IRB InvIT Fund

IRB InvIT Fund Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IRB InvIT Fund

₹ 67.5 0.36%
24 Apr - close price
irbinvit.co.in BSE: 540526 NSE : IRBINVIT
About

IRB InvIT Fund is a trust established by its Sponsor & Project Manager, It is a private highway infrastructure developer in India. It has been set up to own, operate and maintain a portfolio of toll road concessions, managing 7 operational road assets at present, with an aggregate value of approximately Rs. 7250 Cr. spread across the states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, and Punjab with a Weighted Average life of Assets under InvIT Portfolio of around 16 years. [1]
The Investment Manager of the Trust is IRB Infrastructure Pvt Ltd which has 18 years of experience in operating a road BOT project and is also experienced in developing, operating, and maintaining toll plazas. [2]

Key Points

Investment Trust
InvIT is an asset class specifically pertaining to the infrastructure space. It is a collective investment vehicle that pools together funds from long-term investors to acquire income-generating infrastructure assets from developers[1]

Website BSE NSE
  • Market Cap ₹ 3,916 Cr.
  • Current Price ₹ 67.5
  • High / Low ₹ 74.7 / 66.6
  • Stock P/E
  • Book Value ₹ 69.0
  • Dividend Yield %
  • ROCE 8.48 %
  • ROE 8.78 %
  • Face Value ₹
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Pros

  • Stock is trading at 0.98 times its book value

Cons

  • The company has delivered a poor sales growth of 7.76% over past five years.
  • Promoter holding is low: 18.5%
  • Company has a low return on equity of 6.49% over last 3 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.

Peer comparison

Sector: Infrastructure Investment Trusts Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Dec 2021 Jun 2022 Dec 2022 Jun 2023 Dec 2023
413 323 318 202 295 323 350 336 348 716 279 268 282
71 58 62 57 57 55 59 62 66 465 77 42 73
Operating Profit 342 265 256 145 238 268 291 275 282 251 202 226 209
OPM % 83% 82% 80% 72% 81% 83% 83% 82% 81% 35% 72% 84% 74%
13 7 -2 -3 1 10 -16 1 0 2 6 1 1
Interest 47 41 39 38 37 36 35 35 36 35 58 68 69
Depreciation 257 175 173 80 153 185 190 129 225 113 46 57 58
Profit before tax 50 56 42 24 49 58 50 111 22 104 103 102 84
Tax % 2% -1% -1% -0% 0% 0% 0% 3% 22% 1% 3% 2% 4%
49 57 43 24 49 58 50 108 17 103 100 101 81
EPS in Rs 0.85 0.98 0.73 0.41 0.84 1.00 0.86 1.86 0.30 1.77 1.73 1.73 1.39
Raw PDF
Upcoming result date: 30 April 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 992 1,213 1,241 1,143 1,392 1,442
0 185 233 247 226 242 634
Operating Profit 0 807 979 993 917 1,150 808
OPM % 81% 81% 80% 80% 83% 56%
0 13 21 30 18 9 20
Interest 0 100 160 164 146 142 193
Depreciation 0 487 641 685 608 681 261
Profit before tax 0 233 199 173 181 336 374
Tax % 0% 1% 0% -0% 10% 1%
0 232 198 173 181 303 370
EPS in Rs 4.00 3.41 2.98 3.12 5.21 6.37
Dividend Payout % 263% 347% 314% 250% 1,517% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 5%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 29%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 8%
1 Year: -6%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 6%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 0 5,799 5,608 5,428 5,312 5,103 4,914
Reserves 0 -183 -499 -802 -959 -963 -908
0 1,772 1,799 1,765 1,899 1,896 3,038
0 6,617 6,420 6,203 5,989 5,923 5,475
Total Liabilities 0 14,005 13,327 12,594 12,241 11,958 12,519
0 13,627 12,975 12,290 11,629 10,951 10,692
CWIP 0 3 0 0 2 1 0
Investments 0 215 227 53 159 215 185
0 160 125 250 450 790 1,642
Total Assets 0 14,005 13,327 12,594 12,241 11,958 12,519

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 855 940 870 929 1,027 809
0 -5,825 -142 112 -494 -378 -284
0 5,064 -878 -806 -581 -679 -516
Net Cash Flow 0 93 -79 176 -146 -30 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0
Working Capital Days -142 -152 -149 -201 -192 9
ROCE % 9% 5% 5% 5% 8% 8%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls