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HomeINVESTMENT₹218 Share Got 630.6 Crore Tunnel Construction Project; Massive Growth In Share...

₹218 Share Got 630.6 Crore Tunnel Construction Project; Massive Growth In Share Price

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IRCON(NSE: IRCON), a company which has given multibagger returns to its investors in the last year, has informed about getting a big order on Saturday. 

According to the company, it has received this order from National Highway and Infrastructure Development Corporation Limited i.e. NHIDCL. 

Under the order, the company has to build a tunnel in Mizoram. 

On Friday, despite the fall in the stock market, there was a rise in the stock and the stock closed with a rise of 4 percent.

What Information Has The Company Given?

In the information sent to the stock market, the company said that NHIDCL has awarded a tunnel project in Mizoram in EPC mode. 

Under this project, a 2.5 km long twin tube uni-directional Aizawl bypass tunnel is to be constructed on NH 6, and along with it, a 2.1 km long road is also to be prepared to access the tunnel. The total size of this contract is Rs 630.6 crore. 

The project is expected to be completed in 36 months.

What Is The Performance Of The Stock Market?

The market fell on Friday. However, IRCON’s stock increased by 4 percent to the level of 217. The stock is a multibagger stock. 

The stock has increased 309 percent in one year. The stock has seen a growth of 409 percent in the last 3 years. 

The stock has increased by more than 26 percent in the last 3 months.

How Have Been The Company’s Results?

The company’s consolidated total sales in the December quarter were Rs 2884 crore, an increase of 23 percent compared to last year. 

The profit in the December quarter was Rs 244.65 crore, an increase of 29 percent compared to last year. 

The EBITDA has increased by 41 percent on a year-over-year basis.

About Ircon International Ltd 

Ircon International Limited is a company that specializes in rail and engineering construction based in India. 

It is a PSU that specializes in large, technologically complex infrastructures in different sectors. 

The Company is involved in railways and highways as well as bridges and tunnels. 

It also operates in metros, railway electrification, and extra-high voltage substations. 

It is active in India, Malaysia, Nepal and Bangladesh. It began its business in 1975 and progressed in 1985.

Fundamental Analysis of IRCON

Market Cap₹ 20,390 Cr.
Current Price₹ 217
52-wk High₹ 281
52-wk Low₹ 52.0
Stock P/E21.7
Book Value₹ 58.9
Dividend1.38 %
ROCE15.7 %
ROE15.4 %
Face Value₹ 2.00
P/B Value3.68
OPM6.60 %
EPS₹ 9.99
Debt₹ 1,680 Cr.
Debt to Equity0.30

IRCON International Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 274₹ 315
2025₹ 324₹ 347
2026₹ 376₹ 400
2027₹ 422₹ 495
2028₹ 512₹ 575
2029₹ 645₹ 785
2030₹ 845₹ 1100
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IRCON Shareholding Pattern

Promoters Holding
Dec 202273.18%
Mar 202373.18%
June 202373.18%
Sept 202373.18%
Dec 202365.17%
FII Holding
Dec 20222.71%
Mar 20233.99%
June 20235.17%
Sept 20234.01%
Dec 20234.11%
DII Holding
Dec 20221.82%
Mar 20231.87%
June 20230.80%
Sept 20230.36%
Dec 20230.93%
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Govt. Holding
Dec 20220.00%
Mar 20230.26%
June 20230.26%
Sept 20230.26%
Dec 20230.26%
Public Holding
Dec 202222.28%
Mar 202320.71%
June 202320.59%
Sept 202322.17%
Dec 202329.51%

IRCON Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2019₹ 4,798 Cr
2020₹ 5,391 Cr
2021₹ 5,350 Cr
2022₹ 7,380 Cr
2023₹ 12,369 Cr
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Last 5 Years’ Net Profit:

2019₹ 450 Cr
2020₹ 485 Cr
2021₹ 391 Cr
2022₹ 592 Cr
2023₹ 939 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.65
20200.44
20210.07
20220.03
20230.29

Last 10 Years’ Profit Growth:

10 Years:-1%
5 Years:13%
3 Years:18%
Current Year:25%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:12%
3 Years:13%
Last Year:15%

Sales Growth Over 10 Years:

10 Years:9%
5 Years:21%
3 Years:24%
Current Year:30%

Conclusion

This article is a complete guide about  Ircon International Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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