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IRB - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.5

Stock Code IRB Market Cap 25,207 Cr. Current Price 41.8 ₹ High / Low 54.4 ₹
Stock P/E 28.2 Book Value 25.2 ₹ Dividend Yield 0.72 % ROCE 7.21 %
ROE 8.13 % Face Value 1.00 ₹ DMA 50 41.7 ₹ DMA 200 44.0 ₹
Chg in FII Hold -0.08 % Chg in DII Hold 0.39 % PAT Qtr 287 Cr. PAT Prev Qtr 188 Cr.
RSI 51.8 MACD -0.02 Volume 72,03,636 Avg Vol 1Wk 86,34,921
Low price 37.0 ₹ High price 54.4 ₹ PEG Ratio 0.62 Debt to equity 0.78
52w Index 27.5 % Qtr Profit Var -3.20 % EPS 1.47 ₹ Industry PE 15.2

📊 Financial Overview

  • Revenue & Profitability: PAT rose from ₹188 Cr. to ₹287 Cr. (QoQ), showing growth, but quarterly profit variation (-3.20%) indicates inconsistency.
  • Margins: ROE at 8.13% and ROCE at 7.21% are modest, reflecting average profitability and efficiency.
  • Debt: Debt-to-equity ratio of 0.78 is manageable, indicating moderate leverage.
  • Cash Flow: EPS of ₹1.47 is low relative to price, limiting earnings strength.

💹 Valuation Metrics

  • P/E Ratio: 28.2 vs Industry PE of 15.2 → trading at a premium compared to peers.
  • P/B Ratio: Price ₹41.8 vs Book Value ₹25.2 → trading above book, showing investor optimism.
  • PEG Ratio: 0.62 → suggests fair valuation relative to growth.
  • Intrinsic Value: Moderately overvalued; fundamentals do not fully justify premium multiples.

🏢 Business Model & Competitive Advantage

  • IRB Infrastructure operates in road development and toll collection projects.
  • Competitive advantage lies in established presence in infrastructure projects, but profitability metrics remain average.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹37–42 range looks safer given valuation and fundamentals.
  • Long-Term Holding: Suitable for investors seeking exposure to infrastructure growth. Monitor profitability consistency and debt levels.

✅ Positive

  • Quarterly PAT growth from ₹188 Cr. to ₹287 Cr.
  • Moderate debt-to-equity ratio (0.78).
  • PEG ratio (0.62) indicates fair valuation relative to growth.

⚠️ Limitation

  • Low EPS (₹1.47) relative to price.
  • ROE (8.13%) and ROCE (7.21%) are modest.
  • P/E ratio (28.2) is higher than industry average.

📉 Company Negative News

  • Quarterly profit variation (-3.20%) shows inconsistency.
  • FII holdings decreased slightly (-0.08%).

📈 Company Positive News

  • Quarterly PAT improved significantly (₹287 Cr. vs ₹188 Cr.).
  • DII holdings increased (+0.39%), showing domestic institutional confidence.

🏦 Industry

  • Industry PE at 15.2 highlights sector trades at lower multiples than IRB.
  • Infrastructure sector growth supported by government spending and road development projects.

🔎 Conclusion

  • IRB Infrastructure shows moderate fundamentals with manageable debt but trades at a premium valuation.
  • Entry around ₹37–42 is safer for long-term investors.
  • Hold for exposure to infrastructure growth, but monitor profitability consistency and valuation risks.

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