Capital Infra Trust Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,022 Cr
- P/E
- 7.37
- ROE
- 7.15%
- Price to sales
- 3.36
- Debt to equity
- 0.86
- 52W high / low
- ₹79.2 / ₹67.2
- EBITDA margin
- 59.57%
- Net profit margin
- 24.90%
- Sales (last year)
- ₹899 Cr
Incorporated in 2023, Capital Infra Trust is registered as an irrevocable trust and as an InvIT[1]
Guidance scorecard · Q1 FY27 call
What Capital Infra Trust's management guided
and where it ranks in Construction
Construction
RevenueQ4 FY26 call
10–20%- Targeting Assets Under Management (AUM) of ~INR 10,000 crores by end of FY27, up from INR 6,611 crores as of March 31.
- Plan to acquire approximately INR 3,500 crores of assets in FY27, primarily from sponsor-backed Right of First Offer (ROFO) pipeline consisting of 8 advanced-stage assets.
- Additional growth expected from third-party asset acquisitions beyond sponsor assets.
- Annual distribution guidance for FY27 set at INR 9 to 9.25 per unit, translating to a 13%-13.5% cash yield, supported by stable annuity cash flows.
- Expect at least 10% growth in distributions from FY28, driven by acquisitions and annuity inflows linked to interest rates.
2 more points from Capital Infra Trust's call on revenue
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MarginsQ4 FY26 call
FlatSee what Capital Infra Trust said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Capital Infra Trust plans to acquire approximately INR 3,500 crores of assets in FY27, primarily from a pool of 8 sponsor assets, with 5-6 expected for transaction in FY27.
- The Trust targets increasing AUM to around INR 10,000 crores by FY27 through sponsor asset acquisitions and third-party acquisitions.
- Major maintenance capex is budgeted: INR 170 crores in FY27, INR 90 crores in FY28, INR 100 crores in FY29, and INR 140 crores in FY30.
- Debt will be primarily used to fund acquisitions and major maintenance to minimize equity dilution, targeting a debt to AUM ratio of around 57.5% to 60%.
2 more points from Capital Infra Trust's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Capital Infra Trust said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Capital Infra Trust currently has a strong pipeline with around 17 ROFO (Right of First Offer) assets.
- Of these, approximately 8 assets are expected to achieve completion status in FY27.
- The collective Budgeted Project Cost (BPC) for these 8 assets is around INR 7,100 crores.
- The Trust aims to acquire at least 4 to 5 of these ROFO assets in FY27, subject to due diligence and unitholder approval.
- Additionally, there is a pool of about 8 assets from sponsors ready for acquisition in FY27, mostly contributing to the targeted AUM expansion of INR 3,500 crores.
2 more points from Capital Infra Trust's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingCapital Infra Trust announcements
All announcements →- Acquisition / mergerNotableCapital Infra Trust completes acquisition of 100% equity in six Gawar highway SPVs
- Fundraise / allotmentNotableCapital Infra Trust submits post-Institutional Placement unit holding pattern
- Fundraise / allotmentNotableCapital Infra Trust raises ₹1,115 crore via QIP for acquiring six HAM road assets
- Acquisition / mergerNotableCapital Infra Trust signs SPAs to acquire 100% of six Gawar highway SPVs
- Board / shareholder meeting outcomeNotableCapital Infra Trust announces results of Postal Ballot on key resolutions dated Aug 17, 2026
Financials of Capital Infra Trust
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Capital Infra Trust
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 159 | 189 | 179 | 178 | 283 |
| Expenses + | 162 | 269 | 52 | 134 | 63 |
| Operating Profit | -3 | -81 | 127 | 44 | 220 |
| OPM % | -2% | -43% | 71% | 25% | 78% |
| Other Income + | 12 | 18 | 8 | 4 | 62 |
| Interest | 59 | 45 | 45 | 47 | 67 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -50 | -108 | 90 | 1 | 215 |
| Tax % | -25% | -32% | 13% | -820% | 9% |
| Net Profit + | -37 | -74 | 78 | 11 | 195 |
| EPS in Rs | -1.35 | -2.68 | 2.85 | 0.22 | 3.97 |
Financials of Capital Infra Trust
Profit & Loss
Annual income statement trend
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Sales + | 159 | 828 |
| Expenses + | 162 | 518 |
| Operating Profit | -3 | 310 |
| OPM % | -2% | 37% |
| Other Income + | 12 | 92 |
| Interest | 59 | 204 |
| Depreciation | 0 | 0 |
| Profit before tax | -50 | 198 |
| Tax % | -25% | -6% |
| Net Profit + | -37 | 211 |
| EPS in Rs | -1.35 | 4.28 |
| Dividend Payout % | -1,931% | 237% |
Financials of Capital Infra Trust
Balance Sheet
Capital structure and asset base
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 2,691 | 4,264 |
| Reserves | -387 | -803 |
| Borrowings + | 2,363 | 2,961 |
| Other Liabilities + | 270 | 232 |
| Total Liabilities | 4,936 | 6,654 |
| Fixed Assets + | 0 | 0 |
| CWIP | 0 | 0 |
| Investments | 0 | 33 |
| Other Assets + | 4,936 | 6,621 |
| Total Assets | 4,936 | 6,654 |
Financials of Capital Infra Trust
Cash Flows
Operating, investing and financing cash movement
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Cash from Operating Activity + | 284 | 1,026 |
| Cash from Investing Activity + | 397 | -307 |
| Cash from Financing Activity + | -498 | -577 |
| Net Cash Flow | 183 | 142 |
| Free Cash Flow | 284 | 1,026 |
| CFO/OP | -11,310% | 351% |
Financials of Capital Infra Trust
Ratios
Working capital efficiency and return ratios
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 66 | 18 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 66 | 18 |
| Working Capital Days | 2,017 | 468 |
| ROCE % | 7% |
Guidance history
How Capital Infra Trust's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
34 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +2.7% | 62% |
| Last 6 months | +11.8% | 68% |
| Last 3 months | +6.2% | 74% |
The price is 23.2% below its all-time high of ₹101.97 (28 Feb 2025). Stocks more than 20% below their peak have their score halved, so 67 became 34.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Capital Infra Trust: 0.4 × 62 + 0.4 × 68 + 0.2 × 74 = 67, halved to 34 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Capital Infra Trust's management said in earlier quarters
Others in Construction this season
- GK Energy Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations:** ₹4,026.54 Mn, a 12.3% year-on-year (YoY) increase from ₹3,585.04 Mn in Q2 FY26 (Page 29, 31, 13). Key investor presentation t
- PNC Infratech Ltd (Q2 FY27)
1,146 Crs (17% YoY increase from Rs. Key investor presentation takeaways from PNC Infratech Ltd's Q2 FY27 investor presentation — and how it ranks against secto
- Larsen & Toubro (Q2 FY27)
Q2 FY27 Revenue: ₹787.5 billion, up 16% YoY (Page 9, 6) . Key investor presentation takeaways from Larsen & Toubro Ltd's Q2 FY27 investor presentation — and how
- Central Mine Pla (Q2 FY27)
Revenue from Operations (Net Sales) for Q2 FY 2026-27: ₹593.31 crore, up ₹41.44 crore or 8% vs Q2 FY 2025-26 (₹551.87 crore). Key investor presentation takeaway