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Last Updated on: 24 February, 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

Ircon International Ltd. Share Price Update

Share PriceValue
Today₹222.40
Previous Day₹228.65

Basic Stock Data of Ircon International Ltd

Market Cap 21,575 Cr.
Current Price 229
High / Low281/50.1
Stock P/E23.0
Book Value 58.9
Dividend Yield1.28 %
ROCE15.7 %
ROE15.4 %
Face Value 2.00

Data Source: screener.in

Ircon International Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,0401,3542,4221,1421,5231,7622,9532,0022,2392,3473,7812,7172,987
Expenses9371,2252,2231,0331,3841,6092,7691,8422,0392,1903,5982,5132,771
Operating Profit104129199110139153183160200156183204216
OPM %10%10%8%10%9%9%6%8%9%7%5%8%7%
Other Income373310942696886798175186111177
Interest65810161922293130333337
Depreciation23232323232326242424361927
Profit before tax112134276119169179221186226178301263328
Tax %25%24%38%25%26%24%-9%22%23%-7%15%29%24%
Net Profit8410217089126136242145174190256187251
EPS in Rs0.891.091.810.951.341.442.571.541.852.022.731.992.67

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:32%
Compounded Profit Growth
10 Years:-1%
5 Years:13%
3 Years:18%
TTM:27%
Stock Price CAGR
10 Years:%
5 Years:43%
3 Years:75%
1 Year:305%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:13%
Last Year:15%

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%73.18%65.17%
FIIs1.59%2.24%2.30%2.49%2.23%2.14%1.96%2.71%3.99%5.17%4.01%4.11%
DIIs0.34%0.94%0.80%0.89%1.00%1.07%1.08%1.82%1.87%0.80%0.36%0.93%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.00%0.26%0.26%0.26%0.26%
Public24.89%23.64%23.71%23.44%23.58%23.60%23.52%22.28%20.71%20.59%22.17%29.51%
No. of Shareholders1,85,1242,39,6232,72,8092,83,4463,10,5673,07,0273,04,4362,89,4862,97,6233,26,0014,70,2755,98,477

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)
Quant Quantamental Fund10000001.2713.88
Quant Value Fund7700001.3910.68
Nippon India Nifty Smallcap 250 Index Fund1534810.32.13
Motilal Oswal Nifty Smallcap 250 Index Fund963620.31.34
SBI Nifty Smallcap 250 Index Fund707210.30.98
Motilal Oswal Nifty 500 Index Fund105300.030.15
Edelweiss Nifty Smallcap 250 Index Fund32540.290.05
Groww Nifty Total Market Index Fund5760.020.01
Motilal Oswal Nifty 500 ETF4610.030.01

Ircon International Ltd ROCE Trend

Ircon International Ltd EPS Trend

Ircon International Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.0010.0010.00
Basic EPS (Rs.)8.146.304.1651.6047.85
Diluted EPS (Rs.)8.146.304.1651.6047.85
Cash EPS (Rs.)8.946.679.9657.1851.05
Book Value[Excl.RevalReserv]/Share (Rs.)55.5549.6293.63443.52421.50
Book Value[Incl.RevalReserv]/Share (Rs.)55.5549.6293.63443.52421.50
Revenue From Operations / Share (Rs.)110.2478.47113.60573.26510.20
PBDIT / Share (Rs.)11.548.4314.4280.0071.12
PBIT / Share (Rs.)10.397.4212.4671.1865.63
PBT / Share (Rs.)9.146.6811.9768.2164.08
Net Profit / Share (Rs.)7.805.668.0048.3645.56
NP After MI And SOA / Share (Rs.)8.146.308.3251.6047.85
PBDIT Margin (%)10.4610.7412.6913.9513.93
PBIT Margin (%)9.429.4510.9612.4112.86
PBT Margin (%)8.298.5110.5311.8912.56
Net Profit Margin (%)7.077.217.048.438.93
NP After MI And SOA Margin (%)7.388.027.329.009.37
Return on Networth / Equity (%)14.6812.698.8811.6311.35
Return on Capital Employeed (%)11.8110.3710.719.848.05
Return On Assets (%)4.924.103.473.763.37
Long Term Debt / Equity (X)0.270.270.070.440.64
Total Debt / Equity (X)0.280.290.070.440.64
Asset Turnover Ratio (%)0.700.570.420.400.34
Current Ratio (X)1.541.331.291.231.32
Quick Ratio (X)1.511.291.271.181.26
Inventory Turnover Ratio (X)1.622.611.671.071.65
Dividend Payout Ratio (NP) (%)30.1156.3640.4047.0444.01
Dividend Payout Ratio (CP) (%)26.4048.5632.7040.1739.48
Earning Retention Ratio (%)69.8943.6459.6052.9655.99
Cash Earning Retention Ratio (%)73.6051.4467.3059.8360.52
Interest Coverage Ratio (X)9.1911.5229.1027.0046.03
Interest Coverage Ratio (Post Tax) (X)7.218.7417.1517.3230.49
Enterprise Value (Cr.)1661.58-374.581020.312758.013251.69
EV / Net Operating Revenue (X)0.16-0.050.190.510.67
EV / EBITDA (X)1.53-0.471.503.674.86
MarketCap / Net Operating Revenue (X)0.500.500.770.660.78
Retention Ratios (%)69.8843.6359.5952.9555.98
Price / BV (X)1.010.800.940.850.95
Price / Net Operating Revenue (X)0.500.500.770.660.78
EarningsYield0.140.150.090.130.11

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 of Ircon International Ltd Stock

Fair Value: ₹211.29

The stock is overvalued by 7.73% compared to the current price ₹229

*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.
  1. The stock is trading at a high valuation with an average P/B ratio of 33.42 and average Dividend Yield of 11.02%.

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