IRB Infrastructure Developers Ltd

IRB Infra.Devl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IRB Infrastructure Developers Ltd

₹ 29.5 -2.96%
21 Sep - close price
irb.co.in BSE: 532947 NSE : IRB
About

IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate.[1]

Key Points

Project Portfolio
Presently, the company operates 1 project on TOT (Toll-operate-transfer) model, 3 projects on BOT (Build-operate-transfer) model and 3 projects on HAM (Hybrid-annuity-model) model for different concession periods.[1]
It operates the largest TOT project viz. Mumbai-Pune expressway. The group has ~20% share of the Golden Quadrilateral highway network under various stages.[2][3]

Website BSE NSE
  • Market Cap ₹ 17,815 Cr.
  • Current Price ₹ 29.5
  • High / Low ₹ 35.0 / 19.8
  • Stock P/E 53.8
  • Book Value ₹ 14.8
  • Dividend Yield 0.68 %
  • ROCE 5.80 %
  • ROE 4.27 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 7.49% over past five years.
  • Company has a low return on equity of 5.12% over last 3 years.
  • Promoters have pledged 49.1% of their holding.
  • Earnings include an other income of Rs.506 Cr.
  • Dividend payout has been low at 10.8% of profits over last 3 years
  • Debtor days have increased from 37.3 to 48.2 days.
  • Promoter holding has decreased over last 3 years: -23.5%

* 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 Developers & Operators Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
628 690 817 615 725 768 324 782 1,341 813 942 1,064 946
553 609 695 519 599 660 283 384 1,101 756 887 988 872
Operating Profit 75 81 122 96 126 108 42 399 240 57 55 76 74
OPM % 12% 12% 15% 16% 17% 14% 13% 51% 18% 7% 6% 7% 8%
24 203 26 67 58 57 226 135 55 150 106 92 158
Interest 76 130 137 149 175 173 248 124 91 95 94 91 100
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 23 154 12 14 9 -8 20 409 203 111 68 77 132
Tax % 27% -4% 30% 72% 26% 33% 26% 26% 26% 8% 6% 28% 17%
17 160 8 4 7 -5 15 304 151 102 63 56 110
EPS in Rs 0.05 0.45 0.02 0.01 0.02 -0.01 0.02 0.50 0.25 0.17 0.10 0.09 0.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,250 2,032 2,212 1,956 2,768 3,413 2,900 3,385 3,992 2,750 2,600 4,160 3,765
1,110 1,818 1,983 1,754 2,532 3,038 2,580 2,933 3,469 2,372 1,924 3,729 3,504
Operating Profit 139 215 229 201 236 374 320 452 523 378 676 431 261
OPM % 11% 11% 10% 10% 9% 11% 11% 13% 13% 14% 26% 10% 7%
146 213 296 244 393 223 426 239 169 320 476 403 506
Interest 77 198 214 271 280 306 231 230 323 495 722 375 379
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 208 230 312 174 349 292 516 460 368 203 430 459 389
Tax % 20% 19% 8% 20% 16% 30% 14% 29% 24% 7% 26% 19%
166 187 288 138 292 203 444 329 279 189 320 372 331
EPS in Rs 0.50 0.56 0.87 0.39 0.83 0.58 1.26 0.94 0.79 0.54 0.53 0.62 0.54
Dividend Payout % 36% 71% 46% 102% 48% 86% 40% 27% 63% 0% 0% 32%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 1%
TTM: 17%
Compounded Profit Growth
10 Years: 7%
5 Years: -3%
3 Years: 10%
TTM: -29%
Stock Price CAGR
10 Years: 14%
5 Years: 14%
3 Years: 40%
1 Year: 32%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
332 332 332 351 351 351 351 351 351 351 604 604
Reserves 1,185 1,239 1,394 1,798 2,021 2,154 2,158 2,281 2,214 2,505 7,883 8,349
1,801 1,685 2,195 2,530 2,921 3,646 5,415 4,611 8,042 10,090 5,468 5,865
1,168 1,468 1,995 2,467 2,562 2,861 2,458 2,538 2,211 2,130 1,647 2,115
Total Liabilities 4,486 4,724 5,916 7,146 7,855 9,012 10,382 9,782 12,820 15,076 15,602 16,933
0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,383 1,641 1,867 2,317 2,502 5,401 5,804 6,418 6,450 8,975 8,270 8,752
3,103 3,084 4,049 4,830 5,353 3,612 4,578 3,364 6,369 6,101 7,333 8,181
Total Assets 4,486 4,724 5,916 7,146 7,855 9,012 10,382 9,782 12,820 15,076 15,602 16,933

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
853 494 514 648 536 619 -1,727 1,065 -425 1,422 -290 250
-235 -185 -684 -1,087 -437 -1,031 459 52 -2,362 -2,391 -269 -26
-519 -409 136 430 -64 382 1,262 -1,117 3,124 1,201 -12 -31
Net Cash Flow 98 -100 -34 -9 36 -29 -6 0 337 232 -571 193

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 14 23 22 17 13 1 89 49 22 23 41 48
Inventory Days
Days Payable
Cash Conversion Cycle 14 23 22 17 13 1 89 49 22 23 41 48
Working Capital Days 136 -93 28 -100 -103 -52 71 -95 -12 -26 -10 7
ROCE % 10% 13% 15% 10% 13% 10% 11% 9% 8% 6% 9% 6%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
58.01% 58.61% 58.61% 58.46% 58.46% 34.02% 34.02% 34.20% 34.20% 34.20% 34.20% 34.21%
15.37% 16.30% 15.16% 14.41% 13.34% 48.15% 48.79% 48.65% 48.76% 48.58% 48.52% 48.37%
11.33% 11.43% 11.37% 13.53% 13.01% 5.70% 6.14% 6.50% 6.69% 6.71% 6.98% 6.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01%
15.29% 13.67% 14.86% 13.60% 15.18% 12.12% 11.05% 10.64% 10.34% 10.50% 10.28% 10.43%
No. of Shareholders 1,09,0281,04,3671,10,1921,10,4571,30,1611,53,2191,36,5721,39,5121,38,6051,53,3522,03,6542,40,258

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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