IRB Infrastructure Developers Limited
₹15.74-₹0.50 (-3.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹24,693 Cr
- P/E
- 27.4x
- EV / EBITDA
- 20.1x
- Revenue
- ₹5,063 Cr
- Net margin
- 15.8%
- ROCE
- 3.1%
Price chart
Technical chartScreen technicals →-29.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.0%
- 3M
- -22.3%
- 6M
- -27.0%
- 1Y
- -29.4%
- 5Y
- +34.5%
52-week range
Day change -₹0.50 (-3.1%) from ₹16.24 to ₹15.74 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in IRB, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 22.3%
Concerns1
- Low interest coverage ratio of 0.8x
Rule-based from financial data. Not advice.
About the company
IRB Infrastructure Developers Limited engages in the infrastructure development business in India. It operates through Built, Operate and Transfer/Toll Operate and Transfer; InvITs & Related Assets; and Construction segments. The company develops, operates, and maintains road. It also provides invests in units of IRB Infrastructure Trust, IRB InvIT Fund and other related assets.
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IRB Infrastructure Developers Limited engages in the infrastructure development business in India. It operates through Built, Operate and Transfer/Toll Operate and Transfer; InvITs & Related Assets; and Construction segments. The company develops, operates, and maintains road. It also provides invests in units of IRB Infrastructure Trust, IRB InvIT Fund and other related assets. In addition, the company is involved in road Infrastructure, real estate, hospitality, and airport development, as well as operates as an investment manager. The company was incorporated in 1998 and is based in Mumbai, India.
- Sector
- Industrials
- Shares outstanding
- 604 Cr shares
- ISIN
- INE821I01022
- BSE code
- 532947
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹24,693 Cr
- P/E
- 27.4x
- P/B
- 1.6x
- EV / EBITDA
- 20.1x
- EV / Sales
- 6.7x
- P/S
- 5.1x
- Earnings yield
- 3.6%
- 52-week high
- ₹22.87
- 52-week low
- ₹15.74
Profitability
- Operating margin
- 12.2%
- Net margin
- 15.8%
- EBITDA margin
- 33.4%
- ROE
- 8.0%
- ROCE
- 3.1%
- ROA
- 3.5%
- Dividend payout
- 24.0%
- Tax rate
- 16.0%
- Other income, % of PBT
- 113.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,063 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,612 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 93.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 636.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,149 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 359.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,660 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 29.6%
Solvency and efficiency
- Current ratio
- 7.00
- Debt / Equity
- 0.98
- Debt / Assets
- 0.42
- Debt / EBITDA
- 5.78
- Interest coverage
- 0.83
- Financial leverage
- 2.31
- CFO / Net profit
- 1.51
- Cash / Market cap
- 33.1%
- Cash per share
- ₹13.54
- Asset turnover
- 0.22
- Debtor days
- 59 days
- Cash conversion cycle
- 59 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹111 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,212 Cr |
| Sales | Operating profit | ₹851 Cr |
| Operating profit | Interest | ₹580 Cr |
| Operating profit | Profit before tax | ₹271 Cr |
| Other income | Profit before tax | ₹5,542 Cr |
| Profit before tax | Tax and other | ₹199 Cr |
| Profit before tax | Net profit | ₹5,614 Cr |
Revenue and net profit
Revenue grew 4.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,750 Cr | ₹189 Cr |
| FY2022 | ₹2,600 Cr | ₹320 Cr |
| FY2023 | ₹4,160 Cr | ₹372 Cr |
| FY2024 | ₹4,826 Cr | ₹762 Cr |
| FY2025 | ₹5,063 Cr | ₹5,614 Cr |
Cash flows
FY2025: ₹438 Cr from operations, ₹1,148 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,422 Cr | -₹969 Cr |
| FY2022 | -₹290 Cr | -₹559 Cr |
| FY2023 | ₹250 Cr | ₹224 Cr |
| FY2024 | ₹1,149 Cr | -₹2,646 Cr |
| FY2025 | ₹438 Cr | ₹1,148 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,063 Cr+4.9%1Y
- Net profit
- ₹5,614 Cr+636.7%1Y
- Cash from operations
- ₹438 Cr
- Free cash flow
- ₹1,148 Cr
- Revenue CAGR, 5Y
- 3.9%
- EBITDA CAGR, 5Y
- 18.4%
- Net profit CAGR, 5Y
- 22.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,063 Cr | ₹851 Cr | — | ₹5,614 Cr | ₹438 Cr | ₹1,148 Cr | 38.2% | +4.9% | +636.7% |
Monthly returns
Month-by-month returns of IRB across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹30,363 Cr |
| Equity capital | ₹604 Cr |
| Reserves | ₹14,094 Cr |
| Borrowings | ₹10,814 Cr |
| Other liabilities | ₹4,851 Cr |
| Assets | ₹30,363 Cr |
| Fixed assets | ₹0 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹20,399 Cr |
| Other assets | ₹9,964 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
IRB trades at 27.4x earnings against a peer median of 38.3x (a 28% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| IRB Infrastructure Developers LimitedIRBthis companyP/E ↓ discount | ₹24,693 Cr | 27.4x | 1.6x | 8.0% | 20.1x |
| NBCC (India) LimitedNBCC | ₹28,407 Cr | 45.6x | 11.2x | 16.1% | 58.1x |
| PTC Industries Ltd.PTCIL | ₹27,033 Cr | 684.0x | 20.1x | 3.9% | 430.2x |
| KAYNES TECHNOLOGY INDIA LIMITEDKAYNES | ₹24,763 Cr | 115.0x | 5.7x | 5.2% | 103.5x |
| HBL ENGINEERING LIMITEDHBLENGINE | ₹23,438 Cr | 35.8x | 12.0x | 21.9% | 57.2x |
| Timken India LtdTIMKEN | ₹22,941 Cr | 50.4x | 8.3x | 16.2% | 36.9x |
| Firstsource Solutions Ltd.FSL | ₹22,755 Cr | 53.1x | 8.7x | 13.3% | 46.6x |
| eClerx Services LimitedECLERX | ₹21,910 Cr | 55.5x | 15.0x | 23.6% | 38.9x |
| Redington LimitedREDINGTON | ₹21,342 Cr | 15.2x | 4.5x | 29.8% | 13.7x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
IRB since 1 January, against earlier years.
Historical volatility
IRB's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 14.0% |
| FY2022 | 26.0% |
| FY2023 | 10.0% |
| FY2024 | 12.0% |
| FY2025 | 17.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,063 Cr |
| Costs | |
| Interest | ₹580 Cr |
| Expenses | ₹4,213 Cr |
| Operating profitOperating Profit | ₹851 Cr |
| Other income and charges | |
| Profit before tax | ₹5,813 Cr |
| Tax | |
| Net profitNet Profit | ₹5,614 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹30,363 Cr |
| Equity capitalEquity Capital | ₹604 Cr |
| Reserves | ₹14,094 Cr |
| Borrowings | ₹10,814 Cr |
| Other liabilitiesOther Liabilities | ₹4,851 Cr |
| AssetsTotal Assets | ₹30,363 Cr |
| Fixed assetsFixed Assets | ₹0 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹20,399 Cr |
| Other assetsOther Assets | ₹9,964 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹438 Cr |
| Investing cash flowCash from Investing Activity | ₹710 Cr |
| Financing cash flowCash from Financing Activity | ₹512 Cr |
| Change in cashNet Cash Flow | ₹1,660 Cr |
Learn while you research
Academy chapters picked for IRB Infrastructure Developers Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read