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.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	Plot No. C-4, District Centre, New Delhi Delhi 110017	info@ircon.org http://www.ircon.org

Management
Name	Position Held
Mr. Brijesh Kumar Gupta	Chairman & M.D & CEO
Mrs. Ragini Advani	Director - Finance
Mr. Dhananjaya Singh	Government Nominee Director
Mrs. Ranjana Upadhyay	Ind. Part Time Non Official Director
Mr. Ajay Kumar Chauhan	Ind. Part Time Non Official Director
Mr. Dipendra Kumar Gupta	Ind. Part Time Non Official Director
Dr. Kartik Chandulal Bhadra	Ind. Part Time Non Official Director
Mr. Parag Verma	Director - Works
Mr. Anand Kumar Singh	Director - Projects

Basic Stock Data of Ircon International Ltd

Last Updated: July 26, 2024, 10:32 pm

Market Cap	25,817 Cr.
Current Price	275
High / Low	352/91.8
Stock P/E	27.8
Book Value	62.4
Dividend Yield	1.09 %
ROCE	18.5 %
ROE	16.8 %
Face Value	2.00
PEG Ratio	2.18

Data Source: screener.in

Ircon International Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	1,354	2,422	1,142	1,523	1,762	2,953	2,002	2,239	2,347	3,781	2,717	2,987	2,884
Expenses	1,225	2,223	1,033	1,384	1,609	2,769	1,842	2,039	2,190	3,598	2,513	2,771	2,671
Operating Profit	129	199	110	139	153	183	160	200	156	183	204	216	213
OPM %	10%	8%	10%	9%	9%	6%	8%	9%	7%	5%	8%	7%	7%
Other Income	33	109	42	69	68	86	79	81	75	186	111	177	165
Interest	5	8	10	16	19	22	29	31	30	33	33	37	37
Depreciation	23	23	23	23	23	26	24	24	24	36	19	27	27
Profit before tax	134	276	119	169	179	221	186	226	178	301	263	328	314
Tax %	24%	38%	25%	26%	24%	-9%	22%	23%	-7%	15%	29%	24%	22%
Net Profit	102	170	89	126	136	242	145	174	190	256	187	251	245
EPS in Rs	1.09	1.81	0.95	1.34	1.44	2.57	1.54	1.85	2.02	2.73	1.99	2.67	2.60

Last Updated: July 12, 2024, 11:20 am

Ircon International Ltd Quarterly Chart

Ircon International Ltd Profit & Loss

Last Updated: July 10, 2024, 6:29 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	3,552	4,294	3,897	3,038	2,493	3,067	4,024	4,798	5,391	5,350	7,380	10,368	11,831
Expenses	3,079	3,399	2,981	2,351	2,228	2,740	3,576	4,320	4,787	4,845	6,795	9,664	11,072
Operating Profit	473	895	917	687	264	328	448	479	604	505	585	704	760
OPM %	13%	21%	24%	23%	11%	11%	11%	10%	11%	9%	8%	7%	6%
Other Income	188	249	253	264	421	313	189	212	178	188	261	413	550
Interest	7	11	39	33	43	59	65	15	28	23	62	119	133
Depreciation	57	43	34	57	31	27	16	52	83	92	95	107	106
Profit before tax	598	1,090	1,097	861	612	556	555	624	672	578	689	891	1,070
Tax %	22%	26%	32%	32%	36%	31%	26%	28%	28%	32%	14%	14%
Net Profit	465	805	747	583	393	384	409	450	485	391	592	765	885
EPS in Rs	46.97	40.65	37.73	29.40	19.85	3.88	4.35	4.79	5.16	4.16	6.30	8.14	9.41
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:	12%
5 Years:	21%
3 Years:	32%
TTM:	19%

Compounded Profit Growth
10 Years:	2%
5 Years:	16%
3 Years:	34%
TTM:	22%

Stock Price CAGR
10 Years:	%
5 Years:	51%
3 Years:	87%
1 Year:	202%

Return on Equity
10 Years:	13%
5 Years:	13%
3 Years:	15%
Last Year:	17%

Last Updated: July 25, 2024, 5:23 am

Ircon International Ltd Balance Sheet

Last Updated: July 10, 2024, 6:29 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	10	20	20	20	20	99	94	94	94	94	188	188	188
Reserves	1,725	2,462	2,996	3,285	3,619	3,718	3,667	3,870	4,077	4,309	4,478	5,023	5,355
Borrowings	0	0	0	239	0	0	3,200	3,077	0	331	1,399	1,505	1,680
Other Liabilities	3,571	3,757	3,197	3,893	4,500	5,415	5,810	6,278	6,009	6,520	8,382	8,821	9,188
Total Liabilities	5,306	6,239	6,213	7,437	8,139	9,231	12,771	13,318	10,181	11,254	14,446	15,537	16,411
Fixed Assets	193	178	216	736	506	524	568	1,890	1,982	1,922	1,845	1,825	1,766
CWIP	59	70	48	30	75	549	964	55	30	13	36	19	64
Investments	203	245	434	496	487	781	784	809	803	850	971	1,049	1,298
Other Assets	4,850	5,746	5,515	6,174	7,070	7,378	10,455	10,565	7,366	8,468	11,594	12,644	13,282
Total Assets	5,306	6,239	6,213	7,437	8,139	9,231	12,771	13,318	10,181	11,254	14,446	15,537	16,411

Ircon International Ltd Reserves and Borrowings Chart

Ircon International Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	559	-160	502	1,441	919	-2,617	-1,185	-136	518	1,414	-168	-79
Cash from Investing Activity	86	14	-521	47	-1,834	-20	616	447	-785	-1,241	1,472	-705
Cash from Financing Activity	-132	-233	-222	-219	-222	2,737	-93	-275	169	671	-223	640
Net Cash Flow	513	-379	-242	1,269	-1,137	100	-662	36	-99	844	1,080	-144

Ircon International Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	86	79	61	72	75	56	61	51	37	43	34	30
Inventory Days		111	173		150	157	152		320	76
Days Payable		570	822		428	406	550		588	477
Cash Conversion Cycle	86	-380	-588	72	-203	-193	-337	51	-231	-358	34	30
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

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	73.18%	73.18%	73.18%	73.18%	73.18%	73.18%	73.18%	73.18%	73.18%	65.17%	65.17%	65.17%
FIIs	2.30%	2.49%	2.23%	2.14%	1.96%	2.71%	3.99%	5.17%	4.01%	4.11%	4.58%	4.17%
DIIs	0.80%	0.89%	1.00%	1.07%	1.08%	1.82%	1.87%	0.80%	0.36%	0.93%	1.31%	2.90%
Government	0.00%	0.00%	0.00%	0.00%	0.26%	0.00%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%
Public	23.71%	23.44%	23.58%	23.60%	23.52%	22.28%	20.71%	20.59%	22.17%	29.51%	28.66%	27.51%
No. of Shareholders	2,72,809	2,83,446	3,10,567	3,07,027	3,04,436	2,89,486	2,97,623	3,26,001	4,70,275	5,98,477	9,31,492	10,22,213

Ircon International Ltd Shareholding Pattern Chart

No. of Ircon International Ltd Shareholders

Ircon International Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Quantamental Fund	1,000,000	1.27	13.88	1,000,000	2024-07-26	0%
Quant Value Fund	770,000	1.39	10.68	1,000,000	2024-07-26	-23%
Nippon India Nifty Smallcap 250 Index Fund	153,481	0.3	2.13	1,000,000	2024-07-26	-84.65%
Motilal Oswal Nifty Smallcap 250 Index Fund	96,362	0.3	1.34	1,000,000	2024-07-26	-90.36%
SBI Nifty Smallcap 250 Index Fund	70,721	0.3	0.98	1,000,000	2024-07-26	-92.93%
Motilal Oswal Nifty 500 Index Fund	10,530	0.03	0.15	1,000,000	2024-07-26	-98.95%
Edelweiss Nifty Smallcap 250 Index Fund	3,254	0.29	0.05	1,000,000	2024-07-26	-99.67%
Groww Nifty Total Market Index Fund	576	0.02	0.01	1,000,000	2024-07-26	-99.94%
Motilal Oswal Nifty 500 ETF	461	0.03	0.01	1,000,000	2024-07-26	-99.95%

Ircon International Ltd ROCE Trend

Ircon International Ltd EPS Trend

Ircon International Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	9.88	8.14	6.30	4.16	51.60
Diluted EPS (Rs.)	9.88	8.14	6.30	4.16	51.60
Cash EPS (Rs.)	10.46	8.94	6.67	9.96	57.18
Book Value[Excl.RevalReserv]/Share (Rs.)	62.80	55.55	49.62	93.63	443.52
Book Value[Incl.RevalReserv]/Share (Rs.)	62.80	55.55	49.62	93.63	443.52
Revenue From Operations / Share (Rs.)	131.11	110.24	78.47	113.60	573.26
PBDIT / Share (Rs.)	15.56	11.54	8.43	14.42	80.00
PBIT / Share (Rs.)	14.50	10.39	7.42	12.46	71.18
PBT / Share (Rs.)	12.92	9.14	6.68	11.97	68.21
Net Profit / Share (Rs.)	9.39	7.80	5.66	8.00	48.36
NP After MI And SOA / Share (Rs.)	9.88	8.14	6.30	8.32	51.60
PBDIT Margin (%)	11.87	10.46	10.74	12.69	13.95
PBIT Margin (%)	11.05	9.42	9.45	10.96	12.41
PBT Margin (%)	9.85	8.29	8.51	10.53	11.89
Net Profit Margin (%)	7.16	7.07	7.21	7.04	8.43
NP After MI And SOA Margin (%)	7.53	7.38	8.02	7.32	9.00
Return on Networth / Equity (%)	15.83	14.68	12.69	8.88	11.63
Return on Capital Employeed (%)	13.20	11.81	10.37	10.71	9.84
Return On Assets (%)	5.32	4.92	4.10	3.47	3.76
Long Term Debt / Equity (X)	0.41	0.27	0.27	0.07	0.44
Total Debt / Equity (X)	0.43	0.28	0.29	0.07	0.44
Asset Turnover Ratio (%)	0.74	0.70	0.57	0.42	0.40
Current Ratio (X)	1.68	1.54	1.33	1.29	1.23
Quick Ratio (X)	1.65	1.51	1.29	1.27	1.18
Inventory Turnover Ratio (X)	2.38	1.62	2.61	1.67	1.07
Dividend Payout Ratio (NP) (%)	0.00	30.11	56.36	40.40	47.04
Dividend Payout Ratio (CP) (%)	0.00	26.40	48.56	32.70	40.17
Earning Retention Ratio (%)	0.00	69.89	43.64	59.60	52.96
Cash Earning Retention Ratio (%)	0.00	73.60	51.44	67.30	59.83
Interest Coverage Ratio (X)	9.86	9.19	11.52	29.10	27.00
Interest Coverage Ratio (Post Tax) (X)	6.95	7.21	8.74	17.15	17.32
Enterprise Value (Cr.)	18205.56	1661.58	-374.58	1020.31	2758.01
EV / Net Operating Revenue (X)	1.48	0.16	-0.05	0.19	0.51
EV / EBITDA (X)	12.44	1.53	-0.47	1.50	3.67
MarketCap / Net Operating Revenue (X)	1.67	0.50	0.50	0.77	0.66
Retention Ratios (%)	0.00	69.88	43.63	59.59	52.95
Price / BV (X)	3.51	1.01	0.80	0.94	0.85
Price / Net Operating Revenue (X)	1.67	0.50	0.50	0.77	0.66
EarningsYield	0.04	0.14	0.15	0.09	0.13

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: 294.61

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: 7.13% compared to the current price 275

Intrinsic Value: 332.23

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: 20.81% compared to the current price 275

Last 5 Year EPS CAGR: 12.77%

*Investments are subject to market risks

Strength and Weakness of Ircon International Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 22.17%, which is a positive sign. The stock has a low average Working Capital Days of -122.83, which is a positive sign. The stock has a low average Cash Conversion Cycle of -168.08, which is a positive sign. The company has higher reserves (3,932.25 cr) compared to borrowings (1,026.75 cr), indicating strong financial stability. The company has shown consistent growth in sales (4.92 cr) and profit (510.69 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 22.17%, which is a positive sign.
The stock has a low average Working Capital Days of -122.83, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -168.08, which is a positive sign.
The company has higher reserves (3,932.25 cr) compared to borrowings (1,026.75 cr), indicating strong financial stability.
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 ₹294.61.

What is the Market Cap of Ircon International Ltd?

The Market Cap of Ircon International Ltd is 25,817 Cr..

What is the current Stock Price of Ircon International Ltd as on 26 July 2024?

The current stock price of Ircon International Ltd as on 26 July 2024 is 275.

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 352/91.8.

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

The Stock P/E of Ircon International Ltd is 27.8.

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.