Ndr Invit Trust
NDRIT has been settled by the Sponsor (NDR Warehousing Private Limited), as a contributory, determinate and irrevocable trust under the provisions of the Trusts Act in Mumbai, India pursuant to the Trust Deed. NDR InvIT Trust has been registered with...
Key Metrics
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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
Strategically placed warehousing assets
Diversified tenant profile with strong cash-flow visibility
Comfortable leverage despite proposed acquisition of operational assets
Strong market presence and established track record of sponsor
Favourable demand outlook for warehousing industry
Liquidity: Strong
Cons
Moderate vacancy risks and market risks
Refinancing risks
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About Ndr Invit Trust bond.
This comprehensive profile covers key factual information about Ndr Invit Trust. NDRIT has been settled by the Sponsor (NDR Warehousing Private Limited), as a contributory, determinate and irrevocable trust under the provisions of the Trusts Act in Mumbai, India pursuant to the Trust Deed. NDR InvIT Trust has been registered with Securities and Exchange Board of India (SEBI) as an infrastructure investment trust under the InvIT Regulations on June 5, 2023. NDRIT raised ₹880 crore in February 2024 and has acquired a portfolio of 20 SPVs operating 33 warehouses in India. EPS in Mar-2023 was 2.48. Current ratio in Mar-2023 was 0.70. Debt/Equity in Mar-2023 was 9.64. Debt/EBITDA in Mar-2023 was 9.33. Interest coverage ratio in Mar-2023 was 0.51. Operating Cashflow to total debt in Mar-2023 was 0.15. Total revenue for Mar-2025(E) was ₹23.99. Net income for Mar-2025(E) stood at ₹-4.90. Total assets as of Mar-2024 were ₹1,888.44. Operating cash flow for Mar-2024 was ₹226.00. The company’s borrowing relationships include State Bank of India (₹N/A Cr), Bank of Baroda (₹N/A Cr), Punjab National Bank (₹N/A Cr), Axis Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Not Applicable (₹N/A Cr), Not Applicable (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Punjab National Bank (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), State Bank of India (₹N/A Cr), Bank of Baroda (₹N/A Cr), Canara Bank (₹N/A Cr), Bank of Baroda (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Punjab National Bank (₹N/A Cr), Bank of Baroda (₹N/A Cr). Peers and comparison entities consist of Ndr Invit Trust, Container Corporation of India Limited, Delhivery Limited, Blue Dart Express Limited. As of Sep 2024, promoters hold 40.39% while others hold N/A% of equity. Key strengths include: Strategically placed warehousing assets; Diversified tenant profile with strong cash-flow visibility; Comfortable leverage despite proposed acquisition of operational assets; Strong market presence and established track record of sponsor; Favourable demand outlook for warehousing industry; Liquidity: Strong. Key risks include: Moderate vacancy risks and market risks; Refinancing risks. Leadership team details include Krishnan S Iyer (CEO of NDR InvIT Managers, which manages NDR InvIT. He is responsible for strategy, investments, and M&As.), Sandeep Jain (Chief Financial Officer of the Investment Manager. He is a member of the Indian Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.), G. K. Ravishankar (Independent Director on the board of directors of the Investment Manager. He is an associate of the Institute of Chartered Accountants of India.), Neha Chovatia (Company Secretary), Shilpa Singhvi (Senior Manager at NDR Group), CS Devesh Awasthi (Company Secretary). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.