NSEI:IRB

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IRB Infrastructure Developers

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. More Details


Snowflake Analysis

Undervalued established dividend payer.


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

Stable Share Price: IRB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

IRB

-1.2%

IN Construction

-1.3%

IN Market


1 Year Return

44.4%

IRB

-32.1%

IN Construction

-2.5%

IN Market

Return vs Industry: IRB exceeded the Indian Construction industry which returned -32.1% over the past year.

Return vs Market: IRB exceeded the Indian Market which returned -2.5% over the past year.


Shareholder returns

IRBIndustryMarket
7 Day-2.1%-1.2%-1.3%
30 Day0.6%1.4%1.6%
90 Day-5.9%3.6%6.0%
1 Year50.7%44.4%-30.8%-32.1%-0.7%-2.5%
3 Year-50.2%-53.4%-33.0%-35.8%-4.5%-9.2%
5 Year-46.9%-52.3%-2.4%-8.5%39.6%29.1%

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

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 (₹113.75) is trading below our estimate of fair value (₹319.81)

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


Price To Earnings Ratio

PE vs Industry: IRB is good value based on its PE Ratio (8.3x) compared to the IN Construction industry average (11.7x).

PE vs Market: IRB is good value based on its PE Ratio (8.3x) compared to the Indian market (16x).


Price to Earnings Growth Ratio

PEG Ratio: IRB is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: IRB's PB Ratio (0.6x) is in line with the IN Construction industry average.


Next Steps

Future Growth

How is IRB Infrastructure Developers forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

36.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IRB's forecast earnings growth (36.9% per year) is above the savings rate (7.2%).

Earnings vs Market: IRB's earnings (36.9% per year) are forecast to grow faster than the Indian market (25.6% per year).

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

Revenue vs Market: IRB's revenue (12.3% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: IRB's revenue (12.3% 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 (6.9%).


Next Steps

Past Performance

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

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRB has high quality earnings.

Growing Profit Margin: IRB's current net profit margins (7.9%) are lower than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: IRB's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: IRB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IRB had negative earnings growth (-40%) over the past year, making it difficult to compare to the Construction industry average (-14.8%).


Return on Equity

High ROE: IRB's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is IRB Infrastructure Developers's financial position?


Financial Position Analysis

Short Term Liabilities: IRB's short term assets (₹45.2B) do not cover its short term liabilities (₹128.1B).

Long Term Liabilities: IRB's short term assets (₹45.2B) do not cover its long term liabilities (₹204.0B).


Debt to Equity History and Analysis

Debt Level: IRB's debt to equity ratio (137.5%) is considered high.

Reducing Debt: IRB's debt to equity ratio has reduced from 294.6% to 137.5% over the past 5 years.

Debt Coverage: IRB's debt is well covered by operating cash flow (40.4%).

Interest Coverage: IRB's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IRB's dividend (4.4%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: IRB's dividend (4.4%) is in the top 25% of dividend payers in the Indian market (2.35%)


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 reasonably low payout ratio (36.3%), IRB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IRB's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Virendra Mhaiskar (49 yo)

13.83yrs

Tenure

₹165,320,000

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

Compensation vs Market: Virendra's total compensation ($USD2.22M) is above average for companies of similar size in the Indian market ($USD374.52K).

Compensation vs Earnings: Virendra's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Virendra Mhaiskar
Chairman & MD13.83yrs₹165.32m1.36%
₹ 554.2m
Mukeshlal Gupta
Joint MD & Whole Time Director8.58yrsno data0.00014%
₹ 56.9k
Sudhir Hoshing
Joint MD & Director5.42yrs₹39.82mno data
Mehulkumar Patel
President of Corporate Affairsno data₹9.57mno data
Deepali Mhaiskar
Whole Time Director4.42yrs₹81.85m0.23%
₹ 93.4m
Ajay Deshmukh
Chief Executive Officer of Infrastructureno data₹69.22m0.0035%
₹ 1.4m
Anil Yadav
Group Chief Financial Officer0.25yr₹17.60m0%
₹ 0
Rushabh Gandhi
Chief Financial Officer0.25yrno datano data
N. M. Nair
Director of Operationsno datano datano data
Naresh Taneja
Group President of Human Resources & Administrationno datano datano data
Vivek Devasthali
Head of Corporate Communicationsno datano datano data
Madhav Kale
Head of Corporate Strategy & Planningno data₹2.75mno data

3.4yrs

Average Tenure

56yo

Average Age

Experienced Management: IRB's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Virendra Mhaiskar
Chairman & MD13.83yrs₹165.32m1.36%
₹ 554.2m
Mukeshlal Gupta
Joint MD & Whole Time Director8.58yrsno data0.00014%
₹ 56.9k
Sudhir Hoshing
Joint MD & Director5.42yrs₹39.82mno data
Deepali Mhaiskar
Whole Time Director4.42yrs₹81.85m0.23%
₹ 93.4m
Sunil Talati
Independent Non-Executive Director9.83yrs₹350.00kno data
Chandrashekhar Kaptan
Independent Non-Executive Director13.17yrs₹730.00kno data
Rajkamal Bajaj
Advisor to the Boardno datano datano data
Sandeep Shah
Independent Non-Executive Director5.58yrs₹450.00k0.000060%
₹ 24.4k
Heena Raja
Independent Director1.58yrs₹200.00kno data

7.1yrs

Average Tenure

60yo

Average Age

Experienced Board: IRB's board of directors are considered experienced (7.1 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 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: ₹40.645b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532947BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2008
IRBNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:36
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.