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IRB Infrastructure Developers Ltd Performance

Today's Low
67.65
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Today's High
70.25
52 Wk Low
24.95
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52 Wk High
73.10


Open

69.35

Traded Value (Cr)

147.91 Cr

Prev. Close

69.35

VWAP

68.92

Volume

3,12,57,424

Face Value

1

IRB Infrastructure Developers Ltd Fundamentals

Market Cap
₹ 42,472 Cr
P/E Ratio (TTM)
77.29
P/B Ratio
3.12
Debt to Equity
1.33
ROE
3.69 %
EPS (TTM)
0.91
Dividend Yield
0.28%
Book Value
22.51

Click here to know more about Fundamentals

IRB Infrastructure Developers Ltd Financials

IRB Infrastructure Developers Ltd Financials

IRB Infrastructure Developers Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
FII 47.16 % 47.28 % 48.37 % 48.53 %
Promoters 34.39 % 34.39 % 34.21 % 34.20 %
Retail 8.50 % 8.56 % 7.52 % 7.38 %
Others 6.02 % 5.85 % 6.24 % 6.24 %
Mutual Funds 3.92 % 3.91 % 3.65 % 3.65 %

FII

47.16%

Promoters

34.39%

Retail

8.50%

Others

6.02%

Mutual Funds

3.92%

FII

47.28%

Promoters

34.39%

Retail

8.56%

Others

5.85%

Mutual Funds

3.91%

FII

48.37%

Promoters

34.21%

Retail

7.52%

Others

6.24%

Mutual Funds

3.65%

FII

48.53%

Promoters

34.20%

Retail

7.38%

Others

6.24%

Mutual Funds

3.65%

Resistance and Support

₹59.35

PIVOT

resistance-arrow
Resistance
First Resistance₹60.250
Second Resistance₹61.100
Third Resistance₹62.000
support-arrow
Support
First Resistance₹58.500
Second Resistance₹57.600
Third Resistance₹56.750
RSI80.786
MACD5.635
ADX19.473
CCI109.010

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day31,257,4247,693,08835.39
Week58,147,38615,909,07333.80
1 Month28,346,99810,871,89040.55
6 Months31,257,42410,985,57335.15

About IRB Infrastructure Developers Ltd

IRB Infrastructure Developers Limited (IRB) is one of the leading infrastructure development companies in India in road and highway sector, with presence in Build-Operate-Transfer (BOT) and HAM space. The Company has a portfolio of 17 owned projects and 7 projects under O&M contracts as a project manager for IRB InvIT. Of the 17 owned projects, 7 projects are under operational BOT space; 3 under HAM space; 4 projects under Tolling & Construction, another 2 projects under advanced stages of construction and 1 project under development stage. IRB Infrastructure Developers Limited was incorporated in 27th July of the year 1998 to fund the capital requirements of the IRB Group initiatives in the infrastructure sector and to build up the capabilities in handling BOT (Build, operate and Transfer) projects. The Company undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. IRB's work spans from building of roads, highways, bridges, and tunnels, recently the company diversified its business into real estate development sector also. The Company had signed concession agreements for Thane Bhiwandi Bypass Phase II, Khambatki Ghat project and Kaman Paygaon project based on the BOT basis in inception year of 1998 itself. During 1999-2000, all of the above agreements had successfully completed. IRB made a joint venture agreement with Mudajaya Corporation of Malaysia to execute the NHAI (National Highways Authority India) funded contract for Ratanpur to Himmatnagar section of NH 8 for 54 kms in the year 2001 and in the same year the company had signed agreement for Ahmadnagar-Karmala-Temburni Road project on a BOT basis. In the year 2002, IRB had signed rehabilitation works contract with the NHAI for Vadodara-Surat section of NH 8 in Gujarat and also signed agreement for the Mohol-Kurul-Kamti-Mandrup road on a BOT basis both agreement signed in the month of May. Followed agreement where signed in the year of 2003, in the month of February concession agreement for the Pune Sholapur Project and in the month of August agreement for the Pune Nashik project the above agreement based on a BOT basis. The construction activities in the Ahmadnagar-Karmala-Temburni Road project and Thane Bhiwandi Bypass BOT project - Phase II were completed in the month of August and December respectively in the year 2003. During the year 2004, IRB emerged as the highest bidder for Mumbai-Pune Expressway project by making upfront payment of Rs. 918 crore to MSRDC (Maharashtra State Road Development Corporation) for concession rights for a period of 15 years in the month of August. The Company had signed concession agreement and financial closure of the Mumbai Pune Expressway project of Rs. 1,181.41 crore. IRB completed construction activities of the NH 4 and commencement of toll collection on the Mumbai - Pune Expressway. During the year of 2005, the company had signed agreement with the NHAI for the four-laning of (a) km 64-000 to km 94-000 and (b) Km 123 to km 153 of the Nagpur-Hyderabad section of NH 7 in the State of Maharashtra in the same year one more concession agreement was signed and financial closure of the Thane Ghodbunder project with financing of Rs.216.60 crore. In December the construction activities for Pune- Nashik project were completed. In the year 2006, IRB achieved financial closure of the Bharuch Surat project with financing of Rs. 1,210.95 crore. IRB formed a consortium with Deutsche Bank AG, Singapore to jointly pre-qualify for eight packages of four to six laning under NHDP in the month of January of the year 2007. In the same year IRB awarded the contract by the Ahmedabad Municipal Corporation (AMC) for the construction of Janmarg (Bus Rapid Transport System Project) from Narol Circle to Naroda Patiya in Ahmedabad for a total project cost of Rs. 132.99 crore. In the month of June, IRB awarded the funded contract from the same AMC for construction of Janmarg (Bus Rapid Transport System Project) from Pirana-Danilimada-Maninagar-Narol in Ahmedabad for a total project cost of Rs. 78.36 crore. In September of the year 2007, IRB granted 'pre-qualified' status that entitled the IRB Group to submit request for proposals for certain NHDP Phase V road infrastructure projects namely, the Chennai-Tada project on NH 5, the Gurgaon - Kotputli - Jaipur project on NH 8, the Surat - Dahisar project on NH 8, the Chilkaluripet - Vijayawada project on NH 5 and the Panipat - Jalandhar project on NH 1 and also in the same period, the company had acquired IRBPL, IRB Infra, NKT, TGTRPL and MIPL. IRB declared as successful bidder for the Projects of ' Six Lanning of Surat - Dahisar section of NH-8 from Km 263.00 to Km 502.00 (Length - 239 Km) in the state of Gujarat / Maharashtra to be executed as BOT Pattern under NHDP Phase - V' and Integrated Road Development Programme (IRDP) for Kolhapur City' in February of the year 2008. As at April 2008, the project had executed between NHAI and IRB Surat Dahisar Tollway Private Limited at New Delhi. In 2008, IRB Infrastructure Developers successfully raised Rs 944.57 crore through an initial public offer (IPO) which was priced at Rs 185 per share. In 2009, IRB Infrastructure Developers won its maiden airport project to set up a Greenfield airport at Sindhudurg in Maharashtra. During the year, the company won Surat - Dahisar Project, the first mega highway project of the country. The company was also awarded Integrated Road Development (IRD) programme in Kolhapur city. During the year, the company won 3 National Highways Authority of India (NHAI) Projects viz. Amritsar - Pathankot in Punjab, Talegaon - Amravati in Maharashtra and Jaipur - Deoli in Rajasthan.In 2010, the company won Tumkur Chitradurga BOT Project of NHAI on DBFOT pattern in the state of Karnataka. In 2011, the company was awarded 'Ahmedabad Vadodara Project', the First ever Ultra Mega project of NHAI on BOT basis & DBFOT pattern in the state of Gujarat. In 2013, the company was awarded Goa/Karnataka Border to Kundapur Project on NH-17 in the state of Karnataka. In 2014, IRB Infrastructure Developers acquired M.V.R. Infrastructure and Tollways Pvt. Ltd. During the year, IRB Infrastructure Developers was awarded 3 NHAI Projects on DBFOT Pattern viz. Soalpur - Yedeshi (Maharashtra), Yedeshi - Aurangabad (Maharashtra) and Kaithal - Rajasthan Border (Rajasthan). In 2015, IRB Infrastructure Developers successfully raised Rs 440 crore by way of QIP. During the year, the company won project of Six Laning of Agra - Etawah section of NH-2. In 2016, IRB Infrastructure Developers won 3 Six Laning Projects of NHAI on DBFOT Pattern in the state of Rajasthan viz. Udaipur to Gujarat Border section on NH-8, Gulabpura to Chittorgarh section on NH-79 and Kishangarh to Gulabpura section of NH-79. In 2017, IRB Infrastructure Developers achieved COD for Kaithal - Rajasthan Border four-laning highway project. It also executed Concession Agreement with NHAI for Kishangarh - Gulabpura Section of NH-79 & NH-79A. During the year, the company launched India's first ever Infrastructure Investment Trust Fund and raised Rs 5032 crore. In 2018, IRB Infrastructure Developers bagged Hapur - Moradabad Bypass Project of 99.867 Kms under BOT space in Uttar Pradesh, with cost outlay of Rs 3400 crore. The company also bagged another project of 23.74 Kms stretch on Vadodara - Mumbai Expressway in Gujarat under Hybrid Annuity (HAM) with cost outlay of Rs 2043 crore. During the year, the company bagged 2 projects aggregating 94.80 Kms in Tamil Nadu under Hybrid Annuity Model (HAM) with cost outlay of Rs 3492 crore. During the year, the company achieved COD for Solapur - Yedeshi four laning highway project in Maharashtra. During the financial year, the Board of Directors approved shifting of the Registered Office of the Company to Wing - A, 2nd Floor, Office No. 201, Universal Business Park, Chandivali Farm Road, Off Saki Vihar Road, Andheri (E), Mumbai 400 072, with effect from July 1, 2017, which is within the local limits of Mumbai city. The Board of Directors vide circular resolution dated March 30, 2018 approved shifting of the Registered Office of the Company to Office No. - 11th Floor / 1101, Hiranandani Knowledge Park, Technology Street, Hill Side Avenue, Opp. Hiranandani Hospital, Powai, Mumbai - 400 076 with effect from April 1, 2018, which is within the local limits of Mumbai. During the period 2018, the Trust acquired seven project assets from its sponsor, IRB Infrastructure Developers Limited and its Associates (six Projects acquired on May 9, 2017 and one Project on September 28, 2017) comprising of IDAA Infrastructure Limited (IDAA), IRB Talegaon Amravati Tollway Limited (IRBTA), IRB Jaipur Deoli Tollway Limited (IRBJD), IRB Surat Dahisar Tollway Limited (IRBSD), IRB Tumkur Chitradurga Tollway Limited (IRBTC), M.V.R Infrastructure and Tollways Limited (MVR) and IRB Pathankot Amritsar Toll Road Limited (IRBPA) from IRBIDL and its subsidiary Companies. Pursuant to Share Purchase Agreement(s) dated May 9, 2017, the Fund has acquired six projects i.e. IDAATL, ISDTL, ITATL, IJDTL, MITL and ITCTL from IRBIDL and its subsidiary companies. The investment for the said acquisition was raised through Initial Public Issue. The Board of Directors of Investment Manager of the Trust purchased 100% stake in Pathankot- Amritsar project of IRB Infrastructure Developers Ltd costing Rs. 1,569.33 Crores. On 9th May 2017, the Trust acquired an initial portfolio comprising the six Project special purpose vehicles (SPVs), all of which were wholly owned by the Sponsor and its subsidiaries. On 28th September 2017, the Trust further acquired its seventh project 'Pathankot Amritsar' on NH 15 in Punjab from the Sponsor and its subsidiary. IRB Surat Dahisar Tollway Limited has completed Concession Period of 'Six laning of Surat Dahisar section of NH 8 from Km. 263 to Km. 502, in the State of Gujarat and Maharashtra executed as BOT (Toll) on DBFO pattern under NHDP Phase V' ('Project') on May 25, 2022 and handed over the Project Highway including Project Assets to National Highways Authority of India (NHAI) in terms of the Concession Agreement. IDAA Infrastructure Limited has completed Concession Period of Six/Four laning of Km. 198/000 to 263/400, Bharuch-Surat section of NH-8 in Gujarat on Build, Operate & Transfer (BOT) basis - Package BOT 2 on March 31, 2022 and handed over the Project Highway including Project Assets to National Highways Authority of India (NHAI) in terms of the Concession Agreement. As of March 31, 2022; the Sponsor's portfolio comprises of 24 projects including 19 Build- Operate-Transfer (BOT), 1 TollOperate-Transfer (TOT) and 4 Hybrid Annuity Model (HAM) projects. In 2022-23, the Company implemented two projects, i.e. the upgradation project for 6 laning of NH27 from Samakhiyali to Santalpur costing Rs 2,132 Crores in Gujarat and Hyderabad Outer Ring Road project comprising an 8-lane highway TOT Project in Telangana costing Rs 7,380 Crores. During the year 2022-23, the Company incorporated one subsidiary Company i.e. Samakhiyali Tollway Private Limited. Further, in May 2023, the Company promoted one more subsidiary Company i.e. IRB Golconda Expressway Private Limited.

Managing Director

Founded

1998

NSE Symbol

IRB

IRB Infrastructure Developers Ltd Management

NameDesignation
Virendra D MhaiskarChairman / Executive Director
Deepali V MhaiskarWhole Time Executive Director
Jose Angel Tamariz Martel GoncerNon-Exec & Non-Independent Dir
Ravindra DhariwalNon-Exec & Non-Independent Dir
Chandrashekhar S KaptanIndependent Non Exe. Director
Sunil H TalatiIndependent Non Exe. Director
Sandeep J ShahIndependent Non Exe. Director
Priti SavlaIndependent Non Exe. Director

IRB Infrastructure Developers Ltd News

IRB Infra toll collection jumps 30% YoY in Mar’24
IRB Infrastructure Developers toll collection jumped 30% to Rs 480.9 crore in March 2024 from Rs 370 crore in March 2023.
IRB Infrastructure Developers cancels board meeting
On 4 April 2024
IRB Infrastructure Developers to convene board meeting
On 4 April 2024
Cintra (subsidiary of Ferrovial) to acquire 24% stake in IRB Infrastructure Trust
Outcome of board meeting of IRB Infrastructure Developers
Held on 13 March 2024
IRB Infra achieves financial closure for SPV Project
IRB Infrastructure Developers stated that its project SPV, IRB Lalitpur Tollway has achieved financial closure for a project in Uttar Pradesh and Madhya Pradesh by tying up project finance of Rs 3,500 crore from the lender.
IRB Infrastructure Developers records 31% growth in Feb toll collections
IRB Infrastructure Developers plans issue of foreign currency denominated notes up to USD 550 million
IRB Infrastructure Developers receives affirmation in LT issuer default rating
From Fitch Ratings
Board of IRB Infrastructure Developers recommends second interim dividend
Of Rs 0.1 per share

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IRB Infrastructure Developers Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase IRB Infrastructure Developers Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. IRB Infrastructure Developers Ltd's share price is ₹68.05 as of April 12, 2024

IRB Infrastructure Developers Ltd's P/E ratio is 77.29 times as of April 12, 2024.

IRB Infrastructure Developers Ltd's most recent financial reports indicate a price-to-book ratio of 3.12, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. IRB Infrastructure Developers Ltd's market is 42,472 Cr as on April 12, 2024.

The current financial records of IRB Infrastructure Developers Ltd show a 3.69% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a IRB Infrastructure Developers Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. IRB Infrastructure Developers Ltd's 52-week high and low as of April 12, 2024 are ₹70.25 and ₹67.65 respectively.

As of the Dec 2023 quarter, the promoter shareholding in IRB Infrastructure Developers Ltd stands at 34.39%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 47.28% to 47.16%.