Capital Infra Trus has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Capital Infra Trust (InvIT) submitted its Q4 & FY25 investor presentation to the exchanges. The trust, sponsored by Gawar Construction Ltd, listed on January 17, 2025 and currently manages 9 HAM road assets with an AUM of Rs. 4,912 Cr and NAV per unit of Rs. 82.26. Distribution since inception stands at Rs. 23.89 per unit. For FY26, management has guided a DPU of Rs. 14.61 per unit (Rs. 6.86 in H1 and Rs. 7.75 in H2), implying a ~14.75% yield on the Rs. 99 issue price. The trust has a pipeline of 17 ROFO HAM assets worth Rs. 17,000+ Cr in bid project cost and aims to nearly double AUM to ~Rs. 11,000 Cr by FY27E, with a long-term target of ~USD 5 Billion AUM by 2030. FY25 financials showed total income of Rs. 1,706.63 Mn, NDCF of Rs. 6,578.50 Mn, and a net loss of Rs. 373.10 Mn (largely due to non-cash items).
The FY26 DPU guidance of Rs. 14.61/unit (down from Rs. 23.89 in FY25) is clearly flagged as more sustainable and not reliant on reserve releases, which should help set realistic expectations. The visible ROFO pipeline and AUM growth targets (2x by FY27, 10x by 2030) provide a clear growth runway, though execution and timely acquisition of the 17 pipeline assets will be key for unitholders.