Buy IRB Infrastructure Developers, target Rs 305: Sharekhan

Sharekhan has a buy call on IRB Infrastructure Developers with a target price of Rs 305.

The current market price of IRB Infrastructure Developers is Rs 214.85.

Time period given by analyst is a year when IRB Infrastructure Developers price can reach defined target.

IRB Infrastructure Developers, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 7,633.49 crore) operating in Construction sector.

IRB Infrastructure Developers key Products/Revenue Segments include Contract Revenue which contributed Rs 2,767.54 crore to Sales Value (100% of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,816.88 crore, up 11.66% from last quarter Sales of Rs 1,627.12 crore and up 19.74% from last year same quarter Sales of Rs 1,517.33 crore.

Company has reported net profit after tax of Rs 237.86 crore in latest quarter.

The company’s top management includes Mr.Chandrashekhar S Kaptan, Mr.Mukeshlal Gupta, Mr.Sandeep J Shah, Mr.Sudhir R Hoshing, Mr.Sunil H Talati, Mr.Sunil Tandon, Mr.Virendra D Mhaiskar, Mrs.Deepali V Mhaiskar. Company has S R Batliboi & Co. LLP as its auditors. As on 30-06-2017, the company has a total of 351,450,000 shares outstanding.