National Highways Infra Trust has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
National Highways Infra Trust (NHIT) has submitted its annual valuation report for FY25, prepared by independent valuer Ernst & Young Merchant Banking Services LLP. The total enterprise value of its 26 toll road assets (held through 3 SPVs — NWPPL, NEPPL and NSPPL) is valued at Rs. 47,130.10 crore, with SPV-level equity value at Rs. 7,387.90 crore. The Net Asset Value (NAV) at the Trust level stands at Rs. 260,074 crore, translating to Rs. 134.28 per unit pre-distribution and Rs. 133.88 per unit post the proposed Rs. 767 million distribution. The valuation was done using the DCF method. Total road length is ~2,343 km (11,967 lane km) spread across 13 states, with the latest Round 4 (NSPPL) assets effective from 1 April 2025.
This is a routine annual valuation disclosure required under SEBI InvIT regulations. The NAV per unit (Rs. 134.28) gives unitholders a reference value of their holdings. The slight gap between pre and post-distribution NAV reflects the upcoming payout. Since this is a regulatory disclosure rather than new operational news, it is unlikely to drive significant price movement on its own.