Rs 108 to Rs 245: A BSE 500 company’s highway to multibagger returns!

Rs 108 to Rs 245: A BSE 500 company’s highway to multibagger returns!

by 5paisa Research Team Last Updated: Mar 31, 2022, 01:56 PM IST

 With a footprint in 10 Indian States, the company has an assets base of over Rs 61,000 crore.

IRB Infrastructure Developers Ltd, an integrated roads and highways infrastructure developing company, has generated immense wealth for its shareholders. In the last 1 year, the share price of the company has jumped from Rs 108.65 on 1 April 2021 to Rs 245.05 on 30 March 2022.

An investment of Rs 1 lakh in this stock would have turned to Rs 2.25 lakh today. Comparing the performance of the stock with the S&P BSE India Infrastructure Business index, the former has given massive returns of 125.5% against a gain of 24.14% by the latter.

One of the plausible reasons for these extraordinary returns could be the conducive environment available for the company’s business. As the largest developing economy, major impetus is being given by the government to infrastructure development, generating numerous business opportunities for the construction industry.

IRB Infrastructure Developers Ltd is a S&P BSE 500 company and operates majorly in the Build-Operate-Transfer (BOT) segment. The company has a portfolio of 25 projects, which includes 1 Airport project. As of 31st December 2021, the company’s order book stood at Rs 18,500 crore; which was a sequential increase of 40%.

Latest financial highlights

In Q3FY22, on a consolidated basis, the company’s top line declined by 17.32% YoY to Rs 1279.11 crore. Despite this, the PBIDT (ex O) increased by 2.56% YoY to Rs 738.37 crore and its corresponding margin expanded by 1120 bps YoY to 57.73%. Similarly, the company’s net profit during the quarter surged by 90.37% YoY to Rs 168.89 crore while its corresponding margin expanded by 747 bps YoY to 13.2%.

At 1.35 pm, the shares of IRB Infrastructure Developers Ltd were trading at Rs 251.90, an increase of 2.8% from the previous day’s closing price of Rs 245.05 on BSE. The stock has a 52-week high and low of Rs 346.95 and Rs 100.70 on BSE.

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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)

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