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

₹ 28.3 1.22%
09 Jun 12:51 p.m.
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 ₹ 17,084 Cr.
  • Current Price ₹ 28.3
  • High / Low ₹ 35.0 / 17.9
  • Stock P/E 23.7
  • Book Value ₹ 22.2
  • Dividend Yield 0.69 %
  • ROCE 8.73 %
  • ROE 5.55 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.37% over past five years.
  • Company has a low return on equity of 4.04% over last 3 years.
  • Promoters have pledged 49.1% of their holding.
  • Dividend payout has been low at 7.20% of profits over last 3 years
  • Debtor days have increased from 59.7 to 93.2 days.
  • Promoter holding has decreased over last 3 years: -23.5%
  • Working capital days have increased from 72.8 days to 156 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,584 1,022 1,123 1,547 1,606 1,626 1,465 1,279 1,434 1,925 1,343 1,514 1,620
945 621 610 846 875 960 783 637 852 897 702 782 898
Operating Profit 639 402 513 701 731 666 682 642 581 1,027 641 732 722
OPM % 40% 39% 46% 45% 46% 41% 47% 50% 41% 53% 48% 48% 45%
108 51 46 48 45 45 39 219 249 71 96 56 79
Interest 410 366 435 441 451 468 477 547 399 385 389 367 373
Depreciation 105 84 129 191 177 136 165 192 189 203 192 215 222
Profit before tax 231 3 -5 116 147 107 79 121 242 510 155 206 205
Tax % 33% 1,118% -320% 40% 34% 33% 47% 40% 28% 29% 45% 31% 37%
Net Profit 154 -30 -20 69 97 72 42 73 174 363 85 141 130
EPS in Rs 0.44 -0.09 -0.06 0.20 0.28 0.20 0.12 0.12 0.29 0.60 0.14 0.23 0.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,133 3,687 3,732 3,849 5,128 5,846 5,694 6,707 6,852 5,299 5,804 6,402
1,757 2,048 1,973 1,631 2,461 2,789 3,005 3,763 3,887 2,947 3,229 3,280
Operating Profit 1,376 1,639 1,759 2,218 2,667 3,057 2,689 2,944 2,965 2,352 2,575 3,122
OPM % 44% 44% 47% 58% 52% 52% 47% 44% 43% 44% 44% 49%
123 133 120 113 127 123 295 196 252 189 552 302
Interest 550 624 760 937 1,070 1,342 976 1,126 1,574 1,697 1,894 1,515
Depreciation 297 442 477 707 853 855 544 540 468 582 683 832
Profit before tax 651 707 642 686 870 984 1,464 1,473 1,175 262 550 1,077
Tax % 24% 22% 28% 21% 26% 27% 37% 42% 39% 55% 34% 33%
Net Profit 496 554 460 542 640 715 920 850 721 117 361 720
EPS in Rs 1.49 1.67 1.38 1.54 1.82 2.04 2.62 2.42 2.05 0.33 0.60 1.19
Dividend Payout % 12% 24% 29% 26% 22% 25% 19% 10% 24% 0% 0% 22%
Compounded Sales Growth
10 Years: 6%
5 Years: 2%
3 Years: -2%
TTM: 10%
Compounded Profit Growth
10 Years: 3%
5 Years: -3%
3 Years: 2%
TTM: 102%
Stock Price CAGR
10 Years: 9%
5 Years: 3%
3 Years: 62%
1 Year: 26%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 4%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,524 2,923 3,228 4,009 4,485 4,920 5,341 5,964 6,331 6,549 11,962 12,775
7,072 8,776 11,084 12,576 15,626 13,963 13,832 16,599 9,205 19,219 16,697 16,748
929 1,034 1,059 22,453 21,699 27,406 20,865 17,549 23,997 15,052 13,218 12,639
Total Liabilities 10,858 13,066 15,704 39,391 42,162 46,641 40,389 40,464 39,885 41,171 42,481 42,766
5,554 5,509 8,554 31,764 35,149 24,388 31,071 32,943 27,671 27,102 27,271 26,480
CWIP 2,445 4,916 4,487 4,835 4,020 6,806 5,648 3,797 403 673 63 8
Investments 14 62 15 9 36 146 945 645 4,146 4,799 4,904 5,141
2,845 2,579 2,648 2,783 2,957 15,301 2,724 3,079 7,666 8,597 10,243 11,138
Total Assets 10,858 13,066 15,704 39,391 42,162 46,641 40,389 40,464 39,885 41,171 42,481 42,766

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,110 1,445 1,655 1,823 2,340 3,192 2,132 2,710 3,709 867 364 1,764
-2,673 -2,243 -2,394 -2,297 -3,144 -2,981 -2,621 -4,081 -4,932 -8,176 -1,553 -650
1,758 699 925 475 671 -202 410 1,438 1,388 7,520 589 -860
Net Cash Flow 195 -99 186 2 -133 9 -79 66 165 211 -601 253

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 2 1 1 0 1 4 8 6 23 23 62 93
Inventory Days 193 195 218 304 277 294 246 261
Days Payable 244 296 196 304 622 654 296 438
Cash Conversion Cycle 2 -49 -101 22 1 4 8 6 -321 -336 13 -84
Working Capital Days 7 -65 -62 -105 -76 -86 -320 -193 -453 -17 79 156
ROCE % 14% 12% 11% 10% 10% 12% 12% 12% 14% 9% 9% 9%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
57.74 58.01 58.61 58.61 58.46 58.46 34.02 34.02 34.20 34.20 34.20 34.20
14.64 15.37 16.30 15.16 14.41 13.34 48.15 48.79 48.65 48.76 48.58 48.52
10.91 11.33 11.43 11.37 13.53 13.01 5.70 6.14 6.50 6.69 6.71 6.98
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
16.71 15.29 13.67 14.86 13.60 15.18 12.12 11.05 10.64 10.34 10.50 10.28

* 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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