IRB InvIT Fund

IRB InvIT Fund Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IRB InvIT Fund

₹ 66.7 1.05%
03 Jul - close price
irbinvit.co.in BSE: 540526 NSE: IRBINVIT
About

IRB InvIT Fund is a trust established by its Sponsor & Project Manager, It is a private highway infrastructure developer in India. It has been set up to own, operate and maintain a portfolio of toll road concessions, managing 7 operational road assets at present, with an aggregate value of approximately Rs. 7250 Cr. spread across the states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, and Punjab with a Weighted Average life of Assets under InvIT Portfolio of around 16 years. [1]
The Investment Manager of the Trust is IRB Infrastructure Pvt Ltd which has 18 years of experience in operating a road BOT project and is also experienced in developing, operating, and maintaining toll plazas. [2]

Key Points

Investment Trust
InvIT is an asset class specifically pertaining to the infrastructure space. It is a collective investment vehicle that pools together funds from long-term investors to acquire income-generating infrastructure assets from developers[1]

Website BSE NSE
  • Market Cap ₹ 3,871 Cr.
  • Current Price ₹ 66.7
  • High / Low ₹ 74.7 / 63.5
  • Stock P/E 13.5
  • Book Value ₹ 85.7
  • Dividend Yield %
  • ROCE 6.63 %
  • ROE 5.66 %
  • Face Value ₹
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Pros

  • Stock is trading at 0.78 times its book value

Cons

  • The company has delivered a poor sales growth of 0.20% over past five years.
  • Promoter holding is low: 18.5%
  • Tax rate seems low
  • Company has a low return on equity of 6.64% over last 3 years.

* 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 Investment Trusts Industry: Construction

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
309 303 295 297 284 278 267 257 317 289 338
7 7 7 4 4 7 77 16 44 186 61
Operating Profit 301 296 288 293 280 271 191 241 274 103 277
OPM % 98% 98% 98% 99% 99% 98% 71% 94% 86% 36% 82%
-0 1 2 -3 1 1 1 2 1 85 2
Interest 64 64 61 61 56 56 55 52 64 85 93
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 237 233 229 230 225 217 136 191 210 103 187
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
237 233 229 230 225 217 136 191 210 103 187
EPS in Rs 4.08 4.01 3.94 3.96 3.87 3.74 2.35 3.29 3.62 1.78 3.22
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
745 900 987 0 511 617 594 576 545 515 623
75 172 161 0 11 15 14 8 84 60 247
Operating Profit 670 728 825 0 500 602 580 568 461 456 376
OPM % 90% 81% 84% 98% 98% 98% 99% 85% 88% 60%
17 17 18 0 4 11 6 3 3 62 91
Interest 376 445 435 0 64 128 125 117 111 116 177
Depreciation 356 425 468 0 0 0 0 0 0 0 0
Profit before tax -45 -126 -59 0 440 486 461 455 353 401 290
Tax % -5% 2% -29% 0% 0% 0% 0% 0% 0% 0%
-48 -124 -76 0 440 486 461 455 353 401 290
EPS in Rs 7.58 8.37 7.94 7.83 6.08 6.91 5.00
Dividend Payout % 0% 0% 0% 139% 141% 118% 99% 1,301% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 0%
3 Years: 3%
TTM: 21%
Compounded Profit Growth
10 Years: 23%
5 Years: -10%
3 Years: -14%
TTM: -28%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 6%
1 Year: -6%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,112 1,115 1,115 0 5,799 5,608 5,428 5,312 5,103 4,914 4,862
Reserves 216 92 15 0 25 -3 -18 100 145 233 111
4,848 4,788 4,628 0 1,533 1,501 1,467 1,466 1,413 1,780 2,085
8,022 7,852 7,705 0 10 4 19 2 8 3 5
Total Liabilities 14,197 13,847 13,462 0 7,368 7,109 6,896 6,880 6,668 6,930 7,063
13,585 13,416 12,989 0 0 0 0 0 0 0 0
CWIP 312 2 4 0 0 0 0 0 0 0 0
Investments 0 0 0 0 2,456 2,496 2,323 2,416 2,415 2,482 2,221
300 429 469 0 4,912 4,613 4,573 4,463 4,253 4,448 4,842
Total Assets 14,197 13,847 13,462 0 7,368 7,109 6,896 6,880 6,668 6,930 7,063

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
625 500 561 0 503 603 542 430 404 617 593
-454 -27 -37 0 -6,416 211 359 91 244 -422 -327
-272 -463 -548 0 5,972 -873 -805 -582 -680 -197 -253
Net Cash Flow -101 10 -24 0 59 -59 96 -60 -32 -2 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 1 1 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 2 1 1 0 0 0 0 0 0 0
Working Capital Days -103 -26 -6 224 210 320 334 377 372 349
ROCE % 5% 6% 0% 14% 8% 8% 8% 7% 8% 7%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls