IRB Infrastructure Developers Limited

IRB.BO

IRB.BOIRB Infrastructure Developers Limited IN flag

Bombay Stock Exchange

48.76

INR

+0.18

(+0.37%)

10.73EPS

4.54P/E

294.46BMarket Cap

Jul 24Next Earn

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ISIN

INE821I01022

Return %

Stock

S&P500

-31.29

10.59

132.63

63.55

331.12

94.73

Use logarithmic scale

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	TTM
Revenue per Share	11.09	11.23	11.57	14.59	16.63	16.2	19.08	19.41	14.8	13.68	10.47	12.23	- -	11.77
Basic EPS, GAAP	1.67	1.38	1.63	1.82	2.04	2.62	2.42	2.05	0.33	0.87	1.19	1	- -	10.8
Free Cash Flow per Basic Share	-3.11	-3	-1.47	-2.33	1.18	-5.23	-4.29	-4.26	-19.71	-2.47	2.21	6.3	- -	- -
Dividend per Share	0.3	0.5	0.2	0.6	0.2	0.8	0.25	- -	0.5	- -	0.13	0.27	- -	- -
Book Value per Share	5.96	6.76	7.91	8.84	10.08	11.28	13.85	15.87	15.7	14.73	11.21	11.88	- -	1.01
Tangible Book Value per Share	-20.16	-27.37	-95.71	-96.6	-72.9	-87.58	-85.98	-60.29	-58.88	-33.15	-20.13	-17.92	- -	-6.34
Basic Weighted Avg Shares	3,324	3,324	3,327	3,514	3,514	3,514	3,514	3,514	3,514	4,158	6,039	6,058	- -	6,000
Sales/Revenue/Turnover	36,872	37,319	38,489	51,279	58,459	56,941	67,070	68,229	52,030	56,891	63,246	74,090	70,620	70,620
Operating Margin (%)	32.49	34.4	39.28	35.43	37.68	37.74	35.84	36.82	37.21	37.23	38.03	31.54	28.56	28.56
Depreciation Expense	4,415	4,771	7,071	8,533	8,548	5,440	5,395	4,683	5,817	6,828	8,321	9,949	10,376	10,376
Net Income, GAAP	5,567	4,591	5,429	6,391	7,155	9,197	8,500	7,209	1,171	3,614	7,200	6,058	64,807	64,807
Effective Tax Rate (%)	21.65	28.39	20.99	26.5	27.29	37.18	42.31	38.66	55.22	34.25	33.14	36.33	5.55	5.55
Profit Margin (%)	15.1	12.3	14.11	12.46	12.24	16.15	12.67	10.57	2.25	6.35	11.38	8.18	91.77	91.77
Working Capital	-3,817	-232	-1,432	-7,255	16,161	-46,993	-32,710	-82,915	2,469	22,502	26,607	9,302	21,625	21,625
LT Debt	66,349	93,980	108,044	338,950	120,897	118,313	144,076	64,657	170,567	154,832	142,522	168,543	187,140	187,140
Total Equity	33,648	35,963	43,959	48,718	52,716	56,925	63,152	66,829	69,008	125,656	133,789	137,445	198,266	198,266
Return on Invested Capital (%)	8.44	6.83	7.52	4.56	5.26	6.93	6.49	7.87	4.1	5.01	5.4	4.74	5.22	5.22
Return on Capital (%)	10.61	8.25	8.94	5.17	5.89	8.54	7.54	9.11	4.29	6.51	7.27	7.26	34.74	34.74
Return on Common Equity (%)	30.66	21.73	22.26	22.27	21.52	24.5	19.24	13.8	2.11	6.21	11.17	8.67	166.12	166.12

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	7.34%	1.85%	-4.68%
Net Income, GAAP	121.33%	235.57%	969.74%
Free Cash Flow	-46.1%	36.6%	-50.91%
Total Cash Common Dividend	- -	- -	45.45%
Total Equity	18.26%	27.76%	44.25%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: S. S. Rana
Full Time Employees: 3,180
Sector: Industrials
Industry: Industrial - Infrastructure Operations
Address: IRB Complex Mumbai India 400072
Website: irb.co.in
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Business: IRB Infrastructure Developers Limited engages in the infrastructure development business in India. It operates in two segments, Built, Operate and Transfer/Toll Operate and Transfer; and Construction. The company develops roads and operates and maintains roadways. It also provides real estate, hospitality, and airport development services, as well as operates as an investment manager. The company was incorporated in 1998 and is based in Mumbai, India.

	Sep'25	Dec'25	Mar'25
Total Current Assets	46,486	- -	59,087
Accounts Receivable, Net	6,317	- -	3,310
Cash, Cash Equivalents & STI	23,232	- -	39,884
Inventories	3,297	- -	3,386
Total Current Liabilities	36,658	- -	37,462
Payables & Accruals	- -	- -	- -
ST Debt	17,863	- -	18,853
Deferred Revenue	- -	- -	- -

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	TTM
Revenue per Share	11.09	11.23	11.57	14.59	16.63	16.2	19.08	19.41	14.8	13.68	10.47	12.23	- -	11.77
Basic EPS, GAAP	1.67	1.38	1.63	1.82	2.04	2.62	2.42	2.05	0.33	0.87	1.19	1	- -	10.8
Free Cash Flow per Basic Share	-3.11	-3	-1.47	-2.33	1.18	-5.23	-4.29	-4.26	-19.71	-2.47	2.21	6.3	- -	- -
Dividend per Share	0.3	0.5	0.2	0.6	0.2	0.8	0.25	- -	0.5	- -	0.13	0.27	- -	- -
Book Value per Share	5.96	6.76	7.91	8.84	10.08	11.28	13.85	15.87	15.7	14.73	11.21	11.88	- -	1.01
Tangible Book Value per Share	-20.16	-27.37	-95.71	-96.6	-72.9	-87.58	-85.98	-60.29	-58.88	-33.15	-20.13	-17.92	- -	-6.34
Basic Weighted Avg Shares	3,324	3,324	3,327	3,514	3,514	3,514	3,514	3,514	3,514	4,158	6,039	6,058	- -	6,000
Sales/Revenue/Turnover	36,872	37,319	38,489	51,279	58,459	56,941	67,070	68,229	52,030	56,891	63,246	74,090	70,620	70,620
Operating Margin (%)	32.49	34.4	39.28	35.43	37.68	37.74	35.84	36.82	37.21	37.23	38.03	31.54	28.56	28.56
Depreciation Expense	4,415	4,771	7,071	8,533	8,548	5,440	5,395	4,683	5,817	6,828	8,321	9,949	10,376	10,376
Net Income, GAAP	5,567	4,591	5,429	6,391	7,155	9,197	8,500	7,209	1,171	3,614	7,200	6,058	64,807	64,807
Effective Tax Rate (%)	21.65	28.39	20.99	26.5	27.29	37.18	42.31	38.66	55.22	34.25	33.14	36.33	5.55	5.55
Profit Margin (%)	15.1	12.3	14.11	12.46	12.24	16.15	12.67	10.57	2.25	6.35	11.38	8.18	91.77	91.77
Working Capital	-3,817	-232	-1,432	-7,255	16,161	-46,993	-32,710	-82,915	2,469	22,502	26,607	9,302	21,625	21,625
LT Debt	66,349	93,980	108,044	338,950	120,897	118,313	144,076	64,657	170,567	154,832	142,522	168,543	187,140	187,140
Total Equity	33,648	35,963	43,959	48,718	52,716	56,925	63,152	66,829	69,008	125,656	133,789	137,445	198,266	198,266
Return on Invested Capital (%)	8.44	6.83	7.52	4.56	5.26	6.93	6.49	7.87	4.1	5.01	5.4	4.74	5.22	5.22
Return on Capital (%)	10.61	8.25	8.94	5.17	5.89	8.54	7.54	9.11	4.29	6.51	7.27	7.26	34.74	34.74
Return on Common Equity (%)	30.66	21.73	22.26	22.27	21.52	24.5	19.24	13.8	2.11	6.21	11.17	8.67	166.12	166.12

Year	Q1	Q2	Q3	Q4	FY
2023	0.6	0.14	0.23	- -	1.19
2024	0.22	0.16	0.31	- -	1
2025	0.23	0.17	9.98	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	19,246	13,430	15,141	15,430	63,246
2024	16,342	17,450	19,685	20,147	74,090
2025	18,529	15,858	17,806	18,426	70,620

	Sep'25	Dec'25	Mar'25
ST Debt	17,863	- -	18,853
LT Borrowings	170,520	- -	186,948
LT Finance Leases	- -	- -	192
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	6,039	- -	6,039
Market Capitalization	365,598	343,303	270,766

IRB Infrastructure Developers Limited

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