IRB Infrastructure Developers Ltd

IRB Infra.Devl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IRB Infrastructure Developers Ltd

₹ 65.7 1.42%
03 Jul - close price
irb.co.in BSE: 532947 NSE: IRB
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 39,682 Cr.
  • Current Price ₹ 65.7
  • High / Low ₹ 78.2 / 25.0
  • Stock P/E 52.0
  • Book Value ₹ 15.7
  • Dividend Yield 0.46 %
  • ROCE 9.58 %
  • ROE 8.27 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 18.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.7%

Cons

  • Stock is trading at 4.18 times its book value
  • Company has a low return on equity of 6.15% over last 3 years.
  • Promoters have pledged 48.8% of their holding.
  • Earnings include an other income of Rs.1,025 Cr.
  • Promoter holding has decreased over last 3 years: -24.2%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
615 725 768 324 782 1,341 813 942 1,064 946 1,114 1,340 1,426
519 599 660 283 384 1,101 756 887 988 872 963 1,219 1,186
Operating Profit 96 126 108 42 399 240 57 55 76 74 151 121 240
OPM % 16% 17% 14% 13% 51% 18% 7% 6% 7% 8% 14% 9% 17%
67 58 57 226 135 55 150 106 92 158 145 204 517
Interest 149 175 173 248 124 91 95 94 91 100 124 126 357
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 14 9 -8 20 409 203 111 68 77 132 172 199 401
Tax % 72% 26% 33% 26% 26% 26% 8% 6% 28% 17% 24% -5% 22%
4 7 -5 15 304 151 102 63 56 110 130 209 314
EPS in Rs 0.01 0.02 -0.01 0.02 0.50 0.25 0.17 0.10 0.09 0.18 0.21 0.35 0.52
Raw PDF

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
2,032 2,212 1,956 2,768 3,413 2,900 3,385 3,992 2,750 2,600 4,160 4,826
1,818 1,983 1,754 2,532 3,038 2,580 2,933 3,469 2,372 1,924 3,729 4,240
Operating Profit 215 229 201 236 374 320 452 523 378 676 431 586
OPM % 11% 10% 10% 9% 11% 11% 13% 13% 14% 26% 10% 12%
213 296 244 393 223 426 239 169 320 476 403 1,025
Interest 198 214 271 280 306 231 230 323 495 722 375 707
Depreciation 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
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
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
Dividend Payout % 71% 46% 102% 48% 86% 40% 27% 63% 0% 0% 32% 24%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 21%
TTM: 16%
Compounded Profit Growth
10 Years: 10%
5 Years: 18%
3 Years: 60%
TTM: 105%
Stock Price CAGR
10 Years: 9%
5 Years: 48%
3 Years: 61%
1 Year: 146%
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 0
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 -69
ROCE % 13% 15% 10% 13% 10% 11% 9% 8% 6% 9% 6%

Shareholding Pattern

Numbers in percentages

22 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.46% 58.46% 34.02% 34.02% 34.20% 34.20% 34.20% 34.20% 34.21% 34.39% 34.39% 34.39%
14.41% 13.34% 48.15% 48.79% 48.65% 48.76% 48.58% 48.52% 48.37% 47.29% 47.16% 47.21%
13.53% 13.01% 5.70% 6.14% 6.50% 6.69% 6.71% 6.98% 6.98% 7.38% 7.85% 7.78%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
13.60% 15.18% 12.12% 11.05% 10.64% 10.34% 10.50% 10.28% 10.43% 10.94% 10.59% 10.59%
No. of Shareholders 1,10,4571,30,1611,53,2191,36,5721,39,5121,38,6051,53,3522,03,6542,40,2583,31,1404,65,2828,68,966

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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