IRB Infrastructure Developers Ltd.

NSE: IRB BSE: 532947 SECTOR: Engineering - Construction

143.6
+0.3 (0.21%)
NSE: 18 Jun 03:57 PM

Price Summary

Today's High

₹ 147.8

Today's Low

₹ 135.5

52 Week High

₹ 160.65

52 Week Low

₹ 70.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

5046.82 Cr.

Enterprise Value

11833.27 Cr.

No. of Shares

35.15 Cr.

P/E

26.77

P/B

1.77

Face Value

₹ 10

Div. Yield

3.44%

Book Value (TTM)

₹  81.27

CASH

1255.79 Cr.

DEBT

8042.24 Cr.

Promoter Holding

58.61%

EPS (TTM)

₹  5.36

Sales Growth

17.93%

ROE

10.74 %

ROCE

7.75 %

Profit Growth

-15.08 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

Sales Growth

1 Year17.93%
3 Year5.27%
5 Year15.32%

Profit Growth

1 Year-15.08%
3 Year11.17%
5 Year15.08%

ROE%

1 Year10.74%
3 Year13.75%
5 Year12.5%

ROCE %

1 Year7.75%
3 Year9.16%
5 Year10.1%

Debt/Equity

3.1342780311002

Price to Cash Flow

-11.87

Interest Cover Ratio

2.13866441522937

CFO/PAT (5 Yr. Avg.)

0.0437430324650775

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 58.61 17.31
Dec 2020 58.61 17.31
Sep 2020 58.01 17.48
Jun 2020 57.74 17.57
Mar 2020 57.69 17.58
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of -38.2659250253211 days.

 Limitations

  • The company has shown a poor revenue growth of 5.27216180996604% for the Past 3 years.
  • Company has high Debt to Equity ratio of 3.1342780311002.
  • Company has negative cash flow from operations of -425.084.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Net Sales 953.55 628.26 689.92 816.61 615.49
Total Expenditure 805.89 552.92 608.5 694.62 519.44
Operating Profit 147.65 75.34 81.42 121.99 96.05
Other Income 36.57 23.72 202.78 26.39 66.89
Interest 105.36 76.17 130.26 136.7 148.8
Depreciation 0 0 0 0 0
Exceptional Items -1.65 0 0 0 0
Profit Before Tax 77.21 22.89 153.93 11.68 14.14
Tax 20.14 6.27 -5.9 3.54 10.24
Profit After Tax 57.08 16.63 159.83 8.15 3.9
Adjusted EPS (Rs) 1.62 0.47 4.55 0.23 0.11

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 2773.57 3421.5 2900 3384.78 3991.69
Total Expenditure 2537.66 3047.24 2580.1 2932.94 3469.11
Operating Profit 235.91 374.26 319.9 451.84 522.58
Other Income 393.32 223.41 426.48 238.71 170.6
Interest 280.39 305.73 230.52 230.42 323.35
Depreciation 0 0 0 0 0
Exceptional Items 0 0 0 0 -1.65
Profit Before Tax 348.84 291.93 515.86 460.12 368.19
Tax 56.8 88.69 71.76 131.35 88.98
Net Profit 292.04 203.24 444.1 328.77 279.2
Adjusted EPS (Rs.) 8.31 5.78 12.64 9.35 7.94

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 351.45 351.45 351.45 351.45 351.45
Total Reserves 2020.91 2153.91 2157.92 2281.27 2214.45
Borrowings 1184 1600.55 957.01 918.25 1473.02
Other N/C liabilities 675.56 3.01 1.73 1.62 1.65
Current liabilities 3756.53 5156.2 7165.97 6460.1 9068.77
Total Liabilities 7988.45 9265.13 10634.08 10012.69 13109.34
Assets
Net Block 0 0 0 0 0
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 2466.45 5356.64 5794.26 6405.4 6437.23
Loans & Advances 2839.49 4.29 4.73 2.58 2.57
Other N/C Assets 21.41 3.93 4.16 9.53 2490.67
Current Assets 2661.1 3900.26 4830.93 3595.17 4178.87
Total Assets 7988.45 9265.13 10634.08 10012.69 13109.34
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit from operations 348.84 291.93 515.86 460.12 368.19
Adjustment -149.72 43.29 -199.58 -5.7 150.46
Changes in Assets & Liabilities 386.97 353.73 -1967.02 682.53 -797.63
Tax Paid -50.08 -69.71 -76.48 -72.22 -146.1
Operating Cash Flow 536.02 619.25 -1727.22 1064.73 -425.08
Investing Cash Flow -436.54 -1031 458.87 52.16 -2362.39
Financing Cash Flow -63.61 382.39 1261.86 -1116.71 3124
Net Cash Flow 35.87 -29.37 -6.48 0.17 336.52

Corporate Actions

Investors Details

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Promoters 57.69 57.74 58.01 58.61 58.61
DATTATRAY PANDURANG MHAIS... 0.14 0.14 0.14 0.14 0.14
MHAISKAR VENTURES PRIVATE... 56.74 56.74 56.74 56.74 56.74
DEEPALI VIRENDRA MHAISKAR... 0.46 0.46 0.46 0.46 0.46
VIRENDRA D MHAISKAR 0.22 0.26 0.54 1.13 1.13
SUDHA DATTATRAY MHAISKAR 0.03 0.03 0.03 0.03 0.03
DSM PROJECTS PRIVATE LIMI... 0.05 0.05 0.05 0.05 0.05
SDM VENTURES PRIVATE LIMI... 0.05 0.05 0.05 0.05 0.05
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Public 13.32 16.71 15.29 13.67 14.86
IEPF 0.01 0.01 0.01 0.01 0.01
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
FII/DII 28.99 25.55 26.7 27.73 26.53
GOVERNMENT OF SINGAPORE 3.35 3.35 3.92 3.92 3.92
LIFE INSURANCE CORPORATIO... 3.81 3.81 5.27 5.99 6.58
MONETARY AUTHORITY OF SIN... 1.04 1.04 1.12 1.12 1.12
PLATINUM ASIA FUND 0 0 0 0 0
SBI MAGNUM TAXGAIN SCHEME... 0 0 0 0 0
ADITYA BIRLA SUN LIFE TRU... 3.14 2.13 2.17 1.84 0
ADITYA BIRLA SUN LIFE TRU... 0 0 0 0 0
HDFC TRUSTEE COMPANY LTD.... 1.22 1.21 0 0 0
NORDEA 1 SICAV - STABLE E... 0 0 0 0 0
SBI LONG TERM EQUITY FUND... 3.46 3.46 2.94 2.94 2.94
KUWAIT INVESTMENT AUTHORI... 0 0 0 1.43 1.43
ADITYA BIRLA SUN LIFE TRU... 0 0 0 0 1.26

Ratings & Research Reports

Company Presentations

Company News

IRB Infrastructure Developers’ arm inks pact with NHAI 15 Jun 2021, 11:57AM IRB Infrastructure Developers’ arm executes Concession agreement with NHAI15 Jun 2021, 11:25AM IRB Infrastructure Developers informs about certificate from debenture trustee28 May 2021, 2:25PM Care Rating revises IRB Infrastructure Developers’ NCDs rating 9 Apr 2021, 12:14PM IRB Infrastructure receives LoA from NHAI for hybrid annuity project in Himachal Pradesh5 Apr 2021, 9:12AM IRB Infrastructure closes FY21 with Rs 5,004 crore contracts 31 Mar 2021, 10:45AM IRB Infrastructure’s arm completes concession period of Thane Ghodbunder BOT Project25 Feb 2021, 10:07AM IRB Infrastructure Developers gets nod to raise Rs 2,184.55 crore via NCDs23 Feb 2021, 10:02AM IRB Infrastructure Developers informs about company updates10 Feb 2021, 10:13AM IRB Infrastructure Developers inks pact with India Toll Roads - Foreign Portfolio Investor10 Feb 2021, 9:42AM Acuite Ratings assigns rating to IRB Infrastructure Developers’ bank facilities9 Dec 2020, 11:43AM IRB Infrastructure receives completion certificate for Agra Etawah BOT Project25 Nov 2020, 10:43AM LIC hikes stake in IRB to 5.27% in September quarter24 Oct 2020, 9:50AM IRB Infrastructure’s SPV to start toll collection on Yedeshi Aurangabad highway25 Sep 2020, 11:57AM IRB Infrastructure’s arm executes concession agreement with NHAI 16 Sep 2020, 9:24AM IRB Infrastructure reports consolidated net loss of Rs 30 crore in Q1 25 Aug 2020, 12:15PM IRB Infrastructure receives LoA from NHAI for hybrid annuity project in Gujarat3 Aug 2020, 8:41AM IRB Infra emerges as preferred bidder for project in Gujarat29 Jul 2020, 2:48PM IRB Infrastructure Developers raises Rs 200 crore through NCDs18 Jul 2020, 9:10AM IRB Infrastructure emerges preferred bidder for Rs 2,193 crore project in West Bengal 11 Jul 2020, 8:48AM IRB Infrastructure Developers raises Rs 150 crore through NCDs9 Jul 2020, 8:59AM IRB Infrastructure Developers raises Rs 200 crore through NCDs3 Jul 2020, 9:24AM IRB Infrastructure Developers raises Rs 200 crore through NCDs30 Jun 2020, 9:17AM IRB Infrastructure’s SPV achieves Financial Closure for Mumbai-Pune Expressway project19 Jun 2020, 8:55AM IRB Infrastructure Developers raises Rs 300 crore via NCDs16 Jun 2020, 9:49AM IRB Infrastructure Developers raises Rs 200 crore through NCDs22 May 2020, 2:42PM IRB Infrastructure gets board’s approval for fund raising of up to Rs 2,500 crore27 Apr 2020, 10:04AM IRB Infrastructure Developers resumes toll collection20 Apr 2020, 2:25PM

IRB Infra.&Developer Stock Price Analysis and Quick Research Report. Is IRB Infra.&Developer an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). IRB Infra.&Developer has a PE ratio of 26.7347775830568 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. IRB Infra.&Developer has ROA of 2.41503048154039 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. IRB Infra.&Developer has a Current ratio of 0.460798304863087 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. IRB Infra.&Developer has a ROE of 10.7413849285445 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. IRB Infra.&Developer has a D/E ratio of 3.1342780311002 which means that the company has high proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. IRB Infra.&Developer has an Inventory turnover ratio of 0 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - IRB Infra.&Developer has reported revenue growth of 17.9307634924035 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of IRB Infra.&Developer for the current financial year is 13.0916947228631 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for IRB Infra.&Developer is Rs 5 and the yield is 3.4904 %.

 

Brief about IRB Infra.&Developer

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