Trending stocks: IRB Infra shares climb over 4%

NEW DELHI: Shares of IRB Infrastructure Developers Ltd. traded 4.31 per cent up in Thursday's trade at 11:05AM (IST). Around 187,690 shares changed hands on the counter.

The counter opened at Rs 118.65 and touched an intraday high and low of Rs 123.2 and Rs 118.6, respectively, in the session so far. The stock of IRB Infrastructure Developers Ltd. quoted a 52-week high of Rs 123.2 and a 52-week low of Rs 46.0.

Total market cap of the IRB Infrastructure Developers Ltd. stood at Rs 4298.23 crore at the time of writing this report.


The company said it has raised Rs 150 crore through allotment of NCDs on a private placement basis.


Key Financials
The company reported consolidated net sales of Rs 1584.45 crore for the quarter ended 31-Mar-2020, down 9.08 per cent from previous quarter's Rs 1742.64 crore and down 18.67 per cent from the year-ago quarter's Rs 1948.3 crore.

The net profit for latest quarter stood at Rs 154.3244 crore, down 25.81 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 7.82 per cent stake in the firm, 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 5.96 and a price-to-book ratio of 0.64. 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.