Ratings India Grid Trust

Equities

INDIGRID

INE219X23014

Delayed Bombay S.E. Other stock markets 12:22:34 2024-05-21 am EDT			5-day change	1st Jan Change
136 ^INR	-1.33%		-0.26%	+4.91%

Feb. 23	India Grid Trust completed the acquisition of Renew Solar Urja Private Limited from ReNew Energy Global Plc for enterprise value of approximately $190 million (INR 15.5 billion).	CI
Jan. 29	India Grid Trust to Seek Acquisitions	CI

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.

Strengths

Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
The company returns high margins, thereby supporting business profitability.
The company has a low valuation given the cash flows generated by its activity.
The company is one of the best yield companies with high dividend expectations.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Sales forecast by analysts have been recently revised upwards.

Weaknesses

The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
With a 2024 P/E ratio at 21.88 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
The company's earnings releases usually do not meet expectations.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Electric Utilities

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
INDIA GRID TRUST	+4.91%	1.25B		C
NEXTERA ENERGY	+24.91%	156B		C+
SOUTHERN COMPANY	+12.93%	86.97B		B-
IBERDROLA, S.A.	+3.50%	84.24B		B
ENEL S.P.A.	+0.46%	75.09B		B-
CONSTELLATION ENERGY CORPORATION	+83.99%	67.18B		C
AMERICAN ELECTRIC POWER COMPANY, INC.	+14.00%	48.85B		A-
DOMINION ENERGY, INC.	+14.43%	44.84B		A-
GE VERNOVA INC.	0.00%	44.57B	-	-
PG&E CORPORATION	+3.44%	39.75B		C+

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes