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 ₹ 5,516 Cr.
- Current Price ₹ 58.6
- High / Low ₹ 66.8 / 34.8
- Stock P/E 7.95
- Book Value ₹ 52.5
- Dividend Yield 4.29 %
- ROCE 14.0 %
- ROE 13.0 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.11 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 33.2%
Cons
- Tax rate seems low
- Company has a low return on equity of 11.2% over last 3 years.
- Earnings include an other income of Rs.315 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,147 | 3,552 | 4,294 | 3,897 | 3,038 | 2,493 | 3,067 | 4,024 | 4,798 | 5,391 | 5,350 | 7,380 | 8,955 | |
2,782 | 3,079 | 3,399 | 2,981 | 2,351 | 2,228 | 2,740 | 3,576 | 4,320 | 4,787 | 4,845 | 6,793 | 8,258 | |
Operating Profit | 365 | 473 | 895 | 917 | 687 | 264 | 328 | 448 | 479 | 604 | 505 | 587 | 698 |
OPM % | 12% | 13% | 21% | 24% | 23% | 11% | 11% | 11% | 10% | 11% | 9% | 8% | 8% |
78 | 188 | 249 | 253 | 264 | 421 | 313 | 189 | 212 | 178 | 188 | 266 | 315 | |
Interest | 8 | 7 | 11 | 39 | 33 | 43 | 59 | 65 | 15 | 28 | 23 | 69 | 102 |
Depreciation | 37 | 57 | 43 | 34 | 57 | 31 | 27 | 16 | 52 | 83 | 92 | 95 | 97 |
Profit before tax | 398 | 598 | 1,090 | 1,097 | 861 | 612 | 556 | 555 | 624 | 672 | 578 | 689 | 813 |
Tax % | 40% | 22% | 26% | 32% | 32% | 36% | 31% | 26% | 28% | 28% | 32% | 14% | |
Net Profit | 237 | 465 | 805 | 747 | 583 | 393 | 384 | 409 | 450 | 485 | 391 | 592 | 696 |
EPS in Rs | 23.97 | 46.97 | 40.65 | 37.73 | 29.40 | 19.85 | 3.88 | 4.35 | 4.79 | 5.16 | 4.16 | 6.30 | 7.40 |
Dividend Payout % | 21% | 20% | 18% | 24% | 31% | 43% | 96% | 47% | 45% | 46% | 36% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 19% |
3 Years: | 15% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 12% |
3 Years: | 10% |
TTM: | 43% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 9% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 10 | 20 | 20 | 20 | 20 | 99 | 94 | 94 | 94 | 94 | 188 | 188 | |
Reserves | 1,369 | 1,725 | 2,462 | 2,996 | 3,285 | 3,619 | 3,718 | 3,667 | 3,870 | 4,077 | 4,309 | 4,478 | 4,746 |
-0 | -0 | -0 | -0 | 239 | -0 | -0 | 3,200 | 3,077 | -0 | 331 | 1,399 | 1,430 | |
3,597 | 3,571 | 3,757 | 3,197 | 3,893 | 4,500 | 5,415 | 5,810 | 6,278 | 6,009 | 6,520 | 8,382 | 8,783 | |
Total Liabilities | 4,976 | 5,306 | 6,239 | 6,213 | 7,437 | 8,139 | 9,231 | 12,771 | 13,318 | 10,181 | 11,254 | 14,446 | 15,147 |
242 | 193 | 178 | 216 | 736 | 506 | 524 | 568 | 1,890 | 1,982 | 1,922 | 1,845 | 1,853 | |
CWIP | 29 | 59 | 70 | 48 | 30 | 75 | 549 | 964 | 55 | 30 | 13 | 36 | 6 |
Investments | 180 | 203 | 245 | 434 | 496 | 487 | 781 | 784 | 809 | 803 | 850 | 971 | 1,101 |
4,525 | 4,850 | 5,746 | 5,515 | 6,174 | 7,070 | 7,378 | 10,455 | 10,565 | 7,366 | 8,468 | 11,594 | 12,187 | |
Total Assets | 4,976 | 5,306 | 6,239 | 6,213 | 7,437 | 8,139 | 9,231 | 12,771 | 13,318 | 10,181 | 11,254 | 14,446 | 15,147 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
816 | 603 | 559 | -160 | 502 | 1,441 | 919 | -2,617 | -1,185 | -136 | 518 | 1,405 | |
-69 | 55 | 86 | 14 | -521 | 47 | -1,834 | -20 | 616 | 447 | -785 | -1,241 | |
-54 | -62 | -132 | -233 | -222 | -219 | -222 | 2,737 | -93 | -275 | 169 | 679 | |
Net Cash Flow | 694 | 595 | 513 | -379 | -242 | 1,269 | -1,137 | 100 | -662 | 36 | -99 | 844 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 101 | 86 | 79 | 61 | 72 | 75 | 56 | 61 | 51 | 37 | 43 | 34 |
Inventory Days | 111 | 173 | 150 | 157 | 152 | 320 | 76 | |||||
Days Payable | 570 | 822 | 428 | 406 | 550 | 588 | 477 | |||||
Cash Conversion Cycle | 101 | 86 | -380 | -588 | 72 | -203 | -193 | -337 | 51 | -231 | -358 | 34 |
Working Capital Days | -74 | -121 | -104 | -81 | -147 | -215 | -175 | -162 | -101 | -85 | -118 | -145 |
ROCE % | 31% | 39% | 52% | 41% | 27% | 18% | 14% | 11% | 9% | 12% | 13% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Cessation
22h - Consequent upon attaining the age of superannuation, Shri Ram Prakash (DIN-09746225) has been superannuated from the post of Additional Member (RE) and Additional Member (Planning) …
- Intimation Of Record Date For The Purpose Of Interim Dividend For The Financial Year 2022-23. 2d
- Corporate Action-Board to consider Dividend 2d
- Board Meeting Intimation for Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended On 31St December, 2022 And Declaration Of Interim Dividend, If Any, For The Financial Year 2022-23. 2d
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Announcement under Regulation 30 (LODR)-Change in Directorate
12 Jan - Shri Sandeep Jain (DIN 09435375), IRSE, ED/ Plg. (Civil & PSU), Railway Board, has been entrusted with the additional charge of Director (Projects), IRCON in …
Annual reports
Concalls
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Nov 2022Transcript PPT
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Nov 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]