Ircon International Ltd

Ircon Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ircon International Ltd

₹ 186 7.77%
15 Sep 10:19 a.m.
ircon.org BSE: 541956 NSE: IRCON
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

Overview
Incorporated 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]

Website BSE NSE
  • Market Cap ₹ 17,470 Cr.
  • Current Price ₹ 186
  • High / Low ₹ 246 / 134
  • Stock P/E 26.1
  • Book Value ₹ 67.3
  • Dividend Yield 1.47 %
  • ROCE 11.6 %
  • ROE 11.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 34.2%

Cons

  • Earnings include an other income of Rs.455 Cr.
  • Debtor days have increased from 33.0 to 45.1 days.
  • Promoter holding has decreased over last 3 years: -8.01%

* 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

Industrials Construction Construction Civil Construction

Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
2,002 2,239 2,347 3,781 2,764 2,987 2,930 3,787 2,287 2,448 2,613 3,412 1,786
1,842 2,039 2,190 3,598 2,513 2,771 2,671 3,470 2,037 2,247 2,481 3,158 1,586
Operating Profit 160 200 156 183 251 216 259 317 251 201 132 254 200
OPM % 8% 9% 7% 5% 9% 7% 9% 8% 11% 8% 5% 7% 11%
79 81 75 186 64 177 119 107 107 142 86 103 124
Interest 29 31 30 33 33 37 37 41 48 53 56 62 75
Depreciation 24 24 24 36 19 27 27 27 27 28 31 32 37
Profit before tax 186 226 178 301 263 328 314 356 282 262 132 263 212
Tax % 22% 23% -7% 15% 29% 24% 22% 31% 20% 22% 35% 19% 22%
145 174 190 256 187 251 245 247 224 206 86 212 164
EPS in Rs 1.54 1.85 2.02 2.73 1.99 2.67 2.60 2.62 2.38 2.19 0.92 2.24 1.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,897 3,038 2,493 3,067 4,024 4,798 5,391 5,350 7,380 10,368 12,514 10,760 10,259
2,981 2,351 2,228 2,740 3,576 4,320 4,787 4,845 6,795 9,664 11,406 9,912 9,472
Operating Profit 917 687 264 328 448 479 604 505 585 704 1,108 847 787
OPM % 24% 23% 11% 11% 11% 10% 11% 9% 8% 7% 9% 8% 8%
253 264 421 313 189 212 178 188 261 413 403 431 455
Interest 39 33 43 59 65 15 28 23 62 119 149 221 246
Depreciation 34 57 31 27 16 52 83 92 95 107 100 118 128
Profit before tax 1,097 861 612 556 555 624 672 578 689 891 1,261 939 869
Tax % 32% 32% 36% 31% 26% 28% 28% 32% 14% 14% 26% 22%
747 583 393 384 409 450 485 391 592 765 930 728 668
EPS in Rs 37.73 29.40 19.85 3.88 4.35 4.79 5.16 4.16 6.30 8.14 9.88 7.73 7.10
Dividend Payout % 24% 31% 43% 96% 47% 45% 46% 36% 40% 37% 31% 34%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 13%
TTM: -14%
Compounded Profit Growth
10 Years: 2%
5 Years: 8%
3 Years: 5%
TTM: -31%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 62%
1 Year: -30%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20 20 20 99 94 94 94 94 188 188 188 188
Reserves 2,996 3,285 3,619 3,718 3,667 3,870 4,077 4,309 4,478 5,023 5,683 6,138
-0 239 -0 -0 3,200 3,077 -0 331 1,399 1,505 2,570 4,299
3,197 3,893 4,500 5,415 5,810 6,278 6,009 6,520 8,382 8,821 9,011 8,896
Total Liabilities 6,213 7,437 8,139 9,231 12,771 13,318 10,181 11,254 14,446 15,537 17,452 19,521
216 736 506 524 568 1,890 1,982 1,922 1,845 1,825 1,736 2,453
CWIP 48 30 75 549 964 55 30 13 36 19 549 976
Investments 434 496 487 781 784 809 803 850 971 1,049 1,553 1,296
5,515 6,174 7,070 7,378 10,455 10,565 7,366 8,468 11,594 12,644 13,614 14,796
Total Assets 6,213 7,437 8,139 9,231 12,771 13,318 10,181 11,254 14,446 15,537 17,452 19,521

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-160 502 1,441 919 -2,617 -1,185 -136 518 1,414 -278 -79 -1,110
14 -521 47 -1,834 -20 616 447 -785 -1,241 1,582 -720 54
-233 -222 -219 -222 2,737 -93 -275 169 671 -223 640 1,156
Net Cash Flow -379 -242 1,269 -1,137 100 -662 36 -99 844 1,080 -158 100

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 61 72 75 56 61 51 37 43 34 30 23 45
Inventory Days 173 150 157 152 320 76 50
Days Payable 822 428 406 550 588 477 687
Cash Conversion Cycle -588 72 -203 -193 -337 51 -231 -358 34 30 23 -592
Working Capital Days -81 -147 -215 -175 -162 -101 -85 -119 -128 -47 -41 -32
ROCE % 41% 27% 18% 14% 11% 9% 12% 13% 14% 16% 18% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
73.18% 73.18% 73.18% 73.18% 73.18% 65.17% 65.17% 65.17% 65.17% 65.17% 65.17% 65.17%
1.96% 2.71% 3.99% 5.17% 4.01% 4.11% 4.58% 4.17% 3.94% 4.09% 4.11% 4.58%
1.08% 1.82% 1.87% 0.80% 0.36% 0.93% 1.31% 2.90% 1.63% 1.44% 1.57% 1.60%
0.26% 0.00% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.28% 0.28% 0.28%
23.52% 22.28% 20.71% 20.59% 22.17% 29.51% 28.66% 27.51% 28.99% 29.03% 28.88% 28.37%
No. of Shareholders 3,04,4362,89,4862,97,6233,26,0014,70,2755,98,4779,31,49210,22,21312,07,13412,15,38612,46,91712,01,235

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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