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 ₹ 19,029 Cr.
- Current Price ₹ 202
- High / Low ₹ 352 / 136
- Stock P/E 19.7
- Book Value ₹ 62.4
- Dividend Yield 1.53 %
- ROCE 18.2 %
- ROE 16.4 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 36.0%
Cons
- Earnings include an other income of Rs.555 Cr.
- 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
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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,294 | 3,897 | 3,038 | 2,493 | 3,067 | 4,024 | 4,798 | 5,391 | 5,350 | 7,380 | 10,368 | 12,331 | 11,945 | |
3,399 | 2,981 | 2,351 | 2,228 | 2,740 | 3,576 | 4,320 | 4,787 | 4,845 | 6,795 | 9,664 | 11,406 | 10,949 | |
Operating Profit | 895 | 917 | 687 | 264 | 328 | 448 | 479 | 604 | 505 | 585 | 704 | 925 | 996 |
OPM % | 21% | 24% | 23% | 11% | 11% | 11% | 10% | 11% | 9% | 8% | 7% | 8% | 8% |
249 | 253 | 264 | 421 | 313 | 189 | 212 | 178 | 188 | 261 | 413 | 586 | 555 | |
Interest | 11 | 39 | 33 | 43 | 59 | 65 | 15 | 28 | 23 | 62 | 119 | 149 | 163 |
Depreciation | 43 | 34 | 57 | 31 | 27 | 16 | 52 | 83 | 92 | 95 | 107 | 100 | 109 |
Profit before tax | 1,090 | 1,097 | 861 | 612 | 556 | 555 | 624 | 672 | 578 | 689 | 891 | 1,261 | 1,280 |
Tax % | 26% | 32% | 32% | 36% | 31% | 26% | 28% | 28% | 32% | 14% | 14% | 26% | |
805 | 747 | 583 | 393 | 384 | 409 | 450 | 485 | 391 | 592 | 765 | 930 | 966 | |
EPS in Rs | 40.65 | 37.73 | 29.40 | 19.85 | 3.88 | 4.35 | 4.79 | 5.16 | 4.16 | 6.30 | 8.14 | 9.88 | 10.27 |
Dividend Payout % | 18% | 24% | 31% | 43% | 96% | 47% | 45% | 46% | 36% | 40% | 37% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 21% |
3 Years: | 32% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 16% |
3 Years: | 33% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 60% |
1 Year: | 44% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 20 | 99 | 94 | 94 | 94 | 94 | 188 | 188 | 188 |
Reserves | 2,462 | 2,996 | 3,285 | 3,619 | 3,718 | 3,667 | 3,870 | 4,077 | 4,309 | 4,478 | 5,023 | 5,683 |
0 | 0 | 239 | 0 | 0 | 3,200 | 3,077 | 0 | 331 | 1,399 | 1,505 | 2,570 | |
3,757 | 3,197 | 3,893 | 4,500 | 5,415 | 5,810 | 6,278 | 6,009 | 6,520 | 8,382 | 8,821 | 9,004 | |
Total Liabilities | 6,239 | 6,213 | 7,437 | 8,139 | 9,231 | 12,771 | 13,318 | 10,181 | 11,254 | 14,446 | 15,537 | 17,445 |
178 | 216 | 736 | 506 | 524 | 568 | 1,890 | 1,982 | 1,922 | 1,845 | 1,825 | 1,736 | |
CWIP | 70 | 48 | 30 | 75 | 549 | 964 | 55 | 30 | 13 | 36 | 19 | 549 |
Investments | 245 | 434 | 496 | 487 | 781 | 784 | 809 | 803 | 850 | 971 | 1,049 | 1,553 |
5,746 | 5,515 | 6,174 | 7,070 | 7,378 | 10,455 | 10,565 | 7,366 | 8,468 | 11,594 | 12,644 | 13,607 | |
Total Assets | 6,239 | 6,213 | 7,437 | 8,139 | 9,231 | 12,771 | 13,318 | 10,181 | 11,254 | 14,446 | 15,537 | 17,445 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
559 | -160 | 502 | 1,441 | 919 | -2,617 | -1,185 | -136 | 518 | 1,414 | -278 | -79 | |
86 | 14 | -521 | 47 | -1,834 | -20 | 616 | 447 | -785 | -1,241 | 1,582 | -720 | |
-132 | -233 | -222 | -219 | -222 | 2,737 | -93 | -275 | 169 | 671 | -223 | 640 | |
Net Cash Flow | 513 | -379 | -242 | 1,269 | -1,137 | 100 | -662 | 36 | -99 | 844 | 1,080 | -158 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 79 | 61 | 72 | 75 | 56 | 61 | 51 | 37 | 43 | 34 | 30 | 24 |
Inventory Days | 111 | 173 | 150 | 157 | 152 | 320 | 76 | |||||
Days Payable | 570 | 822 | 428 | 406 | 550 | 588 | 477 | |||||
Cash Conversion Cycle | -380 | -588 | 72 | -203 | -193 | -337 | 51 | -231 | -358 | 34 | 30 | 24 |
Working Capital Days | -104 | -81 | -147 | -215 | -175 | -162 | -101 | -85 | -118 | -123 | -45 | -17 |
ROCE % | 52% | 41% | 27% | 18% | 14% | 11% | 9% | 12% | 13% | 14% | 16% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
8h - Appointment of Shri Vijay Mukund Bodele as Project Director.
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Intimation Of Setting Aside Of Impugned Order In Respect Of Irconvkel, A Wholly Owned Subsidiary Of IRCON
9h - GST order set aside, no financial implications now.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
16 Oct - Ircon International signed MoU with Patel Engineering.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Oct - Submission of Compliance Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
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Initiation Of Claim By Apex Buildsys Limited
7 Oct - Apex Buildsys Limited initiates claims against IRCON.
Annual reports
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Financial Year 2024
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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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Concalls
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Aug 2024Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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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]