IRB Infrastructure Developers Ltd (NSE: IRB) Share: Despite the historical boom on the market, many shares are priced below Rs 70. However, experts are optimistic about them. IRB Infrastructure Developers is one such share.
This share’s price is currently less than Rs 65, but experts predict that it will rise to Rs 90.
Experts’ Opinions
A brokerage firm predicts that the price will rise to Rs 94. The Brokerage said in a recent note when advising investors to purchase this stock, that coverage would begin on IRB Infrastructure Developers Limited on October 14, 2022.
Since then, stock prices have increased by 67.4 percent. The company’s current projects are credited with the increased cash flow.
Private investments have also contributed to this. The brokerage stated that, based on the company’s growth, the target price was kept at Rs 94.5.
The target price was set for two years. I was also told to buy the shares. Motilal Oswal, however, seems to be neutral about this stock.
The brokerage recently set a price target of Rs 60 with a neutral rating for the stock.
In terms of the IRB Infrastructure Developers shareholding structure, the promoter holds a stake of 34.39 percent.
In addition, 65.61 percent of the shares are held by public investors. IRB Infrastructure Developers has 5 promoters who hold 6,83,02,930 shares.
Its lead promoter Virendra Dattatreya Mhaiskar holds 5,06,39,850 shares.
The Company Raised $540 Million
IRB Infrastructure Developers Ltd. has also raised $540 million through senior secured notes.
International investors have placed orders for the company’s bond offering worth over $2 billion.
Virendra Mhaiskar told ET that global investors had shown their confidence in IRB Infrastructure Developers and recognized their track record of success in the road and highways sectors.
About IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd. is India’s top integrated and the first multinational infrastructure development company in the field of highways.
It has a major presence in the Build-Operate-Transfer (BOT) space. The company has more than 20 years of experience carrying out large, complicated projects throughout India.
It completed it with the First BOT project in India. The company launched as well as listed its first Infrastructure Investment Trust (InvIT) in India.
It has a solid track record, including its extensive network of over 23 operational projects that span more than 5,800 lane miles and its presence across 11 states across India and South Africa.
Fundamental Analysis of IRB Infrastructure Developers Ltd
| Market Cap | ₹ 38,837 Cr. |
| Current Price | ₹ 64.50 |
| 52-wk High | ₹ 72 |
| 52-wk Low | ₹ 22.50 |
| Stock P/E | 71.24 |
| Book Value | ₹ 22.5 |
| Dividend | 0.31 % |
| ROCE | 8.67 % |
| ROE | 5.43 % |
| Face Value | ₹ 1.00 |
| P/B Value | 2.83 |
| OPM | 42.8 % |
| EPS | ₹ 0.91 |
| Debt | ₹ 18,097 Cr. |
| Debt to Equity | 1.33 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹70 | ₹100 |
| 2025 | ₹105 | ₹112 |
| 2026 | ₹123 | ₹135 |
| 2027 | ₹141 | ₹150 |
| 2028 | ₹160 | ₹198 |
| 2029 | ₹200 | ₹240 |
| 2030 | ₹241 | ₹289 |
| Promoters Holding | |
| Dec 2022 | 34.20% |
| Mar 2023 | 34.20% |
| June 2023 | 34.21% |
| Sept 2023 | 34.39% |
| Dec 2023 | 34.39% |
| FII Holding | |
| Dec 2022 | 48.58% |
| Mar 2023 | 48.52% |
| June 2023 | 48.37% |
| Sept 2023 | 47.29% |
| Dec 2023 | 47.16% |
| DII Holding | |
| Dec 2022 | 6.71% |
| Mar 2023 | 6.98% |
| June 2023 | 6.98% |
| Sept 2023 | 7.38% |
| Dec 2023 | 7.85% |
| Govt. Holding | |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Dec 2023 | 0.01% |
| Public Holding | |
| Dec 2022 | 10.50% |
| Mar 2023 | 10.28% |
| June 2023 | 10.43% |
| Sept 2023 | 10.94% |
| Dec 2023 | 10.59% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 6,707 Cr |
| 2020 | ₹ 6,852 Cr |
| 2021 | ₹ 5,299 Cr |
| 2022 | ₹ 5,804 Cr |
| 2023 | ₹ 6,968 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 850 Cr |
| 2020 | ₹ 721 Cr |
| 2021 | ₹ 117 Cr |
| 2022 | ₹ 361 Cr |
| 2023 | ₹ 547 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 2.49 |
| 2020 | 1.28 |
| 2021 | 2.62 |
| 2022 | 1.33 |
| 2023 | 1.25 |
Last 10 Years’ Profit Growth:
| 10 Years: | 2% |
| 5 Years: | -3% |
| 3 Years: | 1% |
| Current Year: | -28% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | 4% |
| Last Year: | 5% |
Sales Growth Over 10 Years:
| 10 Years: | 6% |
| 5 Years: | 2% |
| 3 Years: | -2% |
| Current Year: | 12% |
Conclusion
This article is a complete guide about IRB Infrastructure Developers Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
