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IRB Infrastructure Developers Ltd share Price Today

Company details

65.80
68.70
24.95
73.10
6M Return 92.09%
1Y Return 139.44%
Mkt Cap.(Cr) 41,065.20
Volume 18,453,263
Div Yield 0.44%
OI
-
OI Chg %
-
Volume 18,453,263

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Roads & Highways construction company IRB Infrastructure Developers announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Income: Rs 2,504 crore (47% increase from Q4FY23)
  • EBITDA: Rs 1,333 crore (59% increase from Q4FY23)
  • Profit Before Tax: Rs 445 crore (84% increase from Q4FY23)
  • PAT before share of JV: Rs 324 crore (94% increase from Q4FY23)
  • Adjusted PAT excluding onetime income before share of JV: Rs 324 crore (94% increase from Q4FY23)
  • Share of loss from JV: Rs (135) crore (265% increase from Q4FY23)
  • PAT after share of JV: Rs 189 crore (45% increase from Q4FY23)
  • Adjusted PAT: Rs 189 crore (45% increase from Q4FY23)
  • Cash Profit: Rs 599 crore (54% increase from Q4FY23)

FY24 Financial Highlights:

  • Total Income: Rs 8,202 crore (22% increase from FY23)
  • EBITDA: Rs 4,125 crore (17% increase from FY23)
  • Profit Before Tax: Rs 1,267 crore (7% increase from FY23)
  • PAT before share of JV: Rs 921 crore (11% increase from FY23)
  • Adjusted PAT excluding onetime income before share of JV: Rs 921 crore (68% increase from FY23)
  • Share of loss from JV: Rs (315) crore (194% increase from FY23)
  • PAT after share of JV: Rs 606 crore (16% decrease from FY23)
  • Adjusted PAT: Rs 606 crore (37% increase from FY23)
  • Cash Profit: Rs 1,916 crore (39% increase from FY23)

Commenting on the occasion, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers said, “FY24 was an astounding year. We not only received three prestigious TOT awards but also tied up finances, made upfront payment of concession fees to the respective authorities and commenced tolling on these projects well within the set timelines. To add a jewel in the crown, we had another proud moment, when we received ISO certifications from the UK based ISOQAR for our efforts in establishing quality, environment, occupational health, and safety as well as IT security systems in our operations.”

He added, “FY24 unequivocally firmed up our leadership position in the sector as the largest transport infrastructure developer in India’s highway sector in terms of largest projects portfolio, operational lane kilometers, the largest asset base and robust toll revenue growth. With all these credentials and strong support from our global strategic partners along with the high trust of our stakeholders and the ample opportunities available in the Sector, we look forward to a more promising FY25; with this growth momentum continuing in coming year.”

Result PDF

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IRB Infrastructure Developers Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Companies with Increasing Debt
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 69.2
R2 70.4
R3 72.1
Pivot

67.50

S1 66.3
S2 64.6
S3 63.4
EMA SMA
66.3
64.2
58.9
50.2
67.1
63.7
59.5
46.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SAHITAY COMMOSALES LLP Bulk Purchase 2022-12-14 322.07 3636968 NSE
SAHITAY COMMOSALES LLP Bulk Sell 2022-12-14 318.13 3636968 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-03 208.9 879578 NSE
Name Category Shares
VIRENDRA DATTATRAYA MHAISKAR PROMOTER 0.84%
IRB HOLDING PRIVATE LIMITED PROMOTER 33.2%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

IRB Infrastructure Developers Ltd Stocks COMPARISON

Financials( in Cr) IRB Infrastructure Developers Ltd Larsen & Toubro Ltd Rail Vikas Nigam Ltd GMR Airports Infrastructure Ltd NBCC (India) Ltd
Price 68.00 3,450.75 290.80 86.05 142.30
% Change 3.50 1.16 5.52 2.75 5.33
Mcap Cr 41,065.20 474,363.91 60,632.38 51,939.31 25,614.00
Revenue TTM Cr 6,401.64 183,340.70 20,281.57 6,693.40 8,754.44
Net Profit TTM Cr 720.01 12,624.87 1,420.55 -839.93 278.01
PE TTM 67.99 36.51 41.65 0.00 58.30
1 Year Return 139.44 53.58 140.93 86.86 246.23
ROCE 6.36 12.64 17.22 0.00 23.81
ROE 5.55 14.70 20.81 0.00 21.69
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 13,378.90 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,581.63 -35,822.31
LAST 3M 105,886.10 -42,131.07
LAST 6M 173,680.57 48,055.67
LAST 12M 265,486.86 128,722.00

IRB Infrastructure Developers Ltd Information

Stock PE (TTM)
67.99
Promoter Holding
34.39%
Book Value
22.7596
ROCE
6.36%
ROE
5.55%
Description
  • IRB Infrastructure Developers Ltd is an infrastructure development company based in India. The company, incorporated on July 27, 1998, develops roadways and highways. It covers engineering, procurement, and construction and manages the operation and maintenance of all sides of its businesses. The company manages 12,975 lane kilometres across 23 assets. It was primarily meant to handle build-operate-transfer (BOT) projects but has also diversified in the HAM space (Hybrid Annuity Model). Apart from building roadways and tunnels, the company also engages in real-estate development.

    Its market capitalisation was Rs 15,061 crore on November 18, 2022. IRB Infrastructure Developers Ltd is listed on the Bombay Stock Exchange with code 532947 and on the National Stock Exchange with the symbol IRB.

    On November 17, 2022, IRB Infrastructure Developers Ltd share price closed at Rs 249.40. The share prices have risen by 251.08% over the past three years and maintained growth of 18.45% in the past 12 months. The share’s 52-week high was Rs 302.95, and the 52-week low was 178.90 on November 18, 2022.

    IRB Infrastructure Developers Ltd earned Rs 1,343 crore in revenue in the September quarter of 2022, which is a 30.23% decline from the June 2022 quarter, which was also the company’s best quarter in the past two years with Rs 1,925 crore in revenue. In the same quarter, the company made a profit of Rs 363 crore, which was 327% higher than its profit in the September 2022 quarter at Rs 85.31 crore.

    Altogether, 52.15% of the company’s shares are held by retail shareholders, while the promoters own 34.20% of the shares. Foreign institutional investors have 6.96% of the company shares.

    IRB Infrastructure Developers Ltd is led by chairman and managing director Virendra D. Mhaiskar. Deepali V. Mhaiskar is the whole-time director, Jose Tamariz Martel Goncer is the non-retiring non-executive director, and Ravindra Dhariwa is the additional non-executive director.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

11th Flr/1101 Hiranandani Know, Technology Street Powai, Mumbai, Maharashtra, 400076

Tel : 91-22-67336400
Email : grievances:irb.co.in; info:irb.co.in
Website : http://www.irb.co.in
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532947
NSE Code : IRB
Book Closure Date (Month) :
BSE Group : A
ISIN : INE821I01022

FAQ’s on IRB Infrastructure Developers Ltd Shares

You can buy IRB Infrastructure Developers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy IRB Infrastructure Developers Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:59 PM the closing price of IRB Infrastructure Developers Ltd was Rs.68.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:59 PM, the market cap of IRB Infrastructure Developers Ltd stood at Rs. 41,065.20.

The latest PE ratio of IRB Infrastructure Developers Ltd as of May 17, 2024 03:59 PM is 67.99

The latest PB ratio of IRB Infrastructure Developers Ltd as of May 17, 2024 03:59 PM is 0.33

The 52-week high of IRB Infrastructure Developers Ltd share price is Rs. 73.10 while the 52-week low is Rs. 24.95

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