Ircon International
Ircon International Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Ircon International Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Ircon International Ltd trades at a P/E of 21.41× and P/B of 1.92×.
Valuation
Profitability
Growth
Financial Health
Ircon International Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Ircon International Ltd, switchable between annual and quarterly views, consolidated or standalone.
Ircon International Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹12,913.28 Cr and reported EPS of ₹6.33.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4,798 | 5,392 | 5,342 | 7,380 | 10,368 | 12,331 | 10,760 | 9,071 |
| Other Income | 191 | 148 | 181 | 206 | 382 | 540 | 371 | 431 |
| Total Income | 4,990 | 5,540 | 5,523 | 7,586 | 10,750 | 12,871 | 11,131 | 9,502 |
| Cost of Goods Sold (COGS) | 221 | 366 | 578 | 347 | 438 | 494 | 668 | 827 |
| Gross Profit | 4,577 | 5,026 | 4,764 | 7,033 | 9,930 | 11,836 | 10,091 | 8,244 |
| +Operating Expenses | 4,099 | 4,422 | 4,267 | 6,446 | 9,227 | 10,912 | 9,247 | 7,478 |
| EBITDA | 478 | 604 | 497 | 587 | 703 | 924 | 845 | 766 |
| +Non-Operating Expenses | 66 | 111 | 115 | 164 | 226 | 249 | 337 | 513 |
| Profit Before Tax (PBT) | 603 | 642 | 563 | 629 | 860 | 1,215 | 879 | 684 |
| +Tax Expense | 174 | 187 | 186 | 96 | 126 | 332 | 211 | 175 |
| Profit After Tax (PAT) | 450 | 485 | 391 | 592 | 765 | 930 | 728 | 592 |
| Earnings Per Share (EPS) | 4.79 | 5.16 | 4.16 | 6.30 | 8.14 | 9.88 | 7.73 | 6.33 |
| Diluted Shares Outstanding (Nos.) | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 |
| +Additional Disclosures | 4,622 | 5,291 | 5,553 | 7,368 | 10,371 | 12,196 | 10,986 | 9,728 |
| Sales Growth % | — | 12.36 | -0.92 | 38.15 | 40.49 | 18.93 | -12.74 | -15.69 |
| YoY Sales Growth % | — | 12.36 | -0.92 | 38.15 | 40.49 | 18.93 | -12.74 | -15.69 |
| Material Cost % | 8 | 6 | 7 | 7 | 4 | 4 | 6 | 9 |
| Employee Cost % | 5 | 5 | 5 | 4 | 3 | 3 | 3 | 3 |
| Other Cost % | 80 | 77 | 75 | 84 | 86 | 86 | 83 | 80 |
| OPM % | 10 | 11 | 9 | 8 | 7 | 7 | 8 | 8 |
| Tax % | 29 | 29 | 33 | 15 | 15 | 27 | 24 | 26 |
| Profit Growth % | — | 7.83 | -19.42 | 51.45 | 29.20 | 21.47 | -21.70 | -18.67 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 426 | 521 | 404 | 491 | 596 | 824 | 727 | 603 |
Ircon International segment analysis: revenue and profit mix.
Disclosed business segments at Ircon International with their share of revenue and profit, switchable between consolidated and standalone reporting.
Ircon International discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Ircon International Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Ircon International Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Ircon International Ltd's investment case rests on 8 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Ircon International maintains a strong promoter holding of 65.2%, indicating significant confidence in its future prospects. This substantial ownership suggests a long-term commitment to the company's success and reduces risks from management changes.
The company demonstrates a healthy Return on Equity (ROE) of 11.30%, reflecting efficient utilization of shareholder investments to generate profits. This metric highlights Ircon's profitability and overall financial health.
Ircon exhibits a relatively low debt-to-equity ratio of 0.68, suggesting a manageable debt level compared to its equity. This indicates a lower financial risk profile and greater flexibility for pursuing growth opportunities.
Ircon offers an attractive dividend yield of 1.54%, which can appeal to income-focused investors. This consistent return to shareholders adds to the company's investment appeal.
The civil construction sector is poised for growth due to increasing government focus and investment in infrastructure projects. Ircon, as a key player, can capitalize on this expanding market.
What can break it.
Ircon International reported a substantial quarterly profit decline of -26.50%, indicating challenges in maintaining profitability. This negative trend requires close monitoring for its potential impact on future earnings.
The company experienced a notable quarterly sales decrease of -21.90%, raising concerns about demand for its services or operational issues. Further investigation is needed to understand the reasons behind this decline.
With a PE ratio of 24.30, the current valuation might not fully reflect the recent negative trends in quarterly profits and sales. This suggests potential overvaluation given recent performance.
Ircon's Return on Capital Employed (ROCE) at 11.60% is notably lower than several key peers in the construction sector, suggesting less efficient capital utilization compared to competitors.
Promoter holding decreased from 73.18% in 2023 to 65.17% in 2024, a significant reduction. This decline could signal a shift in confidence or strategic changes by key stakeholders.
What would change my mind.
Trim if P/E re-rates above 28. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 86.33. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Ircon International Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Ircon International Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Ircon International Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Ircon International Ltd — derived from the live tape, not yesterday's close.
Ircon International Ltd last traded at ₹137.74 with an intraday range of ₹136.99–₹140.45 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹137.74| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 146.72 | +8.98 | +6.52% |
| R3 | 143.26 | +5.52 | +4.01% |
| R2 | 141.85 | +4.11 | +2.99% |
| R1 | 139.80 | +2.06 | +1.49% |
| PIVOT | 138.39 | 0.65 | 0.47% |
| CURRENT | 137.74 | — | — |
| S1 | 129.42 | -8.32 | -6.04% |
| S2 | 132.88 | -4.86 | -3.53% |
| S3 | 134.93 | -2.81 | -2.04% |
| S4 | 136.34 | -1.40 | -1.02% |
IRCON is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 138.58 ~ 140.45
Trading Above opening range, showing Bullishness
Ircon International Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Ircon International Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Ircon International Ltd stood at 34.2% of traded volume, against a 20-day average of 30.6%.
Ircon International announcements: results, concalls, ratings, M&A.
Filings Ircon International sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Ircon International files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 157 documents below.
Copy of Newspaper Publication
Ircon International Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
Ircon International Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
Ircon International Limited has informed the Exchange about Copy of Newspaper Publication
Dividend
Ircon International Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs.…
Outcome of Board Meeting
Ircon International Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Ircon International dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Ircon International has declared, sequenced by announce and record date.
Ircon International corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Ircon International Ltd: business, sector, key facts.
What Ircon International Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Ircon International Ltd operates in the Industrials, listed as NSE: IRCON, BSE: 541956.
IRCON International Limited is a major player in the construction and infrastructure development sector, primarily focusing on railway projects but also expanding into road, commercial, and other related projects. Their core competency lies in the construction and rehabilitation of railway lines, including the building of new lines, upgrading existing ones, and undertaking vital maintenance and modernization work on railway bridges, tunnels, signaling systems, and electrification networks.
Beyond railway infrastructure, IRCON's capabilities encompass a broad range of construction services. This includes the construction of roads and highways, bridges and flyovers, and a diverse portfolio of buildings such as commercial complexes, institutional buildings, industrial facilities, residential structures, and multifunctional developments. Their expertise extends to airport infrastructure, encompassing the building and maintenance of hangars, runways, and terminal buildings. They also provide specialized services like HVAC systems, electrical work, plumbing, fire protection, and hangar maintenance.
A significant aspect of IRCON's business involves the supply and maintenance of railway equipment. This includes the manufacturing of rolling stock, setting up maintenance depots and workshops, and the production of railway components like concrete sleepers and track parts. They also offer locomotive leasing and maintenance services. Their operations encompass turnkey project management, which encompasses design, supply, construction, testing, and commissioning of complete projects.
IRCON's geographical reach is extensive, with operations spanning across numerous countries in Asia, Africa, the Middle East, and South America. This international presence allows them to leverage their expertise in a wide variety of markets and contribute to infrastructure development on a global scale. Their services consistently integrate technological advancements and adhere to international quality standards, contributing to their ability to deliver successful projects across various geographic locations and diverse infrastructure requirements.
In summary, IRCON International Limited is a multifaceted infrastructure construction company offering a broad range of services from railway infrastructure development and maintenance to the construction of roads, buildings, and airports, supported by extensive manufacturing and equipment maintenance capabilities. Their international footprint and turnkey project management capabilities underscore their position as a significant player in the global infrastructure sector.
Questions investors ask about Ircon International Ltd (IRCON).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Ircon International Ltd (IRCON)?
The current share price of Ircon International Ltd (IRCON) is ₹137.74. Today, the stock has gained by ₹2.39 (1.77%), trading in a range of ₹136.99 to ₹140.45. The stock opened at ₹139.5 with a trading volume of 24,33,894 shares.
02Is Ircon International Ltd stock a good investment for long-term?
Ircon International Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹12,913.28 crores, P/E ratio of 21.41, ROE of 9.08%, and ROCE of 11.60%. The dividend yield stands at 1.63%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Ircon International Ltd stock?
The 52-week high price of Ircon International Ltd (IRCON) is ₹208.2, while the 52-week low is ₹114.5. Currently trading at ₹137.74, the stock is 24.8% away from its 52-week low and 33.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Ircon International Ltd stock at the current price?
Whether to buy Ircon International Ltd stock at ₹137.74 depends on multiple factors. The stock is currently trading with a P/E ratio of 21.41 and P/B ratio of 1.92. Today's performance shows a gain of 1.77%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Ircon International Ltd and when is the next dividend?
Ircon International Ltd offers a dividend yield of 1.63%, which means for every ₹100 invested at the current price of ₹137.74, you can expect to receive approximately ₹1.63 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Ircon International Ltd?
Ircon International Ltd's key financial metrics include: P/E Ratio: 21.41, P/B Ratio: 1.92, ROE: 9.08%, ROCE: 11.60%, Dividend Yield: 1.63%, EPS: ₹6.33, Book Value: ₹70.68, and Debt-to-Equity: 85.83. The company's market cap stands at ₹12,913.28 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Ircon International Ltd stock performing today in the market?
Ircon International Ltd stock opened at ₹139.5 and is currently trading at ₹137.74, showing a gain of ₹2.39 (1.77%). The intraday high is ₹140.45 and low is ₹136.99. The trading volume stands at 24,33,894 shares, indicating strong market participation today.
08What is the P/E ratio of Ircon International Ltd and what does it indicate?
Ircon International Ltd has a Price-to-Earnings (P/E) ratio of 21.41, which means investors are willing to pay ₹21.41 for every ₹1 of earnings. With an EPS of ₹6.33, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Ircon International Ltd (IRCON) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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