IRB Infrastructure

    IRB
    Infra
    ₹16.24
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹19,615 Cr

    P/E
    20.56
    Day range
    ₹16.09 – ₹16.72
    52-week range
    ₹16.09 – ₹23.95
    Volume
    1.05 Cr
    Open
    ₹16.70
    Prev close
    ₹16.79

    Latest results · Q1 FY27(consolidated)Revenue ₹2,137 Cr+1.8%Profit ₹306 Cr+51.3%Margin 14.3%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    IRB in NSE indices and F&O

    Research profile

    Composite 57 / 100

    Factor percentiles

    Value84
    Quality40
    Momentum22
    Low volatility81

    Derived metrics

    Earn. yield
    4.9%
    Graham no.
    ₹17.52
    vs Graham
    +7.9%
    ROE ÷ P/B
    4.3%
    12-1 mom.
    -14.7%
    Return / vol
    -0.86
    Magic Formula
    #405
    Piotroski
    4/6
    FCF yield
    7.0%
    PEG
    0.54

    Appears in 13 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 188 in Infra
    Largest Infra companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Larsen & ToubroLT₹5.02 L Cr30.254.5918.3%15.0%12.0%1.15+6.7%
    Adani PortsADANIPORTS₹3.92 L Cr29.064.2116.2%14.0%58.0%0.66+18.6%
    Adani EnterprisesADANIENT₹3.35 L Cr39.934.0715.2%6.0%15.0%1.32+49.9%
    UltraTech CementULTRACEMCO₹3.25 L Cr38.094.4311.1%13.0%16.0%0.40+18.8%
    Grasim IndustriesGRASIM₹1.96 L Cr34.511.9010.2%8.0%23.0%2.20+21.4%
    InterGlobe AviationINDIGO₹1.76 L Cr19.6325.56-29.3%5.0%13.0%11.15+19.9%
    DLFDLF₹1.63 L Cr35.633.6010.0%6.0%1.8%0.01-23.3%
    IRB InfrastructureIRB₹19,615 Cr20.560.974.2%7.0%54.0%0.96+1.8%
    Sector median₹12,817 Cr32.004.3415.0%17.0%15.0%0.18+19.8%

    Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.

    Key metrics

    P/E (TTM)
    20.6
    EPS (TTM)
    ₹0.78
    Price / Book
    0.94
    ROE (FY26)
    4.2%
    ROCE (latest year)
    7%
    Dividend yield
    0.92%

    Moving averages (NSE)

    20-day
    ₹17.37
    Price below
    50-day
    ₹18.4
    Price below
    200-day
    ₹20.26
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +6.1%
    Profit 3Y CAGR
    +5.7%
    Revenue YoY (Jun 2026)
    +1.8%
    Profit YoY (Jun 2026)
    +51.5%
    Operating margin
    54.0%
    Net margin
    14.3%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr2K Cr4K Cr6K Cr8K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%30%60%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • FII
    • Promoter
    • Public
    • DII
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-10K Cr-5K Cr0 Cr5K Cr10K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%40%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr10K Cr20K Cr30K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 20260x2x4x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 30 Mar 2026: earlier bars are per pre-bonus share.

    FY19FY20FY21FY22FY23FY24FY25FY26₹0₹2₹4₹6

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales1,7451,9692,0611,8531,5862,0252,1492,0991,7511,8711,9272,137
    Expenses1,0261,1501,3071,0499031,0411,1511,147826849844985
    Operating Profit7198197558046839849989529251,0221,0831,153
    OPM %41%42%37%43%43%49%46%45%53%55%56%54%
    Other Income1301094431191665,869696649-25035
    Interest435433615439434461458462451436406438
    Depreciation233251274255231265286269262289321333
    Profit before tax1822433092291836,127323286261295406417
    Tax %47%23%39%39%46%2%33%29%46%29%27%26%
    Net Profit961871891401006,026215202141211296306
    EPS in Rs₹0.08₹0.16₹0.16₹0.12₹0.08₹4.99₹0.18₹0.17₹0.12₹0.17₹0.25₹0.25

    From company filings, updated 23 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days7

    -16 days since Mar 2021

    Inventory Days199

    -95 days since Mar 2021

    Days Payable139

    -515 days since Mar 2021

    Cash Conversion Cycle67

    +403 days since Mar 2021

    Working Capital Days-57

    +109 days since Mar 2021

    Strengths, risks & growth

    IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate. [1]

    Strengths

    • Stock is trading at 0.97 times its book value

    Risks

    • Company has low interest coverage ratio.
    • The company has delivered a poor sales growth of 7.62% over past five years.
    • Company has a low return on equity of 4.85% over last 3 years.
    • Promoter holding has decreased over last 3 years: -3.21%

    Compounded Sales Growth

    10 Years
    +4%
    5 Years
    +8%
    3 Years
    +6%
    TTM
    -2%

    Compounded Profit Growth

    10 Years
    +3%
    5 Years
    +50%
    3 Years
    +8%
    TTM
    +18%

    Stock Price CAGR

    10 Years
    +3%
    5 Years
    +3%
    3 Years
    +2%
    1 Year
    -23%

    Return on Equity

    10 Years
    +6%
    5 Years
    +5%
    3 Years
    +5%
    Last Year
    +4%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter30.42%30.79%30.81%31.18%+0.37 pp
    FII43.32%43.84%43.87%43.63%-0.24 pp
    DII9.97%10.02%10.14%10.18%+0.04 pp
    Government0.01%0.01%0.01%0.01%0.00 pp
    Public16.29%15.32%15.17%14.99%-0.18 pp

    Filed with NSE for Sept 2026: promoters 31.18%, public 68.82% · XBRL filing

    Analysts & fund holdings

    100%
    100% recommend buy
    5 analysts cover the stock
    Valuation vs Construction & Engineering
    P/E20.6 vs 41.1
    Sector P/B5.66
    Beta0.98

    Who holds the shares, quarter by quarter

    Mutual funds 4.74% (+0.02 pp)
    Sept 25
    Dec 25
    Mar 26
    Apr 26
    Jun 26
    Sept 26
    • Promoters31.2%
    • Foreign institutions6.8%
    • Mutual funds4.7%
    • Insurance5.4%
    • Other domestic institutions0.0%
    • Retail12.5%
    • Others39.3%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Quant Mid Cap Fund2.05%5.70%-0.87 pp
    Quant Multi Cap Fund0.74%2.10%-0.39 pp
    Quant Small Cap Fund0.73%0.44%-0.14 pp
    ICICI Pru Infrastructure Fund0.33%0.85%-0.15 pp
    ICICI Pru Multi Cap Fund0.33%0.37%-0.10 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026. Adjusted for 1 corporate action.

    Computed

    Risk

    Volatility (1Y)
    26.6%
    Downside volatility
    23.6%
    Worst 5% of days
    2.5%
    Average of that tail
    3.4%
    Max drawdown (1Y)
    28.9%
    Below its peak
    28.9%

    Against the market

    Beta vs Nifty 50
    0.51
    Correlation
    0.26
    Relative strength (3M)
    -11.3%
    ATR (14)
    3.3%

    Return

    Return 1M
    -9.7%
    Return 3M
    -16.6%
    Return 6M
    -26.7%
    Return 1Y
    -23.0%
    vs 200-day average
    -19.9%

    Momentum

    RSI (14) · oversold
    29.3
    MACD histogram
    -0.05
    Stochastic %K
    7.0
    ADX (14)
    16.9
    +DI / −DI
    15.4 / 30.1
    Money flow index
    41.4

    Participation

    Delivery (20d avg)
    40.4%
    vs its 60-day baseline
    -5.8 pts
    Volume vs 20-day
    -0.2σ
    Close vs day's VWAP
    -0.5%
    52-week position
    0 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    4 of 6 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — passed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — passed
    • Current ratio improving — failed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — passed
    • Asset turnover improving — failed
    Free cash flow
    ₹1,366 Cr
    FCF yield
    7.0%
    Cash conversion
    2.47
    Accruals ratio
    -0.023
    Net debt
    ₹19,741 Cr
    Net debt / equity
    0.94
    EV / sales
    5.12
    PEG
    0.54
    Capex intensity
    9.6%
    Revenue CAGR
    -10.3%
    Profit CAGR
    38.0%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Insider trades

    Last 12 months, market trades
    Net buying ₹203 Cr
    28 buys · ₹203 Cr
    0 sells · ₹0
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    IRB Holding Private Limited
    Promoter Group · Market Purchase
    		Buy1,28,91,600₹25.6 Cr7 Sept 2026
    IRB Holding Private Limited
    Promoter Group · Market Purchase
    		Buy1,05,00,000₹20.4 Cr2 Sept 2026
    IRB Holding Private Limited
    Promoter Group · Market Purchase
    		Buy1,05,00,000₹20.2 Cr2 Sept 2026
    IRB Holding Private Limited
    Promoter Group · Market Purchase
    		Buy1,05,00,000₹20.3 Cr2 Sept 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy24,62,400₹5.4 Cr30 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy12,00,000₹4.9 Cr30 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy12,00,000₹4.9 Cr25 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy12,00,000₹4.9 Cr25 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy12,00,000₹5.0 Cr25 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy12,00,000₹5.0 Cr20 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy12,00,000₹5.0 Cr20 Mar 2026
    IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited)
    Promoter Group · Market Purchase
    		Buy11,00,000₹4.5 Cr18 Mar 2026

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.05 Per Share

      5 Aug 2026
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.05 Per Share

      26 May 2026
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      30 Mar 2026
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.07 Per Share

      18 Feb 2026
      ex-date
    • dividend
      ₹0.07

      Interim Dividend - Rs 0.07 Per Share

      18 Nov 2025
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.07 Per Share

      29 Aug 2025
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.10 Per Share

      6 Feb 2025
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.10 Per Share

      8 Nov 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.1 Per Share

      20 Aug 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.10 Per Share

      15 May 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.10 Per Share

      8 Feb 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Inteim Dividend - Re 0.10 Per Share

      6 Nov 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.075 Per Share

      29 May 2023
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share

      22 Feb 2023
      ex-date
    • dividend
      ₹1.25

      Interim Dividend - Rs 1.25 Per Share

      12 Aug 2022
      ex-date
    • dividend
      ₹5.00

      Dividend - Rs 5 Per Share

      16 Jul 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      27 Aug 2018
      ex-date
    • dividend
      ₹2.50

      Interim Dividend- Rs 2.50 Per Share (Purpose Revised)

      1 Aug 2018
      ex-date
    • dividend
      ₹2.50

      Interim Dividend Rs 2.50 Per Share (Purpose Revised)

      15 Feb 2018
      ex-date

    Company announcements

    Company Update
    Project Wise Toll Revenue For The Month Of September 2026

    Project wise Toll Revenue for the Month of September 2026

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation regarding Credit Ratings assigned by CARE Ratings Limited to IRB Infrastructure Developers Limited

    Company Update
    Intimation Of Credit Rating By Fitch Ratings

    Fitch Ratings has affirmed IRB Infrastructure Developers Limited's Long-Term Issuer Default Rating and the rating on its US-dollar senior secured notes.

    Company Update
    Intimation Of Credit Rating By Moody's Investor Services

    Moody's Investor Service has issued an update on the long term corporate family rating and the instrument rating assigned to USD senior secured notes.

    Company Update
    Update On Transfer Of Two Projects From IRB Infrastructure Trust To IRB Invit Fund

    Update provided by IRB Infrastructure Trust with respect to transfer of two projects to IRB InvIT Fund

    Company Update
    Agreements

    Execution of Project Implementation/ Management Agreements with IRB InvIT Fund to act as the Project Manager

    Company Update
    Company Sponsored IRB Invit Fund Completes Fund-Raise Through Institutional Placement And Preferential Allotment Of Units

    Update on successful completion of fund raising of Rs. 2,351 Crs through Institutional placement and Preferential Allotment of Units by IRB InvIT Fund

    Insider Trading / SAST
    Closure of Trading Window

    Trading Window Closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

    Company Update
    Update On Binding Term Sheet From IRB Infrastructure Trust To IRB Invit Fund

    Please find attached copy of an update provided by IRB Infrastructure Trust ( an associate of the Company) with regards to Share purchase agreement execution.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    The proceedings and voting results of the Annual General Meeting of IRB Infrastructure Developers Limited held on Tuesday, September 22, 2026 through video conferencing

    Company Update
    Monetization Of Non-Core Assets

    Monetization of non- core assets

    Company Update
    Project Wise Toll Revenue For The Month Of August, 2026

    Project wise toll revenue for the month of August, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Copy of Newspaper Advertisement regarding notice of 28th Annual General Meeting and E-voting and other related information.

    Company Update
    Dispatch Of Letters To The Members Providing A Weblink Along With Exact Path, To Access The Annual Report Of The Company For The FY 2025-26 In Compliance With Reg 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    Dispatch of letters to the members providing a weblink along with exact path, to access the Annual Report of the Company for the FY 2025-26 in compliance with Reg 36(1)(b) of SEBI (Listing ....

    Others
    Business Responsibility and Sustainability Reporting (BRSR)

    Business Responsibility and Sustainability Report for FY ended March 31, 2026.

    Filed with BSE (scrip 532947); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 30 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    IRB Infrastructure: common questions

    Answered from the figures on this page.

    IRB Infrastructure last traded at ₹16.24 (NSE, as of 25 Oct 2026). The last session moved it down 3.28%.

    IRB Infrastructure is valued at about ₹19,615 crore (NSE, as of 25 Oct 2026).

    IRB Infrastructure trades at a price-to-earnings ratio of 20.56 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    IRB Infrastructure has traded between ₹16.09 and ₹23.95 over the past 52 weeks, to 25 Oct 2026. It is currently 2% of the way up that range.

    IRB Infrastructure (IRB) is classified under Infra on this site's screener.