Here is a summary of the document
abrdn New India Investment Trust plc has released its annual financial report for the year ended March 31, 2025. The report highlights the companys strong performance, with a 16.0% share price total return and an 8.5% net asset value per Ordinary share. The companys portfolio delivered robust performance, with the strongest returns coming from the energy, financials, communications services, and consumer discretionary sectors. The Board has implemented measures to add value for shareholders, including a five-yearly performance-related conditional tender, a change in management fees calculation, and share buybacks. The Board continues to explore options to reduce the discount and seeks to make unlisted investments in India. The report also includes details on the companys investment strategy, key performance indicators, principal risks and uncertainties, and financial highlights.
| Financials | 2025 | 2024 | Change |
|---|---|---|---|
| Share price (mid market) | 756.00p | 652.00p | +16.0 |
| Net asset value per Ordinary shareA | 889.34p | 819.56p | +8.5 |
| Discount to net asset valueA | 15.0% | 20.4% | N/A |
| Equity shareholders' funds (net assets) | £425,599,000 | £427,054,000 | -0.3 |
| Market capitalisation | £361,790,000 | £339,744,000 | 6.5 |
| Net gearingA | 3.9% | 4.1% | N/A |
| Total return per share | 62.69p | 168.85p | N/A |
| Operating costs | Ongoing charges ratioA | 0.95% | 1.00% |