IRB Infra DEV Ltd.

NSE: IRB · Civil Construction · sector

₹16.26NSE close 2026-10-26

Key numbers

Market cap₹19,639 cr

Price₹16.26

52w high / low₹24 / ₹16

P/E20.6xSector median 12.2x

P/B0.9xSector median 1.3x

Book value₹17.3

Dividend yield0.65%Sector median 0.76%

ROE4.7%Sector median 10.2%

ROCE7.6%Sector median 12.9%

OPM53.9%Sector median 10.7%

Debt / equity0.96xSector median 0.36x

EV/EBITDA9.1xSector median 8.8x

Interest cover1.8x

Current ratio1.24x

Sales growth 3y+6.1%Sector median +6.7%

Profit growth 3y+5.7%Sector median +5.8%

PEG3.70x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2,092 cr vs borrowings ₹20,008 cr (FY26): borrowings are higher by ₹17,916 cr.
Operating profit covered interest 1.8x in the last 12 months.
0.03% of the promoters' shares are pledged (0.0% of all shares).
Promoter holding rose by 0.76 percentage points in a year, to 31.18% (2026-09-30).
Operating cash flow was below net profit in 1 of the last 5 years (FY25).
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 18% of net profit in the last 12 months.
Debtor days went from 37 (FY24) to 7 (FY26).
Dividend paid in 4 of the last 5 financial years.
Price ₹16.26 on 2026-10-26: -32.1% from the 52-week high, 0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹63.15 · low ₹16.26

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,586	2,025	2,149	2,099	1,751	1,871	1,927	2,137
EBITDA	767	6,788	998	952	925	980	1,083	1,153
OPM %	48.3%	335.2%	46.4%	45.4%	52.8%	52.4%	56.2%	53.9%
Other income	166	65	69	66	49	41	50	35
Net profit	100	6,026	215	202	141	211	296	306
EPS (₹)	0.09	4.99	0.17	0.17	0.12	0.17	0.25	0.25
Revenue YoY					+10.4%	-7.6%	-10.3%	+1.8%
Profit YoY					+41.0%	-96.5%	+38.0%	+51.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	5,804	6,402	7,409	7,613	7,648	7,686
EBITDA	2,798	3,229	3,332	9,410	3,939	4,140
Net profit	361	720	606	6,481	850	954
EPS (₹)	4.34	0.59	0.50	5.37	0.70	0.79
Revenue growth		+10.3%	+15.7%	+2.8%	+0.5%	-2.2%
Profit growth		+99.2%	-15.9%	+969.7%	-86.9%	-85.4%
Dividend / share (₹)	–	1.25	0.28	0.40	0.21

Compounded growth	3 years	5 years	Last 12 months
Sales	+6.1%	+7.6%	-2.2%
Net profit	+5.7%	+48.7%	-85.4%
EPS	+5.6%	-15.9%	–
Share price	–	-22.5% (2y)	-21.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	13,379	13,745	19,827	20,949
Borrowings	–	16,740	18,649	20,577	20,008
Cash & equivalents	–	2,613	2,028	3,462	2,092
Total assets	–	42,766	44,920	53,896	54,054
Fixed assets	–	935	911	964	925
Capital work in progress	–	8	8	1	4
Investments	–	4,945	9,377	17,081	19,147
Receivables	–	1,635	759	331	155
Inventory	–	299	293	339	367
Payables	–	502	676	522	257

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	364	1,764	4,054	1,971	2,098
Cash from investing	-1,553	-650	-3,644	375	-910
Cash from financing	589	-860	-477	-720	-2,702
Capex	1,390	431	239	199	732
Free cash flow	-1,025	1,333	3,815	1,773	1,366

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	5.4%	4.4%	32.7%	4.1%
ROCE %	–	9.0%	9.7%	21.8%	7.3%
Debtor days	–	93	37	16	7
Inventory days	–	261	263	206	199
Payable days	–	438	607	317	139
Cash conversion cycle (days)	–	-84	-307	-95	67
Working capital days	–	152	46	104	43

Shareholding

Holder	% (2026-09-30)
Promoters	31.18%
FIIs	43.64%
DIIs	10.18%
of which Mutual funds	4.74%
of which Insurance	5.44%
Government	0.01%
Public (non-institutions)	15.00%

Quarter	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Apr 2026	Jun 2026	Sep 2026
Promoters %	30.42%	30.42%	30.42%	30.42%	30.79%	30.79%	30.81%	31.18%

Promoter group	%
IRB Holding Private Limited	30.31%
Virendra D Mhaiskar	0.84%
Deepali Virendra Mhaiskar	0.02%
Sudha Dattatray Mhaiskar	0.01%
Virendra D Mhaiskar HUF	0.00%
Aryan Virendra Mhaiskar	0.00%
Ideal Toll and Infrastructure Private Limited	0.00%
DSM Projects Private Limited	0.00%
SDM Ventures Private Limited	0.00%

Public holders above 1%	%
Cintra INR Investments B V	19.86%
Bricklayers Investment PTE. Ltd	16.94%
Lici Ulip-growth Fund	5.13%
Quant Mutual Fund - Quant MID CAP Fund	3.67%
Government of Singapore	1.71%

15,15,489 shareholders. Pledged: 0.03% of promoter shares.

Peers in Civil Construction

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
LT	₹5,06,276 cr	30.5x	4.6x	16.7%	12.8%	9.4%	+22.2%	0.92%
RVNL	₹38,083 cr	42.4x	3.9x	9.3%	10.5%	4.3%	+0.2%	1.51%
KPIL	₹22,134 cr	19.5x	2.8x	15.9%	17.7%	8.4%	+18.4%	0.69%
IRB	₹19,639 cr	20.6x	0.9x	4.7%	7.6%	53.9%	+6.1%	0.65%
CEMPRO	₹19,444 cr	32.3x	8.1x	28.4%	32.3%	10.4%	+25.5%	0.18%
NBCC	₹18,536 cr	25.1x	6.1x	27.0%	33.9%	5.8%	+13.8%	1.08%
ENGINERSIN	₹13,725 cr	17.5x	4.4x	27.0%	28.8%	19.4%	+5.7%	1.84%
TECHNOE	₹9,612 cr	22.3x	2.3x	10.9%	13.7%	14.0%	+57.7%	1.09%
IRCON	₹9,177 cr	17.5x	1.4x	8.1%	8.2%	8.3%	-4.4%	2.25%
RITES	₹9,102 cr	21.9x	3.4x	15.7%	22.5%	22.6%	-2.8%	4.59%

All 119 companies in Civil Construction →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Construction	₹3,622 cr	47.4%	₹569 cr	15.7%
BOT/ TOT Projects	₹2,692 cr	35.2%	₹1,317 cr	48.9%
InvITs & Related Assets	₹1,318 cr	17.2%	₹1,220 cr	92.6%
Unallocated corporate	₹16 cr	0.2%	₹-28 cr	-181.4%

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-05	Dividend	Interim Dividend - Re 0.05 Per Share
2026-05-26	Dividend	Interim Dividend - Re 0.05 Per Share
2026-03-30	Bonus	Bonus 1:1
2026-02-18	Dividend	Interim Dividend - Re 0.07 Per Share
2025-11-18	Dividend	Interim Dividend - Rs 0.07 Per Share
2025-08-29	Dividend	Interim Dividend - Re 0.07 Per Share
2025-02-06	Dividend	Interim Dividend - Re 0.10 Per Share
2024-11-08	Dividend	Interim Dividend - Re 0.10 Per Share
2024-08-20	Dividend	Interim Dividend - Re 0.1 Per Share
2024-05-15	Dividend	Interim Dividend - Re 0.10 Per Share
2024-02-08	Dividend	Interim Dividend - Re 0.10 Per Share
2023-11-06	Dividend	Inteim Dividend - Re 0.10 Per Share
2023-05-29	Dividend	Interim Dividend - Re 0.075 Per Share
2023-02-22	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share
2022-08-12	Dividend	Interim Dividend - Rs 1.25 Per Share
2020-07-16	Dividend	Dividend - Rs 5 Per Share
2019-09-20	Other	Annual General Meeting
2018-08-27	Other	Annual General Meeting
2018-08-01	Dividend	Interim Dividend- Rs 2.50 Per Share (Purpose Revised)
2018-02-15	Dividend	Interim Dividend Rs 2.50 Per Share (Purpose Revised)

Documents

Links go to the original files on the exchange website.

About the company

Construction and Maintenance of Roads and Toll Operations*: Construction and Maintenance of Roads


Sector	Industrials
Industry	Civil Construction
Sub-industry	Civil Construction
Symbol	IRB
BSE code	532947
ISIN	INE821I01022
Face value	₹1.0
Incorporated	1998-07-27
Website	www.irb.co.in
Plants (India / abroad)	36 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.