Skip to content
Vertis Infrastructure Trust logo

Vertis Infrastructure Trust

VERTIS NSE
₹115.00

Close ·

P/E
20.87
View as Markdown
MCP
Close 2 Nov 2026 ₹115.00 +6.00 +5.50% 1Y
Start ₹109.00

Key Fundamentals

SmallcapTransport InfrastructureServices

Price-based figures at the close · EPS basis: Consolidated · TTM

ROCE
11.00%
Debt to Equity
1.80
EPS (TTM)
₹5.51
Book Value
₹68.32
Market Cap
—
P/E (TTM)
20.87
P/B
1.68
ROE
9.53%
Dividend Yield
2.83%
EBITDA
—
52W High
₹125.00
52W Low
₹103.05

Tapetide Score

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

Overall score

63 Good

Data confidence 95/100

Category scores

Quality
89
Strong
Returns, margins, earnings quality 22% weight
Valuation
61
Good
Cheap vs sector & own history 24% weight
Growth
90
Strong
Sales & profit trajectory 9% weight
Financial Health
19
Poor
Solvency, leverage, coverage 9% weight
Momentum
67
Strong
Trend strength, vol-adjusted 12% weight
Ownership
51
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
  • Stock is trading at 2.71 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 9.99% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish685
OscillatorsBearish180
Moving AveragesNeutral505

Key readings

RSI (14)
48.84
Neutral
MACD (12,26,9)
−0.02
Bearish
SMA (50)
115.48
Bearish
SMA (200)
110.00
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+82.63%
1Y+79.55%
TTM+62.19%

Net profit

Net profit growth by window
3Y+168.75%
1Y+21.10%
TTM+51.48%

Operating cash flow

Operating cash flow growth by window
3Y+87.24%
1Y+166.94%
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+6.39 pp
1Y+1.65 pp
TTM−0.19 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹627 Cr
Mar 2024₹2,035 Cr
Mar 2025₹2,127 Cr
Mar 2026₹3,819 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023₹34.00 Cr
Mar 2024−₹153 Cr
Mar 2025₹545 Cr
Mar 2026₹660 Cr

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

Vertis Infrastructure Trust trades at ₹115 as of 2026-10-30, with a market cap of ₹17,365 Cr and a trailing P/E of 20.87x. The trust has delivered explosive profit growth of 182% compounded over three years alongside 83% compounded sales growth, but carries a debt-to-equity ratio of 1.80 and a relatively modest return on equity of 9.74%.

Bull Case 8
  • Compounded profit growth of 182% over the last three years signals a sharp earnings ramp-up, indicating strong operational momentum
  • TTM profit growth of 77% shows that the earnings acceleration is ongoing and not merely a base-effect phenomenon
  • Compounded sales growth of 83% over three years reflects robust top-line expansion, suggesting healthy demand for the trust's infrastructure services
  • TTM sales growth of 62% confirms continued revenue momentum in the most recent period
  • Dividend yield of 2.83% offers a meaningful income component, which is relevant for an infrastructure trust structure
  • The stock is trading at ₹115, which is 8% below its 52-week high of ₹125, leaving room for recovery if growth sustains
  • The stock has delivered a 1-year CAGR of 11%, outperforming the risk-free rate and indicating positive price momentum
  • The company is expected to deliver a good upcoming quarter, which could act as a near-term catalyst
Bear Case 6
  • Debt-to-equity ratio of 1.80 is elevated, implying significant leverage that increases financial risk in a rising-rate or slowdown scenario
  • Return on equity of 9.74% is modest, and the 3-year average ROE of roughly 10% suggests the trust is not generating high returns on shareholder capital despite rapid growth
  • The stock trades at 2.71 times book value, which is a rich valuation for an entity generating sub-10% ROE — the price-to-book premium may not be justified by returns
  • The apparently low tax rate raises questions about the sustainability of reported earnings; any normalisation of the tax rate would compress net profits
  • The 5-year and last-year ROE both sit at around 10%, showing no improvement in capital efficiency even as revenues and profits have surged
  • With the stock only about 12% above its 52-week low of ₹103.05, recent price action suggests the market has been tepid despite strong reported growth numbers

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

AI News Digest

69d ago

TL;DR: Vertis Infrastructure Trust conducted a routine annual meeting with full unitholder approval of financials and asset valuations, signaling stable governance. No material positive catalysts or risks emerged. The trust appears in steady-state mode with strong institutional alignment, though no growth triggers are visible.

Neutral 1
  • FY26 financials unanimously approved Jul 28

    Unitholders unanimously approved audited FY26 financial statements and independent asset valuation at the 4th Annual Meeting on July 27, 2026, with 100% affirmative votes on all three agenda items.

Quarterly Results

₹ Cr
VERTIS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
235
170
294
1,302
524
512
501
701
830
1,002
1,016
1,055
1,053
Expenses
70
47
88
959
149
118
132
245
187
250
369
298
197
Operating Profit
166
123
207
343
374
393
369
456
644
752
647
757
856
OPM %
70%
72%
70%
26%
71%
77%
74%
65%
78%
75%
64%
72%
81%
Other Income
1
1
1
−359
14
12
26
20
17
−15
−5
70
11
Interest
53
44
77
142
107
82
92
104
223
272
223
213
229
Depreciation
51
34
67
149
155
150
158
196
292
293
294
317
278
PBT
63
45
63
−307
126
173
145
176
146
172
125
297
361
Tax %
8%
2%
36%
−1%
21%
10%
20%
2%
11%
−10%
11%
22%
5%
Net Profit
58
44
41
−303
99
155
117
173
130
188
111
230
342
EPS (₹)
1.33
0.91
0.84
−4.16
1
1.71
1.2
1.01
0.71
1.35
0.66
1.47
2.03

Profit & Loss

₹ Cr
VERTIS profit and loss, annual, ₹ crore
Particulars Mar 2022 4mMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
190
627
2,035
2,127
3,819
4,126
Expenses
41
211
1,184
615
1,041
1,114
Operating Profit
149
416
851
1,512
2,778
3,012
OPM %
78%
66%
42%
71%
73%
73%
Other Income
7
16
−332
153
89
62
Interest
78
219
324
385
932
938
Depreciation
29
117
322
661
1,196
1,182
PBT
49
96
−127
620
739
954
Tax %
8%
65%
21%
12%
11%
—
Net Profit
45
34
−153
545
660
872
EPS (₹)
—
0.82
−2.15
3.1
4.18
5.51
Div. Payout %
0%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
338%
244%
—

Balance Sheet

₹ Cr
VERTIS balance sheet, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0
4,155
6,859
12,861
12,861
Reserves
39
−3,717
−4,262
−5,322
−6,444
Borrowings
2,327
1,477
4,126
4,933
11,574
Other Liabilities
374
417
2,299
1,815
1,957
Total Liabilities
2,739
2,332
9,023
14,286
19,948
Fixed Assets
2,038
1,945
5,833
11,992
11,446
CWIP
0
0
5
0
0
Investments
215
65
918
102
186
Other Assets
486
321
2,266
2,192
8,315
Total Assets
2,739
2,332
9,023
14,286
19,948

Cash Flow

₹ Cr
VERTIS cash flow, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
170
503
1,247
1,237
3,302
Investing
−48
−119
−3,519
−5,384
−279
Financing
−86
−386
2,364
4,471
−2,707
Net Cash Flow
37
−2
92
324
315
Free Cash Flow
165
503
1,231
−5,525
3,265
CFO/OP
120
127
156
91
129

Ratios

VERTIS financial ratios, annual
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
7
0
6
3
8
Cash Conversion Cycle
7
0
6
3
8
Working Capital Days
−431
−36
−164
−137
−32
ROCE %
—
14%
12%
10%
11%

Insights

Beta

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

Log in to view Vertis Infrastructure Trust insights

34 extracted metrics across FY22–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 57.76%
  • Others 33.29%
  • Public 4.96%
  • DIIs 3.99%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Documents

Frequently Asked Questions about Vertis Infrastructure Trust

What does Vertis Infrastructure Trust do?
Vertis Infrastructure Trust (VIT) is an InvIT of road sector assets sponsored by Galaxy, which is invested in by funds, vehicles and/or entities managed and/or advised by KKR, with VFA as its investment manager, VPM, a 100% subsidiary of VFA, acting as project manager and Axis Trustee Services Ltd…
Where is Vertis Infrastructure Trust (VERTIS) listed?
Vertis Infrastructure Trust trades as VERTIS on the NSE.
Which sector does Vertis Infrastructure Trust belong to?
Vertis Infrastructure Trust is classified under the Services sector, in the Transport Infrastructure industry.
What is the PE ratio of Vertis Infrastructure Trust?
Vertis Infrastructure Trust trades at a PE ratio of 20.87 as of 2 Nov 2026, on earnings per share of ₹5.51, against a book value of ₹68.32 per share.
What is the 52-week high and low of Vertis Infrastructure Trust?
Over the last 52 weeks Vertis Infrastructure Trust has traded between ₹103.05 and ₹125 as of 2 Nov 2026.
Does Vertis Infrastructure Trust pay dividends?
Vertis Infrastructure Trust has a dividend yield of 2.83%.
What is the Return on Equity (ROE) of Vertis Infrastructure Trust?
Vertis Infrastructure Trust reported a return on equity of 9.53%. Its debt-to-equity ratio is 1.80.

Company Information

Vertis Infrastructure Trust (VIT) is an InvIT of road sector assets sponsored by Galaxy, which is invested in by funds, vehicles and/or entities managed and/or advised by KKR, with VFA as its investment manager, VPM, a 100% subsidiary of VFA, acting as project manager and Axis Trustee Services Ltd acting as trustee.

Listed 25 Aug 2022
Face Value ₹100

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/VERTIS.md for Vertis Infrastructure Trust: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Transport Infrastructure stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month