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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ircon International Ltd

About the Company - Ircon International Ltd

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. Brijesh Kumar GuptaChairman & M.D & CEO
Mrs. Ragini AdvaniDirector - Finance
Mr. Dhananjaya SinghGovernment Nominee Director
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. Parag VermaDirector - Works
Mr. Anand Kumar SinghDirector - Projects

Basic Stock Data of Ircon International Ltd

Last Updated: June 22, 2024, 10:40 pm

Market Cap 25,996 Cr.
Current Price 276
High / Low301/79.0
Stock P/E28.0
Book Value 62.4
Dividend Yield1.09 %
ROCE18.5 %
ROE16.8 %
Face Value 2.00
PEG Ratio2.19

Ircon International Ltd Quarterly Results

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: June 6, 2024, 7:20 am

Ircon International Ltd Quarterly Chart

Ircon International Ltd Profit & Loss

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%

Ircon International Ltd Profit & Loss Yearly Chart

Ircon International Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:21%
3 Years:24%
TTM:30%
Compounded Profit Growth
10 Years:-1%
5 Years:13%
3 Years:18%
TTM:25%
Stock Price CAGR
10 Years:%
5 Years:44%
3 Years:79%
1 Year:197%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:13%
Last Year:15%

Last Updated: April 29, 2024, 3:11 pm

Ircon International Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10202020209994949494188188188
Reserves1,7252,4622,9963,2853,6193,7183,6673,8704,0774,3094,4785,0235,355
Borrowings000239003,2003,07703311,3991,5051,680
Other Liabilities3,5713,7573,1973,8934,5005,4155,8106,2786,0096,5208,3828,8219,188
Total Liabilities5,3066,2396,2137,4378,1399,23112,77113,31810,18111,25414,44615,53716,411
Fixed Assets1931782167365065245681,8901,9821,9221,8451,8251,766
CWIP5970483075549964553013361964
Investments2032454344964877817848098038509711,0491,298
Other Assets4,8505,7465,5156,1747,0707,37810,45510,5657,3668,46811,59412,64413,282
Total Assets5,3066,2396,2137,4378,1399,23112,77113,31810,18111,25414,44615,53716,411

Ircon International Ltd Reserves and Borrowings Chart

Ircon International Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 603559-1605021,441919-2,617-1,185-1365181,414-168
Cash from Investing Activity 558614-52147-1,834-20616447-785-1,2411,472
Cash from Financing Activity -62-132-233-222-219-2222,737-93-275169671-223
Net Cash Flow595513-379-2421,269-1,137100-66236-998441,080

Ircon International Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days867961727556615137433430
Inventory Days11117315015715232076
Days Payable570822428406550588477
Cash Conversion Cycle86-380-58872-203-193-33751-231-3583430
Working Capital Days-121-104-81-147-215-175-162-101-85-118-123-42
ROCE %39%52%41%27%18%14%11%9%12%13%14%16%

Ircon International Ltd Financial Efficiency Indicators Chart

Ircon International Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%65.17%65.17%
FIIs2.24%2.30%2.49%2.23%2.14%1.96%2.71%3.99%5.17%4.01%4.11%4.58%
DIIs0.94%0.80%0.89%1.00%1.07%1.08%1.82%1.87%0.80%0.36%0.93%1.31%
Government0.00%0.00%0.00%0.00%0.00%0.26%0.00%0.26%0.26%0.26%0.26%0.26%
Public23.64%23.71%23.44%23.58%23.60%23.52%22.28%20.71%20.59%22.17%29.51%28.66%
No. of Shareholders2,39,6232,72,8092,83,4463,10,5673,07,0273,04,4362,89,4862,97,6233,26,0014,70,2755,98,4779,31,492

Ircon International Ltd Shareholding Pattern Chart

No. of Ircon International Ltd Shareholders

Ircon International Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Quantamental Fund1,000,0001.2713.885762024-06-22173511.11%
Quant Value Fund770,0001.3910.685762024-06-22133580.56%
Nippon India Nifty Smallcap 250 Index Fund153,4810.32.135762024-06-2226546.01%
Motilal Oswal Nifty Smallcap 250 Index Fund96,3620.31.345762024-06-2216629.51%
SBI Nifty Smallcap 250 Index Fund70,7210.30.985762024-06-2212177.95%
Motilal Oswal Nifty 500 Index Fund10,5300.030.155762024-06-221728.13%
Edelweiss Nifty Smallcap 250 Index Fund3,2540.290.055762024-06-22464.93%
Groww Nifty Total Market Index Fund5760.020.015762024-06-220%
Motilal Oswal Nifty 500 ETF4610.030.015762024-06-22-19.97%

Ircon International Ltd ROCE Trend

Ircon International Ltd EPS Trend

Ircon International Ltd 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 (%)0.740.700.570.420.40
Current Ratio (X)1.681.541.331.291.23
Quick Ratio (X)1.651.511.291.271.18
Inventory Turnover Ratio (X)2.381.622.611.671.07
Dividend Payout Ratio (NP) (%)0.0030.1156.3640.4047.04
Dividend Payout Ratio (CP) (%)0.0026.4048.5632.7040.17
Earning Retention Ratio (%)0.0069.8943.6459.6052.96
Cash Earning Retention Ratio (%)0.0073.6051.4467.3059.83
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 (%)0.0069.8843.6359.5952.95
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

Ircon International Ltd Profitability Ratios (%)

Ircon International Ltd Liquidity Ratios

Ircon International Ltd Liquidity Ratios (%)

Ircon International Ltd Interest Coverage Ratios (%)

Ircon International Ltd Valuation Ratios

Fair Value

Fair Value: 296.73

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.

Undervalued: 7.51% compared to the current price 276

Intrinsic Value: 334.62

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 21.24% compared to the current price ₹276

Last 5 Year EPS CAGR: 12.77%

*Investments are subject to market risks

Strength and Weakness of Ircon International Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 22.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -122.83, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -168.08, which is a positive sign.
  4. The company has higher reserves (3,737.23 cr) compared to borrowings (879.31 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.

    FAQ

    What is the latest fair value of Ircon International Ltd?

    The latest fair value of Ircon International Ltd is ₹296.73.

    What is the Market Cap of Ircon International Ltd?

    The Market Cap of Ircon International Ltd is 25,996 Cr..

    What is the current Stock Price of Ircon International Ltd as on 23 June 2024?

    The current stock price of Ircon International Ltd as on 23 June 2024 is ₹276.

    What is the High / Low of Ircon International Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Ircon International Ltd stocks is 301/79.0.

    What is the Stock P/E of Ircon International Ltd?

    The Stock P/E of Ircon International Ltd is 28.0.

    What is the Book Value of Ircon International Ltd?

    The Book Value of Ircon International Ltd is 62.4.

    What is the Dividend Yield of Ircon International Ltd?

    The Dividend Yield of Ircon International Ltd is 1.09 %.

    What is the ROCE of Ircon International Ltd?

    The ROCE of Ircon International Ltd is 18.5 %.

    What is the ROE of Ircon International Ltd?

    The ROE of Ircon International Ltd is 16.8 %.

    What is the Face Value of Ircon International Ltd?

    The Face Value of Ircon International Ltd 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 Ircon International Ltd. 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