IRB Infrastructure Developers Limited (532947) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of IRB Infrastructure Developers Limited ₹18.22, price ₹17.00, upside +7.2%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch IRB Infrastructure Developers Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹4.97 – ₹38.09 · fair‑value band ₹14.20 – ₹28.12 · the ₹17.00 price screens below the ₹18.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow IRB Infrastructure Developers in your weekly email
Every Wednesday you see whether IRB Infrastructure Developers is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
IRB Infrastructure Developers Limited engages in the construction, development, and operation and maintenance of roads and highways on build-operate-transfer (BOT) basis in India. The company operates in two segments, BOT/ Toll Operate and Transfer Projects, and Construction.
Show more
IRB Infrastructure Developers Limited engages in the construction, development, and operation and maintenance of roads and highways on build-operate-transfer (BOT) basis in India. The company operates in two segments, BOT/ Toll Operate and Transfer Projects, and Construction. It is also involved in real estate development; generation and sale of electricity through windmill; and hospitality and airport infrastructure activities. The company has 21 projects with 12,317 lane kilometers of roads and highways. The company was incorporated in 1998 and is based in Mumbai, India. IRB Infrastructure Developers Limited is a subsidiary of Mhaiskar Ventures Private Limited.
Stock analysis
IRB Infrastructure Developers Limited (532947) currently trades at ₹17.00, while our model-based Fair Value estimate is ₹18.22, so the stock looks roughly fairly valued today (gap 6.7%).
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of ₹73.02 per share, and 21 of the 22 models we run sit above the ₹17.00 price.
Bear case: the Dividend Discount group reads lowest at ₹15.76, and 1 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹14.20 (bear) to ₹28.12 (bull), the price of ₹17.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (below-average quality), in the Industrial Goods sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
IRB Infrastructure Developers Limited reported revenue of ₹70.6B in FY2025 versus ₹53.0B in FY2021, a compound +7.4%/yr. Reported net income was ₹64.8B in FY2025, compounding +172.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹38.7B (≈ $402M) · P/E ratio 7.9 · P/S ratio 7.28 · EPS (TTM) ₹13.78 · Dividend yield 4.6% · Net margin 91.8% · Return on assets (EBIT) 7.4% · Operating margin 36.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrial Goods peers we cover trades at −22% fair-value upside, at 7%, 532947 screens cheaper than that median.
Fair Value models
Bear ₹14.20Fair Value ₹18.22Bull ₹28.12
Price ₹17.00 · Upside +7.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹8.78 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.37/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)4.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.37% → 113%
2025 sits 800% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 42.8%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare IRB Infrastructure Developers Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Heavy Construction” was too small, so the broader sector is used.)Industrials · 5244 stocks
Beats the sector median on 5/9 measures
A mixed picture versus its sector peers.
Valuation
Quality Score50 · Below median
Fair Value upside+17.4% · Above median
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)7.9% · Above median
Operating margin (TTM)36.0% · Top 25%
Growth and dividend
Revenue growth−42.3% · Bottom 25%
Dividend yield (TTM)4.6% · Top 25%
Balance sheet
Debt / equity0.94× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is IRB Infrastructure Developers Limited (532947) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹18.22 versus a price of ₹17.00, about +7% upside (fairly valued).
What is the fair value of 532947?
Our model-based fair value for IRB Infrastructure Developers Limited is ₹18.22 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹17.00.
What is the quality score of 532947?
IRB Infrastructure Developers Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IRB Infrastructure Developers Limited (532947)?
Our model-based price target is the fair value of ₹18.22 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario ₹14.20, optimistic scenario ₹28.12. It is a calculation from audited fundamentals, not an analyst target.
What is the IRB Infrastructure Developers Limited stock forecast for 2026?
Our models put fair value at ₹18.22, about +7% upside versus a price of ₹17.00 (fairly valued). Cautious scenario ₹14.20, optimistic scenario ₹28.12. The calculation is refreshed regularly with new filings.
What is the revenue of IRB Infrastructure Developers Limited (532947)?
IRB Infrastructure Developers Limited reported trailing-twelve-month revenue of about ₹61.0B (latest available figure, as of Sep 24, 2026).
Does IRB Infrastructure Developers Limited pay a dividend?
IRB Infrastructure Developers Limited currently shows a dividend yield of about 4.58% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of IRB Infrastructure Developers Limited (532947)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IRB Infrastructure Developers Limited it is ₹18.22 per share (as of Sep 24, 2026), against a price of ₹17.00. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is IRB Infrastructure Developers Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 532947 trades below its calculated fair value: price ₹17.00, fair value ₹18.22, a gap of about +7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 532947?
No. The price is what the market pays today (₹17.00); the fair value is what the company's own numbers justify (₹18.22). For IRB Infrastructure Developers Limited the two are ₹1.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is IRB Infrastructure Developers Limited worth?
The market values IRB Infrastructure Developers Limited at about ₹38.7B (market capitalisation, as of Sep 24, 2026). Per share that is ₹17.00; our models calculate a fair value of ₹18.22 per share.
What do the bullish and bearish scenarios say about 532947?
Our models span a range for IRB Infrastructure Developers Limited: cautious scenario ₹14.20, base ₹18.22, optimistic ₹28.12 per share (as of Sep 24, 2026, price ₹17.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 532947?
IRB Infrastructure Developers Limited trades at a price-to-earnings ratio of 7.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹18.22 is built from several models across several years.
How solid is the balance sheet of IRB Infrastructure Developers Limited (532947)?
Balance-sheet figures for IRB Infrastructure Developers Limited (as of Sep 24, 2026): debt of 0.94 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 532947 from its 52-week high?
IRB Infrastructure Developers Limited trades at ₹17.00, about 25% below its 52-week high of ₹22.82 and at the low of ₹16.99 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹18.22 is for.
Which stocks are comparable to IRB Infrastructure Developers Limited?
From the same area (Industrial Goods) we also value Raymond Limited, FRONTSP, DISAQ, BATLIBOI, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IRB Infrastructure Developers Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹17.00, calculated fair value ₹18.22 (+7%), Quality Score 50/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 532947 calculated?
We run IRB Infrastructure Developers Limited through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹18.22, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. IRB Infrastructure Developers Limited currently trades 7 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IRB Infrastructure Developers Limited (532947)?
The closing price on Oct 1, 2026 was ₹17.00. Our model-based fair value is ₹18.22, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IRB Infrastructure Developers Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹14.20 to ₹28.12) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of IRB Infrastructure Developers Limited
How large is the market capitalisation of IRB Infrastructure Developers Limited (532947)?
The market capitalisation of IRB Infrastructure Developers Limited is ₹38.7B (≈ $402M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IRB Infrastructure Developers Limited (532947)?
The price-to-sales ratio of IRB Infrastructure Developers Limited is 7.28 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IRB Infrastructure Developers Limited (532947)?
Earnings per share at IRB Infrastructure Developers Limited are ₹13.78 (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IRB Infrastructure Developers Limited (532947)?
The dividend yield of IRB Infrastructure Developers Limited is 4.6% (payout 5.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IRB Infrastructure Developers Limited (532947)?
The net margin of IRB Infrastructure Developers Limited is 91.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of IRB Infrastructure Developers Limited (532947)?
On an EBIT basis the return on assets of IRB Infrastructure Developers Limited is 7.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IRB Infrastructure Developers Limited (532947)?
The operating margin of IRB Infrastructure Developers Limited is 36.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IRB Infrastructure Developers Limited (532947)?
Revenue at IRB Infrastructure Developers Limited is growing −42.3% versus a year earlier (3y avg +6.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IRB Infrastructure Developers Limited (532947)?
Earnings per share at IRB Infrastructure Developers Limited are growing +12.6% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch IRB Infrastructure Developers Limited in the live analysis
One click puts IRB Infrastructure Developers Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
