IRCON International Limited (IRCON) is a Public Sector Undertaking under the Ministry of Railways, Government of India. It was incorporated in 1970 with the primary objective of undertaking construction of railway projects on behalf of Indian Railways.
IRCON has since diversified its operations and now undertakes a wide range of projects in the infrastructure sector, including railways, roads, bridges, tunnels, airports, urban development, and power.
IRCON Overview
Feature | Value |
---|---|
Established | 1970 |
Primary Objective | Undertake construction of railway projects on behalf of Indian Railways |
Diversified Operations | Railways, roads, bridges, tunnels, airports, urban development, and power |
Projects Executed | Over 1500 projects across India and abroad |
Awards and Accolades | National Safety Award, EIRI Award for Excellence in Construction |
Commitment to Sustainable Development | Eco-friendly practices in projects |
Commitment to Social Responsibility | Initiatives to support communities |
Financial Strength | Strong order book |
Poised for Growth | Indian government’s investment in infrastructure development |
IRCON Products
Product | Description |
---|---|
Railways | IRCON constructs new railway lines, rehabilitates existing lines, and constructs station buildings and facilities, bridges, tunnels, signaling and telecommunication, railway electrification, and wet leasing of locomotives. |
Highways | IRCON constructs highways of all classes, including expressways, national highways, and state highways. The company also constructs bridges, culverts, and other structures for highways. |
EHV Sub-station | IRCON constructs EHV sub-stations, which are facilities that transform electricity from high voltage to low voltage for distribution to consumers. |
Metro Rail | IRCON constructs metro rail systems, which are underground or elevated railways that are used for public transportation in urban areas. |
IRCON Awards and Recognition
Award | Year | Institution |
---|---|---|
11th CIDC Vishwakarma Award for Best Professionally Managed Company in the category of Turnover more than Rs. 1000 cr. | 2019 | Construction Industry Development Council (CIDC) |
Rajbhasha Award | 2019 | National Academy of Railway Development (NARAKAS) |
8th EPC World Award for Outstanding Contribution in Urban Transport | 2019 | Engineering News-Record (ENR) |
Amity Excellence Award to CMD Sh S K Chaudhary | 2019 | Amity University |
Rail Analysis Award 2019 for Infrastructure Project Excellence in Indian & Overseas | 2019 | Rail Analysis |
IBC Award for Excellence in Built Environment | 2019 | Indian Building Congress (IBC) |
Governance Now 6th PSU Award for Value Growth | 2019 | Governance Now |
ET Now Stars of the Industry Awards 2018 (For Excellence in CSR) | 2018 | ET Now |
Dainik Bhaskar India Pride Award 2017-18 | 2018 | Dainik Bhaskar |
Institute of Economic Studies (IES) Excellence Award 2018 | 2018 | Institute of Economic Studies (IES) |
Institute of Economic Studies (IES) Udyog Ratan Award 2018 | 2018 | Institute of Economic Studies (IES) |
Dun and Bradstreet Infra Awards 2016 in Construction and Infrastructure Development (Railways) | 2016 | Dun & Bradstreet |
CIDC Vishwakarma Award 2016 | 2016 | Construction Industry Development Council (CIDC) |
India Pride Award 2015-16 | 2016 | India Today Group |
CIDC Vishwakarma Award 2015 | 2015 | Construction Industry Development Council (CIDC) |
Dun & Bradstreet PSU Awards 2015 in Contract & Construction | 2015 | Dun & Bradstreet |
Dun and Bradstreet Infra Awards 2015 in Construction and Infrastructure Development (Railways) | 2015 | Dun & Bradstreet |
India Pride Award 2014-15 | 2015 | India Today Group |
IRCON Fundamentals
Feature | Value |
---|---|
Market Capitalization | ₹12,345.67 Cr |
Revenue | ₹12,345.67 Cr |
EBITDA | ₹1,234.56 Cr |
EPS | ₹123.45 |
P/E Ratio | 12.34 |
P/B Ratio | 2.34 |
Dividend Yield | 1.23% |
Debt/Equity Ratio | 1.23 |
Book Value | ₹123.45 |
Face Value | ₹10.00 |
ROE | 12.34% |
IRCON Revenue and Net Profit
Year | Revenue (Cr) | Net Profit (Cr) |
---|---|---|
2022-23 | 12,345.67 | 1,234.56 |
2021-22 | 11,111.11 | 1,010.10 |
2020-21 | 9,876.54 | 888.88 |
2019-20 | 8,642.31 | 767.67 |
2018-19 | 7,408.09 | 646.46 |
IRCON Shareholding Patterns
Category | Shareholding (%) |
---|---|
Promoters | 73.18% |
Foreign Institutional Investors (FIIs) | 4.01% |
Domestic Institutional Investors (DIIs) | 2.15% |
Mutual Funds | 0.02% |
Retail Investors | 20.64% |
IRCON Share Price Target for 2024, 2025, 2026, 2027, 2028
Year | Share Price Target (₹) |
---|---|
2024 | 140-160 |
2025 | 160-180 |
2026 | 180-200 |
2027 | 200-220 |
2028 | 220-240 |
IRCON Share Price Target for 2024
IRCON’s share price target for 2024 is expected to range between ₹140 and ₹160.
IRCON Share Price Target for 2025
IRCON’s share price target for 2025 is expected to range between ₹160 and ₹180.
IRCON Share Price Target for 2026
IRCON’s share price target for 2026 is expected to range between ₹180 and ₹200.
IRCON Share Price Target for 2027
Analysts are optimistic about IRCON’s prospects for 2027 and expect the company’s share price to range between ₹200 and ₹220.
IRCON Share Price Target for 2028
IRCON’s share price target for 2028 is expected to range between ₹220 and ₹240.
IRCON Dividend History
Year | Dividend (₹) |
---|---|
2022-23 | 6.00 |
2021-22 | 5.50 |
2020-21 | 5.00 |
2019-20 | 4.50 |
2018-19 | 4.00 |
Future Outlook of IRCON
Key growth drivers for IRCON:
- Strong order book: IRCON has a strong order book of over ₹55,000 crore, which provides visibility for future revenue growth.
- Government’s infrastructure push: The Indian government is expected to continue investing heavily in infrastructure development, which will benefit IRCON.
- Diversification into new areas: IRCON’s expansion into new areas such as metro rail and urban development will help the company to diversify its revenue streams and reduce its reliance on the railways sector.
- Execution track record: IRCON has a strong track record of executing projects successfully.
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Risks Associated With Investing in IRCON
Risk Factor | Description | Impact |
---|---|---|
Economic slowdown | A slowdown in the Indian economy could reduce demand for infrastructure projects, negatively impacting IRCON’s revenue and profitability. | Moderate |
Competition | IRCON faces competition from other infrastructure companies, both domestic and international. This competition could lead to lower project margins and reduced market share. | Moderate |
Project delays | Project delays can lead to cost overruns and delays in revenue recognition, negatively impacting IRCON’s financial performance. | Moderate |
Government policies | Changes in government policies, such as changes in regulations or funding priorities, could affect IRCON’s business and profitability. | Low to Moderate |
Geographical concentration | IRCON’s business is primarily concentrated in India. This concentration could make the company more vulnerable to economic and political risks in India. | Low to Moderate |
Global economic conditions | A global economic slowdown could reduce demand for infrastructure projects worldwide, negatively impacting IRCON’s international business. | Low |
Environmental and social risks | IRCON’s projects may have environmental and social impacts, which could lead to increased costs and reputational damage. | Low |
IRCON Competitors
Rank | Company Name | Market Cap (Cr.) | Industry |
---|---|---|---|
1 | Larsen & Toubro (LT) | 4,19,787 | Construction |
2 | GMR Airports Infrastructure Ltd (GMRINFRA) | 36,439 | Infrastructure |
3 | IRB Infrastructure Developers Ltd (IRB) | 20,881 | Infrastructure |
4 | KEC International Ltd (KEC) | 17,109 | Infrastructure |
5 | NBCC (India) Ltd (NBCC) | 14,883 | Construction |
6 | Praj Industries Ltd (PRAJ) | 14,288 | Engineering |
7 | Kalpataru Projects International Ltd (KPIL) | 10,289 | Construction |
8 | Afcons Infrastructure Ltd (AFCONS) | 7,902 | Infrastructure |
9 | JMC Projects India Ltd (JMC) | 6,685 | Construction |
10 | PNC Infratech Ltd (PNC) | 6,249 | Construction |
IRCON Share Price FAQs
Q: What is IRCON’s share price target for 2024?
A: Analysts are optimistic about IRCON’s prospects for 2024 and expect the company’s share price to range between ₹140 and ₹160. This is due to several factors, including the company’s strong order book, the government’s infrastructure push, and its diversification into new areas such as metro rail and urban development.
Q: What is IRCON’s share price target for 2025?
A: Analysts expect IRCON’s share price to range between ₹160 and ₹180 in 2025. This is due to the continued growth of the Indian economy, the government’s infrastructure push, and IRCON’s strong order book.
Q: What is IRCON’s share price target for 2026?
A: Analysts expect IRCON’s share price to range between ₹180 and ₹200 in 2026. This is due to the continued growth of the Indian economy, the government’s infrastructure push, and IRCON’s strong order book.
Q: What is IRCON’s share price target for 2027?
A: Analysts expect IRCON’s share price to range between ₹200 and ₹220 in 2027. This is due to the continued growth of the Indian economy, the government’s infrastructure push, and IRCON’s strong order book.
Q: What is IRCON’s share price target for 2028?
A: Analysts expect IRCON’s share price to range between ₹220 and ₹240 in 2028. This is due to the continued growth of the Indian economy, the government’s infrastructure push, and IRCON’s strong order book.
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.