IRB Infrastructure Developers
Market Cap
₹17.9b
Last Updated
2020/04/03 13:58 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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -26.9% per year for the next 3 years
Snowflake Analysis
Undervalued with questionable track record.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.8%
IRB
-10.9%
IN Construction
-3.9%
IN Market
1 Year Return
-64.2%
IRB
-49.3%
IN Construction
-32.2%
IN Market
Return vs Industry: IRB underperformed the Indian Construction industry which returned -46.8% over the past year.
Return vs Market: IRB underperformed the Indian Market which returned -30.7% over the past year.
Shareholder returns
| IRB | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.8% | -10.9% | -3.9% |
| 30 Day | -36.3% | -37.7% | -26.8% |
| 90 Day | -33.1% | -45.1% | -31.7% |
| 1 Year | -64.2%-64.2% | -48.1%-49.3% | -30.8%-32.2% |
| 3 Year | -77.3%-78.3% | -40.0%-42.6% | -19.5%-23.8% |
| 5 Year | -78.5%-80.2% | -36.3%-40.4% | -10.0%-14.9% |
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
2 weeks ago | Simply Wall St
How Do IRB Infrastructure Developers Limited’s (NSE:IRB) Returns Compare To Its Industry?1 month ago | Simply Wall St
IRB Infrastructure Developers Limited Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models1 month ago | Simply Wall St
The IRB Infrastructure Developers (NSE:IRB) Share Price Is Down 59% So Some Shareholders Are Wishing They SoldValuation
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 (₹51.6) is trading below our estimate of fair value (₹226.2)
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 (2.3x) compared to the Construction industry average (7.3x).
PE vs Market: IRB is good value based on its PE Ratio (2.3x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: IRB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IRB is good value based on its PB Ratio (0.3x) compared to the IN Construction industry average (0.4x).
Next Steps
Future Growth
How is IRB Infrastructure Developers forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-26.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRB's earnings are forecast to decline over the next 3 years (-26.9% per year).
Earnings vs Market: IRB's earnings are forecast to decline over the next 3 years (-26.9% per year).
High Growth Earnings: IRB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IRB's revenue (6.4% per year) is forecast to grow slower than the Indian market (8.8% per year).
High Growth Revenue: IRB's revenue (6.4% 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 (6.2%).
Next Steps
Past Performance
How has IRB Infrastructure Developers performed over the past 5 years?
10.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRB has high quality earnings.
Growing Profit Margin: IRB's current net profit margins (10.7%) are lower than last year (16.4%).
Past Earnings Growth Analysis
Earnings Trend: IRB's earnings have grown by 10.9% 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 (-23.2%) over the past year, making it difficult to compare to the Construction industry average (4.3%).
Return on Equity
High ROE: IRB's Return on Equity (11.6%) 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 (₹30.0B) do not cover its short term liabilities (₹88.3B).
Long Term Liabilities: IRB's short term assets (₹30.0B) do not cover its long term liabilities (₹286.5B).
Debt to Equity History and Analysis
Debt Level: IRB's debt to equity ratio (249.7%) is considered high.
Reducing Debt: IRB's debt to equity ratio has reduced from 292.7% to 249.7% over the past 5 years.
Debt Coverage: IRB's debt is not well covered by operating cash flow (19%).
Interest Coverage: IRB's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: IRB has a low level of unsold assets or inventory.
Debt Coverage by Assets: IRB's 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?
7.94%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IRB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IRB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IRB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IRB is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IRB's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Virendra Mhaiskar (48yo)
13.33s
Tenure
₹75,180,000
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 ($USD986.33K) is above average for companies of similar size in the Indian market ($USD330.62K).
Compensation vs Earnings: Virendra's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 13.33yrs | ₹75.18m | 0.49% ₹88.4m | |
| Joint MD & Whole Time Director | 8.17yrs | no data | 0.0030% ₹532.9k | |
| Joint MD & Director | 4.92yrs | ₹44.89m | no data | |
| Group Chief Finance Officer | no data | ₹16.98m | no data | |
| President of Corporate Affairs | no data | ₹6.94m | no data | |
| Whole Time Director | 3.92yrs | ₹55.44m | 0.23% ₹41.2m | |
| Chief Executive Officer of Infrastructure | no data | ₹70.23m | 0.0035% ₹624.4k | |
| Director of Operations | no data | no data | no data | |
| Head of Information Technology | 1.25yrs | no data | no data | |
| Group President of Human Resources & Administration | no data | no data | no data |
3.9yrs
Average Tenure
55yo
Average Age
Experienced Management: IRB's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 13.33yrs | ₹75.18m | 0.49% ₹88.4m | |
| Joint MD & Whole Time Director | 8.17yrs | no data | 0.0030% ₹532.9k | |
| Joint MD & Director | 4.92yrs | ₹44.89m | no data | |
| Whole Time Director | 3.92yrs | ₹55.44m | 0.23% ₹41.2m | |
| Independent Non-Executive Director | 9.33yrs | ₹280.00k | no data | |
| Independent Non-Executive Director | 12.67yrs | ₹620.00k | no data | |
| Advisor to the Board | no data | no data | no data | |
| Independent Non-Executive Director | 5.17yrs | ₹420.00k | 0.000060% ₹10.8k | |
| Independent Director | 1.08yrs | no data | no data |
6.7yrs
Average Tenure
59yo
Average Age
Experienced Board: IRB's board of directors are considered experienced (6.7 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.
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: ₹17.942b
- 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 two segments, BOT Projects and Construction. It is also involved in real estate development; generation and sale of electricity through windmill; and hospitality and airport infrastructure activities. The company has 31 projects with 12,800 lane kilometers of roads and highways. The company was incorporated in 1998 and is based in Mumbai, India. IRB Infrastructure Developers Limited is a subsidiary of Mhaiskar Ventures Private Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 13:58 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| 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.