Ircon International Limited, founded in 1976 as Indian Railway Construction International Limited by the Indian Railways, is a distinguished public sector enterprise specializing in infrastructure development, particularly in transport. Originally focused on constructing railway projects, Ircon’s scope expanded over time to encompass a wide range of infrastructure projects, leading to a rebranding as Indian Railway International Ltd. in 1995. The company is celebrated for its expertise in executing complex projects in challenging terrains, both within India and internationally. With a track record of over 1,650 major projects completed in India and more than 900 projects across 31 countries, Ircon has made significant contributions to global infrastructure. The Ministry of Finance awarded Ircon the prestigious ‘Navratna’ status in 2023, recognizing its exceptional performance, innovative capabilities, and strategic importance in advancing infrastructure development on a global scale.
Area of business
Ircon International Limited is a leading infrastructure construction firm with a strong focus on several critical areas. The company’s primary expertise lies in railways, where it excels in a wide range of services including the construction of new railway lines, the rehabilitation and conversion of existing lines, and the development of station buildings and facilities. Ircon is also skilled in constructing essential railway infrastructure such as bridges and tunnels, and in providing advanced signalling and telecommunication solutions. Their proficiency extends to railway electrification, which enhances the efficiency and sustainability of railway operations. Additionally, Ircon offers wet leasing services for locomotives, further supporting the railway sector.
In addition to its railway specialization, Ircon has substantial experience in highway construction, contributing to the development of critical road networks. The company is also recognized for its capabilities in EHV (Extra High Voltage) substation engineering and construction, which involves engineering, procurement, and construction services for high-voltage power infrastructure. Furthermore, Ircon’s portfolio includes metro rail projects, demonstrating its ability to handle complex urban transit systems. Through its comprehensive expertise in these areas, Ircon International Limited is well-positioned to manage and execute large-scale infrastructure projects both domestically and internationally.
| 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 |
Ircon International Limited’s shareholding patterns from June 2023 to June 2024 reveal significant changes. Promoters initially held a dominant 73.18% of the shares, but this stake decreased to 65.17% by December 2023, remaining at this level through June 2024. Foreign Institutional Investors (FIIs) saw a slight decrease from 5.17% to 4.17% over the year, with a peak at 4.58% in March 2024. Domestic Institutional Investors (DIIs) increased their holdings notably, from 0.80% to 2.90%. Government ownership remained steady at 0.26%, while the public’s share fluctuated from 20.59% to a peak of 29.51% in December 2023 before settling at 27.51% in June 2024. The number of shareholders surged from 326,001 to 1,022,213, indicating a growing investor base and increased market interest.
Below are the trading platforms that you can use to purchase Ircon International Ltd:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| August 2024 | 296.05 | 257.44 |
| September 2024 | 307.90 | 267.74 |
| October 2024 | 301.86 | 262.49 |
| November 2024 | 313.93 | 272.99 |
| December 2024 | 317.07 | 275.72 |
In 2024, Ircon International Ltd’s projected prices are as follows: In August, the maximum price is projected to be ₹296.05, with a minimum of ₹257.44. By December, the projected maximum price is expected to reach ₹317.07, while the minimum price is anticipated to be ₹275.72.
| When | Maximum Price | Minimum Price |
| January 2025 | 320.24 | 246.34 |
| February 2025 | 323.48 | 248.83 |
| March 2025 | 330.27 | 254.05 |
| April 2025 | 327.00 | 251.54 |
| May 2025 | 317.48 | 244.21 |
| June 2025 | 331.76 | 255.20 |
| July 2025 | 325.26 | 250.20 |
| August 2025 | 335.32 | 257.94 |
| September 2025 | 339.34 | 261.03 |
| October 2025 | 348.16 | 267.82 |
| November 2025 | 356.87 | 274.51 |
| December 2025 | 372.93 | 286.87 |
In 2025, Ircon International Ltd’s expected prices are as follows: In January, the maximum price is expected to be ₹320.24, with a minimum of ₹246.34. By December, the maximum price is expected to rise to ₹372.93, while the minimum price is projected to be ₹286.87.
| When | Maximum Price | Minimum Price |
| January 2026 | 384.12 | 295.47 |
| February 2026 | 374.51 | 288.09 |
| March 2026 | 382.00 | 293.85 |
| April 2026 | 389.80 | 299.85 |
| May 2026 | 385.94 | 296.88 |
| June 2026 | 395.59 | 304.30 |
| July 2026 | 387.83 | 298.33 |
| August 2026 | 399.83 | 307.56 |
| September 2026 | 407.82 | 313.71 |
| October 2026 | 418.43 | 321.87 |
| November 2026 | 428.89 | 329.91 |
| December 2026 | 439.61 | 338.16 |
| When | Maximum Price | Minimum Price |
| January 2027 | 444.00 | 341.54 |
| February 2027 | 455.39 | 350.30 |
| March 2027 | 473.15 | 363.96 |
| April 2027 | 463.87 | 356.82 |
| May 2027 | 450.36 | 346.43 |
| June 2027 | 470.63 | 362.02 |
| July 2027 | 461.40 | 354.92 |
| August 2027 | 475.67 | 365.90 |
| September 2027 | 492.32 | 378.71 |
| October 2027 | 505.12 | 388.55 |
| November 2027 | 517.75 | 398.27 |
| December 2027 | 530.69 | 408.22 |
| When | Maximum Price | Minimum Price |
| January 2028 | 541.30 | 416.39 |
| February 2028 | 555.18 | 427.06 |
| March 2028 | 576.84 | 443.72 |
| April 2028 | 565.53 | 435.02 |
| May 2028 | 549.05 | 422.35 |
| June 2028 | 573.76 | 441.35 |
| July 2028 | 562.51 | 432.70 |
| August 2028 | 579.91 | 446.08 |
| September 2028 | 600.20 | 461.70 |
| October 2028 | 615.81 | 473.70 |
| November 2028 | 631.21 | 485.54 |
| December 2028 | 646.99 | 497.68 |
| When | Maximum Price | Minimum Price |
| January 2029 | 659.93 | 507.63 |
| February 2029 | 676.85 | 520.65 |
| March 2029 | 703.24 | 540.96 |
| April 2029 | 689.45 | 530.35 |
| May 2029 | 669.37 | 514.90 |
| June 2029 | 699.49 | 538.07 |
| July 2029 | 685.78 | 527.52 |
| August 2029 | 706.99 | 543.84 |
| September 2029 | 731.73 | 562.87 |
| October 2029 | 750.76 | 577.51 |
| November 2029 | 769.53 | 591.94 |
| December 2029 | 788.77 | 606.74 |
| When | Maximum Price | Minimum Price |
| January 2030 | 804.54 | 618.88 |
| February 2030 | 825.17 | 634.75 |
| March 2030 | 857.35 | 659.50 |
| April 2030 | 840.54 | 646.57 |
| May 2030 | 816.06 | 627.74 |
| June 2030 | 852.78 | 655.99 |
| July 2030 | 836.06 | 643.12 |
| August 2030 | 861.92 | 663.01 |
| September 2030 | 892.09 | 686.22 |
| October 2030 | 915.28 | 704.06 |
| November 2030 | 938.16 | 721.66 |
| December 2030 | 961.62 | 739.70 |
In 2030, Ircon International Ltd’s expected prices are as follows: In January, the maximum price is expected to be ₹804.54, with a minimum of ₹618.88. By December, the maximum price is expected to rise to ₹961.62, while the minimum price is projected to be ₹739.70.
Ircon International Ltd Financial Condition
| Financial Metrics | 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 showed significant growth. Sales increased from ₹5,391 crore to ₹12,331 crore, while expenses rose from ₹4,787 crore to ₹11,407 crore. Operating profit grew from ₹604 crore to ₹924 crore, with the Operating Profit Margin (OPM) fluctuating between 7% and 11%.
Other income increased substantially from ₹178 crore to ₹586 crore, although interest expenses also rose from ₹28 crore to ₹148 crore. Depreciation costs varied, peaking at ₹107 crore before decreasing to ₹100 crore. Profit before tax grew from ₹672 crore to ₹1,261 crore, with the tax rate fluctuating and ending at 26%.
Net profit increased from ₹485 crore to ₹930 crore, and Earnings Per Share (EPS) rose from ₹5.16 to ₹9.88. The dividend payout ratio decreased from 46% to 31%, indicating a focus on reinvestment. Overall, Ircon International Limited demonstrated robust financial growth and effective management.
FAQs
Answer: The projected maximum Ircon International Limited share price for 2025 is Rs. Rs 372.93, and the minimum is Rs 244.21.
Answer: You can view the latest Ircon International Limited share price on the official Ircon International Limited website or on any financial news website.
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.
What is the current dividend yield of Ircon International Limited?
Answer: The current dividend yield of Ircon International Limited is 0.66 %.
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Conclusion
Ircon International Limited has experienced Strong financial growth between March 2020 and March 2024. Sales surged from ₹5,391 crore to ₹12,331 crore, and net profit increased from ₹485 crore to ₹930 crore. Operating profit grew significantly from ₹604 crore to ₹924 crore, while EPS rose from ₹5.16 to ₹9.88. Despite rising expenses, the company’s effective management and strategic reinvestment, as evidenced by the reduced dividend payout ratio, underscore its strong financial health and promising future.
What did we learn?
- 1 Area of business
- 2 Shareholding Patterns of Ircon International Limited
- 3 How to Purchase Ircon International Ltd Shares?
- 4 Ircon International Ltd Share Price Prediction 2024, 2025 to 2030
- 4.1 Ircon International Ltd Share Price Prediction 2024
- 4.2 Ircon International Ltd Share Price Prediction 2025
- 4.3 Ircon International Ltd Share Price Prediction 2026
- 4.4 Ircon International Ltd Share Price Prediction 2027
- 4.5 Ircon International Ltd Share Price Prediction 2028
- 4.6 Ircon International Ltd Share Price Prediction 2029
- 4.7 Ircon International Ltd Share Price Prediction 2030
- 5 Ircon International Ltd Financial Condition
- 6 FAQs
- 7 Conclusion
