.8× |
| 18 Mar 2026 | 26.4× | 26.8× |
| 19 Mar 2026 | 26.6× | 26.8× |
| 20 Mar 2026 | 26.5× | 26.8× |
| 23 Mar 2026 | 26.3× | 26.8× |
| 24 Mar 2026 | 26.6× | 26.8× |
| 25 Mar 2026 | 26.3× | 26.8× |
| 27 Mar 2026 | 26.6× | 26.8× |
| 30 Mar 2026 | 26.6× | 26.8× |
| 1 Apr 2026 | 26.0× | 26.8× |
| 2 Apr 2026 | 26.3× | 26.8× |
| 6 Apr 2026 | 26.6× | 26.8× |
| 8 Apr 2026 | 26.4× | 26.8× |
| 10 Apr 2026 | 26.6× | 26.8× |
| 15 Apr 2026 | 27.0× | 26.8× |
| 16 Apr 2026 | 27.0× | 26.8× |
| 20 Apr 2026 | 26.9× | 26.8× |
| 21 Apr 2026 | 26.9× | 26.8× |
| 23 Apr 2026 | 27.1× | 26.8× |
| 24 Apr 2026 | 26.9× | 26.8× |
| 27 Apr 2026 | 26.8× | 26.8× |
| 28 Apr 2026 | 26.9× | 26.8× |
| 29 Apr 2026 | 26.9× | 26.8× |
| 30 Apr 2026 | 26.6× | 26.8× |
| 4 May 2026 | 27.5× | 26.8× |
| 5 May 2026 | 26.8× | 26.8× |
| 6 May 2026 | 26.9× | 26.8× |
| 7 May 2026 | 27.4× | 26.8× |
| 8 May 2026 | 26.9× | 26.8× |
| 11 May 2026 | 26.9× | 26.8× |
| 12 May 2026 | 26.7× | 26.8× |
| 13 May 2026 | 26.9× | 26.8× |
| 14 May 2026 | 27.1× | 26.8× |
| 15 May 2026 | 26.9× | 26.8× |
| 18 May 2026 | 26.9× | 26.8× |
| 19 May 2026 | 26.9× | 26.8× |
| 20 May 2026 | 24.4× | 26.8× |
| 22 May 2026 | 24.1× | 26.8× |
| 25 May 2026 | 24.4× | 26.8× |
| 26 May 2026 | 24.6× | 26.8× |
| 29 May 2026 | 24.0× | 26.8× |
| 1 Jun 2026 | 24.2× | 26.8× |
| 2 Jun 2026 | 24.2× | 26.8× |
| 3 Jun 2026 | 24.2× | 26.8× |
| 8 Jun 2026 | 24.1× | 26.8× |
| 9 Jun 2026 | 24.2× | 26.8× |
| 10 Jun 2026 | 23.9× | 26.8× |
| 11 Jun 2026 | 23.8× | 26.8× |
| 12 Jun 2026 | 24.2× | 26.8× |
| 15 Jun 2026 | 24.2× | 26.8× |
| 19 Jun 2026 | 24.2× | 26.8× |
| 22 Jun 2026 | 24.2× | 26.8× |
| 23 Jun 2026 | 24.4× | 26.8× |
| 24 Jun 2026 | 24.3× | 26.8× |
| 25 Jun 2026 | 24.4× | 26.8× |
| 1 Jul 2026 | 24.6× | 26.8× |
| 3 Jul 2026 | 24.6× | 26.8× |
| 6 Jul 2026 | 24.6× | 26.8× |
| 10 Jul 2026 | 24.4× | 26.8× |
| 13 Jul 2026 | 24.6× | 26.8× |
| 14 Jul 2026 | 25.1× | 26.8× |
| 22 Jul 2026 | 25.6× | 26.8× |
| 23 Jul 2026 | 25.6× | 26.8× |
| 27 Jul 2026 | 25.6× | 26.8× |
| 28 Jul 2026 | 25.6× | 26.8× |
| 29 Jul 2026 | 25.6× | 26.8× |
| 30 Jul 2026 | 25.6× | 26.8× |
| 31 Jul 2026 | 18.4× | 26.8× |
| 3 Aug 2026 | 19.4× | 26.8× |
| 5 Aug 2026 | 19.5× | 26.8× |
| 6 Aug 2026 | 19.2× | 26.8× |
| 7 Aug 2026 | 19.5× | 26.8× |
| 10 Aug 2026 | 19.4× | 26.8× |
| 11 Aug 2026 | 19.4× | 26.8× |
| 12 Aug 2026 | 19.9× | 26.8× |
| 14 Aug 2026 | 20.0× | 26.8× |
| 17 Aug 2026 | 20.0× | 26.8× |
| 19 Aug 2026 | 20.2× | 26.8× |
| 20 Aug 2026 | 20.2× | 26.8× |
| 24 Aug 2026 | 20.0× | 26.8× |
| 25 Aug 2026 | 19.9× | 26.8× |
| 26 Aug 2026 | 20.0× | 26.8× |
| 27 Aug 2026 | 20.0× | 26.8× |
| 28 Aug 2026 | 20.0× | 26.8× |
| 31 Aug 2026 | 20.0× | 26.8× |
| 1 Sep 2026 | 19.9× | 26.8× |
| 2 Sep 2026 | 19.9× | 26.8× |
| 3 Sep 2026 | 19.9× | 26.8× |
| 4 Sep 2026 | 19.9× | 26.8× |
| 7 Sep 2026 | 20.2× | 26.8× |
| 8 Sep 2026 | 20.2× | 26.8× |
| 9 Sep 2026 | 20.2× | 26.8× |
| 10 Sep 2026 | 20.0× | 26.8× |
| 11 Sep 2026 | 20.0× | 26.8× |
| 15 Sep 2026 | 20.0× | 26.8× |
| 16 Sep 2026 | 19.7× | 26.8× |
| 17 Sep 2026 | 19.9× | 26.8× |
| 18 Sep 2026 | 19.8× | 26.8× |
| 21 Sep 2026 | 19.7× | 26.8× |
| 22 Sep 2026 | 19.8× | 26.8× |
| 23 Sep 2026 | 20.0× | 26.8× |
| 24 Sep 2026 | 20.0× | 26.8× |
| 25 Sep 2026 | 20.0× | 26.8× |
| 29 Sep 2026 | 20.2× | 26.8× |
| 30 Sep 2026 | 20.6× | 26.8× |
| 1 Oct 2026 | 20.1× | 26.8× |
| 5 Oct 2026 | 19.7× | 26.8× |
| 7 Oct 2026 | 20.0× | 26.8× |
| 8 Oct 2026 | 19.8× | 26.8× |
| 9 Oct 2026 | 19.7× | 26.8× |
| 12 Oct 2026 | 19.9× | 26.8× |
| 14 Oct 2026 | 20.0× | 26.8× |
| 15 Oct 2026 | 20.0× | 26.8× |
| 16 Oct 2026 | 20.0× | 26.8× |
| 19 Oct 2026 | 19.9× | 26.8× |
| 21 Oct 2026 | 19.9× | 26.8× |
| 22 Oct 2026 | 20.0× | 26.8× |
| 23 Oct 2026 | 19.7× | 26.8× |
| 26 Oct 2026 | 19.9× | 26.8× |
| 27 Oct 2026 | 20.0× | 26.8× |
| 28 Oct 2026 | 19.9× | 26.8× |
| 30 Oct 2026 | 19.9× | 26.8× |
| 2 Nov 2026 | 19.9× | 26.8× |
Earnings per share, 12 months
- Earnings per share, 12 months ₹6
| Week | Earnings per share, 12 months |
|---|---|
| 1 Sep 2025 | – |
| 3 Sep 2025 | – |
| 4 Sep 2025 | – |
| 5 Sep 2025 | – |
| 8 Sep 2025 | – |
| 9 Sep 2025 | – |
| 10 Sep 2025 | – |
| 11 Sep 2025 | – |
| 12 Sep 2025 | – |
| 15 Sep 2025 | – |
| 16 Sep 2025 | – |
| 17 Sep 2025 | – |
| 18 Sep 2025 | – |
| 19 Sep 2025 | – |
| 22 Sep 2025 | – |
| 23 Sep 2025 | – |
| 24 Sep 2025 | – |
| 25 Sep 2025 | – |
| 26 Sep 2025 | – |
| 29 Sep 2025 | – |
| 30 Sep 2025 | ₹3 |
| 1 Oct 2025 | ₹3 |
| 3 Oct 2025 | ₹3 |
| 6 Oct 2025 | ₹3 |
| 7 Oct 2025 | ₹3 |
| 8 Oct 2025 | ₹3 |
| 9 Oct 2025 | ₹3 |
| 10 Oct 2025 | ₹3 |
| 14 Oct 2025 | ₹3 |
| 15 Oct 2025 | ₹3 |
| 16 Oct 2025 | ₹3 |
| 17 Oct 2025 | ₹3 |
| 20 Oct 2025 | ₹3 |
| 24 Oct 2025 | ₹3 |
| 28 Oct 2025 | ₹3 |
| 31 Oct 2025 | ₹3 |
| 4 Nov 2025 | ₹3 |
| 7 Nov 2025 | ₹3 |
| 11 Nov 2025 | ₹3 |
| 12 Nov 2025 | ₹3 |
| 13 Nov 2025 | ₹3 |
| 14 Nov 2025 | ₹3 |
| 17 Nov 2025 | ₹3 |
| 18 Nov 2025 | ₹3 |
| 19 Nov 2025 | ₹3 |
| 24 Nov 2025 | ₹3 |
| 25 Nov 2025 | ₹3 |
| 26 Nov 2025 | ₹3 |
| 28 Nov 2025 | ₹3 |
| 1 Dec 2025 | ₹3 |
| 2 Dec 2025 | ₹3 |
| 3 Dec 2025 | ₹3 |
| 4 Dec 2025 | ₹3 |
| 5 Dec 2025 | ₹3 |
| 8 Dec 2025 | ₹3 |
| 9 Dec 2025 | ₹3 |
| 10 Dec 2025 | ₹3 |
| 11 Dec 2025 | ₹3 |
| 12 Dec 2025 | ₹3 |
| 15 Dec 2025 | ₹3 |
| 16 Dec 2025 | ₹3 |
| 17 Dec 2025 | ₹3 |
| 18 Dec 2025 | ₹3 |
| 19 Dec 2025 | ₹3 |
| 22 Dec 2025 | ₹3 |
| 23 Dec 2025 | ₹3 |
| 24 Dec 2025 | ₹3 |
| 29 Dec 2025 | ₹3 |
| 30 Dec 2025 | ₹3 |
| 31 Dec 2025 | ₹4 |
| 5 Jan 2026 | ₹4 |
| 6 Jan 2026 | ₹4 |
| 8 Jan 2026 | ₹4 |
| 9 Jan 2026 | ₹4 |
| 12 Jan 2026 | ₹4 |
| 13 Jan 2026 | ₹4 |
| 16 Jan 2026 | ₹4 |
| 19 Jan 2026 | ₹4 |
| 20 Jan 2026 | ₹4 |
| 21 Jan 2026 | ₹4 |
| 22 Jan 2026 | ₹4 |
| 27 Jan 2026 | ₹4 |
| 28 Jan 2026 | ₹4 |
| 1 Feb 2026 | ₹4 |
| 3 Feb 2026 | ₹4 |
| 4 Feb 2026 | ₹4 |
| 6 Feb 2026 | ₹4 |
| 9 Feb 2026 | ₹4 |
| 11 Feb 2026 | ₹4 |
| 12 Feb 2026 | ₹4 |
| 18 Feb 2026 | ₹4 |
| 20 Feb 2026 | ₹4 |
| 24 Feb 2026 | ₹4 |
| 25 Feb 2026 | ₹4 |
| 26 Feb 2026 | ₹4 |
| 27 Feb 2026 | ₹4 |
| 2 Mar 2026 | ₹4 |
| 4 Mar 2026 | ₹4 |
| 9 Mar 2026 | ₹4 |
| 11 Mar 2026 | ₹4 |
| 12 Mar 2026 | ₹4 |
| 13 Mar 2026 | ₹4 |
| 16 Mar 2026 | ₹4 |
| 17 Mar 2026 | ₹4 |
| 18 Mar 2026 | ₹4 |
| 19 Mar 2026 | ₹4 |
| 20 Mar 2026 | ₹4 |
| 23 Mar 2026 | ₹4 |
| 24 Mar 2026 | ₹4 |
| 25 Mar 2026 | ₹4 |
| 27 Mar 2026 | ₹4 |
| 30 Mar 2026 | ₹4 |
| 1 Apr 2026 | ₹4 |
| 2 Apr 2026 | ₹4 |
| 6 Apr 2026 | ₹4 |
| 8 Apr 2026 | ₹4 |
| 10 Apr 2026 | ₹4 |
| 15 Apr 2026 | ₹4 |
| 16 Apr 2026 | ₹4 |
| 20 Apr 2026 | ₹4 |
| 21 Apr 2026 | ₹4 |
| 23 Apr 2026 | ₹4 |
| 24 Apr 2026 | ₹4 |
| 27 Apr 2026 | ₹4 |
| 28 Apr 2026 | ₹4 |
| 29 Apr 2026 | ₹4 |
| 30 Apr 2026 | ₹4 |
| 4 May 2026 | ₹4 |
| 5 May 2026 | ₹4 |
| 6 May 2026 | ₹4 |
| 7 May 2026 | ₹4 |
| 8 May 2026 | ₹4 |
| 11 May 2026 | ₹4 |
| 12 May 2026 | ₹4 |
| 13 May 2026 | ₹4 |
| 14 May 2026 | ₹4 |
| 15 May 2026 | ₹4 |
| 18 May 2026 | ₹4 |
| 19 May 2026 | ₹4 |
| 20 May 2026 | ₹4 |
| 22 May 2026 | ₹4 |
| 25 May 2026 | ₹4 |
| 26 May 2026 | ₹4 |
| 29 May 2026 | ₹4 |
| 1 Jun 2026 | ₹4 |
| 2 Jun 2026 | ₹4 |
| 3 Jun 2026 | ₹4 |
| 8 Jun 2026 | ₹4 |
| 9 Jun 2026 | ₹4 |
| 10 Jun 2026 | ₹4 |
| 11 Jun 2026 | ₹4 |
| 12 Jun 2026 | ₹4 |
| 15 Jun 2026 | ₹4 |
| 19 Jun 2026 | ₹4 |
| 22 Jun 2026 | ₹4 |
| 23 Jun 2026 | ₹4 |
| 24 Jun 2026 | ₹4 |
| 25 Jun 2026 | ₹5 |
| 1 Jul 2026 | ₹5 |
| 3 Jul 2026 | ₹5 |
| 6 Jul 2026 | ₹5 |
| 10 Jul 2026 | ₹5 |
| 13 Jul 2026 | ₹5 |
| 14 Jul 2026 | ₹5 |
| 22 Jul 2026 | ₹5 |
| 23 Jul 2026 | ₹5 |
| 27 Jul 2026 | ₹5 |
| 28 Jul 2026 | ₹5 |
| 29 Jul 2026 | ₹5 |
| 30 Jul 2026 | ₹5 |
| 31 Jul 2026 | ₹5 |
| 3 Aug 2026 | ₹5 |
| 5 Aug 2026 | ₹5 |
| 6 Aug 2026 | ₹5 |
| 7 Aug 2026 | ₹5 |
| 10 Aug 2026 | ₹5 |
| 11 Aug 2026 | ₹5 |
| 12 Aug 2026 | ₹5 |
| 14 Aug 2026 | ₹5 |
| 17 Aug 2026 | ₹5 |
| 19 Aug 2026 | ₹5 |
| 20 Aug 2026 | ₹5 |
| 24 Aug 2026 | ₹5 |
| 25 Aug 2026 | ₹5 |
| 26 Aug 2026 | ₹5 |
| 27 Aug 2026 | ₹5 |
| 28 Aug 2026 | ₹5 |
| 31 Aug 2026 | ₹5 |
| 1 Sep 2026 | ₹5 |
| 2 Sep 2026 | ₹5 |
| 3 Sep 2026 | ₹5 |
| 4 Sep 2026 | ₹5 |
| 7 Sep 2026 | ₹5 |
| 8 Sep 2026 | ₹5 |
| 9 Sep 2026 | ₹5 |
| 10 Sep 2026 | ₹5 |
| 11 Sep 2026 | ₹5 |
| 15 Sep 2026 | ₹5 |
| 16 Sep 2026 | ₹5 |
| 17 Sep 2026 | ₹5 |
| 18 Sep 2026 | ₹5 |
| 21 Sep 2026 | ₹5 |
| 22 Sep 2026 | ₹5 |
| 23 Sep 2026 | ₹5 |
| 24 Sep 2026 | ₹5 |
| 25 Sep 2026 | ₹5 |
| 29 Sep 2026 | ₹5 |
| 30 Sep 2026 | ₹6 |
| 1 Oct 2026 | ₹6 |
| 5 Oct 2026 | ₹6 |
| 7 Oct 2026 | ₹6 |
| 8 Oct 2026 | ₹6 |
| 9 Oct 2026 | ₹6 |
| 12 Oct 2026 | ₹6 |
| 14 Oct 2026 | ₹6 |
| 15 Oct 2026 | ₹6 |
| 16 Oct 2026 | ₹6 |
| 19 Oct 2026 | ₹6 |
| 21 Oct 2026 | ₹6 |
| 22 Oct 2026 | ₹6 |
| 23 Oct 2026 | ₹6 |
| 26 Oct 2026 | ₹6 |
| 27 Oct 2026 | ₹6 |
| 28 Oct 2026 | ₹6 |
| 30 Oct 2026 | ₹6 |
| 2 Nov 2026 | ₹6 |
Why the multiple is where it is: over the past year earnings per share moved +34.8% while the price moved +8.5%. Earnings did better than the price, which pulled the multiple down within its own range.
In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.
Is the Vertis Infrastructure Trust business getting better or worse?
Vertis Infrastructure Trust's business is giving mixed signals. Growth has been steadily positive, but ROCE at 11.0% is below the 15% level needed to call it steady growth. This is based on 10 quarters of 3 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.
Growth year by year: revenue +79.5% in FY26, profit +21.1%
- Revenue growth 79.5%
| Quarter | Revenue growth |
|---|---|
| FY22 | – |
| FY23 | 230% |
| FY24 | 224.6% |
| FY25 | 4.5% |
| FY26 | 79.5% |
Profit growth, EPS growth
- Profit growth 21.1%
- EPS growth 34.8%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY22 | – | – |
| FY23 | −24.4% | – |
| FY24 | −300% | −300% |
| FY25 | – | – |
| FY26 | 21.1% | 34.8% |
Three growth lines over twelve quarters: revenue accelerating
- Revenue 62.2%
| Quarter | Revenue |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | 258.1% |
| Dec 2024 | 228.6% |
| Mar 2025 | 11.8% |
| Jun 2025 | 11.1% |
| Sep 2025 | 15.3% |
| Dec 2025 | 25% |
| Mar 2026 | 74.4% |
| Jun 2026 | 62.2% |
Profit, EPS
- Profit 163.1%
- EPS 19%
| Quarter | Profit | EPS |
|---|---|---|
| Sep 2023 | – | – |
| Dec 2023 | −16.3% | – |
| Mar 2024 | −300% | – |
| Jun 2024 | 70.7% | – |
| Sep 2024 | 252.3% | −115.5% |
| Dec 2024 | 185.4% | −107% |
| Mar 2025 | – | – |
| Jun 2025 | 31.3% | – |
| Sep 2025 | 21.3% | – |
| Dec 2025 | −5.1% | – |
| Mar 2026 | 32.9% | −14.8% |
| Jun 2026 | 163.1% | 19% |
ROCE: the return line, yearly figures
- ROCE 11%
| Quarter | ROCE |
|---|---|
| FY23 | 14% |
| FY24 | 12% |
| FY25 | 10% |
| FY26 | 11% |
Why it matters: when the lines disagree, each line above matters more than any single label.
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.
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.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +79.5% | +82.6% | — | — |
| Profit | +21.1% | +168.8% | — | — |
| EPS | +34.8% | +72.1% | — | — |
| Share price | +8.5% | — | — | — |
How much does Vertis Infrastructure Trust earn on its capital?
Vertis Infrastructure Trust earned a ROCE of 11% in FY26. That is up from a low of 10% in FY25. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 17.3% net margin and 0.19× 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 17.3% net margin × 0.19× asset turnover × 3.11× leverage (assets divided by equity) ≈ 10.2% on equity. The margin does most of the work; borrowing is a big part of it.
FY26: ROCE 11%, the climb back from FY25's 10%
- ROCE 11%
- Cost of capital 12%
| Quarter | ROCE | Cost of capital |
|---|---|---|
| FY23 | 14% | 12% |
| FY24 | 12% | 12% |
| FY25 | 10% | 12% |
| FY26 | 11% | 12% |
Does Vertis Infrastructure Trust have too much debt?
Vertis Infrastructure Trust had ₹11,574 Cr of borrowings against ₹6,417 Cr of equity in FY26, so its debt is 1.80× its equity. Its operating profit is 3 times its interest bill. Over 4 years borrowings went from ₹2,327 Cr to ₹11,574 Cr. Over the last 3 of those years it spent ₹11,680 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.
FY26: borrowings ₹11,574 Cr, 1.80× equity, how debt has moved
- Borrowings ₹11,574
| Quarter | Borrowings |
|---|---|
| FY22 | ₹2,327 |
| FY23 | ₹1,477 |
| FY24 | ₹4,126 |
| FY25 | ₹4,933 |
| FY26 | ₹11,574 |
Debt-to-equity
- Debt-to-equity 1.80×
| Quarter | Debt-to-equity |
|---|---|
| FY22 | 59.7× |
| FY23 | 3.37× |
| FY24 | 1.59× |
| FY25 | 0.65× |
| FY26 | 1.80× |
What is the Vertis Infrastructure Trust shareholding pattern?
Only one quarter of Vertis Infrastructure 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.
How far is Vertis Infrastructure Trust from balance-sheet trouble?
For Vertis Infrastructure 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.
How does Vertis Infrastructure Trust rank in its industry?
56.3 out of 100, rank 2 of 12 in Infra/Real Estate Investment Trust, with 52% of the evidence available.
Vertis Infrastructure Trust scores 56.3 out of 100 against the 12 companies it is compared with in Infra/Real Estate Investment Trust, ranking 2. Some evidence is missing, so the score is pulled toward the middle on purpose.
The four parts add up to the total exactly: 24.3 + 14.1 + 5.5 + 12.4 = 56.3. 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.
Which companies is Vertis Infrastructure Trust compared with?
Vertis Infrastructure Trust ranks 2 of 12 Infra/Real Estate Investment Trust companies on the 4-Factor Sector Score, with 56.3 out of 100.
- 1Anantam Highways TrustANANTAM · losing its lead · Too little evidence to rank firmly · 54% evidence63.0out of 100
How the score adds up
Growth & earnings 22.1/35 · Income — · Profit — · 26% evidenceCapital efficiency 19.1/25 · ROA 9.4% · ROE 16.8% · GNPA — · 68% evidenceValuation 16.8/20 · P/BV 0.96× · P/BV÷ROE 0.06 · 70% evidenceRelative strength 5.0/20 · Lead over its industry -6.5% · Lead over NIFTY 500 1.7% · 1 year -3.2% · 70% evidence · 4 of 12 weeks aheadExact sum: 22.1 + 19.1 + 16.8 + 5 = 63 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 2Vertis Infrastructure Trust this pageVERTIS · breaking out · Too little evidence to rank firmly · 52% evidence56.3out of 100
How the score adds up
Growth & earnings 24.3/35 · Income 62.2% · Profit 51.5% · 45% evidenceCapital efficiency 14.1/25 · ROA — · ROE 9.5% · GNPA — · 34% evidenceValuation 5.5/20 · P/BV 2.71× · P/BV÷ROE 0.28 · 70% evidenceRelative strength 12.4/20 · Lead over its industry 0.8% · Lead over NIFTY 500 9.6% · 1 year 8.5% · 70% evidence · 9 of 12 weeks aheadExact sum: 24.3 + 14.1 + 5.5 + 12.4 = 56.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 3Indus Infra TrustINDUSINVIT · leader · Evidence leans down · 69% evidence42.1out of 100
How the score adds up
Growth & earnings 9.7/35 · Income -3.5% · Profit -20.6% · 52% evidenceCapital efficiency 15.3/25 · ROA 3.9% · ROE 7.9% · GNPA — · 68% evidenceValuation 8.6/20 · P/BV 1.21× · P/BV÷ROE 0.15 · 70% evidenceRelative strength 8.5/20 · Lead over its industry -0.4% · Lead over NIFTY 500 8.2% · 1 year 8.1% · 100% evidence · 6 of 12 weeks aheadExact sum: 9.7 + 15.3 + 8.6 + 8.5 = 42.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 4Knowledge Realty TrustKRT · quiet · Too little evidence to rank firmly · 36% evidence54.8out of 100
How the score adds up
Growth & earnings 17.5/35 · Income — · Profit — · 0% evidenceCapital efficiency 14.4/25 · ROA 2.6% · ROE 10.6% · GNPA — · 68% evidenceValuation 15.0/20 · P/BV 1.07× · P/BV÷ROE 0.1 · 70% evidenceRelative strength 7.9/20 · Lead over its industry — · Lead over NIFTY 500 -2.5% · 1 year -5.4% · 25% evidence · 1 of 12 weeks aheadExact sum: 17.5 + 14.4 + 15 + 7.9 = 54.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 5Capital Infra TrustCAPINVIT · leader · Too little evidence to rank firmly · 36% evidence53.8out of 100
How the score adds up
Growth & earnings 17.5/35 · Income — · Profit — · 0% evidenceCapital efficiency 15.2/25 · ROA 4.3% · ROE 7.2% · GNPA — · 68% evidenceValuation 8.6/20 · P/BV 1.12× · P/BV÷ROE 0.16 · 70% evidenceRelative strength 12.5/20 · Lead over its industry — · Lead over NIFTY 500 12.3% · 1 year 3.1% · 25% evidence · 12 of 12 weeks aheadExact sum: 17.5 + 15.2 + 8.6 + 12.5 = 53.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 6Maple Infrastructure TrustToo little evidence to rank firmly · 27% evidence50.9out of 100
How the score adds up
Growth & earnings 26.6/43.75 · Income 100% · Profit -72.5% · 22% evidenceCapital efficiency 12.8/31.25 · ROA 3.8% · ROE -3.1% · GNPA — · 68% evidenceValuation 11.5/25 · P/BV 1.8× · P/BV÷ROE — · 10% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 26.6 + 12.8 + 11.5 = 50.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 7RaajMarg Infra Investment TrustRIIT · breaking out · Too little evidence to rank firmly · 11% evidence46.4out of 100
How the score adds up
Growth & earnings 21.9/43.75 · Income — · Profit — · 0% evidenceCapital efficiency 12.3/31.25 · ROA — · ROE 0% · GNPA — · 34% evidenceValuation 12.2/25 · P/BV 1.21× · P/BV÷ROE — · 10% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 21.9 + 12.3 + 12.2 = 46.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 8Roadstar Infra Investment TrustROADSTAR · Too little evidence to rank firmly · 17% evidence45.1out of 100
How the score adds up
Growth & earnings 22.0/43.75 · Income 9.4% · Profit 19.1% · 19% evidenceCapital efficiency 10.8/31.25 · ROA — · ROE -5.6% · GNPA — · 34% evidenceValuation 12.3/25 · P/BV 0.71× · P/BV÷ROE — · 10% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 22 + 10.8 + 12.3 = 45.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 9Citius Transnet Investment TrustCITIUSINVT · breaking out · Too little evidence to rank firmly · 13% evidence42.6out of 100
How the score adds up
Growth & earnings 20.3/43.75 · Income — · Profit — · 7% evidenceCapital efficiency 9.8/31.25 · ROA 0% · ROE — · GNPA — · 42% evidenceValuation 12.5/25 · P/BV — · P/BV÷ROE — · 0% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 20.3 + 9.8 + 12.5 = 42.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 10TVS Infrastructure TrustTVSINVIT · Too little evidence to rank firmly · 23% evidence41.0out of 100
How the score adds up
Growth & earnings 21.9/43.75 · Income — · Profit — · 0% evidenceCapital efficiency 14.8/31.25 · ROA — · ROE 1.8% · GNPA — · 34% evidenceValuation 4.3/25 · P/BV 1.27× · P/BV÷ROE 0.71 · 70% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 21.9 + 14.8 + 4.3 = 41 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. - 11Bagmane Prime Office REITBAGMANE · breaking out · Too little evidence to rank firmly · 22% evidence38.7out of 100
- 12Nxt-Infra TrustNXT-INFRA · Too little evidence to rank firmly · 38% evidence33.5out 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: Infra/Real Estate Investment Trust, all 12 compared on one page.
Which companies are close to Vertis Infrastructure Trust in size?
Vertis Infrastructure Trust is the 3rd largest of 11 Infra/Real Estate Investment Trust companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Knowledge Realty Trust and Bagmane Prime Office REIT. Just below it: Maple Infrastructure Trust, Indus Infra Trust, Citius Transnet Investment Trust and Nxt-Infra Trust.
Infra/Real Estate Investment Trust companies close in size
- Knowledge Realty Trust ₹48,468 crore
- Bagmane Prime Office REIT ₹35,901 crore
- Vertis Infrastructure Trust ₹17,365 crore
- Maple Infrastructure Trust ₹9,981 crore
- Indus Infra Trust ₹8,149 crore
- Citius Transnet Investment Trust ₹6,864 crore
- Nxt-Infra Trust ₹5,272 crore
All 11 Infra/Real Estate Investment Trust companies, largest first
Companies close in size in other industries
- Kajaria Ceramics Ltd ₹17,430 crore · Ceramics/Tiles/Sanitaryware
- Tenneco Clean Air India Ltd ₹17,424 crore · Auto Ancillaries - Others
- Vertis Infrastructure Trust ₹17,365 crore
- Brigade Enterprises Ltd ₹17,199 crore · Realty - National
- International Gemological Institute Limited ₹17,189 crore · Lab Grown Diamonds
What else do people ask about Vertis Infrastructure Trust?
What were Vertis Infrastructure Trust's latest quarterly results?
Vertis Infrastructure Trust reported revenue of ₹1,053 Cr and net profit of ₹342 Cr for the Jun 2026 quarter. Revenue rose 26.9% and profit rose 163.1% compared with a year earlier. Earnings per share were ₹2.03.
The operating margin was 81.0%, 3.0 percentage points higher than a year earlier (as of 2 November 2026).
What is Vertis Infrastructure Trust's market cap?
Vertis Infrastructure Trust's market capitalisation is ₹17,365 Cr at a share price of ₹115.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 2 November 2026).
How is Vertis Infrastructure Trust performing?
Vertis Infrastructure Trust's share price has been rising for 58 weeks. In its latest quarter, revenue rose 26.9% and profit rose 163.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 13 weeks running (as of 2 November 2026).
Will Vertis Infrastructure Trust's share price go up?
This page does not forecast Vertis Infrastructure Trust's share price. What it shows instead: the share price is ₹115.00, and it has been rising for 58 weeks. Its P/E of 19.9× is higher than 13% of its own last 1 years (as of 2 November 2026).
Where is Vertis Infrastructure Trust in its business cycle?
Vertis Infrastructure Trust's FY26 operating margin was 73.0%, against a 5-year range of 42.0% to 78.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 81.0%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 2 November 2026).
What could break the Vertis Infrastructure Trust story?
The main question: yearly earnings per share moved +34.8% while the share price moved +8.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 2 November 2026).
Is Vertis Infrastructure Trust a stock worth studying right now?
What the numbers show: Vertis Infrastructure Trust's results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 13% of past readings. The main open question: whether the price catches up with earnings that have already grown.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 2 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 2 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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