IRCON International Ltd.
NSE: IRCON · Civil Construction
Snapshot
Unlock IRCON International Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ircon International Limited is a specialised construction company primarily focused on railway infrastructure, including new lines, electrification, and signalling systems. The company also undertakes large-scale civil engineering projects such as highways, bridges, and commercial or industrial complexes both in India and internationally.
Business Model
The company operates on a project-based model, securing contracts through competitive bidding for government and public sector infrastructure projects. It generates revenue through construction services, turnkey project delivery, and the leasing of locomotives and railway equipment.
Growth Outlook
Growth is driven by the Indian government's sustained capital expenditure on railway modernisation, electrification, and national highway expansion. The company is also expanding its portfolio by undertaking complex turnkey projects in international markets and diversifying into high-speed rail infrastructure.
Key Risks
- Project Execution Delays. Large-scale infrastructure projects are susceptible to delays caused by land acquisition issues, regulatory approvals, and site-specific challenges.
- Concentration Risk. The company relies heavily on government-led railway and infrastructure spending, making it vulnerable to shifts in public policy and budgetary allocations.
- Competitive Bidding Pressure. Intense competition in the civil construction sector may lead to margin compression during the tender process for new projects.
- Geopolitical Risk. International operations expose the company to currency fluctuations, political instability, and varying regulatory environments in foreign jurisdictions.
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Key Metrics
REVENUE
₹9,241 Cr
TTM · consolidated
NET PROFIT
₹520 Cr
TTM · consolidated
EPS
₹5.57
TTM · consolidated
RETURN ON EQUITY
8.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
7.7%
TTM · consolidated
P/E
21.4x
Q1 FY27 · consolidated
EV/EBITDA
12.4x
Q1 FY27 · consolidated
EBITDA MARGIN
12.8%
TTM · consolidated
NET PROFIT MARGIN
4.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.8x
Q1 FY27 · consolidated
Peers · Civil Construction
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
IRCON International Ltd.IRCON | ₹11,216 Cr | 21.41 | 12.42 | -9.9% | 12.8% | 8.0% | 7.7% | -28.5% |
Techno Electric & Engineering Company Ltd.TECHNOE | ₹11,392 Cr | 26.43 | 19.04 | 38.7% | 17.9% | 10.9% | 13.2% | -35.3% |
Welspun Enterprises LimitedWELENT | ₹11,261 Cr | 36.02 | 15.88 | 0.6% | 23.2% | 12.5% | 15.7% | +70.3% |
Kec International Ltd.KEC | ₹10,876 Cr | 19.64 | 9.39 | 5.1% | 7.1% | 9.6% | 21.3% | -52.6% |
Afcons Infrastructure Ltd.AFCONS | ₹10,769 Cr | 75.08 | 9.85 | -11.9% | 12.6% | 2.6% | 10.3% | -33.3% |
RITES Ltd.RITES | ₹10,371 Cr | 24.89 | 14.64 | 10.6% | 27.3% | 17.3% | 19.5% | -16.2% |
As of Q1 FY27
Financials
IRCON International Ltd.
NSE: IRCON · Civil Construction
Snapshot
Unlock IRCON International Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ircon International Limited is a specialised construction company primarily focused on railway infrastructure, including new lines, electrification, and signalling systems. The company also undertakes large-scale civil engineering projects such as highways, bridges, and commercial or industrial complexes both in India and internationally.
Business Model
The company operates on a project-based model, securing contracts through competitive bidding for government and public sector infrastructure projects. It generates revenue through construction services, turnkey project delivery, and the leasing of locomotives and railway equipment.
Growth Outlook
Growth is driven by the Indian government's sustained capital expenditure on railway modernisation, electrification, and national highway expansion. The company is also expanding its portfolio by undertaking complex turnkey projects in international markets and diversifying into high-speed rail infrastructure.
Key Risks
- Project Execution Delays. Large-scale infrastructure projects are susceptible to delays caused by land acquisition issues, regulatory approvals, and site-specific challenges.
- Concentration Risk. The company relies heavily on government-led railway and infrastructure spending, making it vulnerable to shifts in public policy and budgetary allocations.
- Competitive Bidding Pressure. Intense competition in the civil construction sector may lead to margin compression during the tender process for new projects.
- Geopolitical Risk. International operations expose the company to currency fluctuations, political instability, and varying regulatory environments in foreign jurisdictions.
Start your research today
Unlock AI insights, financials, peers and live data on IRCON International Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹9,241 Cr
TTM · consolidated
NET PROFIT
₹520 Cr
TTM · consolidated
EPS
₹5.57
TTM · consolidated
RETURN ON EQUITY
8.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
7.7%
TTM · consolidated
P/E
21.4x
Q1 FY27 · consolidated
EV/EBITDA
12.4x
Q1 FY27 · consolidated
EBITDA MARGIN
12.8%
TTM · consolidated
NET PROFIT MARGIN
4.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.8x
Q1 FY27 · consolidated
Peers · Civil Construction
As of Q1 FY27