Price
Financials
Consolidated, Rs crore| Dec 2022 | Jun 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 279 | 268 | 268 | 274 | 270 | 275 | 282 | 291 | 277 | 450 | 528 | 492 |
| Expenses | 77 | 42 | 73 | 47 | 46 | 51 | 49 | 46 | 45 | 78 | 140 | 96 |
| Operating Profit | 202 | 226 | 195 | 227 | 224 | 224 | 232 | 245 | 232 | 372 | 388 | 396 |
| OPM % | 72% | 84% | 73% | 83% | 83% | 81% | 82% | 84% | 84% | 83% | 74% | 81% |
| Other Income | 6 | 1 | 16 | 2 | 0 | 7 | 1 | 2 | 1 | -2 | 32 | 0 |
| Interest | 58 | 68 | 69 | 76 | 72 | 75 | 71 | 72 | 73 | 190 | 184 | 188 |
| Depreciation | 46 | 57 | 58 | 63 | 64 | 61 | 66 | 71 | 72 | 100 | 138 | 128 |
| Profit before tax | 103 | 102 | 84 | 89 | 88 | 94 | 97 | 103 | 89 | 80 | 99 | 80 |
| Tax % | 3% | 2% | 4% | 3% | 3% | 3% | 3% | 3% | 7% | 26% | 2% | 1% |
| Net Profit | 100 | 101 | 81 | 86 | 85 | 91 | 94 | 100 | 83 | 60 | 97 | 79 |
| EPS in Rs | 1.73 | 1.73 | 1.39 | 1.48 | 1.47 | 1.57 | 1.61 | 1.72 | 1.43 | 0.47 | 0.75 | 0.62 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 992 | 1,213 | 1,241 | 1,143 | 1,392 | 1,442 | 1,062 | 1,084 | 1,485 | 1,747 |
| Expenses | 0 | 185 | 233 | 247 | 226 | 242 | 634 | 200 | 194 | 309 | 359 |
| Operating Profit | 0 | 807 | 979 | 993 | 917 | 1,150 | 808 | 862 | 890 | 1,175 | 1,388 |
| OPM % | 81% | 81% | 80% | 80% | 83% | 56% | 81% | 82% | 79% | 79% | |
| Other Income | 0 | 13 | 21 | 30 | 18 | 9 | 20 | 24 | 26 | 95 | 32 |
| Interest | 0 | 100 | 160 | 164 | 146 | 142 | 193 | 272 | 294 | 519 | 635 |
| Depreciation | 0 | 487 | 641 | 685 | 608 | 681 | 261 | 230 | 254 | 380 | 437 |
| Profit before tax | 0 | 233 | 199 | 173 | 181 | 336 | 374 | 384 | 368 | 371 | 348 |
| Tax % | 0% | 1% | 0% | -0% | 10% | 1% | 3% | 3% | 9% | ||
| Net Profit | 0 | 232 | 198 | 173 | 181 | 303 | 370 | 373 | 356 | 339 | 318 |
| EPS in Rs | 4.00 | 3.41 | 2.98 | 3.12 | 5.21 | 6.37 | 6.43 | 6.13 | 2.64 | 3.27 | |
| Dividend Payout % | 263% | 347% | 314% | 250% | 1,517% | 0% | 0% | 0% | 126% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 5% | 1% | 56% | ||
| Compounded Profit Growth | % | 12% | -5% | -13% | ||
| Stock Price CAGR | % | 2% | -3% | 2% | ||
| Return on Equity | % | 8% | 7% | 5% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 5,799 | 5,608 | 5,428 | 5,312 | 5,103 | 4,914 | 4,862 | 4,748 | 8,873 |
| Reserves | 0 | -183 | -499 | -802 | -959 | -963 | -908 | -947 | -942 | -698 |
| Borrowings | 0 | 1,772 | 1,799 | 1,765 | 1,899 | 1,896 | 3,038 | 3,049 | 3,198 | 9,361 |
| Other Liabilities | 0 | 6,617 | 6,420 | 6,203 | 5,989 | 5,923 | 5,475 | 5,610 | 5,336 | 5,446 |
| Total Liabilities | 0 | 14,005 | 13,327 | 12,594 | 12,241 | 11,958 | 12,519 | 12,574 | 12,340 | 22,981 |
| Fixed Assets | 0 | 13,627 | 12,975 | 12,290 | 11,629 | 10,951 | 10,692 | 10,461 | 10,203 | 18,888 |
| CWIP | 0 | 3 | 0 | 0 | 2 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 215 | 227 | 53 | 159 | 215 | 185 | 138 | 237 | 591 |
| Other Assets | 0 | 160 | 125 | 250 | 450 | 790 | 1,642 | 1,975 | 1,900 | 3,502 |
| Total Assets | 0 | 14,005 | 13,327 | 12,594 | 12,241 | 11,958 | 12,519 | 12,574 | 12,340 | 22,981 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 855 | 940 | 870 | 929 | 1,027 | 809 | 987 | 961 | 1,275 |
| Cash from Investing Activity | 0 | -5,825 | -142 | 112 | -494 | -378 | -284 | -186 | -389 | -9,647 |
| Cash from Financing Activity | 0 | 5,064 | -878 | -806 | -581 | -679 | -516 | -784 | -579 | 8,588 |
| Net Cash Flow | 0 | 93 | -79 | 176 | -146 | -30 | 9 | 17 | -7 | 216 |
| Free Cash Flow | 0 | -5,966 | 844 | 750 | 887 | 1,026 | 161 | 802 | 700 | 1,000 |
| CFO/OP | 106% | 96% | 88% | 101% | 89% | 100% | 115% | 109% | 110% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Working Capital Days | -142 | -152 | -149 | -219 | -206 | -19 | -86 | -87 | -70 | |
| ROCE % | 9% | 5% | 5% | 5% | 8% | 8% | 9% | 9% | 7% |
Fundamentals
Market Cap₹ 5,079 Cr.
Current Price₹ 64.2
Stock P/E15.9
Book Value₹ 63.8
ROCE6.96 %
ROE5.11 %
Dividend Yield10.3 %
Face Value₹ 102
Compounded Sales Growth (TTM)56%
Compounded Profit Growth (TTM)-13%
Consolidated figures.
Valuation
Market capRs 8,177 Cr
Enterprise valueRs 17,012 Cr
P/E (TTM)25.68x
Price to book1.00x
Price to sales4.68x
EV / EBITDA11.98x
EV / EBIT17.31x
EV / sales9.74x
Price to cash flow6.41x
Earnings yield3.89%
Dividend yield5.21%
P/E, 3-year average13.80x
P/B, 3-year average0.90x
P/E, 5-year average12.42x
P/B, 5-year average0.88x
Profitability
Operating margin (excl. other income)79.15%
Operating margin (incl. other income)85.53%
EBITDA margin81.26%
Pre-tax margin19.92%
Net profit margin18.23%
Net margin, latest quarter16.14%
ROE5.65%
ROCE7.25%
ROA1.92%
ROE, 3-year average8.09%
ROCE, 3-year average8.70%
ROA, 3-year average2.58%
ROE, 5-year average8.10%
ROCE, 5-year average8.51%
ROA, 5-year average2.65%
ROIC (approx.)5.28%
Tax rate8.68%
Other income / net worth1.16%
Growth
Sales growth (latest year)36.94%
Profit growth (latest year)-4.77%
Sales CAGR, 3 years0.98%
Sales CAGR, 5 years5.37%
Profit CAGR, 3 years-2.88%
Profit CAGR, 5 years13.37%
Sales growth QoQ-6.82%
Profit growth QoQ-17.77%
Sales growth YoY (latest quarter)69.28%
Profit growth YoY (latest quarter)-20.24%
Per share
EPS (TTM)Rs 2.48
EPS (latest year)Rs 2.64
EPS (latest quarter)Rs 0.62
EPS, 3-year averageRs 5.06
EPS, 5-year averageRs 5.36
Book value per shareRs 63.78
Sales per shareRs 13.63
Cash flow per shareRs 9.95
Free cash flow per shareRs 7.80
Dividend per share (latest year)Rs 3.32
Dividend per share, 3-year averageRs 3.32
Dividend per share, 5-year averageRs 41.22
Dividends
Dividend payout125.78%
Dividend payout, 3-year average125.78%
Dividend payout, 5-year average821.55%
Efficiency
Asset turnover0.06x
Fixed asset turnover0.08x
Cash conversion cycle0 days
Working capital days-70 days
Leverage
Total debtRs 9,361 Cr
Cash and bankRs 526 Cr
Net debtRs 8,836 Cr
Debt to equity1.15x
Net debt / EBITDA6.22x
Interest coverage1.55x
Owners' fund to total sources35.57%
Debt to assets40.73%
Cash flow
Cash from Operating Activity (latest year)Rs 1,275 Cr
Cash from Investing Activity (latest year)Rs -9,647 Cr
Cash from Financing Activity (latest year)Rs 8,588 Cr
Net Cash Flow (latest year)Rs 216 Cr
Free cash flow (latest year)Rs 1,000 Cr
FCFE (approx.: FCF + change in debt)Rs 7,164 Cr
Cash from ops / profit, 5 years2.91x
Sales to cash flow1.16x
Statement figures
Net sales (TTM)Rs 1,747 Cr
Net sales (latest year)Rs 1,485 Cr
Sales (latest quarter)Rs 492 Cr
Operating profit excl. other income (latest year)Rs 1,175 Cr
Operating profit (latest quarter)Rs 396 Cr
Other income (TTM)Rs 32 Cr
EBITDA (TTM)Rs 1,420 Cr
PBDT (TTM)Rs 785 Cr
Profit before tax (TTM)Rs 348 Cr
Tax (latest year)Rs 32 Cr
Net profit (TTM)Rs 318 Cr
Net profit (latest year)Rs 339 Cr
Net profit (latest quarter)Rs 79 Cr
Depreciation (TTM)Rs 437 Cr
Depreciation (latest quarter)Rs 128 Cr
Interest (TTM)Rs 635 Cr
Cost of goods sold (latest year)Rs 271 Cr
Total expenditure (latest year)Rs 309 Cr
Total income (latest year)Rs 1,579 Cr
Share capitalRs 8,873 Cr
ReservesRs -698 Cr
Shareholders' fundsRs 8,174 Cr
Total assetsRs 22,981 Cr
Net blockRs 18,888 Cr
InvestmentsRs 591 Cr
Other liabilitiesRs 5,446 Cr
Shares outstanding (crore)128.16
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 25.7 is at the 47th percentile of its own 8.4-year range
(median 26.9, low 18.1, high 43.8).
P/B 1.00 is at the 6th percentile (median 1.71).
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.
| Period | IRBINVIT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.7% | -2.8% | +1.1 pts |
| 1 month | +0.3% | -6.8% | +7.1 pts |
| 3 months | +5.5% | -7.6% | +13.2 pts |
| 3 years | -9.6% | +14.2% | -23.7 pts |
| 5 years | +9.6% | +27.9% | -18.3 pts |
Red flags
F-score 3 of 8| explain | Share dilution Share count up 121% in a year, 121% in three |
| explain | Debt up, profit down Borrowings up 193% while net profit fell in 2026 |
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 2026Sales ₹492 Cr +69.1% vs Jun 2025.
Net profit ₹79 Cr -21.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| National Highways Infra Trust | 32,684 | 40.9 | 4.42 % |
| Cube Highways Trust | 20,778 | 75.0 | 6.44 % |
| Vertis Infrastructure Trust | 17,622 | 20.2 | 11.0 % |
| Maple Infrastructure Trust | 9,981 | 5.36 % | |
| Indus Infra Trust | 8,004 | 20.4 | 6.77 % |
| RaajMarg Infra Investment Trust | 7,223 | % | |
| Citius Transnet Investment Trust | 7,189 | % | |
| Roadstar Infra Investment Trust | 2,824 | 2.18 % | |
| Anantam Highways Trust | 2,268 | 8.84 | 13.7 % |
| BF Utilities Ltd | 1,917 | 3.88 % | |
| Innovision Ltd | 603 | 35.0 | 20.3 % |
| Highway Infrastructure Ltd | 312 | 12.0 | 18.8 % |
| Noida Toll Bridge Company Ltd | 69 | 2.43 | 162 % |
| Gayatri Highways Ltd | 44 | 11.0 % | |
| MEP Infrastructure Developers Ltd | 13 | -401 % |
| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-09-30 | Neo Treasury Plus Fund | SELL | 19,047,618 | 63.18 |
| 2026-09-30 | Ltm Limited | BUY | 15,823,923 | 63.23 |
| 2026-09-30 | L And T Employees Welfare Foundation Private Limited | BUY | 15,887,214 | 63.36 |
| 2026-09-30 | L & T Welfare Company Limited | BUY | 15,887,214 | 63.36 |
| 2026-09-30 | L & T Technology Services Limited | BUY | 7,957,204 | 63.18 |
| 2026-09-30 | Arvesta Financial Services Private Limited | SELL | 36,507,937 | 63.36 |
| 2026-09-30 | Neo Treasury Plus Fund | SELL | 19,047,618 | 63.18 |
| 2026-09-30 | Ltm Limited | BUY | 15,823,923 | 63.23 |
| 2026-09-30 | L And T Employees Welfare Foundation Private Limited | BUY | 15,887,214 | 63.36 |
| 2026-09-30 | L & T Welfare Company Limited | BUY | 15,887,214 | 63.36 |
| 2026-09-30 | L & T Technology Services Limited | BUY | 7,957,204 | 63.18 |
| 2026-09-30 | Arvesta Financial Services Private Limited | SELL | 36,507,937 | 63.36 |
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-28 | Distribution - Rs 1.625 Per Unit Consists Of Rs 1 Per Unit As Interest & Re 0.625 Per Unit As Return Of Capital | |
| 2026-05-20 | Distribution Rs 1.60 Consists Of Rs 1.44 Per Unit As Interest/ Re 0.12 Per Unit As Return Of Capital/ Re 0.04 Per Unit As Exempt Dividend | |
| 2026-02-16 | Distribution - Rs 1.50 Consists Of Re 0.95 Per Unit As Interest/ Re 0.44 Per Unit As Return Of Capital/ Re 0.11 Per Unit As Dividend | |
| 2025-11-18 | Distribution - Rs 1.50 Per Unit Consist Of Re 0.90 Per Unit As Interest & Re 0.48 Per Unit As Return Of Capital & Re 0.12 Per Unit As Dividend | |
| 2025-07-24 | Distribution - Rs 2 Per Unit Consisting Of Interest - Re 1.57 Per Unit / Return Of Capital - Re 0.15 Per Unit/Dividend - Re 0.28 Per Unit | |
| 2025-05-13 | Distribution - Rs 2 Per Unit Consisting Of Re 1.69 Per Unit As Interest / Re 0.05 Per Unit As Return Of Capital / Re 0.26 As Dividend | |
| 2025-01-30 | Distribution - Rs 2 Per Unit Consisting Of Interest Rs 0.74 Per Unit/ Return Of Capital Re 1.02 /Dividend Re 0.24 Per Unit | |
| 2024-10-31 | Distribution - Rs 2 Per Unit Consisting Of Interest Rs 1.20 Per Unit/ Return Of Capital Re 0.57 /Exempt Dividend Re 0.23 Per Unit | |
| 2024-07-31 | Distribution - Rs 2 Per Unit Consisting Of Interest Rs 1.35 Per Unit/ Return Of Capital Re 0.36 /Exempt Dividend Re 0.29 Per Unit | |
| 2024-05-07 | Distribution - Rs 2 Per Unit Consisting Of Interest Rs 1.70 Per Unit/ Exempt Dividend Re 0.30 Per Unit | |
| 2024-02-05 | Distribution - Rs 2 Per Unit Consisting Of Interest Rs 1.70 Per Unit/ Exempt Dividend Re 0.30 Per Unit | |
| 2023-11-01 | Distribution - Rs 2 Per Unit Consists Of Rs 1.70 Per Unit As Interest/ Rs 0.30 Per Unit As Return Of Capital | |
| 2023-08-10 | Distribution - Rs 2 Per Unit Consists Of Rs 1.70 Per Unit As Interest/ Rs 0.30 Per Unit As Return Of Capital | |
| 2023-05-12 | Interest Amount - Rs 1.70 Per Unit/ Return On Capital - Re 0.30 Per Unit | |
| 2023-02-10 | Interest Amount - Rs 1.75 Per Unit/ Return On Capital - Re 0.25 Per Unit | |
| 2022-10-20 | Interest Amount - Rs 1.25 Per Unit/ Return On Capital - Rs 0.80 Per Unit | |
| 2022-08-03 | Interest Amount - Rs 1.20 Per Unit/ Return On Capital - Rs 0.80 Per Unit | |
| 2022-05-11 | Interest Amount - Rs 1.20 Per Unit/ Return On Capital - Rs 1.40 Per Unit | |
| 2022-02-10 | Interest Amount - Rs 1.20 Per Unit/ Return On Capital - Rs 1.20 Per Unit | |
| 2021-10-26 | Return On Capital - Re 1 Per Unit/ Interest Amount - Rs 1.20 Per Unit | |
| 2021-08-11 | Interest Amount - Rs 1.20 Per Unit / Return On Capital Rs - 0.60 Per Unit | |
| 2021-05-19 | Fourth Distribution - Interest Payment Rs 1.70 Per Unit/ Return Of Capital Re 0.80 Per Unit | |
| 2021-01-20 | Distribution - Rs 2.50 Per Unit | |
| 2020-11-03 | Distribution - Rs 2 Per Unit | |
| 2020-08-24 | Distribution - Rs 1.50 Per Unit | |
| 2020-06-10 | Distribution - Rs 1.80 Per Unit | |
| 2020-02-12 | Third Distribution - Interest Payment Rs 2 Per Unit/ Return Of Capital Re 0.70 Per Unit | |
| 2019-10-29 | Second Distribution - Interest Payment Rs 2 Per Unit/ Return Of Capital Re 0.50 Per Unit | |
| 2019-08-02 | First Distribution - Interest Payment Rs 2 Per Unit/ Return Of Capital Re 1per Unit | |
| 2019-07-25 | Annual General Meeting | |
| 2019-05-09 | Fourth Distribution - Interest Payment Rs 2.20 Per Unit/ Return Of Capital Re 0.90 Per Unit | |
| 2019-01-28 | First Distribution - Interest Payment Rs 2.20 Per Unit/ Return Of Capital Re 0.90 Per Unit | |
| 2018-10-30 | Distribution | |
| 2018-08-03 | First Distribution - Interest Payment Rs 2.25 Per Unit/ Return Of Capital Re 0.80 Per Unit (Purpose Revised) | |
| 2018-07-23 | Annual General Meeting | |
| 2018-05-08 | Fourth Distribution -Interest Payment - Rs 2.20 Per Unit/ Return Of Capital -Re 0.80 Per Unit (Purpose Revised) | |
| 2018-02-01 | Third Distribution -Interest Payment - Rs 2.20 Per Unit/ Return Of Capital -Re 0.80 Per Unit | |
| 2017-11-07 | Second Distribution -Interest Payment - Rs 2.20 Per Unit/ Return Of Capital -Re 0.80 Per Unit | |
| 2017-08-03 | First Distribution -Interest Payment - Rs 1.05 Per Unit/ Return Of Capital -Re 0.50 Per Unit |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
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 InvIT Fund?
IRB InvIT Fund (IRBINVIT) has a market capitalisation of Rs 5,079 Cr. at the 2026-10-01 close.
What is the P/E ratio of IRB InvIT Fund?
IRB InvIT Fund trades at a P/E of 15.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were IRB InvIT Fund's latest quarterly results?
In the Jun 2026 quarter, IRB InvIT Fund sales was Rs 492 Cr (+69.1% vs Jun 2025) and net profit was Rs 79 Cr.
What is the 52-week high and low of IRB InvIT Fund?
The 52-week high is Rs 65.25 and the 52-week low is Rs 57.05.