₹218 Share Got 630.6 Crore Tunnel Construction Project; Massive Growth In Share Price
IRCON(NSE: IRCON), a company which has given multibagger returns to its investors in the last year, has informed about getting a big order on Saturday.
According to the company, it has received this order from National Highway and Infrastructure Development Corporation Limited i.e. NHIDCL.
Under the order, the company has to build a tunnel in Mizoram.
On Friday, despite the fall in the stock market, there was a rise in the stock and the stock closed with a rise of 4 percent.
What Information Has The Company Given?
In the information sent to the stock market, the company said that NHIDCL has awarded a tunnel project in Mizoram in EPC mode.
Under this project, a 2.5 km long twin tube uni-directional Aizawl bypass tunnel is to be constructed on NH 6, and along with it, a 2.1 km long road is also to be prepared to access the tunnel. The total size of this contract is Rs 630.6 crore.
The project is expected to be completed in 36 months.
What Is The Performance Of The Stock Market?
The market fell on Friday. However, IRCON’s stock increased by 4 percent to the level of 217. The stock is a multibagger stock.
The stock has increased 309 percent in one year. The stock has seen a growth of 409 percent in the last 3 years.
The stock has increased by more than 26 percent in the last 3 months.
How Have Been The Company’s Results?
The company’s consolidated total sales in the December quarter were Rs 2884 crore, an increase of 23 percent compared to last year.
The profit in the December quarter was Rs 244.65 crore, an increase of 29 percent compared to last year.
The EBITDA has increased by 41 percent on a year-over-year basis.
About Ircon International Ltd
Ircon International Limited is a company that specializes in rail and engineering construction based in India.
It is a PSU that specializes in large, technologically complex infrastructures in different sectors.
The Company is involved in railways and highways as well as bridges and tunnels.
It also operates in metros, railway electrification, and extra-high voltage substations.
It is active in India, Malaysia, Nepal and Bangladesh. It began its business in 1975 and progressed in 1985.
Fundamental Analysis of IRCON
| Market Cap | ₹ 20,390 Cr. |
| Current Price | ₹ 217 |
| 52-wk High | ₹ 281 |
| 52-wk Low | ₹ 52.0 |
| Stock P/E | 21.7 |
| Book Value | ₹ 58.9 |
| Dividend | 1.38 % |
| ROCE | 15.7 % |
| ROE | 15.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 3.68 |
| OPM | 6.60 % |
| EPS | ₹ 9.99 |
| Debt | ₹ 1,680 Cr. |
| Debt to Equity | 0.30 |
IRCON International Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 274 | ₹ 315 |
| 2025 | ₹ 324 | ₹ 347 |
| 2026 | ₹ 376 | ₹ 400 |
| 2027 | ₹ 422 | ₹ 495 |
| 2028 | ₹ 512 | ₹ 575 |
| 2029 | ₹ 645 | ₹ 785 |
| 2030 | ₹ 845 | ₹ 1100 |
IRCON Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 73.18% |
| Mar 2023 | 73.18% |
| June 2023 | 73.18% |
| Sept 2023 | 73.18% |
| Dec 2023 | 65.17% |
| FII Holding | |
| Dec 2022 | 2.71% |
| Mar 2023 | 3.99% |
| June 2023 | 5.17% |
| Sept 2023 | 4.01% |
| Dec 2023 | 4.11% |
| DII Holding | |
| Dec 2022 | 1.82% |
| Mar 2023 | 1.87% |
| June 2023 | 0.80% |
| Sept 2023 | 0.36% |
| Dec 2023 | 0.93% |
| Govt. Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.26% |
| June 2023 | 0.26% |
| Sept 2023 | 0.26% |
| Dec 2023 | 0.26% |
| Public Holding | |
| Dec 2022 | 22.28% |
| Mar 2023 | 20.71% |
| June 2023 | 20.59% |
| Sept 2023 | 22.17% |
| Dec 2023 | 29.51% |
IRCON Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2019 | ₹ 4,798 Cr |
| 2020 | ₹ 5,391 Cr |
| 2021 | ₹ 5,350 Cr |
| 2022 | ₹ 7,380 Cr |
| 2023 | ₹ 12,369 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 450 Cr |
| 2020 | ₹ 485 Cr |
| 2021 | ₹ 391 Cr |
| 2022 | ₹ 592 Cr |
| 2023 | ₹ 939 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.65 |
| 2020 | 0.44 |
| 2021 | 0.07 |
| 2022 | 0.03 |
| 2023 | 0.29 |
Last 10 Years’ Profit Growth:
| 10 Years: | -1% |
| 5 Years: | 13% |
| 3 Years: | 18% |
| Current Year: | 25% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 13% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | 9% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| Current Year: | 30% |
Conclusion
This article is a complete guide about Ircon International Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
