Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

India Grid Trust

NSEI:INDIGRID
Snowflake Description

Proven track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INDIGRID
NSEI
₹52B
Market Cap
  1. Home
  2. IN
  3. Utilities
Company description

India Grid Trust operates as an infrastructure investment trust that owns inter-state power transmission assets in India. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
  • India Grid Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
INDIGRID Share Price and Events
7 Day Returns
3.7%
NSEI:INDIGRID
4%
IN Electric Utilities
8.9%
IN Market
1 Year Returns
9.1%
NSEI:INDIGRID
-23.5%
IN Electric Utilities
-30.6%
IN Market
INDIGRID Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
India Grid Trust (INDIGRID) 3.7% -9.7% -7.4% 9.1% - -
IN Electric Utilities 4% -17% -24.8% -23.5% -20% -12.3%
IN Market 8.9% -24.8% -29.4% -30.6% -21.5% -10.4%
1 Year Return vs Industry and Market
  • INDIGRID outperformed the Electric Utilities industry which returned -23.5% over the past year.
  • INDIGRID outperformed the Market in India which returned -30.6% over the past year.
Price Volatility
INDIGRID
Industry
5yr Volatility vs Market

INDIGRID Value

 Is India Grid Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of India Grid Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for India Grid Trust.

NSEI:INDIGRID Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in INR ₹ 13.95
Payout Ratio Company Filings (2019-12-31) 15444.3%
Discount Rate (Cost of Equity) See below 12.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:INDIGRID
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.254 (1 + (1- 35%) (99.27%))
0.344
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (0.8 * 7.85%)
12.76%

Discounted Cash Flow Calculation for NSEI:INDIGRID using Dividend Discount Model Model

The calculations below outline how an intrinsic value for India Grid Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:INDIGRID Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹13.95 / (12.76% - 6.48%)
₹88.85
NSEI:INDIGRID Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:INDIGRID represents 1.00269x of BSE:540565
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00269x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 88.37 x 1.00269
₹88.61
Value per share (INR) From above. ₹88.61
Current discount Discount to share price of ₹89.45
= -1 x (₹89.45 - ₹88.61) / ₹88.61
-0.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of India Grid Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for India Grid Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are India Grid Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:INDIGRID PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹9.26
BSE:540565 Share Price ** BSE (2020-03-31) in INR ₹89.21
India Electric Utilities Industry PE Ratio Median Figure of 7 Publicly-Listed Electric Utilities Companies 8.94x
India Market PE Ratio Median Figure of 2,613 Publicly-Listed Companies 9.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of India Grid Trust.

NSEI:INDIGRID PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540565 Share Price ÷ EPS (both in INR)

= 89.21 ÷ 9.26

9.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • India Grid Trust is overvalued based on earnings compared to the IN Electric Utilities industry average.
  • India Grid Trust is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does India Grid Trust's expected growth come at a high price?
Raw Data
NSEI:INDIGRID PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-8.1%per year
India Electric Utilities Industry PEG Ratio Median Figure of 5 Publicly-Listed Electric Utilities Companies 1x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

NSEI:INDIGRID PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.64x ÷ -8.1%

-1.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • India Grid Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on India Grid Trust's assets?
Raw Data
NSEI:INDIGRID PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹94.31
BSE:540565 Share Price * BSE (2020-03-31) in INR ₹89.21
India Electric Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Electric Utilities Companies 0.64x
India Market PB Ratio Median Figure of 3,612 Publicly-Listed Companies 0.62x
NSEI:INDIGRID PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540565 Share Price ÷ Book Value per Share (both in INR)

= 89.21 ÷ 94.31

0.95x

* Primary Listing of India Grid Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • India Grid Trust is overvalued based on assets compared to the IN Electric Utilities industry average.
X
Value checks
We assess India Grid Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. India Grid Trust has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

INDIGRID Future Performance

 How is India Grid Trust expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is India Grid Trust expected to grow at an attractive rate?
  • India Grid Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 6.5%.
Growth vs Market Checks
  • India Grid Trust's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • India Grid Trust's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:INDIGRID Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:INDIGRID Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -8.1%
NSEI:INDIGRID Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 31.7%
India Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 11%
India Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
India Market Earnings Growth Rate Market Cap Weighted Average 19.6%
India Market Revenue Growth Rate Market Cap Weighted Average 8.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:INDIGRID Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:INDIGRID Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 21,804 19,541 3,422 1
2021-03-31 15,985 15,510 4,224 1
2020-03-31
2020-03-31 11,623 10,074 3,891 1
NSEI:INDIGRID Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 11,104 4,437
2019-09-30 9,397 3,633
2019-06-30 7,282 1,370
2019-03-31 6,727 5,800 1,539
2018-12-31 6,513 1,857
2018-09-30 6,067 2,030
2018-06-30 5,719 2,495
2018-03-31 4,526 4,333 2,104

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • India Grid Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • India Grid Trust's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:INDIGRID Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from India Grid Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INDIGRID Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 5.90 5.90 5.90 1.00
2021-03-31 7.20 7.20 7.20 1.00
2020-03-31
2020-03-31 6.70 6.70 6.70 1.00
NSEI:INDIGRID Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 9.26
2019-09-30 12.64
2019-06-30
2019-03-31 5.42
2018-12-31 6.54
2018-09-30 7.15
2018-06-30 8.80
2018-03-31 7.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • India Grid Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess India Grid Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
India Grid Trust has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

INDIGRID Past Performance

  How has India Grid Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare India Grid Trust's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • India Grid Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • India Grid Trust's 1-year earnings growth exceeds its 5-year average (138.9% vs 42.5%)
  • India Grid Trust's earnings growth has exceeded the IN Electric Utilities industry average in the past year (138.9% vs 12.8%).
Earnings and Revenue History
India Grid Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from India Grid Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INDIGRID Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 11,103.54 4,436.61 466.03
2019-09-30 9,396.85 3,633.38 396.11
2019-06-30 7,281.85 1,370.31 334.83
2019-03-31 6,726.97 1,539.14 322.51
2018-12-31 6,513.00 1,857.39 305.63
2018-09-30 6,066.52 2,030.33 271.48
2018-06-30 5,719.05 2,494.81 277.78
2018-03-31 4,526.49 2,103.50 211.90
2016-03-31 3,563.23 -780.33 49.36
2015-03-31 673.73 -466.93 17.93
2014-03-31 274.76 -396.23 11.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • India Grid Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • India Grid Trust used its assets less efficiently than the IN Electric Utilities industry average last year based on Return on Assets.
  • India Grid Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess India Grid Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
India Grid Trust has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

INDIGRID Health

 How is India Grid Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up India Grid Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • India Grid Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • India Grid Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of India Grid Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from India Grid Trust Company Filings, last reported 3 months ago.

NSEI:INDIGRID Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 51,680.75 52,064.77 4,932.91
2019-09-30 51,680.75 52,064.77 4,932.91
2019-06-30 26,766.11 26,130.78 1,699.04
2019-03-31 26,766.11 26,130.78 1,699.04
2018-12-31 27,241.21 25,917.36 1,905.16
2018-09-30 27,577.40 26,051.31 1,988.28
2018-06-30 28,286.00 23,431.00 1,946.00
2018-03-31 28,632.56 24,001.37 1,683.42
2016-03-31 2,354.50 37,852.62 224.27
2015-03-31 3,134.83 33,594.77 548.40
2014-03-31 -58.81 26,110.64 314.61
  • India Grid Trust's level of debt (100.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1348.4% vs 100.7% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess India Grid Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. India Grid Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

INDIGRID Dividends

 What is India Grid Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
13.45%
Current annual income from India Grid Trust dividends. Estimated to be 15.64% next year.
If you bought ₹2,000 of India Grid Trust shares you are expected to receive ₹269 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • India Grid Trust's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.95%).
  • India Grid Trust's dividend is above the markets top 25% of dividend payers in India (4.16%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:INDIGRID Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 5.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.9%
India Minimum Threshold Dividend Yield 10th Percentile 0.5%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:INDIGRID Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 14.10 1.00
2021-03-31 13.80 1.00
2020-03-31
2020-03-31 12.00 1.00
NSEI:INDIGRID Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2020-01-22 12.000 12.521
2019-11-18 12.000 12.442
2019-10-25 12.000 12.706
2019-07-30 12.000 13.306
2019-04-24 12.000 13.843
2019-01-15 12.000 14.272
2018-10-19 12.000 13.657
2018-07-25 12.000 13.088
2018-04-24 12.000 12.428
2018-01-15 11.560 12.267
2017-11-14 11.000 11.664
2017-10-26 11.000 11.459
2017-07-25 11.000 11.448

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, India Grid Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but India Grid Trust only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of India Grid Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.4x coverage).
X
Income/ dividend checks
We assess India Grid Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can India Grid Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. India Grid Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

INDIGRID Management

 What is the CEO of India Grid Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harsh Shah
AGE 36
CEO Bio

Mr. Harsh Dinesh Shah is Chief Executive Officer at India Grid Trust and its whole-time Director. He was Chief Financial Officer of India Grid Trust since November 7, 2016. Mr. Shah serves as Chief Financial Officer of Sterlite Power Transmission Limited. He has approximately 10 years of experience in private equity financing, mergers and acquisitions, infrastructure financing, regulatory and macroeconomic policy issues with a focus on the infrastructure sector. He has been a Non-Executive Director at Bhopal Dhule Transmission Company Ltd since April 24, 2017. He worked with Larsen & Toubro Limited, L&T Infrastructure Finance Company Limited and Procter & Gamble International Operations Pte. Limited. He serves as a Director of Sterlite Investment Managers Limited, Maheshwaram Transmission Limited, Sterlite Grid 1 Limited, Purulia & Kharagpur Transmission Company Limited, RAPP Transmission Company Limited and Jabalpur Transmission Company Limited. He holds a Masters’ degree in Business Administration from the National University of Singapore and a bachelor’s degree in electrical engineering from the Nirma Institute of Technology, Gujarat University.

CEO Compensation
  • Insufficient data for Harsh to compare compensation growth.
  • Insufficient data for Harsh to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team

Harsh Shah

TITLE
CEO & Whole-Time Director
AGE
36

Divya Verma

TITLE
Head of Finance & Compliance

Satish Talmale

TITLE
Chief Operating Officer

Meghana Pandit

TITLE
Head of M&A and Investor Relations
TENURE
0.8 yrs

Swapnil Patil

TITLE
Company Secretary & Compliance Officer
AGE
34

Harshit Gupta

TITLE
Head of Regulatory Affairs

Amitanshu Shrivastava

TITLE
Head of Business acquisitions

Bigyan Parija

TITLE
Chief Design Officer
Board of Directors

Harsh Shah

TITLE
CEO & Whole-Time Director
AGE
36

Tarun Bhagwandass Kataria

TITLE
Independent Director
AGE
61

Shashikant Bhojani

TITLE
Independent Director
AGE
62

Pratik Agarwal

TITLE
Non-Executive Director
AGE
36

Rahul Asthana

TITLE
Non-Executive Independent Director
AGE
66
TENURE
2.3 yrs

Sanjay Nayar

TITLE
Non-Executive Director
AGE
59
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess India Grid Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. India Grid Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

INDIGRID News

Simply Wall St News

Is India Grid Trust (NSE:INDIGRID) A Sell At Its Current PE Ratio?

largely comparable to the 12.51x average multiple of the Electric Utilities? … But can investors make a closing judgement of the company’s value based on this multiple. … The answer is no, since important variables like the company’s potential to grow and debt levels are ignored in the PE’s calculation

Simply Wall St -

Should You Be Holding India Grid Trust (NSE:INDIGRID)?

India Grid Trust (NSE:INDIGRID) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

INDIGRID Company Info

Description

India Grid Trust operates as an infrastructure investment trust that owns inter-state power transmission assets in India. It owns a total circuit length of approximately 4,200 circuit kilometers and 4 substations with 7,735 mega volt ampere capacity in 10 states. The company was founded in 2016 and is based in New Delhi, India.

Details
Name: India Grid Trust
INDIGRID
Exchange: NSEI
Founded: 2016
₹52,449,294,151
583,483,081
Website: http://www.indigrid.co.in
Address: India Grid Trust
F-1, The Mira Corporate Suites,
1 & 2, Ishwar Nagar,
New Delhi,
Delhi, 110065,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540565 Trust Units Mumbai Stock Exchange IN INR 06. Jun 2017
NSEI INDIGRID Trust Units National Stock Exchange of India IN INR 06. Jun 2017
Number of employees
Current staff
Staff numbers
0
India Grid Trust employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 13:25
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/18
Last earnings filing: 2020/01/22
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.