āagman

Ircon International Ltd

NSE: IRCON
₹101.57
−₹2.57 (−2.47%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹10,028 Cr
CMP
₹101.57
52-wk High / Low
₹186 / 101
P/E
19.2
P/B
1.5
Book Value
₹70.6
Div Yield
1.78%
ROCE
9.0%
ROE
8.2%
Face Value
₹2
D/E
0.86

Price−41.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹94
√(22.5 × EPS × book value per share)
ROIC
3.8%
vs 11.1% sector median
Cash flow to profit
−1.04
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−138
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.4%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.01DII +0.02
Latest quarter vs the previous one
Cash-accrual divergence
5.9%
of assets
Low = accruals track cash flow
Strengths
+PE of 19.2x is below the sector median of 21x
Watch-outs
−Latest ROCE of 9% trails the sector median of 17%
−Price trades below its 200-day moving average (0.7x)
−Price is 45.5% below its 52-week high
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,7642,9872,9303,7872,2872,4482,6133,4121,7861,9772,1193,1891,956
Expenses2,5132,7712,6713,4702,0372,2472,4813,1581,5861,8361,9612,9221,764
Operating Profit251216259317251201132254200141158267192
OPM %9.1%7.2%8.8%8.4%11.0%8.2%5.1%7.4%11.2%7.1%7.5%8.4%9.8%
Other Income641771191071071428610312415611212287
Interest333737414853566275859397107
Depreciation19272727272831323740424445
Profit before tax263328314356282262132263212172135248127
Net Profit1872512452472242068621216413710019192
EPS (₹)1.992.672.602.622.382.190.922.241.751.471.072.040.99

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,0382,4933,0674,0244,7985,3915,3427,38010,36812,51410,7609,0719,241
Expenses2,3512,2282,7403,5764,3204,7874,8456,7959,66411,4069,9128,3038,483
Operating Profit6872643284484796044975857041,108847768758
OPM %22.6%10.6%10.7%11.1%10.0%11.2%9.3%7.9%6.8%8.9%7.9%8.5%8.2%
Other Income264421313189212178196261413403431513476
Interest3343596515282362119149221352382
Depreciation5731271652839295107100118163170
Profit before tax8616125565556246725786898911,261939766682
Net Profit583393384409450485391592765930728592520
EPS (₹)5.883.973.884.354.795.164.166.308.149.887.736.335.57

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital20209994949494188188188188188—
Reserves3,2853,6193,7183,6673,8704,0774,3094,4785,0235,6836,0816,451—
Borrowings239003,2003,07703311,3991,5052,5704,2995,726—
Other Liabilities3,8934,5005,4155,8106,2786,0096,5208,3828,8219,0118,8968,943—
Total Liabilities7,4378,1399,23112,77113,31810,18111,25414,44615,53717,45219,46421,307—
Fixed Assets7365065245681,8901,9821,9221,8451,8251,7362,4533,524—
CWIP30755499645530133619549976595—
Investments4964877817848098038509711,0491,5531,2391,432—
Other Assets6,1747,0707,37810,45510,5657,3668,46811,59412,64413,61414,79615,757—
Total Assets7,4378,1399,23112,77113,31810,18111,25414,44615,53717,45219,46421,307—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−1605021,441919−2,617−1,185−1365181,414−278−79−1,110−618
Cash from Investing Activity14−52147−1,834−20616447−785−1,2411,582−72054−273
Cash from Financing Activity−233−222−219−2222,737−93−275169671−2236401,156801
Net Cash Flow−379−2421,269−1,137100−66236−998441,080−158100−89

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %41.027.018.014.011.09.012.013.014.016.018.012.09.0
ROE %————————————8.2
EPS (₹)37.735.883.973.884.354.795.164.166.308.149.887.735.57
Book Value (₹)————————————70.6
Face Value (₹)————————————2
P/E————————————19.2
Div Yield %————————————1.78
NPM %19.217.713.511.49.79.08.77.17.77.17.26.56.2
OPM %24.023.011.011.011.010.011.09.08.07.09.08.08.0
D/E0.000.070.000.000.850.780.000.080.300.290.440.690.86
P/B————————————1.5

Growth

As of 18 Oct 2026
Compounded sales growth
10 years+14.0%
5 years+11.0%
3 years−4.0%
TTM−10.0%
Compounded profit growth
10 years+3.0%
5 years+6.0%
3 years−12.0%
TTM−22.0%
Stock price CAGR
5 years+18.0%
3 years−12.0%
Last year−37.0%
Return on equity
10 years12.0%
5 years13.0%
3 years12.0%
Last year8.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters89.18%89.18%65.17%65.17%65.17%65.17%65.17%65.17%65.17%65.17%65.17%65.17%65.17%65.17%
FIIs0.28%0.28%4.11%4.58%4.17%3.94%4.09%4.11%4.58%4.61%4.54%4.78%4.61%4.62%
DIIs4.95%4.95%0.93%1.31%2.90%1.63%1.44%1.57%1.60%1.64%1.72%1.79%1.79%1.81%
Government0.00%0.00%0.26%0.26%0.26%0.26%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%
Public5.58%5.58%29.51%28.66%27.51%28.99%29.03%28.88%28.37%28.29%28.28%27.97%28.16%28.12%
No. of shareholders79,35679,3565,98,4779,31,49210,22,21312,07,13412,15,38612,46,91712,01,23511,68,06411,34,13311,06,68810,80,37010,55,399
Change since Jun 2023 (pp)
Promoters −24.01FIIs +4.34DIIs −3.14Public +22.54

Documents

As of 18 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement Under Regulation 30 (LODR)- Updates (Volume Movement)Clarification sought from IRCON International Ltd
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026PPTNov 2025TranscriptNov 2025PPTAug 2025PPT

Corporate actions

As of 17 Sep 2026
17 Sep 2026DIVIDENDDividend - Re 0.70 Per Share—
17 Feb 2026DIVIDENDInterim Dividend - Rs 1.20 Per Share—
11 Sep 2025DIVIDENDDividend - Re 1 Per Share—
17 Feb 2025DIVIDENDInterim Dividend - Rs 1.65 Per Sh—
5 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 1.30 Per Share—
16 Feb 2024DIVIDENDInterim Dividend - Rs 1.80 Per Share—
5 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 1.20 Per Share—
17 Feb 2023DIVIDENDInterim Dividend - Rs 1.80 Per Share—
8 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Re 0.65 Per Share—
21 Feb 2022DIVIDENDInterim Dividend - Rs 0.70 Per Share—
22 Nov 2021DIVIDEND Interim Dividend - Rs 0.70 Per Share—
16 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 1.70 Per Share—
18 Aug 2021DIVIDEND Interim Dividend - Rs 0.45 Per Share—
20 May 2021BONUS Bonus 1:1—
23 Feb 2021DIVIDEND Interim Dividend - Rs 1.30 Per Share—
21 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 2.06 Per Share—
3 Apr 2020SPLIT Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
20 Feb 2020DIVIDEND Interim Dividend - Rs 13.45 Per Share—
26 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 10.825 Per Share—
15 Feb 2019DIVIDEND Interim Dividend - Rs 10.72 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman