Ircon International
Market cap ₹9,181 Cr
- P/E
- 15.04
- Day range
- ₹95.95 – ₹100.30
- 52-week range
- ₹95.95 – ₹186.44
- Volume
- 24.95 L
- Open
- ₹100.30
- Prev close
- ₹100.32
Latest results · Q1 FY27(consolidated)Revenue ₹1,956 Cr+9.5%Profit ₹92 Cr-43.9%Margin 4.7%YoY vs the same quarter last year
1 red flag to read up on
- medium
Material exchange filing
Clarification sought from IRCON International Ltd · 1 Oct 2026
From NSE and BSE filings. A flag is a reason to read the filing, not a rating.
IRCON in NSE indices and F&O
Research profile
Composite 26 / 100Factor percentiles
Derived metrics
- Earn. yield
- 6.6%
- Graham no.
- ₹92.82
- vs Graham
- -4.9%
- ROE ÷ P/B
- 6.5%
- 12-1 mom.
- -36.5%
- Return / vol
- -1.12
- Magic Formula
- #317
- Piotroski
- 2/6
- FCF yield
- -12.5%
Appears in 8 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 12 in Defence| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL | ₹3.16 L Cr | 33.90 | 7.94 | 24.0% | 32.0% | 28.0% | 0.00 | +14.4% |
| Bharat ElectronicsBEL | ₹2.65 L Cr | 43.10 | 11.10 | 27.6% | 36.0% | 25.0% | 0.00 | +24.9% |
| Bharat Heavy ElectricalsBHEL | ₹1.35 L Cr | 55.44 | 5.20 | 6.3% | 9.0% | 11.0% | 0.22 | +23.8% |
| Power Finance CorpPFC | ₹1.04 L Cr | 4.00 | 0.73 | 26.8% | 9.7% | — | 7.62 | -0.0% |
| Indian Railway FinanceIRFC | ₹97,295 Cr | 13.20 | 1.60 | 12.8% | 5.6% | — | 7.12 | +23.4% |
| REC LtdRECLTD | ₹77,404 Cr | 4.84 | 0.92 | 20.1% | 9.7% | — | 6.10 | -2.0% |
| Mazagon Dock ShipbuildersMAZDOCK | ₹75,029 Cr | 26.25 | 7.69 | 29.1% | 36.0% | 15.0% | 0.05 | +12.1% |
| Ircon InternationalIRCON | ₹9,181 Cr | 15.04 | 1.42 | 9.2% | 9.0% | 10.0% | 0.86 | +9.5% |
| Sector median | ₹76,217 Cr | 30.08 | 4.52 | 12.7% | 12.0% | 15.0% | 0.25 | +11.3% |
Sector as classified in the tracked universe; medians use every tracked Defence company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7d agoHeadlines about Ircon International from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 18.0
- EPS (TTM)
- ₹5.57
- Price / Book
- 1.38
- ROE (FY26)
- 9.2%
- ROCE (latest year)
- 9%
- Dividend yield
- 1.89%
Moving averages (NSE)
- 20-day
- ₹105.45
- Price below
- 50-day
- ₹113.21
- Price below
- 200-day
- ₹135.13
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- Public
- FII
- DII
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 20 May 2021: earlier bars are per pre-bonus share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,987 | 2,930 | 3,787 | 2,287 | 2,448 | 2,613 | 3,412 | 1,786 | 1,977 | 2,119 | 3,189 | 1,956 |
| Expenses | 2,771 | 2,671 | 3,470 | 2,037 | 2,247 | 2,481 | 3,158 | 1,586 | 1,836 | 1,961 | 2,922 | 1,764 |
| Operating Profit | 216 | 259 | 317 | 251 | 201 | 132 | 254 | 200 | 141 | 158 | 267 | 192 |
| OPM % | 7% | 9% | 8% | 11% | 8% | 5% | 7% | 11% | 7% | 7% | 8% | 10% |
| Other Income | 177 | 119 | 107 | 107 | 142 | 86 | 103 | 124 | 156 | 112 | 122 | 87 |
| Interest | 37 | 37 | 41 | 48 | 53 | 56 | 62 | 75 | 85 | 93 | 97 | 107 |
| Depreciation | 27 | 27 | 27 | 27 | 28 | 31 | 32 | 37 | 40 | 42 | 44 | 45 |
| Profit before tax | 328 | 314 | 356 | 282 | 262 | 132 | 263 | 212 | 172 | 135 | 248 | 127 |
| Tax % | 24% | 22% | 31% | 20% | 22% | 35% | 19% | 22% | 21% | 26% | 23% | 27% |
| Net Profit | 251 | 245 | 247 | 224 | 206 | 86 | 212 | 164 | 137 | 100 | 191 | 92 |
| EPS in Rs | ₹2.67 | ₹2.60 | ₹2.62 | ₹2.38 | ₹2.19 | ₹0.92 | ₹2.24 | ₹1.75 | ₹1.47 | ₹1.07 | ₹2.04 | ₹0.99 |
From company filings, updated 23 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+13 days since Mar 2021
-70 days since Mar 2021
+52 days since Mar 2021
-109 days since Mar 2021
+98 days since Mar 2021
Strengths, risks & growth
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]
Strengths
- Company has been maintaining a healthy dividend payout of 31.9%
Risks
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company has a low return on equity of 11.6% over last 3 years.
- Earnings include an other income of Rs.476 Cr.
- Debtor days have increased from 41.6 to 56.3 days.
- Promoter holding has decreased over last 3 years: -8.01%
Compounded Sales Growth
- 10 Years
- +14%
- 5 Years
- +11%
- 3 Years
- -4%
- TTM
- -10%
Compounded Profit Growth
- 10 Years
- +3%
- 5 Years
- +6%
- 3 Years
- -12%
- TTM
- -22%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- +14%
- 3 Years
- -11%
- 1 Year
- -41%
Return on Equity
- 10 Years
- +12%
- 5 Years
- +13%
- 3 Years
- +12%
- Last Year
- +8%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 65.17% | 65.17% | 65.17% | 65.17% | 0.00 pp |
| FII | 4.54% | 4.78% | 4.61% | 4.62% | +0.01 pp |
| DII | 1.72% | 1.79% | 1.79% | 1.81% | +0.02 pp |
| Government | 0.28% | 0.28% | 0.28% | 0.28% | 0.00 pp |
| Public | 28.28% | 27.97% | 28.16% | 28.12% | -0.04 pp |
Filed with NSE for Sept 2026: promoters 65.17%, public 34.83% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 0.31% (+0.02 pp)- Promoters65.2%
- Foreign institutions4.6%
- Mutual funds0.3%
- Insurance1.5%
- Other domestic institutions0.0%
- Retail25.5%
- Others2.9%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund | 0.06% | 0.17% | -0.03 pp |
| SBI Nifty Smallcap 250 Index Fund | 0.03% | 0.17% | -0.03 pp |
| Groww Nifty India Railways PSU Index Fund | 0.03% | 4.64% | -0.06 pp |
| Motilal Oswal Nifty Smallcap 250 Index Fund | 0.02% | 0.17% | -0.03 pp |
| ICICI Pru Nifty Smallcap 250 Index Fund | 0.01% | 0.17% | -0.03 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Low
- Profitability
- Avg
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 38.7%
- Downside volatility
- 33.2%
- Worst 5% of days
- 3.6%
- Average of that tail
- 5.1%
- Max drawdown (1Y)
- 47.8%
- Below its peak
- 47.8%
Against the market
- Beta vs Nifty 50
- 1.60
- Correlation
- 0.55
- Relative strength (3M)
- -16.9%
- ATR (14)
- 3.9%
Return
- Return 1M
- -10.5%
- Return 3M
- -22.2%
- Return 6M
- -37.3%
- Return 1Y
- -43.2%
- vs 200-day average
- -27.8%
Momentum
- RSI (14)
- 31.2
- MACD histogram
- -0.29
- Stochastic %K
- 10.6
- ADX (14)
- 21.5
- +DI / −DI
- 21.4 / 29.0
- Money flow index
- 51.9
Participation
- Delivery (20d avg)
- 26.9%
- vs its 60-day baseline
- -7.4 pts
- Volume vs 20-day
- -0.3σ
- Close vs day's VWAP
- +0.3%
- 52-week position
- 0 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
2 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — failed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — failed
- Asset turnover improving — failed
- Free cash flow
- -₹1,151 Cr
- FCF yield
- -12.5%
- Cash conversion
- -1.04
- Accruals ratio
- 0.057
- Net debt
- ₹3,611 Cr
- Net debt / equity
- 0.54
- EV / sales
- 1.38
- Capex intensity
- 5.9%
- Revenue CAGR
- -6.5%
- Profit CAGR
- -9.6%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividendNot available — not reported in this filing
Dividend - Re 0.70 Per Share
17 Sept 2026ex-date - dividend₹1.20
Interim Dividend - Rs 1.20 Per Share
17 Feb 2026ex-date - dividendNot available — not reported in this filing
Dividend - Re 1 Per Share
11 Sept 2025ex-date - dividend₹1.65
Interim Dividend - Rs 1.65 Per Sh
17 Feb 2025ex-date - dividend₹1.30
Annual General Meeting/Dividend - Rs 1.30 Per Share
5 Sept 2024ex-date - dividend₹1.80
Interim Dividend - Rs 1.80 Per Share
16 Feb 2024ex-date - dividend₹1.20
Annual General Meeting/Dividend - Rs 1.20 Per Share
5 Sept 2023ex-date - dividend₹1.80
Interim Dividend - Rs 1.80 Per Share
17 Feb 2023ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend - Re 0.65 Per Share
8 Sept 2022ex-date - dividend₹0.70
Interim Dividend - Rs 0.70 Per Share
21 Feb 2022ex-date - dividend₹0.70
Interim Dividend - Rs 0.70 Per Share
22 Nov 2021ex-date - dividend₹1.70
Annual General Meeting/Dividend - Rs 1.70 Per Share
16 Sept 2021ex-date - dividend₹0.45
Interim Dividend - Rs 0.45 Per Share
18 Aug 2021ex-date - bonusNot available — not reported in this filing
Bonus 1:1
20 May 2021ex-date - dividend₹1.30
Interim Dividend - Rs 1.30 Per Share
23 Feb 2021ex-date - dividend₹2.06
Annual General Meeting/Dividend - Rs 2.06 Per Share
21 Sept 2020ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
3 Apr 2020ex-date - dividend₹13.45
Interim Dividend - Rs 13.45 Per Share
20 Feb 2020ex-date - dividend₹10.82
Annual General Meeting/Dividend - Rs 10.825 Per Share
26 Aug 2019ex-date - dividend₹10.72
Interim Dividend - Rs 10.72 Per Share
15 Feb 2019ex-date
Company announcements
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Waiver of Fines by NSE.
Receipt of Letter of Acceptance (LOA) from East Central Railway
Receipt of letter of Acceptance (LOA) from M/s Konkan Railway Corporation Ltd.
Submission of Compliance Certificate under Regulation 74(5) of SEBI(DP) regulations, 2018
Announcement under Regulation 30 (LODR)- Updates (Volume Movement)
The Exchange has sought clarification from IRCON International Ltd on October 1, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.
Public Notice to Shareholders regarding special window for transfer & dematerialization of physical securities of Ircon International Limited.
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015-Investor Conference
Scrutinizer's Report and Voting Results of 50th Annual General Meeting of IRCON.
Proceedings of 50th Annual General Meeting of the Company held on 24th September, 2026
Disclosure Under Regulation 30 of SEBI (LODR) Regulations, 2015
Trading Window of Ircon International Limited will be closed from 1st October, 2026 till the end of 48 hours after the Financial Results of the Company for the quarter/ half year ending ....
Annual Report along with C&AG Comments for the Financial Year 2025-26
M/s. Vinod Singhal & Co LLP appointed as Statutory Auditor of the Company for the FY 2026-27
Newspaper Publication of Notice of the 50th Annual General Meeting to be held on Thursday, 24th September, 2026
Filed with BSE (scrip 541956); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026Slides
- May 2026TranscriptSlidesRecording
- Feb 2026Slides
- Nov 2025TranscriptSlides
- Aug 2025Slides
- May 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 24 Mar from infomerics
- Rating update · 25 Nov 2025 from infomerics
- Rating update · 11 Mar 2025 from care
- Rating update · 22 Nov 2024 from infomerics
- Rating update · 12 Dec 2023 from care
- Rating update · 4 Oct 2022 from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 12 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Ircon International: common questions
Answered from the figures on this page.
