IRB InvIT Fund

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

IRB InvIT Fund

₹ 60.6 0.18%
02 Jun - 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 ₹ 4,796 Cr.
  • Current Price ₹ 60.6
  • High / Low ₹ 67.0 / 55.2
  • Stock P/E 14.1
  • Book Value ₹ 63.8
  • Dividend Yield 13.2 %
  • ROCE 7.27 %
  • ROE 5.69 %
  • Face Value ₹ 102
Edit ratios

Pros

  • Stock is trading at 0.95 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 132%

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.79%
  • The company has delivered a poor sales growth of 6.28% over past five years.
  • Promoter holding is low: 17.7%
  • Tax rate seems low
  • Company has a low return on equity of 7.53% over last 3 years.
  • Working capital days have increased from -33.7 days to 71.6 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

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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Jun 2022 Dec 2022 Jun 2023 Dec 2023 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
348 716 279 268 268 274 270 275 282 291 277 450 528
66 465 77 42 73 47 46 51 49 46 45 78 140
Operating Profit 282 251 202 226 195 227 224 224 232 245 232 372 388
OPM % 81% 35% 72% 84% 73% 83% 83% 81% 82% 84% 84% 83% 74%
0 2 6 1 16 2 0 7 1 2 1 -2 32
Interest 36 35 58 68 69 76 72 75 71 72 73 190 184
Depreciation 225 113 46 57 58 63 64 61 66 71 72 100 138
Profit before tax 22 104 103 102 84 89 88 94 97 103 89 80 99
Tax % 22% 1% 3% 2% 4% 3% 3% 3% 3% 3% 7% 26% 2%
17 103 100 101 81 86 85 91 94 100 83 60 97
EPS in Rs 0.30 1.77 1.73 1.73 1.39 1.48 1.47 1.57 1.61 1.72 1.43 0.47 0.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 992 1,213 1,241 1,143 1,392 1,442 1,062 1,084 1,549
0 185 233 247 226 242 634 200 194 310
Operating Profit 0 807 979 993 917 1,150 808 862 890 1,240
OPM % 81% 81% 80% 80% 83% 56% 81% 82% 80%
0 13 21 30 18 9 20 24 26 30
Interest 0 100 160 164 146 142 193 272 294 519
Depreciation 0 487 641 685 608 681 261 230 254 380
Profit before tax 0 233 199 173 181 336 374 384 368 371
Tax % 0% 1% 0% -0% 10% 1% 3% 3% 9%
0 232 198 173 181 303 370 373 356 339
EPS in Rs 4.00 3.41 2.98 3.12 5.21 6.37 6.43 6.13 2.64
Dividend Payout % 263% 347% 314% 250% 1,517% 126% 124% 131% 140%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 2%
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: -2%
TTM: 1%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: -5%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 8%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.00 5,799 5,608 5,428 5,312 5,103 4,914 4,862 4,748 9,310
Reserves 0 -183 -499 -802 -959 -963 -908 -947 -942 -1,135
0 1,772 1,799 1,765 1,899 1,896 3,038 3,049 3,198 9,361
0 6,617 6,420 6,203 5,989 5,923 5,475 5,610 5,336 5,446
Total Liabilities 0 14,005 13,327 12,594 12,241 11,958 12,519 12,574 12,340 22,981
0 13,627 12,975 12,290 11,629 10,951 10,692 10,461 10,203 18,888
CWIP 0 3 0 0 2 1 0 0 0 0
Investments 0 215 227 53 159 215 185 138 237 591
0 160 125 250 450 790 1,642 1,975 1,900 3,502
Total Assets 0 14,005 13,327 12,594 12,241 11,958 12,519 12,574 12,340 22,981

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 855 940 870 929 1,027 809 987 961 1,275
0 -5,825 -142 112 -494 -378 -284 -186 -389 -9,647
0 5,064 -878 -806 -581 -679 -516 -784 -579 8,588
Net Cash Flow 0 93 -79 176 -146 -30 9 17 -7 216
Free Cash Flow 0 -5,966 844 750 887 1,026 161 802 700 1,000
CFO/OP 106% 96% 88% 101% 89% 100% 115% 109% 104%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0
Working Capital Days -142 -152 -149 -219 -206 -19 -86 -87 72
ROCE % 9% 5% 5% 5% 8% 8% 9% 9% 7%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 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 ・Standalone data
Average Daily Toll Collection - Omalur-Salem-Namakkal (MVR)
INR Mn ・Standalone data
Average Daily Toll Collection - Pathankot Amritsar (PA)
INR Mn ・Standalone data
Average Daily Toll Collection - Tumkur Chitradurga (TC)
INR Mn ・Standalone data
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)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls