Ircon International Ltd
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]
- Market Cap ₹ 20,658 Cr.
- Current Price ₹ 220
- High / Low ₹ 281 / 53.8
- Stock P/E 25.0
- Book Value ₹ 58.1
- Dividend Yield 1.37 %
- ROCE 18.0 %
- ROE 15.8 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 38.1%
Cons
- Promoter holding has decreased over last quarter: -8.01%
- Company has a low return on equity of 12.5% over last 3 years.
- Earnings include an other income of Rs.394 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,578 | 4,221 | 4,057 | 2,864 | 2,419 | 3,024 | 3,891 | 4,415 | 5,202 | 4,956 | 6,910 | 9,921 | 11,971 | |
3,116 | 3,401 | 2,985 | 2,255 | 2,089 | 2,718 | 3,513 | 4,036 | 4,725 | 4,587 | 6,540 | 9,338 | 11,255 | |
Operating Profit | 462 | 820 | 1,072 | 609 | 329 | 306 | 377 | 379 | 477 | 369 | 370 | 584 | 717 |
OPM % | 13% | 19% | 26% | 21% | 14% | 10% | 10% | 9% | 9% | 7% | 5% | 6% | 6% |
204 | 250 | 249 | 254 | 344 | 304 | 231 | 263 | 239 | 244 | 271 | 340 | 394 | |
Interest | 7 | 11 | 38 | 9 | 43 | 61 | 65 | 16 | 27 | 15 | 4 | 3 | 9 |
Depreciation | 57 | 44 | 34 | 10 | 28 | 18 | 13 | 12 | 16 | 25 | 27 | 38 | 44 |
Profit before tax | 602 | 1,015 | 1,249 | 844 | 602 | 532 | 530 | 615 | 673 | 574 | 610 | 883 | 1,057 |
Tax % | 22% | 28% | 27% | 31% | 34% | 31% | 27% | 28% | 27% | 30% | 11% | 12% | |
470 | 730 | 906 | 579 | 395 | 369 | 388 | 445 | 490 | 405 | 544 | 777 | 825 | |
EPS in Rs | 47.47 | 36.87 | 45.78 | 29.26 | 19.95 | 3.73 | 4.12 | 4.73 | 5.21 | 4.30 | 5.79 | 8.26 | 8.78 |
Dividend Payout % | 20% | 20% | 20% | 31% | 43% | 100% | 49% | 46% | 46% | 35% | 43% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 21% |
3 Years: | 24% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | 15% |
3 Years: | 18% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 40% |
3 Years: | 71% |
1 Year: | 311% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 20 | 20 | 20 | 20 | 99 | 94 | 94 | 94 | 94 | 188 | 188 | 188 |
Reserves | 1,733 | 2,281 | 2,973 | 3,334 | 3,647 | 3,729 | 3,657 | 3,855 | 4,067 | 4,312 | 4,433 | 4,990 | 5,277 |
0 | 0 | 0 | 0 | 0 | 0 | 3,200 | 3,077 | 0 | 0 | 0 | 1 | 3 | |
3,786 | 3,910 | 3,165 | 3,395 | 4,470 | 5,340 | 5,749 | 5,943 | 5,785 | 6,258 | 8,106 | 8,497 | 8,730 | |
Total Liabilities | 5,529 | 6,211 | 6,158 | 6,749 | 8,137 | 9,168 | 12,701 | 12,969 | 9,946 | 10,664 | 12,727 | 13,676 | 14,199 |
193 | 178 | 153 | 157 | 146 | 446 | 493 | 607 | 765 | 771 | 748 | 744 | 744 | |
CWIP | 3 | 2 | 17 | 6 | 3 | 0 | 1 | 48 | 10 | 10 | 10 | 3 | 4 |
Investments | 208 | 295 | 494 | 737 | 1,021 | 1,223 | 1,201 | 1,314 | 1,469 | 1,506 | 1,764 | 2,138 | 2,500 |
5,124 | 5,736 | 5,494 | 5,848 | 6,966 | 7,499 | 11,006 | 11,000 | 7,702 | 8,378 | 10,205 | 10,792 | 10,951 | |
Total Assets | 5,529 | 6,211 | 6,158 | 6,749 | 8,137 | 9,168 | 12,701 | 12,969 | 9,946 | 10,664 | 12,727 | 13,676 | 14,199 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
571 | 569 | 64 | 503 | 1,402 | 1,021 | -2,613 | -1,243 | 342 | 805 | 1,351 | -120 | |
85 | 46 | 127 | -648 | 85 | -1,861 | 7 | 685 | -138 | -713 | -130 | 1,313 | |
-62 | -132 | -233 | -191 | -219 | -222 | 2,737 | -93 | -275 | -158 | -337 | -231 | |
Net Cash Flow | 593 | 483 | -42 | -336 | 1,268 | -1,062 | 131 | -650 | -71 | -67 | 884 | 962 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 86 | 95 | 70 | 73 | 105 | 51 | 63 | 42 | 39 | 37 | 37 | 32 |
Inventory Days | 153 | 137 | 152 | 547 | 320 | 74 | 286 | |||||
Days Payable | 441 | 357 | 553 | 905 | 576 | 466 | 1,063 | |||||
Cash Conversion Cycle | 86 | 95 | 70 | 73 | -183 | -169 | -339 | -316 | -217 | -354 | -739 | 32 |
Working Capital Days | -97 | -103 | -67 | -153 | -223 | -182 | -177 | -106 | -114 | -150 | -136 | -55 |
ROCE % | 38% | 51% | 49% | 27% | 18% | 14% | 11% | 9% | 12% | 14% | 14% | 18% |
Documents
Announcements
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16 Mar - Ircon International Limited is awarded with a Letter of Award for the Project floated by National Highways & Infrastructure Development Corporation Limited.
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Announcement under Regulation 30 (LODR)-Change in Management
8 Mar - Shri Prnav Kumar, Chief General Manager Work-II, IRCON has been repatriated to Parent Organisation i.e. Ministry of Railways on completion of his deputation tenure.
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Announcement under Regulation 30 (LODR)-Change in Management
27 Feb - Shri Debajyoti Kumar and Shri Vinod Kumar Gupta has been appointed as Executive Directors of the Company w.e.f. 23-02-2024 (A/N).
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Announcement under Regulation 30 (LODR)-Change in Management
26 Feb - Upon recommendation of the Nomination and Remuneration Committee, the Board of the Company has approved the appointment of Shri H.D. Doddaiah as Project Director/ Vadodara-Mumbai …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020TranscriptNotesPPT
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Sep 2020Transcript PPT
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Jul 2020Transcript PPT
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Feb 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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Jun 2019Transcript PPT
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Feb 2019TranscriptPPT
Brand Reputation
It is the only Indian PSU & one among five Indian companies to make it to the list of top 250 international contractors. [1]
It is a sectoral leader in transportation infrastructure amongst the public sector construction companies in India with a specialization in the execution of Railway Projects on a turnkey basis. [2]