# IRB Infra share price today (IRB Infrastructure Developers Ltd, NSE: IRB)

> IRB Infra share price today: ₹16.30 at the NSE close on 3 November 2026, down 27.2% in a year. IRB Infrastructure Developers (NSE: IRB) is worth ₹19,725 crore, trades at a P/E of 20.0 and has closed between ₹15.73 and ₹22.26 over the past 52 weeks. > IRB Infrastructure Developers Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IRB · Infra - Construction & Contracting · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/irb-infrastructure-developers-ltd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹16.30 (−27.2% in a year)
- P/E: 20.0× (lower than 53% of the last 11 years)
- Revenue (Jun 2026): ₹2,137 Cr (+1.8% on a year ago)
- Profit (Jun 2026): ₹306 Cr (+51.5% on a year ago)
- Operating margin: 54.0% (+9.0 points on a year ago)
- ROCE: 7%, FY26
- Profit that came in as cash: 102%, last 3 years

The main question: the share price moved −27.2% in a year while yearly earnings per share moved −87.0%. The difference came from the market paying a higher multiple. ## What is the IRB Infra share price today? IRB Infrastructure Developers Ltd's share price was ₹16.30 at the close on 3 November 2026. It has been falling for 104 weeks. That is 18.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹16 and ₹22, and at that close it sat 9% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 27 weeks running. Over the last 11 years the share price moved +38% while the NIFTY 500 moved +243%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at IRB Infra this quarter? 2. Operating margin up 9 points on a year earlier 54% in the June 2026 quarter, from 45%. Why: The margin rose because the company did less construction work and more work from toll roads and toll-road investment trusts, which earn much higher margins. Next results: check whether the higher margin holds, since BOT margins can move with major maintenance timing. From the earnings call on 30 Jul 2026. ## What are IRB Infra's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), IRB Infra reported revenue of ₹2,137 crore, up 1.8% from ₹2,099 crore a year earlier, and a profit of ₹306 crore, up 51.5% from ₹202 crore. ### IRB Infra results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,137 crore | ₹2,099 crore | +1.8% |
| Profit | ₹306 crore | ₹202 crore | +51.5% |
| Earnings per share | ₹0.25 | ₹0.17 | +47.1% |
| Operating margin | 54.0% | 45.0% | +9.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). IRB Infra's management discussed these results on a call held on 30 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the IRB Infra share price history? IRB Infra closed at ₹16.30 on 3 November 2026, down 27.2% from ₹22.40 a year earlier (31 October 2025) and up 39.2% over five years. Its highest weekly close since April 2016 was ₹38.43 on 7 June 2024. ### IRB Infra share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹16.24 | +0.4% |
| 1 month ago · 1 Oct 2026 | ₹17.00 | −4.1% |
| 6 months ago · 30 Apr 2026 | ₹21.54 | −24.3% |
| 1 year ago · 31 Oct 2025 | ₹22.40 | −27.2% |
| 3 years ago · 3 Nov 2023 | ₹17.25 | −5.5% |
| 5 years ago · 4 Nov 2021 | ₹11.71 | +39.2% |
| 10 years ago · 4 Nov 2016 | ₹10.93 | +49.1% |
| Earliest weekly close in our records · 1 Apr 2016 | ₹11.85 | +37.6% |
| Highest weekly close since April 2016 · 7 Jun 2024 | ₹38.43 | −57.6% |
| Lowest weekly close since April 2016 · 3 Apr 2020 | ₹2.58 | +531.8% |
| 52-week high (weekly close) · 17 Apr 2026 | ₹22.26 | −26.8% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹15.73 | +3.6% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (559 weekly closes from 1 April 2016 to 3 November 2026.)

## What is the latest news on IRB Infra? 3 Nov 2026: IRB Infra closed at ₹16.30, up 0.4% on the week and down 4.1% on the month. 5 Aug 2026: ex-date for an interim dividend of ₹0.05 a share. ### Earlier

- 30 Jul 2026: IRB Infra held its results call for April to June 2026. Management guided: Asset base goal of ₹1,40,000 crore over 3 to 4 years through capital recycling. - Results for April to June 2026: Revenue up 1.8% and profit up 51.5% on a year earlier. - 26 May 2026: ex-date for an interim dividend of ₹0.05 a share. - 30 Mar 2026: Bonus issue: 1 new share for every 1 held (ex-date). - 18 Feb 2026: ex-date for an interim dividend of ₹0.07 a share, record date 19 Feb 2026. - 18 Nov 2025: ex-date for an interim dividend of ₹0.07 a share. ## What dividend does IRB Infra pay? IRB Infra paid ₹0.17 a share in regular dividends in the 12 months to 4 November 2026 (4 payments), a yield of 1.04% at the ₹16.30 close on 3 November 2026. The last was an interim dividend of ₹0.05 a share, ex-date 5 August 2026. ### IRB Infra dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 5 Aug 2026 | ₹0.05 | Interim | same day |
| 26 May 2026 | ₹0.05 | Interim | same day |
| 18 Feb 2026 | ₹0.07 | Interim | 19 Feb 2026 |
| 18 Nov 2025 | ₹0.07 | Interim | same day |
| 29 Aug 2025 | ₹0.07 | Interim | same day |
| 6 Feb 2025 | ₹0.10 | Interim | same day |
| 8 Nov 2024 | ₹0.10 | Interim | same day |
| 20 Aug 2024 | ₹0.10 | Interim | same day |
| 15 May 2024 | ₹0.10 | Interim | same day |
| 8 Feb 2024 | ₹0.10 | Interim | same day |
| 6 Nov 2023 | ₹0.10 | Dividend | same day |
| 29 May 2023 | ₹0.07 | Interim | same day |
| 12 Aug 2022 | ₹1.25 | Interim | 17 Aug 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 2 of the last 12 months' payments came before a split or bonus; the 12-month total above is on today’s share count. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. IRB Infrastructure Developers Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did IRB Infra management say on the latest results call? On the call for April to June 2026, held on 30 July 2026, IRB Infra's management guided: Asset base goal of ₹1,40,000 crore over 3 to 4 years through capital recycling. > “This model reinforces IRB's evolution into a leading sponsor and O&M platform and keeps us on track towards our goal of building a Rs 1,40,000 crore asset base over a period of 3 to 4 years.”
> Anil Yadav, on the call for April to June 2026

### What management guided

- Net debt-free position by 2030, supported by consistent debt repayments and lower interest costs. - Execution of around ₹4,200-4,300 crore from the existing order book over the next 2 years, mainly contributed by O&M. - O&M expected to approach a balanced business mix and contribute roughly 40.0-50.0% of segment revenue over the next 2 to 3 years. - Annual O&M order additions of ₹4,000-5,000 crore as additional TOT wins are secured. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4899-30-Jul-2026.pdf). (From the call for April to June 2026, 30 July 2026.)

## What to watch in IRB Infra's next results? When IRB Infra reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: TOT 20, TOT 21 and TOT 22 bidding after the capital spending increase, including the company's viability decision and progress on MLFF clarifications. - What to check (from the call)
- TOT 20, TOT 21 and TOT 22 bidding after the capital spending increase, including the company's viability decision and progress on MLFF clarifications. - Second-half NHAI award activity and O&M order additions against the ₹4,000-5,000 crore annual expectation after no material Q1 awards. - Combined portfolio average daily toll collection against the ₹27 crore baseline, including traffic momentum and the next tariff revision. - Underlying finance cost against the ₹401 crore clean baseline after the ₹37 crore one-off, alongside realization of refinancing savings. ## Which stock lists is IRB Infra on? IRB Infra is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Penny stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 370](https://www.sectoralpha.in/small-cap-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): -85.42](https://www.sectoralpha.in/penny-stocks-india)

## Is IRB Infra profitable? IRB Infrastructure Developers Ltd earned ₹306 Cr of net profit in the Jun 2026 quarter, +51.5% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹850 Cr. Over 10 years profit has grown 2.9% a year on average. That is 14.3% of the quarter's revenue. The same quarter a year earlier earned ₹202 Cr. For the full year, FY26 profit was ₹850 Cr (−86.9% on the year before). Why profit moved: revenue changed +1.8% on a year earlier and the margin moved +9.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +8.4% and revenue −1.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does IRB Infra make, and is it growing? IRB Infrastructure Developers Ltd reported ₹2,137 Cr of revenue in the Jun 2026 quarter, +1.8% on the same quarter a year earlier. Over 10 years it has grown 4.1% a year on average. The last full year, FY26, came in at ₹7,648 Cr. The last four reported quarters add to ₹7,686 Cr. FY26 revenue was ₹7,648 Cr, +0.5% on the year before. Recent pace: the last four quarters grew −1.4% on average, against 4.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −2.2%, against +0.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −85.4%, against +24.9% a year (rolling over). ## How much of every ₹100 of sales does IRB Infra keep? IRB Infrastructure Developers Ltd's operating margin was 54.0% in the Jun 2026 quarter, 9.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 41.0% and 58.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +8.6 percentage points on the year while gross margin changed +10.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is IRB Infra's profit turning into cash? Over the last 3 years, 102% of IRB Infrastructure Developers Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,098 Cr of operating cash against ₹850 Cr of profit. After ₹425 Cr of spending on assets, ₹1,673 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 102% of profit came in as cash: the cash cycle got 403 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does IRB Infra's cash go? IRB Infrastructure Developers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 67 days in FY26, up from −336 days in FY21. It spent ₹587 Cr on assets over the last 3 years. Customers take 7 days to pay, and stock sits for 199 days on average. At FY26 sales of ₹7,648 Cr, each day of that cycle ties up about ₹21.0 Cr, so roughly ₹1,404 Cr is tied up in the business at any time. FY26: customers took 7 days to pay and stock sat for 199 days, about 6.5 months of sales sitting as stock, for a full cycle of 67 days, longer than FY21's −336. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 199 days. Customers pay about 7 days after that. Suppliers are paid at 139 days. Together that makes the 67-day cycle. Spending on assets: ₹587 Cr over the last 3 years, against ₹3,175 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹4.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is IRB Infra's P/E ratio, and how does it compare with its own history? IRB Infrastructure Developers Ltd's P/E is 20.0×, in the middle of its own history: higher than 47% of past readings. Its usual P/E (the middle reading) is 21.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.79. Why the multiple is where it is: over the past year earnings per share moved −87.0% while the price moved −27.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +6.8% a year; about +15.4% a year came from earnings growth and about −8.6 percentage points from the multiple (the market paying less); over 10 years the price moved +4.1% a year; about −1.3% a year came from earnings growth and about +5.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 3.2% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the IRB Infra business getting better or worse? IRB Infrastructure Developers Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −2.2% in the latest quarter, against +14.7% at its best in 12 quarters, with ROCE steady at 7.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does IRB Infra earn on its capital? IRB Infrastructure Developers Ltd earned a ROCE of 7% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 11.1% net margin and 0.14× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 11.1% net margin × 0.14× asset turnover × 2.58× leverage (assets divided by equity) ≈ 4.0% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 3.2% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does IRB Infra have too much debt? IRB Infrastructure Developers Ltd had ₹20,027 Cr of borrowings against ₹20,949 Cr of equity in FY26, so its debt is 0.96× its equity. Its operating profit is 2 times its interest bill. Over 5 years borrowings went from ₹19,219 Cr to ₹20,027 Cr. Over the last 3 of those years it spent ₹587 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 3.2% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the IRB Infra shareholding pattern? Domestic institutions raised their stake in IRB Infrastructure Developers Ltd by 1.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.2% of the company. Foreign institutions moved −1.4 points over the same period, to 43.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.6 points over 8 quarters, to 10.2%; Foreign institutions: −1.4 points over 8 quarters, to 43.6%; Promoters: +0.8 points over 8 quarters, to 31.2%. Why the owners changed: domestic institutions drove it (+1.6 points), with the other side taken by foreign institutions (−1.4 points). They raised their stake step by step. ## How far is IRB Infra from balance-sheet trouble? For IRB Infrastructure Developers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does IRB Infra rank in its industry? 42.0 out of 100, rank 13 of 18 in Infra - Construction & Contracting, with 78% of the evidence available. IRB Infrastructure Developers Ltd scores 42.0 out of 100 against the 18 companies it is compared with in Infra - Construction & Contracting, ranking 13. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 15.5 + 10.7 + 10 + 5.8 = 42. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is IRB Infra compared with? IRB Infra ranks 13 of 18 Infra - Construction & Contracting companies on the 4-Factor Sector Score, with 42.0 out of 100. 1. [Mold-Tek Technologies Ltd](https://www.sectoralpha.in/stocks/mold-tek-technologies-ltd) MOLDTECH · breaking out · Most evidence points up · 81% evidence 65.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.0/35 · Revenue 48.7% · Profit 100% · Operating margin change 18.5 points · 88% evidence Capital efficiency 10.8/25 · ROCE 9.5% · Operating margin 19.9% · 100% evidence Valuation 11.7/20 · P/E 28× · PEG 0.62 · 100% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 23.2% · 1 year n/a · 25% evidence · 7 of 7 weeks ahead Exact sum: 31 + 10.8 + 11.7 + 12.3 = 65.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Cemindia Projects Ltd](https://www.sectoralpha.in/stocks/cemindia-projects-ltd) CEMPRO · quiet · Evidence leans up · 96% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Revenue 8.9% · Profit 47.2% · Operating margin change 1 points · 88% evidence Capital efficiency 18.7/25 · ROCE 32.8% · Operating margin 10% · 100% evidence Valuation 2.5/20 · P/E 38.8× · PEG 5.81 · 100% evidence Relative strength 14.5/20 · Lead over its industry 54.3% · Lead over NIFTY 500 38.4% · 1 year 55.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 25.9 + 18.7 + 2.5 + 14.5 = 61.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Larsen & Toubro Ltd](https://www.sectoralpha.in/stocks/larsen-toubro-ltd) LT · turning · Evidence leans up · 82% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 11.2% · Profit 9.3% · Operating margin change -2 points · 95% evidence Capital efficiency 15.5/25 · ROCE 14.6% · Operating margin 11% · 76% evidence Valuation 9.1/20 · P/E 28.2× · PEG n/a · 50% evidence Relative strength 17.3/20 · Lead over its industry 14.1% · Lead over NIFTY 500 3% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.4 + 15.5 + 9.1 + 17.3 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Patel Engineering Ltd](https://www.sectoralpha.in/stocks/patel-engineering-ltd) PATELENG · basing · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue -1.4% · Profit 4.7% · Operating margin change 1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 13.3% · Operating margin 14% · 100% evidence Valuation 15.1/20 · P/E 5.8× · PEG 1.52 · 100% evidence Relative strength 9.5/20 · Lead over its industry -4.9% · Lead over NIFTY 500 -14.5% · 1 year -36.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.4 + 15.8 + 15.1 + 9.5 = 55.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [SPML Infra Ltd](https://www.sectoralpha.in/stocks/spml-infra-ltd) SPMLINFRA · quiet · Evidence leans up · 74% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 37.8% · Profit 80.8% · Operating margin change 4.4 points · 88% evidence Capital efficiency 4.1/25 · ROCE 6.5% · Operating margin 9% · 100% evidence Valuation 14.5/20 · P/E 12.7× · PEG 0.69 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.9% · 1 year -44.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.7 + 4.1 + 14.5 + 8.4 = 52.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [NBCC (India) Ltd](https://www.sectoralpha.in/stocks/nbcc-indialtd) NBCC · quiet · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 3.8% · Profit 30.9% · Operating margin change 2.4 points · 83% evidence Capital efficiency 17.8/25 · ROCE 29.3% · Operating margin 7% · 76% evidence Valuation 10.9/20 · P/E 27.5× · PEG n/a · 50% evidence Relative strength 2.9/20 · Lead over its industry -14.9% · Lead over NIFTY 500 -23.7% · 1 year -40.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 17.8 + 10.9 + 2.9 = 50.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Hazoor Multi Projects Ltd](https://www.sectoralpha.in/stocks/hazoor-multi-projects-ltd) HAZOOR · Too little evidence to rank firmly · 59% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/43.75 · Revenue -30.5% · Profit -34.1% · Operating margin change 70.1 points · 88% evidence Capital efficiency 18.5/31.25 · ROCE 12% · Operating margin 84.5% · 100% evidence Valuation 13.1/25 · P/E 16.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 15.9 + 18.5 + 13.1 = 47.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Ramky Infrastructure Ltd](https://www.sectoralpha.in/stocks/ramky-infrastructure-ltd) RAMKY · basing · Evidence leans down · 63% evidence 46.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 4.6% · Profit 17.8% · Operating margin change -14 points · 83% evidence Capital efficiency 11.6/25 · ROCE 13.5% · Operating margin 6% · 76% evidence Valuation 13.2/20 · P/E 11.4× · PEG n/a · 50% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -27.3% · 1 year -51.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.9 + 11.6 + 13.2 + 8.2 = 46.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [PNC Infratech Ltd](https://www.sectoralpha.in/stocks/pnc-infratech-ltd) PNCINFRA · quiet · Evidence leans down · 100% evidence 44.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 1.8% · Profit -21.3% · Operating margin change -1 points · 100% evidence Capital efficiency 10.1/25 · ROCE 8% · Operating margin 21% · 100% evidence Valuation 20.0/20 · P/E 5.1× · PEG 0.17 · 100% evidence Relative strength 0.0/20 · Lead over its industry -31% · Lead over NIFTY 500 -38.1% · 1 year -55.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.7 + 10.1 + 20 + 0 = 44.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Simplex Infrastructures Ltd](https://www.sectoralpha.in/stocks/simplex-infrastructures-ltd) SIMPLEXINF · turning · Evidence leans down · 71% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 4.6% · Profit 80.8% · Operating margin change 3.9 points · 88% evidence Capital efficiency 5.4/25 · ROCE 2.4% · Operating margin 7% · 100% evidence Valuation 5.9/20 · P/E 44.4× · PEG n/a · 50% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 11.1% · 1 year -6.4% · 25% evidence · 7 of 12 weeks ahead Exact sum: 20.9 + 5.4 + 5.9 + 12 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Likhitha Infrastructure Ltd](https://www.sectoralpha.in/stocks/likhitha-infrastructure-ltd) LIKHITHA · basing · Evidence leans down · 96% evidence 43.1 out of 100 Growth Capital Valuation Relative
12. [H.G. Infra Engineering Ltd](https://www.sectoralpha.in/stocks/hg-infra-engineering-ltd) HGINFRA · quiet · Evidence leans down · 81% evidence 42.1 out of 100 Growth Capital Valuation Relative
13. IRB Infrastructure Developers Ltd this page IRB · basing · Evidence leans down · 78% evidence 42.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue -2.2% · Profit -80% · Operating margin change 9 points · 83% evidence Capital efficiency 10.7/25 · ROCE 7.5% · Operating margin 54% · 76% evidence Valuation 10.0/20 · P/E 19.3× · PEG n/a · 50% evidence Relative strength 5.8/20 · Lead over its industry -10.1% · Lead over NIFTY 500 -18.8% · 1 year -29.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.5 + 10.7 + 10 + 5.8 = 42 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 14. [Hindustan Construction Company Ltd](https://www.sectoralpha.in/stocks/hindustan-construction-company-ltd) HCC · quiet · Evidence leans down · 79% evidence 40.5 out of 100 Growth Capital Valuation Relative
15. [KNR Constructions Ltd](https://www.sectoralpha.in/stocks/knr-constructions-ltd) KNRCON · quiet · Evidence leans down · 78% evidence 38.0 out of 100 Growth Capital Valuation Relative
16. [Rail Vikas Nigam Ltd](https://www.sectoralpha.in/stocks/rail-vikas-nigam-ltd) RVNL · quiet · Evidence leans down · 74% evidence 36.4 out of 100 Growth Capital Valuation Relative
17. [Vishnu Prakash R Punglia Ltd](https://www.sectoralpha.in/stocks/vishnu-prakash-r-punglia-ltd) VPRPL · Too little evidence to rank firmly · 59% evidence 23.0 out of 100 Growth Capital Valuation Relative
18. [Giriraj Civil Developers Ltd](https://www.sectoralpha.in/stocks/giriraj-civil-developers-ltd) GIRIRAJ · Too little evidence to rank firmly · 32% evidence 55.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Infra - Construction & Contracting](https://www.sectoralpha.in/sectors/infra-construction-contracting), all 18 compared on one page. ## Which companies are close to IRB Infra in size? IRB Infra is the 4th largest of 18 Infra - Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Larsen & Toubro, Rail Vikas Nigam and Cemindia Projects. Just below it: NBCC (India), Hindustan Construction Company and PNC Infratech. ### Infra - Construction & Contracting companies close in size

1. [Larsen & Toubro Ltd](https://www.sectoralpha.in/stocks/larsen-toubro-ltd) ₹5,32,713 crore
2. [Rail Vikas Nigam Ltd](https://www.sectoralpha.in/stocks/rail-vikas-nigam-ltd) ₹37,462 crore
3. [Cemindia Projects Ltd](https://www.sectoralpha.in/stocks/cemindia-projects-ltd) ₹23,330 crore
4. IRB Infrastructure Developers Ltd ₹18,999 crore
5. [NBCC (India) Ltd](https://www.sectoralpha.in/stocks/nbcc-indialtd) ₹18,808 crore
6. [Hindustan Construction Company Ltd](https://www.sectoralpha.in/stocks/hindustan-construction-company-ltd) ₹4,490 crore
7. [PNC Infratech Ltd](https://www.sectoralpha.in/stocks/pnc-infratech-ltd) ₹3,179 crore

[All 18 Infra - Construction & Contracting companies, largest first](https://www.sectoralpha.in/sectors/infra-construction-contracting#all-companies)

### Companies close in size in other industries

1. [Affle 3i Ltd](https://www.sectoralpha.in/stocks/affle-3i-ltd) ₹19,308 crore · Advertisement
2. [IndiGrid Infrastructure Trust](https://www.sectoralpha.in/stocks/indigrid-infrastructure-trust) ₹19,163 crore · Infrastructure Investment Trusts
3. IRB Infrastructure Developers Ltd ₹18,999 crore
4. [NBCC (India) Ltd](https://www.sectoralpha.in/stocks/nbcc-indialtd) ₹18,808 crore · Infra - Construction & Contracting
5. [Shilpa Medicare Ltd](https://www.sectoralpha.in/stocks/shilpa-medicare-ltd) ₹18,690 crore · Pharma - API & CRAMS

## What else do people ask about IRB Infra? ### What is IRB Infra's share price today? IRB Infrastructure Developers Ltd's share price is ₹16.30, −27.2% over the past year. The whole company is worth ₹19,725 Cr on the market. In the last 52 weeks it traded between ₹16 to ₹22; today it is 9% of the way up from the low, 18.0% below its 200-day average (as of 3 November 2026). ### What were IRB Infra's latest quarterly results? IRB Infrastructure Developers Ltd reported revenue of ₹2,137 Cr and net profit of ₹306 Cr for the Jun 2026 quarter. Revenue rose 1.8% and profit rose 51.5% compared with a year earlier. Earnings per share were ₹0.25. The operating margin was 54.0%, 9.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is IRB Infra's market cap? IRB Infrastructure Developers Ltd's market capitalisation is ₹19,725 Cr at a share price of ₹16.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is IRB Infra performing? IRB Infrastructure Developers Ltd's share price has been falling for 104 weeks. In its latest quarter, revenue rose 1.8% and profit rose 51.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 27 weeks running (as of 3 November 2026). ### Will IRB Infra's share price go up? This page does not forecast IRB Infrastructure Developers Ltd's share price. What it shows instead: the share price is ₹16.30, and it has been falling for 104 weeks. Its P/E of 20.0× is higher than 47% of its own last 11 years (as of 3 November 2026). ### Who owns IRB Infra? Promoters own 31.2% of IRB Infrastructure Developers Ltd, foreign institutions 43.6%, domestic institutions 10.2% and the public 15.0% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.6 percentage points over 8 quarters (as of 3 November 2026). ### Where is IRB Infra in its business cycle? IRB Infrastructure Developers Ltd's FY26 operating margin was 52.0%, against a 13-year range of 41.0% to 58.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 54.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the IRB Infra story? The main question: the share price moved −27.2% in a year while yearly earnings per share moved −87.0%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is IRB Infra a stock worth studying right now? What the numbers show: IRB Infrastructure Developers Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a IRB Infra share price forecast for 2026? What management itself guided: Asset base goal of ₹1,40,000 crore over 3 to 4 years through capital recycling. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

This is research, not advice. We’re not SEBI-registered.