IRB InvIT Fund

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

IRB InvIT Fund

₹ 60.0 -0.23%
13 Mar - 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

IRB Infrastructure[1]
IRB is one of the largest infrastructure development and construction companies in India. Their group's project portfolio (including private and public InvIT) had 26 road projects as on Mar 2025, including 18 BOT, four toll-operate-transfer, and 4 HAM projects. IRB holds a 16% stake as a sponsor in IRB InvIT. Two assets were completed and handed back to the Authority.

Website BSE NSE
  • Market Cap ₹ 4,741 Cr.
  • Current Price ₹ 60.0
  • High / Low ₹ 67.0 / 49.9
  • Stock P/E 9.68
  • Book Value ₹ 37.5
  • Dividend Yield 13.3 %
  • ROCE 7.70 %
  • ROE 6.96 %
  • Face Value ₹ 102
Edit ratios

Pros

  • Company has been maintaining a healthy dividend payout of 137%

Cons

  • Promoter holding has decreased over last quarter: -0.79%
  • The company has delivered a poor sales growth of 2.29% over past five years.
  • Promoter holding is low: 17.7%
  • Tax rate seems low
  • Company has a low return on equity of 6.78% 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

Services Services Transport Infrastructure Road AssetsToll, Annuity, Hybrid-Annuity

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Dec 2021 Jun 2022 Dec 2022 Jun 2023 Dec 2023 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
139 136 129 129 168 151 154 176 157 168 172 178 370
3 3 19 -2 12 68 -15 132 5 4 -3 71 8
Operating Profit 136 132 110 131 156 83 169 44 152 163 175 107 362
OPM % 98% 97% 86% 102% 93% 55% 110% 25% 97% 97% 102% 60% 98%
1 1 0 3 1 2 0 1 16 1 1 1 1
Interest 28 28 26 31 40 47 54 49 53 49 47 51 174
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 109 105 85 102 117 38 115 -4 115 115 129 57 189
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -0%
109 105 85 102 117 38 115 -4 115 115 129 57 189
EPS in Rs 1.87 1.81 1.46 1.76 2.02 0.66 1.98 -0.07 1.99 1.99 2.22 0.98 1.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
745 900 987 0 511 617 594 576 545 515 627 666 888
75 172 161 0 11 15 14 8 84 60 247 127 80
Operating Profit 670 728 825 0 500 602 580 568 461 456 380 539 808
OPM % 90% 81% 84% 98% 98% 98% 99% 85% 88% 61% 81% 91%
17 17 18 0 4 11 6 3 3 62 88 8 4
Interest 376 445 435 0 64 128 125 117 111 116 177 205 322
Depreciation 356 425 468 0 0 0 0 0 0 0 0 0 0
Profit before tax -45 -126 -59 0 440 486 461 455 353 401 290 342 490
Tax % 5% -2% 29% 0% 0% 0% 0% 0% 0% 0% 0%
-48 -124 -76 0 440 486 461 455 353 401 290 342 490
EPS in Rs 7.58 8.37 7.94 7.83 6.08 6.91 5.00 5.89 6.66
Dividend Payout % 0% 0% 0% 139% 141% 118% 99% 148% 116% 160% 136%
Compounded Sales Growth
10 Years: -3%
5 Years: 2%
3 Years: 7%
TTM: 6%
Compounded Profit Growth
10 Years: 17%
5 Years: -6%
3 Years: -1%
TTM: 18%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: -5%
1 Year: 11%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 7%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 1,112 1,115 1,115 0.00 5,799 5,608 5,428 5,312 5,103 4,914 4,862 4,748 4,737
Reserves 216 92 15 0 25 -3 -18 100 145 233 111 102 67
4,848 4,788 4,628 0 1,533 1,501 1,467 1,466 1,413 1,780 2,085 2,292 6,501
8,022 7,852 7,705 0 10 4 19 2 8 3 5 2 5
Total Liabilities 14,197 13,847 13,462 0 7,368 7,109 6,896 6,880 6,668 6,930 7,063 7,145 11,310
13,585 13,416 12,989 0 0 0 0 0 0 0 0 0 0
CWIP 312 2 4 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 2,456 2,496 2,323 2,416 2,415 2,482 2,221 1,965 5,222
300 429 469 0 4,912 4,613 4,573 4,463 4,253 4,448 4,842 5,179 6,088
Total Assets 14,197 13,847 13,462 0 7,368 7,109 6,896 6,880 6,668 6,930 7,063 7,145 11,310

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
625 500 561 0 503 603 542 430 404 617 -12 -20
-454 -27 -37 0 -6,416 211 359 91 244 -422 277 470
-272 -463 -548 0 5,972 -873 -805 -582 -680 -197 -253 -461
Net Cash Flow -101 10 -24 0 59 -59 96 -60 -32 -2 13 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 2 1 1 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 2 1 1 0 0 0 0 0 0 0 0
Working Capital Days -103 -26 -6 224 210 320 299 341 333 220 -72
ROCE % 5% 6% 0% 14% 8% 8% 8% 7% 8% 7% 8%

Insights

In beta
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Number of Operational Road Assets
Number

Log in to view insights

Please log in to see hidden values.

Login
Average Daily Toll Collection - Jaipur Deoli (JD)
INR Mn
Average Daily Toll Collection - Omalur-Salem-Namakkal (MVR)
INR Mn
Average Daily Toll Collection - Pathankot Amritsar (PA)
INR Mn
Average Daily Toll Collection - Tumkur Chitradurga (TC)
INR Mn
Total Lane Kilometers
km
Weighted Average Residual Concession Life
Years
Electronic Toll Collection (FasTag) Penetration
%
Portfolio Historical Traffic CAGR
%
Market Share of Pan India Toll Revenue (IRB Group)
%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls