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    National High

    NHAI-sponsored InvIT that owns and tolls a 2,345 km portfolio of national highway stretches across 11 Indian states.

    Services
    Services
    ₹168.5
    +2.81% from avg

    Overview

    Price

    ₹168.5

    Market Cap

    ₹33.1k Cr

    Sector

    Services

    Services

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital06.0k7.4k14.7k23.0k22.9k26.0k
    Reserves-168-25-275-998-1.4k-2.2k
    Borrowings01.5k2.9k11.7k21.7k21.7k25.0k
    Other Liabilities1211591.3k1.4k2.0k2.1k
    Total Liabilities07.5k10.5k27.4k45.0k45.2k51.0k
    AssetsFixed Assets07.4k10.1k11.0k26.2k43.8k43.0k
    CWIP0000110
    Investments0000000
    Other Assets010837516.4k18.8k1.5k8.0k
    Total Assets07.5k10.5k27.4k45.0k45.2k51.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating0-7.2k6248052.1k3.8k
    Cash from Investing0-25-2.9k-15.8k-18.3k-6.6k
    Cash from Financing07.3k2.4k15.3k16.2k2.9k
    SummaryCapital Expenditure
    Free Cash Flow0-7.2k-2.2k-15.0k-16.2k-2.8k
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    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.

    NHIT · CAPITAL_INTENSIVE

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