India Grid Trust (NSE: INDIGRID) share: Infrastructure investment trust India Grid has completed the acquisition of a 300 MW capacity solar project at an enterprise value of Rs 1550 crore. The company has informed this to the stock exchange.
After this deal, IndiGrid has 19 solar projects in eight states across the country. Their total production capacity is 1.1 gigawatts (one gigawatt equals 1,000 megawatts).
India Grid Trust (IndiGrid) announced in a statement its assets under management currently stand at around Rs 28,200 Crore. The agreement for the purchase of shares for the acquisition was signed in January 2024.
Share Conditions
India Grid Trust share saw a rise on the BSE index on the last trading day. On the last trading day of the week, this share increased by 1 percent and closed above Rs 134.
The share touched a 52-week high of Rs 141.51 in May 2023 and fell to the level of Rs 121 in November 2023. The market capitalization of the business is 10,505.14 crore. The share price may go up to Rs 300 soon.
ICRA’s Estimates For Renewable Energy’s Potential
In addition, the rating agency ICRA has stated that the Renewable energy (RE) capacity of India is projected to grow up to 170 gigawatts by the end of March 2025. It does not include large hydroelectric power plants.
India’s installed RE capacity in December 2023 was 135 GW (one gigawatt equals 1,000 MW). Given the intermittent nature of RE generation, 24-hour supply from these sources remains critical.
The agency suggested that this could be made possible through energy storage systems along with wind and solar energy projects.
About India Grid Trust Company
India Grid Trust is an Indian-based infrastructure investment trust (InvIT) that specializes in the power transmission industry.
The company owns, operates, and oversees the power transmission network as well as solar energy sources that provide reliable power across India.
It currently has around 15 transmission projects in operation one greenfield transmission and 17 solar power projects spread across various states of India.
Its portfolio assets comprise more than 33 power projects that are located in various states in India.
The portfolio of assets includes Jabalpur Transmission Company Limited, TN Solar Power Energy Private Limited, Universal Mine Developers & Service Providers Private Limited, Maheshwaram Transmission Limited, East-North Interconnection Company Limited, Kallam Transmission Limited and many more.
India Grid was the very premier Infrastructure Investment Trust (InvIT) in the Indian power sector. It has 36 power projects, including 46 transmission lines with lengths over 8,468 CKMS, 13 substations with approximately 17,550 MVA transformation capacity, and approximately 855 MWh solar generation capacity.
Fundamental Analysis of India Grid Trust
| Market Cap | ₹ 10,500 Cr. |
| Current Price | ₹ 134 |
| 52-wk High | ₹ 142 |
| 52-wk Low | ₹ 121 |
| Stock P/E | 28.8 |
| Book Value | ₹ 70.8 |
| Dividend | 7.87 % |
| ROCE | 7.71 % |
| ROE | 8.78 % |
| Face Value | ₹ 100 |
| P/B Value | 1.89 |
| OPM | 87.4 % |
| EPS | ₹ 5.05 |
| Debt | ₹ 14,505 Cr. |
| Debt to Equity | 2.93 |
India Grid Trust Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹162 | ₹300 |
| 2025 | ₹305 | ₹400 |
| 2026 | ₹422 | ₹510 |
| 2027 | ₹515 | ₹521 |
| 2028 | ₹532 | ₹580 |
| 2029 | ₹590 | ₹612 |
| 2030 | ₹615 | ₹680 |
India Grid Trust Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 666 Cr |
| 2020 | ₹ 1,243 Cr |
| 2021 | ₹ 1,677 Cr |
| 2022 | ₹ 2,222 Cr |
| 2023 | ₹ 2,770 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 154 Cr |
| 2020 | ₹ 506 Cr |
| 2021 | ₹ 334 Cr |
| 2022 | ₹ 343 Cr |
| 2023 | ₹ 375 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.97 |
| 2020 | 1.24 |
| 2021 | 3.11 |
| 2022 | 2.46 |
| 2023 | 2.92 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 17% |
| 3 Years: | -3% |
| Current Year: | -13% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 9% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 39% |
| 3 Years: | 23% |
| Current Year: | 19% |
Conclusion
This article is a complete guide about India Grid Trust Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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