Irb Infrastructure Developers Limited

About Irb Infrastructure Developers Limited bond.

This comprehensive profile covers key factual information about Irb Infrastructure Developers Limited. Incorporated in 1998, IRB is an established integrated surface transportation infrastructure company with expertise in the development of BOT toll road projects. The IRB group's project portfolio (including private and public InvIT) had 26 road projects including 18 BOT, four TOT, and four HAM projects as on 31 December 2023. The sponsor holds a 51% stake in the private InvIT, which houses 11 BOT and three TOT projects. Of all the BOT projects, nine are operations and two are under tolling and construction. Of all the TOT projects, one is under tolling and for the remaining, the appointed date is yet to be received. Additionally, one BOT project is likely to be transferred to a private InvIT. IRB also holds a 16% stake as a sponsor in a public InvIT (IRB InvIT Fund), which has five BOT and one HAM projects in its portfolio of around 2,421 lane kms. All the projects are structured into separate SPVs that are wholly-owned subsidiaries of IRB Trust; the construction, and O&M activity is carried out in-house entity through Modern Road Makers as well as through sub-contracting. EPS in Mar-2024 was 1.00. Current ratio in Mar-2024 was 1.24. Debt/Equity in Mar-2024 was 1.46. Debt/EBITDA in Mar-2024 was 5.27. Interest coverage ratio in Mar-2024 was 1.51. Operating Cashflow to total debt in Mar-2024 was 0.20. Total revenue for March-2024 was ₹8,201.76. Net income for March-2024 stood at ₹605.81. Total assets as of Mar-2024 were ₹44,869.53. Operating cash flow for Mar-2024 was ₹4,053.79. The company’s borrowing relationships include Canara Bank (₹N/A Cr), Punjab National Bank - Corporate Banking (₹N/A Cr), Union Bank of India (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), IDFC First Bank (₹N/A Cr), Corporation Bank (₹N/A Cr), IDBI Bank (₹N/A Cr). Peers and comparison entities consist of Irb Infrastructure Developers Limited, Larsen and Toubro Limited, GMR Airports Limited, KEC International Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Sustained Revenue Growth, while Maintaining Healthy Margin; Healthy Revenue Visibility; albeit Moderate Order Book Concentration; Healthy Credit Metrics; Strong Recovery in Toll Collections in Private InvIT; IRB MP Expressway Remains Cashflow Positive; Liquidity Indicator - Adequate; New Projects to Entail Equity Commitments; Financial Flexibility Derived from InvITs. Key risks include: Large Exposure to Group Companies; Exposure to Sectoral Risk and Intense Competition. Leadership team details include Ajay P Deshmukh (CEO - Acquisitions & New Business), Amitabh Murarka (Deputy Chief Executive Officer), Bajarang Lal Gupta (Independent Director), Deepali V Mhaiskar (Whole Time Director), Dhananjay Joshi (Chief Executive Officer), J P Nandi (Deputy Head), Jose Tamariz Martel Goncer (Non Executive Director), Laxman Surve (Chief Operating Officer), Madhav H Kale (Head), Mehul N Patel (Presdent & Group Co. Secretary), N Sankar Narayan (Head), Nitin Bansode (Head), Poonam Nishal (Additional & Executive Director), Prashant Salgaonkkar (Group President), Priti Savla (Independent Director), Rajpaul S Sharma (Deputy Chief Executive Officer), Ravindra Dhariwal (Non Executive Director), S S Rana (CEO - Corporate), Sandeep J Shah (Independent Director), Sanjay Sharma (Head), Satish Patki (Head), Sudhir Hoshing (CEO - Execution), Tushar Kawedia (Chief Financial Officer), Vijay N Bhatt (Independent Director), Virendra D Mhaiskar (Chairman & Managing Director), Vivek Devasthali (Head). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.