About
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.
Key Metrics
as of Sep 2026Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,800.00 | 2,998.00 | 1,965.00 | 1,852.00 | 1,664.00 | 3,243.00 | 2,470.00 | 2,299.00 | 2,180.00 | 3,649.00 | 2,792.00 | 2,884.00 | 2,626.00 |
| Expenses | 1,705.00 | 2,866.00 | 1,910.00 | 1,788.00 | 1,562.00 | 3,105.00 | 2,382.00 | 2,194.00 | 2,032.00 | 3,402.00 | 2,618.00 | 2,711.00 | 2,455.00 |
| Operating Profit | 96.00 | 131.00 | 56.00 | 63.00 | 103.00 | 138.00 | 88.00 | 105.00 | 148.00 | 247.00 | 174.00 | 173.00 | 171.00 |
| OPM % | 5.00 | 4.40 | 2.80 | 3.40 | 6.00 | 4.30 | 3.60 | 4.50 | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 |
| Other Income | 126.00 | 129.00 | 88.00 | 176.00 | 107.00 | 131.00 | 100.00 | 156.00 | 97.00 | 148.00 | 84.00 | 139.00 | 68.00 |
| Depreciation | 15.00 | 13.00 | 12.00 | 12.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Interest | 3.00 | 1.00 | 1.00 | 0.00 | 4.00 | 2.00 | 1.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 2.00 |
| Profit before tax | 204.00 | 246.00 | 131.00 | 226.00 | 195.00 | 258.00 | 177.00 | 249.00 | 234.00 | 383.00 | 246.00 | 299.00 | 228.00 |
| Tax % | 20.00 | 22.00 | 30.00 | 18.00 | 23.00 | 15.00 | 20.00 | 19.00 | 25.00 | 25.00 | 25.00 | 23.00 | 29.00 |
| Net Profit | 164.00 | 192.00 | 91.00 | 185.00 | 151.00 | 218.00 | 141.00 | 202.00 | 177.00 | 286.00 | 185.00 | 230.00 | 162.00 |
| EPS in Rs | 1.74 | 2.04 | 0.97 | 1.96 | 1.60 | 2.32 | 1.50 | 2.15 | 1.88 | 3.04 | 1.97 | 2.45 | 1.72 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,479.00 | 10,193.00 | 11,950.00 | 9,921.00 | 6,910.00 | 4,948.00 | 5,202.00 | 4,415.00 | 3,891.00 | 3,024.00 | 2,419.00 | 2,864.00 |
| Expenses | 8,126.00 | 9,706.00 | 11,175.00 | 9,338.00 | 6,533.00 | 4,587.00 | 4,725.00 | 4,036.00 | 3,513.00 | 2,718.00 | 2,089.00 | 2,255.00 |
| Operating Profit | 353.00 | 488.00 | 776.00 | 584.00 | 377.00 | 361.00 | 477.00 | 379.00 | 377.00 | 306.00 | 329.00 | 609.00 |
| OPM % | 4.20 | 4.80 | 6.00 | 6.00 | 5.00 | 7.00 | 9.00 | 9.00 | 10.00 | 10.00 | 14.00 | 21.00 |
| Other Income | 500.00 | 484.00 | 437.00 | 340.00 | 271.00 | 252.00 | 239.00 | 263.00 | 231.00 | 304.00 | 344.00 | 254.00 |
| Interest | 6.00 | 15.00 | 21.00 | 3.00 | 10.00 | 15.00 | 27.00 | 16.00 | 65.00 | 61.00 | 43.00 | 9.00 |
| Depreciation | 48.00 | 38.00 | 36.00 | 38.00 | 27.00 | 25.00 | 16.00 | 12.00 | 13.00 | 18.00 | 28.00 | 10.00 |
| Profit before tax | 798.00 | 918.00 | 1,156.00 | 883.00 | 610.00 | 574.00 | 673.00 | 615.00 | 530.00 | 532.00 | 602.00 | 844.00 |
| Tax % | 22.00 | 20.00 | 25.00 | 12.00 | 11.00 | 30.00 | 27.00 | 28.00 | 27.00 | 31.00 | 34.00 | 31.00 |
| Net Profit | 618.00 | 738.00 | 863.00 | 777.00 | 544.00 | 405.00 | 490.00 | 445.00 | 388.00 | 369.00 | 395.00 | 579.00 |
| EPS in Rs | 6.58 | 7.84 | 9.17 | 8.26 | 5.79 | 4.30 | 5.21 | 4.73 | 4.12 | 3.73 | 19.95 | 29.26 |
| Dividend Payout % | 29.00 | 34.00 | 34.00 | 36.00 | 43.00 | 35.00 | 46.00 | 46.00 | 49.00 | 100.00 | 43.00 | 31.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 188.00 | 188.00 | 188.00 | 188.00 | 188.00 | 94.00 | 94.00 | 94.00 | 94.00 | 99.00 | 20.00 | 20.00 |
| Reserves | 6,442.00 | 6,049.00 | 5,584.00 | 4,990.00 | 4,433.00 | 4,312.00 | 4,067.00 | 3,855.00 | 3,657.00 | 3,729.00 | 3,647.00 | 3,334.00 |
| Borrowings | 106.00 | 3.00 | 3.00 | 1.00 | 0.00 | 0.00 | 2,461.00 | 3,077.00 | 3,200.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 8,454.00 | 8,260.00 | 8,309.00 | 8,497.00 | 8,106.00 | 6,258.00 | 6,022.00 | 5,943.00 | 5,749.00 | 5,340.00 | 4,470.00 | 3,395.00 |
| Total Liabilities | 15,191.00 | 14,501.00 | 14,084.00 | 13,676.00 | 12,727.00 | 10,664.00 | 12,644.00 | 12,969.00 | 12,701.00 | 9,168.00 | 8,137.00 | 6,749.00 |
| Fixed Assets | 805.00 | 766.00 | 744.00 | 744.00 | 748.00 | 771.00 | 765.00 | 607.00 | 493.00 | 446.00 | 146.00 | 157.00 |
| CWIP | 15.00 | 34.00 | 7.00 | 3.00 | 10.00 | 10.00 | 10.00 | 48.00 | 1.00 | 0.00 | 3.00 | 6.00 |
| Investments | 3,167.00 | 2,855.00 | 2,839.00 | 2,138.00 | 1,764.00 | 1,506.00 | 1,469.00 | 1,314.00 | 1,201.00 | 1,223.00 | 1,021.00 | 737.00 |
| Other Assets | 11,203.00 | 10,847.00 | 10,494.00 | 10,792.00 | 10,205.00 | 8,378.00 | 10,400.00 | 11,000.00 | 11,006.00 | 7,499.00 | 6,966.00 | 5,848.00 |
| Total Assets | 15,191.00 | 14,501.00 | 14,084.00 | 13,676.00 | 12,727.00 | 10,664.00 | 12,644.00 | 12,969.00 | 12,701.00 | 9,168.00 | 8,137.00 | 6,749.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 77.00 | -442.00 | 285.00 | -120.00 | 1,348.00 | 805.00 | 1,012.00 | -1,243.00 | -2,613.00 | 1,021.00 | 1,402.00 | 503.00 |
| Cash from Investing Activity | -15.00 | 870.00 | -340.00 | 1,313.00 | -130.00 | -713.00 | -165.00 | 685.00 | 7.00 | -1,861.00 | 85.00 | -648.00 |
| Cash from Financing Activity | -112.00 | -280.00 | -284.00 | -231.00 | -334.00 | -158.00 | -953.00 | -93.00 | 2,737.00 | -222.00 | -219.00 | -191.00 |
| Net Cash Flow | -50.00 | 149.00 | -340.00 | 962.00 | 884.00 | -67.00 | -106.00 | -650.00 | 131.00 | -1,062.00 | 1,268.00 | -336.00 |
| Free Cash Flow | 19.00 | -516.00 | 251.00 | -132.00 | 1,345.00 | 807.00 | 974.00 | -1,282.00 | -2,619.00 | 985.00 | 1,389.00 | 498.00 |
| CFO/OP % | 100.00 | -35.00 | 41.00 | -12.00 | 359.00 | 233.00 | 221.00 | -303.00 | -680.00 | 352.00 | 458.00 | 107.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72.00 | 59.00 | 29.00 | 32.00 | 37.00 | 37.00 | 39.00 | 42.00 | 63.00 | 51.00 | 105.00 | 73.00 |
| Inventory Days | 1.00 | 50.00 | — | — | 286.00 | 74.00 | 320.00 | 547.00 | 152.00 | 137.00 | 153.00 | — |
| Days Payable | 55.00 | 674.00 | — | — | 1,063.00 | 466.00 | 576.00 | 905.00 | 553.00 | 357.00 | 441.00 | — |
| Cash Conversion Cycle | 17.00 | -565.00 | 29.00 | 32.00 | -739.00 | -354.00 | -217.00 | -316.00 | -339.00 | -169.00 | -183.00 | 73.00 |
| Working Capital Days | -3.00 | -22.00 | -35.00 | -55.00 | -159.00 | -151.00 | -115.00 | -106.00 | -177.00 | -182.00 | -223.00 | -153.00 |
| ROCE % | 12.00 | 15.00 | 21.00 | 18.00 | 14.00 | 11.00 | 10.00 | 9.00 | 11.00 | 14.00 | 18.00 | 27.00 |
Corporate Actions
20 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Feb 2026 | 17 Feb 2026 | — | 1.20 | |
| Dividend | 11 Sep 2025 | 11 Sep 2025 | — | 1.00 | |
| Dividend | 17 Feb 2025 | 17 Feb 2025 | — | 1.65 | |
| Dividend | 05 Sep 2024 | — | — | 1.30 | |
| Dividend | 16 Feb 2024 | 16 Feb 2024 | — | 1.80 | |
| Dividend | 05 Sep 2023 | — | — | 1.20 | |
| Dividend | 17 Feb 2023 | 17 Feb 2023 | — | 1.80 | |
| Dividend | 08 Sep 2022 | — | — | 0.65 | |
| Dividend | 21 Feb 2022 | 22 Feb 2022 | — | 0.70 | |
| Dividend | 22 Nov 2021 | 23 Nov 2021 | — | 0.70 | |
| Dividend | 16 Sep 2021 | — | — | 1.70 | |
| Dividend | 18 Aug 2021 | 21 Aug 2021 | — | 0.45 | |
| Bonus | 20 May 2021 | 21 May 2021 | 1:1 | — | |
| Dividend | 23 Feb 2021 | 24 Feb 2021 | — | 1.30 | |
| Dividend | 21 Sep 2020 | — | — | 2.06 | |
| Split | 03 Apr 2020 | 07 Apr 2020 | 10:2 | — | |
| Dividend | 20 Feb 2020 | 24 Feb 2020 | — | 13.45 | |
| Dividend | 26 Aug 2019 | — | — | 10.83 | |
| Dividend | 26 Aug 2019 | — | — | 10.83 | |
| Dividend | 15 Feb 2019 | 19 Feb 2019 | — | 10.72 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update24 Mar from infomerics
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Rating update25 Nov 2025 from infomerics
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Rating update11 Mar 2025 from care
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Rating update22 Nov 2024 from infomerics
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Rating update12 Dec 2023 from care
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Rating update4 Oct 2022 from care