company background image
IRB

IRB Infrastructure DevelopersNSEI:IRB Stock Report

Last Price

₹243.75

Market Cap

₹85.7b

7D

-1.4%

1Y

113.6%

Updated

17 Jan, 2022

Data

Company Financials +
IRB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends5/6

IRB Stock Overview

IRB Infrastructure Developers Limited engages in the construction, development, operation, and maintenance of roads and highways on build-operate-transfer (BOT) basis in India.

IRB Infrastructure Developers Competitors

G R Infraprojects

BSE:543317

₹187.9b

KNR Constructions

BSE:532942

₹88.4b

PNC Infratech

BSE:539150

₹78.8b

Dilip Buildcon

BSE:540047

₹55.1b

Price History & Performance

Summary of all time highs, changes and price drops for IRB Infrastructure Developers
Historical stock prices
Current Share Price₹243.75
52 Week High₹345.85
52 Week Low₹100.60
Beta1.03
1 Month Change19.52%
3 Month Change19.34%
1 Year Change113.63%
3 Year Change64.20%
5 Year Change14.76%
Change since IPO28.53%

Recent News & Updates

Nov 16
Why IRB Infrastructure Developers Limited (NSE:IRB) Could Be Worth Watching

Why IRB Infrastructure Developers Limited (NSE:IRB) Could Be Worth Watching

IRB Infrastructure Developers Limited ( NSE:IRB ), is not the largest company out there, but it saw a significant share...

Shareholder Returns

IRBIN ConstructionIN Market
7D-1.4%4.6%1.8%
1Y113.6%52.4%38.6%

Return vs Industry: IRB exceeded the Indian Construction industry which returned 48.9% over the past year.

Return vs Market: IRB exceeded the Indian Market which returned 36.2% over the past year.

Price Volatility

Is IRB's price volatile compared to industry and market?
IRB volatility
IRB Average Weekly Movement10.4%
Construction Industry Average Movement6.9%
Market Average Movement6.7%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.1%

Stable Share Price: IRB is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: IRB's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
19983,666Virendra Mhaiskarhttps://www.irb.co.in

IRB Infrastructure Developers Limited engages in the construction, development, operation, and maintenance of roads and highways on build-operate-transfer (BOT) basis in India. It operates through two segments, BOT/ Toll Operate and Transfer Projects, and Construction. The company is also involved in real estate development; generation and sale of electricity through windmill; and hospitality and airport infrastructure activities.

IRB Infrastructure Developers Fundamentals Summary

How do IRB Infrastructure Developers's earnings and revenue compare to its market cap?
IRB fundamental statistics
Market Cap₹85.67b
Earnings (TTM)₹2.81b
Revenue (TTM)₹62.44b

30.5x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRB income statement (TTM)
Revenue₹62.44b
Cost of Revenue₹27.24b
Gross Profit₹35.20b
Expenses₹32.39b
Earnings₹2.81b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.00
Gross Margin56.38%
Net Profit Margin4.50%
Debt/Equity Ratio276.4%

How did IRB perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is IRB Infrastructure Developers undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IRB (₹243.75) is trading below our estimate of fair value (₹1399.1)

Significantly Below Fair Value: IRB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IRB is poor value based on its PE Ratio (30.5x) compared to the Indian Construction industry average (19.2x).

PE vs Market: IRB is poor value based on its PE Ratio (30.5x) compared to the Indian market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: IRB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: IRB's PB Ratio (1.2x) is in line with the IN Construction industry average.


Future Growth

How is IRB Infrastructure Developers forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

53.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IRB's forecast earnings growth (53.6% per year) is above the savings rate (6.7%).

Earnings vs Market: IRB's earnings (53.6% per year) are forecast to grow faster than the Indian market (20.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IRB's revenue (12.8% per year) is forecast to grow faster than the Indian market (12.7% per year).

High Growth Revenue: IRB's revenue (12.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IRB's Return on Equity is forecast to be low in 3 years time (6.6%).


Past Performance

How has IRB Infrastructure Developers performed over the past 5 years?

-18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRB has high quality earnings.

Growing Profit Margin: IRB's current net profit margins (4.5%) are lower than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: IRB's earnings have declined by 18.8% per year over the past 5 years.

Accelerating Growth: IRB's earnings growth over the past year (6.4%) exceeds its 5-year average (-18.8% per year).

Earnings vs Industry: IRB earnings growth over the past year (6.4%) underperformed the Construction industry 21.8%.


Return on Equity

High ROE: IRB's Return on Equity (4%) is considered low.


Financial Health

How is IRB Infrastructure Developers's financial position?


Financial Position Analysis

Short Term Liabilities: IRB's short term assets (₹60.2B) exceed its short term liabilities (₹58.1B).

Long Term Liabilities: IRB's short term assets (₹60.2B) do not cover its long term liabilities (₹290.1B).


Debt to Equity History and Analysis

Debt Level: IRB's net debt to equity ratio (240.1%) is considered high.

Reducing Debt: IRB's debt to equity ratio has reduced from 302.9% to 276.4% over the past 5 years.

Debt Coverage: IRB's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: IRB's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Dividend

What is IRB Infrastructure Developers's current dividend yield, its reliability and sustainability?

2.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IRB's dividend (2.05%) is higher than the bottom 25% of dividend payers in the Indian market (0.3%).

High Dividend: IRB's dividend (2.05%) is in the top 25% of dividend payers in the Indian market (1.34%)


Stability and Growth of Payments

Stable Dividend: IRB's dividend payments have been volatile in the past 10 years.

Growing Dividend: IRB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.6%), IRB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IRB's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Virendra Mhaiskar (50 yo)

15.08yrs

Tenure

₹69,620,000

Compensation

Mr. Virendra Dattatraya Mhaiskar has been the Chairman and Managing Director of IRB Infrastructure Developers Limited since December 2006. Mr. Mhaiskar is responsible for directing the IRB group's strategy...


CEO Compensation Analysis

Compensation vs Market: Virendra's total compensation ($USD939.48K) is above average for companies of similar size in the Indian market ($USD357.49K).

Compensation vs Earnings: Virendra's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IRB's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: IRB's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IRB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IRB Infrastructure Developers Limited's employee growth, exchange listings and data sources


Key Information

  • Name: IRB Infrastructure Developers Limited
  • Ticker: IRB
  • Exchange: NSEI
  • Founded: 1998
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: ₹85.666b
  • Shares outstanding: 351.45m
  • Website: https://www.irb.co.in

Number of Employees


Location

  • IRB Infrastructure Developers Limited
  • IRB Complex
  • 3rd Floor
  • Mumbai
  • Maharashtra
  • 400072
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:30
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.