IRB InvIT Fund vs India Grid Trust vs PowerGrid InvIT: Which Should You Track

IRB InvIT Fund vs India Grid Trust vs PowerGrid Infrastructure Investment Trust starts with the core numbers most investors compare within the Infrastructure InvITs segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Infrastructure InvITs bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust: Company Overview

IRB InvIT Fund is a listed Indian company in the Infrastructure InvITs space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

India Grid Trust is a listed Indian company in the Infrastructure InvITs space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

PowerGrid Infrastructure Investment Trust is a listed Indian company in the Infrastructure InvITs space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

IRB InvIT Fund vs India Grid Trust vs PowerGrid Infrastructure Investment Trust: Valuation and Profitability Snapshot

Metric	IRB InvIT Fund	India Grid Trust	PowerGrid Infrastructure Investment Trust
Market Cap (approx.)	Rs 5,095 crore	Rs 19,743 crore	Rs 9,244 crore
PE Ratio (TTM)	15.98	34.63	10.20
PB Ratio	0.73	1.60	1.12
Return on Equity (ROE)	4.14%	6.49%	12.09%
EPS (TTM, Rs)	4.03	5.01	9.96
Dividend Yield	0.00%	2.08%	11.81%
Debt to Equity	1.15	3.52	0.14
Book Value per Share (Rs)	87.65	108.69	90.32

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On valuation, IRB InvIT Fund trades at a PE of 15.98 and a PB of 0.73, India Grid Trust at a PE of 34.63 and a PB of 1.60, while PowerGrid Infrastructure Investment Trust trades at a PE of 10.20 and a PB of 1.12. On return on equity, the three post 4.14%, 6.49% and 12.09% respectively, and on dividend yield they stand at 0.00%, 2.08% and 11.81%.

IRB InvIT Fund vs India Grid Trust vs PowerGrid Infrastructure Investment Trust: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
IRB InvIT Fund	Rs 492.21 crore	Rs 79.44 crore	+68.4%	-12.2%
India Grid Trust	Rs 1,149.94 crore	Rs 245.94 crore	+31.7%	-50.1%
PowerGrid Infrastructure Investment Trust	Rs 319.52 crore	Rs 185.12 crore	-1.7%	-0.1%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three infrastructure invits names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

IRB InvIT Fund vs India Grid Trust vs PowerGrid Infrastructure Investment Trust highlights how differently three companies in the same infrastructure invits segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on IRB InvIT Fund vs India Grid Trust vs PowerGrid Infrastructure Investment Trust

What is the market cap difference between IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust?

Ans. As of September 2026, IRB InvIT Fund has a market cap of approximately Rs 5,095 crore, India Grid Trust is at approximately Rs 19,743 crore, and PowerGrid Infrastructure Investment Trust is at approximately Rs 9,244 crore.

Which of the three has the highest PE ratio?

Ans. Among IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust, the PE ratios stand at 15.98, 34.63 and 10.20 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust post ROE of 4.14%, 6.49% and 12.09% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust carry dividend yields of 0.00%, 2.08% and 11.81% respectively.

What is the debt to equity ratio for IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust?

Ans. IRB InvIT Fund carries a debt to equity of 1.15, India Grid Trust of 3.52, and PowerGrid Infrastructure Investment Trust of 0.14.

Which of the three trades at the highest price to book value?

Ans. IRB InvIT Fund, India Grid Trust and PowerGrid Infrastructure Investment Trust trade at price to book ratios of 0.73, 1.60 and 1.12 respectively.

Is one of IRB InvIT Fund, India Grid Trust or PowerGrid Infrastructure Investment Trust better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.