NDRINVIT
NDR INVIT Trust share price & financials
- Price
- ₹144
- Market cap
- ₹6.6k Cr
- Sector
- Services
What NDR INVIT Trust does
NDR InvIT Trust is an Infrastructure Investment Trust, sponsored by N D R Ware Housing Private Limited, that owns and leases a portfolio of warehouses and industrial parks to logistics, e-commerce, auto, FMCG, retail and other manufacturing/consumption-hub tenants across India. It earns rental income under Built-to-Suit and lease arrangements, with the underlying assets held through a group of special-purpose vehicles (SPVs). The Trust is managed by NDR InvIT Managers Private Limited as Investment Manager and NDR Asset Management Private Limited as Project Manager, and its sponsor group has multi-generational experience in warehousing, bonded warehousing, container freight stations and 3PL. Beyond its operating portfolio, the sponsor has granted the Trust a Right of First Offer (ROFO) over a further pipeline of warehousing assets across additional Indian cities.
Segments
- Warehousing & Industrial Park Leasing
- Portfolio area (AUM)
- 22.17 million sq. ft.
- Warehouses operated
- 70+
- Industrial parks
- 40
- Client base
- 100+ clients
- City locations
- 17 (across North, East, West and South zones)
- Underlying SPVs
- 28 (27 wholly-owned, 1 held 74%)
Quarterly results
Q1 FY27: revenue up 21.6%, net profit down 5.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 75 | 79 | 95 | 102 | 104 +39% | 106 +34% | 109 +15% | 124 +22% |
| EBITDA | 65 | 70 | 82 | 88 | 91 +40% | 93 +33% | 94 +15% | 111 +26% |
| Net profit | 27 | 37 | 33 | 38 | 37 +37% | 33 −11% | 6 −82% | 36 −5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +28.6% 1Y
1Y: ₹112.75 on 18 Aug 2025 → ₹145. High ₹145.9 (20 Jul 2026), low ₹112 (17 Sept 2025).
Financials, as filed
Revenue grew 29.9% a year over 1 year, FY25 to FY26. Operating margin held at 86.9%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹324 Cr | ₹421 Cr |
| Operating profit | ₹282 Cr | ₹366 Cr |
| Operating margin | 87.0% | 86.9% |
| Interest | ₹61 Cr | ₹131 Cr |
| Depreciation | ₹65 Cr | ₹81 Cr |
| Net profit | ₹136 Cr | ₹114 Cr |
| Net margin | 42.0% | 27.1% |
| Cash from operations | ₹294 Cr | ₹531 Cr |
| Free cash flow | ₹214 Cr | ₹431 Cr |
| ROCE | 5.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹130 Cr | ₹127 Cr | ₹3.8k Cr | ₹3.7k Cr | ₹3.9k Cr |
| Reserves | ₹16 Cr | ₹55 Cr | ₹18 Cr | ₹82 Cr | ₹-141 Cr |
| Borrowings | ₹1.1k Cr | ₹1.4k Cr | ₹448 Cr | ₹1.5k Cr | ₹2.2k Cr |
| Other liabilities | ₹259 Cr | ₹329 Cr | ₹252 Cr | ₹275 Cr | ₹504 Cr |
| Total liabilities | ₹1.5k Cr | ₹1.9k Cr | ₹4.5k Cr | ₹5.5k Cr | ₹6.4k Cr |
| Fixed assets | ₹906 Cr | ₹1.2k Cr | ₹3.9k Cr | ₹4.9k Cr | ₹5.5k Cr |
| Capital work in progress | ₹157 Cr | ₹287 Cr | ₹233 Cr | ₹27 Cr | ₹95 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹219 Cr | ₹11 Cr |
| Other assets | ₹397 Cr | ₹380 Cr | ₹448 Cr | ₹386 Cr | ₹788 Cr |
| Total assets | ₹1.5k Cr | ₹1.9k Cr | ₹4.5k Cr | ₹5.5k Cr | ₹6.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Learn to analyse NDR INVIT Trust
Guides on how to read this kind of business and the numbers that matter.