Capital Infra Trus has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
Capital Infra Trust (formerly National Infrastructure Trust), an InvIT sponsored by Gawar Construction Limited, has submitted its annual valuation report for the financial year ended March 31, 2025, prepared by registered valuer Mr. S Sundararaman. The report values all 9 of its Special Purpose Vehicles (SPVs), which are Hybrid Annuity Model (HAM) road assets spread across Haryana, Rajasthan, Uttarakhand, Himachal Pradesh, Madhya Pradesh, Bihar, and Karnataka. The total fair enterprise value of the SPVs is Rs. 43,426 million, with adjusted enterprise value of Rs. 46,682 million (including cash), arrived at using the Discounted Cash Flow method. The Net Asset Value (NAV) of the Trust is Rs. 82.26 per unit, based on net assets of Rs. 22,653.52 million and 275.40 million outstanding units. Total assets stand at Rs. 49,121.77 million against liabilities of Rs. 26,468.25 million. The InvIT has been listed on NSE and BSE since January 17, 2025, and the sponsor (Gawar Construction) holds 42.12% of units.
For unitholders, this filing provides a baseline picture of the Trust's asset valuation and NAV per unit. The NAV of Rs. 82.26/unit reflects the underlying value of the road portfolio, which could serve as a reference for unit price performance and for tracking whether the market price trades at a premium or discount to NAV.