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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IRB Infrastructure Developers Ltd

About the Company - IRB Infrastructure Developers Ltd

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. 2599.68 Cr. and Equity Capital is Rs. 603.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringOffice No. 1101, 11th Floor, Mumbai Maharashtra 400076info@irb.co.in
http://www.irb.co.in
Management
NamePosition Held
Mr. Virendra D MhaiskarChairman & Managing Director
Mrs. Deepali V MhaiskarWhole Time Director
Mr. Ravindra DhariwalNon Executive Director
Mr. Jose Tamariz Martel GoncerNon Executive Director
Ms. Priti SavlaIndependent Director
Mr. Chandrashekhar S KaptanIndependent Director
Mr. Sunil H TalatiIndependent Director
Mr. Sandeep J ShahIndependent Director

Basic Stock Data of IRB Infrastructure Developers Ltd

Last Updated: June 25, 2024, 10:37 pm

Market Cap 39,670 Cr.
Current Price 65.7
High / Low78.2/25.0
Stock P/E65.5
Book Value 22.8
Dividend Yield0.46 %
ROCE9.00 %
ROE4.47 %
Face Value 1.00
PEG Ratio-3.96

IRB Infrastructure Developers Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,5471,6061,6261,4651,2791,4341,9251,3431,5141,6201,6341,7451,969
Expenses8468759607836378528977027828989101,0261,150
Operating Profit7017316666826425811,027641732722724719819
OPM %45%46%41%47%50%41%53%48%48%45%44%41%42%
Other Income4845453921924971965679111130109
Interest441451468477547399385389367373381435433
Depreciation191177136165192189203192215222237233251
Profit before tax11614710779121242510155206205217182243
Tax %40%34%33%47%40%28%29%45%31%37%38%47%23%
Net Profit69977242731743638514113013496187
EPS in Rs0.200.280.200.120.120.290.600.140.230.220.220.160.31

Last Updated: June 11, 2024, 2:51 am

IRB Infrastructure Developers Ltd Quarterly Chart

IRB Infrastructure Developers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,1333,6873,7323,8495,1285,8465,6946,7076,8525,2995,8046,4026,513
Expenses1,7572,0481,9731,6312,4612,7893,0053,7633,8872,9473,2293,2713,616
Operating Profit1,3761,6391,7592,2182,6673,0572,6892,9442,9652,3522,5753,1302,898
OPM %44%44%47%58%52%52%47%44%43%44%44%49%44%
Other Income123133120113127123295196252189552300376
Interest5506247609371,0701,3429761,1261,5741,6971,8941,5211,556
Depreciation297442477707853855544540468582683832907
Profit before tax6517076426868709841,4641,4731,1752625501,077810
Tax %24%22%28%21%26%27%37%42%39%55%34%33%
Net Profit496554460542640715920850721117361720501
EPS in Rs1.491.671.381.541.822.042.622.422.050.330.601.190.83
Dividend Payout %12%24%29%26%22%25%19%10%24%0%0%111%

IRB Infrastructure Developers Ltd Profit & Loss Yearly Chart

IRB Infrastructure Developers Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:2%
3 Years:12%
TTM:16%
Compounded Profit Growth
10 Years:3%
5 Years:-6%
3 Years:74%
TTM:-14%
Stock Price CAGR
10 Years:11%
5 Years:46%
3 Years:60%
1 Year:149%
Return on Equity
10 Years:8%
5 Years:5%
3 Years:5%
Last Year:4%

Last Updated: June 21, 2024, 5:18 pm

IRB Infrastructure Developers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital332332332351351351351351351351604604604
Reserves2,5242,9233,2284,0094,4854,9205,3415,9646,3316,54911,96212,77512,989
Borrowings7,0728,77611,08412,57615,62613,96313,83216,5999,20519,21916,69716,74818,097
Other Liabilities9291,0341,05922,45321,69927,40620,86517,54923,99715,05213,21812,57512,442
Total Liabilities10,85813,06615,70439,39142,16246,64140,38940,46439,88541,17142,48142,70344,132
Fixed Assets5,5545,5098,55431,76435,14924,38831,07132,94327,67127,10227,27126,48026,035
CWIP2,4454,9164,4874,8354,0206,8065,6483,7974036736388
Investments1462159361469456454,1464,7994,9045,1417,940
Other Assets2,8452,5792,6482,7832,95715,3012,7243,0797,6668,59710,24311,07410,148
Total Assets10,85813,06615,70439,39142,16246,64140,38940,46439,88541,17142,48142,70344,132

IRB Infrastructure Developers Ltd Reserves and Borrowings Chart

IRB Infrastructure Developers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,1101,4451,6551,8232,3403,1922,1322,7103,7098673641,764
Cash from Investing Activity -2,673-2,243-2,394-2,297-3,144-2,981-2,621-4,081-4,932-8,176-1,553-650
Cash from Financing Activity 1,758699925475671-2024101,4381,3887,520589-860
Net Cash Flow195-991862-1339-7966165211-601253

IRB Infrastructure Developers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2110148623236293
Inventory Days193195218304277294246261
Days Payable244296196304622654296438
Cash Conversion Cycle2-49-101221486-321-33613-84
Working Capital Days7-65-62-105-76-86-320-193-453-1779145
ROCE %14%12%10%10%10%12%12%12%14%9%9%9%

IRB Infrastructure Developers Ltd Financial Efficiency Indicators Chart

IRB Infrastructure Developers Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.46%58.46%34.02%34.02%34.20%34.20%34.20%34.20%34.21%34.39%34.39%34.39%
FIIs14.41%13.34%48.15%48.79%48.65%48.76%48.58%48.52%48.37%47.29%47.16%47.21%
DIIs13.53%13.01%5.70%6.14%6.50%6.69%6.71%6.98%6.98%7.38%7.85%7.78%
Government0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public13.60%15.18%12.12%11.05%10.64%10.34%10.50%10.28%10.43%10.94%10.59%10.59%
No. of Shareholders1,10,4571,30,1611,53,2191,36,5721,39,5121,38,6051,53,3522,03,6542,40,2583,31,1404,65,2828,68,966

IRB Infrastructure Developers Ltd Shareholding Pattern Chart

No. of IRB Infrastructure Developers Ltd Shareholders

IRB Infrastructure Developers Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund91,488,0743.22306.49875,9972024-06-2410343.88%
Quant Active Fund49,485,4002.74165.78875,9972024-06-245549.04%
SBI Long Term Equity Fund27,305,6200.5891.47875,9972024-06-243017.09%
Quant Infrastructure Fund19,992,0006.7466.97875,9972024-06-242182.2%
Quant Tax Plan12,000,0000.8140.2875,9972024-06-241269.87%
Quant Value Fund11,619,8905.0838.93875,9972024-06-241226.48%
HDFC Balanced Advantage Fund - Regular Plan11,358,8100.0638.05875,9972024-06-241196.67%
Quant Flexi Cap Fund9,815,0001.5232.88875,9972024-06-241020.44%
Nippon India Nifty Smallcap 250 Index Fund875,9970.412.93875,9972024-06-240%
Motilal Oswal Nifty Smallcap 250 Index Fund549,9910.411.84875,9972024-06-24-37.22%

IRB Infrastructure Developers Ltd ROCE Trend

IRB Infrastructure Developers Ltd EPS Trend

IRB Infrastructure Developers Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)1.001.198.693.3320.51
Diluted EPS (Rs.)1.001.198.693.3320.51
Cash EPS (Rs.)3.172.7521.0424.6034.29
Book Value[Excl.RevalReserv]/Share (Rs.)22.7622.15208.07196.35190.15
Book Value[Incl.RevalReserv]/Share (Rs.)22.7622.15208.07196.35190.15
Revenue From Operations / Share (Rs.)12.2710.6096.10150.76194.97
PBDIT / Share (Rs.)6.835.8555.4676.8790.09
PBIT / Share (Rs.)5.184.4744.1560.3276.77
PBT / Share (Rs.)2.101.9612.8512.1633.89
Net Profit / Share (Rs.)1.521.379.738.0520.96
NP After MI And SOA / Share (Rs.)1.001.195.983.3320.51
PBDIT Margin (%)55.6655.1557.7050.9846.20
PBIT Margin (%)42.2442.1545.9440.0039.37
PBT Margin (%)17.0918.4913.368.0617.38
Net Profit Margin (%)12.4212.9110.125.3310.75
NP After MI And SOA Margin (%)8.1711.246.222.2110.52
Return on Networth / Equity (%)4.405.382.871.6910.78
Return on Capital Employeed (%)7.637.016.715.899.96
Return On Assets (%)1.341.680.840.281.80
Long Term Debt / Equity (X)1.231.061.232.390.96
Total Debt / Equity (X)1.361.251.332.621.28
Asset Turnover Ratio (%)0.160.150.090.100.14
Current Ratio (X)1.241.621.781.050.35
Quick Ratio (X)1.161.551.670.980.32
Inventory Turnover Ratio (X)1.371.360.000.000.00
Dividend Payout Ratio (NP) (%)0.0010.480.000.000.00
Dividend Payout Ratio (CP) (%)0.004.860.000.000.00
Earning Retention Ratio (%)0.0089.520.000.000.00
Cash Earning Retention Ratio (%)0.0095.140.000.000.00
Interest Coverage Ratio (X)2.212.331.771.602.02
Interest Coverage Ratio (Post Tax) (X)1.491.551.311.171.43
Enterprise Value (Cr.)52220.5829492.5130132.5319564.618117.80
EV / Net Operating Revenue (X)7.054.615.193.691.18
EV / EBITDA (X)12.668.359.007.242.56
MarketCap / Net Operating Revenue (X)4.772.372.620.720.27
Retention Ratios (%)0.0089.510.000.000.00
Price / BV (X)2.571.131.210.550.27
Price / Net Operating Revenue (X)4.772.372.620.720.27
EarningsYield0.010.040.020.030.38

IRB Infrastructure Developers Ltd Profitability Ratios (%)

IRB Infrastructure Developers Ltd Liquidity Ratios

IRB Infrastructure Developers Ltd Liquidity Ratios (%)

IRB Infrastructure Developers Ltd Interest Coverage Ratios (%)

IRB Infrastructure Developers Ltd Valuation Ratios

Fair Value

Fair Value: 67.06

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.

Undervalued: 2.07% compared to the current price 65.7

Intrinsic Value: 55.97

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 14.81% compared to the current price ₹65.7

Last 5 Year EPS CAGR: -16.54%

*Investments are subject to market risks

Strength and Weakness of IRB Infrastructure Developers Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -95.50, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -69.58, which is a positive sign.
  3. The company has shown consistent growth in sales (4.69 cr) and profit (474.31 cr) over the years.
  1. The stock has a low average ROCE of 11.08%, which may not be favorable.
  2. The company has higher borrowings (13,807.23) compared to reserves (6,461.54), which may suggest financial risk.

FAQ

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

The latest fair value of IRB Infrastructure Developers Ltd is ₹67.06.

What is the Market Cap of IRB Infrastructure Developers Ltd?

The Market Cap of IRB Infrastructure Developers Ltd is 39,670 Cr..

What is the current Stock Price of IRB Infrastructure Developers Ltd as on 25 June 2024?

The current stock price of IRB Infrastructure Developers Ltd as on 25 June 2024 is ₹65.7.

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

In FY 2024, the High / Low of IRB Infrastructure Developers Ltd stocks is 78.2/25.0.

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

The Stock P/E of IRB Infrastructure Developers Ltd is 65.5.

What is the Book Value of IRB Infrastructure Developers Ltd?

The Book Value of IRB Infrastructure Developers Ltd is 22.8.

What is the Dividend Yield of IRB Infrastructure Developers Ltd?

The Dividend Yield of IRB Infrastructure Developers Ltd is 0.46 %.

What is the ROCE of IRB Infrastructure Developers Ltd?

The ROCE of IRB Infrastructure Developers Ltd is 9.00 %.

What is the ROE of IRB Infrastructure Developers Ltd?

The ROE of IRB Infrastructure Developers Ltd is 4.47 %.

What is the Face Value of IRB Infrastructure Developers Ltd?

The Face Value of IRB Infrastructure Developers Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IRB Infrastructure Developers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE