Sustainable Energy Infra Trust
SEIT is a renewable energy InvIT sponsored by Mahindra Susten and OTPP, with Sustainable Energy Infra Investment Managers Pvt Ltd as its investment manager, Green Energy Infra Project Managers Pvt Ltd as its project manager, and Axis Trustee Services...
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
Revenue visibility with long-term PPAs and healthy generation track record
Healthy financial risk profile
Liquidity: Superior
Cons
Exposure to receivables from state discoms
Susceptibility to risks inherent in operating renewable assets
Moderate refinancing risks
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About Sustainable Energy Infra Trust bond.
This comprehensive profile covers key factual information about Sustainable Energy Infra Trust. SEIT is a renewable energy InvIT sponsored by Mahindra Susten and OTPP, with Sustainable Energy Infra Investment Managers Pvt Ltd as its investment manager, Green Energy Infra Project Managers Pvt Ltd as its project manager, and Axis Trustee Services Ltd serving as the trustee. The InvIT received registration certificate from the Securities and Exchange Board of India on August 11, 2023, and listed its units on January 15, 2024. EPS in Mar-2023 was 2.37. Current ratio in Mar-2023 was 0.87. Debt/Equity in Mar-2023 was 7.65. Debt/EBITDA in Mar-2023 was 7.56. Interest coverage ratio in Mar-2023 was 1.27. Operating Cashflow to total debt in Mar-2023 was 0.14. Total revenue for Mar-2024 was ₹187.46. Net income for Mar-2024 stood at ₹13.57. Total assets as of Mar-2023 were ₹5892.57. Operating cash flow for Mar-2023 was ₹704.05. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), India Infrastructure Finance Company Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr). Peers and comparison entities consist of Sustainable Energy Infra Trust, Adani Energy Solutions Limited, Kalpataru Projects International Limited, Reliance Infrastructure Limited. As of Sep 2024, promoters hold 61.42% while others hold N/A% of equity. Key strengths include: Revenue visibility with long-term PPAs and healthy generation track record; Healthy financial risk profile; Liquidity: Superior. Key risks include: Exposure to receivables from state discoms; Susceptibility to risks inherent in operating renewable assets; Moderate refinancing risks. Leadership team details include Mr.Avinash Rao (Chief Executive Officer), Mr.Gaurav Malhotra (Chief Financial Officer), Mr.Ankit Dewan (Company Secretary), Mr.Devjeet Ghosh (Compliance Officer), Mr.Bruce Ross Crane (Director), Mr.Debapratim Hajara (Director), Mr.Puneet Renjhen (Director), Ms.Priya Subbaraman (Independent Director), Mr.Sadashiv S Rao (Independent Director), Mr.Sumit Dayal (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.