MarketFriction

IRB Infrastructure Developers Ltd

NSE IRB · BSE 532947 · Civil Construction
₹17.00 -2.80%
NSE close2026-10-01
52 week range16.75 - 23.95
Market cap₹20,508 Cr.
P/E20.8
Nifty 500Smallcap 250 Price band 20% Delivery 42.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,7451,9692,0611,8531,5862,0252,1492,0991,7511,8711,9272,137
Expenses1,0261,1501,3071,0499031,0411,1511,147826849844985
Operating Profit7198197558046839849989529251,0221,0831,153
OPM %41%42%37%43%43%49%46%45%53%55%56%54%
Other Income1301094431191665,869696649-25035
Interest435433615439434461458462451436406438
Depreciation233251274255231265286269262289321333
Profit before tax1822433092291836,127323286261295406417
Tax %47%23%39%39%46%2%33%29%46%29%27%26%
Net Profit961871891401006,026215202141211296306
EPS in Rs0.080.160.160.120.084.990.180.170.120.170.250.25
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,1285,8465,6946,7076,8525,2995,8046,4027,4097,6137,6487,686
Expenses2,4612,7893,0053,7633,8872,9473,2293,2714,3874,1413,6413,504
Operating Profit2,6673,0572,6892,9442,9652,3522,5753,1303,0223,4724,0084,182
OPM %52%52%47%44%43%44%44%49%41%46%52%54%
Other Income1271232951962521895523007936,222138133
Interest1,0701,3429761,1261,5741,6971,8941,5211,8681,7951,7561,731
Depreciation8538555445404685826838329951,0381,1421,206
Profit before tax8709841,4641,4731,1752625501,0779516,8611,2481,378
Tax %26%27%37%42%39%55%34%33%36%6%32%
Net Profit6407159208507211173617206066,481850954
EPS in Rs0.911.021.311.211.030.170.300.600.505.370.700.79
Dividend Payout %22%25%19%10%24%0%0%17%30%3%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%8%6%-2%
Compounded Profit Growth3%50%8%18%
Stock Price CAGR3%10%2%-18%
Return on Equity6%5%5%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital351351351351351351351604604604604604
Reserves4,0094,4854,9205,3415,9646,3316,54911,96212,77513,14119,22320,345
Borrowings12,57615,62613,96313,83216,5999,20519,21916,69716,74818,65320,59920,027
Other Liabilities22,45321,69927,40620,86517,54923,99715,05213,21812,57512,47213,42313,022
Total Liabilities39,39142,16246,64140,38940,46439,88541,17142,48142,70344,87053,84953,998
Fixed Assets31,76435,14924,38831,07132,94327,67127,10227,27126,48025,51424,61623,896
CWIP4,8354,0206,8065,6483,797403673638814
Investments9361469456454,1464,7994,9045,1419,64217,09719,328
Other Assets2,7832,95715,3012,7243,0797,6668,59710,24311,0749,70612,13510,770
Total Assets39,39142,16246,64140,38940,46439,88541,17142,48142,70344,87053,84953,998
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,8232,3403,1922,1322,7103,7098673641,7644,0541,9712,098
Cash from Investing Activity-2,297-3,144-2,981-2,621-4,081-4,932-8,176-1,553-650-3,644375-910
Cash from Financing Activity475671-2024101,4381,3887,520589-860-477-720-2,702
Net Cash Flow2-1339-7966165211-601253-681,627-1,513
Free Cash Flow-486-819417-1,838-1,507-1,492-6,924-1,0101,3543,8161,7761,417
CFO/OP92%99%116%98%104%138%46%22%63%142%62%54%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days014862323629337167
Inventory Days218304277294246261263206199
Days Payable196304622654296438607317139
Cash Conversion Cycle221486-321-33613-84-306-9567
Working Capital Days-165-161-144-394-265-563-16633-54-62-57
ROCE %10%10%12%12%12%14%9%9%9%9%8%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters34.39%34.39%34.39%30.42%30.42%30.42%30.42%30.42%30.42%30.42%30.79%30.81%
FIIs47.29%47.16%47.21%44.47%45.99%45.07%44.31%43.61%43.40%43.32%43.84%43.87%
DIIs7.38%7.85%7.78%7.65%8.10%8.57%9.34%10.21%9.58%9.97%10.02%10.14%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public10.94%10.59%10.59%17.46%15.49%15.92%15.92%15.74%16.59%16.29%15.32%15.17%
No. of Shareholders3,31,1404,65,2828,68,96616,98,57017,17,19117,17,29517,25,50216,72,80816,34,09915,84,43815,31,35615,25,882

Fundamentals

Market Cap₹ 20,508 Cr.
Current Price₹ 17.0
Stock P/E20.8
Book Value₹ 17.3
ROCE7.47 %
ROE4.29 %
Dividend Yield0.91 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)18%
Consolidated figures.
Valuation
Market capRs 10,266 Cr
Enterprise valueRs 28,382 Cr
P/E (TTM)10.76x
Price to book0.49x
Price to sales1.34x
EV / EBITDA6.58x
EV / EBIT9.13x
EV / sales3.69x
Price to cash flow4.89x
Earnings yield9.29%
Dividend yield1.24%
P/E, 3-year average15.67x
P/B, 3-year average0.87x
P/E, 5-year average11.93x
P/B, 5-year average0.65x
Profitability
Operating margin (excl. other income)52.40%
Operating margin (incl. other income)54.21%
EBITDA margin56.14%
Pre-tax margin17.93%
Net profit margin12.41%
Net margin, latest quarter14.33%
ROE4.17%
ROCE7.38%
ROA1.58%
ROE, 3-year average15.75%
ROCE, 3-year average13.39%
ROA, 3-year average5.36%
ROE, 5-year average11.30%
ROCE, 5-year average11.55%
ROA, 5-year average3.73%
ROIC (approx.)5.42%
Tax rate31.85%
Other income / net worth0.66%
Growth
Sales growth (latest year)0.46%
Profit growth (latest year)-86.88%
Sales CAGR, 3 years6.11%
Sales CAGR, 5 years7.62%
Profit CAGR, 3 years5.70%
Profit CAGR, 5 years48.65%
Sales growth QoQ10.91%
Profit growth QoQ3.38%
Sales growth YoY (latest quarter)1.82%
Profit growth YoY (latest quarter)51.26%
Per share
EPS (TTM)Rs 1.58
EPS (latest year)Rs 1.41
EPS (latest quarter)Rs 0.51
EPS, 3-year averageRs 4.38
EPS, 5-year averageRs 4.06
Book value per shareRs 34.69
Sales per shareRs 12.73
Cash flow per shareRs 3.47
Free cash flow per shareRs 2.35
Dividend per share (latest year)Rs 0.21
Dividend per share, 3-year averageRs 0.27
Dividend per share, 5-year averageRs 0.25
Dividends
Dividend payout14.91%
Dividend payout, 3-year average15.87%
Dividend payout, 5-year average16.10%
Efficiency
Asset turnover0.14x
Fixed asset turnover0.32x
Inventory turnover7.78x
Inventory days47 days
Debtor days7 days
Debtors turnover49.22x
Creditor days139 days
Cash conversion cycle67 days
Working capital days-57 days
Leverage
Total debtRs 20,027 Cr
Cash and bankRs 1,911 Cr
Net debtRs 18,116 Cr
Debt to equity0.96x
Net debt / EBITDA4.20x
Interest coverage1.80x
Current ratio (filing 2026-03-31)1.24x
Quick ratio (filing 2026-03-31)1.14x
Trade payables (filing 2026-03-31)Rs 257 Cr
Owners' fund to total sources38.80%
Debt to assets37.09%
Cash flow
Cash from Operating Activity (latest year)Rs 2,098 Cr
Cash from Investing Activity (latest year)Rs -910 Cr
Cash from Financing Activity (latest year)Rs -2,702 Cr
Net Cash Flow (latest year)Rs -1,513 Cr
Free cash flow (latest year)Rs 1,417 Cr
FCFE (approx.: FCF + change in debt)Rs 845 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow3.65x
Statement figures
Net sales (TTM)Rs 7,686 Cr
Net sales (latest year)Rs 7,648 Cr
Sales (latest quarter)Rs 2,137 Cr
Operating profit excl. other income (latest year)Rs 4,008 Cr
Operating profit (latest quarter)Rs 1,153 Cr
Other income (TTM)Rs 133 Cr
EBITDA (TTM)Rs 4,315 Cr
PBDT (TTM)Rs 2,584 Cr
Profit before tax (TTM)Rs 1,378 Cr
Tax (latest year)Rs 397 Cr
Net profit (TTM)Rs 954 Cr
Net profit (latest year)Rs 850 Cr
Net profit (latest quarter)Rs 306 Cr
Depreciation (TTM)Rs 1,206 Cr
Depreciation (latest quarter)Rs 333 Cr
Interest (TTM)Rs 1,731 Cr
Cost of goods sold (latest year)Rs 2,856 Cr
Total expenditure (latest year)Rs 3,641 Cr
Total income (latest year)Rs 7,786 Cr
Share capitalRs 604 Cr
ReservesRs 20,345 Cr
Shareholders' fundsRs 20,949 Cr
Total assetsRs 53,998 Cr
Net blockRs 23,896 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 19,328 Cr
ReceivablesRs 155 Cr
InventoryRs 367 Cr
Other liabilitiesRs 13,022 Cr
Shares outstanding (crore)603.90
Ownership
Promoter holding30.81% (+0.39 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.8 is at the 52th percentile of its own 9.4-year range (median 10.0, low 1.9, high 65.5).
P/B 0.49 is at the 12th percentile (median 0.70).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIRBNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month-12.1%-6.8% -5.4 pts
3 months-20.2%-7.6% -12.6 pts
6 months-23.2%+0.4% -23.6 pts
1 year-19.0%-9.9% -9.1 pts
2 years-46.2%-13.6% -32.6 pts
3 years+7.6%+14.2% -6.6 pts
5 years+61.8%+27.9% +33.9 pts
47 mutual fund schemes hold about ₹1,195 Cr. Over three months 46 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Mid Cap Fund6.00%483 +14%
Quant Multi Cap Fund2.26%175 +14%
Quant Small Cap Fund0.49%173 +4%
ICICI Pru Infrastructure Fund0.90%77 +13%
ICICI Pru Multi Cap Fund0.39%77 +5%
ICICI Pru Multi Cap Fund0.39%74 +5%
ICICI Pru Mid Cap Fund0.32%27 +6%
ICICI Pru Mid Cap Fund0.32%26 +6%
Quant Flexi Cap Fund0.30%22 +10%
Nippon India Nifty Smallcap 250 Index Fund0.34%12 +9%
Bandhan Infrastructure Fund0.60%9 +20%
UTI Nifty 500 Value 50 Index Fund0.85%7 +14%
SBI Nifty Smallcap 250 Index Fund0.34%6 +9%
Qsif Equity Ex-Top 100 Long-Short Fund1.24%5 +100%
Motilal Oswal Nifty Smallcap 250 Index Fund0.34%4 +9%
ICICI Pru Nifty Smallcap 250 Index Fund0.34%3 +9%
HDFC NIFTY Smallcap 250 Index Fund0.34%3 +9%
Axis Nifty500 Value 50 Index Fund0.85%2 +14%
HDFC BSE India Sector Leaders Index Fund0.90%2 +12%
JioBlackRock Nifty Smallcap 250 Index Fund0.34%1 +9%
Motilal Oswal Nifty 500 Index Fund0.04%1 +11%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 +18%
Edelweiss Nifty Smallcap 250 Index Fund0.34%1 +9%
Aditya Birla SL BSE India Infrastructure Index Fund2.46%1 +23%
Groww Nifty Smallcap 250 Index Fund0.34%0 +9%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,137 Cr +1.8% vs Jun 2025. Net profit ₹306 Cr +51.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-05Interim Dividend - Re 0.05 Per Share
2026-05-26Interim Dividend - Re 0.05 Per Share
2026-03-30Bonus 1:10.5000
2026-02-18Interim Dividend - Re 0.07 Per Share
2025-11-18Interim Dividend - Rs 0.07 Per Share
2025-08-29Interim Dividend - Re 0.07 Per Share
2025-02-06Interim Dividend - Re 0.10 Per Share
2024-11-08Interim Dividend - Re 0.10 Per Share
2024-08-20Interim Dividend - Re 0.1 Per Share
2024-05-15Interim Dividend - Re 0.10 Per Share
2024-02-08Interim Dividend - Re 0.10 Per Share
2023-11-06Inteim Dividend - Re 0.10 Per Share
2023-05-29Interim Dividend - Re 0.075 Per Share
2023-02-22Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2022-08-12Interim Dividend - Rs 1.25 Per Share
2020-07-16 Dividend - Rs 5 Per Share
2019-09-20 Annual General Meeting
2018-08-27 Annual General Meeting
2018-08-01 Interim Dividend- Rs 2.50 Per Share (Purpose Revised)
2018-02-15 Interim Dividend Rs 2.50 Per Share (Purpose Revised)
2017-08-16 Annual General Meeting
2017-07-31 Interim Dividend - Rs 2.50 Per Share (Purpose Revised)
2017-06-06 Interim Dividend Rs 3/- Per Share
2017-02-02 Interim Dividend Rs 2/- Per Share (Purpose Revised)
2016-09-19 Annual General Meeting
2016-03-16 Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2015-10-27Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2015-09-16 Annual General Meeting
2015-06-04Second Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2014-09-03Annual General Meeting
2014-08-04Interim Dividend Rs 2/- Per Share (Purpose Revised)
2014-02-05Second Interim Dividend - Rs 2/- Per Share
2013-08-121st Interim Dividend Rs.2/- Per Share (Purpose Revised)
2013-07-04Annual General Meeting
2013-05-20Fourth Interim Dividend @ Re.1/- Per Equity Share (Purpose Revised)
2013-02-11Interim Dividend Re 1 Per Share (Purpose Revised)
2012-11-02Interim Dividend Re 1 Per Share (Purpose Revised)
2012-08-01Annual General Meeting/ Interim Dividend Rs 1 Per Share (Purpose Revised)
2012-01-31Interim Dividend Rs.1.80 Per Share (Purpose Revised)
2011-08-17Dividend-Rs.1.50 Per Share
2010-09-21Annual General Meeting And Dividend Rs.1.50 Per Share
2009-08-27Dividend-Re.0.50 Pr Share
2009-02-12Interim Dividend - 10% Purpose Revised
2008-08-21Annual General Meeting
DateTypeWhat it says
2026-10-01UpdatesMoody s Investor Service has issued an update on the long term corporate family rating and the instrument rating assigned to USD senior secured notes....
2026-09-30UpdatesUpdate on Transfer of two Projects from IRB Infrastructure Trust to IRB InvIT Fund .
2026-09-29AgreementsExecution of Project Implementation / Management Agreements with IRB InvIT Fund to act as the Project Manager
2026-09-29UpdatesCompany sponsored IRB InvIT Fund completes Fund-Raise through Institutional Placement and Preferential Allotment of Units.
2026-09-22UpdatesUpdate on binding term sheet from IRB Infrastructure Trust to IRB InvIT fund.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026. Further, the company has informed the Exchange regarding voting results.
2026-09-22UpdatesMonetization of non core assets.
2026-09-09UpdatesProject wise toll revenue for the month of August 2026.
2026-08-27UpdatesDispatch 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 complia...
2026-08-27UpdatesBusiness Responsibility and Sustainability Report for the Financial Year 2025-26.
2026-08-27Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-27UpdatesIntimation of Schedule of analysts/ Institutional Meeting.
2026-08-26UpdatesContinuation of Directorship of Mr. Ravindra Dhariwal and convening of 28th Annual General Meeting.
2026-08-26Scheme of ArrangementScheme of Amalgamation of certain wholly owned subsidiaries with IRB Infrastructure Developers Limited.
2026-08-26AcquisitionThe Board of Directors has approved investment in the units of IRB InvIT Fund through subscription in a preferential issue
2026-08-14UpdatesIntimation of Schedule of analysts/ Institutional Meeting.
2026-08-10UpdatesProject wise toll revenue for the month of July 2026.
2026-08-06Concall / analyst meetTranscript
2026-08-03Shareholder meetingVoting results of Postal Ballot
2026-07-30Concall / analyst meetLink of Recording
2026-07-30UpdatesCorporate Presentation for quarter ended June 30, 2026.
2026-07-30Record DateRecord date for the purpose of interim dividend is 05-Aug-2026.
2026-07-30DividendBoard of Directors at its meeting held on July 30, 2026, declared Interim Dividend of Rs. 0.05 per equity share.
2026-07-30Board meeting outcomeIRB Infrastructure Developers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Concall / analyst meetThe Company will conduct earnings call at 04.00 pm IST on July 30, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-301
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of IRB Infrastructure Developers Ltd?

IRB Infrastructure Developers Ltd (IRB) has a market capitalisation of Rs 20,508 Cr. at the 2026-10-01 close.

What is the P/E ratio of IRB Infrastructure Developers Ltd?

IRB Infrastructure Developers Ltd trades at a P/E of 20.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were IRB Infrastructure Developers Ltd's latest quarterly results?

In the Jun 2026 quarter, IRB Infrastructure Developers Ltd sales was Rs 2,137 Cr (+1.8% vs Jun 2025) and net profit was Rs 306 Cr.

What is the 52-week high and low of IRB Infrastructure Developers Ltd?

The 52-week high is Rs 23.95 and the 52-week low is Rs 16.75.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03