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IRCON International Ltd

₹ 1770.14%
06 Jan – close price
🔗ircon.org•BSE: 541956•NSE: IRCON
Market Cap₹ 16,672 Cr.
Current Price₹ 177
High / Low₹ 230
Stock P/E24.0
Book Value₹ 68.7
Dividend Yield1.49 %
ROCE14.7 %
ROE11.6 %
Face Value₹ 2.00
Sales₹ 9,230 Cr.
OPM4.25 %
Mar Cap₹ 16,672 Cr.

ABOUT

Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.[1][2]

KEY POINTS

OverviewIncorporated in 1976, Ircon was awarded Mini Ratna Category-I status in 1998 and was elevated to ‘Navratna’status by the Department of Public Enterprises, Ministry of Finance, in October 2023. In FY24, the Government of India divested 8% stake in the company via an Offer for Sale, reducing its shareholding to 65% as of September 2024[1][2][3]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionOrder Book PositionOrder Book PositionLarge Order ReceiptsLarge Order ReceiptsJv Partnerships AcquisitionsJv Partnerships AcquisitionsCredit Rating UpdatesCredit Rating UpdatesRed Flags And Poor PerformanceRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4140.6035.43569573.020.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.624.981.32
2.Rail Vikas358.3065.8074706.270.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.826.400.52
3.NBCC118.5447.9332005.800.57156.6925.712910.2018.9933.1712751.715.04667.83153.5211.984.680.00
4.IRB Infra.Devl.41.8928.9025297.370.72140.8241.001751.0210.427.828024.6748.08875.41140.821.242.011.02
5.Kalpataru Proj.1194.5024.8520398.780.75237.3991.276528.5732.4315.9525498.998.25821.04240.052.932.360.69
6.KEC International727.8028.3619374.040.76160.7588.216091.5619.1317.9823335.947.26683.11160.753.432.750.94
7.Ircon Intl.177.2624.0216671.581.49184.67-8.681851.53-19.4614.709229.524.25694.10184.672.584.890.00
–Median: 116 Co.130.218.88536.580.09.2123.05149.5710.7318.3510.6712.7931.749.162.266.930.43

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
2,2372,7922,4702,6262,1801,6643,6703,6493,2432,1172,8842,2991,852
Expenses
2,1102,6182,3822,4552,0321,5623,4713,4023,1051,9642,7112,1941,788
Operating Profit
1271748817114810319924713815317310563
Other Income
9384100689710710414813183139156176
Profit before tax
213246177228234195284383258226299249226
Tax %
-7%25%20%29%25%23%13%25%15%21%23%19%18%
Net Profit
227185141162177151248286218178230202185
EPS in Rs
2.421.971.501.721.881.602.643.042.321.892.452.151.96

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4,0572,8642,4193,0243,8914,4155,2024,9486,9109,92111,95010,1939,230
Expenses
2,9852,2552,0892,7183,5134,0364,7254,5876,5339,33811,1759,7068,838
Operating Profit
1,072609329306377379477361377584776488392
Other Income
249254344304231263239252271340437484514
Interest
38943616516271510321158
Depreciation
34102818131216252738363843
Profit before tax
1,2498446025325306156735746108831,156918856
Net Profit
906579395369388445490405544777863738694
EPS in Rs
45.7829.2619.953.734.124.735.214.305.798.269.177.847.38
Dividend Payout %
20%31%43%100%49%46%46%35%43%36%34%34%–

Compounded Profit Growth

10 Years:2%
5 Years:8%
3 Years:9%
TTM:-18%

Compounded Sales Growth

10 Years:14%
5 Years:14%
3 Years:14%
TTM:-15%

Return on Equity

10 Years:12%
5 Years:13%
3 Years:14%
Last Year:12%

Stock Price CAGR

10 Years:%
5 Years:31%
3 Years:45%
1 Year:-15%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
2020209994949494188188188188188
Reserves
2,9733,3343,6473,7293,6573,8554,0674,3124,4334,9905,5846,0496,270
Borrowings
-0-0-0-03,2003,0772,461-001334
Other Liabilities
3,1653,3954,4705,3405,7495,9436,0226,2588,1068,4978,3098,2607,939
Total Liabilities
6,1586,7498,1379,16812,70112,96912,64410,66412,72713,67614,08414,50114,401
Fixed Assets
153157146446493607765771748744744766788
Gross Block
492.59496.39565.34828.25555.38680.52852.87869.53874.60910.77943.841,004.36–
Accumulated Depreciation
339.49339.12418.84382.6262.3073.8287.6498.84126.26166.72200.07238.61–
CWIP
1763-0148101010373423
Investments
4947371,0211,2231,2011,3141,4691,5061,7642,1382,8392,8553,601
Other Assets
5,4945,8486,9667,49911,00611,00010,4008,37810,20510,79210,49410,8479,990
Total Assets
6,1586,7498,1379,16812,70112,96912,64410,66412,72713,67614,08414,50114,401

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
645031,4021,021-2,613-1,2431,0128051,348-120285-442
Cash from Investing Activity
127-64885-1,8617685-165-713-1301,313-340870
Cash from Financing Activity
-233-191-219-2222,737-93-953-158-334-231-284-280
Net Cash Flow
-42-3361,268-1,062131-650-106-67884962-340149

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
7073105516342393737322959
Inventory Days
––15313715254732074286––50
Days Payable
––4413575539055764661,063––674
Cash Conversion Cycle
7073-183-169-339-316-217-354-7393229-565
Working Capital Days
-67-153-223-182-177-106-115-151-159-55-35-22
ROCE %
49%27%18%14%11%9%10%11%14%18%21%15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
73.18%73.18%73.18%73.18%65.17%65.17%65.17%65.17%65.17%65.17%65.17%65.17%
FIIs
2.71%3.99%5.17%4.01%4.11%4.58%4.17%3.94%4.09%4.11%4.58%4.61%
DIIs
1.82%1.87%0.80%0.36%0.93%1.31%2.90%1.63%1.44%1.57%1.60%1.64%
Public
22.28%20.71%20.59%22.17%29.51%28.66%27.51%28.99%29.03%28.88%28.37%28.29%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Ircon International Limited Announces Special Window for Physical Securities Transfer and Dematerialization

16th April 2026, 7:43 pm

Ircon International Reports No Physical Share Certificates Received for Dematerialisation

6th April 2026, 7:52 pm

IRCON International Limited's Credit Rating Reaffirmed at IVR AAA/ Stable for ₹9,550 Crore Facilities

25th March 2026, 12:27 am

Ircon International to close trading window from April 1, 2026, for Q4/FY26 results.

24th March 2026, 6:20 pm

Supreme Court Stays Patna HC Order on IRCON's ₹78.64 Crore VAT Demand

17th March 2026, 10:50 pm

Published by Other Websites

External media mentions & references

₹1.53 Lakh Cr Indian Railways Budget Fuels Stock Rally

15th April 2026, 6:37 am

₹1.53 Lakh Crore Railway Investment Fuels PSU Surge, Lifts Steel & Cement

13th April 2026, 12:52 pm

Midcaps Surge 3% on Geopolitical De-escalation Hopes

1st April 2026, 10:25 am

RVNL, Ircon Surge on Merger Buzz; Analyst Eyes Dips

25th March 2026, 11:10 am

Govt Merges Railway PSUs RVNL, Ircon to Forge Infrastructure Giant

25th March 2026, 3:37 am

News Articles

Editorial & research coverage

Corporate Action Surge: 50+ Firms Eye Shareholder Payouts Amid Market Wobble
Corporate Action Surge: 50+ Firms Eye Shareholder Payouts Amid Market Wobble

13th February 2026, 1:31 pm

Post-Budget Sell-off: Defense, Railways Shine; Financials Face Pressure
Post-Budget Sell-off: Defense, Railways Shine; Financials Face Pressure

2nd February 2026, 1:00 pm

Budget 2026: Railway Stocks Split on Infra Push
Budget 2026: Railway Stocks Split on Infra Push

1st February 2026, 12:31 pm

Budget Day Sparks India Market Focus Amidst Sector Bets
Budget Day Sparks India Market Focus Amidst Sector Bets

1st February 2026, 6:53 am

Midday Market Mayhem: Stocks Surge & Plunge on Orders, Fraud Alerts, and Commodity Waves!
Midday Market Mayhem: Stocks Surge & Plunge on Orders, Fraud Alerts, and Commodity Waves!

29th December 2025, 1:20 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Change in Directorate

2 Jan - Shri Sudhir Singh appointed Director (Projects) of IRCON, additional charge effective 2 Jan 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication

1 Jan - Public notice to the shareholders regarding Opening of Special Window for re-lodgement of transfer requests of physical shares of IRCON

Entrustment Of Additional Charge Of The Post Of Director (Projects), IRCON To Shri Sudhir Singh.

31 Dec - Shri Sudhir Singh given additional charge as Director (Projects), IRCON effective on/after 1 Jan 2026 until further orders.

Announcement under Regulation 30 (LODR)-Change in Management

31 Dec - Shri Anand Kumar Singh ceased as Director (Projects) of IRCON on superannuation effective 31 December 2025.

Closure of Trading Window

29 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3/9M results for period ending Dec 31, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

25 Nov 2025 from infomerics

Rating update

11 Mar 2025 from care

Rating update

22 Nov 2024 from infomerics

Rating update

12 Dec 2023 from care

Rating update

4 Oct 2022 from care

Rating update

6 Oct 2021 from care

Concalls

Nov 2025

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Stock Analysis

Description

  1. Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.

Corporate Announcements

16th Apr 26
Impact Rating: -
No description available.
6th Apr 26
Impact Rating: 4
As per SEBI regulations, Ircon International Limited disclosed that its registrar, Alankit Assignments Limited, confirmed during the quarter ended March 31, 2026, no valid physical share certificates were received for dematerialisation.
24th Mar 26
Impact Rating: 8
IRCON International Limited has been informed that Infomerics Valuation and Rating Limited has reaffirmed its credit rating as IVR AAA/ Stable for the company's total bank facilities, which amount to ₹9,550.00 crore.
24th Mar 26
Impact Rating: 7
Ircon International Limited will close its trading window from April 1, 2026, in line with SEBI regulations. The window will reopen 48 hours after the company announces its financial results for the quarter and year ending March 31, 2026.
17th Mar 26
Impact Rating: 8
IRCON International Limited receives relief as the Supreme Court stays a ₹78.64 crore VAT demand previously upheld by the Patna High Court, related to the Ganga Bridge Project. The stay is effective pending the disposal of Special Leave Petitions.