Is Ircon International (IRCON) overvalued or fairly valued?

MarketChacha shows Ircon International's valuation in context — a forward P/E of about 16.6, a price-to-book of about 1.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Ircon International's revenue?

Ircon International reported revenue of ₹8,479 Cr for FY2026, with net profit of ₹618 Cr, per official filings.

What is the share price of Ircon International (IRCON)?

Ircon International last traded at ₹128.14 (-1.4% on the day), as of 8/11/2026 — a delayed quote shown for education, not investment advice.

Ircon International

IRCON · NSE · Railways/Infra · India

Snapshot

TickerIRCON

ExchangeNSE

SectorRailways/Infra

IndustryEngineering & Construction

CountryIndia

HeadquartersNew Delhi, India

Websitewww.ircon.org

Filings tracked0

About Ircon International

Ircon International Limited, together with its subsidiaries, engages in the provision of construction services. It undertakes construction of new railway lines; rehabilitation/conversion of existing lines, station buildings and facilities, and bridges; construction of railway bridges, tunnels, and signaling and telecommunication networks; railway electrification works; wet leasing of locomotives; and setting up of production units for manufacture rolling stock, maintenance depots/workshops, concrete sleepers, and track components on turn-key basis. The company is also involved in the construction of roads and highways; bridges and flyovers; and commercial, institutional, industrial, and residential and multifunctional complexes, as well as airport hangars and runways, airport terminal buildings, station buildings and facilities, hospitals, business centers, and workshops/warehouses; and provision of HVAC, electrification, plumbing, firefighting, and hanger maintenance services. In addition, it engages in the railway, industrial, workshop, and power supply electrification works; renewable solar energy works; and distribution network works, as well as offers turnkey project management services, including design, supply, erection, testing, and commissioning services. Further, it provides turnkey solutions for signaling and communication projects. The company operates in India, Iraq, Iran, Saudi Arabia, the United Kingdom, Jordan, Turkey, Indonesia, Malaysia, Algeria, Bangladesh, Nepal, Afghanistan, Nigeria, Liberia, Syria, Tanzania, Zambia, Brazil, Mozambique, Ethiopia, Sri Lanka, South Africa, Bhutan, and Myanmar. The company was formerly known as Indian Railway Construction Company Limited. Ircon International Limited was incorporated in 1976 and is headquartered in New Delhi, India.

Who owns it

Promoters65.2%
Institutions3.4%
Public & other31.5%

37 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend7.2% → 7.3%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev -16% · PAT -7%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (BSE (official results filing)). Education, not a rating or recommendation.

What's expected next

Next fiscal year

Rev ₹10,033 Cr · EPS 7.70

Est. earnings growth +10.0%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: BSE (official results filing)

Annual

Quarterly · last 4

Revenue (FY2026)

₹8,479 Cr

Net margin

7.3%

Revenue CAGR (2y)

-15.8%

Profit CAGR (3y)

-7.3%

EPS (FY2026)

6.58

Net profit (FY2026)

₹618 Cr

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On MarketChacha

Posts about IRCON

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin
FY2026	₹8,479 Cr	₹618 Cr	6.58	7.3%
FY2025	₹10,193 Cr	₹738 Cr	—	7.2%
FY2024	₹11,950 Cr	₹863 Cr	—	7.2%
FY2023	—	₹777 Cr	—	—

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	₹2,998 Cr	₹192 Cr	2.04	6.4%
2025Q4	₹1,965 Cr	₹91 Cr	0.97	4.6%
2025Q3	₹1,852 Cr	₹185 Cr	—	10.0%
2025Q2	₹1,664 Cr	₹151 Cr	—	9.0%

Figures as reported, in ₹ (crore). Source: BSE (official results filing).

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.