Cube Highways
BSE: CUBEINVIT · Road Assets/Toll, Annuity, Hybrid-Annuity
Snapshot
Unlock Cube Highways's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Cube Highways Trust is a SEBI-registered Infrastructure Investment Trust (InvIT) focused on the acquisition and management of road assets in India. The portfolio comprises 27 road assets spanning 2,021 kilometres across 12 states and one union territory.
Vertical mix
- NaN%
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Business Model
The trust generates revenue through a diversified portfolio of toll-based, annuity, and hybrid annuity model (HAM) road projects. It leverages long-term concession agreements with the National Highways Authority of India (NHAI) to provide stable cash flows to unitholders.
- Total Assets:27
- Aggregate Length:2,021 km
- AUM:Rs. 365 billion
- Average Residual Concession:18.2 years
Growth Outlook
Growth is driven by the acquisition of additional operational road assets and the long-term stability provided by the residual concession periods. The trust aims to capitalise on the expansion of India's national highway network.
- Average Operating History:8.8 years
Key Risks
- Regulatory and Policy Risk. Changes in government policies or NHAI regulations regarding toll collection and concession agreements could impact revenue streams.
- Traffic Volume Risk. Fluctuations in traffic volume on toll-based assets directly affect the cash flows generated by the trust.
- Interest Rate Risk. As an InvIT, the trust is sensitive to interest rate fluctuations which may impact the cost of debt and the attractiveness of distribution yields.
- Operational Risk. The maintenance and upkeep of road assets are critical to ensuring safety and compliance with concession requirements.
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Peers · Road Assets/Toll, Annuity, Hybrid-Annuity
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Cube HighwaysCUBEINVIT | 19,623 | — | — | — | 74.0% | — | — | — |
National HighNHIT | 29,730 | — | — | — | 81.0% | — | — | — |
Indus Inf. TrustINDUSINVIT | 5,477 | — | — | — | 71.0% | — | — | — |
IRB InvIT FundIRBINVIT | 4,627 | — | — | 20.5% | 83.0% | 5.7% | — | — |
BF UtilitiesBFUTILITIE | 1,581 | 1069.31 | 321.75 | 1.6% | 38.5% | 1.4% | 3.1% | -25.0% |
InnovisionINNOVISION | 796 | — | — | — | 6.0% | — | — | — |
As of Mar 2026
Financials
Cube Highways
BSE: CUBEINVIT · Road Assets/Toll, Annuity, Hybrid-Annuity
Snapshot
Unlock Cube Highways's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Cube Highways Trust is a SEBI-registered Infrastructure Investment Trust (InvIT) focused on the acquisition and management of road assets in India. The portfolio comprises 27 road assets spanning 2,021 kilometres across 12 states and one union territory.
Vertical mix
- NaN%
- NaN%
Business Model
The trust generates revenue through a diversified portfolio of toll-based, annuity, and hybrid annuity model (HAM) road projects. It leverages long-term concession agreements with the National Highways Authority of India (NHAI) to provide stable cash flows to unitholders.
- Total Assets:27
- Aggregate Length:2,021 km
- AUM:Rs. 365 billion
- Average Residual Concession:18.2 years
Growth Outlook
Growth is driven by the acquisition of additional operational road assets and the long-term stability provided by the residual concession periods. The trust aims to capitalise on the expansion of India's national highway network.
- Average Operating History:8.8 years
Key Risks
- Regulatory and Policy Risk. Changes in government policies or NHAI regulations regarding toll collection and concession agreements could impact revenue streams.
- Traffic Volume Risk. Fluctuations in traffic volume on toll-based assets directly affect the cash flows generated by the trust.
- Interest Rate Risk. As an InvIT, the trust is sensitive to interest rate fluctuations which may impact the cost of debt and the attractiveness of distribution yields.
- Operational Risk. The maintenance and upkeep of road assets are critical to ensuring safety and compliance with concession requirements.
Start your research today
Unlock AI insights, financials, peers and live data on Cube Highways and 5,000+ companies — free.
Peers · Road Assets/Toll, Annuity, Hybrid-Annuity
As of Mar 2026