National Highways Infra Trust
The NHIT is registered as an irrevocable Trust under the Indian Trust Act 1882 and is registered as an InvIT under SEBI (Infrastructure Investment Trust) Regulations 2014. Currently, five road projects – Palanpur-Abu Road, Abu Road-Swaroopganj, Chitt...
Key Metrics
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Operating Cashflow to total debt
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Experienced sponsor with strategic importance to the GoI
Geographically-diversified portfolio of toll road projects with healthy toll collection
CA providing long-term revenue visibility
CA providing long-term revenue visibility
Liquidity: Strong
Cons
Inherent O&M and MM risks with interest rate risk
Inherent traffic risk
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About National Highways Infra Trust bond.
This comprehensive profile covers key factual information about National Highways Infra Trust. The NHIT is registered as an irrevocable Trust under the Indian Trust Act 1882 and is registered as an InvIT under SEBI (Infrastructure Investment Trust) Regulations 2014. Currently, five road projects – Palanpur-Abu Road, Abu Road-Swaroopganj, Chittorgarh-Kota, Kothakota-Kurnool, and Belgaum-Kagal – with a total stretch of 388.83 km are transferred to the InvIT. The InvIT, through a project SPV, NHIPPL, has signed a CA with the NHAI for 30 years on a TOT basis. The InVIT was listed in November 2021. All five project assets have received appointed date as December 16, 2021, and have commenced tolling operations. The NHIT has transferred additional three road assets – Agra Bypass, Borkhedi-Wadner-Kelapur, and the ShivpuriJhansi section – under the InvIT and signed a CA with the NHAI for 20 years on September 26, 2022. EPS in Mar-2024 was 22.42. Current ratio in Mar-2024 was 0.49. Debt/Equity in Mar-2024 was 0.87. Debt/EBITDA in Mar-2024 was 16.50. Interest coverage ratio in Mar-2024 was 1.84. Operating Cashflow to total debt in Mar-2024 was 0.06. Total revenue for Mar-2025(E) was ₹629.69. Net income for Mar-2025(E) stood at ₹266.65. Total assets as of Mar-2024 were ₹27,410.35. Operating cash flow for Mar-2024 was ₹804.61. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), National Bank for Financing Infrastructure and Dev (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of National Highways Infra Trust, Cube Highways Trust, Indinfravit Trust, Shrem InvIT. As of Sep 2024, promoters hold 15.48% while others hold N/A% of equity. Key strengths include: Experienced sponsor with strategic importance to the GoI; Geographically-diversified portfolio of toll road projects with healthy toll collection; CA providing long-term revenue visibility; CA providing long-term revenue visibility; Liquidity: Strong. Key risks include: Inherent O&M and MM risks with interest rate risk; Inherent traffic risk. Leadership team details include Suresh Goyal (Managing Director and Chief Executive Officer (CEO) of NHIT), Mathew George (Chief Financial Officer (CFO) of NHIT), Gunjan Singh (Company Secretary and Compliance Officer of NHIT), Pradeep Singh Kharola (Independent Director on NHIT board), Debapratim Hajara (Nominee Director), Pushkar Kulkarni (Nominee Director), Vinay Kumar (Nominee Director), N R V V M K Rajendra Kumar (Nominee Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.