Ircon Share Price Target 2024-2030 Fundamentals & Quarterly Results

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IRCON Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results– In 1995, IRCON International Ltd made its foray into the transport and infrastructure sectors. The company, which is a government entity that operates under the Ministry of Railways was set up. Ircon International expanded its reach from India to different countries including Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, UK, Algeria and Sri Lanka.Ircon share Price Target

Latest Update – In the last year same quarter, IRCON International witnessed a 19% rise in its consolidated net profit, which amounted to ₹224 crore, in comparison to ₹187.36 crore previously.

IRCON Overview

From being an ordinary railway construction company in 1976, Ircon International Limited (IRCON) has grown to become an integrated engineering and construction public sector undertaking (PSU) that specializes in large and technologically complicated infrastructure projects for a variety of sectors such as railways, highways etc., evolving its business progressively since 1985.

Company NameIrcon International Limited
Listed atNSE & BSE
Head OfficePLOT No. C – 4, DISTRICT CENTRE SAKET , NEW DELHI, Delhi, India – 110017
Board Of Directors
  • Ajay Kumar Chauhan Ind. Part Time Non Official Director
  • Anand Kumar Singh Director – Projects
  • B Mugunthan Executive Director & CFO
  • Brijesh Kumar Gupta Government Nominee Director
  • Debajyoti Kumar Executive Director -Technical
  • Dhananjaya Singh Government Nominee Director
  • Dipendra Kumar Gupta Ind. Part Time Non Official Director
  • H D Doddaiah Director – Projects
  • Hari Mohan Gupta Chairman & M.D & CEO
  • Kartik Chandulal Bhadra Ind. Part Time Non Official Director
  • Mohinder Singh Director – Projects
  • Naveen Babu Executive Director
  • Parag Verma Director – Works
  • Pooja Gurwala Co. Secretary & Compl. Officer
  • Ragini Advani Director – Finance
  • Rajeev Kumar Sinha Executive Director
  • Ranjana Upadhyay Ind. Part Time Non Official Director
  • Sitesh Kumar Singh Director – Projects
  • Surender Singh Executive Director
  • V K Jayashankar Director – Projects
  • Vinod Kumar Gupta Executive Director – Works
  • Yogesh Kumar Misra Executive Director
Official Website ircon.org

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IRCON Business Profile

It is the single PSU of India and one among five in this country that is listed among the top 250 international contractors; and in terms of having sectoral leadership for public sector construction firms in India related to transport infrastructure, it is specialized for railway projects’ execution under all-in-one contracts.

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Projects and Services

They provide consultancy for project management, engineering, procurement and construction, public-private partnerships and real estate.The company also executes projects on build, operate and transfer (bot)/hybrid annuity mode (ham) basis.

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Manufacturing and Distribution

Saket, New Delhi houses the central office of the company which manages business activities across India through its 54 project offices and 4 regional offices while having 5 foreign project offices located in Sri Lanka, Bangladesh, Malaysia, South Africa and Algeria.

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Customers

Over the last 46 years, they have completed 128+ projects in 25 different countries and more than 401 projects solely within India. Amongst domestic clients are BHEL, NTPC etc., while international clients include the Ministry of Transport of the Govt. of Sri Lanka, Bangladesh Railways etc.

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Order book

The order book position as on Q1FY24, stood at ~₹32,500 crores. ~73% orders are from the Railways, ~21% is from the Highways and ~6% are from others. ~91% order book is for the domestic orders while ~9% is for international ones. Of the total order book, 55% were won through bidding process and ~45% through nomination based process.

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Strategic Alliances

In the previous financial year, FY23 IRCON put pen to paper and penned a JV together with Cochin Port Authority that will allow them bid for a planned Harbour in a foreign nation.

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Ircon Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 24,745 Cr.
Current Price₹ 263
High / Low₹ 352 / 112
Stock P/E25.6
Book Value₹ 62.4
Dividend Yield1.17%
ROCE (Return on Capital Employed)18.2%
ROE (Return on Equity)16.4%
Face Value₹ 2.00
FCF (Free Cash Flow) Previous Year₹ -376 Cr.
Debt to Equity Ratio0.44
Debt (Preceding Year)₹ 1,505 Cr.
Reserves₹ 5,683 Cr.
Quick Ratio1.57
Current Ratio1.61
Free Cash Flow (Current)₹ -887 Cr.

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Ircon Quarterly Results

QuarterJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales2,0022,2392,3473,7812,7642,9872,8843,7872,287
Expenses1,8422,0392,1903,5982,5132,7712,6713,4702,037
Operating Profit160200156183251216213317251
OPM %8%9%7%5%9%7%7%8%11%
Other Income79817518664177165107107
Interest293130333337374148
Depreciation242424361927272727
Profit Before Tax186226178301263328314356282
Tax %22%23%-7%15%29%24%22%31%20%
Net Profit145174190256187251245247224
EPS in ₹1.541.852.022.731.992.672.602.622.38

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CAGR Report

Metric10 Years5 Years3 YearsTTM/1 Year
Compounded Sales Growth12%21%32%7%
Compounded Profit Growth2%16%33%20%
Stock Price CAGR%51%83%132%
Return on Equity13%13%15%16%

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Ircon Shareholding Pattern

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters89.18%73.18%73.18%73.18%65.17%65.17%
FIIs (Foreign Institutional Investors)0.20%1.59%2.23%3.99%4.58%4.17%
DIIs (Domestic Institutional Investors)2.88%0.34%1.00%1.87%1.31%2.90%
Government0.00%0.00%0.00%0.26%0.26%0.26%
Public7.73%24.89%23.58%20.71%28.66%27.51%
No. of Shareholders67,7121,85,1243,10,5672,97,6239,31,49210,22,213

Ircon Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹363.41₹478.61₹547.74
2025₹559₹525₹627
2026₹640₹602₹719
2027₹733₹689₹824
2028₹840₹790₹944
2029₹963₹906₹1081
2030₹1103₹1037₹1237

IRCON Share Price Target 2025

MonthTarget
January₹559
February₹570
March₹581
April₹562
May₹543
June₹525
July₹546
August₹568
September₹591
October₹603
November₹615
December₹627

IRCON Share Price Target 2026

MonthTarget
January₹640
February₹653
March₹666
April₹644
May₹623
June₹602
July₹626
August₹651
September₹677
October₹691
November₹705
December₹719

IRCON Share Price Target 2027

MonthTarget
January₹733
February₹748
March₹763
April₹738
May₹713
June₹689
July₹717
August₹746
September₹776
October₹792
November₹808
December₹824

IRCON Share Price Target 2028

MonthTarget
January₹840
February₹857
March₹874
April₹845
May₹817
June₹790
July₹822
August₹855
September₹889
October₹907
November₹925
December₹944

IRCON Share Price Target 2029

MonthTarget
January₹963
February₹982
March₹1002
April₹969
May₹937
June₹906
July₹942
August₹980
September₹1019
October₹1039
November₹1060
December₹1081

IRCON Share Price Target 2030

MonthTarget
January₹1103
February₹1125
March₹1148
April₹1110
May₹1073
June₹1037
July₹1078
August₹1121
September₹1166
October₹1189
November₹1213
December₹1237

Official Website – ircon.org

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