IRB InvIT Fund

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

IRB InvIT Fund

₹ 61.1 1.43%
20 Dec - 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 ₹ 3,549 Cr.
  • Current Price ₹ 61.1
  • High / Low ₹ 71.0 / 55.3
  • Stock P/E 9.99
  • Book Value ₹ 67.4
  • Dividend Yield %
  • ROCE 9.21 %
  • ROE 9.14 %
  • Face Value ₹
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Pros

  • Stock is trading at 0.91 times its book value

Cons

  • The company has delivered a poor sales growth of -2.62% over past five years.
  • Promoter holding is low: 18.6%
  • Tax rate seems low
  • Company has a low return on equity of 8.30% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
636 615 636 497 665 663 734 917 528 518 544 532
122 128 120 113 113 120 122 504 130 85 115 93
Operating Profit 513 487 515 383 552 543 613 413 398 433 429 439
OPM % 81% 79% 81% 77% 83% 82% 83% 45% 75% 84% 79% 82%
1 10 10 -2 1 1 1 4 13 8 16 13
Interest 81 84 79 75 71 71 71 72 121 136 136 148
Depreciation 323 338 348 233 375 285 396 166 95 113 117 127
Profit before tax 110 74 99 73 108 189 147 179 195 193 191 177
Tax % 1% 1% -1% -0% 0% 4% 17% 2% 1% 2% 4% 3%
110 73 99 73 108 181 122 176 193 189 184 171
EPS in Rs 1.89 1.26 1.71 1.26 1.86 3.11 2.10 3.04 3.33 3.26 3.17 2.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 992 1,213 1,241 1,143 1,392 1,442 1,062 1,076
0 185 233 247 226 242 634 200 208
Operating Profit 0 807 979 993 917 1,150 808 862 868
OPM % 81% 81% 80% 80% 83% 56% 81% 81%
0 13 21 30 18 9 20 24 29
Interest 0 100 160 164 146 142 193 272 285
Depreciation 0 487 641 685 608 681 261 230 244
Profit before tax 0 233 199 173 181 336 374 384 368
Tax % 0% 1% 0% -0% 10% 1% 3%
0 232 198 173 181 303 370 373 355
EPS in Rs 4.00 3.41 2.98 3.12 5.21 6.37 6.43 6.12
Dividend Payout % 263% 347% 314% 250% 1,517% 0% 4%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: -2%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 28%
TTM: -7%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: 3%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 8%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.00 5,799 5,608 5,428 5,312 5,103 4,914 4,862
Reserves 0 -183 -499 -802 -959 -963 -908 -947
0 1,772 1,799 1,765 1,899 1,896 3,038 3,049
0 6,617 6,420 6,203 5,989 5,923 5,475 5,610
Total Liabilities 0 14,005 13,327 12,594 12,241 11,958 12,519 12,574
0 13,627 12,975 12,290 11,629 10,951 10,692 10,461
CWIP 0 3 0 0 2 1 0 0
Investments 0 215 227 53 159 215 185 138
0 160 125 250 450 790 1,642 1,975
Total Assets 0 14,005 13,327 12,594 12,241 11,958 12,519 12,574

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 855 940 870 929 1,027 809 987
0 -5,825 -142 112 -494 -378 -284 -186
0 5,064 -878 -806 -581 -679 -516 -784
Net Cash Flow 0 93 -79 176 -146 -30 9 17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0
Working Capital Days -142 -152 -149 -201 -192 9 -48
ROCE % 9% 5% 5% 5% 8% 8% 9%

Shareholding Pattern

Numbers in percentages

1 Recently

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls