In this calculation made in dhruva.substack.com, it is assumed that DPU per year is Rs12 till 2026 and Rs13 between 2027 and 2031 and increases so on till 2044 upto Rs17.
But reality is that the revenue and hence DPU decreases due to the way the tariff was bid and agreed upon initially. Even if it is very small decrease, that is sufficient to alter the overall CAGR.
Management confirmation on DPU decrease in future
I have huge investment in PGINvit, assuming that it will continue to manage 2.5-3.5% more than FD returns (10-11% pre-tax yield) for the next 25 years (Assuming, yield can decrease only due to interest rate/inflation going down) but now looking at this management comment, i think i should review the weightage in this stock especially when we do not see any fresh asset acquisition and we do not know how much the DPU is going to dip due to this tariff change not in line with inflation in that given year.
Any one has any idea about this dip in DPU due to tariff bid factor?
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