First listed HAM-focused InvIT; owns 13 NHAI highway annuity assets across 8 states, ~838 km.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 178 | 188 | 188 | 0 | 4.4k | 4.4k | 4.3k | 4.2k |
| Reserves | 190 | 340 | 403 | 0 | 580 | 541 | 507 | 531 |
| Borrowings | 2.3k | 3.7k | 4.7k | 3 | 1.1k | 2.1k | 2.2k | 4.6k |
| Other Liabilities | 924 | 706 | 267 | 5 | 165 | 59 | 63 | 225 |
| Total Liabilities | 3.6k | 4.9k | 5.5k | 8 | 6.3k | 7.1k | 7.1k | 9.6k |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 67 | 457 | 638 | 145 |
| Other Assets | 3.6k | 4.9k | 5.5k | 8 | 6.2k | 6.7k | 6.5k | 9.4k |
| Total Assets | 3.6k | 4.9k | 5.5k | 8 | 6.3k | 7.1k | 7.1k | 9.6k |
The Earnings Per Share over the last 12 months.
Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).
Pre-filled with the lower of median (11.8×) and current (14.5×) PE — the conservative anchor.
The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.
At 404.6% growth and a 12× exit, ₹125 only delivers your return if you pay ₹4,12,647. The price is currently baking in 22% growth.
EPS grows 404.6%/yr for 5 years, then fades to 6% over 2, exits at 12×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 404.6% | 43.60 |
| FY28 | 404.6% | 219.99 |
| FY29 | 404.6% | 1110.08 |
| FY30 | 404.6% | 5601.48 |
| FY31 | 404.6% | 28265.06 |
| FY32 | 205.3% ·fade | 86293.24 |
| FY33 | 6.0% ·fade | 91470.83 |
Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.
Guides on how to read this kind of business and the numbers that matter.