India Grid Trust (INDIGRID) – Share Price & Analysis

Price ₹172.24, Market Cap 17.91K (Cr), P/E 63.06x. Score: 13/100.

Financial Ratios PE Ratio Shareholding Dividend Quarterly Results Financial Statements

India Grid Trust Stock Price Today (NSE: INDIGRID)

India Grid Trust

INDIGRIDPower - Transmission

₹172.24+₹0.79 (+0.46%)

As on 17 Jun 2026, 01:11 pm ISTMarket Closed

Fundamental Score

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India Grid Trust Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Q: What is the current share price of India Grid Trust?

India Grid Trust (INDIGRID) trades at ₹172.24 on NSE and BSE. Market cap ₹17.91K (Cr). Educational data only.

Q: What is the P/E ratio of India Grid Trust?

India Grid Trust has a P/E of 63.06x vs industry average 16.50x.

Q: What is the Bull Run score for India Grid Trust?

India Grid Trust has a Bull Run score of 13/100 based on 25+ financial parameters.

Q: Does India Grid Trust pay dividends?

India Grid Trust has a dividend yield of 6.48%. Past dividends don't guarantee future payments.

Q: What is the ROE of India Grid Trust?

India Grid Trust has ROE of 6.60%. Higher ROE indicates better use of shareholder equity.

Q: What is the debt-to-equity ratio of India Grid Trust?

India Grid Trust has debt-to-equity of 4.78.

Q: Is India Grid Trust a good investment?

Bull Run gives India Grid Trust a score of 13/100. This is not investment advice — consult a SEBI-registered advisor.

India Grid Trust share price today is ₹172.24, up +0.46% on NSE/BSE as of 17 June 2026. India Grid Trust (INDIGRID) is a Mid-cap company in the Power - Transmission sector with a market capitalisation of ₹17.91K (Cr). The 52-week high for INDIGRID share price is ₹N/A and the 52-week low is ₹145.14. At a P/E ratio of 63.06x, INDIGRID is currently trading above its industry average P/E of 16.50x. The company has a Return on Equity (ROE) of 6.60% and a debt-to-equity ratio of 4.78.

India Grid Trust Share Price Chart — NSE/BSE Historical Performance

No data

High

₹177.86

Low

₹166.69

Volume

7.8L

Change

-0.73%

India Grid Trust — Last 10 Trading Days

Date	Open	High	Low	Close	Volume
1 Jun 26	₹172.10	₹172.40	₹170.00	₹170.97	7.23L (Cr)
29 May 26	₹171.87	₹171.87	₹171.00	₹171.43	8.12L (Cr)
27 May 26	₹171.00	₹171.40	₹170.26	₹171.07	5.04L (Cr)
26 May 26	₹169.88	₹171.00	₹169.40	₹170.56	22.51L (Cr)
25 May 26	₹169.50	₹169.50	₹169.15	₹169.45	6.08L (Cr)
22 May 26	₹169.48	₹169.56	₹169.05	₹169.43	4.31L (Cr)
21 May 26	₹169.40	₹169.56	₹168.50	₹169.48	4.00L (Cr)
20 May 26	₹169.38	₹169.90	₹168.50	₹168.98	19.25L (Cr)
19 May 26	₹NaN	₹NaN	₹NaN	₹NaN	0.00 (Cr)
18 May 26	₹169.21	₹169.44	₹166.69	₹168.44	10.75L (Cr)

India Grid Trust — Last 12 Months Price History

Month	Open	High	Low	Close	Change
Jun 2026	₹172.10	₹172.40	₹170.00	₹170.97	-0.66%
May 2026	₹172.86	₹0.00	₹0.00	₹171.43	-0.83%
Apr 2026	₹165.36	₹177.86	₹164.33	₹172.00	+4.02%
Mar 2026	₹166.70	₹167.00	₹163.01	₹165.44	-0.76%
Feb 2026	₹165.28	₹168.50	₹161.01	₹166.27	+0.60%
Jan 2026	₹168.69	₹169.00	₹163.01	₹164.28	-2.61%
Dec 2025	₹168.47	₹169.80	₹165.78	₹168.16	-0.18%
Nov 2025	₹171.86	₹0.00	₹0.00	₹168.27	-2.09%
Oct 2025	₹165.10	₹174.00	₹165.10	₹171.86	+4.09%
Sept 2025	₹165.48	₹172.05	₹162.10	₹165.01	-0.28%
Aug 2025	₹156.99	₹165.47	₹153.22	₹164.34	+4.68%
Jul 2025	₹146.51	₹158.00	₹146.45	₹156.39	+6.74%

AI Research Briefing

IndiGrid is a leveraged yield play dependent on continued acquisitions in the power transmission sector, with a concerning debt profile.

Research Confidence

6.0/10Moderate

RATE PLAYConsolidation. 1M: -2.04%, 3M: 2.4%, 6M: 12.15%.Expensive. P/E is 63.06x vs Industry P/E of 16.5x.

WHAT'S HAPPENING NOW (last 2-4 weeks)

IndiGrid has been active on the acquisition front. On March 10, 2026, they completed the acquisition of Gadag Transmission Limited for The company also executed definitive agreements on February 12, 2026, to acquire Morena I SEZ Transmission Limited for an enterprise value not exceeding million.

CORE STORY (THE REAL GAME)

IndiGrid is an infrastructure investment trust (InvIT) focused on power transmission assets. The core narrative is about stable, long-term contracted assets that generate predictable cash flows for unitholder distributions. It's a yield play on India's growing power infrastructure, not a growth stock.

WHAT IS DRIVING THE STOCK

Acquisition-led growth: IndiGrid is actively acquiring transmission assets, like Gadag Transmission for , to boost revenue and EBITDA.

Stable distributions: Management reiterated FY26 DPU (Distribution Per Unit) guidance of Q3 FY26 distribution was per unit.

BULL vs BEAR

Bull:India's increasing power demand and renewable energy integration require significant transmission infrastructure, benefiting IndiGrid. Stable DPU yield of 6.48% is attractive in a low-rate environment.

Bear:High debt/equity ratio of 4.78 and low-interest coverage of 1.2x raise concerns about financial leverage. Negative free cash flow of ₹-1009.07 Cr over the last 5 years is a red flag. Dependence on acquisitions for growth creates execution risk.

WHAT MARKET IS PRICING

The market is pricing in the stable distribution yield and continued acquisition-led growth. If acquisitions slow down or interest rates rise, the yield narrative could fade.

BOTTOM LINE

IndiGrid is a leveraged bet on India's power transmission sector, offering a decent yield but carrying significant financial risk. It's a bond proxy, not a growth engine.

Why Now

Completed acquisition of Gadag Transmission for ₹372 crore
Executed agreement to acquire Morena I SEZ Transmission Limited for ₹15,770 million
Management reiterated FY26 DPU guidance of ₹16

Potential Catalysts

New transmission asset acquisitions
Changes in interest rates
Government policies supporting power transmission infrastructure

Key Risks

High debt/equity ratio of 4.78
Low-interest coverage of 1.2x
Negative free cash flow of ₹-1009.07 Cr over the last 5 years

Institutional Activity

Promoter holding is low at 1.23% and has decreased slightly (Δ -0.04%). FII and DII holdings are zero.

Macro Context

India's power sector is expanding rapidly, with a focus on renewable energy integration, creating a tailwind for transmission infrastructure.

Order Book / Expansion

IndiGrid completed the acquisition of Gadag Transmission Limited on March 10, 2026, for an enterprise value not exceeding ₹372 crores. They also signed definitive agreements to acquire Morena I SEZ Transmission Limited for ₹15,770 million.

Cash Flow Quality

No. Negative free cash flow of ₹-1009.07 Cr over the last 5 years.

3–6 Month Outlook

IndiGrid's future depends on its ability to continue acquiring assets and maintaining stable distributions. Rising interest rates and increased competition could pose challenges.

Primary Thesis Risk

High debt and reliance on acquisitions make IndiGrid vulnerable to rising interest rates and execution risks.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

6.60%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

7.51%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

87.78%

Average operating profit margin over 5 years

Good

Dividend Yield

6.48%

Annual dividend as % of current share price

India Grid Trust Valuation Check

Poor

Price to Earnings (P/E)

63.06x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

16.50x

Average P/E of all peers in this sector

Market-cap Classification

Mid-cap

Balance of growth potential and stability.

Market Capitalisation

17.91K (Cr)

Total market value of all outstanding shares

Shareholding Pattern

Poor

Promoter Holding

1.23%

% shares held by company founders/management

FII Holding

N/A

% shares held by foreign institutional investors

DII Holding

N/A

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

-54.90%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-1.08%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

21.48%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

-10.56%

Earnings per share growth over 5 years

Poor

Net Profit Growth (5-Year CAGR)

-7.36%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

4.78x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

1.20x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-1.01K (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

India Grid Trust Fundamental Analysis & Valuation Benchmarking

Educational evaluation of INDIGRID across key market metrics for learning purposes.

Positive Indicators

4 factors identified

Strong Operating Margins (87.78%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Consistent Growth Track Record (21.48% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Attractive Dividend Yield (6.48%)

Observation: Healthy dividend yield provides income component to returns.

Analysis: Dividend yield >3% offers income potential while indicating cash flow strength.

Risk Factors

10 factors identified

Below-Average Return on Equity (6.60%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (7.51%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Premium Valuation Risk (P/E: 63.06x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Profit Decline Concern (-54.90%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Weak Earnings Growth (-10.56% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Stagnant Profit Growth (-7.36% CAGR)

Observation: Limited 5-year profit growth trajectory.

Analysis: Low profit growth may indicate scalability challenges or market maturity.

Elevated Debt Levels (D/E: 4.78)

Observation: High leverage increases financial risk and interest burden.

Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.

Weak Interest Coverage (1.20x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-1009.07 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Low Promoter Commitment (1.23%)

Observation: Reduced promoter stake may indicate limited confidence.

Analysis: Low promoter holding may raise questions about management commitment.

India Grid Trust vs Power - Transmission Peers

Peer Comparison - Power - Transmission

Compare India Grid Trust with 2 other companies in the same sector

3 companies

Company Info	Fundamental Overall score	Valuation Price metrics	Profitability Return metrics		Financial Health Debt management	Growth 5Y performance		Dividend Yield %
Company Company name	Score Bull Run comprehensive fundamental score based on 20+ metrics	Price Current trading price of the stock	Market Cap Total value of all shares in the market	P/E Price per share divided by earnings per share	ROE Net income divided by shareholder equity	ROCE Earnings before interest and tax divided by capital employed	Debt/Eq Total debt divided by total equity	Profit 5Y Average annual profit growth over 5 years	Sales 5Y Average annual sales growth over 5 years	Dividend Annual dividend per share divided by price per share
India Grid TrustIndia Grid Trus...Selected✓ INDIGRID • 540565	13/100	₹172.24₹172	₹17914.92₹17914.92	63.06Average 63.1 Average	6.60%Poor 6.60% Poor	7.51%Poor 7.51% Poor	4.78Poor 4.8 Poor	-7.36%Poor -7.36% Poor	21.48%Excellent 21.48% Excellent	6.48%
Power Grid Corporation of India LtdPower Grid Corp... POWERGRID • 532898	37.7/100	₹298.60₹299	₹250837.24₹250837.24	16.50Average 16.5 Average	17.00%Good 17.00% Good	12.78%Average 12.78% Average	1.37Average 1.4 Average	9.33%Good 9.33% Good	3.94%Average 3.94% Average	3.34%
Powergrid Infrastructure Investment TrustPowergrid Infra... PGINVIT • 543290	29.4/100	₹93.83₹94	₹8615.87₹8615.87	6.37Average 6.4 Average	15.41%Good 15.41% Good	16.05%Good 16.05% Good	0.14Excellent 0.1 Excellent	— —	— —	6.34%

India Grid Trust Quarterly Performance

Latest quarterly metrics for INDIGRID — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-1.08%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

-54.90%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

21.48%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

-7.36%

Compounded annual net profit growth over 5 years

India Grid Trust Technical Indicators

SMA 50, SMA 200, RSI and volume signals for INDIGRID — calculated from daily price history

Neutral — RSI NaN

Momentum is balanced — neither overbought nor oversold.

SMA 50

₹NaN

▼ Price below SMA 50 — Short-term bearish

SMA 200

₹NaN

▼ Price below SMA 200 — Long-term downtrend

30-Day Avg Volume

753K shares/day

Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

India Grid Trust Financial Statements

Annual income statement, balance sheet and cash flow for India Grid Trust (INDIGRID) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for India Grid Trust

About INDIGRID (India Grid Trust)

India Grid Trust (INDIGRID) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Power - Transmission sector with a ...current market capitalisation of ₹17.91K (Cr). India Grid Trust has delivered a Return on Equity (ROE) of 6.60% and a ROCE of 7.51%. The debt-to-equity ratio stands at 4.78, reflecting the company's capital structure. Investors tracking INDIGRID share price can monitor key metrics including P/E ratio, promoter holding of 1.23%, and quarterly earnings growth.