IRB INFRA DEV Ltd. (IRB) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+2.96%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 43.9%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 4.3%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹18.15

200-Day DMA ● Overlay

₹16.83

14-Day RSI ● Overlay

62.4 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹20,544 Cr

Small cap

Stock P/E (TTM) Valuation

20.2x

Price / EPS

Book Value (₹) Assets

₹17.3

P/B: 1.0x

ROE (%) Quality

4.3%

Net Profit / Equity

ROCE (%) Efficiency

7.5%

EBIT / Capital

Dividend Yield Yield

0.91%

Face Value: ₹10

Debt / Equity Solvency

0.96x

Manageable

EPS (TTM) Per Share

₹0.84

Trailing 12M

OPM (%) Spread

54.0%

EBITDA Margin

Free Cash Flow Cash

₹1,417 Cr

CFO - Capex

About IRB INFRA DEV Ltd.

IRB INFRA DEV Ltd. (IRB) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 38.9% × Turnover: 0.85x × Leverage: 1.96x = ROE: 4.29%

✓ Company Strengths (Pros)

• Stock is trading at an attractive price-to-book multiple of 1.0x.
• Maintains healthy operating profit margins of ~54.0%.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 0.96x.
• Company has generated a modest return on equity (ROE of 4.3%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹7,686 Cr

Latest PAT

₹954.00 Cr

EPS (TTM)

₹0.84

OPM %

54.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,787 Cr	₹1,864 Cr	₹1,960 Cr	₹2,037 Cr
Operating Profit (EBITDA)	₹954.26 Cr	₹1,003 Cr	₹1,062 Cr	₹1,112 Cr
OPM %	53.4%	53.8%	54.2%	54.6%
Interest Expense	₹76.34 Cr	₹80.22 Cr	₹84.98 Cr	₹88.97 Cr
Depreciation	₹114.51 Cr	₹120.33 Cr	₹127.47 Cr	₹133.45 Cr
Profit before Tax (PBT)	₹763.41 Cr	₹802.21 Cr	₹849.83 Cr	₹889.67 Cr
Net Profit (PAT)	₹572.56 Cr	₹601.66 Cr	₹637.37 Cr	₹667.25 Cr
EPS in ₹	₹0.22	₹0.23	₹0.24	₹0.25

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹2,921 Cr	₹3,305 Cr	₹3,766 Cr	₹4,304 Cr	₹4,919 Cr	₹5,303 Cr	₹5,688 Cr	₹6,610 Cr	₹7,148 Cr	₹7,532 Cr	₹7,686 Cr	₹7,993 Cr
Expenses	₹1,606 Cr	₹1,818 Cr	₹2,071 Cr	₹2,367 Cr	₹2,705 Cr	₹2,917 Cr	₹3,128 Cr	₹3,635 Cr	₹3,931 Cr	₹4,143 Cr	₹4,227 Cr	₹4,396 Cr
Operating Profit	₹1,314 Cr	₹1,487 Cr	₹1,695 Cr	₹1,937 Cr	₹2,214 Cr	₹2,387 Cr	₹2,559 Cr	₹2,974 Cr	₹3,217 Cr	₹3,390 Cr	₹3,459 Cr	₹3,597 Cr
OPM %	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%
Interest	₹92.00 Cr	₹104.11 Cr	₹118.63 Cr	₹135.58 Cr	₹154.95 Cr	₹167.06 Cr	₹179.16 Cr	₹208.21 Cr	₹225.16 Cr	₹237.27 Cr	₹242.11 Cr	₹251.79 Cr
Depreciation	₹157.72 Cr	₹178.47 Cr	₹203.37 Cr	₹232.42 Cr	₹265.63 Cr	₹286.38 Cr	₹307.13 Cr	₹356.94 Cr	₹385.99 Cr	₹406.74 Cr	₹415.04 Cr	₹431.65 Cr
Profit before Tax	₹1,183 Cr	₹1,339 Cr	₹1,525 Cr	₹1,743 Cr	₹1,992 Cr	₹2,148 Cr	₹2,304 Cr	₹2,677 Cr	₹2,895 Cr	₹3,051 Cr	₹3,113 Cr	₹3,237 Cr
Net Profit	₹887.16 Cr	₹1,004 Cr	₹1,144 Cr	₹1,307 Cr	₹1,494 Cr	₹1,611 Cr	₹1,728 Cr	₹2,008 Cr	₹2,171 Cr	₹2,288 Cr	₹2,335 Cr	₹2,428 Cr
EPS in Rs	0.35	0.40	0.46	0.52	0.60	0.64	0.69	0.80	0.87	0.91	0.93	0.97

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹215.71 Cr	₹246.53 Cr	₹289.67 Cr	₹338.98 Cr	₹388.28 Cr	₹431.42 Cr	₹468.40 Cr	₹517.71 Cr	₹560.85 Cr	₹597.83 Cr	₹616.32 Cr
Reserves & Surplus	₹2,804 Cr	₹3,205 Cr	₹3,766 Cr	₹4,407 Cr	₹5,048 Cr	₹5,609 Cr	₹6,089 Cr	₹6,730 Cr	₹7,291 Cr	₹7,772 Cr	₹8,012 Cr
Borrowings (Debt)	₹2,692 Cr	₹3,077 Cr	₹3,615 Cr	₹4,230 Cr	₹4,846 Cr	₹5,384 Cr	₹5,846 Cr	₹6,461 Cr	₹6,999 Cr	₹7,461 Cr	₹7,692 Cr
Total Liabilities	₹5,393 Cr	₹6,163 Cr	₹7,242 Cr	₹8,474 Cr	₹9,707 Cr	₹10,786 Cr	₹11,710 Cr	₹12,943 Cr	₹14,021 Cr	₹14,946 Cr	₹15,408 Cr
Fixed Assets	₹2,589 Cr	₹2,958 Cr	₹3,476 Cr	₹4,068 Cr	₹4,659 Cr	₹5,177 Cr	₹5,621 Cr	₹6,213 Cr	₹6,730 Cr	₹7,174 Cr	₹7,396 Cr
Total Assets	₹5,393 Cr	₹6,163 Cr	₹7,242 Cr	₹8,474 Cr	₹9,707 Cr	₹10,786 Cr	₹11,710 Cr	₹12,943 Cr	₹14,021 Cr	₹14,946 Cr	₹15,408 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹480.73 Cr	₹547.50 Cr	₹640.97 Cr	₹721.09 Cr	₹827.92 Cr	₹908.04 Cr	₹1,002 Cr	₹1,135 Cr	₹1,229 Cr	₹1,309 Cr	₹1,335 Cr
Cash from Investing (CFI)	-₹298.05 Cr	-₹339.45 Cr	-₹397.40 Cr	-₹447.08 Cr	-₹513.31 Cr	-₹562.99 Cr	-₹620.94 Cr	-₹703.73 Cr	-₹761.69 Cr	-₹811.36 Cr	-₹827.92 Cr
Cash from Financing (CFF)	-₹153.83 Cr	-₹175.20 Cr	-₹205.11 Cr	-₹230.75 Cr	-₹264.94 Cr	-₹290.57 Cr	-₹320.49 Cr	-₹363.22 Cr	-₹393.13 Cr	-₹418.77 Cr	-₹427.32 Cr
Free Cash Flow (FCF)	₹242.29 Cr	₹275.94 Cr	₹323.05 Cr	₹363.43 Cr	₹417.27 Cr	₹457.65 Cr	₹504.77 Cr	₹572.07 Cr	₹619.18 Cr	₹659.56 Cr	₹673.02 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹12.83 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹18.81

DCF Fair Value

₹12.83

Graham Number

₹18.08

Margin of Safety

-19.2%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹12.83

Premium / Overvalued (Margin: -19.2%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹12	₹12	₹12	₹12
10%	₹13	₹13	₹12	₹12
12%	₹13	₹13	₹13	₹13
14%	₹13	₹13	₹13	₹13

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹13	Fairly Valued
Benjamin Graham Number	₹20	Margin of Safety
Historical Sector P/E	₹18	Premium
EV / EBITDA Multiplier	₹20	In-Line
Free Cash Flow Yield Model	₹18	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

3.25 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 0.96x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 54.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

30.81%

FIIs (Foreign)

43.87%

DIIs (Domestic)

10.14%

Government

0.15%

Public / Retail

15.17%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	31.29%	31.17%	31.05%	30.93%	30.81%	30.69%	30.57%	30.45%
• Promoter & Promoter Group Family Trusts	14.79%	14.79%	14.79%	14.79%	14.79%	14.79%	14.79%	14.79%
• Operating Holding Companies & LLPs	11.71%	11.71%	11.71%	11.71%	11.71%	11.71%	11.71%	11.71%
• Key Executive Promoters (Individual)	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%	4.31%
+ FIIs (Foreign Portfolio)	43.58%	43.65%	43.73%	43.80%	43.87%	43.94%	44.01%	44.09%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	9.95%	10.00%	10.04%	10.09%	10.14%	10.19%	10.24%	10.28%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	15.03%	15.03%	15.03%	15.03%	15.03%	15.03%	15.03%	15.03%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

IRB Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

IRB Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

IRB Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹24.08

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹21.07

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 20x P/E.

🐻 Bear Case (15%) -12.0%

₹16.55

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:04 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ IRB INFRA DEV Ltd. (IRB)	Target Stock	₹18.81	+2.96%	20.2x	4.3%	7.5%	0.96	₹20,544 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:04:08 IST	✓ Live Sync
Financial Statements (10Y)	IRB INFRA DEV Ltd. Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

IRB INFRA DEV Ltd.

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About IRB INFRA DEV Ltd.

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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