Ircon International Ltd

Ircon Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ircon International Ltd

₹ 186 0.13%
22 Nov 11:35 a.m.
ircon.org BSE: 541956 NSE: IRCON
About

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]

Key Points

Overview
Incorporated in 1976, Ircon was awarded Mini Ratna Category-I status in 1998 and was elevated to ‘Navratna’ status by the Department of Public Enterprises, Ministry of Finance, in October 2023. In FY24, the Government of India divested 8% stake in the company via an Offer for Sale, reducing its shareholding to 65% as of September 2024[1] [2] [3]

Website BSE NSE
  • Market Cap ₹ 17,498 Cr.
  • Current Price ₹ 186
  • High / Low ₹ 352 / 158
  • Stock P/E 20.6
  • Book Value ₹ 64.1
  • Dividend Yield 1.66 %
  • ROCE 20.9 %
  • ROE 15.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 37.8%

Cons

  • Earnings include an other income of Rs.484 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

Part of BSE 400 MidSmallCap Index BSE 250 SmallCap Index Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Smallcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,421 1,639 2,797 1,897 2,117 2,237 3,670 2,626 2,884 2,792 3,649 2,180 2,299
1,323 1,532 2,700 1,790 1,964 2,110 3,471 2,455 2,711 2,618 3,402 2,032 2,194
Operating Profit 98 107 97 108 153 127 199 171 173 174 247 148 105
OPM % 7% 7% 3% 6% 7% 6% 5% 6% 6% 6% 7% 7% 5%
82 70 68 60 83 93 104 68 139 84 148 97 156
Interest 1 2 2 0 4 1 2 2 3 3 2 2 2
Depreciation 6 6 9 7 7 7 17 9 9 9 9 10 10
Profit before tax 173 169 154 160 226 213 284 228 299 246 383 234 249
Tax % 23% 23% -28% 23% 21% -7% 13% 29% 23% 25% 25% 25% 19%
133 130 197 123 178 227 248 162 230 185 286 177 202
EPS in Rs 1.41 1.38 2.10 1.31 1.89 2.42 2.64 1.72 2.45 1.97 3.04 1.88 2.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
4,221 4,057 2,864 2,419 3,024 3,891 4,415 5,202 4,956 6,910 9,921 11,950 10,920
3,401 2,985 2,255 2,089 2,718 3,513 4,036 4,725 4,587 6,540 9,330 11,175 10,247
Operating Profit 820 1,072 609 329 306 377 379 477 369 370 591 776 674
OPM % 19% 26% 21% 14% 10% 10% 9% 9% 7% 5% 6% 6% 6%
250 249 254 344 304 231 263 239 244 271 340 437 484
Interest 11 38 9 43 61 65 16 27 15 4 10 21 9
Depreciation 44 34 10 28 18 13 12 16 25 27 38 36 38
Profit before tax 1,015 1,249 844 602 532 530 615 673 574 610 883 1,156 1,112
Tax % 28% 27% 31% 34% 31% 27% 28% 27% 30% 11% 12% 25%
730 906 579 395 369 388 445 490 405 544 777 863 850
EPS in Rs 36.87 45.78 29.26 19.95 3.73 4.12 4.73 5.21 4.30 5.79 8.26 9.17 9.04
Dividend Payout % 20% 20% 31% 43% 100% 49% 46% 46% 35% 43% 36% 34%
Compounded Sales Growth
10 Years: 11%
5 Years: 22%
3 Years: 34%
TTM: -4%
Compounded Profit Growth
10 Years: -1%
5 Years: 14%
3 Years: 28%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 58%
1 Year: 12%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 20 20 99 94 94 94 94 188 188 188 188
Reserves 2,281 2,973 3,334 3,647 3,729 3,657 3,855 4,067 4,312 4,433 4,990 5,584 5,840
0 0 0 0 0 3,200 3,077 0 0 0 1 3 3
3,910 3,165 3,395 4,470 5,340 5,749 5,943 5,785 6,258 8,106 8,497 8,309 7,600
Total Liabilities 6,211 6,158 6,749 8,137 9,168 12,701 12,969 9,946 10,664 12,727 13,676 14,084 13,631
178 153 157 146 446 493 607 765 771 748 744 744 746
CWIP 2 17 6 3 0 1 48 10 10 10 3 7 6
Investments 295 494 737 1,021 1,223 1,201 1,314 1,469 1,506 1,764 2,138 2,839 3,460
5,736 5,494 5,848 6,966 7,499 11,006 11,000 7,702 8,378 10,205 10,792 10,494 9,418
Total Assets 6,211 6,158 6,749 8,137 9,168 12,701 12,969 9,946 10,664 12,727 13,676 14,084 13,631

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
569 64 503 1,402 1,021 -2,613 -1,243 342 805 1,351 -120 285
46 127 -648 85 -1,861 7 685 -138 -713 -130 1,313 -340
-132 -233 -191 -219 -222 2,737 -93 -275 -158 -337 -231 -284
Net Cash Flow 483 -42 -336 1,268 -1,062 131 -650 -71 -67 884 962 -340

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 95 70 73 105 51 63 42 39 37 37 32 29
Inventory Days 153 137 152 547 320 74 286
Days Payable 441 357 553 905 576 466 1,063
Cash Conversion Cycle 95 70 73 -183 -169 -339 -316 -217 -354 -739 32 29
Working Capital Days -103 -67 -153 -223 -182 -177 -106 -114 -150 -136 -55 -35
ROCE % 51% 49% 27% 18% 14% 11% 9% 12% 14% 14% 18% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.18% 73.18% 73.18% 73.18% 73.18% 73.18% 73.18% 73.18% 65.17% 65.17% 65.17% 65.17%
2.49% 2.23% 2.14% 1.96% 2.71% 3.99% 5.17% 4.01% 4.11% 4.58% 4.17% 3.94%
0.89% 1.00% 1.07% 1.08% 1.82% 1.87% 0.80% 0.36% 0.93% 1.31% 2.90% 1.63%
0.00% 0.00% 0.00% 0.26% 0.00% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26%
23.44% 23.58% 23.60% 23.52% 22.28% 20.71% 20.59% 22.17% 29.51% 28.66% 27.51% 28.99%
No. of Shareholders 2,83,4463,10,5673,07,0273,04,4362,89,4862,97,6233,26,0014,70,2755,98,4779,31,49210,22,21312,07,134

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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