5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

IRB Infrastructure Developers Ltd.

•
irb.co.inBSE: 532947NSE: IRB
Market Cap₹ 23,721 Cr.
Current Price
High / Low₹ 24 / 19
Stock P/E21.1
Book Value₹ 14
Price to Book0.84
Dividend Yield1.32 %
ROCE7.3 %
ROE6.5 %
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 39.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20.4%
  • Latest quarter profit grew 1828.4% YoY, showing strong momentum
  • Operating margins have improved to 31.7% from 10.4%
  • Working capital cycle has improved - days down from -180 to -313
  • Attractively priced for its growth - PEG of 0.5

CONS

  • Operating cash flow has been negative in recent years
  • A large part of profit comes from other income (36.5% of PBT)
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.19x)
  • Recurring exceptional / one-off items are inflating headline profit
  • Valuation is stretched - P/E of 21.1 is well above its own 5-year median (13.4)

* 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.LT3915.0032.47538651.570.974988.0315.5167941.746.6915.9812.00
2.RVNL205.0047.5242742.910.35159.5218.734321.2310.5510.814.41
3.KPIL1435.0521.5624506.710.77311.5345.856407.973.8418.958.77
4.IRB19.6424.8623721.191.323062.701412.5821372.72918.257.7253.93
5.CEMPRO1244.1035.5321372.090.24140.832.642720.927.0233.5310.09
6.ENGINERSIN269.2019.3015130.181.86157.94141.49819.84-5.8030.9420.61
7.TECHNOE972.5026.2411310.130.7293.33-31.44630.3419.8414.8615.79
8.WELENT782.7535.4510834.340.3856.36-44.29773.72-8.4416.4419.49
9.KEC406.4519.5410819.701.3572.62-41.725023.540.0116.355.79
10.IRCON113.2020.3310646.641.6892.03-43.921955.839.4910.159.81
11.AFCONS253.9564.559339.890.7930.30-77.952671.00-20.7512.889.42
12.NCC141.0012.658852.641.56228.9011.855811.8312.2216.779.43
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
9461,1141,3401,4261,2549941,3491,4661,2941,0651,0971,17212,303
8729631,2191,1861,1619201,0371,0971,0277236797339,258
Operating Profit7415112124093743133692673414184393,044
OPM %7.78%13.56%9.05%16.86%7.41%7.43%23.17%25.17%20.67%32.05%38.09%37.46%24.75%
1581452045172062564,9361447610789200555
Interest1001241263571371301541571571531511521,475
Depreciation0000000000000
Profit before Tax1321721994011612005,0953561862963564863,600
Tax %16.82%24.44%-5.01%21.74%12.17%20.15%1.20%21.88%25.02%36.27%21.66%19.84%25.13%
Net Profit1101302093141421605,0342781401882793902,695
0.180.210.350.520.230.278.340.230.230.310.460.330.22

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
3,4212,9003,3853,9922,7502,6004,1604,8265,0634,62715,636
3,0472,5802,9333,4692,3721,9243,7294,2394,2133,16211,394
Operating Profit3743204525233786764315878511,4664,242
OPM %10.94%11.03%13.35%13.09%13.74%26.01%10.36%12.17%16.80%31.67%27.13%
2234262391693204764031,0255,542472951
Interest3062312303234957223757085806141,932
Depreciation00000000000
Profit before Tax2925164603682034304599045,8131,3244,737
Tax %30.38%13.91%28.55%24.17%6.98%25.61%18.95%15.64%3.42%24.73%25.02%
Net Profit2034443292791893203727625,6149973,552
EPS5.7812.649.357.945.365.300.621.269.301.65—
Dividend Payout %86.46%39.57%26.72%62.94%0.00%0.00%32.45%23.76%3.23%15.75%—

COMPOUNDED SALES GROWTH

10 Years:
5%
5 Years:
11%
3 Years:
4%

COMPOUNDED PROFIT GROWTH

10 Years:
13%
5 Years:
40%
3 Years:
39%

STOCK PRICE CAGR

10 Years:
5%
5 Years:
18%
3 Years:
7%
1 Year:
-7%

RETURN ON EQUITY

10 Years:
13%
5 Years:
14%
3 Years:
20%
Last Year:
7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
2,1542,1582,2812,2142,5057,8838,3498,88014,09415,357
3,6484,7523,8488,0529,7605,4525,8208,97010,53111,582
Trade Payables9715696656309116651,2351,9382,0941,608
2,1412,8032,8671,8621,5491,0481,0001,6163,0703,294
Total Liabilities9,26510,63410,01313,10915,07615,65217,00722,00830,39332,446
5,4015,8046,4186,4508,9758,2708,75213,77020,39923,145
07084520171293077827851
Cash & Bank9788859351,2562,0591,4931,6791,4463,1431,518
2,8873,2362,2095,4043,8715,5986,5776,0146,5727,732
Total Assets9,26510,63410,01313,10915,07615,65217,00722,00830,39332,446

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
689-1,7271,065-2791,422-2902761,149438-213
Cash from Investing-1,03145952-2,362-2,391-269-26-3,795710-923
Cash from Financing3821,262-1,1173,1241,201-12-312,549512-441
-29-60337232-571193-971,660-1,576

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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