Stock INDIGRID INDIA GRID TRUST
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Financials India Grid Trust

Equities

INDIGRID

INE219X23014

Electric Utilities

Delayed Bombay S.E.
Other stock markets
 10:13:05 03/05/2024 am IST 		5-day change 1st Jan Change
137.9 INR +0.37% Intraday chart for India Grid Trust +0.83% +6.37%
23/02 India Grid Trust completed the acquisition of Renew Solar Urja Private Limited from ReNew Energy Global Plc for enterprise value of approximately $190 million (INR 15.5 billion). CI
29/01 India Grid Trust to Seek Acquisitions CI

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 23,201 52,053 81,828 1,03,381 93,831 1,03,430 - -
Enterprise Value (EV) 1 47,696 52,053 81,828 1,03,381 93,831 1,03,430 1,03,430 1,03,430
P/E ratio - 9.77 x 24.5 x 29.4 x 20.6 x 21.8 x 21.8 x 22.5 x
Yield 14.7% 13.5% 8.7% 8.64% 9.96% 14% 14% 13.9%
Capitalization / Revenue 3.48 x 4.07 x 4.88 x 4.65 x 4.02 x 3.63 x 3.43 x 3.43 x
EV / Revenue 3.48 x 4.07 x 4.88 x 4.65 x 4.02 x 3.63 x 3.43 x 3.43 x
EV / EBITDA 3.84 x 4.55 x 5.69 x 5.15 x 4.49 x 4.17 x 3.92 x 3.92 x
EV / FCF - -1.09 x -2.14 x 10.6 x 37.1 x 3.21 x 3.94 x 3.91 x
FCF Yield - -92% -46.6% 9.44% 2.7% 31.1% 25.4% 25.6%
Price to Book 0.87 x 1.03 x - 1.89 x - - - -
Nbr of stocks (in thousands) 2,83,800 5,83,483 5,83,483 7,00,178 7,00,178 7,52,878 - -
Reference price 2 81.75 89.21 140.2 147.6 134.0 137.4 137.4 137.4
Announcement Date 24/04/19 27/05/20 27/05/21 28/06/22 12/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,668 12,786 16,769 22,222 23,318 28,503 30,111 30,148
EBITDA 1 6,036 11,438 14,377 20,078 20,893 24,791 26,393 26,392
EBIT 4,298 8,696 10,073 13,424 13,852 - - -
Operating Margin 64.46% 68.01% 60.07% 60.41% 59.4% - - -
Earnings before Tax (EBT) 1 1,546 5,000 3,420 3,493 4,688 4,610 4,613 4,458
Net income 1 1,539 5,057 3,337 3,484 4,556 4,425 4,442 4,283
Net margin 23.08% 39.55% 19.9% 15.68% 19.54% 15.52% 14.75% 14.21%
EPS 2 - 9.130 5.720 5.030 6.510 6.300 6.300 6.100
Free Cash Flow 1 - -47,907 -38,160 9,756 2,529 32,176 26,230 26,479
FCF margin - -374.69% -227.56% 43.9% 10.85% 112.89% 87.11% 87.83%
FCF Conversion (EBITDA) - - - 48.59% 12.11% 129.79% 99.38% 100.33%
FCF Conversion (Net income) - - - 280.03% 55.52% 727.14% 590.5% 618.23%
Dividend per Share 2 12.00 12.00 12.20 12.75 13.35 19.20 19.20 19.10
Announcement Date 24/04/19 27/05/20 27/05/21 28/06/22 12/05/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 24,495 - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 4.058 x - - - - - - -
Free Cash Flow 1 - -47,907 -38,160 9,756 2,529 32,176 26,230 26,479
ROE (net income / shareholders' equity) 7.2% 11.9% 7.21% 6.9% 8.55% 9.6% 12% 15.4%
ROA (Net income/ Total Assets) - 5.37% - - - - - -
Assets 1 - 94,203 - - - - - -
Book Value Per Share 94.30 86.50 - 78.20 - - - -
Cash Flow per Share - - - - - - - -
Capex 1 2,252 59,156 54,956 11,050 17,827 - - -
Capex / Sales 33.77% 462.67% 327.72% 49.73% 76.45% - - -
Announcement Date 24/04/19 27/05/20 27/05/21 28/06/22 12/05/23 - - -
1INR in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for India Grid Trust

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
137.4 INR
Average target price
140 INR
Spread / Average Target
+1.91%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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