Ircon International Limited, originally established in 1976 as Indian Railway Construction International Limited by the Indian Railways, is a leading public sector enterprise specializing in transport infrastructure. Founded under the Indian Companies Act of 1956, Ircon initially focused on railway projects in India and abroad. Over time, the company’s operational scope expanded to include various transport and infrastructure sectors, prompting a name change to Indian Railway International Ltd. in 1995. Ircon is renowned for its ability to undertake and successfully complete challenging projects in difficult terrains, reflecting its engineering expertise and adaptability.
With a portfolio of over 1,650 major projects completed in India and more than 900 internationally across 31 countries, Ircon has established itself as a significant player in the global infrastructure landscape. In 2023, the Ministry of Finance recognized Ircon International’s outstanding performance and contributions by conferring ‘Navratna’ status on the company. This accolade underscores Ircon’s exceptional capabilities and its vital role in advancing infrastructure development both domestically and globally.
Area of business
Ircon International Limited excels in several key areas of infrastructure development, with its core competencies prioritized as follows: Railways, Highways, and EHT Substation Engineering and Construction. As a turnkey construction firm, Ircon is adept at managing comprehensive railway projects, which include the development of new railway lines, the rehabilitation and conversion of existing ones, station buildings and facilities, bridges, tunnels, signalling, telecommunication, and railway electrification. Additionally, the company provides wet leasing services for locomotives. Beyond its railway expertise, Ircon is also proficient in constructing highways and EHV sub-stations, encompassing engineering, procurement, and construction activities. The company’s capabilities extend to metro rail projects, showcasing its versatility and extensive experience in managing complex and large-scale infrastructure ventures.
Shareholding Patterns of Ircon International Limited
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 73.18% | 73.18% | 65.17% | 65.17% | 65.17% |
| FIIs + | 5.17% | 4.01% | 4.11% | 4.58% | 4.17% |
| DIIs + | 0.80% | 0.36% | 0.93% | 1.31% | 2.90% |
| Government + | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% |
| Public + | 20.59% | 22.17% | 29.51% | 28.66% | 27.51% |
| No. of Shareholders | 3,26,001 | 4,70,275 | 5,98,477 | 9,31,492 | 10,22,213 |
The shareholding patterns of Ircon International Limited have shown notable changes from June 2023 to June 2024. As of June 2023, promoters held a substantial 73.18% stake in the company, a proportion that remained unchanged through September 2023. However, by December 2023, their share reduced to 65.17%, and this level of ownership persisted into March 2024 and June 2024.
Foreign Institutional Investors (FIIs) saw a slight decline in their holdings from 5.17% in June 2023 to 4.17% by June 2024, after a brief increase to 4.58% in March 2024. Domestic Institutional Investors (DIIs) experienced a notable increase in their shareholding, growing from 0.80% in June 2023 to 2.90% by June 2024. Government holdings remained constant at 0.26% throughout the period. The public’s shareholding fluctuated, starting at 20.59% in June 2023 and peaking at 29.51% in December 2023, before slightly decreasing to 27.51% in June 2024.
The number of shareholders has seen a significant rise, from 326,001 in June 2023 to 1,022,213 by June 2024, indicating a growing investor base. Overall, the data reflects a dynamic shift in ownership with increasing public and institutional interest alongside a gradual reduction in promoter holdings.
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Ircon International Ltd Share Price Prediction 2024, 2025 to 2030
Ircon International Ltd Share Price Prediction 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 281.75 | 245.00 |
| September 2024 | 293.02 | 254.80 |
| October 2024 | 287.28 | 249.81 |
| November 2024 | 298.77 | 259.80 |
| December 2024 | 301.76 | 262.40 |
In August 2024, Ircon International Ltd’s stock price is anticipated to reach a maximum of ₹281.75 and a minimum of ₹245.00. By December 2024, the company’s stock is expected to see a maximum price of ₹301.76 and a minimum of ₹262.40.
Ircon International Ltd Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 304.78 | 234.44 |
| February 2025 | 307.85 | 236.81 |
| March 2025 | 314.32 | 241.78 |
| April 2025 | 311.21 | 239.39 |
| May 2025 | 302.14 | 232.42 |
| June 2025 | 315.74 | 242.88 |
| July 2025 | 309.55 | 238.11 |
| August 2025 | 319.12 | 245.48 |
| September 2025 | 322.95 | 248.42 |
| October 2025 | 331.35 | 254.88 |
| November 2025 | 339.63 | 261.25 |
| December 2025 | 354.91 | 273.01 |
In January 2025, Ircon International Ltd is expected to reach a maximum price of ₹304.78 and a minimum price of ₹234.44. By December 2025, the company’s stock price is projected to hit a maximum of ₹354.91 and a minimum of ₹273.01.
Ircon International Ltd Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 365.56 | 281.20 |
| February 2026 | 356.42 | 274.17 |
| March 2026 | 363.55 | 279.65 |
| April 2026 | 370.97 | 285.36 |
| May 2026 | 367.30 | 282.54 |
| June 2026 | 376.48 | 289.60 |
| July 2026 | 369.10 | 283.92 |
| August 2026 | 380.51 | 292.70 |
| September 2026 | 388.12 | 298.56 |
| October 2026 | 398.22 | 306.32 |
| November 2026 | 408.17 | 313.98 |
| December 2026 | 418.37 | 321.83 |
Ircon International Ltd Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 422.56 | 325.05 |
| February 2027 | 433.39 | 333.38 |
| March 2027 | 450.30 | 346.38 |
| April 2027 | 441.47 | 339.59 |
| May 2027 | 428.61 | 329.70 |
| June 2027 | 447.90 | 344.53 |
| July 2027 | 439.11 | 337.78 |
| August 2027 | 452.69 | 348.23 |
| September 2027 | 468.54 | 360.41 |
| October 2027 | 480.72 | 369.78 |
| November 2027 | 492.74 | 379.03 |
| December 2027 | 505.06 | 388.51 |
Ircon International Ltd Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 515.16 | 396.28 |
| February 2028 | 528.37 | 406.44 |
| March 2028 | 548.97 | 422.29 |
| April 2028 | 538.21 | 414.01 |
| May 2028 | 522.53 | 401.95 |
| June 2028 | 546.05 | 420.04 |
| July 2028 | 535.34 | 411.80 |
| August 2028 | 551.90 | 424.54 |
| September 2028 | 571.21 | 439.40 |
| October 2028 | 586.07 | 450.82 |
| November 2028 | 600.72 | 462.09 |
| December 2028 | 615.73 | 473.64 |
Ircon International Ltd Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 628.05 | 483.12 |
| February 2029 | 644.15 | 495.50 |
| March 2029 | 669.28 | 514.83 |
| April 2029 | 656.15 | 504.73 |
| May 2029 | 637.04 | 490.03 |
| June 2029 | 665.71 | 512.08 |
| July 2029 | 652.65 | 502.04 |
| August 2029 | 672.84 | 517.57 |
| September 2029 | 696.39 | 535.68 |
| October 2029 | 714.50 | 549.61 |
| November 2029 | 732.36 | 563.35 |
| December 2029 | 750.67 | 577.44 |
Ircon International Ltd Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 765.68 | 588.98 |
| February 2030 | 785.31 | 604.09 |
| March 2030 | 815.94 | 627.65 |
| April 2030 | 799.94 | 615.34 |
| May 2030 | 776.64 | 597.42 |
| June 2030 | 811.59 | 624.30 |
| July 2030 | 795.68 | 612.06 |
| August 2030 | 820.29 | 630.99 |
| September 2030 | 849.00 | 653.07 |
| October 2030 | 871.07 | 670.05 |
| November 2030 | 892.85 | 686.81 |
| December 2030 | 915.17 | 703.98 |
In January 2030, Ircon International Ltd is expected to reach a maximum price of ₹765.68 and a minimum price of ₹588.98. By December 2030, the stock price is projected to rise to a maximum of ₹915.17 and a minimum of ₹703.98.
Ircon International Ltd Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 5,391 | 5,350 | 7,380 | 10,368 | 12,331 |
| Expenses + | 4,787 | 4,845 | 6,795 | 9,664 | 11,407 |
| Operating Profit | 604 | 505 | 585 | 704 | 924 |
| OPM % | 11% | 9% | 8% | 7% | 7% |
| Other Income + | 178 | 188 | 261 | 413 | 586 |
| Interest | 28 | 23 | 62 | 119 | 148 |
| Depreciation | 83 | 92 | 95 | 107 | 100 |
| Profit before tax | 672 | 578 | 689 | 891 | 1,261 |
| Tax % | 28% | 32% | 14% | 14% | 26% |
| Net Profit + | 485 | 391 | 592 | 765 | 930 |
| EPS in Rs | 5.16 | 4.16 | 6.3 | 8.14 | 9.88 |
| Dividend Payout % | 46% | 36% | 40% | 37% | 31% |
Over the financial years from March 2020 to March 2024, Ircon International Limited demonstrated robust growth in its financial performance. Sales increased significantly from ₹5,391 crore in March 2020 to ₹12,331 crore by March 2024. Similarly, expenses grew from ₹4,787 crore to ₹11,407 crore during this period. The company’s operating profit rose from ₹604 crore to ₹924 crore, although the Operating Profit Margin (OPM) remained relatively stable, fluctuating between 7% and 11%.
Other income saw a substantial rise from ₹178 crore to ₹586 crore, contributing positively to the overall profitability. Interest expenses increased from ₹28 crore to ₹148 crore, reflecting higher leverage. Depreciation costs varied, peaking at ₹107 crore before declining to ₹100 crore. Profit before tax grew significantly from ₹672 crore to ₹1,261 crore. The tax rate fluctuated, with a notable decrease to 14% in March 2022 and a rise to 26% by March 2024. Net profit followed a similar upward trend, increasing from ₹485 crore to ₹930 crore, with Earnings Per Share (EPS) growing from ₹5.16 to ₹9.88. The dividend payout ratio decreased from 46% to 31%, indicating a shift towards reinvestment of earnings.
FAQs
1. What is the projected maximum and minimum Ircon International Limited share price for 2025?
Answer: The projected maximum Ircon International Limited share price for 2025 is Rs. Rs 354.91, and the minimum is Rs 232.42.
2. Where can I view the latest Ircon International Limited share price?
Answer: You can view the latest Ircon International Limited share price on the official Ircon International Limited website or on any financial news website.
3. Is investing in Ircon International Limited a good idea?
Answer: Investing in Ircon International Limited is a subjective matter and depends on your risk appetite and the current market conditions.
4. What is the current dividend yield of Ircon International Limited?
Answer: The current dividend yield of Ircon International Limited is 1.12 %.
5. Are there any tax implications when investing in Ircon International Limited?
Answer: Yes, any profits earned from trading in Ircon International Limited shares are subject to tax in India.
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Conclusion
Ircon International Limited has demonstrated strong financial performance and growth from March 2020 to March 2024. The company’s sales have more than doubled, reflecting its successful expansion and project execution. Operating profit and net profit have also seen significant increases, highlighting effective management and profitability. Despite some fluctuations in operating profit margins and dividend payout ratios, Ircon’s financial stability and upward trajectory are clear. The substantial rise in net profit and earnings per share, coupled with a strategic approach to reinvestment, positions Ircon as a robust and promising entity in the infrastructure sector.
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