IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate.[1]
- Market Cap ₹ 37,991 Cr.
- Current Price ₹ 62.9
- High / Low ₹ 78.2 / 30.4
- Stock P/E 47.8
- Book Value ₹ 15.7
- Dividend Yield 0.48 %
- ROCE 9.52 %
- ROE 8.17 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 18.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 23.4%
Cons
- Stock is trading at 4.01 times its book value
- Promoter holding has decreased over last quarter: -3.97%
- Company has a low return on equity of 6.11% over last 3 years.
- Promoters have pledged 55.3% of their holding.
- Earnings include an other income of Rs.1,072 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,032 | 2,212 | 1,956 | 2,768 | 3,413 | 2,900 | 3,385 | 3,992 | 2,750 | 2,600 | 4,160 | 4,826 | 5,135 | |
1,818 | 1,983 | 1,754 | 2,532 | 3,038 | 2,580 | 2,933 | 3,469 | 2,372 | 1,924 | 3,729 | 4,239 | 4,529 | |
Operating Profit | 215 | 229 | 201 | 236 | 374 | 320 | 452 | 523 | 378 | 676 | 431 | 587 | 606 |
OPM % | 11% | 10% | 10% | 9% | 11% | 11% | 13% | 13% | 14% | 26% | 10% | 12% | 12% |
213 | 296 | 244 | 393 | 223 | 426 | 239 | 169 | 320 | 476 | 403 | 1,025 | 1,072 | |
Interest | 198 | 214 | 271 | 280 | 306 | 231 | 230 | 323 | 495 | 722 | 375 | 708 | 745 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 230 | 312 | 174 | 349 | 292 | 516 | 460 | 368 | 203 | 430 | 459 | 904 | 933 |
Tax % | 19% | 8% | 20% | 16% | 30% | 14% | 29% | 24% | 7% | 26% | 19% | 16% | |
187 | 288 | 138 | 292 | 203 | 444 | 329 | 279 | 189 | 320 | 372 | 762 | 794 | |
EPS in Rs | 0.56 | 0.87 | 0.39 | 0.83 | 0.58 | 1.26 | 0.94 | 0.79 | 0.54 | 0.53 | 0.62 | 1.26 | 1.31 |
Dividend Payout % | 71% | 46% | 102% | 48% | 86% | 40% | 27% | 63% | 0% | 0% | 32% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 21% |
TTM: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 18% |
3 Years: | 59% |
TTM: | 140% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 54% |
3 Years: | 44% |
1 Year: | 99% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 332 | 332 | 351 | 351 | 351 | 351 | 351 | 351 | 351 | 604 | 604 | 604 |
Reserves | 1,239 | 1,394 | 1,798 | 2,021 | 2,154 | 2,158 | 2,281 | 2,214 | 2,505 | 7,883 | 8,349 | 8,880 |
1,685 | 2,195 | 2,530 | 2,921 | 3,646 | 5,415 | 4,611 | 8,042 | 10,090 | 5,468 | 5,865 | 9,325 | |
1,468 | 1,995 | 2,467 | 2,562 | 2,861 | 2,458 | 2,538 | 2,211 | 2,130 | 1,647 | 2,115 | 3,133 | |
Total Liabilities | 4,724 | 5,916 | 7,146 | 7,855 | 9,012 | 10,382 | 9,782 | 12,820 | 15,076 | 15,602 | 16,933 | 21,942 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1,641 | 1,867 | 2,317 | 2,502 | 5,401 | 5,804 | 6,418 | 6,450 | 8,975 | 8,270 | 8,752 | 13,770 |
3,084 | 4,049 | 4,830 | 5,353 | 3,612 | 4,578 | 3,364 | 6,369 | 6,101 | 7,333 | 8,181 | 8,172 | |
Total Assets | 4,724 | 5,916 | 7,146 | 7,855 | 9,012 | 10,382 | 9,782 | 12,820 | 15,076 | 15,602 | 16,933 | 21,942 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
494 | 514 | 648 | 536 | 619 | -1,727 | 1,065 | -425 | 1,422 | -290 | 250 | 1,149 | |
-185 | -684 | -1,087 | -437 | -1,031 | 459 | 52 | -2,362 | -2,391 | -269 | -26 | -3,795 | |
-409 | 136 | 430 | -64 | 382 | 1,262 | -1,117 | 3,124 | 1,201 | -12 | -31 | 2,549 | |
Net Cash Flow | -100 | -34 | -9 | 36 | -29 | -6 | 0 | 337 | 232 | -571 | 193 | -97 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 22 | 17 | 13 | 1 | 89 | 49 | 22 | 23 | 41 | 48 | 59 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 23 | 22 | 17 | 13 | 1 | 89 | 49 | 22 | 23 | 41 | 48 | 59 |
Working Capital Days | -93 | 28 | -100 | -103 | -52 | 71 | -95 | -12 | -26 | -10 | 7 | -87 |
ROCE % | 13% | 15% | 10% | 13% | 10% | 11% | 9% | 8% | 6% | 9% | 6% | 10% |
Documents
Announcements
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Sustainability Report For FY 2023-24
2d - Sustainability Report for FY 2023-24 uploaded.
- Closure of Trading Window 26 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 24 Sep
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Announcement under Regulation 30 (LODR)-Credit Rating
11 Sep - CRISIL reaffirms ratings; NCD rating withdrawn.
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Toll Revenue For August 2024
9 Sep - IRB reports 20% Y-o-Y increase in toll revenue for August 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Aug 2024TranscriptPPT
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPTREC
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Aug 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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Feb 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Aug 2020TranscriptNotesPPT
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Oct 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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Apr 2019TranscriptPPT
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Feb 2018TranscriptNotesPPT
Business Portfolio
The Company is India’s largest road BOT operator with a portfolio of 36 projects. The company’s TOT portfolio aggregates 37% of the total TOT market share. Also, it has a ~20% share in Golden Quadrilateral Highway Network. Company has the ability to undertake construction of 500 to 600 kms at any given point of time [1]