Skip to content
thestock.space

On 6 Nov 2026, IRB Infrastructure Developers was priced at ₹17.02, or 19.1× trailing earnings, against an industry P/E of 13.5×, and the shares are 29% below their 52-week high. Sales fell 0.4% a year over 3 years while net profit grew 5.7%, with ROCE of 5.8% and ROE of 5.2%. Debt is 0.94× equity, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹20,557 Cr, the largest of 17 Infrastructure Operations companies by market cap; the shares fell 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹17.18
Day high
₹17.24
Day low
₹16.85
Prev. close
₹17.18
Volume
1.1 Cr

Health check

1 fair · 5 to check
  • ReturnsBehind

    −23.1% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 19.1 vs industry 13.5.

  • GrowthSlow

    Sales −0.4%, profit +5.7% a year over 3 years.

  • ProfitabilityWeak

    ROCE 5.8% vs peer median 27.6%.

  • Balance sheetFair

    Debt 0.94× equity, interest covered 1.8×, Piotroski 5 of 9.

  • Red flags2 to check

    Return on equity is low at 5.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Infrastructure Operations

16 listed peers. Screen the industry

Small cap

₹20,557 Cr, the largest of 17 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹6,482 Cr · profit ₹1,074 Cr
Market cap
₹20,557 Cr
Small cap
P/E
19.1
Industry 13.5
Price to book
0.95
Peers 2.12
Dividend yield
1.18%
ROE
5.2%
Peers 23.8%
ROCE
5.8%
Peers 27.6%
Debt to equity
0.94
Debt ₹19,992 Cr
EPS (TTM)
₹0.89
Face value ₹1
OPM (TTM)
43.7%
Net margin 16.6%
Sales growth
+6.5%
Latest quarter vs a year ago
Profit growth
+84.9%
Latest quarter vs a year ago
Price to sales
3.17
EV/EBITDA 12.6

Strengths and risks

Strengths

  • Quarterly profit up 84.9% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 5.2%.
  • Interest coverage of only 1.7×.

Derived automatically from reported figures. Not a recommendation.

About IRB Infrastructure Developers

IRB Infrastructure Developers Limited engages in the infrastructure development in India. It operates through Built, Operate and Transfer (BOT)/Toll, Operate and Transfer (TOT); InvITs & Related Assets; and Construction segments. The company is involved in the operation and maintenance of roads; airport development; development of highways; investment in units of IRB Infrastructure Trust, IRB InvIT Fund, and other related assets; and real estate…

Headquarters
Mumbai
Employees
2,963
Sector
Industrials
ISIN
INE821I01022
Website
irb.co.in

Price range

52 weeks

₹15.68₹23.95

Today

₹16.85₹17.24
Avg volume (3M)
1.3 Cr
1-year return
minus 23.1%
From 52-week high
minus 28.9%

Analyst consensus

5 analysts
No consensusMean target ₹27.30 plus 60.4%

Target range, with today’s price

Low ₹22.00High ₹34.50

Today’s price ₹17.02 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Infrastructure Operations

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
IRBIRB Infrastructure Developers17.02minus 0.93%20,55719.113.55.8%43.7%0.94−0.4%minus 23.1%
LCCPROJECTLCC Projects134.78plus 0.25%3,90413.19.045.2%14.0%0.6943.1%minus 20.8%
TECHNOCRAFTechnocraft Ventures510.30plus 0.95%2,02145.229.635.1%18.9%0.5524.6%plus 64.0%
BFUTILITIEBF Utilities440.75minus 3.56%1,66012.12.926.4%66.5%–7.7%minus 35.7%
HILINFRAHighway Infrastructure72.05plus 0.53%51719.419.619.4%2.3%0.4510.1%minus 7.2%
MARKOLINESMarkolines Pavement Technologies164.28minus 4.67%36513.57.4–10.2%0.439.2%plus 4.3%
ATLANTAAATLANTAA35.16minus 4.84%287–12.43.0%41.3%1.4813.0%minus 20.5%
ANNUAnnu Projects38.20minus 3.46%2507.65.728.8%15.4%0.3422.9%minus 49.5%
Median of 7 peers–−3.46%51713.39.027.6%15.4%0.5013.0%−20.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,4481,4901,5261,7011,541
826849844985842
621641682716699
42.9%43.0%44.7%42.1%45.3%
74.280.798.1168170
451436406438388
262289321333329
278299352304233
261295406417385
46.0%28.5%27.0%26.5%32.4%
141211296306260
0.120.170.250.250.22

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−0.4%
Profit CAGR 3Y
+5.7%
EPS CAGR 3Y
+5.6%
ROE
5.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,3257,3627,0526,252
–+16.4%minus 4.2%minus 11.3%
3,0874,0193,8403,384
3,2373,3443,2112,869
51.2%45.4%45.5%45.9%
85.3337215235
1,4431,7471,6971,651
8329951,0381,142
29.612.76,170937
1,0779516,8611,248
33.1%36.3%5.5%31.9%
7206066,481850
–minus 15.9%+969.7%minus 86.9%
0.590.505.370.70

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
604604604604
12,77513,14119,22320,345
16,74818,65320,59920,027
12,63912,52213,47013,078
42,76644,92053,89654,054
950923987949
7.88.51.26.8
6266214641,317
1,8001,8393,2461,843
39,38241,52949,19849,938
42,76644,92053,89654,054

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,7644,0541,9712,098
−650−3,645375−910
−861−477−720−2,702
253−67.91,627−1,513
−431−239−199−732
1,3333,8151,7731,366
−75.5−166−242−127

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 14.9% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you