Historical numbers are not comparable for this company due to transfer of 9 assets by IRB to Private InvIT in FY20.
Pledge shareholding: IRB has provided a non-disposal undertaking (committing not to sell a certain percentage of their holding in IRB) to GIC and the Ferrovial Group.
ScoreWhy is IRB Infrastructure Developers Ltd ?
1
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 7.97%
- Poor long term growth as Net Sales has grown by an annual rate of 7.96% and Operating profit at 6.91% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.12 times
2
Flat results in Sep 25
- PAT(Q) At Rs 140.82 cr has Fallen at -32.5% (vs previous 4Q average)
- NET SALES(Q) At Rs 1,751.02 cr has Fallen at -10.9% (vs previous 4Q average)
3
With ROCE of 7.2, it has a Expensive valuation with a 1.1 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -23.82%, its profits have risen by 42.1% ; the PEG ratio of the company is 0.7
4
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 2.39% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -23.82% returns
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Construction)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is IRB Infra.Devl. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
IRB Infra.Devl.
-7.21%
-0.77
31.00%
Sensex
-4.3%
0.44
11.83%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.32%
EBIT Growth (5y)
8.01%
EBIT to Interest (avg)
1.37
Debt to EBITDA (avg)
5.91
Net Debt to Equity (avg)
0.90
Sales to Capital Employed (avg)
0.21
Tax Ratio
33.99%
Dividend Payout Ratio
2.80%
Pledged Shares
0.04%
Institutional Holding
53.30%
ROCE (avg)
7.93%
ROE (avg)
4.34%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
33
Industry P/E
35
Price to Book Value
1.29
EV to EBIT
16.02
EV to EBITDA
11.47
EV to Capital Employed
1.15
EV to Sales
5.68
PEG Ratio
4.61
Dividend Yield
0.48%
ROCE (Latest)
7.15%
ROE (Latest)
4.30%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
OPERATING PROFIT TO INTEREST(Q)
Highest at 2.34 times
DEBT-EQUITY RATIO(HY)
Lowest at 1.02 times
PBDIT(Q)
Highest at Rs 1,022.44 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 54.64%
PBT LESS OI(Q)
Highest at Rs 296.61 cr.
-1What is not working for the Company
NET SALES(Q)
At Rs 1,871.17 cr has Fallen at -6.7% (vs previous 4Q average
Loading Valuation Snapshot...
Here's what is working for IRB Infra.Devl.
Operating Profit to Interest - Quarterly
Highest at 2.34 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Operating Profit (PBDIT) - Quarterly
Highest at Rs 1,022.44 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 54.64%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 296.61 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 296.61 cr has Grown at 25.7% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 236.00 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Debt-Equity Ratio - Half Yearly
Lowest at 1.02 times
in the last five half yearly periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Here's what is not working for IRB Infra.Devl.
Net Sales - Quarterly
At Rs 1,871.17 cr has Fallen at -6.7% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 2,006.17 CrMOJO Watch
Near term sales trend is negative
Net Sales (Rs Cr)
