IRB Infra

IRB stands for "Indian Road Builders". This is a company that has specialied in Road building like National Highways and Four way tracks. With the desperate need to improve inland road infrasturcture, the role of companies like IRB is indespensable.

This company has got orders worth Rs.16000 Crores spread over 16 projects. And IRB has got good track record of executing major projects like Mumbai-Pune Highway. The projects executed by this company is on Build-Operate-Transfer (BOT) model, which ensures steady flow of revenue by way of toll revenue.

One look at the chart below would speak volumes. From its five year high of 300+ and One year high of 200+, the stock currently trades at Rs.121. In the event of some positive development from government decisions regarding speeding up infra projects, IRB could fly high.

IRB's face value per share is Rs.10.
Its book value is Rs.47.44
Its EPS is Rs.5.58
Its PE is 21.43 ( pretty high)
Its dividend yield is 1.25%