Who are IndiGrid Infrastructure Trust's main competitors?

Named competitors: Powergrid Infrastructure Investment Trust (private or unlisted). The cockpit's measured peer set (industry) also includes Tamburi Investment Partners (TIP.MI), Yangzijiang Maritime Development (8YZ.SI), Peugeot Invest (PEUG.PA), Storskogen (STOR-B.ST), Georgia Capital (CGEO.L), LunR Royalties (LUNR.TO).

Is IndiGrid Infrastructure Trust expensive compared with its peers?

On forward p/e it trades at 21.4× against a peer median of 9.7×, 4th most expensive of 14 in its peer set.

How has IndiGrid Infrastructure Trust stock performed?

Over six months to 6 Nov 2026 the shares returned -1.2% against +2.3% for the median peer; over one year -1.4%.

← CockpitCompetitor Analysis › INDIGRID.NS IndiGrid Infrastructure TrustOpen in the cockpit ↗

IndiGrid Infrastructure TrustINDIGRID.NSCompetitor analysis, valuation and peers

India · INR·Financials›Financial Conglomerates

Indian infrastructure investment trust owning and operating power transmission lines and renewable energy assets for steady payouts.

≈ An Indian power-grid income trust, like a transmission-focused REITMomentum neutral 57

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.72B

US dollars, full cap

Free float

87%

of shares outstanding

$/day

$1.32M

20-day average traded

Fwd P/E

21.4×

forward earnings

ROIC−WACC

n/a

WACC 8.0%

Hurdle

n/a

no reverse DCF

Next earnings

83 days

28 Jan 2027

Close · INR₹171.40

1D+0.3%

1W+1.8%

1M+1.4%

3M-4.0%

6M-1.2%

YTD+1.9%

1Y-1.4%

ATR %1.2%

Beta0.17

52w lowhigh5.2% off high

What IndiGrid Infrastructure Trust does

Indian infrastructure investment trust owning and operating power transmission lines and renewable energy assets for steady payouts.

Is paid for keeping power lines available, not for how much electricity flows through them, and passes most cash to unit holders, as an infrastructure investment trust (InvIT) must. That makes income depend on uptime and tariff contracts more than on power demand.

In one line: An Indian power-grid income trust, like a transmission-focused REIT.

Products and services

Power transmission line assets
Renewable energy assets
Payouts to unit holders

Customers

State/central power utilities (offtakers)
Unit holders (investors)

Where it sits in the supply chain

Power infrastructure
Transmission & renewable assets
Infrastructure Investment Trust

What could go right

India grid expansion and asset monetization
Renewable integration driving new transmission

What could go wrong

Interest-rate sensitivity of payout yield
Acquisition execution/leverage risk

Moat: narrow (regulatory licence, installed base). Long-term regulated tariff/annuity contracts on operating transmission assets provide stable cash flow.

Headquarters: Mumbai, India · Founded: 2016

Named competitors

Powergrid Infrastructure Investment Trust private or unlisted

IndiGrid Infrastructure Trust at a glance

Size IndiGrid Infrastructure Trust (INDIGRID.NS) is an India Financials company (Financial Conglomerates) with a market value of $1.72B, the 412th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹171.40 on 6 Nov 2026.

Performance Over six months the shares fell 1.2%, against +2.3% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 52.3% over the last twelve months (peer median +9.9%); the operating margin is 41.2% (peer median 14.2%).

Valuation It trades at 21.4× forward earnings against a peer median of 9.7× (4th most expensive of 14).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: IndiGrid Infrastructure Trust against the median of its 20 peers (local-currency closes).

IndiGrid Infrastructure Trust financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹50.2B	₹47.7B	₹32.9B	₹28.6B	₹23.3B
Revenue growth	—	+45%	+15%	+23%	—
Gross profit	₹22.5B	₹21.6B	₹19.9B	₹17.4B	₹15.4B
EBITDA	₹32.4B	₹30.8B	₹28.9B	₹24.4B	₹20.9B
Net income	₹5.65B	₹3.94B	₹3.98B	₹2.85B	₹4.56B
Free cash flow	n/a	-₹21.6B	₹7.10B	-₹18.5B	-₹6.96B
Capital expenditure	n/a	₹39.0B	₹7.64B	₹32.3B	₹18.4B
Total debt	n/a	₹214B	₹201B	₹193B	₹145B

Quarterly statements and history in the cockpit →

IndiGrid Infrastructure Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. IndiGrid Infrastructure Trust is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. IndiGrid Infrastructure Trust is the large dot.

IndiGrid Infrastructure Trust competitors and peer comparison

How IndiGrid Infrastructure Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

IndiGrid Infrastructure Trust against its 20 peers (data as of 6 Nov 2026)
Measure	INDIGRID.NS	Peer median	Rank in peer set
1-month return	+1.4%	+2.6%	11th highest of 21
6-month return	-1.2%	+2.3%	9th lowest of 21
Distance from 52-week high	-5.2%	-19.1%	3rd highest of 21
Revenue growth (TTM)	+52.3%	+9.9%	5th highest of 16
Operating margin	41.2%	14.2%	5th highest of 17
Forward P/E	21.4×	9.7×	4th most expensive of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
IndiGrid Infrastructure Trust INDIGRID.NS	India	$1.72B	-1%	+52%	41%	21.4×	n/a	n/a
Tamburi Investment Partners TIP.MI	Italy	$1.72B	+5%	+353%	-539%	14.0×	n/a	n/a
Yangzijiang Maritime Development 8YZ.SI	Singapore	$1.59B	-14%	+18%	74%	12.4×	n/a	n/a
Peugeot Invest PEUG.PA	France	$1.54B	-16%	-101%	n/a	6.3×	n/a	n/a
Storskogen STOR-B.ST	Sweden	$1.97B	+25%	+2%	6%	11.6×	n/a	n/a
Georgia Capital CGEO.L	United Kingdom	$2.03B	+20%	n/a	n/a	n/a	n/a	n/a
LunR Royalties LUNR.TO	Canada	$1.46B	-28%	n/a	-53%	311.3×	n/a	n/a
Kinnevik KINV-A.ST	Sweden	$2.04B	+27%	+675%	-9,423%	7,720.0×	n/a	n/a
Hyosung 004800.KS	South Korea	$1.42B	-49%	+10%	15%	6.2×	n/a	n/a
Ratos RATO-A.ST	Sweden	$1.38B	+24%	-23%	5%	9.7×	n/a	n/a
Financiere Moncey FMONC.PA	France	$2.19B	-21%	n/a	n/a	n/a	n/a	n/a
Bure Equity BURE.ST	Sweden	$2.30B	+12%	-3%	2,018%	n/a	n/a	n/a
Viel & Cie VIL.PA	France	$1.25B	-1%	+6%	15%	n/a	n/a	n/a
Hyperliquid Strategies PURR	United States	$2.45B	+104%	n/a	-60%	24.0×	n/a	n/a
Next Generation Technology 319A.T	Japan	$1.17B	+55%	+35%	13%	n/a	n/a	n/a
Morgan Stanley Direct Lending Fund MSDL	United States	$1.15B	-12%	-15%	56%	7.6×	n/a	n/a
Zhejiang Provincial New Energy Investment 600032.SS	China	$2.59B	-27%	-6%	27%	n/a	n/a	n/a
Jefferson Capital JCAP	United States	$1.14B	-1%	+73%	46%	6.7×	n/a	n/a
Strive ASST	United States	$2.73B	+35%	+650%	-14,416%	4.2×	n/a	n/a
L1 Gold Fund LGF.AX	Australia	$1.02B	+15%	n/a	n/a	n/a	n/a	n/a
Kyivstar KYIV	United States	$2.96B	-4%	+26%	36%	9.0×	n/a	n/a

Questions

Who are IndiGrid Infrastructure Trust's main competitors?: Named competitors: Powergrid Infrastructure Investment Trust (private or unlisted). The cockpit's measured peer set (industry) also includes Tamburi Investment Partners (TIP.MI), Yangzijiang Maritime Development (8YZ.SI), Peugeot Invest (PEUG.PA), Storskogen (STOR-B.ST), Georgia Capital (CGEO.L), LunR Royalties (LUNR.TO).
Is IndiGrid Infrastructure Trust expensive compared with its peers?: On forward p/e it trades at 21.4× against a peer median of 9.7×, 4th most expensive of 14 in its peer set.
How has IndiGrid Infrastructure Trust stock performed?: Over six months to 6 Nov 2026 the shares returned -1.2% against +2.3% for the median peer; over one year -1.4%.