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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  IRB Infrastructure Developers Limited    IRB   INE821I01014

IRB INFRASTRUCTURE DEVELOPERS LIMITED

(IRB)
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Irb Infrastructure Developers : Singapore's GIC to invest $621 million in India's IRB Infra road assets

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08/06/2019 | 07:25am EDT
FILE PHOTO: The logo for Singapore sovereign wealth fund GIC Pte Ltd, is seen on a building in Singapore

BENGALURU (Reuters) - India's IRB Infrastructure Developers Ltd said on Tuesday an affiliate of Singapore's GIC sovereign wealth fund will invest 44 billion rupees ($621.51 million) in its road and highway assets.

IRB Infrastructure will hold a 51% stake and keep management control in a private infrastructure investment trust, which will be set under the deal, the highway construction firm said (https://www.bseindia.com/xml-data/corpfiling/AttachLive/821e00e1-bf40-4b50-b931-9ba68138c76e.pdf).

IRB Infrastructure and GIC also plan to explore other opportunities in the road sector in India through the trust, Chief Executive Virendra Mhaiskar said.

(Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry Jacob-Phillips)

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Financials
Sales 2020 70 957 M 945 M 945 M
Net income 2020 7 427 M 98,9 M 98,9 M
Net Debt 2020 163 B 2 165 M 2 165 M
P/E ratio 2020 5,86x
Yield 2020 3,30%
Capitalization 43 879 M 585 M 584 M
EV / Sales 2019
EV / Sales 2020 2,91x
Nbr of Employees 4 031
Free-Float 42,2%
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 142,22 INR
Last Close Price 124,85 INR
Spread / Highest target 89,8%
Spread / Average Target 13,9%
Spread / Lowest Target -47,1%
EPS Revisions
Managers
NameTitle
Virendra Dattatray Mhaiskar Chairman & Managing Director
Mukeshlal L. Gupta Joint Managing Director & Non-Independent Director
Sudhir Rao Hoshing Joint Managing Director & Non-Independent Director
Nityanand M. P. Nair Operations Director
Anil D. Yadav Group Chief Financial Officer