1. IRB Infrastructure Developers
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67% Buy

IRB Infrastructure Developers Share Price

IRB

₹68.36+₹0.22 (0.32%) TodayLast updated on 12 Jul, 2024 | 03:59 PM IST
₹67.41₹69.24
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Company overview

Financial performance

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Market cap

Market Cap Switch₹41,071 Crs

Open

₹68.44

Close

₹68.14

Circuit range

₹82.03 - ₹54.68

Day range

₹67.41 - ₹69.24

Year range

₹24.95 - ₹78.15

Volume

6,77,90,144

Avg. traded

₹68.19

Revenue (12m)

₹7,409 Crs

IRB Infrastructure Developers

IRB Infrastructure Developers Limited is an infrastructure development company. It engages in constructing roadways and highways. It was founded in 1998 and is headquartered in Mumbai. Earlier known as IRB Infrastructure Developers Private Limited, the company is a part of the IRB Group.

The market capitalisation of IRB Infrastructure Developers Limited is over ₹27,700 crore as of January 9, 2023. IRB Infra share price has gained over 300% in the last three years.

Business operations

IRB Infra is one of India's largest integrated multinationals in transport infrastructure development for roads and highways. It is at the forefront of the build-operate-transfer (BOT) domain. The company has witnessed many firsts in its journey. These include the first-ever BOT project, overseeing the operations and maintenance of the first expressway project, introducing and listing the first Infrastructure Investment Trust (InvIT) becoming the first Indian company to access offshore bond markets and achieving numerous other groundbreaking feats.

IRB Infrastructure has a significant presence in its sector with 26 highway projects in 12 states. It manages an extensive network of 15,500-lane kilometres in India. Holding a 38% share in India's TOT (toll-operate-transfer) space and a 20% stake in the Golden Quadrilateral Project, the company oversees 64 toll plazas equipped with 736 FASTag-compliant lanes. IRB caters to approximately 1.3 million vehicles daily.

Over the past 25 years, IRB Infra has effectively overseen more than 17,200 lane kilometres of highways. This includes the construction, operation, maintenance, tolling and handover to nodal agencies. Out of these 17,200 lane kilometres, 13,739 are actively managed, operated and tolled, while the remaining 3,461 lane kilometres have been successfully handed back to the nodal agencies. Within the actively managed lane kilometres, 7,156 are operational, with an additional 1,706 undergoing development in the Private InvIT Assets portfolio.

IRB Infra’s key partners include prominent entities like GIC, a sovereign wealth fund based in Singapore, and Cintra, a leading global private developer specialising in transport infrastructure. Cintra operates as a wholly-owned subsidiary of the Ferrovial Group, a firm from Spain with extensive expertise in infrastructure development worldwide.

Its key clients include government bodies such as the Ministry of Road Transport and Highways and the National Highways Authority of India. IRB Infra also collaborates with state-level entities like the Uttar Pradesh Expressways Industrial Development Authority and the Maharashtra State Road Development Corporation. The company also serves the Hyderabad Metropolitan Development Authority of Telangana and partners with government organisations like the Ministry of Civil Aviation and the Maharashtra Industrial Development Corporation in their ventures.

Financial highlights

IRB Infra’s revenue from operations for FY23 stood at ₹6,401.6 crore, up by 10.3%, as compared to ₹5,803.7 crore in FY22. The net profit after tax for FY23 was ₹720 crore compared to ₹361 crore during the previous year. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹3,531 crore from the previous year's ₹3,349.2 crore. The company's earnings per share (EPS) stood at ₹1.19 in FY23 compared to ₹0.87 in the previous financial year.

IRB Infrastructure Developers Key indicators

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52 week high

₹78.15

52 week low

₹24.95

P/E ratio

68.14

P/B ratio

3

ROE

4.27%

ROCE

5.81%

Dividend yield

0.44%

Debt/Equity ratio

0.65

EPS

0.62

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

67%

Hold

33%

Sell

0%

This analysis is based on the reviews of 6 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

20.04%

Net profit margin

8.95%

ROE

4.27%

ROA

2.28%

ROCE

5.81%

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IRB Infrastructure Developers Shareholder returns

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1 day

+0.19%

1 week

+0.66%

1 month

+3.06%

3 months

-1.74%

1 year

+159.58%

3 years

+282.59%

5 years

+638.24%

IRB Infrastructure Developers Share Price history

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DayOpenCloseDay’s change
Fri, Jul 12 2024
₹68.44
₹68.36
+0.32%
Thu, Jul 11 2024
₹69.30
₹68.14
+0.19%
Wed, Jul 10 2024
₹67.80
₹68.01
+0.58%
Tue, Jul 9 2024
₹68.01
₹67.62
+0.70%
Mon, Jul 8 2024
₹67.90
₹67.15
-0.61%
Fri, Jul 5 2024
₹67.94
₹67.56
-0.19%
Thu, Jul 4 2024
₹65.74
₹67.69
+3.01%
Wed, Jul 3 2024
₹65.11
₹65.71
+1.42%

Shareholding info

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Promoters (30.42%)

Mutual Funds (3.56%)

Retail and other (17.46%)

Foreign institutions-FII (7.67%)

Other domestic institutions (40.89%)

Other domestic institutions

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Events

Corporate actions

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  • Dividend • ₹0.1/share

    Ex date 15 May 2024

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  • Dividend • ₹0.1/share

    Ex date 08 Feb 2024

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  • Dividend • ₹0.1/share

    Ex date 06 Nov 2023

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  • Dividend • ₹0.075/share

    Ex date 29 May 2023

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  • Split • 1:10

    Ex date 21 Feb 2023

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  • Dividend • ₹1.25/share

    Ex date 12 Aug 2022

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