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Ircon International
SectorIndustrials
Ircon International Limited is an Indian integrated engineering and construction company specializing in infrastructure sectors like railways, highways, bridges, tunnels, and metro projects. It offers engineering, procurement and construction (EPC) services for various infrastructure projects on lumpsum turnkey, EPC and item-rate basis. The company executes projects domestically and internationally, including coal connectivity projects through joint ventures. It has completed around 300 domestic and 100 international projects across 25 countries. Ircon operates as a public sector enterprise under the Ministry of Railways, with the Government of India holding 73.18% stake. The company is listed on Indian stock exchanges after an IPO in 2018.
In the news
IRCON shares surge 3% on ₹3,000 cr highway asset monetisation plan
IRCON shares jump 6% after securing ₹862 cr railway contract
Railway PSU stocks crash up to 6% on profit booking after rally
IRCON International gets hold rating, target Rs 136
IRCON Q1 profit drops 43.6% to ₹93 crore despite revenue growth
DII Holdings Hit Record 21% in Nifty 500 as Banking Sector Rotation Continues
IRCON JV wins ₹763 cr Tripura smart grid project
Prabhudas Lilladher sets Engineers India target at ₹271 amid T&D sector growth
Supreme Court stays IRCON's ₹79 crore VAT demand
IRCON, RVNL shares surge 11% on railway PSU merger reports
Company insights, generated from the most recent coverage.
The ₹862 crore Son Nagar–Andal order carries a 365-day execution window — unusually short for railway EPC, so revenue recognition could land fast but any delay hits FY27 numbers immediately.
RVNL CMD Saleem Ahmad holds additional charge as Ircon CMD from Jul 1, 2026 for one year — shared leadership across two railway PSUs raises questions on management bandwidth and possible overlap in bid strategy.
Q1 FY27 standalone core EBITDA margin slipped to 5.3% from 6.2% and consolidated PBT fell 40.1% YoY as finance costs rose to ₹107 crore from ₹75 crore — leverage cost is now eating into a thin-margin EPC model.