National Highways Infra Trust (NSE:IVNHIT) Dividend Payout Ratio: 3.81 (As of Mar. 2026) — 56% Above Median

What is National Highways Infra Trust Dividend Payout Ratio?

National Highways Infra Trust NSE:IVNHIT 45 Dividend Payout Ratio is 3.81 as of Mar. 2026, which is 56% above its 10-year median of 2.44. GuruFocus rates NSE:IVNHIT with a GF Score™ of 45/100 and a GF Value™ of ₹252.17 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 711 REITs companies, National Highways Infra Trust ranks worse than 86.22% 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. National Highways Infra Trust's Dividend Payout Ratio for the months ended in Mar. 2026 was 3.81.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of National Highways Infra Trust is 2.84, which seems too high.

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

NSE:IVNHIT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.45 Med: 2.44 Max: 3.45
Current: 2.84

During the past 6 years, the highest Dividend Payout Ratio of National Highways Infra Trust was 3.45. The lowest was 1.45. And the median was 2.44.

NSE:IVNHIT's Dividend Payout Ratio is ranked worse than
86.22% of 711 companies
in the REITs industry
Industry Median: 0.99 vs NSE:IVNHIT: 2.84

As of today (2026-07-09), the Dividend Yield % of National Highways Infra Trust is 4.97%.

During the past 6 years, the highest Trailing Annual Dividend Yield of National Highways Infra Trust was 6.46%. The lowest was 0.68%. And the median was 5.10%.

National Highways Infra Trust's Dividends per Share for the months ended in Mar. 2026 was ₹3.90.

During the past 12 months, National Highways Infra Trust's average Dividends Per Share Growth Rate was 22.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.60% per year.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of National Highways Infra Trust was 20.60% per year. The lowest was 20.60% per year. And the median was 20.60% 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.

National Highways Infra Trust (NSE:IVNHIT) 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.

National Highways Infra Trust Dividend Payout Ratio Related Terms

National Highways Infra Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for National Highways Infra 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.

National Highways Infra Trust Dividend Payout Ratio Chart

National Highways Infra Trust Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.00

1.45

2.03

3.45

2.85

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
Dividend Payout Ratio	Get a 7-Day Free Trial														3.72	0.64	5.48	1.98	3.81

NSE:IVNHIT vs EQIX, AMT, DLR: Dividend Payout Ratio Comparison

For the REIT - Specialty subindustry, National Highways Infra 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.

National Highways Infra Trust Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, National Highways Infra Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where National Highways Infra Trust's Dividend Payout Ratio falls into.

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45GF Score

National Highways Infra Trust NSE:IVNHIT

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

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National Highways Infra Trust Dividend Payout Ratio Calculation

National Highways Infra 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 )
	=	9.754	/	3.425
	=	2.85

National Highways Infra 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 )
	=	3.904	/	1.026
	=	3.81

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 3.81 mean?

National Highways Infra Trust (NSE:IVNHIT) has a Dividend Payout Ratio of 3.81 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on National Highways Infra Trust and its competitors. This is 56% above median its historical median of 2.44. Over the past decade, National Highways Infra Trust's Dividend Payout Ratio has ranged from 1.45 to 3.45. According to the industry distribution chart, National Highways Infra Trust ranks #613 out of 711 companies in the REITs industry, placing it in the top 86.2%.

Is National Highways Infra Trust's Dividend Payout Ratio too high?

National Highways Infra Trust's current Dividend Payout Ratio of 3.81 is 56% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.45. The REITs industry median Dividend Payout Ratio is 0.99. National Highways Infra Trust's value of 3.81 is 284.8% above this industry median. Based on the distribution chart, National Highways Infra Trust ranks #613 out of 711 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Dividend Payout Ratio compare to EQIX and AMT?

According to the REITs industry distribution chart, National Highways Infra Trust ranks #613 out of 711 companies for Dividend Payout Ratio. This places National Highways Infra Trust in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. National Highways Infra Trust's value of 3.81 is 284.8% above this benchmark. Historically, National Highways Infra Trust's own Dividend Payout Ratio has ranged from 1.45 to 3.45 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 0.99, National Highways Infra 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 a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 711 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. National Highways Infra Trust's current Dividend Payout Ratio of 3.81 is 284.8% 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 National Highways Infra Trust and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Highways Infra Trust's current Dividend Payout Ratio is 3.81, which is 56% above median its own 10-year median of 2.44. 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 ₹252.17, compared to a current price of ₹167.95 — trading 33.4% below its estimated fair value. The current Dividend Payout Ratio is 3.81, which is 56% above median its 10-year median of 2.44 and 284.8% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For National Highways Infra Trust (NSE:IVNHIT), the current Dividend Payout Ratio is 3.81 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 33.4% below its estimated GF Value™ of ₹252.17. GuruFocus considers National Highways Infra Trust to be Possible Value Trap.

Key valuation signals for NSE:IVNHIT:

Dividend Payout Ratio: 3.81 (56% above median its 10-year median of 2.44)
GF Value™: ₹252.17 vs. price of ₹167.95 (33.4% below fair value)
GF Score™: 45/100 with 7 warning signs
Industry Position: 284.8% above the REITs median (#613 of 711)

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 Estate REITs

Comparable Companies NSE:NXT-INFRA BOM:544752 EQIX AMT DLR IRM CCI SBAC WY LAMR GLPI RYN FRMI OUT BSP:ZIFI11 EPR MEX:EDUCA18 XBRU:SHUR UNIT BXDC

Other Exchanges 543385:India

Address G-5 & 6, Sector-10, Dwarka, New Delhi, IND, 110 075

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

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

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

₹167.95

Price

₹252.17

GF Value

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