IRB Infrastructure Developers
IRB Infrastructure Developers Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for IRB Infrastructure Developers Ltd, framed against the sector median so the premium or discount is obvious at a glance.
IRB Infrastructure Developers Ltd trades at a P/E of 29.71× and P/B of 1.18×.
Valuation
Profitability
Growth
Financial Health
IRB Infrastructure Developers Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for IRB Infrastructure Developers Ltd, switchable between annual and quarterly views, consolidated or standalone.
IRB Infrastructure Developers Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹25,544.97 Cr and reported EPS of ₹0.70.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 5,694 | 6,707 | 6,852 | 5,299 | 5,804 | 6,402 | 7,409 | 7,613 | 7,648 |
| Other Income | 169 | 196 | 195 | 189 | 552 | 302 | 793 | 418 | 206 |
| Total Income | 5,863 | 6,903 | 7,047 | 5,488 | 6,355 | 6,703 | 8,202 | 8,032 | 7,854 |
| Cost of Goods Sold (COGS) | 73 | 323 | 437 | 399 | 470 | 419 | 406 | 601 | 673 |
| Gross Profit | 5,621 | 6,384 | 6,415 | 4,900 | 5,334 | 5,983 | 7,003 | 7,013 | 6,975 |
| +Operating Expenses | 2,942 | 3,447 | 3,444 | 2,387 | 2,536 | 2,754 | 3,671 | 3,407 | 2,994 |
| EBITDA | 2,679 | 2,937 | 2,971 | 2,513 | 2,797 | 3,229 | 3,332 | 3,606 | 3,982 |
| +Non-Operating Expenses | 1,637 | 1,660 | 2,090 | 2,108 | 2,573 | 2,347 | 2,858 | 8,634 | 2,855 |
| Profit Before Tax (PBT) | 1,464 | 1,473 | 1,191 | 262 | 776 | 1,184 | 1,266 | 6,998 | 1,248 |
| +Tax Expense | 544 | 623 | 454 | 144 | 188 | 357 | 346 | 381 | 397 |
| Profit After Tax (PAT) | 920 | 850 | 721 | 117 | 361 | 720 | 606 | 6,481 | 850 |
| Earnings Per Share (EPS) | 1.31 | 1.21 | 1.03 | 0.17 | 0.30 | 0.60 | 0.50 | 5.37 | 0.70 |
| Diluted Shares Outstanding (Nos.) | 703 | 703 | 703 | 703 | 1,208 | 1,208 | 1,208 | 1,208 | 1,208 |
| +Additional Disclosures | 4,440 | 5,631 | 5,986 | 5,736 | 5,846 | 6,001 | 6,960 | 7,144 | 7,635 |
| Sales Growth % | — | 17.79 | 2.16 | -22.67 | 9.53 | 10.30 | 15.74 | 2.76 | 0.46 |
| YoY Sales Growth % | — | 17.79 | 2.16 | -22.67 | 9.53 | 10.30 | 15.74 | 2.76 | 0.46 |
| Material Cost % | 1 | 5 | 6 | 8 | 8 | 7 | 5 | 8 | 9 |
| Employee Cost % | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 6 |
| Other Cost % | 47 | 47 | 46 | 40 | 39 | 38 | 44 | 39 | 34 |
| OPM % | 47 | 44 | 43 | 47 | 48 | 50 | 45 | 47 | 52 |
| Tax % | 37 | 42 | 38 | 55 | 24 | 30 | 27 | 5 | 32 |
| Profit Growth % | — | -7.58 | -15.19 | -83.75 | 208.50 | 99.23 | -15.86 | 969.74 | -86.88 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 2,135 | 2,398 | 2,503 | 1,931 | 2,115 | 2,397 | 2,337 | 2,568 | 2,840 |
IRB Infrastructure Developers segment analysis: revenue and profit mix.
Disclosed business segments at IRB Infrastructure Developers with their share of revenue and profit, switchable between consolidated and standalone reporting.
IRB Infrastructure Developers discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
IRB Infrastructure Developers Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy IRB Infrastructure Developers Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
IRB Infrastructure Developers Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
IRB Infrastructure Developers Ltd exhibits a robust operating profit margin of 46.00%, showcasing efficient cost management and strong pricing power within its competitive industry. This indicates healthy operational efficiency.
The company reported an impressive quarterly profit growth of 44.60%, demonstrating strong recent performance and potential for continued earnings expansion. This signals positive momentum.
IRB has achieved a solid quarterly sales growth of 13.30%, reflecting increasing demand for its services and a strengthening market position. This indicates healthy business expansion.
Foreign Institutional Investors (FIIs) hold a substantial 43.40% stake as of September 2025, indicating strong confidence from international investors in the company's long-term prospects and stability.
The ongoing strong government focus and increased budgetary allocations towards infrastructure development, particularly roads and highways, present significant growth avenues for IRB.
What can break it.
The company carries a significant debt of 20,599 (in unspecified units) with a high debt-to-equity ratio of 1.04, indicating considerable reliance on borrowed capital. This poses a financial risk.
IRB's Return on Equity (ROE) stands at a modest 5.91%, suggesting that the company is not generating optimal returns for its shareholders from their invested capital. This warrants further scrutiny.
Promoter holdings have decreased from 34.20% in June 2022 to 30.42% by September 2025. This reduction might signal concerns about management's long-term commitment or future dilution.
With a P/E ratio of 32.40, the stock appears relatively expensive, especially when considering its modest ROE of 5.91%. This valuation might limit upside potential.
The civil construction sector is highly competitive, with major players like Larsen & Toubro and NBCC, potentially leading to pricing pressures and reduced project margins for IRB.
What would change my mind.
Trim if P/E re-rates above 39. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 96.10. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
IRB Infrastructure Developers Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — IRB Infrastructure Developers Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
IRB Infrastructure Developers Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for IRB Infrastructure Developers Ltd — derived from the live tape, not yesterday's close.
IRB Infrastructure Developers Ltd last traded at ₹21.12 with an intraday range of ₹21.05–₹21.48 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹21.12| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 22.24 | +1.12 | +5.32% |
| R3 | 21.81 | +0.69 | +3.28% |
| R2 | 21.65 | +0.53 | +2.49% |
| R1 | 21.38 | +0.26 | +1.25% |
| PIVOT | 21.22 | 0.10 | 0.46% |
| CURRENT | 21.12 | — | — |
| S1 | 20.09 | -1.03 | -4.86% |
| S2 | 20.52 | -0.60 | -2.83% |
| S3 | 20.79 | -0.33 | -1.58% |
| S4 | 20.95 | -0.17 | -0.79% |
IRB is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 21.05 ~ 21.31
Trading Above opening range, showing Bullishness
IRB Infrastructure Developers Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for IRB Infrastructure Developers Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in IRB Infrastructure Developers Ltd stood at 47.5% of traded volume, against a 20-day average of 36.6%.
IRB Infrastructure Developers announcements: results, concalls, ratings, M&A.
Filings IRB Infrastructure Developers sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
IRB Infrastructure Developers files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 154 documents below.
Disclosure under SEBI Takeover Regulations
Sudha D. Mhaiskar, has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Updates
IRB Infrastructure Developers Limited has informed the Exchange regarding 'Intimation of Schedule of analysts / Institutional investor meeting'.
Analysts/Institutional Investor Meet/Con. Call Updates
IRB Infrastructure Developers Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
IRB Infrastructure Developers Limited has informed the Exchange about Link of Recording
Copy of Newspaper Publication
IRB Infrastructure Developers Limited has informed the Exchange about Copy of Newspaper Publication - Extract of audited financial results for the…
Investor decks & rating reports.
Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Updates
Updates
Updates
Updates
IRB Infrastructure Developers insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in IRB Infrastructure Developers as reported to SEBI — buying and selling signals from the people who know the business best.
IRB Infrastructure Developers insider activity below tracks 58 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 30 Mar 2026 | buy | +24.62 L | ₹5.44 Cr | ₹22.11 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 30 Mar 2026 | buy | +24.62 L | ₹5.44 Cr | ₹22.11 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 30 Mar 2026 | buy | +24.62 L | ₹5.44 Cr | ₹22.11 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 30 Mar 2026 | buy | +24.62 L | ₹5.44 Cr | ₹22.11 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 27 Mar 2026 | buy | +12.00 L | ₹4.94 Cr | ₹41.14 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 27 Mar 2026 | buy | +12.00 L | ₹4.94 Cr | ₹41.14 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 27 Mar 2026 | buy | +12.00 L | ₹4.94 Cr | ₹41.14 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 27 Mar 2026 | buy | +12.00 L | ₹4.94 Cr | ₹41.14 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 25 Mar 2026 | buy | +12.00 L | ₹4.98 Cr | ₹41.51 |
| IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited) | Insider | 25 Mar 2026 | buy | +12.00 L | ₹4.98 Cr | ₹41.51 |
IRB Infrastructure Developers dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue IRB Infrastructure Developers has declared, sequenced by announce and record date.
IRB Infrastructure Developers corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About IRB Infrastructure Developers Ltd: business, sector, key facts.
What IRB Infrastructure Developers Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
IRB Infrastructure Developers Ltd operates in the Industrials, listed as NSE: IRB, BSE: 532947.
IRB Infrastructure Developers Limited (IRB) is a prominent player in India's infrastructure development sector, primarily focused on road construction and operation. The company's core business model revolves around building, operating, and transferring (BOT) or toll operating and transferring (TOT) road infrastructure projects. This involves undertaking the design, construction, and subsequent operation and maintenance of roadways, generating revenue through toll collection and other related services. Their involvement extends beyond the initial construction phase, signifying a long-term commitment to the maintenance and efficient operation of the assets they develop.
IRB's operational structure is segmented into two key areas: Built, Operate and Transfer/Toll Operate and Transfer (BOT/TOT) and Construction. The BOT/TOT segment represents the majority of their revenue stream, focusing on the long-term operational benefits of successfully completed road projects. The Construction segment handles the development and building of new infrastructure projects, which subsequently transition into the operational phase under the BOT/TOT model. This dual approach allows IRB to control the entire lifecycle of a road project, from inception to its operational maturity.
Beyond its core road infrastructure business, IRB has diversified into related sectors to enhance its overall revenue and stability. The company offers real estate development services, capitalizing on the synergies between infrastructure development and real estate markets. Additionally, IRB is involved in the hospitality sector, potentially offering services related to roadside amenities or accommodations associated with its road networks. Furthermore, their involvement in airport development demonstrates a strategic move towards broadening their infrastructure portfolio into other high-growth sectors.
An important aspect of IRB's business model is its role as an investment manager. This function allows them to leverage their expertise in infrastructure development to attract and manage investments in various infrastructure projects, further strengthening their financial position and facilitating their expansion into new ventures. This investment management arm plays a crucial role in securing funding for their large-scale infrastructure undertakings and attracting external capital for profitable projects.
In summary, IRB Infrastructure Developers Limited operates a diversified business model within the infrastructure sector. While road construction and operation form the core of their operations, diversification into real estate, hospitality, and airport development, coupled with their investment management function, positions them as a major and multifaceted player in India's expanding infrastructure landscape. Founded in 1998 and headquartered in Mumbai, IRB has established a significant presence in the Indian infrastructure market through its integrated and strategic approach.
Questions investors ask about IRB Infrastructure Developers Ltd (IRB).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of IRB Infrastructure Developers Ltd (IRB)?
The current share price of IRB Infrastructure Developers Ltd (IRB) is ₹21.12. Today, the stock has gained by ₹0.31 (1.49%), trading in a range of ₹21.05 to ₹21.48. The stock opened at ₹21.2 with a trading volume of 1,29,43,368 shares.
02Is IRB Infrastructure Developers Ltd stock a good investment for long-term?
IRB Infrastructure Developers Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹25,544.97 crores, P/E ratio of 29.71, ROE of 4.17%, and ROCE of 7.82%. The dividend yield stands at 0.96%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of IRB Infrastructure Developers Ltd stock?
The 52-week high price of IRB Infrastructure Developers Ltd (IRB) is ₹50.44, while the 52-week low is ₹19.72. Currently trading at ₹21.12, the stock is 4.6% away from its 52-week low and 58.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy IRB Infrastructure Developers Ltd stock at the current price?
Whether to buy IRB Infrastructure Developers Ltd stock at ₹21.12 depends on multiple factors. The stock is currently trading with a P/E ratio of 29.71 and P/B ratio of 1.18. Today's performance shows a gain of 1.49%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of IRB Infrastructure Developers Ltd and when is the next dividend?
IRB Infrastructure Developers Ltd offers a dividend yield of 0.96%, which means for every ₹100 invested at the current price of ₹21.12, you can expect to receive approximately ₹0.96 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of IRB Infrastructure Developers Ltd?
IRB Infrastructure Developers Ltd's key financial metrics include: P/E Ratio: 29.71, P/B Ratio: 1.18, ROE: 4.17%, ROCE: 7.82%, Dividend Yield: 0.96%, EPS: ₹0.70, Book Value: ₹17.68, and Debt-to-Equity: 95.60. The company's market cap stands at ₹25,544.97 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is IRB Infrastructure Developers Ltd stock performing today in the market?
IRB Infrastructure Developers Ltd stock opened at ₹21.2 and is currently trading at ₹21.12, showing a gain of ₹0.31 (1.49%). The intraday high is ₹21.48 and low is ₹21.05. The trading volume stands at 1,29,43,368 shares, indicating strong market participation today.
08What is the P/E ratio of IRB Infrastructure Developers Ltd and what does it indicate?
IRB Infrastructure Developers Ltd has a Price-to-Earnings (P/E) ratio of 29.71, which means investors are willing to pay ₹29.71 for every ₹1 of earnings. With an EPS of ₹0.70, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about IRB Infrastructure Developers Ltd (IRB) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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