SHREMINVIT
Shrem InvIT share price & financials
- Price
- ₹102
- Market cap
- ₹6.1k Cr
- Sector
- Construction
What Shrem InvIT does
Shrem InvIT is a SEBI-registered Infrastructure Investment Trust that owns and operates a portfolio of national and state highway concessions across India, structured as Hybrid Annuity (HAM), Toll, Annuity, and Toll-cum-Annuity projects. It earns annuity payments from NHAI/state road authorities and toll collections on operational stretches, with day-to-day construction, operation and maintenance handled by its Project Manager (Shrem Road Projects Private Limited) under agreements with each underlying project SPV, while its Investment Manager (Shrem Infra Investment Manager Private Limited) oversees acquisitions, divestments and fund-raising. The Trust has grown its road portfolio from 24 assets at its September 2021 listing to 37 operational assets as of March 2025, adding 3 new acquisitions during FY 2025.
Segments
- National Highway (HAM)
- Toll cum Annuity
- Annuity
- Toll - National Highway
- Toll - State Highway
- Operational road projects
- 37
- Combined network length
- 11,741 lane km
- Indian states covered
- 9
- National Highway (HAM) projects
- 19
- Toll-cum-Annuity projects
- 10
- Annuity-only projects
- 6
Quarterly results
Q1 FY27: revenue down 11.6%, net profit down 26.2% 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 | 277 | 379 | 282 | 267 | 236 −15% | 259 −32% | 231 −18% | 236 −12% |
| EBITDA | 238 | 293 | 220 | 225 | 139 −42% | 205 −30% | 198 −10% | 201 −11% |
| Net profit | 107 | 162 | 102 | 126 | 45 −58% | 114 −30% | 190 +86% | 93 −26% |
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 −5.2% 1Y
1Y: ₹106 on 8 Sept 2025 → ₹100.5. High ₹107 (12 Sept 2025), low ₹91.1 (5 Mar 2026).
Financials, as filed
Revenue fell 10.5% a year over 3 years, FY23 to FY26. Operating margin widened to 77.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.4k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹993 Cr |
| Operating profit | ₹834 Cr | ₹1.0k Cr | ₹960 Cr | ₹767 Cr |
| Operating margin | 60.3% | 86.2% | 80.9% | 77.2% |
| Interest | ₹276 Cr | ₹562 Cr | ₹642 Cr | ₹604 Cr |
| Depreciation | ₹58 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹487 Cr | ₹558 Cr | ₹454 Cr | ₹475 Cr |
| Net margin | 35.2% | 46.2% | 38.3% | 47.8% |
| Cash from operations | ₹534 Cr | ₹1.1k Cr | ₹999 Cr | ₹714 Cr |
| Free cash flow | ₹534 Cr | ₹1.1k Cr | ₹999 Cr | ₹714 Cr |
| ROCE | 3.0% | 9.0% | 8.0% | 7.0% |
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 | ₹3.8k Cr | ₹5.1k Cr | ₹5.1k Cr | ₹4.8k Cr | ₹6.2k Cr |
| Reserves | ₹78 Cr | ₹-72 Cr | ₹-75 Cr | ₹1.5k Cr | ₹-2.3k Cr |
| Borrowings | ₹3.2k Cr | ₹6.1k Cr | ₹7.4k Cr | ₹8.1k Cr | ₹7.6k Cr |
| Other liabilities | ₹0 Cr | ₹17 Cr | ₹3 Cr | ₹1.1k Cr | ₹1 Cr |
| Total liabilities | ₹7.0k Cr | ₹11.1k Cr | ₹12.4k Cr | ₹15.5k Cr | ₹11.5k Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2.5k Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹6.7k Cr | ₹10.4k Cr | ₹11.5k Cr | ₹980 Cr | ₹10.4k Cr |
| Other assets | ₹376 Cr | ₹702 Cr | ₹896 Cr | ₹12.1k Cr | ₹1.1k Cr |
| Total assets | ₹7.0k Cr | ₹11.1k Cr | ₹12.4k Cr | ₹15.5k Cr | ₹11.5k 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 Shrem InvIT
Guides on how to read this kind of business and the numbers that matter.