Ircon International Ltd

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

Ircon International Ltd

₹ 159 -1.28%
21 Feb - close price
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 ₹ 14,925 Cr.
  • Current Price ₹ 159
  • High / Low ₹ 352 / 147
  • Stock P/E 19.6
  • Book Value ₹ 65.7
  • Dividend Yield 1.95 %
  • ROCE 18.2 %
  • ROE 16.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 36.0%

Cons

  • Contingent liabilities of Rs.4,771 Cr.
  • Earnings include an other income of Rs.442 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 Allcap Nifty Total Market BSE Industrials BSE 250 SmallCap Index Nifty Smallcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
1,762 2,953 2,002 2,239 2,347 3,781 2,764 2,987 2,930 3,787 2,287 2,448 2,613
1,609 2,769 1,842 2,039 2,190 3,598 2,513 2,771 2,671 3,470 2,037 2,247 2,481
Operating Profit 153 183 160 200 156 183 251 216 259 317 251 201 132
OPM % 9% 6% 8% 9% 7% 5% 9% 7% 9% 8% 11% 8% 5%
68 86 79 81 75 186 64 177 119 107 107 142 86
Interest 19 22 29 31 30 33 33 37 37 41 48 53 56
Depreciation 23 26 24 24 24 36 19 27 27 27 27 28 31
Profit before tax 179 221 186 226 178 301 263 328 314 356 282 262 132
Tax % 24% -9% 22% 23% -7% 15% 29% 24% 22% 31% 20% 22% 35%
136 242 145 174 190 256 187 251 245 247 224 206 86
EPS in Rs 1.44 2.57 1.54 1.85 2.02 2.73 1.99 2.67 2.60 2.62 2.38 2.19 0.92
Raw PDF

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 11,135
3,399 2,981 2,351 2,228 2,740 3,576 4,320 4,787 4,845 6,795 9,664 11,406 10,234
Operating Profit 895 917 687 264 328 448 479 604 505 585 704 925 900
OPM % 21% 24% 23% 11% 11% 11% 10% 11% 9% 8% 7% 8% 8%
249 253 264 421 313 189 212 178 188 261 413 586 442
Interest 11 39 33 43 59 65 15 28 23 62 119 149 198
Depreciation 43 34 57 31 27 16 52 83 92 95 107 100 113
Profit before tax 1,090 1,097 861 612 556 555 624 672 578 689 891 1,261 1,032
Tax % 26% 32% 32% 36% 31% 26% 28% 28% 32% 14% 14% 26%
805 747 583 393 384 409 450 485 391 592 765 930 763
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 8.11
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: -11%
Compounded Profit Growth
10 Years: 2%
5 Years: 16%
3 Years: 33%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: 24%
3 Years: 59%
1 Year: -31%
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 Sep 2024
Equity Capital 20 20 20 20 99 94 94 94 94 188 188 188 188
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 5,990
0 0 239 0 0 3,200 3,077 0 331 1,399 1,505 2,570 3,385
3,757 3,197 3,893 4,500 5,415 5,810 6,278 6,009 6,520 8,382 8,821 9,004 8,310
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 17,872
178 216 736 506 524 568 1,890 1,982 1,922 1,845 1,825 1,736 1,725
CWIP 70 48 30 75 549 964 55 30 13 36 19 549 1,080
Investments 245 434 496 487 781 784 809 803 850 971 1,049 1,553 2,044
5,746 5,515 6,174 7,070 7,378 10,455 10,565 7,366 8,468 11,594 12,644 13,607 13,022
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 17,872

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
73.18% 73.18% 73.18% 73.18% 73.18% 73.18% 73.18% 65.17% 65.17% 65.17% 65.17% 65.17%
2.23% 2.14% 1.96% 2.71% 3.99% 5.17% 4.01% 4.11% 4.58% 4.17% 3.94% 4.09%
1.00% 1.07% 1.08% 1.82% 1.87% 0.80% 0.36% 0.93% 1.31% 2.90% 1.63% 1.44%
0.00% 0.00% 0.26% 0.00% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.28%
23.58% 23.60% 23.52% 22.28% 20.71% 20.59% 22.17% 29.51% 28.66% 27.51% 28.99% 29.03%
No. of Shareholders 3,10,5673,07,0273,04,4362,89,4862,97,6233,26,0014,70,2755,98,4779,31,49210,22,21312,07,13412,15,386

* 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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