NNextResearch

Ircon International Ltd IRCON

Rail EPC (domestic + international), electrification, bridges

Mapped in 1 theme: Railways / Vande Bharat & Metro Rolling Stock.

From publicly available information

Where Ircon International Ltd sits in the supply chain

Ircon International Ltd appears in 1 supply-chain layer in one theme, Railways / Vande Bharat & Metro Rolling Stock.

Revenue and profit

₹ CrFY24FY25FY26
Revenue12,51410,7609,071
Net profit930728592

Latest-year revenue ₹9,071 Cr (FY26, company-wide). Wider screens show FY22 onwards.

Strengths

  • Navratna PSU with both domestic and international EPC track record, giving it revenue diversification beyond India's own rail capex cycle

Risks

  • Revenue has declined over the last two years
  • Government PSU ownership can constrain strategic and pricing flexibility

Common questions

What does Ircon International Ltd do?

Rail EPC (domestic + international), electrification, bridges.

Where does Ircon International Ltd sit in the supply chain?

Ircon International Ltd (NSE: IRCON) is mapped in 1 supply-chain layer: Railway EPC, Track & Electrification Contractors (Railways / Vande Bharat & Metro Rolling Stock).

Who are Ircon International Ltd's peers?

In the Railway EPC, Track & Electrification Contractors layer of Railways / Vande Bharat & Metro Rolling Stock: Rail Vikas Nigam Ltd, Kalpataru Projects International Ltd, KEC International Ltd, Salasar Techno Engineering, Afcons Infrastructure, Cemindia Projects (fka ITD Cementation India) and 1 more.

What is Ircon International Ltd's market cap and valuation?

As of 30 Oct 2026: market cap ₹9,086 Cr, P/E 17.4x, ROCE 9.3%, ROE 8.2%, dividend yield 1.97%.