IndiGrid Trust

NSE: INDIGRID · Power Transmission

Snapshot

Unlock IndiGrid Trust's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

IndiGrid Trust is an infrastructure investment trust (InvIT) that owns and operates a portfolio of inter-state power transmission assets across India. Its infrastructure includes extra high voltage overhead transmission lines spanning multiple states and union territories.

Business Model

The company generates revenue primarily through long-term, availability-based transmission service agreements. It functions as an InvIT, distributing stable cash flows to unitholders derived from the operation of its power transmission projects.

  • Transmission projects:9
  • States covered:18

Growth Outlook

Growth is driven by the acquisition of additional power transmission assets and the expansion of the existing grid infrastructure to meet India's rising energy demand. The trust focuses on maintaining high asset availability to ensure consistent returns.

Key Risks

  • Regulatory Risk. Changes in government regulations or tariff policies regarding power transmission could impact the trust's revenue stability.
  • Operational Risk. The performance of transmission assets is subject to technical failures or natural disasters that could disrupt power flow and availability.
  • Interest Rate Risk. As an InvIT, fluctuations in interest rates may affect the cost of debt and the relative attractiveness of the trust's yield to investors.
  • Counterparty Risk. The trust relies on timely payments from state-owned or private power distribution companies, which may face financial constraints.

Price

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Peers · Power Transmission

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
IndiGrid TrustINDIGRID
18,79664.0%
Power Grid Corporation of India Ltd.POWERGRID
2,78,64616.3910.372.1%83.3%16.8%11.2%-5.5%
Apar Industries Ltd.APARINDS
39,67258.4129.4923.3%8.5%20.7%33.6%+57.6%
Powergrid Infra.PGINVIT
8,190103.0%
Anzen IYEP TrustANZEN
3,19683.0%

As of Mar 2026

Financials