IRB Infrastructure Developers Ltd.

NSE: IRB · Construction

₹17.02-0.93%06 Nov 2026

Check figures: unusual quarterly results in DEC '24 (₹6,026.11 cr vs a typical ₹154.32 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about IRB Infrastructure Developers Ltd. — computed from its filings, no language model

Market cap₹20,557 cr

Current price₹17.02

High / Low₹23 / ₹16

P/E19.1

P/B0.97

Book value₹17.6

ROE5.0%

ROCE7.7%

Debt / equity0.94

Dividend yield0.62%

EPS (TTM)₹0.89

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,694	6,852	5,299	5,804	6,402	7,409	7,613	7,648
EBITDA	2,679	2,971	2,513	2,798	3,229	3,332	3,606	3,982
Operating margin	47.1%	43.4%	47.4%	48.2%	50.4%	45.0%	47.4%	52.1%
Interest	967	1,564	1,692	1,891	1,515	1,863	1,792	1,755
Depreciation	544	468	582	683	832	995	1,038	1,142
Profit before tax	1,464	1,191	262	776	1,184	1,266	6,998	1,248
Tax	544	454	144	188	357	346	381	397
Net profit	920	721	117	361	720	606	6,481	850
EPS ₹	26.17	20.51	3.33	8.69	1.19	1.00	10.73	0.70
Operating cash flow	—	—	—	364	1,764	4,054	1,971	2,098
Capex	—	—	—	1,390	49	239	113	64
Dividend paid	—	—	—	0	75	166	242	127
Total assets	40,403	39,888	41,174	42,567	42,766	44,920	53,896	54,054
Equity	5,693	6,683	6,901	12,566	13,379	13,745	19,827	20,949

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '18	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,382	1,432	1,789	1,752	1,743	1,584	1,022	1,123	1,547	1,606	1,626	1,465	1,279	1,434	1,343	1,514	1,620	1,634	1,745	1,969	2,061	1,853	1,586	2,025	2,149	2,099	1,751	1,871	1,927	2,137	1,897
Operating profit	659	670	760	747	714	655	478	555	720	760	700	718	738	642	665	745	759	778	795	869	890	857	767	984	998	952	925	1,022	1,083	1,153	1,055
Operating margin	47.7%	46.8%	42.5%	42.7%	41.0%	41.3%	46.7%	49.4%	46.5%	47.3%	43.1%	49.0%	57.7%	44.8%	49.5%	49.2%	46.8%	47.6%	45.5%	44.2%	43.2%	46.3%	48.3%	48.6%	46.4%	45.4%	52.8%	54.6%	56.2%	53.9%	55.6%
Other income	50	53	47	49	48	50	51	46	48	45	45	39	219	249	96	56	79	111	130	109	443	119	166	65	69	66	49	41	50	35	47
Interest	209	272	287	381	410	410	366	435	441	451	468	477	547	399	389	367	373	381	435	433	615	439	434	461	458	462	451	436	406	438	388
Depreciation	115	137	132	114	96	105	84	129	191	177	136	165	192	189	192	215	222	237	233	251	274	255	231	265	286	269	262	289	321	333	329
Profit before tax	384	314	388	301	256	247	79	-5	135	147	141	115	218	303	180	218	242	271	257	294	444	282	267	6,127	323	286	261	295	406	417	385
Tax	145	141	169	101	96	77	33	15	47	50	35	37	49	68	70	65	75	84	86	56	120	89	84	101	108	84	120	84	109	110	125
Net profit	240	173	219	200	160	154	-30	-67	69	97	72	42	73	174	85	141	130	134	96	187	189	140	100	6,026	215	202	141	211	296	306	260
EPS ₹	6.82	4.92	6.23	5.70	4.55	3.16	-0.86	-0.56	1.98	2.77	2.05	1.20	2.02	2.89	1.41	2.34	0.22	0.22	0.16	0.31	0.31	0.23	0.17	9.98	0.35	0.34	0.23	0.35	0.25	0.25	0.22
Revenue YoY	—	—	—	22.3%	-2.6%	—	—	-35.9%	-11.2%	1.4%	59.0%	30.4%	-17.3%	-10.7%	-8.3%	18.4%	13.0%	—	29.9%	30.0%	27.2%	13.4%	-9.1%	2.9%	4.3%	13.3%	10.4%	-7.6%	-10.3%	1.8%	8.3%
Profit YoY	—	—	—	15.7%	-27.0%	—	—	-133.3%	-56.5%	-36.8%	—	—	4.6%	79.0%	101.6%	94.5%	-25.4%	—	12.2%	32.6%	45.1%	4.6%	4.3%	3115.3%	13.7%	44.6%	41.0%	-96.5%	38.0%	51.3%	84.9%

Earlier results (standalone, Jun '08 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

IRB Infrastructure Developers Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	—	—	—	1,250	2,032	2,213	1,956	2,768	3,413
Operating profit	-11	-16	45	139	213	227	199	234	372
Operating margin	—	—	—	11.1%	10.5%	10.3%	10.2%	8.4%	10.9%
Other income	72	77	85	146	186	289	244	393	223
Interest	—	6	28	77	169	204	269	245	304
Profit before tax	58	55	102	208	230	312	174	382	292
Tax	1	-1	12	42	43	24	35	57	89
Net profit	57	56	90	166	187	288	138	325	203

Quarters

showing latest 8 of 39 periods

	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	0	—	—	—	—	—	—	0	—	51	65	152	179	133	460	479	622	451	445	514	629	474	550	561	569	436	464	486	475	630	804	859	888	715	799	1,010	671	691	763
Operating profit	-3	-2	-3	-3	-3	-4	-3	-6	-6	18	8	25	23	15	50	51	72	49	47	45	13	101	58	55	62	41	48	48	51	59	74	50	73	42	48	208	47	72	126
Operating margin	-3188.9%	—	—	—	—	—	—	-5550.0%	—	34.4%	12.3%	16.4%	12.7%	11.2%	10.9%	10.7%	11.5%	10.9%	10.6%	8.8%	2.1%	21.4%	10.6%	9.7%	10.9%	9.3%	10.4%	10.0%	10.8%	9.4%	9.2%	5.8%	8.3%	5.9%	6.1%	20.6%	6.9%	10.5%	16.5%
Other income	4	6	6	55	13	5	5	53	4	5	8	69	21	23	21	81	21	55	55	55	55	94	31	109	44	111	45	44	117	45	117	113	39	41	38	105	138	123	40
Interest	0	—	0	2	2	1	1	2	2	3	9	15	18	22	19	18	40	46	46	37	41	51	52	59	61	66	69	74	62	63	64	57	69	77	86	72	60	61	52
Profit before tax	1	4	3	50	9	-1	0	46	-4	20	8	79	26	16	52	114	53	58	56	63	27	143	37	104	45	86	24	18	106	42	127	106	44	7	1	240	125	134	114
Tax	0	0	0	0	0	-0	-0	-1	0	4	1	7	8	5	16	13	16	7	7	13	-0	23	12	-11	15	6	8	6	12	14	19	12	18	-1	1	72	5	13	38
Net profit	1	4	3	50	9	-0	1	47	-4	16	7	72	18	11	36	102	37	51	49	50	27	120	26	116	30	80	16	12	94	28	108	94	26	8	0	169	120	121	75
EPS ₹	0.02	0.12	0.09	1.49	0.27	-0.01	0.02	1.41	-0.11	0.47	0.20	2.16	0.54	0.32	1.07	3.06	1.12	1.53	1.49	1.49	0.80	3.62	0.77	3.48	0.90	2.41	0.48	0.37	2.68	0.80	3.08	2.68	0.75	0.23	—	4.80	3.41	3.44	2.15
Revenue YoY	—	—	—	—	—	—	—	—	—	—	—	151960.0%	—	160.9%	611.7%	215.1%	248.3%	239.1%	-3.2%	7.3%	1.0%	5.1%	23.6%	9.1%	-9.4%	-7.8%	-15.7%	-13.4%	-16.6%	44.3%	73.2%	76.8%	87.0%	13.6%	-0.5%	17.5%	-24.5%	-3.4%	-4.5%
Profit YoY	—	—	—	—	1150.7%	-111.8%	-77.3%	-5.6%	-142.5%	—	873.5%	53.3%	—	-31.9%	439.3%	42.0%	109.5%	379.0%	38.5%	-51.3%	-28.7%	135.8%	-48.4%	133.7%	12.4%	-33.3%	-38.0%	-89.4%	214.9%	-65.1%	584.0%	665.5%	-72.1%	-71.0%	-99.9%	78.8%	356.8%	1385.6%	75350.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	7.2%	3.3%	1.9%	1.0%	2.5%	4.1%	4.1%	2.9%	3.7%	3.7%	4.0%	4.4%	4.5%	4.4%	46.3%	32.7%	33.0%	32.3%	3.8%	4.1%	4.6%	5.0%
ROCE	16.1%	14.5%	13.9%	7.8%	8.5%	9.1%	9.8%	9.1%	8.0%	8.0%	8.5%	9.7%	9.9%	9.8%	27.7%	21.8%	21.8%	21.4%	7.2%	7.3%	7.6%	7.7%
Net margin	7.9%	4.0%	2.4%	1.3%	2.9%	4.5%	4.8%	6.2%	8.0%	7.7%	7.9%	8.2%	8.0%	8.2%	85.8%	85.1%	83.3%	82.0%	9.8%	11.1%	12.4%	13.7%
EBITDA margin	42.5%	43.9%	45.6%	47.4%	46.3%	46.4%	48.8%	48.2%	48.2%	47.2%	45.9%	45.0%	44.7%	45.3%	46.5%	47.4%	47.1%	48.1%	49.5%	52.1%	54.4%	55.1%
Debt / equity	1.28	1.28	1.28	2.78	2.78	2.78	2.78	1.33	1.25	1.33	1.33	1.36	1.36	1.35	1.35	1.04	1.04	1.02	1.02	0.96	0.96	0.94
Interest coverage	1.56	1.36	1.28	1.21	1.23	1.29	1.32	1.41	1.60	1.64	1.66	1.68	1.67	1.67	4.65	4.91	4.86	4.82	1.64	1.71	1.80	1.90
Asset turnover	0.15	0.14	0.13	0.13	0.14	0.15	0.15	0.14	0.14	0.15	0.16	0.16	0.17	0.17	0.17	0.14	0.15	0.15	0.14	0.14	0.14	0.14

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	351	351	351	351	351	351	604	604	604	604	604	604	604	604	604	1,208
Other equity / reserves	4,485	4,920	5,341	5,964	6,331	6,549	11,962	12,419	12,775	12,989	13,141	13,332	19,223	19,777	20,345	20,079
Total equity	4,836	5,272	5,693	6,315	6,683	6,901	12,566	13,023	13,379	13,593	13,745	13,936	19,827	20,380	20,949	21,286
Borrowings	14,473	13,020	12,996	15,719	8,524	19,210	16,685	16,614	16,740	18,091	18,649	18,836	20,577	20,831	20,008	19,975
Current liabilities	3,267	—	—	—	12,809	5,243	2,877	3,722	4,304	6,657	3,909	3,666	3,746	3,947	3,780	3,622
Non-current liabilities	34,028	—	—	—	20,396	29,030	27,124	25,586	25,083	23,881	27,266	27,221	30,323	30,019	29,325	29,136
Total assets	42,166	46,641	40,403	40,496	39,888	41,174	42,567	43,453	42,766	44,132	44,920	44,822	53,896	54,346	54,054	54,044
Property, plant & equipment	270	241	180	172	154	138	946	954	935	927	911	961	964	925	925	905
Capital work-in-progress	78	61	65	36	36	36	27	11	8	8	8	14	1	30	4	5
Investments	36	146	945	645	4,146	4,302	4,416	4,847	5,141	7,940	9,642	9,213	17,097	18,453	19,328	20,595
Inventories	309	353	487	442	331	322	317	290	299	337	293	330	339	303	367	293
Receivables	9	70	133	114	441	588	1,593	1,739	1,769	866	759	632	749	835	573	562
Cash & equivalents	276	230	206	278	443	653	53	151	301	123	233	140	1,860	389	346	174

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	2,340	3,192	2,132	2,710	3,709	867	364	1,764	4,054	1,971	2,098
Cash from investing	-3,144	-2,981	-2,621	-4,081	-4,905	-8,176	-1,553	-650	-3,644	375	-910
Cash from financing	671	-202	410	1,438	1,388	7,520	589	-860	-477	-720	-2,702
Capex	3,159	2,776	3,966	4,219	5,205	7,793	1,390	49	239	113	64
Free cash flow	-819	416	-1,834	-1,509	-1,496	-6,926	-1,025	1,715	3,815	1,859	2,034
Dividends paid	254	85	338	106	5	176	0	75	166	242	127

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹905 cr2%

CWIP

₹5 cr0%

Investments

₹20,595 cr38%

Inventories

₹293 cr1%

Receivables

₹562 cr1%

Cash & equivalents

₹174 cr0%

Other assets

₹31,509 cr58%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-2.4%

6 months-21.5%

1 year-23.9%

3Y CAGR-0.7%

5Y CAGR+8.1%

10Y CAGR+4.3%

50-day avg₹17.86

200-day avg₹20.03

RSI (14)43

Compare IRB Infrastructure Developers Ltd. with

Rail Vikas Nigam vs IRB Infrastructure Developers Kalpataru Projects International vs IRB Infrastructure Developers Cemindia Projects vs IRB Infrastructure Developers NBCC (India) vs IRB Infrastructure Developers IRB Infrastructure Developers vs Engineers India

FAQs

What is the share price of IRB Infrastructure Developers Ltd.?

IRB Infrastructure Developers Ltd. (IRB) closed at ₹17.02 on NSE on 06 Nov 2026.

What is the market cap of IRB Infrastructure Developers Ltd.?

₹20,557 crore at the latest close.

What is the P/E ratio of IRB Infrastructure Developers Ltd.?

19.1, on trailing-twelve-month earnings from its filings.

How fast is IRB Infrastructure Developers Ltd. growing?

IRB Infrastructure Developers Ltd.: revenue has compounded at 6.1% a year over three years; net profit at 5.7% a year. Latest-quarter revenue is up 8.3% year on year, profit up 84.9%.

How profitable is IRB Infrastructure Developers Ltd.?

On a trailing-twelve-month basis return on equity is 5.0%, return on capital employed 7.7%, operating margin 55.1%, net margin 13.7%.

How much debt does IRB Infrastructure Developers Ltd. have?

IRB Infrastructure Developers Ltd. is moderately geared: debt to equity is 0.94 with borrowings of ₹19,975 cr against cash of ₹174 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.9 times.

Financials parsed from IRB Infrastructure Developers Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.