---
title: "Anzen India Energy Yield Plus Trust (ANZEN) — Share Price, Financials & Analysis"
symbol: "ANZEN"
company: "Anzen India Energy Yield Plus Trust"
canonical: "https://tapetide.com/stocks/ANZEN"
isin: "INE0MIZ23019"
nse_symbol: "ANZEN"
bse_code: "543655"
sector: "Utilities"
industry: "Power"
market_cap_cr: 4345.29
generated_at: "2026-09-13T19:30:32.845Z"
---

# Anzen India Energy Yield Plus Trust (ANZEN)

Canonical page: https://tapetide.com/stocks/ANZEN

## Company

- **NSE Symbol:** ANZEN
- **BSE Code:** 543655
- **ISIN:** INE0MIZ23019
- **Sector:** Utilities
- **Industry:** Power
- **Macro Sector:** Utilities
- **Stock Type:** EQUITY
- **Listed Since:** 2022-11-16
- **Face Value:** ₹117
- **F&O Eligible:** No

## About

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.

## Latest Price

- **Price:** ₹129.3
- **Change:** +0.3 (+0.23%)
- **Open:** ₹129.3
- **Day High:** ₹129.3
- **Day Low:** ₹129.3
- **Previous Close:** ₹129
- **Volume:** 25000
- **As Of:** 2026-09-09T09:38:48+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:15.780701Z.

- **Market Cap:** ₹4345.29 Cr
- **Classification:** Microcap
- **P/E (reported):** 72.6
- **P/E (TTM):** 111.47
- **EPS (TTM):** ₹1.16
- **EPS (reported):** ₹0
- **Book Value:** ₹94.29
- **Price to Book:** 1.37
- **Dividend Yield:** 10.83%
- **ROE:** 0.05%
- **ROCE:** 2.73%
- **Debt to Equity:** 2.48
- **Revenue (yearly):** ₹477.7 Cr
- **Net Income:** ₹1.1 Cr
- **EBITDA:** ₹393.2 Cr
- **52-Week High:** ₹132.9
- **52-Week Low:** ₹114

## Tapetide Score

- **Score:** 47 / 100
- **Score date:** 2026-08-28
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 35.7 (of 4469 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 15.4 | 9% |
| growth | 98.9 | 9% |
| momentum | 10.77 | 12% |
| ownership | 49.26 | 24% |
| quality | 53.55 | 22% |
| valuation | 41.4 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- 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

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | 77.01% | 160.56% |
| ebitda margin growth | 90.85% | -5.67% | -6.87% |
| net income growth | — | -106.79% | 24% |
| revenue growth | 80.78% | 78.45% | 70% |
| roce | 150.19% | 39.29% | 58.72% |
| roe | — | -104.76% | -1.08% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 63 | 63 | 62 | 63 | 63 | 63 | 77 | 110 | 101 | 104 | 155 | 288 |
| Expenses | 7 | 6 | 8 | 8 | 7 | 7 | 12 | 12 | 21 | 14 | 38 | 57 |
| Operating Profit | 56 | 56 | 54 | 55 | 56 | 56 | 65 | 99 | 80 | 90 | 117 | 231 |
| OPM % | 89 | 90 | 86 | 88 | 89 | 89 | 84 | 89 | 80 | 86 | 75 | 80 |
| Other Income | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | 0 | 5 | 1 |
| Interest | 16 | 16 | 16 | 16 | 16 | 16 | 27 | 40 | 40 | 43 | 64 | 105 |
| Depreciation | 47 | 47 | 47 | 42 | 43 | 43 | 46 | 52 | 54 | 53 | 57 | 70 |
| Profit before tax | -6 | -7 | -9 | -2 | -3 | -3 | -8 | 7 | -12 | -6 | 1 | 57 |
| Tax % | 8 | 4 | 4 | 19 | 12 | 7 | -3 | -33 | -31 | -30 | -169 | 6 |
| Net Profit | -7 | -7 | -9 | -2 | -3 | -3 | -8 | 10 | -8 | -4 | 4 | 54 |
| EPS in Rs | -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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| 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 |
| Profit before tax | -36 | -28 | -16 | -9 | 42 |
| Tax % | -11 | 5 | 4 | -113 | — |
| Net Profit | -32 | -30 | -16 | 1 | 46 |
| EPS in Rs | -2.02 | -1.88 | -0.83 | -0.03 | 1.16 |
| Dividend Payout % | -118 | -129 | -295 | -11049 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 1562 | 1562 | 1957 | 2652 |
| Reserves | -52 | -236 | -407 | -617 |
| Borrowings | 742 | 744 | 1916 | 5044 |
| Other Liabilities | 73 | 22 | 85 | 207 |
| Total Liabilities | 2326 | 2093 | 3552 | 7285 |
| Fixed Assets | 2098 | 1912 | 3265 | 6022 |
| CWIP | 0 | 0 | 0 | 9 |
| Investments | 131 | 68 | 81 | 207 |
| Other Assets | 97 | 113 | 205 | 1047 |
| Total Assets | 2326 | 2093 | 3552 | 7285 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 88 | 163 | 240 | 425 |
| Cash from Investing Activity | -1492 | 69 | -1527 | -3196 |
| Cash from Financing Activity | 1411 | -216 | 1326 | 3345 |
| Net Cash Flow | 7 | 16 | 38 | 575 |
| Free Cash Flow | -1257 | 161 | -1287 | -2479 |
| CFO/OP | 119 | 77 | 109 | 111 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.43% | 74.43% | 74.43% | 71.01% | 71.01% | 71.01% | 57.19% | 43.95% | 23.19% | 21.25% | 7.3% | 23.91% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.77% | 1.65% | 0% | 0% | 0% | 0% | 2.49% | 2.43% | 3.75% | 3.9% | 3.6% | 3.38% |
| Government | 0% | 0% | 0% | 1.52% | 2.41% | 6.96% | 5.61% | 5.61% | 6.88% | 6.88% | 3.79% | 0% |
| Public | 0.63% | 0.76% | 0.63% | 0.63% | 0.63% | 0.63% | 2% | 6.58% | 18.1% | 19.75% | 16.59% | 14.72% |
| Others | 23.16% | 23.16% | 24.94% | 26.84% | 25.95% | 21.39% | 32.72% | 41.44% | 48.08% | 48.22% | 68.72% | 57.99% |
| No. of Shareholders | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 130.35 | Sell |
| EMA (10) | 129.81 | Sell |
| SMA (20) | 129.6 | Sell |
| EMA (20) | 130.9 | Sell |
| SMA (50) | 126.99 | Buy |
| EMA (50) | 158.79 | Sell |
| SMA (100) | 236.9 | Sell |
| EMA (100) | 209.49 | Sell |
| SMA (200) | 277.92 | Sell |
| EMA (200) | 280.66 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.68 | Neutral |
| MACD (12,26,9) | -4.08 | Buy |
| Stochastic (14,3,3) | 37.09 | Neutral |
| ADX (14) | 3.87 | Neutral |
| Williams %R (14) | -73.47 | Neutral |
| ATR (14) | 6.65 | High Volatility |
| ROC (12) | -2.05 | Sell |
| Stoch RSI (14) | 30.49 | Neutral |
| UO (7,14,28) | 47.75 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-06 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ce425d5-aef7-4deb-a55f-3300f9443aa7.pdf) |
| 2026-08-04 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5820b67-95d9-43a9-9f5e-19d39ca1bf40.pdf) |
| 2026-08-04 | [Reg 18(6): Disclosure of record date for purpose of distribution](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6bb8fa06-579f-415f-becf-0398e4922b6d.pdf) |
| 2026-08-04 | [Reg 18(6): Disclosure of record date for purpose of distribution](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4cac96c0-d68d-465b-9805-5eff9f60dd07.pdf) |
| 2026-08-04 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e13ce5e0-308a-4246-ae5f-38311f57ab5f.pdf) |
| 2026-08-04 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9bb23ae-610d-4b31-8cca-e8914e327073.pdf) |
| 2026-08-04 | [Compliances-Reg. 54 - Asset Cover details](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7235aed7-ee21-4fab-b2b4-69fe56433fac.pdf) |
| 2026-07-29 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a0f0af4-2791-4aff-bcdd-49f439a1ec6c.pdf) |
| 2026-07-29 | [Reg 23(5)(g): Outcome of Unitholder meetings](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b266e9bf-bb98-497d-b2e9-2f0d9f1448ef.pdf) |
| 2026-07-28 | [Reg 23(5)(g): Outcome of Unitholder meetings](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16332cf6-38d9-4660-b5ae-c6d97f3f2685.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Postal ballot seeks sponsor change, ₹1,100 crore ROFO 2 acquisition, and preferential unit issue on April 16, 2026. | [Reg 23(5)(i): Disclosure of material issue 9h - Postal ballot seeks sponsor change, ₹1,100 crore ROFO 2 acquisition, and preferential unit issue on April 16, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4186e10d-4622-4324-9fa2-ae2cc1a51a38.pdf) |
| 8h - Submitted Q4 FY26 corporate governance compliance report; board vacancy filled on April 10, 2026. | [Reg 26K: Quarterly Compliance Report on Corporate governance 8h - Submitted Q4 FY26 corporate governance compliance report; board vacancy filled on April 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc2c30ba-fcc3-4c70-a7d8-5a8ab806c694.pdf) |
| 8h - Mr. Nilesh Shukla appointed CFO of EAAA Real Assets Managers Limited, effective April 16, 2026. | [Reg 23(5)(i): Disclosure of material issue 8h - Mr. Nilesh Shukla appointed CFO of EAAA Real Assets Managers Limited, effective April 16, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/67c9a0e6-2477-4554-b01c-4f99f8fcc6c9.pdf) |
| 8h - Board meeting on April 16, 2026 to consider raising funds through unit issuance. | [Reg 23(5)(i): Disclosure of material issue 8h - Board meeting on April 16, 2026 to consider raising funds through unit issuance.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c89b2cf4-ecfe-41da-8d57-6a8184abe17a.pdf) |
| 8h - Board meeting on April 16, 2026 to consider fund raising through issuance of units. | [Reg 23(5)(i): Disclosure of material issue 8h - Board meeting on April 16, 2026 to consider fund raising through issuance of units.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/989f1b06-ed72-4325-ba74-36e0da523269.pdf) |
| 7 May - Unitholders approved sponsor change, Kudgi Transmission acquisition, and ₹1,100 crore preferential unit issuance on May 7, 2026. | [Reg 23(5)(i): Disclosure of material issue 7 May - Unitholders approved sponsor change, Kudgi Transmission acquisition, and ₹1,100 crore preferential unit issuance on May 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/13c130fc-638a-44a9-bdeb-44f67846201c.pdf) |
| 6h - Anzen submitted valuation report for proposed 100% acquisition of SEPL Energy Private Limited. | [Reg 21: Disclosure of valuation report received by the manager 6h - Anzen submitted valuation report for proposed 100% acquisition of SEPL Energy Private Limited.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe900064-c73d-4afa-b917-d17c6186f315.pdf) |
| 6h - Anzen signed SPA on Apr 23, 2026 to acquire 100% of SEPL Energy for up to INR 250 million. | [Reg 23(5)(i): Disclosure of material issue 6h - Anzen signed SPA on Apr 23, 2026 to acquire 100% of SEPL Energy for up to INR 250 million.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/33b03fc9-3b00-45e7-bb59-175999892b22.pdf) |
| 30 Mar - SEPL sold 2,000,000 Anzen units on 27-Mar-2026 for Rs25,00,00,000; holding reduced to 17,25,000. | [Reg 23(5)(i): Disclosure of material issue 30 Mar - SEPL sold 2,000,000 Anzen units on 27-Mar-2026 for Rs25,00,00,000; holding reduced to 17,25,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4eae99f-b81e-4457-ba3a-facced236547.pdf) |
| 28 Feb - Completed acquisition of 74% stakes in 11 solar entities; SSUPL debt acquired; SPA dated Jan 23, 2026. | [Reg 23(5)(i): Disclosure of material issue 28 Feb - Completed acquisition of 74% stakes in 11 solar entities; SSUPL debt acquired; SPA dated Jan 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8818ed40-7c7d-4d97-8155-21b5b56caeac.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b3fcbdc-0781-4449-a699-f09699479d73.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2023-11-02 | [Disclosure of Half yearly financial information](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d574c5bb-f6a3-49c9-8543-8e2516d82434.pdf) |
| 2023-08-11 | [Financial Results Of Anzen For The Quarter Ended June 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a4b30af-5fac-4ee0-90d7-e1c8cb9f7421.pdf) |
| 2023-05-25 | [Board Meeting Outcome for Intimation Of Outcome Of The Meeting Of Board Of Directors Of Edelweiss Real Assets Managers Limited (The 'Investment Manager Of Anzen India Energy Yield Plus Trust') Held On May 25, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b8eb4e3-a9c2-433f-95f2-c1743237615d.pdf) |
| 2023-05-25 | [Financial Results Of Anzen For The Financial Year Ended March 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbcfe563-6109-41d6-b00f-0b2c8b99260c.pdf) |
| 2023-02-13 | [Board Meeting Outcome for Intimation Of Outcome Of The Meeting Of Board Of Directors Of Edelweiss Real Assets Managers Limited Held On February 13, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b6e79f7-4526-4056-87b9-0732691a798d.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2023-06-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b3fcbdc-0781-4449-a699-f09699479d73.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_SURANACORP_2009_2010_18082010121500.zip) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531102/5311020317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/531102/5311020316.pdf) |
| from bse | [Financial Year 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/531102/5311020314.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/531102/5311020313.pdf) |
| from bse | [Financial Year 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/531102/5311020311.pdf) |
| from bse | [Financial Year 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/531102/5311020310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:30:32.845Z.