5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

IRB Infrastructure Developers Ltd.

•
irb.co.inBSE: 532947NSE: IRB
Market Cap₹ 23,033 Cr.
Current Price
High / Low₹ 24 / 19
Stock P/E24.1
Book Value₹ 18
Price to Book0.64
Dividend Yield1.36 %
ROCE7.7 %
ROE4.2 %
Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Construction: 47.4% • BOT Projects: 35.2% • InvITs & Related Assets: 17.2%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence
80%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 48.7% CAGR over last 5 years
  • Latest quarter profit grew 1412.6% YoY, showing strong momentum
  • Company has consistently been profitable over the last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.02x)
  • Working capital cycle has improved - days down from 104 to 43
  • Company generates healthy free cash flow

CONS

  • Interest coverage is weak at 1.7x - earnings barely cover interest
  • Recurring exceptional / one-off items are inflating headline profit
  • Valuation is stretched - P/E of 24.1 is well above its own 5-year median (15.7)
  • Company has delivered a poor sales growth of 7.6% over past five years
  • Growth is decelerating - 3Y profit CAGR (5.7%) trails the 5Y trend (48.7%)
  • Expensive relative to growth - PEG of 4.2

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction
Part ofNIFTY TOTAL MKTNIFTY 500NIFTY SMLCAP 250
S.No.Name
1.LT3925.0032.55540027.440.974988.0315.5167941.746.6915.9812.00
2.RVNL207.0047.9843159.920.34159.5218.734321.2310.5510.814.41
3.KPIL1408.6521.1724055.870.78311.5345.856407.973.8418.958.77
4.IRB19.0724.1423032.751.363062.701412.5821372.72918.257.7253.93
5.CEMPRO1268.6036.2321792.970.24140.832.642720.927.0233.5310.09
6.ENGINERSIN273.1519.5815352.191.83157.94141.49819.84-5.8030.9420.61
7.TECHNOE983.2026.5311434.570.7193.33-31.44630.3419.8414.8615.79
8.WELENT782.4535.4310830.190.3856.36-44.29773.72-8.4416.4419.49
9.IRCON115.1020.6710825.341.6592.03-43.921955.839.4910.159.81
10.KEC392.8518.8910457.671.4072.62-41.725023.540.0116.355.79
11.AFCONS274.3069.7210088.330.7330.30-77.952671.00-20.7512.889.42
12.NCC145.5513.069138.311.51228.9011.855811.8312.2216.779.43
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,6341,7451,9692,0611,8531,5862,0252,1492,0991,7511,8711,92721,373
8569501,0991,1719968191,0411,1511,14782684984417,561
Operating Profit7787958698908577679849989529251,0221,0833,812
OPM %47.60%45.54%44.17%43.17%46.25%48.35%48.59%46.43%45.36%52.80%54.64%56.19%17.83%
1111301094431191665,869696649-250354
Interest3814354336154394344614584624514364064,380
Depreciation2372332512742552312652862692622893213,334
Profit before Tax2712572944442822676,1273232862612954064,166
Tax %30.87%33.41%19.05%27.04%31.44%31.27%1.64%33.42%29.30%46.00%28.55%26.96%26.47%
Net Profit00001409996,0262152021412112963,063
0.220.160.310.310.230.179.980.170.340.230.350.250.25

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
5,8465,6946,7076,8525,2995,8046,4027,4097,6137,64826,922
2,7893,0053,7633,8722,7813,0033,1664,0724,0043,66620,080
Operating Profit3,0572,6892,9442,9812,5172,8013,2363,3373,6093,9836,841
OPM %52.30%47.22%43.89%43.50%47.51%48.26%50.54%45.04%47.41%52.07%25.41%
1232951962521895523027936,222163452
Interest1,3429761,1261,5741,6971,8941,5211,8681,7951,7565,673
Depreciation8555445404685826838329951,0381,1424,207
Profit before Tax9841,4641,4731,1752625501,0779516,8611,2485,127
Tax %27.29%37.18%42.31%38.66%55.22%34.25%33.14%36.33%5.55%31.85%27.63%
Net Profit7159208507211173617206066,4818503,711
EPS20.3626.1724.1820.513.335.981.191.0010.731.41—
Dividend Payout %24.56%19.11%10.34%24.38%0.00%0.00%16.77%29.90%2.80%18.46%—

COMPOUNDED SALES GROWTH

10 Years:
4%
5 Years:
8%
3 Years:
6%

COMPOUNDED PROFIT GROWTH

10 Years:
3%
5 Years:
49%
3 Years:
6%

STOCK PRICE CAGR

10 Years:
5%
5 Years:
18%
3 Years:
5%
1 Year:
-6%

RETURN ON EQUITY

10 Years:
11%
5 Years:
11%
3 Years:
16%
Last Year:
4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Mar 30

1:1

Quarterly Results & Interim Dividend & Bonus issue

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital351351351351351604604604604604
4,9205,3415,9646,3316,54911,96212,77513,14119,22320,345
29,86828,58029,27323,09430,58427,67527,37227,72828,71927,322
Trade Payables451406706744715382502676522257
10,6655,3905,46310,9324,3132,4551,6903,0674,9425,541
Total Liabilities46,25540,06841,75741,45342,51243,07842,94345,21554,00954,068
24,38831,07132,94327,67127,10227,27126,48025,51424,61623,896
Capital Work in Progress6165363636278814
1469456454,1464,7994,9045,1419,64217,09719,328
353487442331322317299293339367
013311403409940759331155
Cash & Bank1,3081,2681,5602,2712,3391,7442,4171,7633,4461,911
20,0006,0996,0166,9997,5747,8218,5987,2378,1808,407
Total Assets46,25540,06841,75741,45342,51243,07842,94345,21554,00954,068

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
3,5402,1322,7104,0938673641,9664,0541,9712,098
Cash from Investing-2,981-2,621-4,081-4,905-8,176-1,553-650-3,644375-910
Cash from Financing-2024101,4381,3887,520589-861-477-720-2,702
9-7966192211-601253-681,627-1,513

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
30.4230.4230.4230.4230.4230.4230.4230.7930.81
7.679.198.277.506.816.606.527.047.07
7.658.108.579.3410.219.589.9710.0210.14
0.010.010.010.010.010.010.010.010.01
17.4615.4915.9315.9315.7516.6016.2815.3415.17

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09
Updates

2026-09-09 - IRB Infrastructure Developers Limited has informed the Exchange regarding 'project wise toll revenue for the month of August 2026'.

2026-08-28
Copy of Newspaper Publication

2026-08-28 - IRB Infrastructure Developers Limited has informed the Exchange about Copy of Newspaper Advertisement regarding notice of 28th Annual General Meeting and E-voting and other related information.

2026-08-27
Updates

2026-08-27 - IRB Infrastructure Developers Limited has informed the Exchange regarding 'Dispatch of letters to the members providing a weblink along with exact path, to access the Annual Report of the Company for the FY 2025-26 in compliance with Reg 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

2026-08-27
Updates

2026-08-27 - IRB Infrastructure Developers Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2025-26'.

2026-08-27
Shareholders meeting

2026-08-27 - IRB Infrastructure Developers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-27
Copy of Newspaper Publication

2026-08-27 - IRB Infrastructure Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27
Updates

2026-08-27 - IRB Infrastructure Developers Limited has informed the Exchange regarding 'Intimation of Schedule of analysts/ Institutional Meeting'.

2026-08-26
Updates

2026-08-26 - IRB Infrastructure Developers Limited has informed the Exchange regarding 'Continuation of Directorship of Mr. Ravindra Dhariwal and convening of 28th Annual General Meeting.

2026-08-26
Scheme of Arrangement

2026-08-26 - IRB Infrastructure Developers Limited has informed the Exchange about Scheme of Amalgamation of certain wholly owned subsidiaries with IRB Infrastructure Developers Limited.

News

Recent coverage and analyst commentary for IRB

Loading news…

🤖

AI Stock Analyst

IRB Infrastructure Developers Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login