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NSE:IRB

IRB INFRA DEV LTD.

Construction › Construction·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 250+4
₹16.08
at close · 28 Oct 2026
▲ 0.16 (+1.01%)
ThemesArtificial Intelligence· announced

Latest filings

  1. IRB Group reports 24% YoY rise in September toll revenue to 773 Cr · Business Updates
  2. CARE assigns AA and A1+ ratings to IRB bank facilities · Credit & Debt
  3. Fitch affirms BB+ rating with stable outlook for IRB Infrastructure · Credit & Debt
All filings ↓
Ask Nexa about IRB INFRA DEV LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Builds and operates toll road infrastructure across India, earning from three main segments in FY26. The Construction segment covers highway construction contracts, BOT/TOT Projects run toll road concessions, and InvITs & Related Assets handle infrastructure trust operations and project management services. Total revenue for FY26 stood at Rs 7,648.15 cr. Other operating expenses form the largest cost line at 33.6% of revenue, followed by depreciation at 14.9%, with materials at 8.8% and employee costs at 5.5%. The company also acts as Project Manager for highway SPVs held under the IRB Infrastructure Trust, with a related-party extension arrangement covering 12 project SPVs currently under shareholder consideration. The group is also transferring two BOT SPVs (Solapur Yedeshi and CG Tollway) into the publicly listed IRB InvIT Fund, with a combined enterprise value of Rs 4,605 cr and an equity value of Rs 2,744 cr targeted for closing by September 30, 2026.

Revenue mix · reported segments
Construction47.4%
BOT/ TOT Projects35.2%
InvITs & Related Assets17.2%
Operating scale
Toll road assets operated
28 across 13 statesJune 2026
Daily vehicle crossings
~1.5 millionJune 2026
Toll revenue (month)
Rs 808 crJune 2026
Construction segment revenue
Rs 3,622.367 crFY26
BOT/ TOT Projects segment revenue
Rs 2,691.861 crFY26
Project Implementation Agreement extension (12 SPVs)
up to INR 22,940.25 crJuly 2026 postal ballot
Who pays it
Government and nodal road authorities for construction and concessions; toll-paying road users for toll operations; InvIT unitholders for trust revenue.
Biggest cost
Other operating expenses at 33.6% of revenue, the largest single cost line.
Kind of business
Asset-heavy road infrastructure combining construction contracts, long-tenor toll road concessions held via SPVs, and InvIT vehicles.
Where it sits
Operates 28 toll road assets across 13 states, handling around 1.5 million vehicle crossings daily, and is moving assets into InvITs with a stated target asset base of Rs 1.4 lakh Cr by FY29.
Market Cap
₹19,421 Cr
P / E (TTM)
14.9×
EV / EBITDA
9.1×
Div Yield
0.65%
Growth
7.6%▲
Revenue 5y CAGR
PAT +48.7% · EBITDA +10.3%
Quality
7.0%·
ROCE (5y median)
ROE 4.4% (5y median) · margin 54.2%
Leverage
0.96·
Debt / Equity · moderate
Net debt ₹19,662 Cr
Revenue FY21→FY26
1.4×▲
Margin +8.9 pts
₹5,299 Cr → ₹7,648 Cr
Cash conversion
1.14×▲
Operating cash ÷ profit · 5 yrs
₹10,251 Cr on ₹9,018 Cr
Moves on a normal day
0.88%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#57/101
P/B#32/85
ROCE#80/107
ROE#60/87
Debt / Equity#76/87
EBITDA margin#3/88
Revenue growth#51/86
Profit growth#19/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Profit compounding 49% a year over 5 years
Over 5 years it reported ₹9,018 Cr of profit and ₹10,251 Cr of operating cash — 1.14×
Profit is converting into cash
Concerns
Returns on capital 7.0% (5-year median)
#80 of 107 in Civil Construction on the latest reported figures
Carries more debt than its peers — 0.96× equity
higher than 87% of its 87 Civil Construction peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

IRB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from IRB INFRA DEV LTD.'s filed financials and exchange disclosures

What does IRB INFRA DEV LTD. do?

IRB INFRA DEV LTD. is a Construction company listed on NSE and BSE, trading under the symbol IRB.

Is IRB INFRA DEV LTD. profitable?

Yes. Over the trailing twelve months IRB INFRA DEV LTD. reported a net profit of ₹954 Cr on revenue of ₹7,686 Cr.

Does IRB INFRA DEV LTD. pay a dividend?

Yes. The dividend yield is 0.65% at the current price. It paid out 15% of its profit as dividend in FY26.

Is IRB INFRA DEV LTD. debt-free?

No. It reported borrowings of ₹20,008 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹19,662 Cr after cash. Debt stands at 0.96× equity. That is higher than 87% of its 87 Civil Construction peers.

Is IRB INFRA DEV LTD. expensive compared with its peers?

On trailing P/E, IRB INFRA DEV LTD. ranks 57 of 101 in Civil Construction — cheaper than 44% of them, against an industry median of 13.5×. This is a position, not a valuation judgement.

How much does the IRB INFRA DEV LTD. share price move in a day?

On a typical session IRB INFRA DEV LTD. moves 0.88% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track IRB INFRA DEV LTD.'s announcements?

Every NSE and BSE filing by IRB INFRA DEV LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.