Cube Highways Trust reports strong financial health, portfolio growth as of March 2026

Cube Highways Trust reports strong financial health, portfolio growth as of March 2026​

Cube Highways Trust, through its investment management structure, reported robust operational and financial metrics in the infrastructure sector as of March 31, 2026. The Trust maintains a diversified and de-risked asset portfolio across national highway corridors while continuing expansion through committed acquisitions.

As of March 31, 2026, the Trust manages Assets Under Management (AUM) totaling INR 368.42 billion, reflecting a significant growth of 14.18% in AUM since the listing. The InvIT maintains a net borrowing ratio of 46.82%.

Key financial and operational performance indicators for Cube Highways Trust are detailed below:


The Trust’s portfolio consists of 27 assets as of March 31, 2026, encompassing both toll and annuity assets spread across 12 States and one Union Territory. This includes a mix of 18 toll assets and 9 annuity assets (comprising 6 HAM and 3 annuity assets), with the portfolio covering approximately 8,754 lane kilometers.

Strategic Growth Vehicle and Committed Assets​

Cube Highways Trust is strategically pursuing disciplined growth through its dedicated GrowthCo vehicle, which features a strong pipeline of Road-Only Funding Opportunities (ROFO). The Trust intends to acquire four committed assets via an equity swap from CH-V and CH-II, subject to requisite approvals.

The characteristics of these committed assets include:


Additionally, the Trust holds other assets, including Kokhraj Handia Expressway Private Limited (KHEPL), Malayagiri Highways Private Limited (MHPL2), and Delhi Hapur Meerut Expressway Private Limited (DHMEPL).

Operational Excellence and Financial Stability​

The Trust maintains a resilient capital structure supported by diverse relationships with lenders, which resulted in a reported cost of debt of 7.53% as of March 31, 2026. Key financial metrics related to borrowing include: Gross borrowings standing at INR X billion (specific figure not provided) and the share of fixed rate borrowings at 25.23%.

Operationally, Cube InvIT has shown strong traffic growth across its toll asset portfolio, with the portfolio CAGR reaching 5.85% based on a weighted average calculation from March 31, 2025.

The company emphasizes advanced asset management and maintenance expertise. Its operational framework leverages technology-driven testing, including the use of specialized techniques like falling weight deflectometers and network survey vehicles. The Trust also utilizes in-house innovation through its 'MINDS' platform for process improvements, which includes real-time monitoring tools like Road-Aid and Build-Aid.

Sector Outlook​

Cube Highways Trust notes that India maintains a position as the fourth largest and fastest growing major economy, with infrastructure development being a national priority. The market is seeing significant potential in road asset monetization, with an estimated monetization potential of INR 5.9 trillion until Financial Year 2030 across TOT auctions (TOT 17-22).

CUBEINVIT Stock Price Movement​

Cube Highways Trust shares settled flat on Friday, closing at ₹148 as the equity maintained its price stability for the day. The Trust saw no significant movement during trading, remaining consistent with the previous close.