IRB Infrastructure Developers Limited (IRB) - Net Assets
Based on the latest financial reports, IRB Infrastructure Developers Limited (IRB) has net assets worth Rs203.80 Billion INR (≈ $2.20 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs543.46 Billion ≈ $5.88 Billion USD) and total liabilities (Rs339.66 Billion ≈ $3.67 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check IRB financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs203.80 Billion |
| % of Total Assets | 37.5% |
| Annual Growth Rate | 29.41% |
| 5-Year Change | 187.31% |
| 10-Year Change | 307.73% |
| Growth Volatility | 66.85 |
IRB Infrastructure Developers Limited - Net Assets Trend (2005–2025)
This chart illustrates how IRB Infrastructure Developers Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is IRB Infrastructure Developers Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for IRB Infrastructure Developers Limited (2005–2025)
The table below shows the annual net assets of IRB Infrastructure Developers Limited from 2005 to 2025. For live valuation and market cap data, see IRB market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs198.27 Billion ≈ $2.14 Billion |
+44.25% |
| 2024-03-31 | Rs137.45 Billion ≈ $1.49 Billion |
+2.73% |
| 2023-03-31 | Rs133.79 Billion ≈ $1.45 Billion |
+6.47% |
| 2022-03-31 | Rs125.66 Billion ≈ $1.36 Billion |
+82.09% |
| 2021-03-31 | Rs69.01 Billion ≈ $746.29 Million |
+3.26% |
| 2020-03-31 | Rs66.83 Billion ≈ $722.73 Million |
+5.82% |
| 2019-03-31 | Rs63.15 Billion ≈ $682.96 Million |
+10.94% |
| 2018-03-31 | Rs56.93 Billion ≈ $615.62 Million |
+7.98% |
| 2017-03-31 | Rs52.72 Billion ≈ $570.10 Million |
+8.41% |
| 2016-03-31 | Rs48.63 Billion ≈ $525.89 Million |
+10.62% |
| 2015-03-31 | Rs43.96 Billion ≈ $475.40 Million |
+22.23% |
| 2014-03-31 | Rs35.96 Billion ≈ $388.93 Million |
+6.88% |
| 2013-03-31 | Rs33.65 Billion ≈ $363.89 Million |
+13.33% |
| 2012-03-31 | Rs29.69 Billion ≈ $321.08 Million |
+17.71% |
| 2011-03-31 | Rs25.22 Billion ≈ $272.76 Million |
+19.10% |
| 2010-03-31 | Rs21.18 Billion ≈ $229.03 Million |
+18.31% |
| 2009-03-31 | Rs17.90 Billion ≈ $193.58 Million |
+8.56% |
| 2008-03-31 | Rs16.49 Billion ≈ $178.31 Million |
+237.53% |
| 2007-03-31 | Rs4.88 Billion ≈ $52.83 Million |
+227.64% |
| 2006-03-31 | Rs1.49 Billion ≈ $16.12 Million |
+30.41% |
| 2005-03-31 | Rs1.14 Billion ≈ $12.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IRB Infrastructure Developers Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12835624000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs128.36 Billion | 64.74% |
| Common Stock | Rs6.04 Billion | 3.05% |
| Other Comprehensive Income | Rs-531.96 Million | -0.27% |
| Other Components | Rs64.40 Billion | 32.48% |
| Total Equity | Rs198.27 Billion | 100.00% |
IRB Infrastructure Developers Limited Competitors by Market Cap
The table below lists competitors of IRB Infrastructure Developers Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hotel101 Global Holdings Corp. Class A Ordinary Shares
NASDAQ:HBNB
|
$1.41 Billion |
|
ZWSOFT Guangzhou Co Ltd
SHG:688083
|
$1.41 Billion |
|
Great Wall Enterprise Co Ltd
TW:1210
|
$1.41 Billion |
|
Mirae Asset Life Insurance Co Ltd
KO:085620
|
$1.41 Billion |
|
Xiangtan Electrochemical Scientific Co Ltd
SHE:002125
|
$1.41 Billion |
|
Genertec Universal Medical Group Company Limited
F:5UM
|
$1.41 Billion |
|
Iluka Resources Limited
F:ILZ
|
$1.41 Billion |
|
Sitio Royalties Corp.
NYSE:STR
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRB Infrastructure Developers Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 137,445,050,000 to 198,265,790,000, a change of 60,820,740,000 (44.3%).
- Net income of 64,806,840,000 contributed positively to equity growth.
- Dividend payments of 2,415,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,590,640,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs64.81 Billion | +32.69% |
| Dividends Paid | Rs2.42 Billion | -1.22% |
| Other Comprehensive Income | Rs-1.59 Billion | -0.8% |
| Other Changes | Rs20.14 Million | +0.01% |
| Total Change | Rs- | 44.25% |
Book Value vs Market Value Analysis
This analysis compares IRB Infrastructure Developers Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 62.62x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs0.34 | Rs21.54 | x |
| 2006-03-31 | Rs0.45 | Rs21.54 | x |
| 2007-03-31 | Rs0.37 | Rs21.54 | x |
| 2008-03-31 | Rs1.19 | Rs21.54 | x |
| 2009-03-31 | Rs1.04 | Rs21.54 | x |
| 2010-03-31 | Rs1.23 | Rs21.54 | x |
| 2011-03-31 | Rs1.46 | Rs21.54 | x |
| 2012-03-31 | Rs1.72 | Rs21.54 | x |
| 2013-03-31 | Rs1.96 | Rs21.54 | x |
| 2014-03-31 | Rs2.14 | Rs21.54 | x |
| 2015-03-31 | Rs2.62 | Rs21.54 | x |
| 2016-03-31 | Rs2.75 | Rs21.54 | x |
| 2017-03-31 | Rs3.00 | Rs21.54 | x |
| 2018-03-31 | Rs3.24 | Rs21.54 | x |
| 2019-03-31 | Rs17.97 | Rs21.54 | x |
| 2020-03-31 | Rs19.02 | Rs21.54 | x |
| 2021-03-31 | Rs19.64 | Rs21.54 | x |
| 2022-03-31 | Rs30.22 | Rs21.54 | x |
| 2023-03-31 | Rs22.15 | Rs21.54 | x |
| 2024-03-31 | Rs22.76 | Rs21.54 | x |
| 2025-03-31 | Rs32.83 | Rs21.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IRB Infrastructure Developers Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 32.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 91.77%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.72x
- Recent ROE (32.69%) is above the historical average (11.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.07% | 3.43% | 0.02x | 1.02x | Rs-113.47 Million |
| 2006 | 5.47% | 102.16% | 0.05x | 1.01x | Rs-67.49 Million |
| 2007 | 6.03% | 7.43% | 0.09x | 8.59x | Rs-149.69 Million |
| 2008 | 7.03% | 15.55% | 0.19x | 2.43x | Rs-481.43 Million |
| 2009 | 10.16% | 17.73% | 0.21x | 2.67x | Rs28.43 Million |
| 2010 | 19.77% | 23.66% | 0.31x | 2.72x | Rs1.99 Billion |
| 2011 | 19.08% | 19.03% | 0.31x | 3.27x | Rs2.21 Billion |
| 2012 | 17.36% | 15.83% | 0.29x | 3.80x | Rs2.10 Billion |
| 2013 | 17.10% | 15.10% | 0.28x | 4.06x | Rs2.31 Billion |
| 2014 | 12.89% | 12.30% | 0.24x | 4.41x | Rs1.03 Billion |
| 2015 | 12.45% | 14.11% | 0.10x | 9.03x | Rs1.07 Billion |
| 2016 | 13.24% | 12.46% | 0.12x | 8.74x | Rs1.56 Billion |
| 2017 | 13.57% | 12.24% | 0.13x | 8.85x | Rs1.88 Billion |
| 2018 | 16.16% | 16.15% | 0.14x | 7.10x | Rs3.50 Billion |
| 2019 | 13.46% | 12.67% | 0.17x | 6.41x | Rs2.18 Billion |
| 2020 | 10.79% | 10.52% | 0.17x | 5.97x | Rs525.75 Million |
| 2021 | 1.70% | 2.21% | 0.13x | 5.97x | Rs-5.73 Billion |
| 2022 | 2.88% | 6.23% | 0.14x | 3.39x | Rs-8.95 Billion |
| 2023 | 5.38% | 11.25% | 0.15x | 3.20x | Rs-6.18 Billion |
| 2024 | 4.41% | 8.18% | 0.16x | 3.27x | Rs-7.69 Billion |
| 2025 | 32.69% | 91.77% | 0.13x | 2.72x | Rs44.98 Billion |
Industry Comparison
This section compares IRB Infrastructure Developers Limited's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $-16,391,853,609
- Average return on equity (ROE) among peers: -66.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IRB Infrastructure Developers Limited (IRB) | Rs203.80 Billion | 0.07% | 1.67x | $1.41 Billion |
| ARSS Infrastructure Projects Limited (ARSSINFRA) | $3.38 Billion | 26.65% | 1.86x | $52.89 Million |
| Atlantaa Limited (ATLANTAA) | $-3.20 Billion | 0.00% | 0.00x | $36.02 Million |
| BF Utilities Limited (BFUTILITIE) | $719.15 Million | 70.68% | 28.92x | $227.67 Million |
| Bharat Road Network Limited (BRNL) | $104.84 Million | -579.56% | 48.21x | $18.86 Million |
| Gayatri Highways Limited (GAYAHWS) | $162.00K | -11.73% | 0.49x | $5.83 Million |
| IL&FS Transportation Networks Limited (IL&FSTRANS) | $-138.84 Billion | 0.00% | 0.00x | $8.32 Million |
| MEP Infrastructure Developers Limited (MEP) | $1.94 Billion | -39.75% | 24.22x | $1.98 Million |
| Noida Toll Bridge Company Limited (NOIDATOLL) | $4.77 Billion | 0.48% | 0.24x | $7.61 Million |
About IRB Infrastructure Developers Limited
IRB Infrastructure Developers Limited engages in the infrastructure development business in India. It operates through Built, Operate and Transfer/Toll Operate and Transfer; InvITs & Related Assets; and Construction segments. The company develops, operates, and maintains road. It also provides invests in units of IRB Infrastructure Trust, IRB InvIT Fund and other related assets. In addition, the … Read more