India's first listed InvIT, owning 10 NHAI highway concessions (~4,445 lane km) across 8 states.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5.4k | 5.3k | 5.1k | 4.9k | 4.9k | 4.7k | 4.7k | 8.9k |
| Reserves | -802 | -959 | -963 | -908 | -947 | -942 | -980 | -698 |
| Borrowings | 1.8k | 1.9k | 1.9k | 3.0k | 3.0k | 3.2k | 6.6k | 9.4k |
| Other Liabilities | 6.2k | 6.0k | 5.9k | 5.5k | 5.6k | 5.3k | 5.2k | 5.4k |
| Total Liabilities | 12.6k | 12.2k | 12.0k | 12.5k | 12.6k | 12.3k | 15.6k | 23.0k |
| AssetsFixed Assets | 12.3k | 11.6k | 11.0k | 10.7k | 10.5k | 10.2k | 10.1k | 18.9k |
| CWIP | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 53 | 159 | 215 | 185 | 138 | 237 | 3.6k | 591 |
| Other Assets | 250 | 450 | 790 | 1.6k | 2.0k | 1.9k | 1.9k | 3.5k |
| Total Assets | 12.6k | 12.2k | 12.0k | 12.5k | 12.6k | 12.3k | 15.6k | 23.0k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 940 | 870 | 929 | 1.0k | 809 | 987 | 961 | 1.3k |
| Cash from Investing | -142 | 112 | -494 | -378 | -284 | -186 | -389 | -9.6k |
| Cash from Financing | -878 | -806 | -581 | -679 | -516 | -784 | -579 | 8.6k |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 844 | 750 | 887 | 1.0k | 161 | 802 | 700 | 1.0k |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
IRBINVIT · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.