Is the Ircon International’s share a good choice for long-term investment? Is it the right time to buy the Ircon’s share? Can profit be made from this stock in a short time?
Friends, if you are also searching for answers to all these questions on Google, then you are in the right place. Today in this article we will discuss in detail about the future of Ircon International Limited shares, we will find out the estimated Ircon share price target for year 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
To predict Ircon stock, we will use our internal research as well as the company’s technical analysis, business figures, financial results and future projects.
We will analyze the performance of the company’s shares from recent times to the last few years ,this will provide well researched article of Ircon share price target for 2023, 2025, 2030 to 2050.
Table of Contents
Ircon International Limited Overview
Ircon International Limited (IRCON) is a leading public sector undertaking in India, specializing in infrastructure construction. It was incorporated in 1976 under the Ministry of Railways. The company has a pan-India presence and has also executed projects in over 20 countries across the globe. IRCON’s core business areas include railways, bridges, tunnels, highways, airports, and urban infrastructure. The company has a strong track record of completing projects on time and within budget.
How Ircon International Generates Revenue?
Ircon generates revenue from following sources –
- Construction contracts: IRCON’s primary source of revenue is from construction contracts awarded by government agencies and private sector clients. These contracts typically involve the design, construction, and commissioning of infrastructure projects such as railways, bridges, tunnels, highways, airports, and urban infrastructure.
- Project management: IRCON also provides project management services to clients who require assistance with the planning, execution, and monitoring of their infrastructure projects. This involves activities such as scheduling, budgeting, resource allocation, and risk management.
- Operation and maintenance (O&M) contracts: IRCON also provides O&M services for infrastructure projects it has constructed. These services typically involve the routine maintenance and repair of assets, as well as the provision of technical support and training.
- Rental income: IRCON also generates revenue from the rental of construction equipment and machinery. This equipment is typically rented to other infrastructure contractors and developers.
Revenue per Business Specification
| Specifications (in INR Million) | 2022 | Weightage | 2023 | Weightage | Changes |
|---|---|---|---|---|---|
| Railways | 63,877 | 86.6 % | 93,135 | 89.8 % | +45.80% |
| Highway | 7,982 | 10.8 % | 8,188 | 7.9 % | +2.58% |
| Building | 1,420 | 1.9 % | 1,652 | 1.6 % | +16.37% |
| Others | 517 | 0.7 % | 704 | 0.7 % | +36.10% |
Shareholding of Ircon International Limited
As of September 2023, Shareholding of Ircon are as –
- Promotors – 73.18%.
- Retail & Others- 22.49%.
- Foreign Institution- 4.01%.
- Other Domestic Institution- 0.30%.
- Mutual Fund- 00.02%.
Ircon International Limited Share
Ircon is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Promotors holds the majority stake in the company. As on 21 Nov 2023, Ircon Ltd Share value was Rs.162.80/-
Greenpanel Share 52 week high at Rs. 174.45/- & 52 week low Rs. 48.75/-.
| Company Name | Ircon International Limited |
| Share Name | IRCON | 541956 |
| Sector | Railway Infrastructure |
| Headquarter | New Delhi |
| Foundation | 1976 |
| Key Person | Mr. Yogesh Kumar Mishra (MD &Chairman) |
| Market Cap | Rs.15,325 Crore |
| Revenue | Rs.10,261 Crore |
| Official Website | Click Here |
Ircon Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 165 | 180 |
| 2024 | 182 | 202 |
| 2025 | 205 | 227 |
| 2026 | 230 | 260 |
| 2027 | 262 | 280 |
| 2028 | 285 | 310 |
| 2029 | 314 | 340 |
| 2030 | 345 | 370 |
| 2040 | 705 | 750 |
| 2050 | 1140 | 1220 |
Note:- “That these share price targets for “Ircon International Limited Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of Ircon International Ltd
Annual Results Summary 2022-23 of Ircon Limited –
- Revenue from Operations: ₹25,630 crore (US$3.6 billion)
- Profit Before Tax (PBT): ₹1,137 crore (US$160 million)
- Net Profit: ₹730 crore (US$103 million)
- Earnings per Share (EPS): ₹19.36 (US$0.27)
Last 5 Year History of Ircon Share
In Last 5 year Ircon Limited Share give 285% returns to its Investors.
| Year | Share Price |
| Nov 2019 | 40 |
| Nov 2020 | 42 |
| Nov 2021 | 47 |
| Nov 2022 | 61 |
| Nov 2023 | 162 |
Ircon Share Price Target 2023
Ircon Limited has INR 2883 Crores in net sales and EBITDA is 9.85 in March 2023. The book value per share for Ircon was INR 58.10, and the company’s adjusted EPS was INR 9.23. The firm had a net debt-to-equity ratio of 0 and an ROE of 15.85%, Both debt-to-equity & ROE ratio of Company is very good. By considering this ratio, As per our Analysis Ircon First Target for 2023 is Rs.165 & Second Target is Rs.180.
Ircon share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹165 | ₹180 |
Ircon Share Price Target 2024
Ircon Limited Successful completed New Bongaigaon-Guwahati-Dibrugarh section of the East-West Rail Corridor project. By considering this ratio, As per our Analysis Ircon First Target for 2023 is Rs.165 & Second Target is Rs.180.
Ircon share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹182 | ₹202 |
Ircon Share Price Target 2025
IRCON has a strong order book of ₹38,892 crore (US$5.5 billion), which provides visibility for future growth. The order book includes projects across various sectors, including railways, highways, bridges, urban infrastructure, and electrical transmission lines.
Ircon share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹205 | ₹227 |
Ircon Share Price Target 2026
IRCON has a diversified geographical presence with projects in over 21 countries, including India, Bangladesh, Vietnam, Sri Lanka, Nepal, Algeria, Ethiopia, and Iran. This global footprint allows the company to tap into new markets and opportunities. You may see the initial target of Rs.230 with extraordinarily good returns if you look at Ircon’s share price objective through 2026.
Ircon share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹230 | ₹260 |
Ircon Share Price Target 2027
IRCON is well-positioned for future growth with a strong order book, a diversified portfolio of projects, and a commitment to innovation and technological advancement. Viewing previous years growth of Ircon Industries Limited Share, We forecast that for year 2027 Ircon first target is Rs.262 and Second target may be Rs.280.
Ircon share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹262 | ₹280 |
Ircon Share Price Target 2028
On Positive side, we anticipated that for year 2028 Ircon first target is Rs.285 and Second target may be Rs.310.
Ircon share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹285 | ₹310 |
Ircon Share Price Target 2029
The company is poised to play a leading role in India’s infrastructure development drive and expand its global footprint in the years to come. On Positive side, we anticipated that for year 2028 Ircon first target is Rs.285 and Second target may be Rs.310.
Ircon share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹314 | ₹340 |
Ircon Share Price Target 2030
IRCON is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility. The company has been awarded the ISO 14001:2015 certification for its environmental management system.
Ircon share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹345 | ₹370 |
FAQs
Ircon International Ltd has declared an equity dividend of 150.00% amounting to Rs 3 per share for the financial year 2023.
Ircon International Limited, a leading infrastructure construction company in India, is poised for continued growth in the coming years. The company’s strong order book, diversified project portfolio, and focus on innovation position it well to capitalize on India’s growing infrastructure needs. Additionally, IRCON’s expanding global presence opens up new avenues for growth.
Yes, Ircon International Limited is considered a good long-term investment. The company has a strong track record of profitability and growth, company gives Profit growth of 16.62% in last three years, ROE of the company is 12.45% for three years, Ircon also a debt free company.
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