# IRCON share price today (Ircon International Ltd, NSE: IRCON)

> IRCON share price today: ₹99.84 at the NSE close on 3 November 2026, down 41.1% in a year. Ircon International (NSE: IRCON) is worth ₹9,393 crore, trades at a P/E of 18.0 and has closed between ₹96.63 and ₹179.22 over the past 52 weeks. > Ircon International Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IRCON · Infra - Engineering - General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ircon-international-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹99.84 (−41.1% in a year)
- P/E: 18.0× (higher than 65% of the last 8.1 years)
- Revenue (Jun 2026): ₹1,956 Cr (+9.5% on a year ago)
- Profit (Jun 2026): ₹92.0 Cr (−43.9% on a year ago)
- Operating margin: 10.0% (−1.0 points on a year ago)
- ROCE: 9%, FY26
- ROIC: 6.3%, against a 12.0% cost of capital: −5.7 points

Biggest thing to watch: the P/E is higher than 65% of its own history, so the multiple has already done part of the work. ## What is the IRCON share price today? Ircon International Ltd's share price was ₹99.84 at the close on 3 November 2026. It has been falling for 63 weeks. That is 24.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹97 and ₹179, and at that close it sat 4% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running. Over the last 8.1 years the share price moved +140% while the NIFTY 500 moved +142%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at IRCON this quarter? One change stood out: revenue grew again in the June 2026 quarter. 1. Revenue grew again in the June 2026 quarter Revenue was ₹1,956 crore, +9.5% on a year earlier (₹1,786 crore), after 8 quarters of decline. ## What dividend does IRCON pay? IRCON paid ₹1.90 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.90% at the ₹99.84 close on 3 November 2026. The last was a dividend of ₹0.70 a share, ex-date 17 September 2026. ### IRCON dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Sep 2026 | ₹0.70 | Dividend | same day |
| 17 Feb 2026 | ₹1.20 | Interim | same day |
| 11 Sep 2025 | ₹1 | Dividend | same day |
| 17 Feb 2025 | ₹1.65 | Interim | same day |
| 5 Sep 2024 | ₹1.30 | Dividend | n/a |
| 16 Feb 2024 | ₹1.80 | Interim | same day |
| 5 Sep 2023 | ₹1.20 | Dividend | n/a |
| 17 Feb 2023 | ₹1.80 | Interim | same day |
| 8 Sep 2022 | ₹0.65 | Dividend | n/a |
| 21 Feb 2022 | ₹0.70 | Interim | 22 Feb 2022 |
| 22 Nov 2021 | ₹0.70 | Interim | 23 Nov 2021 |
| 16 Sep 2021 | ₹1.70 | Dividend | n/a |
| 18 Aug 2021 | ₹0.45 | Interim | 21 Aug 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Ircon International Ltd paid out 30% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are IRCON's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), IRCON reported revenue of ₹1,956 crore, up 9.5% from ₹1,786 crore a year earlier, and a profit of ₹92.0 crore, down 43.9% from ₹164 crore. ### IRCON results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,956 crore | ₹1,786 crore | +9.5% |
| Profit | ₹92.0 crore | ₹164 crore | −43.9% |
| Earnings per share | ₹0.99 | ₹1.75 | −43.4% |
| Operating margin | 10.0% | 11.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). IRCON's management discussed these results on a call held on 30 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the IRCON share price history? IRCON closed at ₹99.84 on 3 November 2026, down 41.1% from ₹169.62 a year earlier (31 October 2025) and up 109.3% over five years. Its highest weekly close since September 2018 was ₹336.80 on 12 July 2024. ### IRCON share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹97.62 | +2.3% |
| 1 month ago · 1 Oct 2026 | ₹110.25 | −9.4% |
| 6 months ago · 30 Apr 2026 | ₹152.20 | −34.4% |
| 1 year ago · 31 Oct 2025 | ₹169.62 | −41.1% |
| 3 years ago · 3 Nov 2023 | ₹142.35 | −29.9% |
| 5 years ago · 4 Nov 2021 | ₹47.70 | +109.3% |
| Earliest weekly close in our records · 28 Sep 2018 | ₹41.53 | +140.4% |
| Highest weekly close since September 2018 · 12 Jul 2024 | ₹336.80 | −70.4% |
| Lowest weekly close since September 2018 · 30 Aug 2019 | ₹33.89 | +194.6% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹179.22 | −44.3% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹96.63 | +3.3% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (429 weekly closes from 28 September 2018 to 3 November 2026.)

## What is the latest news on IRCON? 3 Nov 2026: IRCON closed at ₹99.84, up 2.3% on the week and down 9.4% on the month. 30 Sep 2026: IRCON held its results call for April to June 2026. Management guided: Current-year turnover flat versus last year; next year slightly better, current-year orders planned near turnover, and medium-term growth expected. ### Earlier

- 17 Sep 2026: ex-date for a dividend of ₹0.70 a share. - Results for April to June 2026: Revenue up 9.5% and profit down 43.9% on a year earlier. - 17 Feb 2026: ex-date for an interim dividend of ₹1.20 a share. ## What did IRCON management say on the latest results call? On the call for April to June 2026, held on 30 September 2026, IRCON's management guided: Current-year turnover flat versus last year; next year slightly better, current-year orders planned near turnover, and medium-term growth expected. > “We will not bid merely for the sake of bidding.”
> Ragini Advani, Director Finance, on the call for April to June 2026

### What management guided

- Profit margin approximately 6-7%. - Further profit margin decline limited to 25-50 basis points. - negative operating cash flow expected for at least another year, with positive operating cash flow perhaps in 1-2 years. - HAM projects to become operational next financial year; JCRL completion and CRL-1 break-even also planned next financial year. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/2495-30-Sep-2026.pdf). (From the call for April to June 2026, 30 September 2026.)

## What to watch in IRCON's next results? When IRCON reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Order wins and exchange announcements - check whether current opportunities convert into awards after the aggressive-bidding push. - What to check (from the call)
- Order wins and exchange announcements - check whether current opportunities convert into awards after the aggressive-bidding push. - HAM commissioning and consolidated turnover - check whether under-construction assets begin moving toward operational revenue. - Road-asset monetization - check advisor progress and Government approvals toward the stated process window. ## Which stock lists is IRCON on? IRCON is on 2 of our India lists: 52 week high & low and Dividend stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.88](https://www.sectoralpha.in/dividend-stocks-india)

## Is IRCON profitable? Ircon International Ltd earned ₹92.0 Cr of net profit in the Jun 2026 quarter, −43.9% on the same quarter a year earlier. Full-year FY26 profit was ₹592 Cr. Over 10 years profit has grown 4.2% a year on average. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned ₹164 Cr. For the full year, FY26 profit was ₹592 Cr (−18.7% on the year before). Why profit moved: revenue changed +9.5% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −17.8% and revenue −8.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does IRCON make, and is it growing? Ircon International Ltd reported ₹1,956 Cr of revenue in the Jun 2026 quarter, +9.5% on the same quarter a year earlier. Over 10 years it has grown 13.8% a year on average. The last full year, FY26, came in at ₹9,071 Cr. The last four reported quarters add to ₹9,241 Cr. FY26 revenue was ₹9,071 Cr, −15.7% on the year before. Recent pace: the last four quarters grew −8.8% on average, against 13.8% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −9.9%, against −12.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −22.2%, against −26.7% a year (accelerating). ## How much of every ₹100 of sales does IRCON keep? Ircon International Ltd's operating margin was 10.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 24.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.4 percentage points on the year while gross margin changed −0.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is IRCON's profit turning into cash? Over the last 3 years Ircon International Ltd's operations used more cash than they brought in, so cash conversion was −80%, a gap worth watching. In FY26 its operations used ₹618 Cr of cash, against ₹592 Cr of profit. After ₹853 Cr of spending on assets, free cash was −₹1,471 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −80% of profit came in as cash: the cash cycle got 109 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 7.0× depreciation over three years. The next section checks what that spending is building. ## Where does IRCON's cash go? Ircon International Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −468 days in FY26, down from −359 days in FY21. It spent ₹2,656 Cr on assets over the last 3 years. Customers take 56 days to pay, and stock sits for 6 days on average. At FY26 sales of ₹9,071 Cr, each day of that cycle ties up about ₹24.9 Cr, so roughly −₹11,631 Cr is tied up in the business at any time. FY26: customers took 56 days to pay and stock sat for 6 days, about 0.2 months of sales sitting as stock, for a full cycle of −468 days, shorter than FY21's −359. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 6 days. Customers pay about 56 days after that. Suppliers are paid at 530 days. Together that makes the −468-day cycle. Spending on assets: ₹2,656 Cr over the last 3 years, against ₹381 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹595 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is IRCON's P/E ratio, and how does it compare with its own history? Ircon International Ltd's P/E is 18.0×, in the middle of its own history: higher than 65% of past readings. Its usual P/E (the middle reading) is 10.8×, over 8.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −18.1% while the price moved −41.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +15.9% a year; about +3.3% a year came from earnings growth and about +12.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the IRCON business getting better or worse? Ircon International Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −9.9% in the latest quarter, against +32.6% at its best in 12 quarters, with ROCE steady at 8.1%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does IRCON earn on its capital? Ircon International Ltd earned a ROCE of 9% in FY26. Its return on capital used (ROIC) is 5.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 6.5% net margin and 0.43× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.5% net margin × 0.43× asset turnover × 3.21× leverage (assets divided by equity) ≈ 9.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 6.3% − 12.0% = −5.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 6.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 7.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does IRCON have too much debt? Ircon International Ltd has total debt of ₹5,726 Cr against shareholder equity of ₹6,671 Cr as of Jun 2026, so its debt is 0.86× its equity. Year by year, that ratio went from 0.30 in FY22 to 0.86 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the IRCON shareholding pattern? No group of Ircon International Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.2 points over the same period, to 1.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.7 points over 8 quarters, to 4.6%; Domestic institutions: +0.2 points over 8 quarters, to 1.8%; Promoters: +0.0 points over 8 quarters, to 65.2%. ## How far is IRCON from balance-sheet trouble? For Ircon International Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does IRCON rank in its industry? 32.8 out of 100, rank 5 of 8 in Infra - Engineering - General, with 96% of the evidence available. Ircon International Ltd scores 32.8 out of 100 against the 8 companies it is compared with in Infra - Engineering - General, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.7 + 9.8 + 10.3 + 0 = 32.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is IRCON compared with? IRCON ranks 5 of 8 Infra - Engineering - General companies on the 4-Factor Sector Score, with 32.8 out of 100. 1. [Engineers India Ltd](https://www.sectoralpha.in/stocks/engineers-india-ltd) ENGINERSIN · breaking out · Sector-leading setup · 100% evidence 85.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Revenue 6% · Profit 67.2% · Operating margin change 11 points · 100% evidence Capital efficiency 21.8/25 · ROCE 30.4% · Operating margin 21% · 100% evidence Valuation 16.5/20 · P/E 15.8× · PEG 0.54 · 100% evidence Relative strength 20.0/20 · Lead over its industry 17.7% · Lead over NIFTY 500 16% · 1 year 24.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.6 + 21.8 + 16.5 + 20 = 85.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Axtel Industries Ltd](https://www.sectoralpha.in/stocks/axtel-industries-ltd) AXTEL · breaking out · Most evidence points up · 81% evidence 71.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 42.1% · Profit 97.3% · Operating margin change 2.3 points · 88% evidence Capital efficiency 15.1/25 · ROCE 30% · Operating margin 7.8% · 100% evidence Valuation 15.4/20 · P/E 21.3× · PEG 0.72 · 100% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 1.2% · 1 year -13.6% · 25% evidence · 0 of 5 weeks ahead Exact sum: 29.9 + 15.1 + 15.4 + 10.8 = 71.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [ISGEC Heavy Engineering Ltd](https://www.sectoralpha.in/stocks/isgec-heavy-engineering-ltd) ISGEC · breaking out · Evidence leans up · 96% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 19.5% · Profit 5.7% · Operating margin change -3 points · 88% evidence Capital efficiency 13.1/25 · ROCE 11.2% · Operating margin 6% · 100% evidence Valuation 7.1/20 · P/E 25.9× · PEG 1.64 · 100% evidence Relative strength 19.5/20 · Lead over its industry 10.6% · Lead over NIFTY 500 9% · 1 year 4.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 19 + 13.1 + 7.1 + 19.5 = 58.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [BGR Energy Systems Ltd](https://www.sectoralpha.in/stocks/bgr-energy-systems-ltd) BGRENERGY · turning · Too little evidence to rank firmly · 53% evidence 33.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue -38.3% · Profit -10.9% · Operating margin change -529 points · 65% evidence Capital efficiency 0.3/25 · ROCE -26.9% · Operating margin -648% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 9.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -4.7% · 1 year -35.7% · 25% evidence · 2 of 12 weeks ahead Exact sum: 14 + 0.3 + 10 + 9.2 = 33.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. Ircon International Ltd this page IRCON · quiet · Most evidence points down · 96% evidence 32.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue -9.9% · Profit -22.2% · Operating margin change -1 points · 88% evidence Capital efficiency 9.8/25 · ROCE 9.3% · Operating margin 10% · 100% evidence Valuation 10.3/20 · P/E 17.4× · PEG 1.13 · 100% evidence Relative strength 0.0/20 · Lead over its industry -25.5% · Lead over NIFTY 500 -26.4% · 1 year -43% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 9.8 + 10.3 + 0 = 32.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [EMS Ltd](https://www.sectoralpha.in/stocks/ems-ltd) EMSLIMITED · quiet · Most evidence points down · 81% evidence 31.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.3/35 · Revenue -34.1% · Profit -63.4% · Operating margin change -6 points · 88% evidence Capital efficiency 12.8/25 · ROCE 12.8% · Operating margin 17% · 100% evidence Valuation 3.2/20 · P/E 22.9× · PEG 2.09 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.9% · 1 year -46.8% · 25% evidence · 6 of 12 weeks ahead Exact sum: 7.3 + 12.8 + 3.2 + 8 = 31.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Bondada Engineering Ltd](https://www.sectoralpha.in/stocks/bondada-engineering-ltd) BONDADA · basing · Too little evidence to rank firmly · 50% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue n/a · Profit n/a · Operating margin change -1 points · 45% evidence Capital efficiency 19.8/25 · ROCE 39.4% · Operating margin 11% · 76% evidence Valuation 15.0/20 · P/E 14× · PEG n/a · 50% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.8% · 1 year -39% · 25% evidence · 1 of 5 weeks ahead Exact sum: 17.7 + 19.8 + 15 + 8.6 = 61.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Artson Ltd](https://www.sectoralpha.in/stocks/artson-ltd) ARTSON · Too little evidence to rank firmly · 48% evidence 28.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.3/43.75 · Revenue 8.7% · Profit -80% · Operating margin change -2.9 points · 83% evidence Capital efficiency 6.1/31.25 · ROCE -14.6% · Operating margin 4.5% · 76% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 10.3 + 6.1 + 12.5 = 28.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Infra - Engineering - General](https://www.sectoralpha.in/sectors/infra-engineering-general), all 8 compared on one page. ## Which companies are close to IRCON in size? IRCON is the 2nd largest of 8 Infra - Engineering - General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Engineers India. Just below it: ISGEC Heavy Engineering, Bondada Engineering, BGR Energy Systems, EMS and Axtel Industries. ### Infra - Engineering - General companies close in size

1. [Engineers India Ltd](https://www.sectoralpha.in/stocks/engineers-india-ltd) ₹14,155 crore
2. Ircon International Ltd ₹9,088 crore
3. [ISGEC Heavy Engineering Ltd](https://www.sectoralpha.in/stocks/isgec-heavy-engineering-ltd) ₹6,762 crore
4. [Bondada Engineering Ltd](https://www.sectoralpha.in/stocks/bondada-engineering-ltd) ₹2,943 crore
5. [BGR Energy Systems Ltd](https://www.sectoralpha.in/stocks/bgr-energy-systems-ltd) ₹2,034 crore
6. [EMS Ltd](https://www.sectoralpha.in/stocks/ems-ltd) ₹1,560 crore
7. [Axtel Industries Ltd](https://www.sectoralpha.in/stocks/axtel-industries-ltd) ₹666 crore

[All 8 Infra - Engineering - General companies, largest first](https://www.sectoralpha.in/sectors/infra-engineering-general#all-companies)

### Companies close in size in other industries

1. [Kingfa Science & Technology (India) Ltd](https://www.sectoralpha.in/stocks/kingfa-science-technology-indialtd) ₹9,192 crore · Plastics - Plastic & Plastic Products
2. [Shiprocket Ltd](https://www.sectoralpha.in/stocks/shiprocket-ltd) ₹9,173 crore
3. Ircon International Ltd ₹9,088 crore
4. [Augmont Enterprises Ltd](https://www.sectoralpha.in/stocks/augmont-enterprises-ltd) ₹9,077 crore
5. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) ₹9,058 crore · IT - Software

## What else do people ask about IRCON? ### What is IRCON's share price today? Ircon International Ltd's share price is ₹99.84, −41.1% over the past year. The whole company is worth ₹9,393 Cr on the market. In the last 52 weeks it traded between ₹97 to ₹179; today it is 4% of the way up from the low, 24.1% below its 200-day average (as of 3 November 2026). ### What were IRCON's latest quarterly results? Ircon International Ltd reported revenue of ₹1,956 Cr and net profit of ₹92.0 Cr for the Jun 2026 quarter. Revenue rose 9.5% and profit fell 43.9% compared with a year earlier. Earnings per share were ₹0.99. The operating margin was 10.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is IRCON's market cap? Ircon International Ltd's market capitalisation is ₹9,393 Cr at a share price of ₹99.84. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is IRCON performing? Ircon International Ltd's share price has been falling for 63 weeks. In its latest quarter, revenue rose 9.5% and profit fell 43.9% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will IRCON's share price go up? This page does not forecast Ircon International Ltd's share price. What it shows instead: the share price is ₹99.84, and it has been falling for 63 weeks. Its P/E of 18.0× is higher than 65% of its own last 8 years (as of 3 November 2026). ### Who owns IRCON? Promoters own 65.2% of Ircon International Ltd, foreign institutions 4.6%, domestic institutions 1.8% and the public 28.1% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does IRCON have too much debt? Ircon International Ltd has a moderate amount of debt: its debt is 0.86× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹5,726 Cr against equity of ₹6,639 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is IRCON in its business cycle? Ircon International Ltd's FY26 operating margin was 8.0%, against a 13-year range of 7.0% to 24.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the IRCON story? Biggest thing to watch: the P/E is higher than 65% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is IRCON a stock worth studying right now? What the numbers show: Ircon International Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a IRCON share price forecast for 2026? What management itself guided: Current-year turnover flat versus last year; next year slightly better, current-year orders planned near turnover, and medium-term growth expected. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

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