---
title: "IRB Infrastructure Trust (IRBIT) — Share Price, Financials & Analysis"
symbol: "IRBIT"
company: "IRB Infrastructure Trust"
canonical: "https://tapetide.com/stocks/IRBIT"
isin: "INE0C8K23012"
nse_symbol: "IRBIT"
sector: "Services"
industry: "Transport Infrastructure"
market_cap_cr: 25612.58
generated_at: "2026-09-13T19:20:27.914Z"
---

# IRB Infrastructure Trust (IRBIT)

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

## Company

- **NSE Symbol:** IRBIT
- **ISIN:** INE0C8K23012
- **Sector:** Services
- **Industry:** Transport Infrastructure
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Face Value:** ₹100
- **F&O Eligible:** No

## About

IRB Infrastructure Trust is engaged in to invest in infrastructure assets primarily being in the road sector in India which in the context of Ind AS 108 - Operating Segments is considered as the only segment.

## Latest Price

- **Price:** ₹220.22
- **Change:** +3.4 (+1.57%)
- **Open:** ₹0
- **Day High:** ₹220.22
- **Day Low:** ₹220.22
- **Previous Close:** ₹216.82
- **Volume:** 0
- **As Of:** 2026-09-11T03:38:53+00:00

## Key Fundamentals

Observed at 2026-09-11T04:30:14.598671Z.

- **Market Cap:** ₹25612.58 Cr
- **Classification:** Smallcap
- **P/E (reported):** 10.7
- **P/E (TTM):** 10.7
- **EPS (TTM):** ₹20.59
- **Book Value:** ₹108.14
- **Price to Book:** 2.04
- **Dividend Yield:** 0.78%
- **ROE:** -2.03%
- **ROCE:** 5.17%
- **Debt to Equity:** 1.9

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 3.46% over last 3 years.
- Promoters have pledged 37.9% of their holding.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | — | 131% |
| revenue growth | 45% | 46% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1294 | 738 | 1140 | 1251 | 1156 | 1070 | 1904 | 1726 | 1287 | 4042 | 1495 | 1641 |
| Expenses | 717 | 501 | 777 | 720 | 697 | 477 | 1196 | 1003 | 632 | 788 | 700 | 821 |
| Operating Profit | 577 | 237 | 363 | 531 | 459 | 593 | 708 | 724 | 655 | 3254 | 795 | 820 |
| OPM % | 45 | 32 | 32 | 42 | 40 | 55 | 37 | 42 | 51 | 81 | 53 | 50 |
| Other Income | 1 | 0 | 27 | 0 | 2 | 24 | 23 | 8 | 22 | 57 | 35 | 28 |
| Interest | 523 | 277 | 423 | 516 | 532 | 544 | 608 | 623 | 646 | 614 | 590 | 674 |
| Depreciation | 158 | 82 | 96 | 131 | 120 | 114 | 89 | 132 | 120 | 145 | 195 | 196 |
| Profit before tax | -102 | -122 | -129 | -116 | -191 | -41 | 34 | -23 | -89 | 2552 | 45 | -22 |
| Tax % | 13 | -6 | -13 | -1 | -10 | 14 | 15 | 88 | -2 | 4 | -2 | -46 |
| Net Profit | -115 | -115 | -113 | -115 | -172 | -47 | 29 | -43 | -87 | 2459 | 46 | -12 |
| EPS in Rs | — | — | -0.96 | -0.98 | -1.47 | -0.4 | 0.25 | -0.38 | -0.74 | 20.98 | 0.38 | -0.03 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 1240 | 2691 | 3893 | 5335 | 8397 | 8465 |
| Expenses | 643 | 1641 | 2949 | 3089 | 3019 | 2941 |
| Operating Profit | 597 | 1050 | 944 | 2246 | 5378 | 5524 |
| OPM % | 48 | 39 | 24 | 42 | 64 | 65 |
| Other Income | 10 | 26 | 84 | 95 | 103 | 141 |
| Interest | 954 | 1026 | 1447 | 2201 | 2378 | 2524 |
| Depreciation | 167 | 281 | 365 | 454 | 618 | 655 |
| Profit before tax | -515 | -230 | -784 | -315 | 2485 | 2486 |
| Tax % | -14 | -1 | -15 | -3 | 4 | — |
| Net Profit | -444 | -227 | -665 | -305 | 2376 | 2406 |
| EPS in Rs | — | — | -5.67 | -2.63 | 20.23 | 20.59 |
| Dividend Payout % | 0 | 0 | -93 | -82 | 20 | — |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 8550 | 8793 | 13509 | 15089 | 15623 |
| Reserves | -811 | -1040 | -72 | -168 | 954 |
| Borrowings | 9728 | 10508 | 21532 | 19207 | 31440 |
| Other Liabilities | 5690 | 6087 | 5207 | 12229 | 5801 |
| Total Liabilities | 23157 | 24348 | 40176 | 46357 | 53817 |
| Fixed Assets | 22247 | 22903 | 31764 | 26401 | 51246 |
| CWIP | 129 | 242 | 6482 | 5134 | 0 |
| Investments | 66 | 128 | 152 | 187 | 266 |
| Other Assets | 715 | 1074 | 1777 | 14635 | 2305 |
| Total Assets | 23157 | 24348 | 40176 | 46357 | 53817 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1988 | 1351 | 239 | 2890 | 2494 |
| Cash from Investing Activity | -1831 | -1380 | -16033 | -3538 | -6164 |
| Cash from Financing Activity | -170 | 73 | 15881 | 826 | 3501 |
| Net Cash Flow | -13 | 44 | 87 | 177 | -169 |
| Free Cash Flow | 227 | 246 | -15226 | 1181 | -11788 |
| CFO/OP | 332 | 132 | 27 | 130 | 48 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 2 | 1 | 1 | 1 | 0 |
| Cash Conversion Cycle | 2 | 1 | 1 | 1 | 0 |
| Working Capital Days | -461 | -270 | -75 | 255 | -39 |
| ROCE % | — | 4 | 2 | 5 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% | 51.02% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Others | 49% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% | 48.98% |
| No. of Shareholders | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4.16 | Buy |
| EMA (10) | 4.14 | Buy |
| SMA (20) | 4.42 | Sell |
| EMA (20) | 4.3 | Sell |
| SMA (50) | 4.58 | Sell |
| EMA (50) | 4.62 | Sell |
| SMA (100) | 5.12 | Sell |
| EMA (100) | 5.23 | Sell |
| SMA (200) | 6.72 | Sell |
| EMA (200) | 6.55 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.66 | Neutral |
| MACD (12,26,9) | -0.19 | Sell |
| Stochastic (14,3,3) | 18.27 | Buy |
| ADX (14) | 28.16 | Buy |
| Williams %R (14) | -57.69 | Neutral |
| ATR (14) | 0.37 | High Volatility |
| ROC (12) | -6.87 | Sell |
| Stoch RSI (14) | 57.6 | Neutral |
| UO (7,14,28) | 44.55 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Updates](https://nsearchives.nseindia.com/corporate/IRBIT_09092026170017_Update_Toll_Collection_August_2026_IRBIT_sd.pdf) |
| 2026-09-02 | [Updates](https://nsearchives.nseindia.com/corporate/IRBIT_02092026185118_Update_Statutory_Auditor_Firm_name-IRBIT-sd.pdf) |
| 2026-08-10 | [Updates](https://nsearchives.nseindia.com/corporate/IRBIT_10082026163944_Update_Toll_Collection_July_2026_IRBITsigned.pdf) |
| 2026-07-28 | [Record Date](https://nsearchives.nseindia.com/corporate/IRBIT_28072026183117_OutcomeBMIRBITFinancialResultssigned.pdf) |
| 2026-07-28 | [Disclosure of Valuation report](https://nsearchives.nseindia.com/corporate/IRBIT_28072026183646_ValReportJune2026IRBITrustsigned.pdf) |
| 2026-07-24 | [Disclosure of details of any credit rating obtained by the InvIT and any change in such rating](https://nsearchives.nseindia.com/corporate/IRBIT_24072026115236_NSECreditRatingIRBITsigned.pdf) |
| 2026-07-23 | [Updates](https://nsearchives.nseindia.com/corporate/IRBIT_23072026185726_UpdateRefinance3SPVs23072026IRBIT.pdf) |
| 2026-07-23 | [Outcome of Unitholder meetings](https://nsearchives.nseindia.com/corporate/IRBIT_23072026172917_VotingResultsAM23072026.pdf) |
| 2026-07-21 | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter](https://nsearchives.nseindia.com/corporate/IRBIT_21072026145011_Corporate_Governance-Trust-_June_2026_sd.pdf) |
| 2026-07-16 | [Outcome of Unitholder meetings](https://nsearchives.nseindia.com/corporate/IRBIT_16072026180554_IntimationVotingResultsEM16072026.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-28 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_28072026182912_OutcomeBMIRBITFinancialResultssigned.pdf) |
| 2026-07-02 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_02072026145454_OutcomeBM020726IRBITsd.pdf) |
| 2026-06-16 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_16062026153628_OutcomeBM16062026IRBIT.pdf) |
| 2026-05-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_14052026233441_OutcomeBMIRBITFinResults14052026sd.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_12022026022422_OutcomeBMIRBITFinResultssd.pdf) |
| 2025-12-30 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_30122025150541_OutcomeBMIRBITTOT17Finalsd.pdf) |
| 2025-11-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRBIT_12112025100602_OutcomeBMIRBITsd.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 March 2026 - Feb 2026 gross toll revenue Rs3,574m (~+34% YoY); new SPV began tolling Jan 23. | [Updates 7 March 2026 - Feb 2026 gross toll revenue Rs3,574m (~+34% YoY); new SPV began tolling Jan 23.](https://nsearchives.nseindia.com/corporate/IRBIT_07032026095525_UpdateTollCollectionFebruary2026IRBITsd.pdf) |
| 27 March 2026 - Trading window closed from April 1, 2026; reopens 48 hours after results for quarter/year ended March 31, 2026. | [Trading Window 27 March 2026 - Trading window closed from April 1, 2026; reopens 48 hours after results for quarter/year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/IRBIT_27032026161443_Intimation_-_IRBIT_-_Trading_Window_Closure_sd.pdf) |
| 26 February 2026 - Feb 26, 2026: Unitholders approved investment in IRB Chandibhadra (TOT-18) and Project Manager appointment; 117,20,93,265 votes. | [Outcome of Unitholder meetings 26 February 2026 - Feb 26, 2026: Unitholders approved investment in IRB Chandibhadra (TOT-18) and Project Manager appointment; 117,20,93,265 votes.](https://nsearchives.nseindia.com/corporate/IRBIT_26022026190401_NSEIntimationVotingResultsEM26022026.pdf) |
| 24 March 2026 - Nitish Hemdani appointed Additional Non-Independent Director; Boon Chin Hau resigns, effective April 1, 2026. | [Updates 24 March 2026 - Nitish Hemdani appointed Additional Non-Independent Director; Boon Chin Hau resigns, effective April 1, 2026.](https://nsearchives.nseindia.com/corporate/IRBIT_24032026220619_UpdateDirectorchangeIRBITsd.pdf) |
| 24 March 2026 - Definitive agreements signed Mar 24, 2026 to invest in TOT-18 (IRBCTPL); sponsor appointed project manager. | [Updates 24 March 2026 - Definitive agreements signed Mar 24, 2026 to invest in TOT-18 (IRBCTPL); sponsor appointed project manager.](https://nsearchives.nseindia.com/corporate/IRBIT_24032026215810_TOT18DefAgrmtIRBITsd.pdf) |
| 20 March 2026 - Financial closure: Rs.2,385 Crore senior debt for TOT-18; Rs.3,087 Crore bid fee; 74.5km, 20-year concession. | [Updates 20 March 2026 - Financial closure: Rs.2,385 Crore senior debt for TOT-18; Rs.3,087 Crore bid fee; 74.5km, 20-year concession.](https://nsearchives.nseindia.com/corporate/IRBIT_20032026225928_UpdateFCTOT18IRBIT.pdf) |
| 16 March 2026 - NHAI revoked suspension; Palsit–Dankuni toll collection resumed from March 16, 2026. | [Updates 16 March 2026 - NHAI revoked suspension; Palsit–Dankuni toll collection resumed from March 16, 2026.](https://nsearchives.nseindia.com/corporate/IRBIT_16032026203144_UpdateTollCollectionPDIRBITsd.pdf) |
| 12 February 2026 - Unaudited Q3/9M results; declared Re.0.43/unit distribution (record Feb 16, paid by Feb 23); NAV Rs.317.32. | [Record Date 12 February 2026 - Unaudited Q3/9M results; declared Re.0.43/unit distribution (record Feb 16, paid by Feb 23); NAV Rs.317.32.](https://nsearchives.nseindia.com/corporate/IRBIT_12022026023010_OutcomeBMIRBITFinResultssd.pdf) |
| 12 February 2026 - EM Feb 26 to approve up to Rs.3,500 crore investment in TOT-18 SPV and appoint project manager. | [Notice of Unitholder meetings 12 February 2026 - EM Feb 26 to approve up to Rs.3,500 crore investment in TOT-18 SPV and appoint project manager.](https://nsearchives.nseindia.com/corporate/IRBIT_12022026170836_EGMNoticeDisclosuresd.pdf) |
| 11 March 2026 - Palsit–Dankuni underpass approach damaged; traffic diverted; NHAI suspended tolls; rectification expected 8–10 days. | [Updates 11 March 2026 - Palsit–Dankuni underpass approach damaged; traffic diverted; NHAI suspended tolls; rectification expected 8–10 days.](https://nsearchives.nseindia.com/corporate/IRBIT_11032026222635_UpdatePDIRBITsd.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:20:27.914Z.