Trending stocks: IRB Infra shares trade flat in early trade

NEW DELHI: Shares of IRB Infrastructure Developers Ltd. traded 0.3 per cent up in Wednesday's trade at 10:47AM (IST). Around 34,764 shares changed hands on the counter.

The stock opened at Rs 66.5 and touched an intraday high and low of Rs 67.95 and Rs 65.35, respectively, in the session so far. Shares of the company of IRB Infrastructure Developers Ltd. quoted a 52-week high of Rs 119.7 and a 52-week low of Rs 46.0.

Total market cap of the IRB Infrastructure Developers Ltd. stood at Rs 2326.6 crore at the time of writing this report.


The company said it plans to raise Rs 750 crore through allotment of debentures to Anahera Investment Pte Ltd on a private placement basis.

Key Financials
The company reported consolidated sales of Rs 1742.64 crore for the quarter ended 31-Dec-2019, down 0.54 per cent from previous quarter's Rs 1752.09 crore and down 2.56 per cent from the year-ago quarter's Rs 1788.51 crore.

The net profit for latest quarter stood at Rs 159.7347 crore, down 27.03 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 7.82 per cent stake in the company, while foreign institutional investors held 16.76 per cent and the promoters 57.69 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 3.0 and a price-to-book ratio of 0.37. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

IRB Infrastructure Developers Ltd. belongs to the Infrastructure - Roads/Tolls industry.