IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd (IRB)

IRB Infrastructure Developers Ltd (IRB)

₹198.11.45%

Key Stats

₹193.7
Day's Price Range
₹198.8
₹148.05
52-Week Price Range
₹345.85
1 Month Return-13.03 %
3 Month Return-22.36 %
1 Year Return24.04 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 17
23.92
EPS
Rank 8
₹8.16
BVPS
Rank 6
₹196.35
Dividend Yield
Rank 13
ROE
Rank 19
6.95%
Price To Book Ratio
Rank 8
0.99
Debt To Asset
Rank 16
0.83

Company Information

IRB Infrastructure Developers Limited IRB is one of the leading infrastructure development companies in India in road and highway sector with presence in BuildOperateTransfer BOT and HAM space. The company has a portfolio of 17 owned projects and 7 projects under OM contracts as a project manager for IRB InvIT. Of the 17 owned projects 7 projects are under operational BOT space 3 under HAM space 4 projects under Tolling Construction another 2 projects under advanced stages of construction and 1 project under development stage. The company has successfully completed 7 Concessions till date. IRB Infrastructure Developers Limited was incorporated in 27th July of the year 1998 to fund the capital requirements of the IRB Group initiatives in the infrastructure sector and to build up the capabilities in handling BOT Build operate and Transfer projects. The Company undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. IRBs work spans from building of roads highways bridges and tunnels recently the company diversified its business into real estate development sector also. The Company had signed concession agreements for Thane Bhiwandi Bypass Phase II Khambatki Ghat project and Kaman Paygaon project based on the BOT basis in inception year of 1998 itself. During 19992000 all of the above agreements had successfully completed. IRB made a joint venture agreement with Mudajaya Corporation of Malaysia to execute the NHAI National Highways Authority India funded contract for Ratanpur to Himmatnagar section of NH 8 for 54 kms in the year 2001 and in the same year the company had signed agreement for AhmadnagarKarmalaTemburni Road project on a BOT basis. In the year 2002 IRB had signed rehabilitation works contract with the NHAI for VadodaraSurat section of NH 8 in Gujarat and also signed agreement for the MoholKurulKamtiMandrup road on a BOT basis both agreement signed in the month of May. Followed agreement where signed in the year of 2003 in the month of February concession agreement for the Pune Sholapur Project and in the month of August agreement for the Pune Nashik project the above agreement based on a BOT basis.The construction activities in the AhmadnagarKarmalaTemburni Road project and Thane Bhiwandi Bypass BOT project Phase II were completed in the month of August and December respectively in the year 2003. During the year 2004 IRB emerged as the highest bidder for MumbaiPune Expressway project by making upfront payment of Rs. 918 crore to MSRDC Maharashtra State Road Development Corporation for concession rights for a period of 15 years in the month of August. The Company had signed concession agreement and financial closure of the Mumbai Pune Expressway project of Rs. 1181.41 crore. IRB completed construction activities of the NH 4 and commencement of toll collection on the Mumbai Pune Expressway. During the year of 2005 the company had signed agreement with the NHAI for the fourlaning of a km 64000 to km 94000 and b Km 123 to km 153 of the NagpurHyderabad section of NH 7 in the State of Maharashtra in the same year one more concession agreement was signed and financial closure of the Thane Ghodbunder project with financing of Rs.216.60 crore. In December the construction activities for Pune Nashik project were completed. In the year 2006 IRB achieved financial closure of the Bharuch Surat project with financing of Rs. 1210.95 crore. IRB formed a consortium with Deutsche Bank AG Singapore to jointly prequalify for eight packages of four to six laning under NHDP in the month of January of the year 2007. In the same year IRB awarded the contract by the Ahmedabad Municipal Corporation AMC for the construction of Janmarg Bus Rapid Transport System Project from Narol Circle to Naroda Patiya in Ahmedabad for a total project cost of Rs. 132.99 crore. In the month of June IRB awarded the funded contract from the same AMC for construction of Janmarg Bus Rapid Transport System Project from PiranaDanilimadaManinagarNarol in Ahmedabad for a total project cost of Rs. 78.36 crore.In September of the year 2007 IRB granted prequalified status that entitled the IRB Group to submit request for proposals for certain NHDP Phase V road infrastructure projects namely the ChennaiTada project on NH 5 the Gurgaon Kotputli Jaipur project on NH 8 the Surat Dahisar project on NH 8 the Chilkaluripet Vijayawada project on NH 5 and the Panipat Jalandhar project on NH 1 and also in the same period the company had acquired IRBPL IRB Infra NKT TGTRPL and MIPL. IRB declared as successful bidder for the Projects of Six Lanning of Surat Dahisar section of NH8 from Km 263.00 to Km 502.00 Length 239 Km in the state of Gujarat / Maharashtra to be executed as BOT Pattern under NHDP Phase V and Integrated Road Development Programme IRDP for Kolhapur City in February of the year 2008. As at April 2008 the project had executed between NHAI and IRB Surat Dahisar Tollway Private Limited at New Delhi. In 2008 IRB Infrastructure Developers successfully raised Rs 944.57 crore through an initial public offer IPO which was priced at Rs 185 per share. In 2009 IRB Infrastructure Developers won its maiden airport project to set up a Greenfield airport at Sindhudurg in Maharashtra. During the year the company won Surat Dahisar Project the first mega highway project of the country. The company was also awarded Integrated Road Development IRD programme in Kolhapur city. During the year the company won 3 National Highways Authority of India NHAI Projects viz. Amritsar Pathankot in Punjab Talegaon Amravati in Maharashtra and Jaipur Deoli in Rajasthan.In 2010 the company won Tumkur Chitradurga BOT Project of NHAI on DBFOT pattern in the state of Karnataka. In 2011 the company was awarded Ahmedabad Vadodara Project the First ever Ultra Mega project of NHAI on BOT basis DBFOT pattern in the state of Gujarat. In 2013 the company was awarded Goa/Karnataka Border to Kundapur Project on NH17 in the state of Karnataka.In 2014 IRB Infrastructure Developers acquired M.V.R. Infrastructure and Tollways Pvt. Ltd. During the year IRB Infrastructure Developers was awarded 3 NHAI Projects on DBFOT Pattern viz. Soalpur Yedeshi Maharashtra Yedeshi Aurangabad Maharashtra and Kaithal Rajasthan Border Rajasthan.In 2015 IRB Infrastructure Developers successfully raised Rs 440 crore by way of QIP. During the year the company won project of Six Laning of Agra Etawah section of NH2. In 2016 IRB Infrastructure Developers won 3 Six Laning Projects of NHAI on DBFOT Pattern in the state of Rajasthan viz. Udaipur to Gujarat Border section on NH8 Gulabpura to Chittorgarh section on NH79 and Kishangarh to Gulabpura section of NH79.In 2017 IRB Infrastructure Developers achieved COD for Kaithal Rajasthan Border fourlaning highway project. It also executed Concession Agreement with NHAI for Kishangarh Gulabpura Section of NH79 NH79A. During the year the company launched Indias first ever Infrastructure Investment Trust Fund and raised Rs 5032 crore.In 2018 IRB Infrastructure Developers bagged Hapur Moradabad Bypass Project of 99.867 Kms under BOT space in Uttar Pradesh with cost outlay of Rs 3400 crore. The company also bagged another project of 23.74 Kms stretch on Vadodara Mumbai Expressway in Gujarat under Hybrid Annuity HAM with cost outlay of Rs 2043 crore. During the year the company bagged 2 projects aggregating 94.80 Kms in Tamil Nadu under Hybrid Annuity Model HAM with cost outlay of Rs 3492 crore. During the year the company achieved COD for Solapur Yedeshi four laning highway project in Maharashtra.During the financial year the Board of Directors approved shifting of the Registered Office of the Company to Wing A 2nd Floor Office No. 201 Universal Business Park Chandivali Farm Road Off Saki Vihar Road Andheri E Mumbai 400 072 with effect from July 1 2017 which is within the local limits of Mumbai city. The Board of Directors vide circular resolution dated March 30 2018 approved shifting of the Registered Office of the Company to Office No. 11th Floor / 1101 Hiranandani Knowledge Park Technology Street Hill Side Avenue Opp. Hiranandani Hospital Powai Mumbai 400 076 with effect from April 1 2018 which is within the local limits of Mumbai.
OrganisationIRB Infrastructure Developers Ltd
HeadquartersMumbai
IndustryInfrastructure Developers & Operators