IRCON Share Price Target for 2024, 2025, 2026, 2027, 2028

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 is a leading player in the Indian infrastructure sector and has executed over 1500 projects across India and abroad. The company has a strong track record of project execution and is known for its quality, safety, and timely completion of projects. IRCON is a recipient of numerous awards and accolades, including the prestigious National Safety Award and the EIRI Award for Excellence in Construction.

IRCON is committed to sustainable development and has adopted various eco-friendly practices in its projects. The company is also committed to social responsibility and has undertaken various initiatives to support the communities in which it operates.

IRCON is a well-established and financially strong company with a strong order book. The company is poised for further growth in the coming years as the Indian government continues to invest heavily in infrastructure development.

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 Share Price Target-

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.

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