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India Grid Trust

  • Market Cap: Mid Cap
  • Industry: Finance/NBFC
  • ISIN: INE219X23014
  • NSEID: INDIGRID
  • BSEID: 540565
INR
142.80
-0.05 (-0.04%)
BSENSE

Apr 11

BSE+NSE Vol: 1.2 lacs

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

142.70143.20

52 Week

130.40152.00
Valuation
Technical
Day's Volume

CASH

1.2 lacs (-65.07%) Volume

Shareholding (Dec 2024)

FII

67.17%

Held by 0 FIIs

DII

-17.50%

Held by 44 DIIs

Promoter

1.20%

Is IndiGrid Trust technically bullish or bearish?

28-Apr-2025

IndiGrid Trust currently has a mildly bearish technical outlook, with recent price declines and bearish signals from indicators like the MACD and KST. However, there are mixed signals, as some indicators suggest bullish trends in the longer term.

IndiGrid Trust is currently exhibiting a mildly bearish technical outlook. The stock price has recently decreased to 140.71, down from 142.49, and technical indicators such as the weekly MACD and moving averages suggest a bearish trend. While the monthly MACD shows a mildly bearish stance, there are mixed signals with the Bollinger Bands indicating a bearish trend weekly but a bullish one monthly. <BR><BR>The KST also reflects a bearish trend weekly, although it is bullish monthly. Additionally, the On-Balance Volume (OBV) indicates a mildly bullish sentiment in both weekly and monthly assessments. Overall, the combination of these indicators points towards a bearish sentiment in the short term, despite some mixed signals in the longer term.

Read More

Are IndiGrid Trust latest results good or bad?

28-Apr-2025

IndiGrid Trust's latest results show strong year-on-year growth, with net sales up 24.24% and significant increases in operating cash flow and profits. However, the recent quarterly performance indicates declines in net sales and profit compared to the previous quarter, leading to a cautious 'Hold' recommendation from MarketsMOJO.

The latest results for India Grid Trust indicate a mixed performance. While there are positive highlights in the overall financials for the first half of the fiscal year 2024-2025, the quarterly results for September 2024 show some declines compared to the previous quarter.<BR><BR>Key positive aspects include:<BR>- A year-on-year increase in net sales by 24.24%, reaching Rs 1,701.32 crore.<BR>- The highest operating cash flow recorded in the last three years at Rs 2,664.81 crore.<BR>- A quarterly Profit Before Tax (PBT) growth of 25.0%, amounting to Rs 99.40 crore, and a Profit After Tax (PAT) growth of 21.3%, reaching Rs 95.63 crore.<BR><BR>However, the quarter-on-quarter results show a decline:<BR>- Net sales decreased by 3.44% compared to the previous quarter.<BR>- Consolidated net profit fell by 28.72% from the previous quarter.<BR><BR>Overall, while the long-term trends appear positive, the recent quarterly performance reflects some challenges. The 'Hold' call from MarketsMOJO suggests a cautious approach moving forward. Thus, the results can be characterized as good in terms of year-on-year growth but concerning when looking at the most recent quarter's performance.

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Should I buy, sell or hold IndiGrid Trust?

28-Apr-2025

It is advisable to hold your position in IndiGrid Trust due to strong long-term growth potential and a high dividend yield of 9.4%, despite recent sideways price trends and declining promoter confidence.

Based on the current analysis of IndiGrid Trust, it would be advisable to hold your position in the company. The fundamentals demonstrate strong long-term growth potential, with operating profits growing at a compound annual growth rate (CAGR) of 19.14% and net sales increasing at an annual rate of 23.10%. Recent results have also shown positive trends, including a significant growth in profit after tax and operating cash flow.<BR><BR>However, the technical trend is currently sideways, indicating a lack of clear price momentum, which suggests that there may not be an immediate opportunity for significant gains. Additionally, while the stock has generated a return of 8.12% over the past year, it has faced a decline in profits.<BR><BR>It's also important to note that promoter confidence appears to be waning, as there has been a reduction in their stake in the company. This could be a red flag for some investors.<BR><BR>Overall, given the strong fundamentals and high dividend yield of 9.4%, holding your investment seems to be the most prudent approach at this time.

Read More
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Stock is technically in a Mildly Bearish range

  • The technical trend has deteriorated from Mildly Bullish on 28-Mar-25 and has generated 1.68% returns since then
  • The stocks MACD and KST technical factors are also Bearish
2

Reducing Promoter Confidence

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Finance/NBFC

stock-summary
Market cap

INR 11,951 Cr (Mid Cap)

stock-summary
P/E

32.00

stock-summary
Industry P/E

20

stock-summary
Dividend Yield

9.67%

stock-summary
Debt Equity

3.65

stock-summary
Return on Equity

6.59%

stock-summary
Price to Book

2.26

Revenue and Profits (1 Year):
Net Sales:
836 Cr
(Quarterly Results - Sep 2024)
Net Profit:
96 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (9.67%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-1.79%
0%
-1.79%
6 Months
-2.19%
2.85%
0.66%
1 Year
9.18%
10.42%
19.6%
2 Years
5.25%
18.71%
23.96%
3 Years
-3.68%
26.63%
22.95%
4 Years
11.56%
38.52%
50.08%
5 Years
60.45%
61.24%
121.69%

Latest dividend: 4.0929 per share ex-dividend date: Jan-28-2025

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
23.10%
EBIT Growth (5y)
19.14%
Net Debt to Equity (avg)
0
Institutional Holding
49.67%
ROE (avg)
6.79%
Valuation key factors
Factor
Value
P/E Ratio
32
Industry P/E
20
Price to Book Value
2.26
EV to EBIT
16.07
EV to EBITDA
10.16
EV to Capital Employed
1.29
EV to Sales
9.01
PEG Ratio
NA
Dividend Yield
9.67%
ROCE (Latest)
5.99%
ROE (Latest)
6.59%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

FIIs

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes (2.97%)

FIIs

Held by 0 FIIs (67.17%)

Promoter with highest holding

Sterliter Power Transmission Limited (0.0%)

Highest Public shareholder

None

Individual Investors Holdings

26.47%

stock-summaryFinancial
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2024 is -3.44% vs 6.39% in Jun 2024",
        "dir": -1
      },
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        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2024 is -28.72% vs 140.99% in Jun 2024",
        "dir": -1
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      "header": [
        "Sep'24",
        "Jun'24",
        "Change(%)"
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          "val2": "865.54",
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          "chgp_class": "negative"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "759.08",
          "val2": "789.02",
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        {
          "field": "Interest",
          "val1": "383.78",
          "val2": "377.47",
          "chgp": "1.67%",
          "chgp_class": "negative"
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        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Consolidate Net Profit",
          "val1": "95.63",
          "val2": "134.16",
          "chgp": "-28.72%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "90.82%",
          "val2": "91.16%",
          "chgp": "-0.34%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 24.24% vs 17.29% in Sep 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 63.87% vs -30.98% in Sep 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,701.31",
          "val2": "1,369.33",
          "chgp": "24.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,548.08",
          "val2": "1,165.02",
          "chgp": "32.88%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "761.26",
          "val2": "605.17",
          "chgp": "25.79%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "229.79",
          "val2": "140.23",
          "chgp": "63.87%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "90.99%",
          "val2": "85.08%",
          "chgp": "5.91%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'23",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2023 is 21.28% vs 4.48% in Dec 2022",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2023 is -28.36% vs 27.19% in Dec 2022",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'23",
        "Dec'22",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,152.09",
          "val2": "1,774.51",
          "chgp": "21.28%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,868.55",
          "val2": "1,610.17",
          "chgp": "16.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "955.45",
          "val2": "758.06",
          "chgp": "26.04%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "229.70",
          "val2": "320.61",
          "chgp": "-28.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "86.82%",
          "val2": "90.74%",
          "chgp": "-3.92%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 23.97% vs 5.98% in Mar 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -37.36% vs 30.76% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
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          "val2": "2,392.20",
          "chgp": "23.97%",
          "chgp_class": "positive"
        },
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "val2": "2,161.72",
          "chgp": "17.51%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1,307.65",
          "val2": "1,010.89",
          "chgp": "29.36%",
          "chgp_class": "negative"
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        {
          "field": "Exceptional Items",
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          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Consolidate Net Profit",
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          "val2": "455.57",
          "chgp": "-37.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "85.66%",
          "val2": "90.37%",
          "chgp": "-4.71%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Sep'24 - QoQstock-summary
Sep'24
Jun'24
Change(%)
Net Sales
835.78
865.54
-3.44%
Operating Profit (PBDIT) excl Other Income
759.08
789.02
-3.79%
Interest
383.78
377.47
1.67%
Exceptional Items
0.00
0.00
Consolidate Net Profit
95.63
134.16
-28.72%
Operating Profit Margin (Excl OI)
90.82%
91.16%
-0.34%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2024 is -3.44% vs 6.39% in Jun 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Sep 2024 is -28.72% vs 140.99% in Jun 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
1,701.31
1,369.33
24.24%
Operating Profit (PBDIT) excl Other Income
1,548.08
1,165.02
32.88%
Interest
761.26
605.17
25.79%
Exceptional Items
0.00
0.00
Consolidate Net Profit
229.79
140.23
63.87%
Operating Profit Margin (Excl OI)
90.99%
85.08%
5.91%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 24.24% vs 17.29% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is 63.87% vs -30.98% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'23stock-summary
Dec'23
Dec'22
Change(%)
Net Sales
2,152.09
1,774.51
21.28%
Operating Profit (PBDIT) excl Other Income
1,868.55
1,610.17
16.05%
Interest
955.45
758.06
26.04%
Exceptional Items
0.00
0.00
Consolidate Net Profit
229.70
320.61
-28.36%
Operating Profit Margin (Excl OI)
86.82%
90.74%
-3.92%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2023 is 21.28% vs 4.48% in Dec 2022

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2023 is -28.36% vs 27.19% in Dec 2022

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
2,965.57
2,392.20
23.97%
Operating Profit (PBDIT) excl Other Income
2,540.25
2,161.72
17.51%
Interest
1,307.65
1,010.89
29.36%
Exceptional Items
0.00
0.00
Consolidate Net Profit
285.37
455.57
-37.36%
Operating Profit Margin (Excl OI)
85.66%
90.37%
-4.71%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 23.97% vs 5.98% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is -37.36% vs 30.76% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About India Grid Trust stock-summary
stock-summary
India Grid Trust
Mid Cap
Finance/NBFC
India Grid Trust is an irrevocable trust settled by Sterlite Power Grid Ventures Limited (the Sponsor) on October 21, 2016 pursuant to the Trust Deed under the Indian Trusts Act, 1882 and registered with Securities Exchange Board of India (SEBI) under the SEBI (Infrastructure Investment Trust) Regulations, 2014 as an Infrastructure Investment Trust on November 28, 2016. The Trustee of IndiGrid is Axis Trustee Services Limited (the Trustee).
Company Coordinates stock-summary
Company Details
Maker Maxity 5 North Avenue, Level 5 Bandra Kurla Complex Mumbai Maharashtra : 400051
stock-summary
Tel: 91-22-49962200
stock-summary
http://www.indigrid.co.in
stock-summary
complianceofficer@indigrid.co.in
Registrar Details
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