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HomeSTOCKS₹57 Share; Leading Construction Company Is Going To Acquire 24% Stake; Massive...

₹57 Share; Leading Construction Company Is Going To Acquire 24% Stake; Massive Return

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IRB Infrastructure Developers Ltd (NSE: IRB) Share: The shares of IRB Infrastructure rose by 8 percent, on Friday. Its shares climbed to an intraday high of 60.29. There’s a significant reason that is behind this surge in the shares. 

Sintra an affiliate of Spain’s top construction firm Ferrovial will purchase 24 percent of IRB Infrastructure Trust from GIC Affiliates.

What Are The Details?

Cintra, a subsidiary of Spanish infrastructure company Ferrovial has agreed to purchase 24 percent of IRB Infrastructure Trust from GIC, IRB Infra said in an exchange report. 

In addition, the trust’s investment manager is also committing to purchase an equal share in MMK Toll Road. 

The stake purchase is worth about Rs 6590 crore (about $796 million). Ferrovial stated in its statement that it has arranged to purchase 24 percent of the stake in IRB Infrastructure Trust for $810 million (about Rs 6720 crore).

Price Can Go Up To Rs 60

IRB Infrastructure Trust is an investment trust for infrastructure (InvIT) that manages roads and various infrastructure assets. 

GIC first invested in IRB Infrastructure Trust in August. IRB Infrastructure Trust in August 2019 when put in an investment of 4400 crores in nine toll-free roads. 

Motilal Oswal Financial Services said there would be no funds transfer into private InvIT in the wake of this deal. 

The brokerage firm stated that it anticipates IRB shares to appreciate. Motilal has issued a ‘neutral rating’ to this stock and has set its price goal at 60 rupees per share.

About IRB Infrastructure Developers Ltd

IRB Infrastructure Developers Ltd. is India’s top integrated and the first multinational infrastructure development company in the field of highways.

It has a major presence in the Build-Operate-Transfer (BOT) space. The company has more than 20 years of experience carrying out large, complicated projects throughout India.

It completed it with the First BOT project in India. The company launched as well as listed its first Infrastructure Investment Trust (InvIT) in India.

It has a solid track record, including its extensive network of over 23 operational projects that span more than 5,800 lane miles and its presence across 11 states across India and South Africa.

Fundamental Analysis of IRB Infrastructure Developers Ltd

Market Cap₹ 34,603 Cr.
Current Price₹ 57.25
52-wk High₹ 72
52-wk Low₹ 22.50
Stock P/E63.24
Book Value₹ 22.5
Dividend0.35 %
ROCE8.67 %
ROE5.43 %
Face Value₹ 1.00
P/B Value2.55
OPM42.8 %
EPS₹ 0.91
Debt₹ 18,097 Cr.
Debt to Equity1.33

IRB Infrastructure Developers Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 70₹ 100
2025₹ 105₹ 112
2026₹ 123₹ 135
2027₹ 141₹ 150
2028₹ 160₹ 198
2029₹ 200₹ 240
2030₹ 241₹ 289
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IRB Infrastructure Developers Ltd Shareholding Pattern

Promoters Holding
Dec 202234.20%
Mar 202334.20%
June 202334.21%
Sept 202334.39%
Dec 202334.39%
FII Holding
Dec 202248.58%
Mar 202348.52%
June 202348.37%
Sept 202347.29%
Dec 202347.16%
DII Holding
Dec 20226.71%
Mar 20236.98%
June 20236.98%
Sept 20237.38%
Dec 20237.85%
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Govt. Holding
Dec 20220.01%
Mar 20230.01%
June 20230.01%
Sept 20230.01%
Dec 20230.01%
Public Holding
Dec 202210.50%
Mar 202310.28%
June 202310.43%
Sept 202310.94%
Dec 202310.59%

IRB Infrastructure Developers Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 6,707 Cr
2020₹ 6,852 Cr
2021₹ 5,299 Cr
2022₹ 5,804 Cr
2023₹ 6,968 Cr
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Last 5 Years’ Net Profit:

2019₹ 850 Cr
2020₹ 721 Cr
2021₹ 117 Cr
2022₹ 361 Cr
2023₹ 547 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20192.49
20201.28
20212.62
20221.33
20231.25

Last 10 Years’ Profit Growth:

10 Years:2%
5 Years:-3%
3 Years:1%
Current Year:-28%

Last 10 years’ Return on Equity (ROE):

10 Years:9%
5 Years:6%
3 Years:4%
Last Year:5%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:2%
3 Years:-2%
Current Year:12%

Conclusion

This article is a complete guide about IRB Infrastructure Developers Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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