Construction · NIFTY 500

Ircon International Limited

NSEIRCON BSE541956 ISININE962Y01021 SeriesEQ Listed on NSE · BSE

₹113.37 -0.01 (-0.01%) Updated 12 Nov, 6:47 pm IST

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Price, daily close-35.67% in a year

Today

Open: ₹114.00
Prev close: ₹113.38
Day high: ₹115.04
Day low: ₹112.61
Volume: 26.64 L
Value traded: ₹30.27 Cr
Upper circuit: ₹136.05
Lower circuit: ₹90.71
52W high: ₹186.44
52W low: ₹95.76
1 month: +4.72%
6 months: -28.98%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹10,662 Cr

P/E (TTM)21.84

P/B1.57

Book value / share₹72.03

EPS (TTM)₹5.19

ROE7.2%

Dividend yield1.68%

Dividend (12m)₹1.90 / share

Net margin (TTM)5.1%

Operating margin10.5%

Debt / equity0.86

Current ratio1.68

EV / EBITDA16.64

Sales growth (YoY qtr)+14.92%

Profit growth (YoY qtr)-25.81%

Sales CAGR 3Y-4.36%

Profit CAGR 3Y-8.02%

Shares94.05 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

2,884245

Dec 23

3,743247

Mar 24

2,287224

Jun 24

2,448206

Sep 24

2,61386.6

Dec 24

3,412211

Mar 25

1,786165

Jun 25

1,977139

Sep 25

2,119101

Dec 25

3,189192

Mar 26

1,95692.7

Jun 26

2,272103

Sep 26

Revenue · QoQ (vs last quarter)

—+30%-39%+7.0%+6.8%+31%-48%+11%+7.2%+50%-39%+16%

Revenue · YoY (vs a year ago)

————-9.4%-8.8%-22%-19%-19%-6.5%+9.5%+15%

Net profit · QoQ (vs last quarter)

—+0.9%-9.2%-8.1%-58%+144%-22%-16%-27%+90%-52%+11%

Net profit · YoY (vs a year ago)

————-65%-15%-27%-33%+16%-9.1%-44%-26%

RevenueNet profitLine = trend

2.60

Dec 23

2.62

Mar 24

2.38

Jun 24

2.19

Sep 24

0.92

Dec 24

2.24

Mar 25

1.75

Jun 25

1.47

Sep 25

1.07

Dec 25

2.04

Mar 26

0.99

Jun 26

1.09

Sep 26

EPS (₹) · YoY (vs a year ago)

————-65%-15%-26%-33%+16%-8.9%-43%-26%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	2,884	3,743	2,287	2,448	2,613	3,412	1,786	1,977	2,119	3,189	1,956	2,272
Other income	128	151	98.2	91.1	79.0	103	106	135	87.2	102	86.9	92.1
Total income	3,012	3,894	2,385	2,539	2,692	3,515	1,892	2,112	2,206	3,291	2,043	2,364
Raw material	104	163	59.5	160	214	235	172	214	216	225	61.6	281
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	87.6	81.0	72.9	74.6	72.7	55.6	65.3	63.9	65.1	66.2	66.8	66.4
Other expenses	2,607	3,186	1,904	2,005	2,167	2,860	1,349	1,558	1,680	2,631	1,622	1,686
Total expenses	2,735	3,524	2,112	2,327	2,567	3,245	1,699	1,960	2,096	3,063	1,903	2,193
Operating profit	213	286	251	201	132	261	200	141	158	267	205	239
OPM %	7.4%	7.6%	11.0%	8.2%	5.0%	7.7%	11.2%	7.1%	7.4%	8.4%	10.5%	10.5%
Finance cost	37.2	40.9	48.2	52.7	56.0	62.3	75.2	84.5	93.0	97.3	107	114
Depreciation	27.1	27.1	27.5	27.8	30.5	32.1	37.2	40.0	41.6	44.0	44.9	45.7
Profit before tax	277	370	273	211	124	270	194	152	110	228	140	171
Tax	69.1	109	57.8	56.4	45.7	51.3	47.4	35.9	34.8	56.4	34.8	59.3
Net profit	245	247	224	206	86.1	212	164	137	99.9	191	92.0	100
Profit to shareholders	245	247	224	206	86.6	211	165	139	101	192	92.7	103
EPS (₹)	2.60	2.62	2.38	2.19	0.92	2.24	1.75	1.47	1.07	2.04	0.99	1.09

Profit & loss

Results for each year

7 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

5,392604485

FY20

5,342497391

FY21

73.85.95.9

FY22

10,368703765

FY23

12,331924930

FY24

10,760845727

FY25

9,071766595

FY26

Revenue · YoY (vs a year ago)

—-0.9%-99%+13,949%+19%-13%-16%

Net profit · YoY (vs a year ago)

—-19%-98%+12,819%+21%-22%-18%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,392	5,342	73.8	10,368	12,331	10,760	9,071
Other income	148	181	2.1	382	540	371	431
Total expenses	4,898	4,961	69.6	9,890	11,656	10,252	8,818
Employee cost	279	247	2.7	284	327	276	260
Operating profit	604	497	5.9	703	924	845	766
OPM %	11.2%	9.3%	7.9%	6.8%	7.5%	7.9%	8.4%
Finance cost	27.9	23.3	0.7	118	148	219	350
Depreciation	82.9	92.1	1.0	107	100	118	163
Profit before tax	642	563	6.3	860	1,215	879	684
Tax	187	186	1.0	126	332	211	175
Tax rate %	29.1%	33.1%	15.3%	14.6%	27.3%	24.0%	25.5%
Net profit	485	391	5.9	765	930	728	592
Profit to shareholders	485	—	5.9	765	930	727	595
Net margin %	9.0%	7.3%	8.0%	7.4%	7.5%	6.8%	6.6%
EPS (₹)	51.60	4.16	6.30	8.14	9.88	7.73	6.33

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

5,2111,5042,338

Mar 23

5,8712,5672,180

Mar 24

6,3264,2642,280

Mar 25

6,6395,6642,190

Mar 26

6,7755,8352,051

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+13%+7.8%+4.9%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	5,211	5,871	6,326	6,639	6,775
Long-term borrowings	1,440	2,457	4,135	5,423	5,586
Short-term borrowings	63.9	110	130	240	249
Total borrowings	1,504	2,567	4,264	5,664	5,835
Current liabilities	7,265	7,123	7,226	7,151	7,085
Fixed assets (PPE)	205	216	1,003	2,086	2,142
Inventories	212	237	90.8	12.3	9.1
Trade receivables	864	803	1,328	1,398	1,076
Cash & equivalents	2,338	2,180	2,280	2,190	2,051
Current assets	11,217	11,999	11,472	11,803	11,901
Total assets	15,537	17,445	19,521	21,307	21,448
Debt / equity	0.29	0.44	0.67	0.85	0.86

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

14.1-12.36.8

FY22

-1681,468-223

FY23

-78.6-705640

FY24

-1,11031.91,156

FY25

-618-366801

FY26

Operations · YoY (vs a year ago)

—-1,294%+53%-1,313%+44%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	14.1	-168	-78.6	-1,110	-618
Cash from investing	-12.3	1,468	-705	31.9	-366
Cash from financing	6.8	-223	640	1,156	801
Spent on fixed assets	-0.2	-64.8	-845	-1,048	-532
Free cash flow	13.9	-233	-923	-2,158	-1,150
Net cash flow	8.6	1,077	-144	78.4	-182

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

65.2%Dec 23

65.2%Mar 24

65.2%Jun 24

65.2%Sep 24

65.2%Dec 24

65.2%Mar 25

65.2%Jun 25

65.2%Sep 25

65.2%Dec 25

65.2%Mar 26

65.2%Jun 26

65.2%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

65.2%promoter

Promoter & group: 65.17%
Public (FIIs, mutual funds, retail…): 34.83%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Re 0.70 Per ShareEx 17-Sep-2026
Interim Dividend - Rs 1.20 Per ShareEx 17-Feb-2026
Dividend - Re 1 Per ShareEx 11-Sep-2025
Interim Dividend - Rs 1.65 Per ShEx 17-Feb-2025
Annual General Meeting/Dividend - Rs 1.30 Per ShareEx 05-Sep-2024
Interim Dividend - Rs 1.80 Per ShareEx 16-Feb-2024
Annual General Meeting/Dividend - Rs 1.20 Per ShareEx 05-Sep-2023
Interim Dividend - Rs 1.80 Per ShareEx 17-Feb-2023

Board meetings

IRCON INTERNATIONAL LIMITED has informed the Exchange about Board Meeting to be held on 04-Nov-2026 to inter-alia consider and approve the Unaudited …04-Nov-2026
the financial results for the period ended September 30, 202604-Nov-2026
IRCON INTERNATIONAL LIMITED has informed the Exchange about Board Meeting to be held on 12-Aug-2026 to inter-alia consider and approve the Unaudited …12-Aug-2026
the financial results for the period ended Jun 30, 202612-Aug-2026
the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.22-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
Analysts/Institutional Investor Meet/Con. Call Updates5 Nov
Copy of Newspaper Publication5 Nov
Press Release4 Nov
Investor Presentation4 Nov
Updates4 Nov
Outcome of Board Meeting4 Nov

Latest news

4 Railway Stocks with Strong Order Books as of September 2026Equitymaster · 12 Nov, 7:00 am Ircon International shares jump 7% on Rs 862 crore railway EPC contract winThe Economic Times · 13 Oct, 12:30 pm RVNL, IRFC, BEML, IRCON, Texmaco shares zoom; what's driving the surge in railway stocks?Business Today · 11 Nov, 12:13 pm IRCON International Shares Jump 6% on Rs 862 Crore Railway ContractEquitypandit · 13 Oct, 12:30 pm IRCON International stock zooms 6% on ₹862 crore order win from railwaysBusiness Standard · 13 Oct, 12:30 pm Ircon International bags EPC work order worth ₹862 crore from East Central Railway; shares fall 41% YTDUpstox · 12 Oct, 12:30 pm IRCON International, RVNL Share Price Surge Up To 12% Amid Merger Reports | Stock Market TodaySamco · 6 Mar, 1:30 pm Ircon International Share Price Jumps Nearly 10% Despite Trading Near 52-Week LowHDFC Sky · 6 Mar, 1:30 pm

About

About Ircon International Limited

Ircon International, or Indian Railway Construction International Limited (IRCON), is an Indian engineering & construction corporation, specialized in transport infrastructure. The public sector undertaking was established in 1976, by the Indian Railways under the Indian Companies Act 1956. IRCON was registered as the Indian Railway Construction International Limited, a wholly owned entity of the Indian Railway Board. Its primary charter was the construction of railway projects in India and abroad. Ircon has since diversified into other transport and infrastructure segments and with its expanded scope of operations around the world, the name was changed to Indian Railway International Ltd. in October 1995.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Ircon International Limited
NSE symbol: IRCON
BSE scrip code: 541956
ISIN: INE962Y01021
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 28 Sep 2018
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 94.05 crore
Index: NIFTY 500
Sector (NSE): Construction
Industry: Engineering & Construction
Managing director / CEO: Saleem Ahmad
Chair: Saleem Ahmad
Headquarters: New Delhi, Delhi, India
Registered address: C-4, District Centre, Saket, New Delhi - 110017
Founded: 1976
Employees: 1,070
Financial year: April to March
Results basis: Consolidated
Website: ircon.org

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Ircon International Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers