Ircon International Limited IRCON NIFTY_SMALLNSEINFRAPSU
Ircon International Limited, together with its subsidiaries, engages in the provision of construction services. It undertakes construction of new railway lines; rehabilitation/conversion of existing lines, station buildings and facilities, and bridges; construction of railway bridges, tunnels, and signaling and telecommunication networks; railway electrification works; wet leasing of locomotives; and setting up of production units for manufacture rolling stock, maintenance depots/workshops, concrete sleepers, and track components on turn-key basis. The company is also involved in the construction of roads and highways; bridges and flyovers; and commercial, institutional, industrial, and residential and multifunctional complexes, as well as airport hangars and runways, airport terminal buildings, station buildings and facilities, hospitals, business centers, and workshops/warehouses; and provision of HVAC, electrification, plumbing, firefighting, and hanger maintenance services. In addition, it engages in the railway, industrial, workshop, and power supply electrification works; renewable solar energy works; and distribution network works, as well as offers turnkey project management services, including design, supply, erection, testing, and commissioning services. Further, it provides turnkey solutions for signaling and communication projects. The company operates in India, Iraq, Iran, Saudi Arabia, the United Kingdom, Jordan, Turkey, Indonesia, Malaysia, Algeria, Bangladesh, Nepal, Afghanistan, Nigeria, Liberia, Syria, Tanzania, Zambia, Brazil, Mozambique, Ethiopia, Sri Lanka, South Africa, Bhutan, and Myanmar. The company was formerly known as Indian Railway Construction Company Limited. Ircon International Limited was incorporated in 1976 and is headquartered in New Delhi, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Revenue declined at -4.3% CAGR over 5 years.
- Earnings shrank at -8.0% CAGR over 5 years.
- Trading 37.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IRCON Ircon International Limited NIFTY_SMALLNSEINFRAPSU | 136.90 | 21.66 | ₹12,875.66 Cr | 1.61% | 7.89% | 9.08% | -4.29% | -8.02% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | 3,412.07 Cr | 1,786.28 Cr | 1,976.75 Cr | 2,119.04 Cr | 3,188.98 Cr |
| Cost of Revenue | - | - | 3,081.56 Cr | 1,504.72 Cr | 1,753.65 Cr | 1,876.46 Cr | 2,832.64 Cr |
| Gross Profit | - | - | 330.51 Cr | 281.56 Cr | 223.10 Cr | 242.58 Cr | 356.34 Cr |
| Operating Expenses | - | - | 101.15 Cr | 118.82 Cr | 121.93 Cr | 126.37 Cr | 133.43 Cr |
| Operating Income | - | - | 229.36 Cr | 162.74 Cr | 101.17 Cr | 116.21 Cr | 222.91 Cr |
| EBITDA | - | - | 357.48 Cr | 323.89 Cr | 297.00 Cr | 269.29 Cr | 389.15 Cr |
| Interest Expense | - | - | 62.30 Cr | 75.21 Cr | 84.54 Cr | 93.02 Cr | 97.34 Cr |
| Pretax Income | - | - | 263.05 Cr | 211.53 Cr | 172.45 Cr | 134.69 Cr | 247.83 Cr |
| Tax Provision | - | - | 51.27 Cr | 47.43 Cr | 35.94 Cr | 34.84 Cr | 56.37 Cr |
| Net Income | - | - | 210.85 Cr | 164.56 Cr | 138.65 Cr | 100.66 Cr | 191.60 Cr |
| Diluted EPS | 2.19 | - | 2.24 | 1.75 | 1.47 | 1.07 | 2.04 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 10,347.28 Cr | 12,301.10 Cr | 10,759.58 Cr | 9,071.05 Cr |
| Cost of Revenue | - | 9,532.72 Cr | 11,197.34 Cr | 9,560.74 Cr | 7,967.47 Cr |
| Gross Profit | - | 814.56 Cr | 1,103.76 Cr | 1,198.84 Cr | 1,103.58 Cr |
| Operating Expenses | - | 217.97 Cr | 68.62 Cr | 471.91 Cr | 500.55 Cr |
| Operating Income | - | 596.59 Cr | 1,035.14 Cr | 726.93 Cr | 603.03 Cr |
| EBITDA | - | 1,297.70 Cr | 1,611.40 Cr | 1,276.03 Cr | 1,279.33 Cr |
| Interest Expense | - | 299.66 Cr | 249.84 Cr | 219.13 Cr | 350.11 Cr |
| Pretax Income | - | 891.00 Cr | 1,261.13 Cr | 939.02 Cr | 766.50 Cr |
| Tax Provision | - | 125.77 Cr | 331.62 Cr | 211.19 Cr | 174.58 Cr |
| Net Income | - | 765.23 Cr | 929.57 Cr | 727.41 Cr | 595.47 Cr |
| Diluted EPS | 6.30 | 8.14 | 9.88 | 7.73 | - |
Compounded Sales Growth
| 5 Years: | -4.29% |
| 1 Year: | -6.50% |
Compounded Profit Growth
| 5 Years: | -8.02% |
| 1 Year: | -8.80% |
Stock Price Performance
| 1 Year: | -28.07% |
| 6 Months: | -14.21% |
| 3 Months: | -7.52% |
| 1 Month: | -10.05% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 15,537.38 Cr | 17,452.15 Cr | 19,521.28 Cr | 21,306.68 Cr |
| Current Assets | - | 11,145.06 Cr | 11,146.12 Cr | 11,471.50 Cr | 11,803.66 Cr |
| Cash & Equivalents | - | 2,338.11 Cr | 2,179.78 Cr | 2,279.84 Cr | 4,809.35 Cr |
| Inventory | - | 188.98 Cr | 47.71 Cr | 90.83 Cr | 12.30 Cr |
| Receivables | - | 863.83 Cr | 803.33 Cr | 1,328.25 Cr | 1,398.34 Cr |
| Total Liabilities | - | 10,312.76 Cr | 11,546.05 Cr | 13,159.33 Cr | 14,635.99 Cr |
| Current Liabilities | - | 7,265.39 Cr | 7,017.81 Cr | 7,226.29 Cr | 7,150.61 Cr |
| Long Term Debt | - | 1,440.33 Cr | 2,456.68 Cr | 4,134.64 Cr | 5,423.21 Cr |
| Total Debt | - | 1,525.12 Cr | 2,582.33 Cr | 4,306.77 Cr | 5,725.63 Cr |
| Total Equity | - | 5,211.49 Cr | 5,870.92 Cr | 6,326.35 Cr | 6,638.64 Cr |
| Shares Outstanding | - | 94.05 Cr | 94.05 Cr | 94.05 Cr | 94.05 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -277.92 Cr | -78.55 Cr | -1,109.53 Cr | -617.58 Cr |
| Investing Cash Flow | - | 1,577.95 Cr | -705.49 Cr | 31.92 Cr | -365.95 Cr |
| Financing Cash Flow | - | -223.43 Cr | 640.10 Cr | 1,156.02 Cr | 801.22 Cr |
| Capital Expenditure | - | -99.76 Cr | -848.30 Cr | -1,052.07 Cr | -533.17 Cr |
| Free Cash Flow | - | -377.68 Cr | -926.85 Cr | -2,161.60 Cr | -1,150.75 Cr |
| Net Change in Cash | - | 1,076.60 Cr | -143.94 Cr | 78.41 Cr | -182.31 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 7.9% | 9.0% | 11.1% | 12.2% |
| Operating Margin % | - | 5.8% | 8.4% | 6.8% | 6.6% |
| Net Margin % | - | 7.4% | 7.6% | 6.8% | 6.6% |
| ROE % | - | 14.7% | 15.8% | 11.5% | 9.0% |
| ROCE % | - | 7.2% | 9.9% | 5.9% | 4.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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