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IRB · NSE · Civil Construction

IRB Infrastructure Developers Ltd

What the numbers mean, from its filings and the exchange. Data as of 13 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Real Estate
fair low confidence No valuation within 120 days; P/E 25.0 vs peers 21.0 (13th of 20); P/B 0.84 vs peers 2.3 (1st of 19).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is IRB Infrastructure Developers's share price today?

IRB Infrastructure Developers last traded at ₹17.77 on the NSE, as of 13 Oct 2026, 9:45 am IST, down 0.6% on the day, down 16.3% over a year. Its 52-week range is ₹17 to ₹24. The live price is in the app.

₹17.77 −0.6% today
−16.3% over 1 year · NSE, as of 13 Oct 2026, 9:45 am IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range14% of the way up
Low ₹17High ₹24

What is IRB Infrastructure Developers's market cap?

IRB Infrastructure Developers's market capitalisation is about ₹21,595 crore: what it would cost to buy every share at today's price. That makes it the 107th largest small cap company we cover.

₹21,595 Cr Small Cap107th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: IRB
ISIN
INE821I01022
Cap bucket
Small Cap, 107th largest by market cap
Industry (NSE)
Industrials › Construction › Civil Construction
Listed since
2008
Futures and options
Not traded

Is IRB Infrastructure Developers overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 25.0 vs peers 21.0 (13th of 20); P/B 0.84 vs peers 2.3 (1st of 19).

Valuation

Latest price and trailing 12 months
P/E 24.97
vs peers 21.0 · 13th of 20
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 0.84
vs peers 2.3 · 1st of 19
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹21,595 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.5%
vs peers 0.7% · 14th of 17
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 1.53
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is IRB Infrastructure Developers a quality business?

Quality score 23.1, 20th of 20 in its peer set; CAUTION on 30 of 30 flags judged.

Quality and risk

Data as of 13 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 23.1
vs peers 46.1 · 20th of 20
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CAUTION
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 6.5%
vs peers 10.6% · 17th of 20
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 7.3%
vs peers 14.7% · 19th of 20
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 12.1%
vs peers 6.1% · 6th of 20
Profit after everything, as a share of revenue. Learn more →
EPS ₹1.41
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
Inside the app

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Has IRB Infrastructure Developers made money for shareholders?

Mixed: −16.3% over one year and +11.4% a year over five years.

Shareholder returns

1-year return −16.3%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +11.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+0.2%
1M
−6.8%
3M
−12.0%
6M
−16.4%
1Y
−16.3%
3Y
+1.5%
5Y
+11.4%

Does IRB Infrastructure Developers pay a dividend?

Yes. IRB Infrastructure Developers's dividend yield is 0.47% at the latest price; the last payout was ₹0.05 a share, ex-dividend 5 Aug 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.47%
The past 12 months' dividends as a share of today's price.
5 Aug 2026 · Interim₹0.05
26 May 2026 · Interim 4₹0.05
18 Feb 2026 · Interim 3₹0.04
18 Nov 2025 · Interim 2₹0.04
29 Aug 2025 · Interim₹0.04
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is IRB Infrastructure Developers growing?

Revenue 3 years 5.4% a year; profit 3 years 5.7% a year; revenue 5 years 4.3% a year. History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 5.4% a year
vs peers 8.1% · 11th of 19
Compound annual growth of revenue over three years. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.
Profit 3 years 5.7% a year
vs peers 19.2% · 11th of 19
Compound annual growth of net profit over three years. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.
Revenue 5 years 4.3% a year
Compound annual growth of revenue over five years. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.
Profit 5 years 21.4% a year
Compound annual growth of net profit over five years. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.
EPS 3 years 16.3% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.
EPS 5 years 41.3% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.
P/E vs own history -33.7%
vs peers -10.4% · 3rd of 16
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →
History break: FY2026 step year (revenue -43%) in the 3- and 5-year growth figures.

How did IRB Infrastructure Developers do last quarter?

IRB Infrastructure Developers reported revenue of ₹2,137 Cr, up 0.5% on a year earlier and a net profit of ₹306 Cr, down 86.9% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹2,137 Cr
+0.5% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹306 Cr
−86.9% on a year earlier
What was left for shareholders after every cost and tax.

How does IRB Infrastructure Developers compare with its peers?

Compared with 19 Civil Construction; 13th of 20 on P/E; 20th of 20 on quality score.

Compared with 19 Civil Construction

19 companies
  • IRB Infrastructure Developers Ltd (this page)
  • Rail Vikas Nigam Ltd
  • Kalpataru Projects International Ltd
  • NBCC (India) Ltd
  • Cemindia Projects Ltd
  • Engineers India Ltd
  • Techno Electric & Engineering Company Ltd
  • Welspun Enterprises Ltd
  • Ircon International Ltd
  • KEC International Ltd
  • Rites Ltd
  • Afcons Infrastructure Ltd
  • NCC Ltd
  • G R Infraprojects Ltd
  • Power Mech Projects Ltd
  • ISGEC Heavy Engineering Ltd
  • Ceigall India Ltd
  • Dilip Buildcon Ltd
  • Shrem InvIT
  • Nxt-Infra Trust

IRB Infrastructure Developers against its peers

Largest 10 of 19 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
IRB Infrastructure Developers Ltd₹21,595 Cr25.00.86.5%7.3%−16.3%
Rail Vikas Nigam Ltd₹40,187 Cr44.25.99.2%10.7%−43.2%
Kalpataru Projects International Ltd₹24,217 Cr20.92.213.8%18.3%+12.6%
NBCC (India) Ltd₹20,498 Cr27.27.320.9%28.6%−33.0%
Cemindia Projects Ltd₹19,934 Cr32.13.728.1%32.4%+44.4%
Engineers India Ltd₹16,662 Cr21.03.422.6%29.2%+48.5%
Techno Electric & Engineering Company Ltd₹11,115 Cr25.82.713.6%14.1%−28.9%
Welspun Enterprises Ltd₹10,045 Cr32.61.910.6%14.9%+36.6%
Ircon International Ltd₹9,850 Cr18.81.69.6%9.9%−39.8%
KEC International Ltd₹9,648 Cr17.82.55.5%12.4%−57.8%
Rites Ltd₹9,554 Cr22.93.315.7%18.3%−21.2%
Peer median—21.02.310.6%14.7%−21.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns IRB Infrastructure Developers?

IRB Infrastructure Developers is held by promoters 30.8%, foreign institutions 43.9%, domestic institutions 10.2%.

Shareholding pattern

Latest filing, percent of shares
Promoters30.8%
The founders and controlling group.
Foreign institutions43.9%
Overseas funds investing through the FPI route.
Domestic institutions10.2%
Indian insurers, banks, pension and mutual funds together.
Mutual funds4.7%
Indian mutual fund schemes; part of domestic institutions.
Retail and others12.2%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about IRB Infrastructure Developers?

5 analysts cover IRB Infrastructure Developers, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

5 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does IRB Infrastructure Developers do and what is it sensitive to?

IRB Infrastructure Developers Ltd. Sensitive to: interest rates.

Business-model card

FY2025 · 30 verified
2Revenue
2Channels
2Regulators
5Reg. dependencies
3Sensitivities
3Costs
2Geographies

IRB Infrastructure Developers Ltd. builds and operates road infrastructure projects in India, which the filing reports as its only segment. Toll revenue is a function of toll rates and traffic growth, and tolls are set by a WPI-linked formula on many projects.

Revenue by segment

year ended March 31, 2025 (2024-25), consolidated business segment table
BOT/ TOT Projects31.8%
InvITs & Related Assets9.7%
Construction58.4%

Revenue engine

2 verified
Road Infrastructure Projects (sole reported segment)
Filing treats road infrastructure projects as the only operating segment; the excerpt gives no split by revenue line.
Toll revenue on operated road projects
Earns toll revenue, which the filing says is a function of toll rates and traffic growth.

Customers & channels

2 verified
Road users paying tolls via FASTag
Interpretation: electronic toll collection is the channel through which road users pay; the filing links it to shorter queues and customer experience.
Related parties as a share of total sales (48.0%)
The filing states that 48% of total sales are to related parties, so this share of revenue depends on related-party counterparties.

Regulators

2 verified
Government of India (toll rate setting)
Links toll rate increases to changes in WPI, which sets the revision mechanism for toll revenue.
National Highways Authority of India (NHAI)
Interpretation: NHAI is the authority whose assets were transferred to private operators who collect tolls; the excerpt does not state the company's own contractual relationship with NHAI.

Regulatory dependencies

5 verified
WPI-linked toll formula for post-2008 projects
Formula stated as 3% fixed plus 40% of WPI. Interpretation: toll revenue on these projects moves with WPI under this formula.
Toll revision timing on 4 to 6 laning projects
Toll collection starts from the appointed date at a 75% tariff, and rate revision happens on completion of the asset, so the timing of revision depends on completion.
Concession agreement expiry or termination
Filing lists expiry or termination of project SPV concession agreements as a factor that could make results differ materially.
2 more statements
Carbon tax as a probable regulatory change
Filing says a carbon tax would raise the price of energy from fossil fuels, which would raise operating cost.
Favourable policies for BOT and PPP
Filing lists a 100% exit policy for stressed BOT players and secured status for PPP projects while lending.

Sensitivities

3 verified
Interest rates
Filing gives a 50 basis point sensitivity on variable-rate financial assets of 59.12 million and says profit before tax is affected through floating-rate borrowings; average cost of debt is about 9%.
Economic activity and traffic volume
Rapid economic development increases traffic growth, while low economic activity has a negative impact on traffic volume, so toll revenue falls when activity slows.
Extreme weather and floods
Weather events raise exposure to hazardous incidents and can cause reduced production capacity, project delays and raw material price fluctuations.

Cost inputs

3 verified
Construction materials: cement, bitumen, steel
Materials for project construction; the filing says a fixed-price contract with the EPC contractor manages exposure to raw material price increases.
Tier-1 critical supplier spend
Critical suppliers are categorised on the basis of major materials procured by the organisation.
Supplier base and critical suppliers
Out of 2,122 suppliers, 166 were critical suppliers (34-Tier-1, and 132-Non-Tier-1).

Geographies

2 verified
India
The filing states activities are restricted within India and that no separate geographical segment disclosure is needed.
GQ corridor and key connector highways
Most projects are part of the GQ corridor or are key connectors between busy highways or economic and social hubs; the excerpt does not expand GQ.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (30 Jul 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCAUTION on 30 of 30 flags judged; 3 red.
  • History breakFY2026 step year (revenue -43%) in the 3- and 5-year growth figures: those figures span the accounts before and after it.
  • Data gapsPEG (vendor), Business quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓224 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 30 verified

Questions people ask

What is IRB Infrastructure Developers's share price today?

IRB Infrastructure Developers last traded at ₹17.77 on the NSE, as of 13 Oct 2026, 9:45 am IST, down 0.6% on the day, down 16.3% over a year. Its 52-week range is ₹17 to ₹24. The live price is in the app.

What is IRB Infrastructure Developers's market cap?

IRB Infrastructure Developers's market capitalisation is about ₹21,595 crore: what it would cost to buy every share at today's price. That makes it the 107th largest small cap company we cover.

Is IRB Infrastructure Developers Ltd a large cap, mid cap or small cap?

IRB Infrastructure Developers Ltd (IRB) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is IRB Infrastructure Developers Ltd's P/E ratio?

24.97, vs peers 21.0 · 13th of 20. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is IRB Infrastructure Developers Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 25.0 vs peers 21.0 (13th of 20); P/B 0.84 vs peers 2.3 (1st of 19).

How does IRB Infrastructure Developers Ltd make money?

IRB Infrastructure Developers Ltd. builds and operates road infrastructure projects in India, which the filing reports as its only segment. Toll revenue is a function of toll rates and traffic growth, and tolls are set by a WPI-linked formula on many projects.

Who are IRB Infrastructure Developers Ltd's peers?

Compared with 19 Civil Construction: Rail Vikas Nigam Ltd, Kalpataru Projects International Ltd, NBCC (India) Ltd, Cemindia Projects Ltd, Engineers India Ltd and 14 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did IRB Infrastructure Developers do last quarter?

IRB Infrastructure Developers reported revenue of ₹2,137 Cr, up 0.5% on a year earlier and a net profit of ₹306 Cr, down 86.9% in the Jun 2026 quarter.

Who owns IRB Infrastructure Developers?

IRB Infrastructure Developers is held by promoters 30.8%, foreign institutions 43.9%, domestic institutions 10.2%.

Does IRB Infrastructure Developers pay a dividend?

Yes. IRB Infrastructure Developers's dividend yield is 0.47% at the latest price; the last payout was ₹0.05 a share, ex-dividend 5 Aug 2026.

What do analysts say about IRB Infrastructure Developers?

5 analysts cover IRB Infrastructure Developers, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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