IRB Infrastructure Developers Ltd. News and Updates

Name: Latest research reports of IRB Infrastructure Developers Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: IRB Infrastructure Developers Ltd.
Rating: 5
Author: HDFC Securities

Keep track of all breaking news on IRB Infrastructure Developers Ltd. from all sources in a single place.

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IRB Infrastructure Developers Ltd.

24 Oct 2019

51.29

0.47%

IRB Infrastructure Developers (2QFY20): EPC segment the saviour. Maintain BUY

Buy: IRB Infrastructure Develop...

Target

HDFC Securities

IRB GIC deal is a game changer for company, IRB has secured means to partly fund its balance equity requirement of Rs 27.6bn. The free cash flow potential of the portfolio is Rs 880bn over the project lifecycle (~20yrs), with Rs 2bn/yr IRB share from first year. IRB will leverage this partnership to bid for upcoming BOT and TOT projects, though it will have to bring 51% of equity share. We maintain BUY. Key risks (1) Declining toll revenues in certain projects, (2) Market acceptability for BOT projects and (3) Delay in appointed dates in remaining HAM projects, contributing 25% to order book by value. IRB delivered strong 9/15/28% 2QFY20 Rev/EBIDTA/APAT beat. With limited visibility on NHAI BOT project awards we cut IRB EPC multiple from 6x to 4x 1-yr forward. We maintain BUY with a reduced TP of Rs 172/Sh.

IRB Infrastructure Developers Ltd. is trading below its 200 day SMA of 54.0

IRB Infrastructure Developers Ltd.

23 Oct 2019

51.29

0.47%

IRB Infrastructure reports 16% rise in net profit

Business Line

IRB Infrastructure has reported a 16 per cent increase in its net profits, led by a rise in road construction and toll revenue collection income.In th

IRB Infrastructure Developers Ltd.'s price crossed above 100Day SMA today

IRB Infrastructure Developers Ltd.

23 Oct 2019

51.29

0.47%

Traffic growth disappoints; EPC revenue unsustainable

Neutral: IRB Infrastructure Develop...

Target

Motilal Oswal

23 October 2019 EPC revenue was up 42% YoY, implying strong execution of under- construction projects. EPC margin surprised at 29.1%, as lower-margin HAM projects are yet to commence construction. PBT declined by 4% YoY at INR3b, with lower depreciation cost getting offset by higher interest expense. Note that the Mumbai-Pune project completed its concession period during the quarter, leading to a decline in profit from the BOT portfolio. On account of the lower tax rate of 33.5% (v/s 44.9% in 2QFY19), net profit was up 16% YoY at INR2b (33% beat). stands at INR113.8b, with an EPC OB/rev ratio of just 1.9x. This provides low revenue visibility and may lead to a decline in EPC revenue in FY21 if road awarding does not pick up meaningfully over the near term. Moreover, two HAM projects in the order book continue facing challenges on land acquisition and there is a high probability of them being cancelled.

IRB Infrastructure Developers Ltd. has gained 14.33% in the last 1 Week

IRB Infrastructure Developers Ltd.

11 Oct 2019

51.29

0.47%

IRB Infra extends losses to fourth day, slips 13% to hit over 6-year low

Business Standard

The stock of the roads and highways construction company was trading at its lowest level since August 2013.

IRB Infrastructure Developers Ltd. is trading below its 200 day SMA of 54.0

IRB Infrastructure Developers Ltd.

13 Aug 2019

51.29

0.47%

IRB Infrastructure

Hold: IRB Infrastructure Develop...

Target

ICICI Securities Limited

Announces | 4,400-crore deal with GIC at 1x P/BV IRB announced a | 4,400 crore deal with GIC Singapore. As part of the transaction, IRB will transfer nine of its BOT assets (portfolio) into a private infrastructure investment trust in which it will hold a controlling stake of 51%. EPC and O&M; contracts under this InvIT will continue to be with IRB. The deal has been done at 1x P/BV. GIC would infuse ~| 4,400 crore in the trust, which will consist of upfront payment of | 3,000 crore (to be utilised by IRB for debt reduction) and balance | 1,400 crore towards equity...

IRB Infrastructure Developers Ltd.'s price crossed above 100Day SMA today

IRB Infrastructure Developers Ltd.

08 Aug 2019

51.29

0.47%

`IRB Infra, GIC to jointly bid for all future road projects'

Business Line

IRB Infrastructure Developers said a partnership with Singapore's sovereign wealth fund will help it bid for much larger projects and boost revenue.T

IRB Infrastructure Developers Ltd. is trading below its 200 day SMA of 54.0

IRB Infra ties up with Singapore's GIC Pte, to bid for larger projects

Business Standard | 08 Aug 2019

IRB Infrastructure Developers Ltd.

07 Aug 2019

51.29

0.47%

IRB Infrastructure share price surges 11% on Rs 4,400-crore investment from GIC in firm's road projects

Business Today

Share price of IRB Infrastructure Developers rose up to 11.5 % in early trade today after the announcement of investment by Singapore's sovereign wealth fund in company's road operations.

Promoters pledged 0.03% of shares in last quarter. Total pledge stands at 55.45% of promoter holdings

IRB Infrastructure rises as Singapore's GIC says it will invest in company's road assets

Business Line | 07 Aug 2019 3 more

IRB Infrastructure Developers Ltd.

07 Aug 2019

51.29

0.47%

IRB Infrastructure Developers (1QFY20): GIC deal well timed. Maintain BUY

Buy: IRB Infrastructure Develop...

HDFC Securities

With GIC, IRB has secured means to partly fund its balance equity requirement of Rs 29.5bn. The free cash flow potential of the portfolio is Rs 880bn over the project lifecycle (~20yrs), with Rs 2bn/yr IRB share from first year. IRB will leverage this partnership to bid for upcoming BOT and TOT projects, though it will have to bring 51% of equity share. We maintain BUY. Key risks (1) Declining toll revenues in certain projects, (2) Market acceptability for BOT projects and (3) Delay in appointed dates in remaining HAM projects, contributing 25% to order book by value. IRB delivered strong 18/28% 1QFY20 EBIDTA/APAT beat. Private InvIT announcement with GIC (Rs 44bn investment for 49% stake, ~1x P/BV) removes BOT asset recycling overhang. We maintain BUY with a TP of Rs 212/Sh.

Promoters pledged 0.03% of shares in last quarter. Total pledge stands at 55.45% of promoter holdings

IRB Infrastructure Developers Ltd.

06 Aug 2019

51.29

0.47%

IRB Infra

Buy: IRB Infrastructure Develop...

Target

Sharekhan

IRB Infrastructure's (IRB) consolidated net profit declined by 17% y-o-y on account of increased interest and depreciation led by inclusion of two tolling assets and higher tax outgo. Net revenue grew by 15% y-o-y, supported by EPC and BOT segments, while blended OPM remained steady y-o-y. The major highlight was the signing of a definitive agreement with GIC for transfer of nine assets (three operational and six under various stages of construction) in private InvIT with IRB having management control with 51% stake. The deal is valued at ~1x P/B, which...

Number of FII/FPI investors decreased from 216 to 209 in Mar 2025 qtr

IRB Infrastructure Developers Ltd.

06 Aug 2019

51.29

0.47%

Surprises with asset monetization through second InvIT

Neutral: IRB Infrastructure Develop...

Target

Motilal Oswal

Strong execution inadequate to fully offset weak traffic growth in BOT portfolio: EPC revenue was up 16% YoY, implying strong execution of underconstruction projects. EPC margin surprised at 28.7%, as lower-margin HAM projects (two of the total three) are yet to commence construction. Gross toll collection growth on a like-for-like basis was tepid at 2.7% and a major disappointment. On account of higher depreciation and interest expense...

IRB Infrastructure Developers Ltd. has gained 14.33% in the last 1 Week

Is IRB Infrastructure Developers Ltd. worth buying?

902 Votes:

Buy 81.26%

Sell 7.21%

Hold 11.53%

34.37% Fall from 52W High

IRB Infrastructure Developers Ltd. News and Updates

Keep track of all breaking news on IRB Infrastructure Developers Ltd. from all sources in a single place.