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Anzen India Energy Yield Plus Trust

ANZEN NSE
₹131.90 No trade today
P/E
113.71
View as Markdown
MCP
Close 2 Nov 2026 ₹131.90 +16.90 +14.7% 1Y
Start ₹115.00

Key Fundamentals

MicrocapPowerUtilities

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
3.28%
Debt to Equity
2.48
EPS (TTM)
₹1.16
Book Value
₹86.94
Market Cap
—
P/E (TTM)
113.71
P/B
1.52
ROE
−0.20%
Dividend Yield
2.33%
EBITDA
₹393 Cr
52W High
₹132.90
52W Low
₹114.00
Volume
0

Peer Comparison

Utilities › Power › Power - Transmission

Anzen India Energy Yield Plus Trust peer comparison
Power Grid
₹262.0515.33₹2,39,072 Cr2.281.16%15.30%9.10%₹47,374 Cr₹15,895 Cr
IndiGrid Infrastructure Trust
₹169.6927.82₹16,289 Cr1.562.42%7.23%7.99%₹5,015 Cr₹570 Cr
Powergrid Infrastructure Investment Trust
₹104.9210.54₹9,619 Cr1.162.84%11.90%11.60%₹1,256 Cr₹906 Cr
TRIVENI POWER TRANS
₹470.1059.51₹4,912 Cr242.320.00%−8.85%−9.01%₹360 Cr₹82 Cr
Anzen India Energy Yield Plus Trust (this company)
₹131.90113.71₹4,433 Cr1.522.33%−0.20%3.28%₹648 Cr₹46 Cr
Median 5 companies₹169.6927.82₹9,619 Cr1.562.33%7.23%7.99%₹1,256 Cr₹570 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 98/100

Category scores

Quality
54
Average
Returns, margins, earnings quality 22% weight
Valuation
41
Weak
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
15
Poor
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

3
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.37% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3511
OscillatorsBearish351
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
54.72
Neutral
MACD (12,26,9)
0.09
Bearish
SMA (50)
129.03
Bullish
SMA (200)
117.97
Bullish

As of

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+69.41%
1Y+77.82%
TTM+107.03%

Net profit

Net profit growth by window
3YTurned to profit
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
3Y+69.03%
1Y+77.08%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y−1.33 pp
1Y−4.06 pp
TTM−8.24 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹94.00 Cr
Mar 2024₹243 Cr
Mar 2025₹257 Cr
Mar 2026₹457 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023−₹32.00 Cr
Mar 2024−₹30.00 Cr
Mar 2025−₹16.00 Cr
Mar 2026₹1.00 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Anzen India Energy Yield Plus Trust is a utilities-sector infrastructure investment trust with a market cap of ₹4,335 Cr, trading at a P/B of 1.37x and offering a dividend yield of 8.53%. The trust has delivered strong TTM sales growth of 78% and profit growth of 85%, but carries a negative 3-year ROE of -1.37% and faces concerns around declining promoter holding and interest coverage.

Bull Case 8
  • TTM revenue growth of 78% indicates a significant ramp-up in operational cash flows from underlying energy assets
  • TTM profit growth of 85% demonstrates improving profitability and potentially better asset utilization
  • Dividend yield of 8.53% is significantly higher than most listed Indian equities and fixed deposit rates, providing attractive income
  • 3-year compounded sales CAGR of 70% shows sustained top-line momentum, not just a one-off spike
  • 3-year compounded profit CAGR of 24% confirms the trust has been scaling earnings over a multi-year period
  • Stock price CAGR of 13% over 1 year and 9% over 3 years shows steady capital appreciation alongside high distributions
  • P/B ratio of 1.37x suggests the trust is trading close to its net asset value, not at an excessive premium
  • Company is expected to deliver a good upcoming quarter based on operational visibility
Bear Case 8
  • 3-year average ROE of -1.37% indicates the trust has not generated positive returns on equity capital over an extended period
  • Promoter holding declined by 20.8% in the last quarter, signaling potential lack of confidence or dilution concerns
  • Current promoter holding at just 23.2% is low, reducing alignment between promoter interests and unitholders
  • Low interest coverage ratio raises concerns about the trust's ability to service debt obligations from operating cash flows
  • Potential capitalization of interest costs may be masking the true extent of financing expenses and inflating reported asset values
  • PE ratio of 3,225x is extremely elevated, suggesting current earnings are negligible relative to the market valuation
  • Debt-to-equity ratio is undisclosed (null), making it difficult to assess leverage risk in an infrastructure trust structure
  • Limited operating history with no 5-year or 10-year growth data available, making long-term track record assessment impossible

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: A quiet period for Anzen India Energy Yield Plus Trust with only routine governance updates — an AGM, a board-level appointment, and a quarterly unitholding disclosure. No material operational or financial catalysts emerged. Public holding at 76.09% indicates healthy float. With no headwinds or positive triggers in the recent news flow, the near-term trajectory will depend on upcoming distribution announcements and asset-level performance updates.

Neutral 3
  • 4th AGM held via VC/OAVM Jul 28

    Anzen India Energy Yield Plus Trust held its 4th Annual General Meeting on July 28, 2026. Unitholders adopted financial statements and valuation reports for FY26.

  • Amit Agarwal appointed Additional Director Jul 24

    EAAA Real Assets Managers Limited appointed Amit Agarwal as Additional Director (Non-Executive) of the Investment Manager, effective July 24, 2026.

  • Q1FY27 unitholding pattern disclosed Jul 10

    Sponsors hold 23.91% while public holding stands at 76.09% as per the Q1FY27 unitholding pattern disclosure.

Quarterly Results

₹ Cr
ANZEN quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
63
63
63
62
63
63
63
77
110
101
104
155
288
Expenses
8
7
6
8
8
7
7
12
12
21
14
38
57
Operating Profit
55
56
56
54
55
56
56
65
99
80
90
117
231
OPM %
88%
89%
90%
86%
88%
89%
89%
84%
89%
80%
86%
75%
80%
Other Income
0
1
0
0
2
0
0
0
0
2
0
5
1
Interest
16
16
16
16
16
16
16
27
40
40
43
64
105
Depreciation
47
47
47
47
42
43
43
46
52
54
53
57
70
PBT
−7
−6
−7
−9
−2
−3
−3
−8
7
−12
−6
1
57
Tax %
6%
8%
4%
4%
19%
12%
7%
−3%
−33%
−31%
−30%
−169%
6%
Net Profit
−7
−7
−7
−9
−2
−3
−3
−8
10
−8
−4
4
54
EPS (₹)
−0.45
−0.44
−0.43
−0.56
−0.13
−0.21
−0.2
−0.39
0.49
−0.41
−0.2
0.07
1.7

Profit & Loss

₹ Cr
ANZEN profit and loss, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
94
243
257
457
648
Expenses
15
29
34
80
130
Operating Profit
79
213
223
378
518
OPM %
84%
88%
87%
83%
80%
Other Income
6
9
11
16
9
Interest
44
64
75
186
251
Depreciation
77
187
174
216
234
PBT
−36
−28
−16
−9
42
Tax %
−11%
5%
4%
−113%
—
Net Profit
−32
−30
−16
1
46
EPS (₹)
−2.02
−1.88
−0.83
−0.03
1.16

Balance Sheet

₹ Cr
ANZEN balance sheet, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,562
1,562
1,957
2,652
Reserves
−52
−236
−407
−617
Borrowings
742
744
1,916
5,044
Other Liabilities
73
22
85
207
Total Liabilities
2,326
2,093
3,552
7,285
Fixed Assets
2,098
1,912
3,265
6,022
CWIP
0
0
0
9
Investments
131
68
81
207
Other Assets
97
113
205
1,047
Total Assets
2,326
2,093
3,552
7,285

Cash Flow

₹ Cr
ANZEN cash flow, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Operating
88
163
240
425
Investing
−1,492
69
−1,527
−3,196
Financing
1,411
−216
1,326
3,345
Net Cash Flow
7
16
38
575
Free Cash Flow
−1,257
161
−1,287
−2,479
CFO/EBITDA
119
77
109
111

Ratios

ANZEN financial ratios, annual
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
5
0
0
29
Cash Conversion Cycle
5
0
0
29
Working Capital Days
−11
75
−603
−450
ROCE %
—
1%
2%
3%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Anzen India Energy Yield Plus Trust insights

30 extracted metrics across FY23–FY27.

Shareholding Pattern

As of Sep 2026

  • Others 58.32%
  • Promoters 23.91%
  • Public 14.40%
  • DIIs 3.38%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Anzen India Energy Yield Plus Trust

What does Anzen India Energy Yield Plus Trust do?
Anzen India Energy Yield Plus Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial AuM of over INR 2,300 cr.
Where is Anzen India Energy Yield Plus Trust (ANZEN) listed?
Anzen India Energy Yield Plus Trust trades as ANZEN on the NSE and under code 543655 on the BSE.
Which sector does Anzen India Energy Yield Plus Trust belong to?
Anzen India Energy Yield Plus Trust is classified under the Utilities sector, in the Power industry.
What is the PE ratio of Anzen India Energy Yield Plus Trust?
Anzen India Energy Yield Plus Trust trades at a PE ratio of 113.71 as of 4 Nov 2026, on earnings per share of ₹1.16, against a book value of ₹86.94 per share.
What is the 52-week high and low of Anzen India Energy Yield Plus Trust?
Over the last 52 weeks Anzen India Energy Yield Plus Trust has traded between ₹114 and ₹132.9 as of 4 Nov 2026.
Does Anzen India Energy Yield Plus Trust pay dividends?
Anzen India Energy Yield Plus Trust has a dividend yield of 2.33%.
What is the Return on Equity (ROE) of Anzen India Energy Yield Plus Trust?
Anzen India Energy Yield Plus Trust reported a return on equity of -0.20%. Its debt-to-equity ratio is 2.48.

Company Information

Anzen India Energy Yield Plus Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial AuM of over INR 2,300 cr. The Trust would be looking to invest in a diversified portfolio of energy assets including transmission lines and renewable power projects to provide long term predictable yield and growth to its investors.

Listed 16 Nov 2022
Face Value ₹117

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