IRB Infrastructure Developers Limited

NSEI:IRB Stock Report

Market Cap: ₹257.1b

IRB Infrastructure Developers Management

Management criteria checks 2/4

IRB Infrastructure Developers' CEO is Virendra Mhaiskar, appointed in Dec 2006, has a tenure of 19.25 years. directly owns 0.84% of the company’s shares, worth ₹2.11B. The average tenure of the management team and the board of directors is 2.2 years and 1.9 years respectively.

Key information

Virendra Mhaiskar

Chief executive officer

₹170.2m

Total compensation

CEO salary percentagen/a
CEO tenure19.3yrs
CEO ownership0.8%
Management average tenure2.2yrs
Board average tenure1.9yrs

Recent management updates

Recent updates

Is IRB Infrastructure Developers (NSE:IRB) Using Too Much Debt?

Feb 08
Is IRB Infrastructure Developers (NSE:IRB) Using Too Much Debt?

Is IRB Infrastructure Developers Limited (NSE:IRB) Trading At A 27% Discount?

Jan 25
Is IRB Infrastructure Developers Limited (NSE:IRB) Trading At A 27% Discount?

Getting In Cheap On IRB Infrastructure Developers Limited (NSE:IRB) Is Unlikely

Jan 11
Getting In Cheap On IRB Infrastructure Developers Limited (NSE:IRB) Is Unlikely

Be Wary Of IRB Infrastructure Developers (NSE:IRB) And Its Returns On Capital

Dec 24
Be Wary Of IRB Infrastructure Developers (NSE:IRB) And Its Returns On Capital

IRB Infrastructure Developers' (NSE:IRB) Profits Appear To Have Quality Issues

Nov 26
IRB Infrastructure Developers' (NSE:IRB) Profits Appear To Have Quality Issues

IRB Infrastructure Developers (NSE:IRB) Will Pay A Dividend Of ₹0.07

Nov 15
IRB Infrastructure Developers (NSE:IRB) Will Pay A Dividend Of ₹0.07

Does IRB Infrastructure Developers (NSE:IRB) Deserve A Spot On Your Watchlist?

Oct 28
Does IRB Infrastructure Developers (NSE:IRB) Deserve A Spot On Your Watchlist?

Be Wary Of IRB Infrastructure Developers (NSE:IRB) And Its Returns On Capital

Sep 22
Be Wary Of IRB Infrastructure Developers (NSE:IRB) And Its Returns On Capital

Estimating The Fair Value Of IRB Infrastructure Developers Limited (NSE:IRB)

Sep 09
Estimating The Fair Value Of IRB Infrastructure Developers Limited (NSE:IRB)

IRB Infrastructure Developers (NSE:IRB) Has Announced That Its Dividend Will Be Reduced To ₹0.07

Aug 23
IRB Infrastructure Developers (NSE:IRB) Has Announced That Its Dividend Will Be Reduced To ₹0.07

IRB Infrastructure Developers Limited's (NSE:IRB) Business Is Yet to Catch Up With Its Share Price

Jul 12
IRB Infrastructure Developers Limited's (NSE:IRB) Business Is Yet to Catch Up With Its Share Price

We Think IRB Infrastructure Developers (NSE:IRB) Is Taking Some Risk With Its Debt

Jun 27
We Think IRB Infrastructure Developers (NSE:IRB) Is Taking Some Risk With Its Debt

IRB Infrastructure Developers (NSE:IRB) Could Be Struggling To Allocate Capital

Jun 11
IRB Infrastructure Developers (NSE:IRB) Could Be Struggling To Allocate Capital

Solid Earnings May Not Tell The Whole Story For IRB Infrastructure Developers (NSE:IRB)

May 27
Solid Earnings May Not Tell The Whole Story For IRB Infrastructure Developers (NSE:IRB)

We Ran A Stock Scan For Earnings Growth And IRB Infrastructure Developers (NSE:IRB) Passed With Ease

May 13
We Ran A Stock Scan For Earnings Growth And IRB Infrastructure Developers (NSE:IRB) Passed With Ease

Some Confidence Is Lacking In IRB Infrastructure Developers Limited's (NSE:IRB) P/S

Apr 04
Some Confidence Is Lacking In IRB Infrastructure Developers Limited's (NSE:IRB) P/S

Here's Why IRB Infrastructure Developers (NSE:IRB) Has A Meaningful Debt Burden

Mar 20
Here's Why IRB Infrastructure Developers (NSE:IRB) Has A Meaningful Debt Burden

IRB Infrastructure Developers Limited's (NSE:IRB) Intrinsic Value Is Potentially 77% Above Its Share Price

Mar 04
IRB Infrastructure Developers Limited's (NSE:IRB) Intrinsic Value Is Potentially 77% Above Its Share Price

IRB Infrastructure Developers' (NSE:IRB) Dividend Will Be ₹0.10

Feb 04
IRB Infrastructure Developers' (NSE:IRB) Dividend Will Be ₹0.10

Is Now The Time To Put IRB Infrastructure Developers (NSE:IRB) On Your Watchlist?

Jan 28
Is Now The Time To Put IRB Infrastructure Developers (NSE:IRB) On Your Watchlist?

Returns On Capital At IRB Infrastructure Developers (NSE:IRB) Have Hit The Brakes

Jan 15
Returns On Capital At IRB Infrastructure Developers (NSE:IRB) Have Hit The Brakes

Should You Investigate IRB Infrastructure Developers Limited (NSE:IRB) At ₹57.24?

Jan 01
Should You Investigate IRB Infrastructure Developers Limited (NSE:IRB) At ₹57.24?
User avatar

Asset Monetization And Highway Expansion Strategy Will Triple Portfolio And Boost Earnings

Strengthened liquidity and cash flow generation could boost business stability and future revenue growth through strategic asset monetization and projects.

IRB Infrastructure Developers (NSE:IRB) Has A Somewhat Strained Balance Sheet

Dec 17
IRB Infrastructure Developers (NSE:IRB) Has A Somewhat Strained Balance Sheet

The Price Is Right For IRB Infrastructure Developers Limited (NSE:IRB)

Nov 18
The Price Is Right For IRB Infrastructure Developers Limited (NSE:IRB)

IRB Infrastructure Developers Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 04
IRB Infrastructure Developers Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

IRB Infrastructure Developers (NSE:IRB) Is Due To Pay A Dividend Of ₹0.10

Nov 02
IRB Infrastructure Developers (NSE:IRB) Is Due To Pay A Dividend Of ₹0.10

Is IRB Infrastructure Developers Limited (NSE:IRB) Trading At A 36% Discount?

Oct 15
Is IRB Infrastructure Developers Limited (NSE:IRB) Trading At A 36% Discount?

We Ran A Stock Scan For Earnings Growth And IRB Infrastructure Developers (NSE:IRB) Passed With Ease

Sep 05
We Ran A Stock Scan For Earnings Growth And IRB Infrastructure Developers (NSE:IRB) Passed With Ease

Results: IRB Infrastructure Developers Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Aug 13
Results: IRB Infrastructure Developers Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Should You Investigate IRB Infrastructure Developers Limited (NSE:IRB) At ₹66.77?

Jul 30
Should You Investigate IRB Infrastructure Developers Limited (NSE:IRB) At ₹66.77?

Is IRB Infrastructure Developers (NSE:IRB) Using Too Much Debt?

Jun 26
Is IRB Infrastructure Developers (NSE:IRB) Using Too Much Debt?

Return Trends At IRB Infrastructure Developers (NSE:IRB) Aren't Appealing

Jun 08
Return Trends At IRB Infrastructure Developers (NSE:IRB) Aren't Appealing

IRB Infrastructure Developers' (NSE:IRB) Soft Earnings Are Actually Better Than They Appear

May 21
IRB Infrastructure Developers' (NSE:IRB) Soft Earnings Are Actually Better Than They Appear

After Leaping 34% IRB Infrastructure Developers Limited (NSE:IRB) Shares Are Not Flying Under The Radar

Apr 13
After Leaping 34% IRB Infrastructure Developers Limited (NSE:IRB) Shares Are Not Flying Under The Radar

IRB Infrastructure Developers Limited (NSE:IRB) Shares Could Be 29% Above Their Intrinsic Value Estimate

Mar 18
IRB Infrastructure Developers Limited (NSE:IRB) Shares Could Be 29% Above Their Intrinsic Value Estimate

After Leaping 58% IRB Infrastructure Developers Limited (NSE:IRB) Shares Are Not Flying Under The Radar

Feb 01
After Leaping 58% IRB Infrastructure Developers Limited (NSE:IRB) Shares Are Not Flying Under The Radar

CEO Compensation Analysis

How has Virendra Mhaiskar's remuneration changed compared to IRB Infrastructure Developers's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

₹8b

Sep 30 2025n/an/a

₹66b

Jun 30 2025n/an/a

₹65b

Mar 31 2025₹170mn/a

₹65b

Dec 31 2024n/an/a

₹65b

Sep 30 2024n/an/a

₹6b

Jun 30 2024n/an/a

₹6b

Mar 31 2024₹206mn/a

₹6b

Dec 31 2023n/an/a

₹5b

Sep 30 2023n/an/a

₹5b

Jun 30 2023n/an/a

₹5b

Mar 31 2023₹167mn/a

₹7b

Dec 31 2022n/an/a

₹8b

Sep 30 2022n/an/a

₹7b

Jun 30 2022n/an/a

₹7b

Mar 31 2022₹82mn/a

₹4b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

₹2b

Mar 31 2021₹70mn/a

₹1b

Dec 31 2020n/an/a

₹2b

Sep 30 2020n/an/a

₹3b

Jun 30 2020n/an/a

₹5b

Mar 31 2020₹165m₹165m

₹7b

Dec 31 2019n/an/a

₹8b

Sep 30 2019n/an/a

₹8b

Jun 30 2019n/an/a

₹8b

Mar 31 2019₹75m₹75m

₹8b

Compensation vs Market: Virendra's total compensation ($USD1.84M) is above average for companies of similar size in the Indian market ($USD740.50K).

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

CEO

Virendra Mhaiskar (54 yo)

19.3yrs
Tenure
₹170,200,000
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...

Leadership Team

NamePositionTenureCompensationOwnership
Virendra Mhaiskar
Chairman & MD19.3yrs₹170.20m0.84%
₹ 2.2b
Tushar Kawedia
Chief Financial Officer5yrs₹47.95mno data
Mehulkumar Patel
President of Corporate Affairs & Group Company Secretary18.8yrs₹23.01mno data
Deepali Mhaiskar
Whole Time Directorno data₹152.50m0.019%
₹ 48.7m
Satinder Rana
Chief Executive Officer of Corporate2.2yrs₹14.45mno data
M. Nityanandan
Director of Operationsno datano datano data
Anil Yadav
Chief Executive Officer of Business Development & Investmentless than a yearno datano data
Anil Yadav
Director of Investments & Investor Relations5yrs₹38.18mno data
Abhishek Singh
Head of Business Development & Techno Legal1.2yrsno datano data
Vivek Devasthali
Head of Corporate Communicationsno datano datano data
Umesh Wagh
Group Chief Human Resources Officerless than a yearno datano data
Ajay Deshmukh
CEO of New Businesses1.2yrs₹21.44mno data
2.2yrs
Average Tenure
53yo
Average Age

Experienced Management: IRB's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Virendra Mhaiskar
Chairman & MD27.7yrs₹170.20m0.84%
₹ 2.2b
Deepali Mhaiskar
Whole Time Director27.7yrs₹152.50m0.019%
₹ 48.7m
Ravindra Dhariwal
Non-Executive Director3.6yrs₹900.00kno data
Rajkamal Bajaj
Advisor to the Board1.2yrsno datano data
Priti Savla
Independent Director4.1yrs₹1.60mno data
Bajrang Gupta
Additional Independent Director1.9yrs₹1.60mno data
Ajay Singh
Independent Director1.1yrsno datano data
Vijay Bhatt
Additional Independent Director1.9yrs₹1.60mno data
Luis Aguirre de Cabezas
Non-retiring Non-Executive Director1.3yrs₹280.00kno data
1.9yrs
Average Tenure
54yo
Average Age

Experienced Board: IRB's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/13 11:53
End of Day Share Price 2026/03/13 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IRB Infrastructure Developers Limited is covered by 43 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Bhavin ModiAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.