National Highways Infra Trust (NSE:IVNHIT) EBIT: ₹20,434 Mil (TTM As of Mar. 2026)


NSE:IVNHIT National Highways Infra Trust NSE:IVNHIT
45 GF Score
Price ₹167.95
GF Value ₹242.19
Valuation Possible Value Trap
! 7 Warning Signs
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What is National Highways Infra Trust EBIT?

National Highways Infra Trust NSE:IVNHIT 45 EBIT is ₹20,434 Mil as of Mar. 2026. GuruFocus rates NSE:IVNHIT with a GF Score™ of 45/100 and a GF Value™ of ₹242.19 (Possible Value Trap). The stock has 7 warning signs investors should review.

National Highways Infra Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹5,046 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹20,434 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Highways Infra Trust's annualized ROC % for the quarter that ended in Mar. 2026 was 4.03%. National Highways Infra Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8,442.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Highways Infra Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.49%.


National Highways Infra Trust  (NSE:IVNHIT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

National Highways Infra Trust's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=19607.4 * ( 1 - 0% )/( (454966.875 + 517064.239)/ 2 )
=19607.4/486015.557
=4.03 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=450148.221 - 1340.283 - ( 7424.382 - max(0, 14806.718 - 8647.781+7424.382))
=454966.875

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=509935.759 - 1658.288 - ( 6885.244 - max(0, 16506.753 - 7719.985+6885.244))
=517064.239

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

National Highways Infra Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20184.928/( ( (235.28 + max(-11516.901, 0)) + (242.905 + max(-13355.384, 0)) )/ 2 )
=20184.928/( ( 235.28 + 242.905 )/ 2 )
=20184.928/239.0925
=8,442.31 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(939.506 + 0 + 273.444) - (1340.283 + 0 + 11389.568)
=-11516.901

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(531.941 + 0 + 272.126) - (1658.288 + 0 + 12501.163)
=-13355.384

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

National Highways Infra Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=20434.289/585759.895
=3.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


National Highways Infra Trust EBIT Related Terms


National Highways Infra Trust EBIT Historical Data

* Premium members only.

The historical data trend for National Highways Infra Trust's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Highways Infra Trust EBIT Chart

National Highways Infra Trust Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 1,015.96 3,814.01 5,127.51 11,778.06 20,434.29

National Highways Infra Trust Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,552.48 4,849.78 4,815.48 5,722.80 5,046.23

NSE:IVNHIT vs EQIX, AMT, DLR: EBIT Comparison

For the REIT - Specialty subindustry, National Highways Infra Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Highways Infra Trust EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, National Highways Infra Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where National Highways Infra Trust's EV-to-EBIT falls into.


NSE:IVNHIT
45GF Score
National Highways Infra Trust NSE:IVNHIT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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National Highways Infra Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹20,434 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹20,434 Mil mean?
National Highways Infra Trust (NSE:IVNHIT) has a EBIT of ₹20,434 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on National Highways Infra Trust.
Is National Highways Infra Trust's EBIT too high?
National Highways Infra Trust's current EBIT is ₹20,434 Mil. Overall, National Highways Infra Trust has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Highways Infra Trust's EBIT compare to EQIX and AMT?
National Highways Infra Trust's EBIT of ₹20,434 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on National Highways Infra Trust. National Highways Infra Trust's current EBIT is ₹20,434 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Highways Infra Trust stock overvalued right now?
Based on GuruFocus' analysis, National Highways Infra Trust (NSE:IVNHIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹242.19, compared to a current price of ₹167.95 — trading 30.7% below its estimated fair value. The current EBIT is ₹20,434 Mil. National Highways Infra Trust's overall GF Score™ is 45/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For National Highways Infra Trust (NSE:IVNHIT), the current EBIT is ₹20,434 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Highways Infra Trust (NSE:IVNHIT) Overvalued in 2026?

Based on GuruFocus' analysis, National Highways Infra Trust stock appears to be undervalued. The current stock price of ₹167.95 is trading 30.7% below its estimated GF Value™ of ₹242.19. GuruFocus considers National Highways Infra Trust to be Possible Value Trap.

Key valuation signals for NSE:IVNHIT:

  • EBIT: ₹20,434 Mil
  • GF Value™: ₹242.19 vs. price of ₹167.95 (30.7% below fair value)
  • GF Score™: 45/100 with 7 warning signs

No single metric tells the full story. See the NSE:IVNHIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Highways Infra Trust Business Description

Industry Real EstateREITs
Other Exchanges 543385:India
Address G-5 & 6, Sector-10, Dwarka, New Delhi, IND, 110 075
National Highways Infra Trust is an infrastructure investment trust established for making investments in special purpose vehicles. Its projects include the Abu Road Project, Swaroopganj Project, Kota & Chittorgarh Bypass Project, Kurnool Highway Project, and Belgaum Project.
45GF Score

Get the complete analysis for NSE:IVNHIT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹167.95
Price
₹242.19
GF Value