1. Ircon International
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100% Buy

Ircon International Share Price

IRCON

₹228.00-₹2.05 (-0.89%) Past Year
₹226.90₹231.10
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Company overview

About

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Market cap

Market Cap Switch₹21,021 Cr

Open

₹230.95

Close

₹230.05

Circuit range

₹276.05 - ₹184.05

Day range

₹226.90 - ₹231.10

Year range

₹56.95 - ₹280.85

Volume

40,79,825

Avg. traded

₹228.68

Revenue (12m)

₹12,369 Cr

Ircon International

Ircon International Limited (IRCON) is a leading engineering and construction company. The public sector undertaking of the Railway Ministry specialises in building transport infrastructure. The New Delhi-headquartered company has emerged as a leading turnkey construction entity.

The company is primarily involved in building transport infrastructure like railway electrification, signal and telecommunication, construction of highways, roads, airports, mass rapid transport system and airport runways. The company also leases locomotive and builds industrial, commercial and residential complexes for public sector entities.

Ircon operates in several Indian states and 22 other countries across Asia, Europe and Africa.

Incorporated on April 28, 1976, the company was originally christened Indian Railway Construction Company Limited. It was established to utilise the experience of the Indian Railways in helping developing nations set up and run their own railways. The company also offered its services to execute railway projects for the private sector.

Subsequently, its name was changed to Ircon International Limited in October 1995.

The company was listed in the bourses on September 28, 2018, after the Indian government disinvested 10.53% of its stake through an Initial Public Offer (IPO).

In March 2021, the Government of India sold off 16% of its stake in the company. The government again divested 8% of its shareholding through an offer for sale in December 2023. As of December 31, 2023, the government shareholding in the company stood at 34.83%.

The market capitalisation of Ircon International Ltd stood at over 19,400 crore as of January 15, 2024. Ircon share price has surged over 353% in the last three years.

Ircon International Ltd business operations

Ircon has completed over 300 projects in India and 100 plus projects abroad.

It has taken up various infrastructure projects in Algeria, Angola, Bangladesh, Indonesia, Iran, Iraq, Israel, Italy, Jordan, Lebanon, Malaysia, Nepal, Nigeria, Saudi Arabia, Syria, Turkey and the United Kingdom. The company’s business footprint has also reached Mozambique, Ethiopia, Tanzania, Zambia and Sri Lanka.

As of March 31, 2023 (FY23), Ircon had an order book of ₹35,195 crore. This included domestic projects worth ₹31,887 crore and foreign projects valued at ₹3,308 crore. The portfolio comprises 50 projects, including five international projects in Algeria, Bangladesh, Algeria, Myanmar, Nepal and Sri Lanka.

The projects secured during FY23 included procurement of design, installation, testing, commissioning and certifying of signalling and telecommunication systems from Maho to Anuradhapura in Sri Lanka. The orders also included another project for development of industrial estates in Jammu and Kashmir.

The company runs its domestic operations through a network of 65 project offices including four regional offices. It has six overseas project offices in Sri Lanka, Bangladesh, Malaysia, Algeria and Myanmar.

Financial highlights

The company’s consolidated revenue from operations shot up by over 40% to ₹10,367.93 crore in FY23, as against ₹7,379.67 in FY22. Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased to ₹924 crore in FY23 from ₹648 crore in FY22. The company’s consolidated net profit for FY23 jumped to ₹765.23 crore, up by 29.22% from ₹592.27 crore in FY22.
The company made a total capital expenditure of ₹380 crore in FY23. Its earnings per share (EPS) increased to ₹8.14 in FY23 as against ₹6.30 in FY22.

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Ircon International Key indicators

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52 week high

₹280.85

52 week low

₹56.95

P/E ratio

23.03

P/B ratio

3.76

ROE

15.85%

ROCE

21.89%

Dividend yield

1.32%

Debt/Equity ratio

EPS

8.26

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 2 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

11.19%

Net profit margin

7.83%

ROE

15.85%

ROA

5.93%

ROCE

21.89%

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Ircon International Shareholder returns

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1 day

-1.08%

1 week

-0.90%

1 month

+2.88%

3 months

+26.82%

1 year

+292.58%

3 years

+410.88%

5 years

+477.29%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Ircon International Share Price history

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DayOpenCloseDay’s change
Tue, Apr 9 2024
₹233.80
₹230.05
-1.63%
Mon, Apr 8 2024
₹237.70
₹232.55
-2.21%
Fri, Apr 5 2024
₹230.95
₹235.45
+1.91%
Thu, Apr 4 2024
₹233.90
₹230.85
-1.32%
Wed, Apr 3 2024
₹231.90
₹232.45
+0.24%
Tue, Apr 2 2024
₹227.35
₹232.15
+2.07%
Mon, Apr 1 2024
₹221.70
₹227.20
+2.42%
Thu, Mar 28 2024
₹224.45
₹219.65
-2.19%

Shareholding info

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Promoters (65.17%)

Mutual Funds (0.48%)

Retail and other (29.52%)

Foreign institutions-FII (4.11%)

Other domestic institutions (0.72%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.8/share

    Ex date 16 Feb 2024

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  • Dividend • ₹1.2/share

    Ex date 05 Sep 2023

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  • Dividend • ₹1.8/share

    Ex date 17 Feb 2023

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  • Dividend • ₹0.65/share

    Ex date 08 Sep 2022

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  • Dividend • ₹0.7/share

    Ex date 21 Feb 2022

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  • Dividend • ₹0.7/share

    Ex date 22 Nov 2021

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Frequently asked questions