IRB Infrastructure Developers Limited (IN:IRB)
:IRB
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IRB Infrastructure Developers Limited
(IRB)
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Rating:68Neutral
Price Target:
₹47.00
▲(12.23% Upside)
Action:ReiteratedDate:10/17/25
IRB's overall score of 68 is driven primarily by strong financial performance, with exceptional profitability margins, though tempered by revenue decline and cash flow concerns. A low P/E ratio boosts the valuation appeal, while technical indicators suggest a cautious outlook due to a bearish price trend.
Positive Factors
Toll Revenue Growth
The completion of the Palsit Dankuni project allows IRB to start toll collection at revised rates, significantly increasing revenue and strengthening its market position in West Bengal.
Negative Factors
High Leverage
While leverage can amplify returns, IRB's high debt levels pose a risk to financial stability, especially if revenue growth does not meet expectations.
Read all positive and negative factors
Positive Factors
Negative Factors
Toll Revenue Growth
The completion of the Palsit Dankuni project allows IRB to start toll collection at revised rates, significantly increasing revenue and strengthening its market position in West Bengal.
Read all positive factors
IRB Infrastructure Developers Limited (IRB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹261.73B
Dividend Yield0.56%
Average Volume (3M)739.57K
Price to Earnings (P/E)30.1
Beta (1Y)1.73
Revenue Growth-1.42%
EPS Growth968.58%
CountryIN
Employees3,180
SectorServices
Sector StrengthN/A
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.20
Shares Outstanding12,078,000,000
10 Day Avg. Volume735,210
30 Day Avg. Volume739,566
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.40
Price to Sales (P/S)3.94
P/FCF Ratio14.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹54.00Price Target Upside28.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.18
Revenue Forecast (FY)₹82.43B
IRB Infrastructure Developers Limited Business Overview & Revenue Model
Company Description
IRB Infrastructure Developers Limited engages in the construction, development, operation, and maintenance of roads and highways on build-operate-transfer (BOT) basis in India. It operates through two segments, BOT/ Toll Operate and Transfer Proje...
How the Company Makes Money
IRB Infrastructure Developers Limited generates revenue primarily through the development and operation of toll roads and highways. The company earns income from toll collections on its operated projects, which provide a steady cash flow over the ...
IRB Infrastructure Developers Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.37B | 70.62B | 74.09B | 64.02B | 58.04B | 52.99B |
| Gross Profit | 36.85B | 39.63B | 41.06B | 39.02B | 34.23B | 31.39B |
| EBITDA | 30.69B | 30.51B | 33.28B | 32.27B | 27.94B | 25.10B |
| Net Income | 65.84B | 64.81B | 6.06B | 7.20B | 3.61B | 1.17B |
Balance Sheet | ||||||
| Total Assets | 543.46B | 538.96B | 449.20B | 427.66B | 425.67B | 411.74B |
| Cash, Cash Equivalents and Short-Term Investments | 35.74B | 34.62B | 4.98B | 32.27B | 18.46B | 26.51B |
| Total Debt | 208.52B | 205.99B | 186.53B | 167.48B | 166.97B | 192.19B |
| Total Liabilities | 339.66B | 340.69B | 311.76B | 293.87B | 300.01B | 342.73B |
| Stockholders Equity | 203.80B | 198.27B | 137.45B | 133.79B | 125.66B | 69.01B |
Cash Flow | ||||||
| Free Cash Flow | 10.16B | 18.59B | 38.15B | 13.33B | -10.25B | -69.27B |
| Operating Cash Flow | 10.53B | 19.71B | 40.54B | 17.64B | 3.64B | 8.67B |
| Investing Cash Flow | -13.88B | 3.75B | -36.45B | -6.50B | -15.53B | -81.76B |
| Financing Cash Flow | -11.35B | -7.20B | -4.77B | -8.61B | 5.89B | 75.20B |
IRB Infrastructure Developers Limited Technical Analysis
Positive
41.88
Price Trends
20.75
Positive
21.01
Positive
21.81
Positive
Market Momentum
0.05
Negative
64.86
Neutral
57.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IRB, the sentiment is Positive. The current price of 41.88 is above the 20-day moving average (MA) of 20.65, above the 50-day MA of 20.75, and above the 200-day MA of 21.81, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 64.86 is Neutral, neither overbought nor oversold. The STOCH value of 57.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IRB.
IRB Infrastructure Developers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹2.76B | 51.20 | ― | 0.68% | -3.36% | -6.25% | |
68 Neutral | ₹261.73B | 30.12 | ― | 0.56% | -1.42% | 968.58% | |
67 Neutral | ₹34.44B | 13.34 | ― | 0.67% | 13.96% | 12.91% | |
66 Neutral | ₹31.05B | 0.56 | ― | ― | -17.28% | 43.34% | |
60 Neutral | ₹80.85B | 9.32 | ― | 1.20% | -6.01% | -3.81% | |
58 Neutral | ₹18.20B | 10.65 | ― | ― | 15.23% | 8.61% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:IRB
IRB Infrastructure Developers Limited
21.67
-1.63
-7.00%
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IRB Infrastructure Developers Limited Corporate Events
IRB Infra Signs Follow-on Letter Agreement to Existing Cintra Investment Deal
Dec 30, 2025
IRB Infrastructure Developers Limited has executed a new letter agreement dated 30 December 2025 linked to its earlier investment agreement of November 2021 involving Cintra INR Investments BV, founder-promoter Virendra D. Mhaiskar, IRB Holding Pr...
IRB Infrastructure to Manage Rs 6,785-Crore TOT-17 Highway Project, Calls EGM for RPT Nod
Dec 21, 2025
IRB Infrastructure Developers Limited’s board and audit committee have approved entering into material related-party contracts under which the company will act as project manager to IRB Infrastructure Trust, a private InvIT, for the TOT-17 h...
IRB Infrastructure Secures Major Highway Project in Uttar Pradesh
Nov 15, 2025
IRB Infrastructure Developers Limited, through its associate IRB Infrastructure Trust, has secured a significant project from the National Highways Authority of India. The project involves tolling, operation, maintenance, and transfer of several h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.