Ircon International Ltd (NSE: IRCON): Despite the good quarterly results in addition to the announcement of a dividend, interim Ircon International’s share price dropped by 2.21 percent on Friday.
The shares ended the day at 223.20 which was down 2.34 percent on Friday.
In February 2024 the Board of Directors of IRCON International, an intermediate-cap construction sector PSU declared an interim dividend amounting to 1.80 for each equity share, at Rs 2 per share amount for fiscal year 2023-23.
IRCON International announced a 28.8 percent year-on-year (YoY) rise in its consolidated net income for the quarter that ended March 31, FY24, at the figure of 244.7 crore.
IRCON International Declares Interim Dividend
According to IRCON International’s BSE report on February 8th, 2024, an interim cash dividend amounting to Rs 1.80 was declared for each equity share, at a face value of Rs 2.
The dividend is 90 percent of the amount of face value.
The date of record for the paying interim dividends for the period 2023-24 is Friday 16 February 2024. The interim dividend is due on February 27, 2024.
IRCON International Q3 Results
IRCON International saw a strong profit increase compared to its topline. The company’s other earnings grew by nearly 70 percent during the period.
The income grew from 75.4 crore last year to 127.7 crore during the December 2023 quarter.
The company has announced its income before tax, earnings, and amortization (EBITDA) for the quarter that ended in December 2023, which was 378.1 crore, an increase of 63.2 percent compared to 231.7 crore for the same period last year.
Its EBITDA ratio for the quarter that ended in December 2023 was 12.6 percent, an increase of almost 270 basis points over the previous year.
IRCON International received Navratna status on the 12th of October, 2023. In the BSE filing of October 12, the company was told that the Department of Public Enterprises vide its letter of October 12, 2023, gave Navratna designation to IRCON. IRCON will be the fifteenth Navratna in the list of CPSEs.
About Ircon International Ltd Company
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 International Ltd
| Market Cap | ₹ 20,912 Cr. |
| Current Price | ₹ 223.20 |
| 52-wk High | ₹ 280.85 |
| 52-wk Low | ₹ 50.10 |
| Stock P/E | 23.72 |
| Book Value | ₹ 58.9 |
| Dividend | 1.35 % |
| ROCE | 15.7 % |
| ROE | 15.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 3.77 |
| OPM | 6.60 % |
| EPS | ₹ 9.99 |
| Debt | ₹ 1,680 Cr. |
| Debt to Equity | 0.30 |
Ircon International Ltd 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 International Ltd 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 International Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
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.
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