News ArticleNational Highways Infra Trust Valued at Rs. 59,299.70 Crores with NAV of Rs. 163.24 Per Unit for September 2026 Quarter
Independent valuer Ernst & Young confirms NHIT's enterprise valuation and NAV based on SEBI InvIT Regulations
National Highways Infra Trust (NHIT) released its independent valuation report for the quarter ended September 30, 2026, reporting an enterprise valuation of Rs. 59,299.70 Crores and Net Asset Value of Rs. 163.24 per unit pre-distribution, based on an independent report by Ernst & Young Merchant Banking Services LLP.
National Highways Infra Trust
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National Highways Infra Trust announced its valuation and Net Asset Value (NAV) for the quarter ended September 30, 2026, reporting an enterprise value of Rs. 59,299.70 Crores and a NAV of Rs. 163.24 per unit before distribution, based on an independent valuation by Ernst & Young Merchant Banking Services LLP.
The valuation was conducted pursuant to SEBI (Infrastructure Investment Trusts) Regulations, 2014, and its amendments, ensuring compliance with regulatory frameworks for InvITs.
The enterprise value of Rs. 59,299.70 Crores represents the cumulative value of the existing assets held by the Trust as of the quarter end.
The Net Asset Value per unit was computed by NHIT’s management using the independent valuer’s report, reflecting Rs. 163.24 before any distributions and Rs.160.72 post distribution.
The valuation was prepared by Ernst & Young Merchant Banking Services LLP, an independent valuer registered with the Insolvency and Bankruptcy Board of India.
National Highways Infra Trust comprises 28 concession agreements with the National Highways Authority of India, involving substantial infrastructure assets under the Trust’s management.
Highlights
- Enterprise valuation of NHIT’s existing assets stands at Rs. 59,299.70 Crores as of September 30, 2026.
- Net Asset Value (NAV) per unit pre-distribution is Rs. 163.24 and post-distribution is Rs. 160.72 for the quarter.
- Valuation conducted by Ernst & Young Merchant Banking Services LLP in accordance with SEBI InvIT Regulations.
- NHIT holds 28 concession agreements with National Highways Authority of India covering various infrastructure assets.
- The valuation forms part of regulatory compliance and investor information disclosures for the quarter ended 30th September 2026.
Key Data Snapshot
What happened
- National Highways Infra Trust released its quarterly valuation report for the period ended September 30, 2026.
- Independent valuer Ernst & Young Merchant Banking Services LLP completed the valuation.
- The enterprise value of the Trust’s assets was reported as Rs. 59,299.70 Crores.
- Net Asset Value per unit was determined as Rs. 163.24 pre-distribution and Rs. 160.72 post distribution.
Key details
- Valuation was conducted in accordance with SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended.
- The Trust holds 28 concession agreements with National Highways Authority of India valued at approximately Rs. 501,058 million in concession fees.
- The NAV valuation aids in management analysis, unit holder disclosure, and regulatory filings.
- The independent valuation report and NAV disclosure are intended for regulatory compliance and public record.
Regulatory and governance context
- Valuation was performed as required under SEBI InvIT Regulations and subsequent SEBI circulars and guidelines.
- The independent valuer is registered under the Insolvency and Bankruptcy Board of India.
- The valuation supports transparency and investor information obligations for infrastructure investment trusts.
- Information was provided by the management and confirmed for factual accuracy by the Investment Manager.
Highlights
- Enterprise valuation of NHIT’s existing assets stands at Rs. 59,299.70 Crores as of September 30, 2026.
- Net Asset Value (NAV) per unit pre-distribution is Rs. 163.24 and post-distribution is Rs. 160.72 for the quarter.
- Valuation conducted by Ernst & Young Merchant Banking Services LLP in accordance with SEBI InvIT Regulations.
- NHIT holds 28 concession agreements with National Highways Authority of India covering various infrastructure assets.
- The valuation forms part of regulatory compliance and investor information disclosures for the quarter ended 30th September 2026.
Disclosures
- SEBI (Infrastructure Investment Trusts) Regulations, 2014
- SEBI Master circular SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025
National Highways Authority of India is the Sponsor and wholly owns the Investment Manager's parent entity.
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