IRB Infrastructure Developers
Market Cap
₹28.6b
Last Updated
2019/08/23 12:58 UTC
Data Sources
Company Financials +
Executive Summary
IRB Infrastructure Developers Limited engages in the construction, development, and operation and maintenance of roads and highways on build-operate-transfer (BOT) basis in India.
Snowflake
Fundamentals
Established dividend payer and good value.
Risks
- IRB Infrastructure Developers has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has IRB Infrastructure Developers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-13.3%
NSEI:IRB
-4.2%
IN Construction
-2.3%
IN Market
1 Year Return
-58.8%
NSEI:IRB
-14.5%
IN Construction
-14.6%
IN Market
IRB underperformed the Construction industry which returned -15.6% over the past year.
IRB underperformed the Market in India which returned -15.9% over the past year.
Share holder returns
| IRB | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.3% | -4.2% | -2.3% |
| 30 Day | -13.7% | -8.2% | -4.0% |
| 90 Day | -42.2% | -18.3% | -10.1% |
| 1 Year | -58.8%-58.8% | -13.5%-14.5% | -12.9%-14.6% |
| 3 Year | -64.4%-66.3% | 17.3%13.6% | 17.9%11.8% |
| 5 Year | -66.2%-68.8% | 29.0%21.3% | 35.9%23.2% |
Price Volatility Vs. Market
How volatile is IRB Infrastructure Developers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall St
IRB Infrastructure Developers Limited (NSE:IRB): The Return Story10 months ago | Simply Wall St
Should You Investigate IRB Infrastructure Developers Limited (NSE:IRB) At ₹131?11 months ago | Simply Wall St
Are You An Income Investor? Don't Miss Out On IRB Infrastructure Developers Limited (NSE:IRB)Valuation
Is IRB Infrastructure Developers undervalued based on future cash flows and its price relative to the stock market?
3.42x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
IRB Infrastructure Developers's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
IRB Infrastructure Developers's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
IRB Infrastructure Developers is good value based on earnings compared to the IN Construction industry average.
IRB Infrastructure Developers is good value based on earnings compared to the India market.
Price Based on Expected Growth
IRB Infrastructure Developers is good value based on expected growth next year.
Price Based on Value of Assets
IRB Infrastructure Developers is good value based on assets compared to the IN Construction industry average.
Next Steps
Future Growth
How is IRB Infrastructure Developers expected to perform in the next 1 to 3 years based on estimates from 9 analysts?
7.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
IRB Infrastructure Developers's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
IRB Infrastructure Developers's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
IRB Infrastructure Developers's revenue growth is positive but not above the India market average.
IRB Infrastructure Developers's earnings growth is positive but not above the India market average.
IRB Infrastructure Developers's earnings growth is positive but not above the low risk savings rate of 7.6%.
Earnings per Share Growth Estimates
Future Return on Equity
IRB Infrastructure Developers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has IRB Infrastructure Developers performed over the past 5 years?
14.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
IRB Infrastructure Developers's year on year earnings growth rate has been positive over the past 5 years.
IRB Infrastructure Developers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
IRB Infrastructure Developers's 1-year earnings growth is negative, it can't be compared to the IN Construction industry average.
Return on Equity
IRB Infrastructure Developers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
IRB Infrastructure Developers used its assets less efficiently than the IN Construction industry average last year based on Return on Assets.
Return on Capital Employed
IRB Infrastructure Developers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is IRB Infrastructure Developers's financial position?
Financial Position Analysis
IRB Infrastructure Developers's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
IRB Infrastructure Developers's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
IRB Infrastructure Developers's level of debt (248.9%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (315.2% vs 248.9% today).
Debt is not well covered by operating cash flow (13.6%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.2x debt.
Next Steps
Dividend
What is IRB Infrastructure Developers's current dividend yield, its reliability and sustainability?
6.44%
Expected Dividend Yield
Dividend Yield and Payments Analysis
IRB Infrastructure Developers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.65%).
IRB Infrastructure Developers's dividend is above the markets top 25% of dividend payers in India (2.67%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
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Management
What is the CEO of IRB Infrastructure Developers's salary, the management and board of directors tenure and is there insider trading?
4.3yrs
Average management tenure
CEO
Virendra Mhaiskar (48yo)
12.7yrs
Tenure
₹185,040,000
Compensation
Mr. Virendra D. 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 in BOT ...
CEO Compensation Analysis
Virendra's remuneration is higher than average for companies of similar size in India.
Virendra's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
Management Age and Tenure
4.3yrs
Average Tenure
53yo
Average Age
The tenure for the IRB Infrastructure Developers management team is about average.
Board Age and Tenure
6.0yrs
Average Tenure
59yo
Average Age
The tenure for the IRB Infrastructure Developers board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Joint MD & Whole Time Director |
| Shares | 5,000 |
| Max Price | ₹127.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint MD & Whole Time Director |
| Shares | 5,000 |
| Max Price | ₹124.40 |
Ownership Breakdown
Management Team
Naresh Taneja (65yo)
Group President of Human Resources & Administration
- Tenure: 0.0yrs
Mehul Patel
President of Corporate Affairs
- Tenure: 0.0yrs
- Compensation: ₹5.44m
Virendra Mhaiskar (48yo)
Chairman & MD
- Tenure: 12.7yrs
- Compensation: ₹185.04m
Deepali Mhaiskar
Whole Time Director
- Tenure: 3.3yrs
- Compensation: ₹167.93m
Ajay Deshmukh (51yo)
Chief Executive Officer of Infrastructure
- Tenure: 0.0yrs
- Compensation: ₹98.87m
Dhananjay Joshi (45yo)
Chief Executive Officer of Corporate Affairs
- Tenure: 0.0yrs
- Compensation: ₹37.47m
Anil Yadav
Group Chief Finance Officer
- Tenure: 0.0yrs
- Compensation: ₹52.84m
Mukeshlal Gupta (62yo)
Joint MD & Whole Time Director
- Tenure: 7.5yrs
Sudhir Hoshing (55yo)
Joint MD & Director
- Tenure: 4.3yrs
- Compensation: ₹45.51m
N. M. Nair
Director of Operations
- Tenure: 0.0yrs
Board Members
Sunil Talati (67yo)
Independent Non-Executive Director
- Tenure: 8.7yrs
- Compensation: ₹280.00k
Virendra Mhaiskar (48yo)
Chairman & MD
- Tenure: 12.7yrs
- Compensation: ₹185.04m
Deepali Mhaiskar
Whole Time Director
- Tenure: 3.3yrs
- Compensation: ₹167.93m
Chandrashekhar Kaptan (67yo)
Independent Non-Executive Director
- Tenure: 12.0yrs
- Compensation: ₹620.00k
Rajkamal Bajaj
Advisor to the Board
- Tenure: 0.0yrs
Mukeshlal Gupta (62yo)
Joint MD & Whole Time Director
- Tenure: 7.5yrs
Sandeep Shah (59yo)
Independent Non-Executive Director
- Tenure: 4.5yrs
- Compensation: ₹490.00k
Sudhir Hoshing (55yo)
Joint MD & Director
- Tenure: 4.3yrs
- Compensation: ₹45.51m
Heena Raja (39yo)
Independent Director
- Tenure: 0.4yrs
Company Information
IRB Infrastructure Developers Limited's company bio, 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
- Market Cap: ₹28.608b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532947 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Feb 2008 |
| IRB | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Feb 2008 |
Biography
IRB Infrastructure Developers Limited engages in the construction, development, and operation and maintenance of roads and highways on build-operate-transfer (BOT) basis in India. The company operates in t ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/23 12:58 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.