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India
As of 18 Sept 2026, 03:30 pm
IRCON International Limited announced a final dividend of ₹0.70 per share for the financial year 2025-26, in addition to an interim dividend of ₹1.20 per share that was paid on February 25, 2026. The company's 50th Annual General Meeting was scheduled for September 24, 2026, where these dividends were to be adopted and declared. News reports also indicated that September 17, 2026, was a record date for dividend payouts, with shares going ex-dividend on that date.
On September 7, 2026, the Comptroller and Auditor General of India appointed M/s. Vinod Singhal & Co LLP as the Statutory Auditors for IRCON International Limited for the financial year 2026-27. The firm confirmed its consent on September 8, 2026. The company also announced changes in directors and Key Managerial Personnel (KMP), including the appointment of Shri Rajesh Naik as Director (Projects) effective February 13, 2026, and Shri Saleem Ahmad as Chairman & Managing Director (additional charge) effective July 1, 2026, for one year. Smt. Ragini Advani was also slated for re-appointment as Director (Finance).
As of September 18, 2026, IRCON International's stock closed at ₹109.85. The stock has experienced negative returns across various periods, including a -0.11 return over 1 month, -0.21 over 3 months, and -0.41 over 1 year. Technical indicators show a bearish trend on daily, weekly, and monthly timeframes, with the Supertrend indicator at 117.49 on a daily basis, suggesting a downward price direction. The stock is trading below its 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) on all observed timeframes.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q4 FY2025-26(Latest) | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 | Q4 FY2024-25 |
|---|---|---|---|---|---|
| Segment Revenue From Operations | ₹3,291.19 crore | ₹2,206.22 crore | ₹2,112.18 crore | ₹1,892.38 crore | PEAK₹3,515.25 crore |
| Income | ₹3,291.19 crore | ₹2,206.22 crore | ₹2,112.18 crore | ₹1,892.38 crore | PEAK₹3,515.25 crore |
| Profit Before Exceptional Items And Tax | ₹227.78 crore | ₹110.37 crore | ₹152.06 crore | ₹193.63 crore | PEAK₹270.24 crore |
| Profit Before Tax | ₹227.78 crore | ₹110.37 crore | ₹152.06 crore | ₹193.63 crore | PEAK₹270.24 crore |
| Revenue From Operations | ₹3,188.98 crore | ₹2,119.04 crore | ₹1,976.75 crore | ₹1,786.28 crore | PEAK₹3,412.07 crore |
| Expenses | ₹3,063.41 crore | ₹2,095.85 crore | ₹1,960.12 crore | ₹1,698.75 crore | PEAK₹3,245.01 crore |
In the quarter ended March 2026, IRCON’s revenue from operations and profit before tax more than doubled from the previous quarter. However, both were lower than the same quarter a year earlier. Finance costs increased for the fifth consecutive quarter, reaching ₹97.34 crore, up 56.2% from the year-ago quarter.
Segment profit before tax in Q4 FY2025-26 was ₹247.83 crore, while total profit before tax was ₹227.78 crore, a difference of ₹20.05 crore. In each of the four quarters of FY2025-26, segment PBT exceeded total PBT. However, in Q4 FY2024-25, total PBT (₹270.24 crore) was higher than segment PBT (₹263.05 crore). The difference arises from corporate-level items not allocated to segments.
Basic and diluted earnings per share were both ₹2.04, down from ₹2.24 in Q4 FY2024-25. The equality of basic and diluted EPS indicates no dilutive equity instruments.
IRCON’s fourth quarter saw a sharp sequential increase in revenue and profit, with profit before tax more than doubling from Q3. However, both revenue and profit were lower than the same quarter a year ago. Finance costs have risen steadily over the past five quarters, and the increase has outpaced the change in revenue, leading to a higher cost burden relative to revenue.
Exchange disclosures and regulatory announcements for IRCON International.
On September 7, 2026, the Office of the Comptroller and Auditor General of India appointed M/s. Vinod Singhal & Co LLP (CR1605) as the Statutory Auditors for IRCON International Limited for the financial year 2026-27, with the firm confirming its consent on September 8, 2026. The appointment covers both standalone and consolidated financial statements under Sections 139 and 129(4) of the Companies Act, 2013, subject to terms stipulated by the CAG. The firm holds a valid ICAI Peer Review Certificate until October 31, 2027.
Ircon International Ltd published a public notice in Financial Express (English) and Jansatta (Hindi) on 2nd September 2026 regarding its 50th Annual General Meeting scheduled for Thursday, 24th September 2026, along with e-voting information, in compliance with SEBI Listing Regulations.
Ircon International Limited will hold its 50th Annual General Meeting on 24th September 2026 at 12:30 P.M. through Video Conferencing. The agenda includes adopting audited standalone and consolidated financial statements for FY ended 31st March 2026, confirming an interim dividend of ₹1.20 per share (paid 25th February 2026) and declaring a final dividend of ₹0.70 per share for FY 2025-26, and re-appointing Smt. Ragini Advani as Director (Finance). Special businesses include appointing Shri Rajesh Naik as Director (Projects) effective 13th February 2026 and Shri Saleem Ahmad as Chairman & Managing Director (additional charge) effective 1st July 2026 for one year.
IRCON International Limited filed its Business Responsibility & Sustainability Report (BRSR) and Independent Assurance Statement for the Financial Year 2025-26 with the BSE and NSE on September 1, 2026. The report, covering a standalone basis for the entity, discloses that EKI Energy Services Limited provided reasonable assurance and identifies key material risks including climate change, water scarcity, and waste management alongside specific ESG targets such as achieving Zero Lost Time Injury Frequency Rate by FY 2026-27. During the reporting period, the company maintained a zero LTIFR, recorded a paid-up capital of INR 1,88,10,31,480, and reported that 99.19% of its turnover stemmed from civil engineering construction activities.
Ircon International Limited announced its 50th Annual General Meeting scheduled for September 24, 2026, to consider the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting agenda includes confirming an interim dividend of ₹1.20 per share and declaring a final dividend of ₹0.70 per share, totaling approximately ₹178.70 Crore. Additionally, shareholders will vote on the re-appointment of Director Ragini Advani, the appointment of Rajesh Naik as Director (Projects) and Saleem Ahmad as Chairman & Managing Director, and the special resolution to appoint Suman Bala as an Independent Non-Executive Director.
Shri P.V. Sreekanth, Executive Director/ S&T of IRCON International Limited, ceased to be a Senior Management Personnel effective 31st August 2026 due to attaining the age of superannuation. The cessation was formally intimated to BSE and NSE on 31st August 2026 in compliance with SEBI (LODR) Regulations. No replacement or new appointment details were disclosed in this specific filing.
Recent market and company developments associated with IRCON International.
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Comprehensive Section Breakdown for IRCON International
Strategic Vision: Infrastructure construction for railways, highways, and electrical systems.
• Specialized construction organization in the infrastructure sector.
• Experience in railway, highway, and electrical project execution.
• Capability to execute projects internationally.
Revenue from operations was ₹3,188.98 crore, up 50.5% from ₹2,119.04 crore in Q3 FY2025-26, but down 6.5% from ₹3,412.07 crore in Q4 FY2024-25. Profit before tax was ₹227.78 crore, a 106.4% increase from ₹110.37 crore in the previous quarter, but a 15.7% decline from ₹270.24 crore a year ago. Net profit for the quarter was ₹191.46 crore, compared to ₹99.85 crore in Q3 and ₹211.78 crore in Q4 last year. Revenue in Q4 was the highest among the four quarters of FY2025-26.
Total expenses were ₹3,063.41 crore, up 46.2% from Q3 but down 5.6% from Q4 last year. The expense-to-revenue ratio was 96.1%, compared to 95.1% in the year-ago quarter. Finance costs rose to ₹97.34 crore, up from ₹93.02 crore in Q3, ₹84.54 crore in Q2, ₹75.21 crore in Q1, and ₹62.30 crore in Q4 FY2024-25. Over this five-quarter period, finance costs increased by 56.2%, while revenue from operations declined by 6.5% from the year-ago quarter. As a result, finance costs consumed a larger share of revenue.
Category: B2B Services
Specializes in railway construction, encompassing new lines, track rehabilitation, station building, electrification, and signaling/telecom installation.
Category: B2B Services
Engages in the construction of highways, bridges, and flyovers, executing projects under EPC and HAM structures.
Category: B2B Services
Designs and executes transmission lines, substations, and industrial electrification projects.
Core Thesis: The company leverages its expertise as an EPC contractor across diverse infrastructure segments to deliver large-scale projects.
• Integrated Project Delivery: Acts as an engineering, procurement, and construction contractor for infrastructure projects. • Subcontractor Network: Relies on a network of subcontractors and suppliers for specialized packages within large-scale deployments. • Diversified Project Scope: Delivers projects across railways, highways, electrical installations, and international construction markets.