IndiGrid Infrastructure Trust (NSE:INDIGRID) Dividend Payout Ratio: 2.04 (As of Mar. 2026) — Near Median

What is IndiGrid Infrastructure Trust Dividend Payout Ratio?

IndiGrid Infrastructure Trust NSE:INDIGRID +0.57% 85 Dividend Payout Ratio is 2.04 as of Mar. 2026, which is 1% below its 10-year median of 2.07. GuruFocus rates NSE:INDIGRID with a GF Score™ of 85/100 and a GF Value™ of ₹217.47 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 178 Utilities - Independent Power Producers companies, IndiGrid Infrastructure Trust ranks worse than 94.38% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. IndiGrid Infrastructure Trust's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.04.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of IndiGrid Infrastructure Trust is 3.59, which seems too high.

The historical rank and industry rank for IndiGrid Infrastructure Trust's Dividend Payout Ratio or its related term are showing as below:

NSE:INDIGRID' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.91 Med: 2.07 Max: 3.64
Current: 3.59

During the past 12 years, the highest Dividend Payout Ratio of IndiGrid Infrastructure Trust was 3.64. The lowest was 0.91. And the median was 2.07.

NSE:INDIGRID's Dividend Payout Ratio is ranked worse than
94.38% of 178 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs NSE:INDIGRID: 3.59

As of today (2026-07-13), the Dividend Yield % of IndiGrid Infrastructure Trust is 8.91%.

During the past 12 years, the highest Trailing Annual Dividend Yield of IndiGrid Infrastructure Trust was 14.63%. The lowest was 0.94%. And the median was 9.81%.

IndiGrid Infrastructure Trust's Dividends per Share for the months ended in Mar. 2026 was ₹4.00.

During the past 12 months, IndiGrid Infrastructure Trust's average Dividends Per Share Growth Rate was 8.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.30% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of IndiGrid Infrastructure Trust was 22.60% per year. The lowest was 3.00% per year. And the median was 5.75% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

IndiGrid Infrastructure Trust (NSE:INDIGRID) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

IndiGrid Infrastructure Trust Dividend Payout Ratio Related Terms

IndiGrid Infrastructure Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for IndiGrid Infrastructure Trust's Dividend Payout Ratio 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.

IndiGrid Infrastructure Trust Dividend Payout Ratio Chart

IndiGrid Infrastructure Trust Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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2.56

2.07

3.64

3.02

3.53

IndiGrid Infrastructure Trust Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.76	4.71	7.69	3.51	2.04

NSE:INDIGRID vs CEG, VST, NRG: Dividend Payout Ratio Comparison

For the Utilities - Independent Power Producers subindustry, IndiGrid Infrastructure Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

IndiGrid Infrastructure Trust Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, IndiGrid Infrastructure Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where IndiGrid Infrastructure Trust's Dividend Payout Ratio falls into.

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85GF Score

IndiGrid Infrastructure Trust NSE:INDIGRID

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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IndiGrid Infrastructure Trust Dividend Payout Ratio Calculation

IndiGrid Infrastructure Trust's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2026 )	/	EPS without NRI (A: Mar. 2026 )
	=	16.1	/	4.566
	=	3.53

IndiGrid Infrastructure Trust's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	4	/	1.96
	=	2.04

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.04 mean?

IndiGrid Infrastructure Trust (NSE:INDIGRID) has a Dividend Payout Ratio of 2.04 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on IndiGrid Infrastructure Trust and its competitors. This is near median its historical median of 2.07. Over the past decade, IndiGrid Infrastructure Trust's Dividend Payout Ratio has ranged from 0.91 to 3.64. According to the industry distribution chart, IndiGrid Infrastructure Trust ranks #168 out of 178 companies in the Utilities - Independent Power Producers industry, placing it in the top 94.4%.

Is IndiGrid Infrastructure Trust's Dividend Payout Ratio too high?

IndiGrid Infrastructure Trust's current Dividend Payout Ratio of 2.04 is near median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 3.64. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. IndiGrid Infrastructure Trust's value of 2.04 is 363.6% above this industry median. Based on the distribution chart, IndiGrid Infrastructure Trust ranks #168 out of 178 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, IndiGrid Infrastructure Trust has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does IndiGrid Infrastructure Trust's Dividend Payout Ratio compare to CEG and VST?

According to the Utilities - Independent Power Producers industry distribution chart, IndiGrid Infrastructure Trust ranks #168 out of 178 companies for Dividend Payout Ratio. This places IndiGrid Infrastructure Trust in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. IndiGrid Infrastructure Trust's value of 2.04 is 363.6% above this benchmark. Historically, IndiGrid Infrastructure Trust's own Dividend Payout Ratio has ranged from 0.91 to 3.64 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 0.44, IndiGrid Infrastructure Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Utilities - Independent Power Producers company?

The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 178 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IndiGrid Infrastructure Trust's current Dividend Payout Ratio of 2.04 is 363.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on IndiGrid Infrastructure Trust and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IndiGrid Infrastructure Trust's current Dividend Payout Ratio is 2.04, which is near median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is IndiGrid Infrastructure Trust stock overvalued right now?

Based on GuruFocus' analysis, IndiGrid Infrastructure Trust (NSE:INDIGRID) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹217.47, compared to a current price of ₹179.49 — trading 17.5% below its estimated fair value. The current Dividend Payout Ratio is 2.04, which is near median its 10-year median of 2.07 and 363.6% above the Utilities - Independent Power Producers industry median of 0.44. IndiGrid Infrastructure Trust's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For IndiGrid Infrastructure Trust (NSE:INDIGRID), the current Dividend Payout Ratio is 2.04 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 IndiGrid Infrastructure Trust (NSE:INDIGRID) Overvalued in 2026?

Based on GuruFocus' analysis, IndiGrid Infrastructure Trust stock appears to be undervalued. The current stock price of ₹179.49 is trading 17.5% below its estimated GF Value™ of ₹217.47. GuruFocus considers IndiGrid Infrastructure Trust to be Modestly Undervalued.

Key valuation signals for NSE:INDIGRID:

Dividend Payout Ratio: 2.04 (near median its 10-year median of 2.07)
GF Value™: ₹217.47 vs. price of ₹179.49 (17.5% below fair value)
GF Score™: 85/100 with 9 warning signs
Industry Position: 363.6% above the Utilities - Independent Power Producers median (#168 of 178)

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

IndiGrid Infrastructure Trust Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies BOM:544781 BOM:532627 BOM:532939 BOM:543290 BOM:532524 NSE:RTNPOWER BOM:500390 BOM:533263 BOM:532708 BOM:517530 CEG VST BOM:533096 NRG BKK:GULF HKSE:01816 TLN BOM:539254 HKSE:00006 SHSE:601991

Other Exchanges 540565:India

Address Off CST Road, Vidyanagari Marg, Unit No. 101, First Floor, Windsor, Village KoleKalyan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098

Website https://www.indigrid.co.in

IndiGrid Infrastructure Trust, formerly India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines. The company has two distinct reportable segments: Power Transmission and Power generation. The power Transmission segment generates the majority of revenue and is engaged in the business of owning and maintaining transmission assets. The power Generation segment includes entities in the business of generating power through renewable sources such as solar etc.

85GF Score

Get the complete analysis for NSE:INDIGRID

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

₹179.49

Price

₹217.47

GF Value

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