IRB Infrastructure Developers Limited

BSE: IRB532947ISIN INE821I01022

Industrials
Civil Construction
BSE 500

BSE listing

Share price

₹18.54-0.32 (-1.70%)

as of 18 Sep 2026

52W high: ₹45.93
52W low: ₹18.39
Off 52W high: -59.63%
1M return: -2.27%
3M return: -13.57%
6M return: -55.34%
1Y return: -57.96%
20D avg volume: 11,74,398
50 DMA: ₹19.53
200 DMA: ₹29.23

Key ratios Consolidated

Market cap: ₹22,393 Cr
Current price: ₹18.54
52W high / low: ₹45.93 / ₹18.39
Face value: ₹1.00
P/E: 23.47
P/B: —
EPS (TTM): ₹0.79
Book value / share: —
ROE: —
ROCE: 6.00%
Operating margin: —
Net margin: —
Debt / equity: 0.96
Net debt: ₹19,662 Cr
Interest cover: 1.71
Dividend yield: 1.29%
Dividend / share (TTM): ₹0.24
Payout: 30.38%
Cash conversion cycle: 12.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,137	1,927	1,871	1,751	2,099	2,149	2,025	1,586	1,853	2,061	1,969	1,745
	35.39	49.89	41.05	49.28	65.61	68.62	64.94	165.78	118.75	443.25	108.75	129.51
	1,756	1,571	1,575	1,539	1,878	1,895	1,768	1,485	1,690	2,060	1,783	1,618
	229.16	113.19	105.57	154.34	299.56	255.89	143.58	58.95	142.49	117.27	123.98	82.40
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	109.28	94.49	104.96	119.74	104.28	108.75	108.67	107.49	100.73	95.85	106.47	108.04
	438.02	405.77	436.42	450.96	462.00	457.65	461.36	434.21	438.71	614.55	432.70	434.58
	333.38	321.31	289.41	262.12	269.21	286.31	265.10	231.20	255.01	274.23	251.31	232.69
	646.28	636.53	638.21	552.33	743.14	786.73	123.29	76.58	133.28	96.33	94.13	115.17
	416.55	405.61	337.66	260.81	286.38	322.52	322.70	267.11	282.04	444.34	294.21	256.86
	0.00	0.00	-42.65	0.00	0.00	0.00	5,804	0.00	0.00	0.00	0.00	0.00
	416.55	405.61	295.01	260.81	286.38	322.52	6,127	267.11	282.04	444.34	294.21	256.86
	110.28	109.35	84.22	119.98	83.90	107.80	100.72	83.52	88.67	120.14	56.05	85.82
	306.27	296.26	210.79	140.82	202.48	214.72	6,026	99.87	139.98	188.88	187.42	95.75
	0.25	0.25	0.35	0.23	0.34	0.35	9.98	0.17	0.23	0.31	0.31	0.16
Key metrics
	1,188	1,133	1,021	973.89	1,018	1,066	6,853	932.52	975.76	1,333	978.22	924.13
	55.60%	58.80%	54.60%	55.60%	48.50%	49.60%	338.40%	58.80%	52.70%	64.70%	49.70%	53.00%
	14.30%	15.40%	11.30%	8.00%	9.60%	10.00%	297.50%	6.30%	7.60%	9.20%	9.50%	5.50%
	—	1.60%	—	1.40%	—	1.60%	—	—	—	—	—	—
	1.80%	-10.30%	-7.60%	10.40%	13.30%	4.30%	2.90%	-9.10%	—	—	—	—
	51.30%	38.00%	-96.50%	41.00%	44.60%	13.70%	3,115.30%	4.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	7,686	7,648	7,613	7,409	6,402	5,804	5,299	6,852	6,707	5,694
	175.61	205.83	418.08	792.76	301.67	551.75	188.90	194.96	195.60	168.67
	6,441	6,564	6,837	6,935	5,519	5,580	5,060	5,913	5,429	4,525
	602.26	672.65	600.91	406.33	418.76	470.12	399.07	436.77	323.11	73.00
	0.00	0.00	0.00	—	—	—	—	—	—	—
	428.47	423.47	425.64	394.02	346.16	287.32	261.86	287.35	286.17	291.46
	1,731	1,755	1,792	1,863	1,515	1,891	1,692	1,564	1,120	966.67
	1,206	1,142	1,038	994.95	832.12	682.77	581.70	468.31	539.51	—
	2,473	2,570	2,981	384.21	330.96	340.38	362.25	341.07	363.56	326.71
	1,421	1,290	1,194	1,266	1,184	775.85	427.41	1,134	1,473	1,337
	-42.65	-42.65	5,804	0.00	0.00	0.00	0.00	57.39	0.00	126.69
	1,378	1,248	6,998	1,266	1,184	775.85	427.41	1,191	1,473	1,464
	423.83	397.45	380.71	345.62	356.94	188.23	144.47	454.37	623.36	544.35
	954.14	850.36	6,481	605.82	720.01	361.40	117.15	720.86	849.97	919.66
	1.08	0.70	10.73	1.00	1.19	8.69	3.33	20.51	24.18	—
Key metrics
	4,315	4,145	9,828	4,125	3,531	3,349	2,702	3,224	3,133	2,431
	56.14%	54.20%	129.10%	55.70%	55.20%	57.70%	51.00%	47.00%	46.70%	42.70%
	12.41%	11.10%	85.10%	8.20%	11.20%	6.20%	2.20%	10.50%	12.70%	16.20%
	—	6.00%	17.50%	—	—	—	—	—	—	—
	—	0.50%	2.80%	15.70%	10.30%	9.50%	-22.70%	2.20%	17.80%	—
	—	-86.90%	969.70%	-15.90%	99.20%	208.50%	-83.70%	-15.20%	-7.60%	—
	—	2,034	1,859	—	—	—	—	—	—	—
	—	2.47	0.30	—	—	—	—	—	—	—
	—	0.96	1.04	—	—	—	—	—	—	—
	—	19,662	18,718	—	—	—	—	—	—	—
	—	12.6	7.1	—	—	—	—	—	—	—
Balance sheet
	—	54,054	53,896	—	—	—	—	—	—	—
	—	4,682	5,909	—	—	—	—	—	—	—
	—	346.31	1,860	—	—	—	—	—	—	—
	—	155.38	330.95	—	—	—	—	—	—	—
	—	366.96	338.58	—	—	—	—	—	—	—
	—	1,362	1,149	—	—	—	—	—	—	—
	—	924.91	963.97	—	—	—	—	—	—	—
	—	256.85	521.75	—	—	—	—	—	—	—
	—	3,780	3,746	—	—	—	—	—	—	—
	—	20,008	20,577	—	—	—	—	—	—	—
	—	2,231	1,882	—	—	—	—	—	—	—
	—	17,777	18,695	—	—	—	—	—	—	—
	—	20,949	19,827	—	—	—	—	—	—	—
Cash flow
	—	2,098	1,971	—	—	—	—	—	—	—
	—	-909.58	375.36	—	—	—	—	—	—	—
	—	-2,702	-719.71	—	—	—	—	—	—	—
	—	64.20	112.63	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,230	1,172	1,097	1,065	1,294	1,466	1,349	993.75	1,254	1,426	1,340	1,114
	55.55	199.63	99.69	107.38	76.19	144.11	140.97	256.41	205.61	517.33	204.12	145.00
	925.83	884.96	830.19	876.52	1,184	1,254	1,190	1,050	1,299	1,543	1,345	1,087
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	18.00	11.29	18.41	16.49	14.36	10.62	20.58	18.32	20.41	18.86	26.54	23.46
	147.51	152.10	151.22	153.04	157.20	156.78	153.55	129.98	137.12	357.04	126.31	124.39
	0.00	0.00	0.00	0.00	0.00	74.30	—	—	—	—	—	—
	760.32	721.56	660.55	706.99	1,012	1,012	53.15	40.13	44.97	30.27	19.35	17.79
	359.98	486.43	366.25	295.59	186.40	356.43	299.95	200.24	161.49	400.69	199.06	171.71
	0.00	0.00	-10.69	0.00	0.00	0.00	4,795	—	—	—	—	—
	359.98	486.43	355.57	295.59	186.40	356.43	5,095	200.24	161.49	400.69	199.06	171.71
	90.45	96.53	77.00	107.21	46.63	77.99	60.98	40.35	19.65	87.12	9.98	41.97
	269.53	389.90	278.56	188.37	139.77	278.44	5,034	159.89	141.84	313.57	209.04	129.74
	0.22	0.33	0.46	0.31	0.23	0.46	8.34	0.27	0.23	0.52	0.35	0.21
Key metrics
	507.49	638.53	506.79	448.63	343.60	587.51	5,248	330.22	298.61	757.73	325.37	296.10
	41.30%	54.50%	46.20%	42.10%	26.60%	40.10%	389.00%	33.20%	23.80%	53.10%	24.30%	26.60%
	21.90%	33.30%	25.40%	17.70%	10.80%	19.00%	373.10%	16.10%	11.30%	22.00%	15.60%	11.60%
	—	2.50%	—	1.80%	—	2.20%	—	—	—	—	—	—
	-4.90%	-20.10%	-18.70%	7.10%	3.20%	2.80%	0.70%	-10.80%	—	—	—	—
	92.80%	40.00%	-94.50%	17.80%	-1.50%	-11.20%	2,308.10%	23.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,563	4,627	5,063	4,826	4,160	2,600	2,750	3,992	3,385	2,899
	462.25	482.90	747.10	1,025	402.88	475.72	319.78	170.60	238.71	426.48
	3,518	3,775	4,792	4,947	4,104	2,645	2,867	3,792	3,163	2,810
	0.00	0.00	0.00	—	—	1,789	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	64.19	60.55	69.92	83.68	75.91	47.81	42.60	60.86	53.48	87.89
	603.87	613.57	577.42	707.30	371.15	720.13	491.93	319.42	227.98	225.34
	0.00	0.00	212.55	—	—	—	—	—	—	—
	2,849	3,101	3,932	83.62	76.20	88.60	97.96	86.91	69.04	61.35
	1,508	1,335	1,018	903.76	459.29	429.91	202.65	369.83	460.12	515.86
	-10.69	-10.69	4,795	—	—	—	—	-1.65	—	—
	1,498	1,324	5,813	903.76	459.29	429.91	202.65	368.19	460.12	515.86
	371.19	327.38	198.97	141.37	87.02	110.12	14.14	88.98	131.35	71.76
	1,126	996.60	5,614	762.39	372.26	319.79	188.51	279.20	328.77	444.10
	1.32	0.82	9.30	1.26	0.62	7.69	5.36	7.94	9.35	—
Key metrics
	2,101	1,938	6,603	1,611	830.44	1,150	694.58	687.61	688.10	741.20
	46.05%	41.90%	130.40%	33.40%	20.00%	44.20%	25.30%	17.20%	20.30%	25.60%
	24.68%	21.50%	110.90%	15.80%	8.90%	12.30%	6.90%	7.00%	9.70%	15.30%
	—	7.60%	27.30%	—	—	—	—	—	—	—
	—	-8.60%	4.90%	16.00%	60.00%	-5.50%	-31.10%	17.90%	16.80%	—
	—	-82.20%	636.40%	104.80%	16.40%	69.60%	-32.50%	-15.10%	-26.00%	—
	—	-212.59	437.67	—	—	—	—	—	—	—
	—	-0.21	0.08	—	—	—	—	—	—	—
	—	0.74	0.74	—	—	—	—	—	—	—
	—	11,611	9,052	—	—	—	—	—	—	—
	—	-122.8	-130.8	—	—	—	—	—	—	—
Balance sheet
	—	32,444	30,363	—	—	—	—	—	—	—
	—	2,885	4,459	—	—	—	—	—	—	—
	—	186.71	1,763	—	—	—	—	—	—	—
	—	51.35	278.49	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	871.65	737.05	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	1,608	2,094	—	—	—	—	—	—	—
	—	6,854	6,960	—	—	—	—	—	—	—
	—	11,798	10,814	—	—	—	—	—	—	—
	—	4,522	4,021	—	—	—	—	—	—	—
	—	7,276	6,793	—	—	—	—	—	—	—
	—	15,961	14,698	—	—	—	—	—	—	—
Cash flow
	—	-212.59	437.67	—	—	—	—	—	—	—
	—	-922.67	710.38	—	—	—	—	—	—	—
	—	-440.57	511.99	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +3.61%
Sales CAGR 5Y: +10.97%
Sales CAGR 10Y: —
Profit CAGR 3Y: +38.85%
Profit CAGR 5Y: +39.52%
Profit CAGR 10Y: —
Sales YoY (TTM): -10.57%
Profit YoY (TTM): -79.93%

Consolidated

Sales CAGR 3Y: +6.11%
Sales CAGR 5Y: +7.62%
Sales CAGR 10Y: —
Profit CAGR 3Y: +5.70%
Profit CAGR 5Y: +48.65%
Profit CAGR 10Y: —
Sales YoY (TTM): -2.20%
Profit YoY (TTM): -85.42%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 30.81%

Holder	Type	Holding	Previous	Change
IRB HOLDING PRIVATE LIMITED	Promoter Group	29.94%	—	—
CINTRA INR INVESTMENTS B V	Public	19.86%	—	—
BRICKLAYERS INVESTMENT PTE. LTD	Public	16.94%	—	—
LICI ULIP-GROWTH FUND	Public	5.13%	—	—
QUANT MUTUAL FUND - QUANT MID CAP FUND	Public	3.67%	—	—
GOVERNMENT OF SINGAPORE	Public	1.75%	—	—
VIRENDRA D MHAISKAR	Promoter	0.84%	—	—
DEEPALI VIRENDRA MHAISKAR	Promoter	0.02%	—	—
SUDHA DATTATRAY MHAISKAR	Promoter Group	0.01%	—	—
ARYAN VIRENDRA MHAISKAR	Promoter Group	0.00%	—	—
SDM VENTURES PRIVATE LIMITED	Promoter Group	0.00%	—	—
VIRENDRA D MHAISKAR HUF	Promoter	0.00%	—	—
DSM PROJECTS PRIVATE LIMITED	Promoter Group	0.00%	—	—
IDEAL TOLL AND INFRASTRUCTURE PRIVATE LIMITED	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Project wise toll revenue for the month of August, 20269 Sep 2026 · Company Update / General
Copy of Newspaper Advertisement regarding notice of 28th Annual General Meeting and E-voting and other related information.28 Aug 2026 · Company Update / Newspaper Publication
Dispatch of letters to the members providing a weblink along with exact path, to access the Annual Report of the Company for the FY 2025-26 in compliance with Reg 36(1)(b) of SEBI (Listing ....27 Aug 2026 · Company Update / General
Business Responsibility and Sustainability Report for FY ended March 31, 2026.27 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of 28th Annual General Meeting and Annual Report for FY 2025-26 of IRB Infrastructure Developers Limited27 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 28th Annual General Meeting and Annual Report for FY 2025-26 of IRB Infrastructure Developers Limited27 Aug 2026 · AGM/EGM / AGM
Copy of newspaper advertisement regarding Notice of 28th Annual General Meeting27 Aug 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analysts/ Institutional Investor Meeting27 Aug 2026 · Company Update / General
Continuation of Directorship of Mr. Ravindra Dhariwal and convening of 28th Annual General Meeting.26 Aug 2026 · Company Update / General
Scheme of Amalgamation of certain wholly owned subsidiaries with IRB Infrastructure Developers Limited.26 Aug 2026 · Company Update / Scheme of Arrangement
The Board of Directors has approved Investment in Units of IRB InvIT Fund, through subscription in a preferential issue.26 Aug 2026 · Company Update / Acquisition
Intimation of Schedule of Analysts/ Institutional Investor Meeting14 Aug 2026 · Company Update / General
Project wise toll revenue for the month of July, 202610 Aug 2026 · Company Update / General
The transcript of the earnings call held on July 30, 2026 is available on the website of the Company.6 Aug 2026 · Company Update / Earnings Call Transcript
Result of Postal Ballot3 Aug 2026 · AGM/EGM / Postal Ballot
Extract of Unaudited Financial Results for the quarter ended June 30, 202631 Jul 2026 · Company Update / Newspaper Publication
Audio recording of Con Call30 Jul 2026 · Company Update / General
Corporate Presentation for the quarter ended June 30, 202630 Jul 2026 · Company Update / General
Record date for the purpose of payment of interim dividend is August 5, 202630 Jul 2026 · Corp. Action / Dividend
Financial results for the quarter ended June 30, 202630 Jul 2026 · Result / Financial Results
Outcome of the Meeting of the Board of Directors held on July 30, 202630 Jul 2026 · Board Meeting / Outcome of Board Meeting
The Company will conduct earnings call at 04:00 p.m. IST on July 30, 2026.27 Jul 2026 · Company Update / Analyst / Investor Meet
Record date for the purpose of Interim Dividend, if declared, by the Board of Directors of the Company is August 05, 2026.27 Jul 2026 · Corp. Action / Dividend
IRB Infrastructure Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve Consolidated ....27 Jul 2026 · Board Meeting / Board Meeting
Project wise toll revenue for the month of June 20268 Jul 2026 · Company Update / General
Copy of Newspaper Publication- Postal Ballot4 Jul 2026 · Company Update / Newspaper Publication
Copy of Postal Ballot Notice seeking approval of the Shareholders of the Company3 Jul 2026 · AGM/EGM / Postal Ballot
The Board has approved the notice of Postal Ballot2 Jul 2026 · Company Update / General
The Board at its meeting held today i.e. July 02, 2026, inter-alia approved to enter into Project Implementation Agreement ("PIA") with IRB InvIT Fund to act as the Project Manager.2 Jul 2026 · Company Update / General
Please find attached a copy of the update provided by IRB Infrastructure Trust (an associate of the Company) regarding the approval of the binding term sheet.2 Jul 2026 · Company Update / General
Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201526 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Project-wise toll revenue for the Month of May 20268 Jun 2026 · Company Update / General
Intimation of schedule of Analysts/ Institutional Investor Meeting4 Jun 2026 · Company Update / General
The transcript of the earnings call held on May 21, 2026 is available on the website of the Company.29 May 2026 · Company Update / Earnings Call Transcript
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Mhaiskar29 May 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Mhaiskar29 May 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Dattatray Mhaiskar29 May 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Annual Secretarial Compliance Report for the year ended March 31, 202622 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Audio Recording of Con Call21 May 2026 · Company Update / General
Extract of Audited Financial Results for the quarter and year ended March 31, 202621 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.0500	5 Aug 2026	5 Aug 2026	—
Interim Dividend - Rs. - 0.0500	26 May 2026	26 May 2026	—
Bonus issue 1:1	30 Mar 2026	1 Apr 2026	—
Interim Dividend - Rs. - 0.0700	18 Feb 2026	19 Feb 2026	—
Interim Dividend - Rs. - 0.0700	18 Nov 2025	18 Nov 2025	—
Interim Dividend - Rs. - 0.0700	29 Aug 2025	29 Aug 2025	—
Interim Dividend - Rs. - 0.1000	6 Feb 2025	6 Feb 2025	—
Interim Dividend - Rs. - 0.1000	8 Nov 2024	8 Nov 2024	—
Interim Dividend - Rs. - 0.1000	20 Aug 2024	20 Aug 2024	—

Board meetings

30 Jul 2026 Board Meeting - Financial Results