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 ₹ 7,506 Cr.
- Current Price ₹ 80.0
- High / Low ₹ 89.5 / 34.8
- Stock P/E 9.81
- Book Value ₹ 55.4
- Dividend Yield 3.13 %
- ROCE 15.8 %
- ROE 15.5 %
- Face Value ₹ 2.00
Pros
- Stock is providing a good dividend yield of 3.13%.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 30.1%
Cons
- Tax rate seems low
- Company has a low return on equity of 12.7% over last 3 years.
- Earnings include an other income of Rs.413 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,552 | 4,294 | 3,897 | 3,038 | 2,493 | 3,067 | 4,024 | 4,798 | 5,391 | 5,350 | 7,380 | 10,368 | |
3,079 | 3,399 | 2,981 | 2,351 | 2,228 | 2,740 | 3,576 | 4,320 | 4,787 | 4,845 | 6,793 | 9,665 | |
Operating Profit | 473 | 895 | 917 | 687 | 264 | 328 | 448 | 479 | 604 | 505 | 587 | 703 |
OPM % | 13% | 21% | 24% | 23% | 11% | 11% | 11% | 10% | 11% | 9% | 8% | 7% |
188 | 249 | 253 | 264 | 421 | 313 | 189 | 212 | 178 | 188 | 266 | 413 | |
Interest | 7 | 11 | 39 | 33 | 43 | 59 | 65 | 15 | 28 | 23 | 69 | 118 |
Depreciation | 57 | 43 | 34 | 57 | 31 | 27 | 16 | 52 | 83 | 92 | 95 | 107 |
Profit before tax | 598 | 1,090 | 1,097 | 861 | 612 | 556 | 555 | 624 | 672 | 578 | 689 | 891 |
Tax % | 22% | 26% | 32% | 32% | 36% | 31% | 26% | 28% | 28% | 32% | 14% | 14% |
Net Profit | 465 | 805 | 747 | 583 | 393 | 384 | 409 | 450 | 485 | 391 | 592 | 765 |
EPS in Rs | 46.97 | 40.65 | 37.73 | 29.40 | 19.85 | 3.88 | 4.35 | 4.79 | 5.16 | 4.16 | 6.30 | 8.14 |
Dividend Payout % | 20% | 18% | 24% | 31% | 43% | 96% | 47% | 45% | 46% | 36% | 17% | 37% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 21% |
3 Years: | 24% |
TTM: | 40% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | 14% |
3 Years: | 18% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
1 Year: | 100% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 20 | 20 | 20 | 20 | 99 | 94 | 94 | 94 | 94 | 188 | 188 | |
Reserves | 1,725 | 2,462 | 2,996 | 3,285 | 3,619 | 3,718 | 3,667 | 3,870 | 4,077 | 4,309 | 4,478 | 5,023 |
0 | 0 | 0 | 239 | 0 | 0 | 3,200 | 3,077 | 0 | 331 | 1,399 | 1,505 | |
3,571 | 3,757 | 3,197 | 3,893 | 4,500 | 5,415 | 5,810 | 6,278 | 6,009 | 6,520 | 8,382 | 8,821 | |
Total Liabilities | 5,306 | 6,239 | 6,213 | 7,437 | 8,139 | 9,231 | 12,771 | 13,318 | 10,181 | 11,254 | 14,446 | 15,537 |
193 | 178 | 216 | 736 | 506 | 524 | 568 | 1,890 | 1,982 | 1,922 | 1,845 | 1,836 | |
CWIP | 59 | 70 | 48 | 30 | 75 | 549 | 964 | 55 | 30 | 13 | 36 | 8 |
Investments | 203 | 245 | 434 | 496 | 487 | 781 | 784 | 809 | 803 | 850 | 971 | 1,049 |
4,850 | 5,746 | 5,515 | 6,174 | 7,070 | 7,378 | 10,455 | 10,565 | 7,366 | 8,468 | 11,594 | 12,644 | |
Total Assets | 5,306 | 6,239 | 6,213 | 7,437 | 8,139 | 9,231 | 12,771 | 13,318 | 10,181 | 11,254 | 14,446 | 15,537 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
603 | 559 | -160 | 502 | 1,441 | 919 | -2,617 | -1,185 | -136 | 518 | 1,405 | -168 | |
55 | 86 | 14 | -521 | 47 | -1,834 | -20 | 616 | 447 | -785 | -1,241 | 1,468 | |
-62 | -132 | -233 | -222 | -219 | -222 | 2,737 | -93 | -275 | 169 | 679 | -223 | |
Net Cash Flow | 595 | 513 | -379 | -242 | 1,269 | -1,137 | 100 | -662 | 36 | -99 | 844 | 1,077 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 79 | 61 | 72 | 75 | 56 | 61 | 51 | 37 | 43 | 34 | 30 |
Inventory Days | 111 | 173 | 150 | 157 | 152 | 320 | 76 | |||||
Days Payable | 570 | 822 | 428 | 406 | 550 | 588 | 477 | |||||
Cash Conversion Cycle | 86 | -380 | -588 | 72 | -203 | -193 | -337 | 51 | -231 | -358 | 34 | 30 |
Working Capital Days | -121 | -104 | -81 | -147 | -215 | -175 | -162 | -101 | -85 | -118 | -145 | -39 |
ROCE % | 39% | 52% | 41% | 27% | 18% | 14% | 11% | 9% | 12% | 13% | 14% | 16% |
Documents
Announcements
- Release Of Corporate Guarantee Furnished By The Company In Favour Of Bank Of Baroda. 26 May
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 25 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 May - Copy of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2023, as approved by the Board at its meeting …
- Disclosure Of Related Party Transactions 24 May
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Re-Appointment Of Cost Auditor For The FY 2023-24
24 May - Company at its meeting held on 24th May, 2023 has approved the reappointment of M/s R.M. Bansal & Co., Cost Accountants as Cost Auditors of …
Annual reports
Concalls
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May 2023TranscriptNotesPPT
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Nov 2020Transcript PPT
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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]