Vertis Infrastructure Trust Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹17,440 Cr
- P/E
- 19.96
- ROE
- 9.53%
- PEG
- 0.11
- Price to sales
- 4.23
- Debt to equity
- 1.80
- 52W high / low
- ₹125 / ₹102
- EBITDA margin
- 73.00%
- Net profit margin
- 18.19%
- Sales (last year)
- ₹4,126 Cr
Vertis Infrastructure Trust (VIT) is an InvIT of road sector assets sponsored by Galaxy, which is invested in by funds, vehicles and/or entities managed and/or advised by KKR, with VFA as its investment manager, VPM, a 100% subsidiary of VFA, acting as project manager and Axis Trustee Services Ltd acting as trustee.[1]
Guidance scorecard · Q1 FY27 call
What Vertis Infrastructure Trust's management guided
and where it ranks in Transport Infrastructure
Transport Infrastructure
RevenueQ1 FY27 call
0–10%- Q1 FY27 showed strong traffic growth of 9.1%, surpassing the 4.1% projected in the valuation report, indicating positive momentum.
- Revenue grew by 16.4% in Q1, benefiting from toll rate increases and compensation for six-laning work-related revenue loss.
- Despite some asset-specific challenges (e.g., GRICL-VH and STPL-NI divergence due to new highways), overall portfolio performance is stable and optimistic.
- Annuity assets continue to provide predictable cash flows, with nine annuity payments received ahead of schedule.
- NHAI Monetization Program (NMP-2) offers potential for future acquisitions and growth through identified assets.
2 more points from Vertis Infrastructure Trust's call on revenue
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MarginsQ1 FY27 call
FlatSee what Vertis Infrastructure Trust said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Planned major maintenance works at GRICL have been prudently deferred to H2 FY27 due to uncertainty around bitumen availability and pricing caused by the Middle East conflict.
- Government of Gujarat has awarded tender for eight-laning of Ahmedabad-Mehsana Road (AMRP) from existing four-laning; GRICL will continue toll collection during the transition while widening is undertaken by a HAM concessionaire.
- Vertis recently expanded its HAM portfolio by acquiring 11 HAM assets in FY25-26, contributing to stable and timely annuity cash flows.
2 more points from Vertis Infrastructure Trust's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Vertis Infrastructure Trust said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Vertis Infrastructure Trust said on the order book →
Full Q1 FY27 analysisRanges 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 growth2
- Guj Pipavav PortGood growth1
- Adani PortsModerate growth3
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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 | 10–20% | Flat | ₹7,757 Cr | 19.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Transport Infrastructure rankingVertis Infrastructure Trust announcements
All announcements →- Fundraise / allotmentNotableVertis Infrastructure Trust allots ₹1,425 crores NCDs on private placement
Financials of Vertis Infrastructure Trust
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Vertis Infrastructure Trust
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | 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 + | 165 | 235 | 170 | 294 | 1,302 | 524 | 512 | 501 | 701 | 830 | 1,002 | 1,016 | 1,055 |
| Expenses + | 73 | 70 | 47 | 88 | 959 | 149 | 118 | 132 | 245 | 187 | 250 | 369 | 277 |
| Operating Profit | 92 | 166 | 123 | 207 | 343 | 374 | 393 | 369 | 456 | 644 | 752 | 647 | 778 |
| OPM % | 56% | 70% | 72% | 70% | 26% | 71% | 77% | 74% | 65% | 78% | 75% | 64% | 74% |
| Other Income + | 1 | 1 | 1 | 1 | -359 | 14 | 12 | 26 | 20 | 17 | -15 | -5 | 49 |
| Interest | 35 | 53 | 44 | 77 | 142 | 107 | 82 | 92 | 104 | 223 | 272 | 223 | 213 |
| Depreciation | 32 | 51 | 34 | 67 | 149 | 155 | 150 | 158 | 196 | 292 | 293 | 294 | 317 |
| Profit before tax | 26 | 63 | 45 | 63 | -307 | 126 | 173 | 145 | 176 | 146 | 172 | 125 | 297 |
| Tax % | 20% | 8% | 2% | 36% | -1% | 21% | 10% | 20% | 2% | 11% | -10% | 11% | 22% |
| Net Profit + | 21 | 58 | 44 | 41 | -303 | 99 | 155 | 117 | 173 | 130 | 188 | 111 | 230 |
| EPS in Rs | 0.50 | 1.33 | 0.91 | 0.84 | -4.16 | 1.00 | 1.71 | 1.20 | 1.01 | 0.71 | 1.35 | 0.66 | 1.47 |
Financials of Vertis Infrastructure Trust
Profit & Loss
Annual income statement trend
| Mar 2022 4m | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 190 | 627 | 2,035 | 2,174 | 3,903 |
| Expenses + | 41 | 211 | 1,184 | 634 | 1,041 |
| Operating Profit | 149 | 416 | 851 | 1,541 | 2,862 |
| OPM % | 78% | 66% | 42% | 71% | 73% |
| Other Income + | 7 | 16 | -332 | 125 | 5 |
| Interest | 78 | 219 | 324 | 385 | 932 |
| Depreciation | 29 | 117 | 322 | 661 | 1,196 |
| Profit before tax | 49 | 96 | -127 | 620 | 739 |
| Tax % | 8% | 65% | 21% | 12% | 11% |
| Net Profit + | 45 | 34 | -153 | 545 | 660 |
| EPS in Rs | 0.82 | -2.15 | 3.10 | 4.18 | |
| Dividend Payout % | 0% | 1,969% | -707% | 338% | 244% |
Financials of Vertis Infrastructure Trust
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 4,155 | 6,859 | 12,861 | 12,861 |
| Reserves | 39 | -3,717 | -4,262 | -5,322 | -6,444 |
| Borrowings + | 2,327 | 1,477 | 4,126 | 4,933 | 11,574 |
| Other Liabilities + | 374 | 417 | 2,299 | 1,815 | 2,058 |
| Total Liabilities | 2,739 | 2,332 | 9,023 | 14,286 | 20,049 |
| Fixed Assets + | 2,038 | 1,945 | 5,833 | 11,992 | 11,446 |
| CWIP | 0 | 0 | 5 | 0 | 0 |
| Investments | 215 | 65 | 918 | 102 | 186 |
| Other Assets + | 486 | 321 | 2,266 | 2,192 | 8,416 |
| Total Assets | 2,739 | 2,332 | 9,023 | 14,286 | 20,049 |
Financials of Vertis Infrastructure Trust
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 170 | 503 | 1,247 | 1,237 | 3,302 |
| Cash from Investing Activity + | -48 | -119 | -3,519 | -5,384 | -362 |
| Cash from Financing Activity + | -86 | -386 | 2,364 | 4,471 | -2,707 |
| Net Cash Flow | 37 | -2 | 92 | 324 | 233 |
| Free Cash Flow | 165 | 503 | 1,231 | -5,525 | 3,265 |
| CFO/OP | 120% | 127% | 156% | 90% | 125% |
Financials of Vertis Infrastructure Trust
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 7 | 0 | 6 | 3 | 8 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 7 | 0 | 6 | 3 | 8 |
| Working Capital Days | -431 | -36 | -164 | -134 | -14 |
| ROCE % | 14% | 12% | 10% | 11% |
Guidance history
How Vertis Infrastructure Trust's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 0–10% | Flat | — | — | — |
| Q3 FY26 call → | 10–20% | Flat | — | — | — |
| Q2 FY26 call → | 10–20% | Flat | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
67 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 | +10.5% | 69% |
| Last 6 months | +6.5% | 63% |
| Last 3 months | +4.5% | 71% |
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 Vertis Infrastructure Trust: 0.4 × 69 + 0.4 × 63 + 0.2 × 71 = 67.
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 16 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 Vertis Infrastructure Trust's management said in earlier quarters
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