What is Indus Inf. Trust revenue growth outlook?

Indus Inf. Trust operates in the Transport Infrastructure sector and has a current market cap of ₹7,738 Cr and P/E ratio of 19.75. For detailed revenue growth insights derived from the latest earnings call, visit the Indus Inf. Trust analysis page on Arthneeti AI.

What is Indus Inf. Trust current stock price?

Indus Inf. Trust current market price is ₹126.65. The stock trades at a P/E ratio of 19.75 with a market capitalisation of ₹7,738 Cr.

How does Arthneeti AI analyse Indus Inf. Trust?

Arthneeti AI uses natural language processing to analyse Indus Inf. Trust's earnings call transcripts and extract key insights on revenue growth, margins, capex plans, and fundraising activity. The analysis covers management commentary, forward guidance, and competitive positioning within the Transport Infrastructure sector.

Indus Infra Trust Q1 FY27 Share Price & Earnings Call Analysis

₹126.65+1.11% today

Market cap: ₹7,738 Cr
P/E: 19.75
ROE: 7.92%
Price to sales: 9.98
Debt to equity: 0.97
52W high / low: ₹137 / ₹114
Sales growth (5Y): -20.79%
EBITDA margin: 69.84%
Net profit margin: 56.53%
Sales (last year): ₹775 Cr

All 10 ratios ↓

Incorporated in 2022, Indus Infra Trust is a SEBI-registered infrastructure investment trust[1]

Guidance scorecard · Q1 FY27 call

What Indus Inf. Trust's management guided
and where it ranks in Transport Infrastructure

#6of 10 in
Transport Infrastructure

Revenue10–20%MarginsFlat CapexPlanned FundraisingPlanned Order bookWhat management said

RevenueQ4 FY26 call

10–20%

Indus Infra Trust expects significant AUM growth, targeting an incremental addition of INR 8,000-8,500 crores in FY27, potentially reaching around INR 18,000 crores by year-end.
Growth driven by acquisitions primarily from ROFO assets with KNR and GR, and selective third-party acquisitions.
Exploring new avenues such as TOT (Toll-Operate-Transfer) assets, with potential participation starting FY27 and more actively from FY28.
Revenue growth underpinned by steady annuity inflows from existing and new assets; new acquisitions planned for Q1 and Q2 FY27 with annuity benefits expected from H2 onwards.

2 more points from Indus Inf. Trust's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

Indus Infra Trust expects continued growth through acquisition of yield-accretive assets, with an incremental AUM addition of INR 8,000-8,500 crores planned for FY27.
Guidance for FY27 distribution per unit (DPU) is set at a minimum of INR 14, up from INR 13.5 in FY26, supported by new assets acquired mainly in Q1 and Q2.
Earnings growth is anticipated as annuities from new acquisitions start flowing in from the second half of FY27.
EBITDA for Q4 FY26 was INR 183.72 crores, reflecting stable operating earnings; with expanding asset base, operating profits are projected to improve.
Interest income increased due to higher loan extension to SPVs, indicating growth in finance income components.
The strategy focuses on stable and predictable distributions alongside disciplined capital allocation rather than rapid asset growth.

2 more points from Indus Inf. Trust's call on margins

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Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned

Indus Infra Trust plans to start exploring and potentially participating in TOT (Toll-Operate-Transfer) assets, especially as the pipeline from NHAI is strong. They may evaluate or participate in tenders from FY'27 onwards, with more focus from FY'28.
The Trust has a pipe of non-Greenfield Roads (non-GR) HAM assets but admits it is not very strong due to intense competition from other InvITs and funds.
Acquisition strategy focuses on selective pockets and yield accretion rather than merely increasing AUM.
They aim to add INR 8,000-8,500 crore of AUM through acquisitions this fiscal, including assets under ROFO with KNR and GR, plus some third-party assets.

2 more points from Indus Inf. Trust's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

Planned

Indus Infra Trust plans to raise equity in FY27 to fund acquisition of assets worth around INR 8,000 to 9,000 crores.
Equity raise expected to be around 40% to 45% of the acquisition cost, approximately INR 3,800 to 4,000 crores.
Debt to equity mix aimed to be approximately 55%-60% debt and 40%-42% equity for funding acquisitions.
Current gross debt level is about 47%-48% of AUM, with room to raise more debt within thresholds but equity raising needed for large acquisitions.
Additional external borrowing of INR 1,326 crores was availed at Trust level recently for refinancing existing debt.

2 more points from Indus Inf. Trust's call on fundraising

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Full Q4 FY26 analysis

Order bookQ4 FY26 call

Indus Infra Trust plans incremental asset additions of around INR 8,000 to 8,500 crores in FY27.
This addition includes around five third-party assets and five to six assets under Right of First Offer (ROFO) from GR.
The Trust has signed a Share Purchase Agreement (SPA) with KNR and expects to sign another SPA within the quarter.
The current asset base stands at 13 assets with plans to grow to INR 17,500 to INR 18,000 crores AUM by year-end FY27.
The Trust is exploring TOT (Toll-Operate-Transfer) assets and other monetizable assets as part of its growth pipeline.

2 more points from Indus Inf. Trust's call on the order book

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Full Q4 FY26 analysis

Full Transport Infrastructure ranking

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 Transport Infrastructure
on management's own guidance

Dreamfolks ServiModerate growth
2
Guj Pipavav PortGood growth
1
Adani PortsModerate growth
3

See all potential multibaggers Where does Indus Inf. Trust rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Transport Infrastructure companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1	Guj Pipavav Port	20–40%	Flat	₹8,040 Cr	14.8
2	Dreamfolks Servi	10–20%	Up 2%+	₹322 Cr	—
3	Adani Ports	10–20%	Flat	₹4.03L Cr	30.4
4		10–20%	Flat	₹79,244 Cr	51.1
5		10–20%	Flat	₹20,640 Cr	74.5
6	Indus Inf. TrustThis stock	10–20%	Flat	₹7,757 Cr	19.8

Pro shows every company guiding 40%+ revenue growth →Full Transport Infrastructure ranking

Indus Inf. Trust announcements

All announcements →

Acquisition / mergerNotable5 Oct 2026
Indus Infra Trust acquires 100% stake in KNR Ramanattukara Infra Pvt Ltd
Acquisition / mergerNotable17 Sept 2026
Indus Infra Trust acquires controlling interest in KNR Guruvayur Infra Pvt Ltd

Financials of Indus Inf. Trust

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Indus Inf. Trust

Quarterly Results

Quarter-by-quarter operating performance

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	0	0	0	121	127	156	210	251	186	123	179	188
Expenses +	0	0	0	84	47	37	62	78	37	42	63	59
Operating Profit	-0	-0	-0	37	80	119	149	173	149	81	117	129
OPM %				31%	63%	77%	71%	69%	80%	66%	65%	69%
Other Income +	0	0	0	8	64	15	14	18	18	16	24	20
Interest	0	0	0	25	28	28	37	36	42	38	41	46
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-0	-0	-0	20	116	106	126	155	125	59	99	103
Tax %	0%	0%	0%	24%	4%	2%	6%	5%	4%	-0%	3%	-3%
Net Profit +	-0	-0	-0	15	111	104	119	147	121	59	96	106
EPS in Rs				0.35	2.51	2.36	2.68	3.33	2.72	1.34	2.18	2.40

Financials of Indus Inf. Trust

Profit & Loss

Annual income statement trend

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	3,093	2,170	1,600	0	121	745	677
Expenses +	2,813	1,671	1,172	0	84	224	194
Operating Profit	280	499	428	0	37	521	483
OPM %	9%	23%	27%		30%	70%	71%
Other Income +	0	0	0	0	8	111	72
Interest	171	265	344	0	25	129	168
Depreciation	0	0	0	0	0	0	0
Profit before tax	109	234	84	0	20	503	387
Tax %	31%	36%	25%		25%	4%	1%
Net Profit +	75	149	63	0	15	482	383
EPS in Rs					0.33	10.87	8.64
Dividend Payout %	0%	0%	0%		886%	42%	149%

Financials of Indus Inf. Trust

Balance Sheet

Capital structure and asset base

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	178	188	188	0.00	4,376	4,368	4,218
Reserves	190	340	403	0	580	541	531
Borrowings +	2,284	3,710	4,679	3	1,138	2,144	4,603
Other Liabilities +	924	706	267	5	165	59	225
Total Liabilities	3,577	4,944	5,537	8	6,259	7,112	9,577
Fixed Assets +	0	0	0	0	0	0	3
CWIP	0	0	0	0	0	0	0
Investments	0	0	0	0	67	457	145
Other Assets +	3,577	4,944	5,537	8	6,192	6,655	9,429
Total Assets	3,577	4,944	5,537	8	6,259	7,112	9,577

Financials of Indus Inf. Trust

Cash Flows

Operating, investing and financing cash movement

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-1,220	-944	-398	0	129	439	599
Cash from Investing Activity +	74	-119	-151	0	0	367	699
Cash from Financing Activity +	1,162	1,178	626	-0	62	-829	-1,167
Net Cash Flow	16	115	77	0	191	-23	130
Free Cash Flow	-1,220	-944	-398	0	129	439	599
CFO/OP	-422%	-187%	-85%		232%	89%	120%

Financials of Indus Inf. Trust

Ratios

Working capital efficiency and return ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	1	6	5		18	0	1
Inventory Days
Days Payable
Cash Conversion Cycle	1	6	5		18	0	1
Working Capital Days	23	20	41		1,471	255	360
ROCE %		14%	9%	0%	1%	9%	7%

Guidance history

How Indus Inf. Trust's guidance has moved, call by call

Call	Revenue	Margins	Capex	Fundraising	Order book
Q4 FY26 call →	10–20%	Flat	Planned	Planned	—
Q3 FY26 call →	10–20%	Flat	Planned	Planned	—
Q2 FY26 call →	10–20%	Flat	Planned	Planned	Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Momentum score · price trend

57 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

Period	Share price change	Better than … of 1,910 stocks
Last 12 months	+5.3%	65%
Last 6 months	−2.2%	50%
Last 3 months	−3.7%	57%

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 Indus Inf. Trust: 0.4 × 65 + 0.4 × 50 + 0.2 × 57 = 57.

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.

What Indus Inf. Trust's management said in earlier quarters

Others in Transport Infrastructure this season

Cube Highways Trust (Q2 FY27)
Q2 FY27 Toll Revenue: INR 8,622.5 Mn, up 13.6% YoY from INR 7,587.7 Mn (Page 12). Key investor presentation takeaways from Cube Highways Trust's Q2 FY27 investo
GMR Airports Ltd (Q2 FY27)
Q2FY27 Revenue from Operations: INR 41.0 billion, up 11.6% YoY (Page 54) . Key investor presentation takeaways from GMR Airports Ltd's Q2 FY27 investor presenta
Adani Ports & Special Economic Zone Ltd (Q2 FY27)
Q2 FY27 revenue: ₹11,340 Cr, up 24% YoY (Page 18) . Key investor presentation takeaways from Adani Ports & Special Economic Zone Ltd's Q2 FY27 investor presenta
JSW Infrastructure Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations:** ₹1,481 Crore, +17% YoY (Page 9) . Key investor presentation takeaways from JSW Infrastructure Ltd's Q2 FY27 investor presenta

Compare:vs Adani Ports & Special Economic Zone Ltd vs GMR Airports Ltd vs JSW Infrastructure Ltd

Indus Infra Trust Q1 FY27 Share Price & Earnings Call Analysis

What Indus Inf. Trust's management guided and where it ranks in Transport Infrastructure

RevenueQ4 FY26 call

MarginsQ4 FY26 call

CapexQ4 FY26 call

FundraisingQ4 FY26 call

Order bookQ4 FY26 call

Potential multibaggers in Transport Infrastructure on management's own guidance

Build your portfolio from the top-ranked stocks

Transport Infrastructure companies ranked on guidance

Indus Inf. Trust announcements

Financials of Indus Inf. Trust

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

How Indus Inf. Trust's guidance has moved, call by call

57 out of 100 — Steady

Continue your research

What Indus Inf. Trust's management said in earlier quarters

Others in Transport Infrastructure this season

What Indus Inf. Trust's management guided
and where it ranks in Transport Infrastructure

Potential multibaggers in Transport Infrastructure
on management's own guidance

Build your portfolio
from the top-ranked stocks