Ircon International Ltd. News and Updates

Name: Latest research reports of Ircon International Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Ircon International Ltd.
Rating: 5
Author: IDBI Capital

Keep track of all breaking news on Ircon International Ltd. from all sources in a single place.

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Ircon International Ltd.

07 Dec 2022, 07:33PM

145.95

-1.86%

IRCON secures order worth $14.89 million in Sri Lanka

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IRCON has secured the work on competitive bidding basis and the contract period will be 24 months from the date of signing of the contract agreement

Ircon International Ltd. has lost -37.24% in the last 1 Year

Ircon International Ltd.

14 Nov 2022

145.95

-1.86%

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Ircon International Ltd.

06 Oct 2022

145.95

-1.86%

Parag Verma takes over as Director (Works) at IRCON

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Ircon International is a Miniratna public sector enterprise and a leading turnkey construction company. The company is in railways, highways and extra high tension substation engineering and construction.

Ircon International Ltd. has lost -37.24% in the last 1 Year

Ircon International Ltd.

09 Aug 2022, 10:25AM

145.95

-1.86%

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Ircon International Ltd.

31 May 2022

145.95

-1.86%

IRCON International: Q4FY22 Result Review

Buy: Ircon International Ltd.

Target

IDBI Capital

Ircon International .. has an average target of 268.00 from 2 brokers.

Ircon International Ltd.

30 May 2022

145.95

-1.86%

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Ircon International Ltd.

14 Jan 2022

145.95

-1.86%

Ircon International incorporates unit called Ircon Haridwar Bypass Ltd

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Ircon International Limited (IRCON) in its regulatory filing on Friday announced that it has incorporated a wholly owned the subsidiary company named Ircon Haridwar Bypass Limited

Ircon International Ltd. has lost -37.24% in the last 1 Year

Ircon International Ltd.

26 Nov 2021

145.95

-1.86%

IRCON emerges as the lowest bidder in 2 projects worth 1,500 crore

Business Line

IRCON bagged construction of Shirsad to Akloli Section of Vadodara-Mumbai Expressway and a CMRL track works and allied works project between Light House and Poonamalle depot

Ircon International .. has an average target of 268.00 from 2 brokers.

Ircon International Ltd.

22 Nov 2021

145.95

-1.86%

IRCON emerges lowest bidder for Sri Lanka, Bangladesh railway projects

Business Line

Project in Sri Lanka is for a railway signalling system from Maho Junction to Anuradhapura

Ircon International Ltd. has lost -33.19% in the last 6 Months

Ircon International Ltd.

17 Nov 2021

145.95

-1.86%

IRCON International: Q2FY22 Result Review

Buy: Ircon International Ltd.

Target

IDBI Capital

IRCON international (IRCON) Q2FY22 PAT came 10% higher than our estimate. This is led by higher other income. H1FY22 revenue increased by 71% YoY and IRCON targets FY22E Revenue at ~Rs60-70bn but expect softness in margin. Based on guidance, H2FY22 implies revenue to increase by 1% to 29% YoY. But due to expectation of weak margin we have cut EPS for FY22E/23E by 9%/10% (exhibit 8). H1FY22 Order book at Rs349bn provides revenue visibility at 6x TTM Revenue. YTDFY22 order inflow (won on competitive bidding) is at Rs27bn and additionally company emerged as L-1 bidder in project worth Rs86bn. We have roll forward TP to FY24E at Rs58, valued at PER of 10x...