AUDITED HISTORICAL METRICS
Performance & Asset Evolution
Multi-year operational and financial trajectory
HAM Highway Lane-Kilometers
Axis (Y): Lane-Kms
Pure-Play Sovereign Annuity Corridors: 2,850 lane-kms across 12 operational Hybrid Annuity Model (HAM) assets in Haryana, Rajasthan, Punjab, and Madhya Pradesh.
AUDITED FINANCIAL DISCLOSURES
Comprehensive Historical Metrics Matrix
Year-over-year operational, valuation and cash flow KPIs
| Metric | FY25 (Listing) | FY26 | 7-Yr Trend / CAGR |
|---|---|---|---|
| Highway Lane-Kilometers (Lane-Kms) | 1,980 | 2,850 | +43.9% |
| Audited NAV per Unit (₹) | ₹65.58 | ₹74.72 | +13.9% |
| Annual Distribution per Unit (DPU ₹) | ₹6.20 | ₹8.40 | ₹14.60 Cumulative |
| Consolidated Net Profit (₹ Cr) | ₹320 | ₹480 | +50.0% |
| Gross Asset Value (GAV ₹ Cr) | ₹4,850 | ₹6,635 | +36.8% |
| Avg Residual Concession Life (Years) | 14.0 | 13.4 | 12.9 Yrs |
| Major Maintenance (MM) Reserve (₹ Cr) | ₹85 | ₹130 | Ring-Fenced |
| Loan to Value (LTV %) | 34.5% | 41.1% | 41.1% LTV |
SPONSOR & INSTITUTIONAL GOVERNANCE
Unitholding Pattern
Audited unitholder structure as of June 30, 2026
Sponsor: Capital Infra Platform / Gawar Construction Sponsor Group
Sponsor & Promoters38.5%Gawar Construction Limited (GCL)
Foreign Inst. (FII)22.8%Global PE & Sovereign Funds
Domestic Inst. (DII)24.2%Mutual Funds & Insurers
Public & Retail14.5%HNIs & Retail Investors
Sponsor39%
Category Breakdown
Sponsor & Promoter Group38.5%
Foreign Institutional (FII)22.8%
Domestic Institutional (DII)24.2%
Public & Retail Investors14.5%
PHYSICAL ASSET DIRECTORY
Portfolio Assets Breakdown
Key properties, toll corridors, sub-stations & revenue drivers
| Asset / Property Name | Asset Type | Status | Residual Life | GAV Share |
|---|---|---|---|---|
Gawar Haryana Expressway (NH-152D) Haryana | HAM Annuity | Operational | 15.0 Yrs Concession | 12.5% |
Gawar Kurali Rupnagar Expressway (NH-205) Punjab | HAM Annuity | Operational | 14.5 Yrs Concession | 9.5% |
Gawar Rohtak Jind Section (NH-352) Haryana | HAM Annuity | Operational | 14.0 Yrs Concession | 9.0% |
Gawar Hisar Ellenabad Highway (SH-23) Haryana | HAM Annuity | Operational | 14.2 Yrs Concession | 7.5% |
Gawar Jhajjar Farrukhnagar Highway (NH-334B) Haryana | HAM Annuity | Operational | 14.5 Yrs Concession | 8.0% |
Gawar Sonipat Gohana Expressway (NH-334B) Haryana | HAM Annuity | Operational | 15.2 Yrs Concession | 9.8% |
Gawar Ujjain Jhalawar Highway (NH-552G) Madhya Pradesh & Rajasthan | HAM Annuity | Operational | 14.8 Yrs Concession | 14.5% |
Gawar Badnawar Highway (NH-347BG) Madhya Pradesh | HAM Annuity | Operational | 14.0 Yrs Concession | 8.8% |
Gawar Bikaner Bypass (NH-11 / NH-62) Rajasthan | HAM Annuity | Operational | 14.5 Yrs Concession | 7.8% |
Gawar Pali Marwar Tollway (NH-162) Rajasthan | HAM Annuity | Operational | 14.2 Yrs Concession | 7.2% |
Gawar Churu Taranagar Road Rajasthan | HAM Annuity | Operational | 13.8 Yrs Concession | 6.0% |
Gawar Rewari Bypass Section (NH-71) Haryana & Rajasthan | HAM Annuity | Operational | 14.0 Yrs Concession | 5.4% |