Ircon International Ltd Stock Analysis

BSE: 541956 | NSE: IRCON | Engineering - Construction | Mid Cap

BSE Share Price 06-Dec-2022 18:01
64.85 2.80 (4.51%)

DeciZen - Make an Informed Decision on Ircon International

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Ircon International Price Chart

P/E Ratio (CD) :
8.38
Market Cap :
5,835.9 Cr.
52-wk low :
34.8
52-wk high :
64.6
Bole Toh?

1. Is Ircon International Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ircon International Ltd is a average quality company.

2. Is Ircon International Ltd undervalued or overvalued?

The key valuation ratios of Ircon International Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ircon International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ircon International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Ircon International:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ircon International Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 37.3%34.1%17.4%9.8%10.7%8.5%10.5%12.9%13%14.5%-
Value Creation Index 1.81.50.3-0.3-0.2-0.4-0.3-0.1-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,2224,1383,0472,4813,0674,0244,7985,3915,3507,3808,955
YoY Gr. Rt. %--2%-26.4%-18.6%23.6%31.2%19.2%12.4%-0.8%37.9%-
Adj EPS 35.945.328.716.43.74.44.754.26.47.4
YoY Gr. Rt. %-26.2%-36.6%-43%-77.7%20%7.3%5.3%-15.4%53.7%-
BVPS (₹) 115.3148.6166.9183.838.64042.244.446.849.652.5
Adj Net Profit 710896569324361412442465394606696
Cash Flow from Ops. 5491335361,446919-2,617-1,185-1365181,405-
Debt/CF from Ops. 020.500-1.2-2.600.61-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%19.2%15.4%37.9%
Adj EPS -17.4%12%11.1%53.7%
BVPS -95.25.66
Share Price - - 17.5% 44.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 35.434.318.29.39.710.911.411.49.213.414.5
Op. Profit Mgn % 18.426.120.36.79.19.89.57.59.287.8
Net Profit Mgn % 16.821.718.712.911.510.18.88.16.87.47.8
Debt to Equity 00.10.1000.90.800.10.30.3
Working Cap Days 221286431417275368494405326271436
Cash Conv. Cycle 27141539332021205-6115

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.50%

Sales growth is growing at healthy rate in last 3 years 15.43%

Net Profit is growing at healthy rate in last 3 years 11.07%

Sales growth is good in last 4 quarters at 43.54%

No data to display

Latest Financials - Ircon International Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 7.4
TTM Sales (₹ Cr.) 8,450 8,955
BVPS (₹.) 51.8 52.5
Reserves (₹ Cr.) 4,684 4,746
P/BV 1.20 1.18
PE 9.29 8.38
From the Market
52 Week Low / High (₹) 34.80 / 64.55
All Time Low / High (₹) 29.10 / 64.55
Market Cap (₹ Cr.) 5,836
Equity (₹ Cr.) 188.1
Face Value (₹) 2
Industry PE 27.5

Management X-Ray of Ircon International :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ircon International

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Ircon International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ircon International on 06-Dec-2022 18:01 is : 64.85.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 18:01 the market cap of Ircon International stood at ₹ 5,835.9.
The latest PE ratio of Ircon International as of 06-Dec-2022 18:01 is 9.29.
The latest PB ratio of Ircon International as of 06-Dec-2022 18:01 is 1.20
The 52-week high of Ircon International is ₹ 64.55 and the 52-week low is ₹ 34.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ircon International is ₹ 8,450 ( Cr.) .

About Ircon International Ltd

Ircon International Limited (IRCON) is a government company incorporated by the Central Government (Ministry of Railways) on 28th April, 1976 originally under the name Indian Railway Construction Company Limited. It was set up to utilize the Indian Railway's experience in helping developing nations of the world to install or maintain their own railways and also to execute railway projects for the private sector. It is the leading turnkey construction company in the public sector known for its quality, commitment and consistency in terms of performance. IRCON has widespread operations in several states in India and in other countries (Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afganistan, UK Algeria and Sri Lanka) Now.

IRCON is a specialized construction organization covering the entire spectrum of construction activities and services in the infrastructure sector. However, railway and highway constructions including EHP sub-station engineering and constructions, and also special structures, MRTS, etc. are the core competence areas of IRCON. The company operates not only in a highly competitive field but also in difficult terrains and regions in India and abroad and is an active participant in prestigious nation building projects. IRCON has so far completed more than 270 infrastructure projects in India and more than 90 projects across the globe in more than 20 countries. The company's specialization is in railways, railway electrification, signal and telecommunication, construction of roads, highways, commercial, industrial and residential complexes, airport runways, airport constructions, leasing of locomotives, mass rapid transit system etc.

Busuiness activities:

1) Railway:- Services offered cover entire spectrum of activities including construction of new railway lines,rehabilitation/ conversion of existing lines, station buildings and facilities, bridges, regirdering of railway bridges, tunnels, signaling and telecommunication networks, railway electrification, wet leasing of locomotives, setting up of production units for manufacture of rolling stock, maintenance depots/ workshops, concrete sleepers and track components on turnkey basis. A number of important and prestigious projects have been completed successfully in the railway sector, at home and abroad, including construction of more than 2500 km of new rehabilitation of existing track in India and abroad

2) Highways:- Usage of fully batch type automatic Hot Mix Plant for ensuring quality of bituminous production, Usage of fully automatic high capacity concrete batching plant for ensuring quality of concrete production, construction of bituminous pavement by using full width (9 meter), sensor paver, construction of concrete pavement by using full width (9 M) paver for dry lean concrete and full width slip form paver for pavement quality concrete, usage of high capacity, cone crusher for quality control of aggregates, usage of WMM sensor paver at base course level for achieving workmanship and riding quality of finished road, application of innovative and appropriate methods for execution of projects under extreme topographical and climatic condition.

3) Bridges/Flyovers:- IRCON has got wide range of experience in constructing bridges and flyovers. They are â€¢  With pre-stressed concrete using the most modern type of launching truss – Pre-stressed pre-cast continuous box girders on curve, bridges Viaducts (RCC / Pre-Stressed concrete), Elevated portion for the MRTS, Bridge works on open foundation in rocky strata, Bridges on Well Foundation, etc, Construction of viaducts with 70 M height, Construction of flyovers on busy intersections in India and Abroad , Construction of Bridges in very high terrain of Jammu & Kashmir, Cable Stayed Bridge.

4) Buildings:- Services offered cover entire spectrum of activities including construction of all kinds of buildings (e.g. Commercial, Industrial, Airport Hangers, Station Buildings and facilities, Hospitals, Business centers, Setting up of Production Units for manufacture, Workshops / Warehouses etc.), Installation of Air conditioning systems and Electrification.

5 )Electricals:- Services offered cover entire spectrum of activities including Turnkey Project Management including Design, Supply, Erection, Testing & Commissioning, Pioneer in Railway Electrification works including Traction Sub-stations, In-house design capability for Grid Sub-stations of voltage class upto 400 kV , Customized Software package for design of Railway Electrification works , Simulation studies for AC Distribution Network.

6) Signalling & Telecom Project:- IRCON has executed a large number of electronic (Solid State) Interlocking and relay based Interlocking signalling installations in Iraq, Iran, Malaysia, Zambia and Bangladesh and India. It has also successfully executed Telecommunication works for Turkish, Malaysian and Zambian & Indian Railways.Currently Ircon is executing projects in Malaysia, Iran, Sharjah (UAE) and India.7) Mechnical :- Following are the main activities that are covered by Supply of Modern, light weight passengers car to suit Railway Specification & needs, Supply Of diesel Electric Locomotives to suit customers Specification and operating requirement, leasing& maintenance of diesel locomotives ,Supply of plant & machinery for workshop

Awards & Achievements:-

1) IRCON International Limited is a central Public Sector Enterprise incorporated as a government company under the Companies Act. 1956. IRCON was set up to utilize the Indian Railway's experience in helping developing nations of the world to install or maintain their own railways and also to execute railway projects for private sector.

2) The company was the first to get the ISO-9001:2000 certification from TUV Germany for its full range of construction activities. It is the only construction PSU awarded with the Miniratna status by the Government of India.

3) The company's specialization is in railways, railway electrification, signal and telecommunication, construction of roads, highways, commercial, industrial and residential complexes, airport runways, airport constructions, leasing of locomotives, mass rapid transit system etc.

4) IRCON has been ranked the 3rd largest construction company of India in October 2004 on the occasion of Construction World-NICMAR (National Institute of Construction Management and Research) Award 2004. As per Engineering News Record (ENR) of USA (August 22/29, 2005 edition), it is seen that amongst the 'year 2005' Top 225 construction contractors of the World, the average percentage of domestic profitability is only 5.5% and if this is taken as a benchmark, IRCON is ahead of the top companies as its domestic profitability is 6.90%.

5) The company has completed 280 landmark infrastructure projects in India and 90 projects across the globe in 21 countries namely, Algeria, Angola, Bangladesh, Indonesia, Iran, Iraq, Israel, Italy, Jordan, Lebanon, Malaysia, Nepal, Nigeria, Saudi Arabia, Syria, Tanzania, Turkey, United Kingdom, Zambia. The company has also taken up projects in Mozambique and Ethiopia.

6)I RCON has been a consistent winner of the Highest Foreign Exchange Earner Award in the construction sector.

7) From Engineering Export Promotion Council, the company has won 18 Awards of Excellence, including the All India Trophy for the Top Exporters in the category of Merchant Exporters in recognition of the outstanding contribution to engineering exports.

8) From Project Exports Promotion Council of India, IRCON has won 42 Awards of Excellence, including, The Award for Maximum Foreign Exchange Earned and Repatriated to India from Overseas Service Contracts.

9) IRCON was a nominee to the prestigious Internationally acclaimed Bentley Empowered Awards for Civil Rail Design 2004 for strategic Planning, design and construction of a Mountain Railway (Kashmir Valley Rail Project).

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