---
title: "IRB Infrastructure Developers Ltd (IRB) — Share Price, Financials & Analysis"
symbol: "IRB"
company: "IRB Infrastructure Developers Ltd"
canonical: "https://tapetide.com/stocks/IRB"
isin: "INE821I01022"
nse_symbol: "IRB"
bse_code: "532947"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 23491.71
generated_at: "2026-09-13T19:21:06.109Z"
---

# IRB Infrastructure Developers Ltd (IRB)

Canonical page: https://tapetide.com/stocks/IRB

## Company

- **NSE Symbol:** IRB
- **BSE Code:** 532947
- **ISIN:** INE821I01022
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2008-02-25
- **CEO:** Mr. Virendra Dattatraya Mhaiskar
- **Employees:** 3258
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** irb.co.in

## About

IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate.[1]

## Latest Price

- **Price:** ₹19.64
- **Change:** -0.27 (-1.36%)
- **Open:** ₹19.79
- **Day High:** ₹19.79
- **Day Low:** ₹19.35
- **Previous Close:** ₹19.91
- **Volume:** 8984467
- **As Of:** 2026-09-11T10:29:53+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:02.035589Z.

- **Market Cap:** ₹23491.71 Cr
- **Classification:** Smallcap
- **P/E (reported):** 25.2
- **P/E (TTM):** 24.86
- **EPS (TTM):** ₹0.79
- **EPS (reported):** ₹1.01
- **Book Value:** ₹17.84
- **Price to Book:** 1.12
- **Dividend Yield:** 0.25%
- **ROE:** 4.06%
- **ROCE:** 5.97%
- **Debt to Equity:** 0.96
- **Revenue (yearly):** ₹7854 Cr
- **Net Income:** ₹850.4 Cr
- **EBITDA:** ₹4187.7 Cr
- **52-Week High:** ₹43.77
- **52-Week Low:** ₹18.76
- **RSI (14):** 57.86

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 10.19 | 9% |
| growth | 8.3 | 9% |
| momentum | 20.9 | 12% |
| ownership | 51.72 | 24% |
| quality | 65.59 | 22% |
| valuation | 83.07 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 1.13 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.62% over past five years.
- Company has a low return on equity of 4.85% over last 3 years.
- Promoter holding has decreased over last 3 years: -3.40%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 6.43% | -48.25% | 476.21% |
| ebitda margin growth | 4.87% | 6.43% | 6.03% | 1.18% |
| net income growth | 3.37% | -86.88% | 8% | 50% |
| revenue growth | 9.9% | -2.21% | 6% | 8% |
| roce | 5.32% | -65.39% | -12.97% | 8.59% |
| roe | 3.38% | -87.58% | 13.72% | 40.97% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1745 | 1969 | 2061 | 1853 | 1586 | 2025 | 2149 | 2099 | 1751 | 1871 | 1927 | 2137 |
| Expenses | 1026 | 1150 | 1307 | 1049 | 903 | 1041 | 1151 | 1147 | 826 | 849 | 844 | 985 |
| Operating Profit | 719 | 819 | 755 | 804 | 683 | 984 | 998 | 952 | 925 | 1022 | 1083 | 1153 |
| OPM % | 41 | 42 | 37 | 43 | 43 | 49 | 46 | 45 | 53 | 55 | 56 | 54 |
| Other Income | 130 | 109 | 443 | 119 | 166 | 5869 | 69 | 66 | 49 | -2 | 50 | 35 |
| Interest | 435 | 433 | 615 | 439 | 434 | 461 | 458 | 462 | 451 | 436 | 406 | 438 |
| Depreciation | 233 | 251 | 274 | 255 | 231 | 265 | 286 | 269 | 262 | 289 | 321 | 333 |
| Profit before tax | 182 | 243 | 309 | 229 | 183 | 6127 | 323 | 286 | 261 | 295 | 406 | 417 |
| Tax % | 47 | 23 | 39 | 39 | 46 | 2 | 33 | 29 | 46 | 29 | 27 | 26 |
| Net Profit | 96 | 187 | 189 | 140 | 100 | 6026 | 215 | 202 | 141 | 211 | 296 | 306 |
| EPS in Rs | 0.08 | 0.16 | 0.16 | 0.12 | 0.08 | 4.99 | 0.18 | 0.17 | 0.12 | 0.17 | 0.25 | 0.25 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5694 | 6707 | 6852 | 5299 | 5804 | 6402 | 7409 | 7613 | 7648 | 7686 |
| Expenses | 3005 | 3763 | 3887 | 2947 | 3229 | 3271 | 4387 | 4141 | 3641 | 3504 |
| Operating Profit | 2689 | 2944 | 2965 | 2352 | 2575 | 3130 | 3022 | 3472 | 4008 | 4182 |
| OPM % | 47 | 44 | 43 | 44 | 44 | 49 | 41 | 46 | 52 | 54 |
| Other Income | 295 | 196 | 252 | 189 | 552 | 300 | 793 | 6222 | 138 | 133 |
| Interest | 976 | 1126 | 1574 | 1697 | 1894 | 1521 | 1868 | 1795 | 1756 | 1731 |
| Depreciation | 544 | 540 | 468 | 582 | 683 | 832 | 995 | 1038 | 1142 | 1206 |
| Profit before tax | 1464 | 1473 | 1175 | 262 | 550 | 1077 | 951 | 6861 | 1248 | 1378 |
| Tax % | 37 | 42 | 39 | 55 | 34 | 33 | 36 | 6 | 32 | — |
| Net Profit | 920 | 850 | 721 | 117 | 361 | 720 | 606 | 6481 | 850 | 954 |
| EPS in Rs | 1.31 | 1.21 | 1.03 | 0.17 | 0.3 | 0.6 | 0.5 | 5.37 | 0.7 | 0.79 |
| Dividend Payout % | 19 | 10 | 24 | 0 | 0 | 17 | 30 | 3 | 15 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 351 | 351 | 351 | 351 | 351 | 604 | 604 | 604 | 604 | 604 |
| Reserves | 4920 | 5341 | 5964 | 6331 | 6549 | 11962 | 12775 | 13141 | 19223 | 20345 |
| Borrowings | 13963 | 13832 | 16599 | 9205 | 19219 | 16697 | 16748 | 18653 | 20599 | 20027 |
| Other Liabilities | 27406 | 20865 | 17549 | 23997 | 15052 | 13218 | 12575 | 12472 | 13423 | 13022 |
| Total Liabilities | 46641 | 40389 | 40464 | 39885 | 41171 | 42481 | 42703 | 44870 | 53849 | 53998 |
| Fixed Assets | 24388 | 31071 | 32943 | 27671 | 27102 | 27271 | 26480 | 25514 | 24616 | 23896 |
| CWIP | 6806 | 5648 | 3797 | 403 | 673 | 63 | 8 | 8 | 1 | 4 |
| Investments | 146 | 945 | 645 | 4146 | 4799 | 4904 | 5141 | 9642 | 17097 | 19328 |
| Other Assets | 15301 | 2724 | 3079 | 7666 | 8597 | 10243 | 11074 | 9706 | 12135 | 10770 |
| Total Assets | 46641 | 40389 | 40464 | 39885 | 41171 | 42481 | 42703 | 44870 | 53849 | 53998 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3192 | 2132 | 2710 | 3709 | 867 | 364 | 1764 | 4054 | 1971 | 2098 |
| Cash from Investing Activity | -2981 | -2621 | -4081 | -4932 | -8176 | -1553 | -650 | -3644 | 375 | -910 |
| Cash from Financing Activity | -202 | 410 | 1438 | 1388 | 7520 | 589 | -860 | -477 | -720 | -2702 |
| Net Cash Flow | 9 | -79 | 66 | 165 | 211 | -601 | 253 | -68 | 1627 | -1513 |
| Free Cash Flow | 417 | -1838 | -1507 | -1492 | -6924 | -1010 | 1354 | 3816 | 1776 | 1417 |
| CFO/OP | 116 | 98 | 104 | 138 | 46 | 22 | 63 | 142 | 62 | 54 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 4 | 8 | 6 | 23 | 23 | 62 | 93 | 37 | 16 | 7 |
| Inventory Days | — | — | — | 277 | 294 | 246 | 261 | 263 | 206 | 199 |
| Days Payable | — | — | — | 622 | 654 | 296 | 438 | 607 | 317 | 139 |
| Cash Conversion Cycle | 4 | 8 | 6 | -321 | -336 | 13 | -84 | -306 | -95 | 67 |
| Working Capital Days | -144 | -394 | -265 | -563 | -166 | 3 | 3 | -54 | -62 | -57 |
| ROCE % | 12 | 12 | 12 | 14 | 9 | 9 | 9 | 9 | 8 | 7 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 34.39% | 34.39% | 34.39% | 30.42% | 30.42% | 30.42% | 30.42% | 30.42% | 30.42% | 30.42% | 30.79% | 30.81% |
| FIIs | 47.28% | 47.16% | 47.22% | 44.47% | 45.99% | 45.07% | 44.31% | 43.61% | 43.41% | 43.32% | 43.85% | 43.87% |
| DIIs | 7.4% | 7.87% | 7.79% | 7.65% | 8.1% | 8.58% | 9.33% | 10.21% | 9.57% | 9.97% | 10.02% | 10.15% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 8.56% | 8.5% | 8.97% | 15.66% | 14.07% | 14.44% | 14.42% | 14.25% | 14.88% | 14.65% | 13.78% | 13.6% |
| Others | 2.35% | 2.07% | 1.62% | 1.79% | 1.41% | 1.49% | 1.51% | 1.5% | 1.71% | 1.63% | 1.56% | 1.57% |
| No. of Shareholders | 331140 | 465282 | 868966 | 1698570 | 1717190 | 1717300 | 1725500 | 1672810 | 1634100 | 1584440 | 1531360 | 1525880 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 19.43 | Buy |
| EMA (10) | 19.44 | Buy |
| SMA (20) | 19.25 | Buy |
| EMA (20) | 19.41 | Buy |
| SMA (50) | 19.65 | Sell |
| EMA (50) | 19.73 | Sell |
| SMA (100) | 20.49 | Sell |
| EMA (100) | 20.18 | Sell |
| SMA (200) | 20.73 | Sell |
| EMA (200) | 20.81 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.97 | Neutral |
| MACD (12,26,9) | -0.03 | Buy |
| Stochastic (14,3,3) | 44.85 | Neutral |
| ADX (14) | 23.12 | Neutral |
| Williams %R (14) | -52.17 | Neutral |
| ATR (14) | 0.48 | Neutral |
| ROC (12) | 0.92 | Buy |
| Stoch RSI (14) | 83.86 | Sell |
| UO (7,14,28) | 45.22 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 5 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 5 analyst ratings, observed at 2026-09-11T04:35:02.127570+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Project Wise Toll Revenue For The Month Of August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a39ae916-7551-463d-a608-52f1778ba13d.pdf) |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dbd09b5-fecd-41f0-8fba-0d5268691be0.pdf) |
| 2026-08-27 | [Intimation Of Schedule Of Analysts/ Institutional Investor Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6cd57b2a-3eb1-4230-b126-bec8c64afd37.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62ce60b5-0670-41b3-9efa-ef2af45dea4b.pdf) |
| 2026-08-27 | [Notice Of 28Th Annual General Meeting And Annual Report For FY 2025-26 Of IRB Infrastructure Developers Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1932631a-6a5f-44c6-a345-f14e09b21c5e.pdf) |
| 2026-08-27 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=564705ec-3512-4a4a-a7a7-9846a93f2428.pdf) |
| 2026-08-27 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9abebdc-4716-4750-96b8-eaf242f4c314.pdf) |
| 2026-08-27 | [Dispatch Of Letters To The Members Providing A Weblink Along With Exact Path To Access The Annual Report Of The Company For The FY 2025-26 In Compliance With Reg 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=150a6550-bb98-4ab7-927e-a38c8b6d0398.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82ea1798-fa32-476e-95c7-411813294dc1.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e14e7f6e-e106-4e5c-ad4b-c039a5d5807e.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23b2eaab-c85b-493a-b8f8-8c945d18979e.pdf) |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f6f7ffa-e40e-42ca-ad36-1151ed9ed7c3.pdf) |
| 2026-02-23 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f327d28-bc33-456c-844c-26bf727e39a2.pdf) |
| 2025-11-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1151555-9d7a-4b86-a372-0ae05b638514.pdf) |
| 2025-08-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca40c0a0-b05b-42b4-8f99-934a360893f0.pdf) |
| 2025-05-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6724732-303f-48f4-85f1-fa5a14aba04b.pdf) |
| 2025-02-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21546db2-068a-4c15-baf2-d41a31f58dd3.pdf) |
| 2024-11-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0386c944-2547-45ae-abd0-37b90a185eaf.pdf) |
| 2024-08-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=732cfa1f-1041-496f-87bd-dc7df18da717.pdf) |
| 2024-05-13 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f1acdc0-5f51-459b-9afb-8deca33b3bec.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d8da526-ae81-46f0-b6c6-f973697d49eb.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d8da526-ae81-46f0-b6c6-f973697d49eb.pdf) |
| Aug 2021 | [Concall - Aug 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e8cae08-f603-4f67-af58-1876e6a578aa.pdf) |
| Aug 2020 | [Concall - Aug 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9d99cb5-2c1a-43aa-91ae-7312f7785808.pdf) |
| Aug 2020 | [Concall - Aug 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9d99cb5-2c1a-43aa-91ae-7312f7785808.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dcbd91b-48b7-46a3-8379-7291d3ce0076.pdf) |
| 2026-05-20 | [Financial Results For Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce061984-c5b4-4e33-8037-4c41d6714bbe.pdf) |
| 2026-02-13 | [Results For Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aecb9488-854c-4cc6-981b-da5607a3a194.pdf) |
| 2025-11-12 | [Financial Results For The Quarter And Six Months Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68f23087-7a2d-4544-b95d-7879c2ca05c9.pdf) |
| 2025-08-14 | [Outcome Of The Meeting Of The Board Of Directors - Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=863664da-c147-469c-ab77-f41a9e9a795e.pdf) |
| 2025-05-19 | [Financial Results For The Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f925de4e-cec2-4901-9682-59f4eb10e31c.pdf) |
| 2025-01-31 | [Results - Financials Results For Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf7425a6-07dd-439e-9a6c-c2cc8b655711.pdf) |
| 2024-10-30 | [Results-Financials Results For Quarter And Half Year Ended September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=986fc519-7852-4d9d-ab45-d85ee7ba5d6a.pdf) |
| 2024-08-09 | [Unaudited Consolidated & Standalone Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=205cd3b8-678b-47e7-9bfa-b013e0dbfe2f.pdf) |
| 2024-05-07 | [Financial Results March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da7f9bb2-1161-4dc1-b26f-ed837049a623.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-30 | [Audio Recordings For The Earnings Call Held On July 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acb4ee5f-1eb0-4ef6-b7c8-6317737245b8.pdf) |
| 2026-05-21 | [Regulation 30 - Audio Recording For The Earnings Call Held On May 21 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=807b5018-ccb8-4dcc-a2cf-d97e13216b9c.pdf) |
| 2026-02-16 | [Pursuant To Regulation 30 Of The SEBI (LODR) Regulations 2015 The Audio Recordings Of The Earnings Call.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a3f2426-039e-49f5-bb07-768a505e52a2.pdf) |
| 2025-11-14 | [Announcement Under Regulation 30 (LODR) Audio Recording For The Earnings Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b29c91a2-c2c8-4a21-824d-8a55d83890a4.pdf) |
| 2025-08-14 | [Announcement Under Regulation 30 (LODR)-Audio Recording Of The Earnings Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a318ce12-16f4-4ecb-8ad9-2a5c6bce4441.pdf) |
| 2025-05-20 | [Announcement Under Regulation 30 (LODR)-Audio Recording Of The Earnings Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c88f223f-ac0a-48ff-81eb-b91f528af905.pdf) |
| 2025-02-01 | [Announcement Under Regulation 30 (LODR)-Audio Recording Of The Earnings Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8d71345-28f5-4e55-8565-38c2e3634039.pdf) |
| 2024-08-09 | [Audio Recording For The Earnings Call Held On August 9, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08817953-4b16-4041-98fa-93170ff579bd.pdf) |
| 2024-05-07 | [Audio Recording For The Earnings Call Held On May 7, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c135db2-5a53-41a5-afde-1cb03912ce0a.pdf) |
| 2024-02-02 | [Announcement Under Regulation 30- Audio Recording For The Earnings Call Held On February 1, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a70aff5-9816-4a16-983e-2571bd7e44a0.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - IRB Group March 2026 toll revenue rose 21% YoY to Rs.783 crore; FY26 toll revenue reached Rs.8,323 crore. | [Toll Revenue For The Month Of March 2026 9 Apr - IRB Group March 2026 toll revenue rose 21% YoY to Rs.783 crore; FY26 toll revenue reached Rs.8,323 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e618a732-efb8-4841-9118-25ee4cc0410a.pdf) |
| 8 May - April 2026 toll revenue rose 24% year-on-year to Rs.793 crore across IRB Group projects. | [Toll Revenue For The Month Of April 2026 8 May - April 2026 toll revenue rose 24% year-on-year to Rs.793 crore across IRB Group projects.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/41496b43-ea45-43d8-ba14-412cacdb19e0.pdf) |
| 7 Mar - February 2026 tolls Rs.746 Cr vs Rs.614 Cr in Feb 2025 (≈22% YoY) | [Toll Revenue For The Month Of February 2026 7 Mar - February 2026 tolls Rs.746 Cr vs Rs.614 Cr in Feb 2025 (≈22% YoY)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/46c81189-2d44-401e-987a-617d237669d3.pdf) |
| 4 Mar - IRB management meeting investors/analysts at J.P. Morgan India Credit Investor Trip on March 9, 2026; no UPSI. | [Intimation Of Schedule Of Analysts / Institutional Investor Meeting - Regulation 30 Of SEBI (LODR) Regulations, 2015. 4 Mar - IRB management meeting investors/analysts at J.P. Morgan India Credit Investor Trip on March 9, 2026; no UPSI.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8384c3b4-6a3a-4a74-8d26-ab9f005d85e3.pdf) |
| 3 Apr - Ind-Ra revised IRB Infrastructure’s rating outlook to Positive and affirmed AA- ratings on bank facilities. | [Announcement under Regulation 30 (LODR)-Credit Rating 3 Apr - Ind-Ra revised IRB Infrastructure’s rating outlook to Positive and affirmed AA- ratings on bank facilities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b99792e-d039-4132-abd7-fe96f51366ae.pdf) |
| 29 Apr - Ganga Expressway Group 1 inaugurated; trial runs start 30 April 2026, tolling soon. | [Update Regarding Ganga Expressway Project 29 Apr - Ganga Expressway Group 1 inaugurated; trial runs start 30 April 2026, tolling soon.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/506017da-9a03-418d-860f-559cfc8cec2b.pdf) |
| 29 Apr - Ganga Expressway Group 1 inaugurated; trial runs start 30 April 2026, tolling soon. | [Update Regarding Ganga Expressway Project 29 Apr - Ganga Expressway Group 1 inaugurated; trial runs start 30 April 2026, tolling soon.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/506017da-9a03-418d-860f-559cfc8cec2b.pdf) |
| 27 Feb - Arbitral award grants IRB Rs.273.54 crore plus interest and 136.77-day concession extension versus NHAI (dated Feb 27, 2026). | [Regulation 30 - Update On Arbitration Proceeding Of Kaithal Tollway Limited (KTL) - Project SPV Of IRB Invit Fund 27 Feb - Arbitral award grants IRB Rs.273.54 crore plus interest and 136.77-day concession extension versus NHAI (dated Feb 27, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e5ea41f-71df-4c09-90d0-7c5abbf69737.pdf) |
| 24 Mar - IRB executed PIA to act as Project Manager for TOT-18 with IRBCTPL; shareholder approval on March 23, 2026. | [Execution Of Project Implementation Agreement For The TOT-18 Project 24 Mar - IRB executed PIA to act as Project Manager for TOT-18 with IRBCTPL; shareholder approval on March 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcf0f48b-3b76-47df-8807-d2190e893457.pdf) |
| 23 Mar - 1:1 bonus issue approved; Record Date April 1, 2026; deemed allotment April 2, 2026. | [Record Date For Issue Of Bonus Equity Shares 23 Mar - 1:1 bonus issue approved; Record Date April 1, 2026; deemed allotment April 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a596727-8012-43db-9017-646466c58726.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34b4c727-e862-4466-89ee-b1b1a7618214.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f4c8b6ee-cd3d-4cc7-8eda-eb8ae62827d9.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0ff3457-baa4-49b9-8aa1-502871185cf1.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532947/74695532947.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532947/71084532947.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532947/5329470320.pdf) |

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