Ircon International Ltd
NSE: IRCON · Civil Construction · sector
₹97.58NSE close 2026-10-26
Key numbers
Market cap₹9,177 cr
Price₹97.58
52w high / low₹186 / ₹98
P/E17.5xSector median 12.2x
P/B1.4xSector median 1.3x
Book value₹70.6
Dividend yield2.25%Sector median 0.76%
ROE8.1%Sector median 10.2%
ROCE8.2%Sector median 12.9%
OPM8.3%Sector median 10.7%
Debt / equity0.85xSector median 0.36x
EV/EBITDA12.5xSector median 8.8x
Interest cover2.6x
Current ratio1.65x
Sales growth 3y-4.4%Sector median +6.7%
Profit growth 3y-8.0%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹5,176 cr vs borrowings ₹5,664 cr (FY26): borrowings are higher by ₹487 cr.
- Borrowings rose in each of the last 3 years (₹1,504 cr → ₹5,664 cr).
- Operating profit covered interest 2.6x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 79% of net profit in the last 12 months.
- Debtor days went from 24 (FY24) to 56 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹97.58 on 2026-10-26: -47.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹232.63 · low ₹97.58
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,448 | 2,613 | 3,412 | 1,786 | 1,977 | 2,119 | 3,189 | 1,956 |
| EBITDA | 201 | 132 | 261 | 200 | 141 | 158 | 267 | 205 |
| OPM % | 8.2% | 5.0% | 7.7% | 11.2% | 7.1% | 7.4% | 8.4% | 10.5% |
| Other income | 91 | 79 | 103 | 106 | 135 | 87 | 102 | 87 |
| Net profit | 206 | 87 | 211 | 165 | 139 | 101 | 192 | 93 |
| EPS (₹) | 2.19 | 0.92 | 2.24 | 1.75 | 1.47 | 1.07 | 2.04 | 0.99 |
| Revenue YoY | -19.2% | -18.9% | -6.5% | +9.5% | ||||
| Profit YoY | -32.7% | +16.2% | -9.1% | -43.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 74 | 10,368 | 12,331 | 10,760 | 9,071 | 9,241 |
| EBITDA | 6 | 703 | 924 | 845 | 766 | 771 |
| Net profit | 6 | 765 | 930 | 727 | 595 | 524 |
| EPS (₹) | 6.30 | 8.14 | 9.88 | 7.73 | 6.33 | 5.57 |
| Revenue growth | +13,948.7% | +18.9% | -12.7% | -15.7% | -9.9% | |
| Profit growth | +12,826.2% | +21.5% | -21.7% | -18.1% | -21.6% | |
| Dividend / share (₹) | 3.55 | 2.45 | 3.00 | 2.95 | 2.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.4% | +11.2% | -9.9% |
| Net profit | -8.0% | +8.8% | -21.6% |
| EPS | -8.0% | +8.8% | – |
| Share price | – | -31.1% (2y) | -40.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 5,211 | 5,871 | 6,326 | 6,639 |
| Borrowings | – | 1,504 | 2,567 | 4,264 | 5,664 |
| Cash & equivalents | – | 5,223 | 5,548 | 5,192 | 5,176 |
| Total assets | – | 15,537 | 17,445 | 19,521 | 21,307 |
| Fixed assets | – | 205 | 216 | 1,003 | 2,086 |
| Capital work in progress | – | 8 | 549 | 976 | 595 |
| Investments | – | 125 | 125 | 0 | 0 |
| Receivables | – | 864 | 803 | 1,328 | 1,398 |
| Inventory | – | 212 | 237 | 91 | 12 |
| Payables | – | 831 | 887 | 1,257 | 1,201 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 14 | -168 | -79 | -1,110 | -618 |
| Cash from investing | -12 | 1,468 | -705 | 32 | -366 |
| Cash from financing | 7 | -223 | 640 | 1,156 | 801 |
| Capex | 0 | 100 | 848 | 1,052 | 533 |
| Free cash flow | 14 | -268 | -927 | -2,162 | -1,151 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.7% | 15.8% | 11.5% | 9.0% |
| ROCE % | – | 14.6% | 16.2% | 10.4% | 8.4% |
| Debtor days | – | 30 | 24 | 45 | 56 |
| Inventory days | – | 177 | 175 | 50 | 5 |
| Payable days | – | 693 | 655 | 687 | 530 |
| Cash conversion cycle (days) | – | -486 | -456 | -592 | -469 |
| Working capital days | – | 139 | 144 | 144 | 187 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 65.17% |
| FIIs | 4.62% |
| DIIs | 1.81% |
| of which Mutual funds | 0.31% |
| of which Insurance | 1.50% |
| Government | 0.28% |
| Public (non-institutions) | 28.12% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 65.17% | 65.17% | 65.17% | 65.17% | 65.17% | 65.17% | 65.17% | 65.17% |
| Promoter group | % |
|---|---|
| The President of India(through Chairman Railway Board) | 65.17% |
10,55,399 shareholders. Pledged: – of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| RITES | ₹9,102 cr | 21.9x | 3.4x | 15.7% | 22.5% | 22.6% | -2.8% | 4.59% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Domestic | ₹9,084 cr | 95.6% | ₹928 cr | 10.2% |
| International | ₹418 cr | 4.4% | ₹188 cr | 45.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Re 0.70 Per Share |
| 2026-02-17 | Dividend | Interim Dividend - Rs 1.20 Per Share |
| 2025-09-11 | Dividend | Dividend - Re 1 Per Share |
| 2025-02-17 | Dividend | Interim Dividend - Rs 1.65 Per Sh |
| 2024-09-05 | Dividend | Annual General Meeting/Dividend - Rs 1.30 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 1.80 Per Share |
| 2023-09-05 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Rs 1.80 Per Share |
| 2022-09-08 | Dividend | Annual General Meeting/Dividend - Re 0.65 Per Share |
| 2022-02-21 | Dividend | Interim Dividend - Rs 0.70 Per Share |
| 2021-11-22 | Dividend | Interim Dividend - Rs 0.70 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 1.70 Per Share |
| 2021-08-18 | Dividend | Interim Dividend - Rs 0.45 Per Share |
| 2021-05-20 | Bonus | Bonus 1:1 |
| 2021-02-23 | Dividend | Interim Dividend - Rs 1.30 Per Share |
| 2020-09-21 | Dividend | Annual General Meeting/Dividend - Rs 2.06 Per Share |
| 2020-04-03 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2020-02-20 | Dividend | Interim Dividend - Rs 13.45 Per Share |
| 2019-08-26 | Dividend | Annual General Meeting/Dividend - Rs 10.825 Per Share |
| 2019-02-15 | Dividend | Interim Dividend - Rs 10.72 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction: Civil Engineering
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | IRCON |
| BSE code | 541956 |
| ISIN | INE962Y01021 |
| Face value | ₹2.0 |
| Incorporated | 1976-04-28 |
| Website | www.ircon.org |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.