IRB Infrastructure Developers Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:43 pm

Market Cap	26,880 Cr.
Current Price	44.5
High / Low	78.2/41.0
Stock P/E	36.0
Book Value	23.1
Dividend Yield	0.67 %
ROCE	8.96 %
ROE	4.38 %
Face Value	1.00
PEG Ratio	0.36

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for IRB Infrastructure Developers Ltd

Competitors of IRB Infrastructure Developers Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mount Housing & Infrastructure Ltd	9.53 Cr.	31.5	31.5/30.0		11.7	0.00 %	8.64 %	1.73 %	10.0
IRB Infrastructure Developers Ltd	26,880 Cr.	44.5	78.2/41.0	36.0	23.1	0.67 %	8.96 %	4.38 %	1.00
Ashoka Buildcon Ltd	5,317 Cr.	189	319/141	3.67	101	0.00 %	27.1 %	22.7 %	5.00
Ansal Properties & Infrastructure Ltd	78.4 Cr.	4.98	15.6/4.98		51.1	0.00 %	%	%	5.00
Ansal Housing Ltd	79.0 Cr.	11.4	26.8/9.65	5.24	22.4	0.00 %	12.6 %	2.84 %	10.0
Industry Average	12,329.67 Cr	166.06		18.03	76.38	0.12%	16.22%	9.61%	5.50

All Competitor Stocks of IRB Infrastructure Developers Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,279	1,434	1,925	1,343	1,514	1,620	1,634	1,745	1,969	2,061	1,853	1,586	2,025
Expenses	637	852	897	702	782	898	910	1,026	1,150	1,307	1,049	903	1,041
Operating Profit	642	581	1,027	641	732	722	724	719	819	755	804	683	984
OPM %	50%	41%	53%	48%	48%	45%	44%	41%	42%	37%	43%	43%	49%
Other Income	219	249	71	96	56	79	111	130	109	443	119	166	5,869
Interest	547	399	385	389	367	373	381	435	433	615	439	434	461
Depreciation	192	189	203	192	215	222	237	233	251	274	255	231	265
Profit before tax	121	242	510	155	206	205	217	182	243	309	229	183	6,127
Tax %	40%	28%	29%	45%	31%	37%	38%	47%	23%	39%	39%	46%	2%
Net Profit	73	174	363	85	141	130	134	96	187	189	140	100	6,026
EPS in Rs	0.12	0.29	0.60	0.14	0.23	0.22	0.22	0.16	0.31	0.31	0.23	0.17	9.98

Last Updated: February 28, 2025, 7:11 pm

Below is a detailed analysis of the quarterly data for IRB Infrastructure Developers Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹2,025.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,586.00 Cr. (Sep 2024) to ₹2,025.00 Cr., marking an increase of ₹439.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,041.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 903.00 Cr. (Sep 2024) to ₹1,041.00 Cr., marking an increase of ₹138.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹984.00 Cr.. The value appears strong and on an upward trend. It has increased from 683.00 Cr. (Sep 2024) to ₹984.00 Cr., marking an increase of ₹301.00 Cr..
For OPM %, as of Dec 2024, the value is 49.00%. The value appears strong and on an upward trend. It has increased from 43.00% (Sep 2024) to 49.00%, marking an increase of 6.00%.
For Other Income, as of Dec 2024, the value is ₹5,869.00 Cr.. The value appears strong and on an upward trend. It has increased from 166.00 Cr. (Sep 2024) to ₹5,869.00 Cr., marking an increase of ₹5,703.00 Cr..
For Interest, as of Dec 2024, the value is ₹461.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 434.00 Cr. (Sep 2024) to ₹461.00 Cr., marking an increase of ₹27.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹265.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 231.00 Cr. (Sep 2024) to ₹265.00 Cr., marking an increase of ₹34.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹6,127.00 Cr.. The value appears strong and on an upward trend. It has increased from 183.00 Cr. (Sep 2024) to ₹6,127.00 Cr., marking an increase of ₹5,944.00 Cr..
For Tax %, as of Dec 2024, the value is 2.00%. The value appears to be improving (decreasing) as expected. It has decreased from 46.00% (Sep 2024) to 2.00%, marking a decrease of 44.00%.
For Net Profit, as of Dec 2024, the value is ₹6,026.00 Cr.. The value appears strong and on an upward trend. It has increased from 100.00 Cr. (Sep 2024) to ₹6,026.00 Cr., marking an increase of ₹5,926.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 9.98. The value appears strong and on an upward trend. It has increased from ₹0.17 (Sep 2024) to 9.98, marking an increase of ₹9.81.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 7:53 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,687	3,732	3,849	5,128	5,846	5,694	6,707	6,852	5,299	5,804	6,402	7,409	7,525
Expenses	2,048	1,973	1,631	2,461	2,789	3,005	3,763	3,887	2,947	3,229	3,271	4,387	4,300
Operating Profit	1,639	1,759	2,218	2,667	3,057	2,689	2,944	2,965	2,352	2,575	3,130	3,022	3,225
OPM %	44%	47%	58%	52%	52%	47%	44%	43%	44%	44%	49%	41%	43%
Other Income	133	120	113	127	123	295	196	252	189	552	300	793	6,597
Interest	624	760	937	1,070	1,342	976	1,126	1,574	1,697	1,894	1,521	1,868	1,949
Depreciation	442	477	707	853	855	544	540	468	582	683	832	995	1,026
Profit before tax	707	642	686	870	984	1,464	1,473	1,175	262	550	1,077	951	6,848
Tax %	22%	28%	21%	26%	27%	37%	42%	39%	55%	34%	33%	36%
Net Profit	554	460	542	640	715	920	850	721	117	361	720	606	6,455
EPS in Rs	1.67	1.38	1.54	1.82	2.04	2.62	2.42	2.05	0.33	0.60	1.19	1.00	10.69
Dividend Payout %	24%	29%	26%	22%	25%	19%	10%	24%	-0%	-0%	17%	30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-16.97%	17.83%	18.08%	11.72%	28.67%	-7.61%	-15.18%	-83.77%	208.55%	99.45%	-15.83%
Change in YoY Net Profit Growth (%)	0.00%	34.79%	0.26%	-6.36%	16.95%	-36.28%	-7.57%	-68.60%	292.32%	-109.10%	-115.28%

IRB Infrastructure Developers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	2%
3 Years:	12%
TTM:	8%

Compounded Profit Growth
10 Years:	3%
5 Years:	-7%
3 Years:	72%
TTM:	36%

Stock Price CAGR
10 Years:	7%
5 Years:	42%
3 Years:	25%
1 Year:	-27%

Return on Equity
10 Years:	8%
5 Years:	5%
3 Years:	5%
Last Year:	4%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:32 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	332	332	351	351	351	351	351	351	351	604	604	604	604
Reserves	2,923	3,228	4,009	4,485	4,920	5,341	5,964	6,331	6,549	11,962	12,775	13,141	13,332
Borrowings	8,776	11,084	12,576	15,626	13,963	13,832	16,599	9,205	19,219	16,697	16,748	18,653	18,838
Other Liabilities	1,034	1,059	22,453	21,699	27,406	20,865	17,549	23,997	15,052	13,218	12,575	12,472	12,048
Total Liabilities	13,066	15,704	39,391	42,162	46,641	40,389	40,464	39,885	41,171	42,481	42,703	44,870	44,822
Fixed Assets	5,509	8,554	31,764	35,149	24,388	31,071	32,943	27,671	27,102	27,271	26,480	25,514	25,106
CWIP	4,916	4,487	4,835	4,020	6,806	5,648	3,797	403	673	63	8	8	14
Investments	62	15	9	36	146	945	645	4,146	4,799	4,904	5,141	9,642	9,213
Other Assets	2,579	2,648	2,783	2,957	15,301	2,724	3,079	7,666	8,597	10,243	11,074	9,706	10,489
Total Assets	13,066	15,704	39,391	42,162	46,641	40,389	40,464	39,885	41,171	42,481	42,703	44,870	44,822

Below is a detailed analysis of the balance sheet data for IRB Infrastructure Developers Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹604.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹604.00 Cr..
For Reserves, as of Sep 2024, the value is ₹13,332.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹13,141.00 Cr. (Mar 2024) to ₹13,332.00 Cr., marking an increase of 191.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹18,838.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹18,653.00 Cr. (Mar 2024) to ₹18,838.00 Cr., marking an increase of 185.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹12,048.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹12,472.00 Cr. (Mar 2024) to ₹12,048.00 Cr., marking a decrease of 424.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹44,822.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹44,870.00 Cr. (Mar 2024) to ₹44,822.00 Cr., marking a decrease of 48.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹25,106.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹25,514.00 Cr. (Mar 2024) to ₹25,106.00 Cr., marking a decrease of 408.00 Cr..
For CWIP, as of Sep 2024, the value is ₹14.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹8.00 Cr. (Mar 2024) to ₹14.00 Cr., marking an increase of 6.00 Cr..
For Investments, as of Sep 2024, the value is ₹9,213.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹9,642.00 Cr. (Mar 2024) to ₹9,213.00 Cr., marking a decrease of 429.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹10,489.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹9,706.00 Cr. (Mar 2024) to ₹10,489.00 Cr., marking an increase of 783.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹44,822.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹44,870.00 Cr. (Mar 2024) to ₹44,822.00 Cr., marking a decrease of 48.00 Cr..

However, the Borrowings (18,838.00 Cr.) are higher than the Reserves (₹13,332.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1,445	1,655	1,823	2,340	3,192	2,132	2,710	3,709	867	364	1,764	4,054
Cash from Investing Activity +	-2,243	-2,394	-2,297	-3,144	-2,981	-2,621	-4,081	-4,932	-8,176	-1,553	-650	-3,644
Cash from Financing Activity +	699	925	475	671	-202	410	1,438	1,388	7,520	589	-860	-477
Net Cash Flow	-99	186	2	-133	9	-79	66	165	211	-601	253	-68

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-7.00	-10.00	-10.00	-13.00	-10.00	-11.00	-14.00	-7.00	-17.00	-14.00	-13.00	-15.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	1	1	0	1	4	8	6	23	23	62	93	37
Inventory Days	193	195	218	304				277	294	246	261	263
Days Payable	244	296	196	304				622	654	296	438	607
Cash Conversion Cycle	-49	-101	22	1	4	8	6	-321	-336	13	-84	-306
Working Capital Days	-65	-62	-105	-76	-86	-320	-193	-453	-17	79	145	35
ROCE %	12%	10%	10%	10%	12%	12%	12%	14%	9%	9%	9%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	34.02%	34.20%	34.20%	34.20%	34.20%	34.21%	34.39%	34.39%	34.39%	30.42%	30.42%	30.42%
FIIs	48.79%	48.65%	48.76%	48.58%	48.52%	48.37%	47.29%	47.16%	47.21%	44.47%	45.99%	45.07%
DIIs	6.14%	6.50%	6.69%	6.71%	6.98%	6.98%	7.38%	7.85%	7.78%	7.65%	8.10%	8.57%
Government	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	11.05%	10.64%	10.34%	10.50%	10.28%	10.43%	10.94%	10.59%	10.59%	17.46%	15.49%	15.92%
No. of Shareholders	1,36,572	1,39,512	1,38,605	1,53,352	2,03,654	2,40,258	3,31,140	4,65,282	8,68,966	16,98,570	17,17,191	17,17,295

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Small Cap Fund	91,488,074	3.22	306.49	49,485,400	2025-03-08	84.88%
Quant Active Fund	49,485,400	2.74	165.78	49,485,400	2025-03-08	0%
SBI Long Term Equity Fund	27,305,620	0.58	91.47	49,485,400	2025-03-08	-44.82%
Quant Infrastructure Fund	19,992,000	6.74	66.97	49,485,400	2025-03-08	-59.6%
Quant Tax Plan	12,000,000	0.81	40.2	49,485,400	2025-03-08	-75.75%
Quant Value Fund	11,619,890	5.08	38.93	49,485,400	2025-03-08	-76.52%
HDFC Balanced Advantage Fund - Regular Plan	11,358,810	0.06	38.05	49,485,400	2025-03-08	-77.05%
Quant Flexi Cap Fund	9,815,000	1.52	32.88	49,485,400	2025-03-08	-80.17%
Nippon India Nifty Smallcap 250 Index Fund	875,997	0.41	2.93	49,485,400	2025-03-08	-98.23%
Motilal Oswal Nifty Smallcap 250 Index Fund	549,991	0.41	1.84	49,485,400	2025-03-08	-98.89%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.00	1.19	8.69	3.33	20.51
Diluted EPS (Rs.)	1.00	1.19	8.69	3.33	20.51
Cash EPS (Rs.)	3.17	2.75	21.04	24.60	34.29
Book Value[Excl.RevalReserv]/Share (Rs.)	22.76	22.15	208.07	196.35	190.15
Book Value[Incl.RevalReserv]/Share (Rs.)	22.76	22.15	208.07	196.35	190.15
Revenue From Operations / Share (Rs.)	12.27	10.60	96.10	150.76	194.97
PBDIT / Share (Rs.)	6.83	5.85	55.46	76.87	90.09
PBIT / Share (Rs.)	5.18	4.47	44.15	60.32	76.77
PBT / Share (Rs.)	2.10	1.96	12.85	12.16	33.89
Net Profit / Share (Rs.)	1.52	1.37	9.73	8.05	20.96
NP After MI And SOA / Share (Rs.)	1.00	1.19	5.98	3.33	20.51
PBDIT Margin (%)	55.66	55.15	57.70	50.98	46.20
PBIT Margin (%)	42.24	42.15	45.94	40.00	39.37
PBT Margin (%)	17.09	18.49	13.36	8.06	17.38
Net Profit Margin (%)	12.42	12.91	10.12	5.33	10.75
NP After MI And SOA Margin (%)	8.17	11.24	6.22	2.21	10.52
Return on Networth / Equity (%)	4.40	5.38	2.87	1.69	10.78
Return on Capital Employeed (%)	7.63	7.01	6.71	5.89	9.96
Return On Assets (%)	1.34	1.68	0.84	0.28	1.80
Long Term Debt / Equity (X)	1.23	1.06	1.23	2.39	0.96
Total Debt / Equity (X)	1.36	1.25	1.33	2.62	1.28
Asset Turnover Ratio (%)	0.16	0.15	0.09	0.10	0.14
Current Ratio (X)	1.24	1.62	1.78	1.05	0.35
Quick Ratio (X)	1.16	1.55	1.67	0.98	0.32
Inventory Turnover Ratio (X)	1.37	1.36	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	27.41	10.48	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	10.37	4.86	0.00	0.00	0.00
Earning Retention Ratio (%)	72.59	89.52	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	89.63	95.14	0.00	0.00	0.00
Interest Coverage Ratio (X)	2.21	2.33	1.77	1.60	2.02
Interest Coverage Ratio (Post Tax) (X)	1.49	1.55	1.31	1.17	1.43
Enterprise Value (Cr.)	52220.58	29492.51	30132.53	19564.61	8117.80
EV / Net Operating Revenue (X)	7.05	4.61	5.19	3.69	1.18
EV / EBITDA (X)	12.66	8.35	9.00	7.24	2.56
MarketCap / Net Operating Revenue (X)	4.77	2.37	2.62	0.72	0.27
Retention Ratios (%)	72.58	89.51	0.00	0.00	0.00
Price / BV (X)	2.57	1.13	1.21	0.55	0.27
Price / Net Operating Revenue (X)	4.77	2.37	2.62	0.72	0.27
EarningsYield	0.01	0.04	0.02	0.03	0.38

After reviewing the key financial ratios for IRB Infrastructure Developers Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 1.00. This value is below the healthy minimum of 5. It has decreased from 1.19 (Mar 23) to 1.00, marking a decrease of 0.19.
For Diluted EPS (Rs.), as of Mar 24, the value is 1.00. This value is below the healthy minimum of 5. It has decreased from 1.19 (Mar 23) to 1.00, marking a decrease of 0.19.
For Cash EPS (Rs.), as of Mar 24, the value is 3.17. This value is within the healthy range. It has increased from 2.75 (Mar 23) to 3.17, marking an increase of 0.42.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 22.76. It has increased from 22.15 (Mar 23) to 22.76, marking an increase of 0.61.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 22.76. It has increased from 22.15 (Mar 23) to 22.76, marking an increase of 0.61.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 12.27. It has increased from 10.60 (Mar 23) to 12.27, marking an increase of 1.67.
For PBDIT / Share (Rs.), as of Mar 24, the value is 6.83. This value is within the healthy range. It has increased from 5.85 (Mar 23) to 6.83, marking an increase of 0.98.
For PBIT / Share (Rs.), as of Mar 24, the value is 5.18. This value is within the healthy range. It has increased from 4.47 (Mar 23) to 5.18, marking an increase of 0.71.
For PBT / Share (Rs.), as of Mar 24, the value is 2.10. This value is within the healthy range. It has increased from 1.96 (Mar 23) to 2.10, marking an increase of 0.14.
For Net Profit / Share (Rs.), as of Mar 24, the value is 1.52. This value is below the healthy minimum of 2. It has increased from 1.37 (Mar 23) to 1.52, marking an increase of 0.15.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 1.00. This value is below the healthy minimum of 2. It has decreased from 1.19 (Mar 23) to 1.00, marking a decrease of 0.19.
For PBDIT Margin (%), as of Mar 24, the value is 55.66. This value is within the healthy range. It has increased from 55.15 (Mar 23) to 55.66, marking an increase of 0.51.
For PBIT Margin (%), as of Mar 24, the value is 42.24. This value exceeds the healthy maximum of 20. It has increased from 42.15 (Mar 23) to 42.24, marking an increase of 0.09.
For PBT Margin (%), as of Mar 24, the value is 17.09. This value is within the healthy range. It has decreased from 18.49 (Mar 23) to 17.09, marking a decrease of 1.40.
For Net Profit Margin (%), as of Mar 24, the value is 12.42. This value exceeds the healthy maximum of 10. It has decreased from 12.91 (Mar 23) to 12.42, marking a decrease of 0.49.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 8.17. This value is within the healthy range. It has decreased from 11.24 (Mar 23) to 8.17, marking a decrease of 3.07.
For Return on Networth / Equity (%), as of Mar 24, the value is 4.40. This value is below the healthy minimum of 15. It has decreased from 5.38 (Mar 23) to 4.40, marking a decrease of 0.98.
For Return on Capital Employeed (%), as of Mar 24, the value is 7.63. This value is below the healthy minimum of 10. It has increased from 7.01 (Mar 23) to 7.63, marking an increase of 0.62.
For Return On Assets (%), as of Mar 24, the value is 1.34. This value is below the healthy minimum of 5. It has decreased from 1.68 (Mar 23) to 1.34, marking a decrease of 0.34.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.23. This value exceeds the healthy maximum of 1. It has increased from 1.06 (Mar 23) to 1.23, marking an increase of 0.17.
For Total Debt / Equity (X), as of Mar 24, the value is 1.36. This value exceeds the healthy maximum of 1. It has increased from 1.25 (Mar 23) to 1.36, marking an increase of 0.11.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.16. It has increased from 0.15 (Mar 23) to 0.16, marking an increase of 0.01.
For Current Ratio (X), as of Mar 24, the value is 1.24. This value is below the healthy minimum of 1.5. It has decreased from 1.62 (Mar 23) to 1.24, marking a decrease of 0.38.
For Quick Ratio (X), as of Mar 24, the value is 1.16. This value is within the healthy range. It has decreased from 1.55 (Mar 23) to 1.16, marking a decrease of 0.39.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.37. This value is below the healthy minimum of 4. It has increased from 1.36 (Mar 23) to 1.37, marking an increase of 0.01.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 27.41. This value is within the healthy range. It has increased from 10.48 (Mar 23) to 27.41, marking an increase of 16.93.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.37. This value is below the healthy minimum of 20. It has increased from 4.86 (Mar 23) to 10.37, marking an increase of 5.51.
For Earning Retention Ratio (%), as of Mar 24, the value is 72.59. This value exceeds the healthy maximum of 70. It has decreased from 89.52 (Mar 23) to 72.59, marking a decrease of 16.93.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.63. This value exceeds the healthy maximum of 70. It has decreased from 95.14 (Mar 23) to 89.63, marking a decrease of 5.51.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.21. This value is below the healthy minimum of 3. It has decreased from 2.33 (Mar 23) to 2.21, marking a decrease of 0.12.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.49. This value is below the healthy minimum of 3. It has decreased from 1.55 (Mar 23) to 1.49, marking a decrease of 0.06.
For Enterprise Value (Cr.), as of Mar 24, the value is 52,220.58. It has increased from 29,492.51 (Mar 23) to 52,220.58, marking an increase of 22,728.07.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 7.05. This value exceeds the healthy maximum of 3. It has increased from 4.61 (Mar 23) to 7.05, marking an increase of 2.44.
For EV / EBITDA (X), as of Mar 24, the value is 12.66. This value is within the healthy range. It has increased from 8.35 (Mar 23) to 12.66, marking an increase of 4.31.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.77. This value exceeds the healthy maximum of 3. It has increased from 2.37 (Mar 23) to 4.77, marking an increase of 2.40.
For Retention Ratios (%), as of Mar 24, the value is 72.58. This value exceeds the healthy maximum of 70. It has decreased from 89.51 (Mar 23) to 72.58, marking a decrease of 16.93.
For Price / BV (X), as of Mar 24, the value is 2.57. This value is within the healthy range. It has increased from 1.13 (Mar 23) to 2.57, marking an increase of 1.44.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.77. This value exceeds the healthy maximum of 3. It has increased from 2.37 (Mar 23) to 4.77, marking an increase of 2.40.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 23) to 0.01, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of IRB Infrastructure Developers Ltd as of March 10, 2025 is: ₹29.33

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2025, IRB Infrastructure Developers Ltd is Overvalued by 34.09% compared to the current share price 44.50

Intrinsic Value of IRB Infrastructure Developers Ltd as of March 10, 2025 is: 58.80

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2025, IRB Infrastructure Developers Ltd is Undervalued by 32.13% compared to the current share price 44.50

Last 5 Year EPS CAGR: 100.49%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -93.17, which is a positive sign. The stock has a low average Cash Conversion Cycle of -95.25, which is a positive sign. The company has shown consistent growth in sales (5.08 cr) and profit (435.54 cr) over the years.	The stock has a low average ROCE of 10.67%, which may not be favorable. The company has higher borrowings (14,755.08) compared to reserves (7,304.62), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in IRB Infrastructure Developers Ltd:
1. Net Profit Margin: 12.42%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 7.63% (Industry Average ROCE: 16.22%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.4% (Industry Average ROE: 9.61%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.49
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.16
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 36 (Industry average Stock P/E: 18.03)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.36
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

IRB Infrastructure Developers Ltd. is a Public Limited Listed company incorporated on 27/07/1998 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65910MH1998PLC115967 and registration number is 115967. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company's Total Operating Revenue is Rs. 4826.03 Cr. and Equity Capital is Rs. 603.90 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	Office No. 1101, 11th Floor, Mumbai Maharashtra 400076	info@irb.co.in http://www.irb.co.in

Management
Name	Position Held
Mr. Virendra D Mhaiskar	Chairman & Managing Director
Mrs. Deepali V Mhaiskar	Whole Time Director
Mr. Ravindra Dhariwal	Non Executive Director
Mr. Jose Tamariz Martel Goncer	Non Executive Director
Ms. Priti Savla	Independent Director
Mr. Sandeep J Shah	Independent Director
Mr. Vijay N Bhatt	Independent Director
Mr. Bajarang Lal Gupta	Independent Director

FAQ

What is the latest intrinsic value of IRB Infrastructure Developers Ltd?

The latest intrinsic value of IRB Infrastructure Developers Ltd as on 10 March 2025 is ₹29.33, which is 34.09% lower than the current market price of 44.50, indicating the stock is overvalued by 34.09%. The intrinsic value of IRB Infrastructure Developers Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹26,880 Cr. and recorded a high/low of ₹78.2/41.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹13,332 Cr and total liabilities of ₹44,822 Cr.

What is the Market Cap of IRB Infrastructure Developers Ltd?

The Market Cap of IRB Infrastructure Developers Ltd is 26,880 Cr..

What is the current Stock Price of IRB Infrastructure Developers Ltd as on 10 March 2025?

The current stock price of IRB Infrastructure Developers Ltd as on 10 March 2025 is ₹44.5.

What is the High / Low of IRB Infrastructure Developers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of IRB Infrastructure Developers Ltd stocks is ₹78.2/41.0.

What is the Stock P/E of IRB Infrastructure Developers Ltd?

The Stock P/E of IRB Infrastructure Developers Ltd is 36.0.

What is the Book Value of IRB Infrastructure Developers Ltd?

The Book Value of IRB Infrastructure Developers Ltd is 23.1.

What is the Dividend Yield of IRB Infrastructure Developers Ltd?

The Dividend Yield of IRB Infrastructure Developers Ltd is 0.67 %.

What is the ROCE of IRB Infrastructure Developers Ltd?

The ROCE of IRB Infrastructure Developers Ltd is 8.96 %.

What is the ROE of IRB Infrastructure Developers Ltd?

The ROE of IRB Infrastructure Developers Ltd is 4.38 %.

What is the Face Value of IRB Infrastructure Developers Ltd?

The Face Value of IRB Infrastructure Developers Ltd is 1.00.