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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Ircon International Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:22 am

Market Cap 20,529 Cr.
Current Price 218
High / Low 352/164
Stock P/E22.3
Book Value 65.7
Dividend Yield1.42 %
ROCE18.2 %
ROE16.4 %
Face Value 2.00
PEG Ratio1.75

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Incon Engineers Ltd 6.40 Cr. 14.8 24.8/12.5 0.440.00 %72.7 %162 % 10.0
Hittco Tools Ltd 8.22 Cr. 13.4 16.0/9.53 4.590.00 %7.27 %5.66 % 10.0
Harshil Agrotech Ltd 262 Cr. 5.15 13.7/0.4344.0 1.200.00 %16.4 %13.5 % 1.00
Gujarat Toolroom Ltd 242 Cr. 15.1 45.9/10.82.06 14.86.62 %179 %170 % 1.00
GTV Engineering Ltd 164 Cr. 525 640/39525.0 1250.00 %12.7 %13.5 % 10.0
Industry Average4,210.79 Cr558.1741.04132.380.40%29.10%26.17%6.39

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,3542,4221,1421,5231,7622,9532,0022,2392,3473,7812,7172,9872,884
Expenses1,2252,2231,0331,3841,6092,7691,8422,0392,1903,5982,5132,7712,671
Operating Profit129199110139153183160200156183204216213
OPM %10%8%10%9%9%6%8%9%7%5%8%7%7%
Other Income3310942696886798175186111177165
Interest581016192229313033333737
Depreciation23232323232624242436192727
Profit before tax134276119169179221186226178301263328314
Tax %24%38%25%26%24%-9%22%23%-7%15%29%24%22%
Net Profit10217089126136242145174190256187251245
EPS in Rs1.091.810.951.341.442.571.541.852.022.731.992.672.60

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,5524,2943,8973,0382,4933,0674,0244,7985,3915,3507,38010,36811,831
Expenses3,0793,3992,9812,3512,2282,7403,5764,3204,7874,8456,7959,66411,072
Operating Profit473895917687264328448479604505585704760
OPM %13%21%24%23%11%11%11%10%11%9%8%7%6%
Other Income188249253264421313189212178188261413550
Interest711393343596515282362119133
Depreciation5743345731271652839295107106
Profit before tax5981,0901,0978616125565556246725786898911,070
Tax %22%26%32%32%36%31%26%28%28%32%14%14%
Net Profit465805747583393384409450485391592765885
EPS in Rs46.9740.6537.7329.4019.853.884.354.795.164.166.308.149.41
Dividend Payout %20%18%24%31%43%96%47%45%46%36%40%37%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)73.12%-7.20%-21.95%-32.59%-2.29%6.51%10.02%7.78%-19.38%51.41%29.22%
Change in YoY Net Profit Growth (%)0.00%-80.32%-14.75%-10.64%30.30%8.80%3.51%-2.25%-27.16%70.79%-22.18%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:21%
3 Years:32%
TTM:-4%
Compounded Profit Growth
10 Years:2%
5 Years:16%
3 Years:33%
TTM:4%
Stock Price CAGR
10 Years:%
5 Years:41%
3 Years:70%
1 Year:31%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:15%
Last Year:16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital202020209994949494188188188188
Reserves2,4622,9963,2853,6193,7183,6673,8704,0774,3094,4785,0235,6835,990
Borrowings00239003,2003,07703311,3991,5052,5703,385
Other Liabilities3,7573,1973,8934,5005,4155,8106,2786,0096,5208,3828,8219,0048,310
Total Liabilities6,2396,2137,4378,1399,23112,77113,31810,18111,25414,44615,53717,44517,872
Fixed Assets1782167365065245681,8901,9821,9221,8451,8251,7361,725
CWIP7048307554996455301336195491,080
Investments2454344964877817848098038509711,0491,5532,044
Other Assets5,7465,5156,1747,0707,37810,45510,5657,3668,46811,59412,64413,60713,022
Total Assets6,2396,2137,4378,1399,23112,77113,31810,18111,25414,44615,53717,44517,872

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +559-1605021,441919-2,617-1,185-1365181,414-278-79
Cash from Investing Activity +8614-52147-1,834-20616447-785-1,2411,582-720
Cash from Financing Activity +-132-233-222-219-2222,737-93-275169671-223640
Net Cash Flow513-379-2421,269-1,137100-66236-998441,080-158

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow473.00895.00917.00448.00264.00328.00445.00476.00604.00174.00584.00703.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days796172755661513743343024
Inventory Days11117315015715232076
Days Payable570822428406550588477
Cash Conversion Cycle-380-58872-203-193-33751-231-358343024
Working Capital Days-104-81-147-215-175-162-101-85-118-123-45-17
ROCE %52%41%27%18%14%11%9%12%13%14%16%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%65.17%65.17%65.17%65.17%
FIIs2.49%2.23%2.14%1.96%2.71%3.99%5.17%4.01%4.11%4.58%4.17%3.94%
DIIs0.89%1.00%1.07%1.08%1.82%1.87%0.80%0.36%0.93%1.31%2.90%1.63%
Government0.00%0.00%0.00%0.26%0.00%0.26%0.26%0.26%0.26%0.26%0.26%0.26%
Public23.44%23.58%23.60%23.52%22.28%20.71%20.59%22.17%29.51%28.66%27.51%28.99%
No. of Shareholders2,83,4463,10,5673,07,0273,04,4362,89,4862,97,6233,26,0014,70,2755,98,4779,31,49210,22,21312,07,134

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Quantamental Fund1,000,0001.2713.88770,0002024-12-1729.87%
Quant Value Fund770,0001.3910.68770,0002024-12-170%
Nippon India Nifty Smallcap 250 Index Fund153,4810.32.13770,0002024-12-17-80.07%
Motilal Oswal Nifty Smallcap 250 Index Fund96,3620.31.34770,0002024-12-17-87.49%
SBI Nifty Smallcap 250 Index Fund70,7210.30.98770,0002024-12-17-90.82%
Motilal Oswal Nifty 500 Index Fund10,5300.030.15770,0002024-12-17-98.63%
Edelweiss Nifty Smallcap 250 Index Fund3,2540.290.05770,0002024-12-17-99.58%
Groww Nifty Total Market Index Fund5760.020.01770,0002024-12-17-99.93%
Motilal Oswal Nifty 500 ETF4610.030.01770,0002024-12-17-99.94%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.0010.00
Basic EPS (Rs.)9.888.146.304.1651.60
Diluted EPS (Rs.)9.888.146.304.1651.60
Cash EPS (Rs.)10.468.946.679.9657.18
Book Value[Excl.RevalReserv]/Share (Rs.)62.8055.5549.6293.63443.52
Book Value[Incl.RevalReserv]/Share (Rs.)62.8055.5549.6293.63443.52
Revenue From Operations / Share (Rs.)131.11110.2478.47113.60573.26
PBDIT / Share (Rs.)15.5611.548.4314.4280.00
PBIT / Share (Rs.)14.5010.397.4212.4671.18
PBT / Share (Rs.)12.929.146.6811.9768.21
Net Profit / Share (Rs.)9.397.805.668.0048.36
NP After MI And SOA / Share (Rs.)9.888.146.308.3251.60
PBDIT Margin (%)11.8710.4610.7412.6913.95
PBIT Margin (%)11.059.429.4510.9612.41
PBT Margin (%)9.858.298.5110.5311.89
Net Profit Margin (%)7.167.077.217.048.43
NP After MI And SOA Margin (%)7.537.388.027.329.00
Return on Networth / Equity (%)15.8314.6812.698.8811.63
Return on Capital Employeed (%)13.2011.8110.3710.719.84
Return On Assets (%)5.324.924.103.473.76
Long Term Debt / Equity (X)0.410.270.270.070.44
Total Debt / Equity (X)0.430.280.290.070.44
Asset Turnover Ratio (%)0.740.690.570.420.40
Current Ratio (X)1.681.541.331.291.23
Quick Ratio (X)1.651.511.291.271.18
Inventory Turnover Ratio (X)2.381.612.611.671.07
Dividend Payout Ratio (NP) (%)30.3530.1156.3640.4047.04
Dividend Payout Ratio (CP) (%)27.3926.4048.5632.7040.17
Earning Retention Ratio (%)69.6569.8943.6459.6052.96
Cash Earning Retention Ratio (%)72.6173.6051.4467.3059.83
Interest Coverage Ratio (X)9.869.1911.5229.1027.00
Interest Coverage Ratio (Post Tax) (X)6.957.218.7417.1517.32
Enterprise Value (Cr.)18205.561661.58-374.581020.312758.01
EV / Net Operating Revenue (X)1.480.16-0.050.190.51
EV / EBITDA (X)12.441.53-0.471.503.67
MarketCap / Net Operating Revenue (X)1.670.500.500.770.66
Retention Ratios (%)69.6469.8843.6359.5952.95
Price / BV (X)3.511.010.800.940.85
Price / Net Operating Revenue (X)1.670.500.500.770.66
EarningsYield0.040.140.150.090.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 243.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 11.78% compared to the current share price 218.00

Intrinsic Value of as of December 21, 2024 is: 274.81

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 26.06% compared to the current share price 218.00

Last 5 Year EPS CAGR: 12.77%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -114.42, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -173.25, which is a positive sign.
  4. The company has higher reserves (4,090.54 cr) compared to borrowings (1,208.15 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (4.92 cr) and profit (510.69 cr) over the years.
    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
      1. Net Profit Margin: 7.16%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 13.2% (Industry Average ROCE: 27.92%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 15.83% (Industry Average ROE: 22.43%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 6.95
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 1.65
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 22.3 (Industry average Stock P/E: 30.15)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0.43
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    Ircon International Ltd. is a Public Limited Listed company incorporated on 28/04/1976 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L45203DL1976GOI008171 and registration number is 008171. Currently Company is involved in the business activities of Construction roads and railways. Company’s Total Operating Revenue is Rs. 6910.15 Cr. and Equity Capital is Rs. 188.10 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Engineering - GeneralPlot No. C-4, District Centre, New Delhi Delhi 110017info@ircon.org
    http://www.ircon.org
    Management
    NamePosition Held
    Mr. Hari Mohan GuptaChairman & M.D & CEO
    Mrs. Ragini AdvaniDirector - Finance
    Mr. Parag VermaDirector - Works
    Mr. Anand Kumar SinghDirector - Projects
    Mrs. Ranjana UpadhyayInd. Part Time Non Official Director
    Mr. Ajay Kumar ChauhanInd. Part Time Non Official Director
    Mr. Dipendra Kumar GuptaInd. Part Time Non Official Director
    Dr. Kartik Chandulal BhadraInd. Part Time Non Official Director
    Mr. Brijesh Kumar GuptaGovernment Nominee Director
    Mr. Dhananjaya SinghGovernment Nominee Director

    FAQ

    What is the latest intrinsic value of ?

    The latest intrinsic value of as on 21 December 2024 is ₹243.69, which is 11.78% higher than the current market price of ₹218.00. The stock has a market capitalization of 20,529 Cr. and recorded a high/low of 352/164 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,990 Cr and total liabilities of ₹17,872 Cr.

    What is the Market Cap of ?

    The Market Cap of is 20,529 Cr..

    What is the current Stock Price of as on 21 December 2024?

    The current stock price of as on 21 December 2024 is 218.

    What is the High / Low of stocks in FY 2024-2025?

    In FY 2024-2025, the High / Low of stocks is 352/164.

    What is the Stock P/E of ?

    The Stock P/E of is 22.3.

    What is the Book Value of ?

    The Book Value of is 65.7.

    What is the Dividend Yield of ?

    The Dividend Yield of is 1.42 %.

    What is the ROCE of ?

    The ROCE of is 18.2 %.

    What is the ROE of ?

    The ROE of is 16.4 %.

    What is the Face Value of ?

    The Face Value of is 2.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE