IRCON International Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHighest safetyRated AAA by Infomerics.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 9.5% and profit fell 44% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 65% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 18.1 times its yearly earnings (P/E), cheaper than 55% of the time in the last 5 years. Its usual P/E is about 11.

IRCON International Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)18.1 against a typical 14.4: pricier than most peers (1st = cheapest).108th of 181
• Sales growth+9.5% against a typical +8.6% from a year earlier.72nd of 147
• Profit growth−43.9% against a typical 0% from a year earlier.89th of 130
• Share price, 3 months−20.5% against a typical −13.1%.117th of 164

Exchange filings and their impact on the company.

• 26 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyMedium impactNegativePrice +1.1% on 27 Oct
  Rs 72.4 cr GST demand contested in High Court with interim stay - 12% of annual profit at risk.

  Ircon received a GST notice from Dehradun CGST Audit alleging inadmissible input tax credit of Rs 72.41 crore on sub-contractor works-contract invoices. Ircon filed a writ petition in the Uttarakhand High Court at Nainital. On 26 October 2026 the Court asked the department to file a counter in 4 weeks, Ircon to reply to the show-cause in 2 weeks, and directed the GST authority not to pass an order till the next hearing.

  Full analysisFiling
• 12 Oct 2026Bagging/Receiving of orders/contractsHigh impactPositivePrice +1.2% on 13 Oct
  Ircon won a Rs 862.5 cr railway track EPC order executable in one year, adding ~9% to revenue.

  Ircon International has received a Letter of Acceptance from East Central Railway for EPC track works in the Gomoh-Koderma and Gaya-Son Nagar sections for the Son Nagar-Andal 3rd and 4th line project. The order is worth Rs 862.46 crore and is to be executed in 365 days. With full execution due in the next 12 months, it adds about 9% to annual revenue and supports order-book replenishment after a sharp revenue decline.

  Full analysisFiling
• 9 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +1.2% that day
  Ircon won a Rs 96.25 cr 5-year maintenance contract, adding ~0.2% to annual revenue.

  Ircon International has received a Letter of Acceptance dated 8 October 2026 from Konkan Railway Corporation for a domestic works contract. The contract is a 5-year Comprehensive Annual Maintenance Contract for tunnel communication systems in the Katra-Banihal section, valued at Rs 96.25 crore inclusive of GST. Spread over 60 months, it adds about Rs 19 crore per year, a small incremental addition to Ircon's ~Rs 9,071 crore FY26 revenue base.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Saleem Ahmad

Chairman of the Board, Chief Executive Officer, Managing Director

Alin Roy Choudhury

Chief Financial Officer, Chief Investor Relations Officer

Ragini Advani

Director (Finance), Executive Director

Pratibha Aggarwal

Compliance Officer, Company Secretary

Vinod Kumar

Executive Director - Civil

Ajit Kumar Mishra

Director (Works), Executive Director

Vijender Singh

Executive Director - Works

M. Ravi Sankar Chowdary

Project Director (Chhattisgarh)