I

Ircon International Limited

IRCONNSE
Market snapshot · 2026-08-11 15:40 UTC

₹128.14

₹-1.87 (-1.44%)

MARKET CAP

₹12.05K Cr

STOCK P/E

20.2x

52W HIGH

₹189.50

52W LOW

₹114.50

BOOK VALUE

₹70.68

EPS

₹6.33

ROE

9.08%

SECTOR

Industrials

DEBT/EQUITY

85.83

VOLUME

10.47L

P/B RATIO

1.81x

PEG RATIO

-2.30

Sector

Industrials

Themes

Construction & EngineeringPsuNavratnaMiniratna
D
Dividend
E
Earnings
₹183.74₹168.12₹152.49₹136.87₹121.24VolumeDEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Valuation Metrics

Trading 23.9% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.19). Confidence: 75%.

Live forward EPS implies next-12-month EPS of ₹7.70. Applying the stock's normalized valuation corridor produces a fair range of ₹182.26 to ₹260.34, with base value near ₹204.90 (+59.9% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹7.70

Forward P/E

16.6x

Base Fair Value

₹204.90

Fair Range

₹182.26 - ₹260.34

Upside To Base

+59.9%

Estimate Source

Live forward EPS

Growth Estimate

-8.8%

P/E
Strongly Undervalued

5Y Average

20.53

Current

20.24

Overvalued

33.81

Undervalued

23.67

EV/EBITDA
Fair

5Y Average

16.94

Current

16.70

Overvalued

23.37

Undervalued

6.84

P/B
Strongly Undervalued

5Y Average

2.27

Current

1.81

Overvalued

2.61

Undervalued

1.93

Peers & Comparison

Sector: Industrials · Theme: Construction & Engineering

Construction & Engineering Peers8 peers
Avg P/E: 26.3x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
NCC LIMITED
NCCConstruction & Engineering
+1.7%3.2%
13.4x
Undervalued
-49% vs avg
-34.3%
POWER MECH PROJECTS LTD.
POWERMECHConstruction & Engineering
+13.9%6.0%
21.9x
Undervalued
-17% vs avg
-16.6%
AJAX ENGINEERING LIMITED
AJAXENGGConstruction & Engineering
+1.7%10.8%
28.6x
Fair
+9% vs avg
-21.3%
CEIGALL INDIA LIMITED
CEIGALLConstruction & Engineering
+37.1%7.8%
18.4x
Undervalued
-30% vs avg
+30.0%
AHLUWALIA CONT IND LTD
AHLUCONTConstruction & Engineering
+8.8%5.8%
21.0x
Undervalued
-20% vs avg
-11.9%
G R INFRAPROJECTS LIMITED
GRINFRAConstruction & Engineering
+40.1%11.0%
8.4x
Undervalued
-68% vs avg
-28.5%
AXISCADES TECH LTD
AXISCADESConstruction & Engineering
+1.5%6.2%
92.0x
Premium
+250% vs avg
+28.6%
PNC INFRATECH LTD.
PNCINFRAConstruction & Engineering
-5.1%15.5%
6.9x
Undervalued
-74% vs avg
-26.4%
WHY THESE PEERS

IRCON INTERNATIONAL LTD trades at a discount (20.4x vs peer avg 26.3x), suggesting potential undervaluation relative to the Construction & Engineering cohort. Peers include NCC LIMITED, POWER MECH PROJECTS LTD., AJAX ENGINEERING LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.00K CrMar 2026

Latest net profit

₹192 CrMar 2026

Latest EPS

₹2.04Mar 2026

Net margin

4.4%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%2.0%4.0%6.0%8.0%0.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr₹0₹1₹1₹2₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr750 Cr1.50K Cr2.25K Cr3.00K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5.50K Cr0.00 Cr5.50K Cr11.00K Cr16.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +3,6702,6262,8842,7923,6492,1802,2992,4703,2431,6641,8521,9652,998
Expenses +3,4712,4552,7112,6183,4022,0322,1942,3823,1051,5621,7881,9102,866
Operating Profit199171173174247148105881381036356131
OPM %5%6%6%6%7%7%4.5%3.6%4.3%6%3.4%2.8%4.4%
Other Income +10468139841489715610013110717688129
Interest2233222124011
Depreciation1799991010101011121213
Profit before tax284228299246383234249177258195226131246
Tax %13%29%23%25%25%25%19%20%15%23%18%30%22%
Net Profit +24816223018528617720214121815118591192
EPS in Rs2.641.722.451.973.041.882.151.502.321.601.960.972.04
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +65.17%65.17%65.17%65.17%65.17%
FIIs +4.58%4.61%4.54%4.78%4.61%
DIIs +1.60%1.64%1.72%1.79%1.79%
Government +0.28%0.28%0.28%0.28%0.28%
Public +28.37%28.29%28.28%27.97%28.16%
Others—0.01%0.01%0.01%—
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Change in Management

Aug 07, 2026PDFCompany Reports Open

Board Meeting Intimation for Consider & Approve Un-Audited Financial Results (Standalone & Consolidated) For The Quarter Ended 30Th June 2026.

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 04, 2026PDFCompany Reports Open

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Jul 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Directorate

Jul 01, 2026PDFCompany Reports Open