IRB Infra.&Developer

₹62.6 -3 | 4.6%

WEBSITE BSE:532947 NSE : IRB INFRA 10 May, 16:01

Market Cap ₹37816 Cr.

Stock P/E 62.4

P/B 2.8

Current Price ₹62.6

Book Value ₹ 22.8

Face Value 1

52W High ₹73

Dividend Yield 0.48%

52W Low ₹ 25

Edit Ratio

IRB Infra.&Developer Research see more...

Patel Engenering

Overview Inc. Year: 1998Industry: Engineering - Construction

IRB Infrastructure Developers Ltd is an India- based infrastructure development organisation. The Company is engaged in building roadways and highways. The Company is concerned in engineering, procurement and construction (EPC), and operation and upkeep throughout all its businesses. The Company operates thru two segments: Operate and Transfer (BOT)/ Toll Operate and Transfer (TOT) and Construction. The BOT/ TOT section is engaged in the operation and maintenance of roadways. The Construction section is engaged in the improvement of roads. The Company manages and operates about 12,975 lane kilometers (km) throughout 23 property. Its 23 projects are held beneath 3 entities, its 100% owned seven tasks, which includes 1 TOT, 3BOT and 3HAM projects; personal infrastructure funding trust owns nine BOT initiatives, of which the Company owns 51% stake; and public infrastructure investment accept as true with owns seven BOT projects, of which the Company owns 16% stake.

IRB Infra.&Developer Share Price

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Peer Comparison

IRB Infra.&Developer Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1279	1434	1925	1343	1514	1620	1634	1745	1969	2061
Other Income	219	249	71	96	56	79	111	130	109	443
Total Income	1498	1683	1995	1439	1570	1699	1745	1875	2077	2504
Total Expenditure	541	792	864	678	770	861	856	950	1099	1171
Operating Profit	957	891	1131	761	801	838	889	924	978	1333
Interest	547	399	385	389	367	373	381	435	433	615
Depreciation	192	189	203	192	215	222	237	233	251	274
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	218	303	543	180	218	242	271	257	294	444
Provision for Tax	49	68	147	70	65	75	84	86	56	120
Profit After Tax	169	235	397	110	154	167	187	171	238	324
Adjustments	-96	-60	-33	-24	-12	-37	-54	-75	-51	-135
Profit After Adjustments	73	175	363	85	141	130	134	96	187	189
Adjusted Earnings Per Share	0.1	0.3	0.6	0.1	0.2	0.2	0.2	0.2	0.3	0.3

IRB Infra.&Developer Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3687	3732	3849	5128	5846	5694	6707	6852	5299	5804	6402	7409
Other Income	135	121	113	127	123	169	196	195	189	552	302	793
Total Income	3822	3853	3962	5255	5969	5863	6903	7047	5488	6355	6703	8201
Total Expenditure	2050	1974	1631	2461	2789	3005	3763	3872	2781	3003	3166	4076
Operating Profit	1772	1879	2331	2794	3181	2857	3139	3176	2706	3353	3537	4124
Interest	624	760	937	1070	1342	976	1126	1574	1697	1894	1521	1864
Depreciation	442	477	707	853	855	544	540	468	582	683	832	995
Exceptional Income / Expenses	0	0	0	0	0	127	0	57	0	0	0	0
Profit Before Tax	707	642	686	870	984	1464	1473	1175	262	550	1077	1266
Provision for Tax	153	182	144	231	269	544	623	454	144	188	357	346
Profit After Tax	554	460	542	640	715	920	850	721	117	361	720	920
Adjustments	3	-0	1	-0	0	0	0	0	0	0	0	-315
Profit After Adjustments	557	459	543	639	715	920	850	721	117	361	720	606
Adjusted Earnings Per Share	1.7	1.4	1.5	1.8	2	2.6	2.4	2.1	0.3	0.6	1.2	1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	-2%	2%	6%
Operating Profit CAGR	5%	4%	4%	7%
PAT CAGR	99%	-0%	-5%	3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	120%	80%	38%	15%
ROE Average	6%	4%	7%	11%
ROCE Average	9%	9%	11%	11%

IRB Infra.&Developer Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3256	3561	4361	4836	5272	5693	6315	6683	6901	12566	13379
Minority's Interest	109	36	35	36	0	0	0	0	0	0	0
Borrowings	6635	9398	10804	13284	12090	11831	14408	6458	16503	14765	13298
Other Non-Current Liabilities	337	331	21657	20406	15574	15326	13452	13878	12455	12230	11721
Total Current Liabilities	2730	2378	2533	3267	3114	7219	7582	14434	6653	3518	4545
Total Liabilities	13066	15704	39391	41828	46255	40068	41757	41453	42512	43078	42943
Fixed Assets	5509	8554	31764	35149	24388	31071	32943	27671	27102	27271	26480
Other Non-Current Assets	5221	4810	5252	4138	6932	6481	4503	7640	8510	10039	9257
Total Current Assets	2336	2340	2374	2541	2252	2517	4311	6142	6900	5768	7205
Total Assets	13066	15704	39391	41828	46255	40068	41757	41453	42512	43078	42943

IRB Infra.&Developer Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	355	257	443	410	276	285	206	272	437	648	47
Cash Flow from Operating Activities	1445	1655	1823	2340	3192	2132	2710	3709	867	364	1764
Cash Flow from Investing Activities	-2247	-2394	-2297	-3144	-2981	-2621	-4081	-4905	-8176	-1553	-650
Cash Flow from Financing Activities	699	925	475	671	-202	410	1438	1388	7520	589	-861
Net Cash Inflow / Outflow	-103	186	2	-133	9	-79	66	192	211	-601	253
Closing Cash & Cash Equivalent	257	443	445	276	285	206	272	437	648	47	301

IRB Infra.&Developer Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.67	1.38	1.54	1.82	2.04	2.62	2.42	2.05	0.33	0.6	1.19
CEPS(Rs)	2.99	2.82	3.56	4.25	4.47	4.16	3.95	3.38	1.99	1.73	2.57
DPS(Rs)	0.4	0.4	0.4	0.4	0.5	0.5	0.25	0.5	0	0	0.2
Book NAV/Share(Rs)	9.8	10.71	12.41	13.76	15	16.2	17.97	19.02	19.64	20.81	22.15
Core EBITDA Margin(%)	44.4	47.11	57.63	52	52.3	47.22	43.89	43.5	47.51	48.26	50.54
EBIT Margin(%)	36.08	37.58	42.19	37.84	39.78	42.85	38.76	40.12	36.97	42.11	40.59
Pre Tax Margin(%)	19.16	17.2	17.83	16.97	16.83	25.71	21.97	17.15	4.94	9.47	16.82
PAT Margin (%)	15.01	12.32	14.09	12.47	12.24	16.15	12.67	10.52	2.21	6.23	11.25
Cash Profit Margin (%)	26.99	25.1	32.46	29.11	26.86	25.71	20.72	17.35	13.19	17.99	24.25
ROA(%)	4.63	3.2	1.97	1.57	1.62	2.13	2.08	1.73	0.28	0.84	1.67
ROE(%)	18.11	13.49	13.69	13.91	14.16	16.78	14.16	11.09	1.72	3.71	5.55
ROCE(%)	12.12	10.51	10.28	10.38	11.72	12.59	12.25	14.17	9.47	9.05	9.02
Receivable days	1.09	0.66	0.49	0.48	2.47	6.51	6.7	14.76	26.9	41.94	74.94
Inventory Days	20.36	25.29	25.04	20.24	20.65	26.92	25.3	20.61	22.49	20.1	17.57
Payable days	196.93	261.9	269.55	266.74	516.62	2141.14	628.05	605.92	667.02	425.57	385.24
PER(x)	6.78	7.47	15.89	12.78	11.6	8.52	6.01	2.59	32.6	42.04	21.07
Price/Book(x)	1.16	0.96	1.98	1.69	1.57	1.38	0.81	0.28	0.55	1.21	1.13
Dividend Yield(%)	3.52	3.88	1.63	1.72	2.12	2.24	1.72	9.43	0	0	0.8
EV/Net Sales(x)	3	3.49	5.1	4.35	3.58	3.58	3	1.28	3.79	5.06	4.45
EV/Core EBITDA(x)	6.25	6.93	8.42	7.98	6.59	7.14	6.42	2.77	7.41	8.76	8.06
Net Sales Growth(%)	17.69	1.21	3.13	33.23	14	-2.6	17.79	2.16	-22.67	9.53	10.3
EBIT Growth(%)	10.71	5.4	15.8	19.49	19.86	4.91	6.54	5.74	-28.74	24.75	6.32
PAT Growth(%)	11.61	-16.97	18	17.92	11.87	28.55	-7.58	-15.19	-83.75	208.49	99.23
EPS Growth(%)	12.24	-17.52	11.83	17.71	11.96	28.54	-7.58	-15.19	-83.75	79.54	99.25
Debt/Equity(x)	2.7	3.11	2.88	3.23	2.65	2.43	2.63	1.38	2.69	1.27	1.18
Current Ratio(x)	0.86	0.98	0.94	0.78	0.72	0.35	0.57	0.43	1.04	1.64	1.59
Quick Ratio(x)	0.77	0.87	0.83	0.68	0.62	0.28	0.51	0.4	0.99	1.55	1.52
Interest Cover(x)	2.13	1.84	1.73	1.81	1.73	2.5	2.31	1.75	1.15	1.29	1.71
Total Debt/Mcap(x)	2.33	3.23	1.46	1.91	1.68	1.76	3.25	4.93	4.87	1.05	1.04

IRB Infra.&Developer Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	34.02	34.02	34.2	34.2	34.2	34.2	34.21	34.39	34.39	34.39
FII	48.15	48.79	48.65	48.76	48.58	48.53	48.37	47.28	47.16	47.22
DII	5.7	6.14	6.5	6.7	6.72	6.99	6.99	7.38	7.86	7.79
Public	12.12	11.05	10.64	10.34	10.49	10.28	10.43	10.94	10.58	10.6
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	20.55	20.55	20.66	20.66	20.66	206.56	206.61	207.71	207.71	207.71
FII	29.08	29.47	29.38	29.45	29.34	293.05	292.13	285.55	284.81	285.14
DII	3.44	3.71	3.93	4.04	4.06	42.22	42.19	44.6	47.49	47.04
Public	7.32	6.67	6.43	6.24	6.34	62.07	62.98	66.05	63.89	64.01
Others	0	0	0	0	0	0	0	0	0	0
Total	60.39	60.39	60.39	60.39	60.39	603.9	603.9	603.9	603.9	603.9

Pros

Debtor days have improved from 425.57 to 385.24days.
Company has reduced debt.

Cons

Promoter holding is low: 34.39%.
Company has a low return on equity of 4% over the last 3 years.
The company has delivered a poor profit growth of -4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

IRB Infra.&Developer News

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IRB Infra.&Developer

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IRB Infra.&Developer Research see more...

Overview Inc. Year: 1998Industry: Engineering - Construction

IRB Infra.&Developer Share Price

Alert Data

Quarterly Price

Peer Comparison

IRB Infra.&Developer Quarterly Results

IRB Infra.&Developer Profit & Loss

Growth Rates

IRB Infra.&Developer Balance Sheet

IRB Infra.&Developer Cash Flow

IRB Infra.&Developer Ratios

IRB Infra.&Developer Shareholding Pattern

IRB Infra.&Developer News

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