# IRCON International Ltd (IRCON) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ircon

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹108.56
- Change: +1.70%
- As of: 2026-11-06
- 1D return: +1.70%
- 5D return: +12.35%
- 1M return: +5.10%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

IRCON (₹108.56) is in a short-term consolidation phase within a broader monthly downtrend. Daily momentum is weak (ADX 15.52), with price holding above the 20-day EMA and SMA but remaining below the 50-day and 200-day moving averages, as well as the daily Supertrend. This structure suggests limited conviction despite a recent +4.8% anomaly on November 2 and an inactive Bullish Engulfing pattern. The stock trades near the upper end of its 20-day range (+80.4%) but remains significantly depressed relative to its 52-week high (-51.0%). Risk is elevated, evidenced by a current drawdown of -51.0%, annualized volatility of +44.8%, and an ATR of 3.98%. Key resistance lies at ₹109.69 (1.04% above), while immediate support rests at ₹107.34 (pivot) and ₹106.80.

- Trend Structure: Price is above 20-period EMAs/SMA but below 50/200-period SMAs and Supertrend on the daily chart; monthly trend remains bearish with ADX 28.55.
- Momentum & Volatility: Daily trend strength is weak (ADX 15.52); annualized volatility is high at +44.8% with an ATR of 3.98%.
- Price Positioning: Trading at ₹108.56, near the top of the 20-day range (+80.4%) but 51.0% below the available high.
- Key Levels: Immediate resistance at ₹109.69 (+1.04%); support at ₹107.34 (pivot) and ₹106.80.

- Bullish Engulfing Reversal
- Doji
- Evening Star
- Inside Bar

### News Context

On November 4, 2026, IRCON reported its Q2 results as part of a broader earnings season involving approximately 75 companies, including Nifty 50 constituents such as Apollo Hospitals and BSE. The release triggered immediate market reactions on the NSE and MCX, with live updates capturing stock price movements and management commentary. While specific financial figures for IRCON are not detailed in the provided evidence, the event marks a critical disclosure point for investor assessment of the company's quarterly performance.

- IRCON released Q2 FY2026 results on November 4, 2026, alongside other major listed entities.
- Market participants reacted to the earnings data, with live tracking available across NSE and MCX platforms.
- Investor focus remains on interpreting management commentary and brokerage calls associated with this reporting window.

- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)

### What Changed

On November 6, 2026, IRCON International filed the transcript of its Q2 and H1 FY27 Investors’ Conference Call held on November 5, 2026. Management reported consolidated operating revenue of ₹2,272 crore and a profit after tax (PAT) of ₹100 crore for the quarter. The order book stood at ₹21,296 crore as of September 30, 2026, with management targeting new orders of ₹9,000–10,000 crore for FY27 to maintain the book at approximately ₹25,000 crore by March 2027. Revenue guidance for FY27 is set at ₹9,500–10,000 crore. Key projects include the Sivok package (₹2,000–2,500 crore pending) and the Bullet Train T-2 package (₹3,000–3,500 crore pending). A one-off tax liability of ₹12–13 crore from a completed Sri Lanka project impacted the current quarter's effective tax rate. The stock closed at ₹108.56 on November 6, 2026, up from ₹106.85 previously.

- Q2 FY27 financials: Operating revenue of ₹2,272 crore and PAT of ₹100 crore reported in the November 5, 2026 conference call transcript filed on November 6, 2026.
- Order book and guidance: Order book at ₹21,296 crore as of September 30, 2026; target to secure ₹9,000–10,000 crore in new orders for FY27 to reach ~₹25,000 crore by March 2027; FY27 revenue guidance of ₹9,500–10,000 crore.
- Key project pipeline: Pending packages include Sivok (₹2,000–2,500 crore) and Bullet Train T-2 (₹3,000–3,500 crore); management targeting 15% international revenue mix.
- One-off impact and price movement: A ₹12–13 crore one-off tax liability from a Sri Lanka project affected the effective tax rate; stock price rose to ₹108.56 on November 6, 2026, from ₹106.85.

- [Ircon International Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRCON_06112026132745_STXTRANSCRIPTsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261106_133713036.xml)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261105_201216461.xml)

### Official Filings

Ircon International Limited reported unaudited financial results for Q2 and H1 FY27 (ended September 30, 2026), alongside an asset monetisation initiative. Consolidated revenue from operations for Q2 reached ₹2,363.7 crore, a 15.7% quarter-on-quarter increase, while profit after tax (PAT) was ₹159.6 crore, up 25.9% QoQ but down 7.5% year-on-year. The order book stood at ₹21,296 crore as of September 30, 2026, primarily driven by Railway projects valued at ₹16,271 crore. Management has set a revenue guidance of ₹9,500–10,000 crore for FY27 and aims to secure ₹9,000–10,000 crore in new orders to maintain the book at approximately ₹25,000 crore by March 2027. Concurrently, the company initiated a plan to sell its 100% stake in four completed road assets under DIPAM guidelines; this is an initiation of the process, not a completed transaction. A one-off tax liability of ₹12–13 crore from a Sri Lanka project impacted the current quarter's effective tax rate.

- Q2 FY27 Revenue: ₹2,363.7 crore (+15.7% QoQ, +11.9% YoY); PAT: ₹159.6 crore (+25.9% QoQ, -7.5% YoY).
- Order Book: ₹21,296 crore as of Sept 30, 2026 (₹16,271 crore from Railways); target to add ₹9,000–10,000 crore in FY27 to reach ~₹25,000 crore by March 2027.
- Asset Monetisation: Initiated sale of 100% stake in four completed road assets per DIPAM guidelines; status is initiation, not completion.
- FY27 Guidance: Revenue target of ₹9,500–10,000 crore; focus on overseas markets targeting 15% international mix.

- [Ircon International Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRCON_06112026132745_STXTRANSCRIPTsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261106_133713036.xml)
- [Ircon International Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/IRCON_05112026142523_STXIntimationsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261105_201216461.xml)
- [Ircon International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRCON_04112026161900_BODOUTCOME.pdf)
- [Ircon International Limited has informed the Exchange regarding 'Disclosure under Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations, 2015'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/IRCON_04112026163448_STXINTIMATIONGENERAL.pdf)
- [Ircon International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/IRCON_04112026165134_STX_Intimation.pdf)
- [Ircon International Limited has informed the Exchange regarding "Press Release- Highlights of Unaudited Financial Results for the second quarter and half year ended 30th September, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/IRCON_04112026165915_STX_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752742_04112026052751_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752736_04112026052646_WEB.xml)

### Fundamentals

IRCON International’s operating trajectory shows a recent stabilization after a period of contraction. In Q2 FY2026-27, revenue from operations rose sequentially to ₹2,272 crore from ₹1,956 crore in Q1, while net profit increased to ₹100 crore from ₹92 crore. This sequential improvement contrasts with the broader annual trend, where TTM sales declined 10% and TTM net profit fell 22%. Earnings quality remains under pressure; cash flow from operating activities was negative (-₹618 crore in Mar 2026), and the CFO/EBITDA ratio turned negative at -41%, indicating that reported profits are not yet converting into cash. The balance sheet reflects this capital intensity: borrowings grew to ₹5,726 crore by Mar 2026, and fixed assets expanded significantly to ₹3,524 crore. While promoter holding is stable at 65.17%, the company faces rising finance costs (₹114 crore in Q2 FY2026-27) and declining returns on capital employed (ROCE dropped to 9% in Mar 2026). The key checkpoint is whether the sequential revenue growth can sustainably improve operating margins and cash conversion amidst higher interest burdens.

- Sequential recovery in Q2 FY2026-27: Revenue rose to ₹2,272 crore and net profit to ₹100 crore, reversing the prior quarter's decline.
- Earnings quality divergence: Despite positive accounting profits, CFO remained negative (-₹618 crore in Mar 2026) and ROCE fell to 9%.
- Leverage and cost pressure: Borrowings increased to ₹5,726 crore (Mar 2026) and finance costs rose to ₹114 crore (Q2 FY2026-27).
- TTM headwinds persist: Sales and profit growth remain negative over the trailing twelve months (-10% and -22% respectively).

### Bear Case

IRCON International’s market setup as of November 6, 2026, reflects significant downside pressure. The stock is trading at ₹108.56, down 39.0% year-to-date and 33.6% over the past year, with a current drawdown of -51.0%. Technical indicators across daily, weekly, and monthly timeframes are uniformly bearish, with the Supertrend signal negative on all horizons. Momentum is weak, evidenced by an Average Directional Index (ADX) below 20 on daily and weekly charts, suggesting a lack of strong directional conviction despite the downtrend. The stock faces immediate resistance at ₹109.69 (1.04% above), while support levels at ₹107.34 and ₹106.80 offer limited buffer against further erosion. High annualized volatility of 44.8% underscores substantial price instability.

- Severe Underperformance: The stock has declined 39.0% YTD and 33.6% over the last year, with a current drawdown of -51.0% from its peak.
- Uniform Bearish Technicals: Supertrend signals are bearish on daily, weekly, and monthly charts; ADX values (15.52–18.60) indicate weak trend strength.
- Limited Upside Buffer: Immediate resistance sits just 1.04% above the current price at ₹109.69, while key support levels at ₹107.34 and ₹106.80 are closely spaced.
- High Volatility Risk: Annualized volatility stands at 44.8%, indicating significant price swings and elevated risk for holders.

- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- [Ircon International Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRCON_06112026132745_STXTRANSCRIPTsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261106_133713036.xml)
- [Ircon International Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/IRCON_05112026142523_STXIntimationsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261105_201216461.xml)
- [Ircon International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRCON_04112026161900_BODOUTCOME.pdf)
- [Ircon International Limited has informed the Exchange regarding 'Disclosure under Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations, 2015'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/IRCON_04112026163448_STXINTIMATIONGENERAL.pdf)
- [Ircon International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/IRCON_04112026165134_STX_Intimation.pdf)
- [Ircon International Limited has informed the Exchange regarding "Press Release- Highlights of Unaudited Financial Results for the second quarter and half year ended 30th September, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/IRCON_04112026165915_STX_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752742_04112026052751_WEB.xml)

### FAQs

**What were IRCON's financial results for Q2 FY27, and how do they compare to the order book?**

For Q2 FY27 ended September 30, 2026, IRCON reported consolidated operating revenue of ₹2,272 crore and a profit after tax (PAT) of ₹100 crore. The effective tax rate was impacted by a one-off liability of ₹12–13 crore from a completed Sri Lanka project. As of September 30, 2026, the company’s order book stood at ₹21,296 crore.

**What are IRCON's forward-looking targets for orders and revenue in FY27?**

Management has set a revenue guidance of ₹9,500–10,000 crore for FY27. To maintain the order book at approximately ₹25,000 crore by March 2027, the company aims to secure new orders worth ₹9,000–10,000 crore during the fiscal year. Additionally, management is targeting a 15% international revenue mix.

**Which key projects are currently pending or driving future growth for IRCON?**

Key pending projects include the Sivok package, valued between ₹2,000–2,500 crore, and the Bullet Train T-2 package, valued between ₹3,000–3,500 crore. These projects represent significant portions of the current ₹21,296 crore order book and are central to the company's execution pipeline.

**How has IRCON's stock performance trended recently, and what are the key technical levels?**

As of November 6, 2026, the stock closed at ₹108.56, reflecting a -39.0% YTD return and a -33.6% return over the past year. Technical indicators show a bearish daily supertrend with support at ₹107.34 and resistance at ₹109.69. The stock is currently trading within a -51.0% drawdown from its peak.

- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- [Ircon International Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/IRCON_06112026132745_STXTRANSCRIPTsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261106_133713036.xml)
- [Ircon International Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/IRCON_05112026142523_STXIntimationsigned.pdf)
- [IRCON INTERNATIONAL LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261105_201216461.xml)
- [Ircon International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/IRCON_04112026161900_BODOUTCOME.pdf)
- [Ircon International Limited has informed the Exchange regarding 'Disclosure under Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations, 2015'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/IRCON_04112026163448_STXINTIMATIONGENERAL.pdf)
- [Ircon International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/IRCON_04112026165134_STX_Intimation.pdf)
- [Ircon International Limited has informed the Exchange regarding "Press Release- Highlights of Unaudited Financial Results for the second quarter and half year ended 30th September, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/IRCON_04112026165915_STX_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752742_04112026052751_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹107.34
- Risk regime: Higher Price Risk

### Support levels
- 106.8
- 102.13499999999999
- 95.93

### Resistance levels
- 111.54
- 155.3
- 164.09250000000003

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.70% |
| return_10 | +11.21% |
| return_1m | +0.65% |
| return_1y | -33.62% |
| return_20 | +5.10% |
| return_3m | -17.83% |
| return_5 | +12.35% |
| return_6m | -31.80% |
| return_since_start | -50.17% |
| return_ytd | -39.00% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -56.36% |
| annualized_volatility | +44.82% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Ircon International Limited Q2 FY2026-27: Revenue up 15%, profit down 26%

Revenue from operations rose 14.9% year on year to ₹2,272 crore in the quarter ended 30 September 2026, and profit before tax increased 12.3% to ₹171 crore. Profit for the period fell 26.5% to ₹100 crore as the tax charge rose; operating cash flow was negative ₹34 crore.

## Revenue and expenses

Revenue from operations increased 16.1% from ₹1,956 crore in Q1 FY2026-27. The ₹2,272 crore quarterly total was below the ₹3,189 crore recorded in Q4 FY2025-26 but above the other quarters in the recent five-quarter series. Total income was ₹2,364 crore, including ₹92 crore of other income.

Expenses rose 15.3% sequentially to ₹2,193 crore, broadly in line with revenue growth. They included material costs of ₹281 crore, employee benefit expense of ₹66 crore and depreciation and amortisation of ₹46 crore.

## Profit, tax and earnings per share

Profit before tax increased 21.8% from ₹140 crore in Q1 FY2026-27 and 12.3% from ₹152 crore in Q2 FY2025-26, to ₹171 crore. Finance costs were ₹114 crore, up 6.7% sequentially and 35.0% year on year.

Tax expense rose to ₹59 crore from ₹35 crore in Q1 FY2026-27 and ₹36 crore in Q2 FY2025-26. Current tax was ₹58 crore, compared with ₹43 crore in Q1; deferred tax was a charge of ₹1 crore, versus a credit of ₹8 crore in Q1. Profit for the period was ₹100 crore, up 9.0% sequentially but down 26.5% year on year. Of this, ₹103 crore was attributable to owners of the parent, while ₹2.5 crore was attributable as a loss to non-controlling interests.

Basic and diluted EPS were ₹1.09, up from ₹0.99 in Q1 FY2026-27 and down from ₹1.47 in Q2 FY2025-26. Trailing twelve-month EPS was ₹5.19.

## Cash flow and liquidity

Operating cash flow was negative ₹34 crore. Investing outflows of ₹81 crore brought free cash flow to negative ₹116 crore, while financing outflows were ₹47 crore.

Cash and cash equivalents stood at ₹2,051 crore on 30 September 2026, down from ₹2,190 crore on 31 March 2026. Bank balances other than cash were ₹2,577 crore. Current investments were ₹651 crore, compared with ₹367 crore on 31 March 2026 and ₹913 crore on 30 September 2025.

## Balance sheet and borrowings

Total assets were ₹21,448 crore on 30 September 2026, up from ₹20,219 crore on 30 September 2025. Equity attributable to owners of the parent increased to ₹6,775 crore from ₹6,458 crore over the same period.

Non-current borrowings rose to ₹5,586 crore from ₹4,950 crore a year earlier and ₹5,423 crore on 31 March 2026. The year-on-year increase in non-current borrowings exceeded the increase in parent equity. Non-current assets were ₹9,547 crore, including property, plant and equipment of ₹2,142 crore.

## Key Takeaway

IRCON delivered year-on-year growth in revenue and pre-tax profit, but higher tax expense coincided with a decline in profit for the period. Negative operating and free cash flow, alongside higher non-current borrowings, temper the improvement in quarterly earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +65.17%
- FII holding: +4.61%
- DII holding: +1.79%
- Mutual fund holding: +0.29%
- Retail holding: +25.32%
- Promoter pledged: +0.00%

### Major reported shareholders

- THE PRESIDENT OF INDIA(THROUGH CHAIRMAN RAILWAY BOARD) — +65.17%

## Official filings

- 2026-11-06 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_06112026132745_STXTRANSCRIPTsigned.pdf)
- 2026-11-06 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261106_133713036.xml)
- 2026-11-05 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_05112026142523_STXIntimationsigned.pdf)
- 2026-11-05 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261105_201216461.xml)
- 2026-11-04 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_04112026161900_BODOUTCOME.pdf)
- 2026-11-04 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_04112026163448_STXINTIMATIONGENERAL.pdf)
- 2026-11-04 — Earnings Presentation: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_04112026165134_STX_Intimation.pdf)
- 2026-11-04 — Press Release: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_04112026165915_STX_Intimation.pdf)
- 2026-11-04 — Financial Results Filing: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752742_04112026052751_WEB.xml)
- 2026-11-04 — Financial Results Filing: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752736_04112026052646_WEB.xml)
- 2026-10-30 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_16714_WebXMLFile_20261030_154351096.xml)
- 2026-10-30 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_30102026154207_STXINTIMATIONCONCALLsigned.pdf)
- 2026-10-28 — Board Meeting Notice: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_28102026163905_STXPRIORINTIMATIONsigned.pdf)
- 2026-10-28 — Board Meeting Notice: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_16714_WebXMLFile_20261028_164808240.xml)
- 2026-10-28 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_16714_WebXMLFile_20261028_164808240.xml)
- 2026-10-26 — Litigation Disclosure: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_26102026184504_STXINTIMATION.pdf)
- 2026-10-26 — Litigation Disclosure: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_16714_WebXMLFile_20261026_184728945.xml)
- 2026-10-19 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_19102026205422_STXINTIMATIONWAIVERsigned.pdf)
- 2026-10-12 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_12102026180029_STXINTIMATIONsigned.pdf)
- 2026-10-12 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_16714_WebXMLFile_20261012_180323197.xml)
- 2026-10-09 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_09102026152244_STXINTIMATIONsigned.pdf)
- 2026-10-09 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_16714_WebXMLFile_20261009_152845689.xml)
- 2026-10-07 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_07102026171053_STXLETTER74signed.pdf)
- 2026-10-01 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_01102026110424_NSE_Reply.pdf)
- 2026-09-30 — Generic Announcement: Ircon International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCON_30092026114930_STEXLETTERNEWSPAPER.pdf)

## News and market events

- 2026-11-04 — CNBC-TV18: **Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers** — On November 4, approximately 75 companies including Nifty 50 constituents Apollo Hospitals and BSE are reporting their Q2 results alongside numerous broader market names. The article notes that stocks such as NSE, MCX, Lupin, and others are reacting to these earnings releases. This update provides a live feed of the reported numbers, management commentary, and brokerage calls for investors. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- 2026-10-13 — BUSINESSTODAY: **IRCON International shares in focus after company bags Rs 862-crore contract** — IRCON International Ltd, IRCON share price, IRCON order win, East Central Railway, Rs 862.46 crore contract, EPC contract, Son Nagar-Andal project, railway infrastructure, track laying, Gomoh-Koderma section, Gaya-Son Nagar section, railway stocks — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-international-shares-in-focus-after-company-bags-rs-862-crore-contract-561154-2026-10-13)
- 2026-10-12 — FREEPRESSJOURNAL.IN: **IRCON Bags ₹862.46 Crore Railway Contract, East Central Railway Awards Major Track Expansion Project** — IRCON secures a Rs 862.46 crore East Central Railway contract for track construction under the Son Nagar-Andal project, with execution scheduled within 365 days of the award. — [Source](https://www.freepressjournal.in/business/ircon-bags-86246-crore-railway-contract-east-central-railway-awards-major-track-expansion-project)
- 2026-10-12 — CNBC-TV18: **IRCON International bags ₹862 crore EPC contract from East Central Railway** — IRCON International has secured an EPC contract worth ₹862.46 crore from East Central Railway for track works and railway material supplies linked to the third and fourth lines of the Son Nagar-Andal project. The contract has an execution period of 365 days. — [Source](https://www.cnbctv18.com/market/stocks/ircon-international-share-price-bags-rs-862-crore-epc-contract-from-east-central-railway-20010153.htm)
- 2026-10-09 — CNBC-TV18: **IRCON International bags ₹96 crore railway tunnel communication maintenance contract** — IRCON has secured a five-year contract to maintain communication and surveillance systems in the Katra-Banihal railway section, while separately preparing to challenge an arbitration award. — [Source](https://www.cnbctv18.com/market/ircon-international-bags-rs96-crore-railway-tunnel-communication-maintenance-contract-20008505.htm)
- 2026-10-05 — Times of India: **Mizoram guv asks IRCON to expedite Paletwa-Zorinpui road project** — Mizoram Governor Vijay Kumar Singh urges IRCON to speed up the delayed 109.2-km Paletwa–Zorinpui Kaladan road in Myanmar; 25% complete amid unrest. — [Source](https://timesofindia.indiatimes.com/city/guwahati/mizoram-guv-asks-ircon-to-expedite-paletwa-zorinpui-road-project/articleshow/134715115.cms)
- 2026-10-01 — The Hindu: **These stocks will see heightened activity on October 1** — Stocks across autos, tech, and infrastructure set for mixed moves — [Source](https://www.thehindubusinessline.com/markets/these-stocks-will-see-heightened-activity-on-october-1/article71531230.ece)
- 2026-09-30 — BUSINESSTODAY: **IRCON, RITES, Jupiter Wagons, Texmaco shares surge: What's happening with railway stocks?** — IRCON International, RITES, Jupiter Wagons, Texmaco Rail, Oriental Rail Infrastructure, RailTel, RVNL, IRFC, Container Corporation of India, IRCTC, Titagarh Rail Systems, railway stocks, railway shares, railway sector, railway stocks today, railway shares rally — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-rites-jupiter-wagons-texmaco-shares-surge-whats-happening-with-railway-stocks-558813-2026-09-30)
- 2026-09-29 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — IRFC Share Price Today - Get live NSE/BSE quotes of IRFC with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-09-23 — CNBC-TV18: **IRCON International to challenge ₹24 crore tribunal award in Afcons' ₹360 crore claim** — Shares of Ircon International Ltd ended at ₹110.20, up by ₹1.05, or 0.96%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/ircon-international-share-price-to-challenge-rs-24-crore-tribunal-award-in-afcons-rs-360-crore-claim-19996890.htm)
- 2026-09-16 — BUSINESSTODAY: **IRCON International, MSTC, Sansera Engineering, Sunteck Realty among stocks to turn ex-dividend on September 17** — Excel Industries, Gujarat Fluorochemicals, IRCON International, Landmark Cars, MSTC, Sansera Engineering, Tamil Nadu Newsprint & Papers, Agarwal Industrial Corporation, Acutaas Chemicals, ex-dividend stocks, dividend stocks, September 17 ex-dividend, final dividend, dividend record date, highest dividend stocks — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-international-mstc-sansera-engineering-sunteck-realty-among-stocks-to-turn-ex-dividend-on-september-17-555895-2026-09-16)
- 2026-09-16 — Mint: **Dividend record date alert: Last chance to buy Asian Energy, Bharat Rasayan, IRCON, MSTC, and others | Full list** — Shares of companies like Excel Industries and Asian Energy Services are gaining investor interest ahead of their dividend record dates on September 17.  — [Source](https://www.livemint.com/market/stock-market-news/dividend-record-date-alert-last-chance-to-buy-asian-energy-bharat-rasayan-ircon-mstc-and-others-full-list-11789528768234.html)
- 2026-09-15 — MONEYCONTROL: **Momentum Stocks: Tata Chemicals, Tata Investment, eMudhra gain up to 14% on sheer momentum** — buzzing stocks — [Source](https://www.moneycontrol.com/news/business/markets/momentum-stocks-tata-chemicals-tata-investment-emudhra-gain-up-to-14-on-sheer-momentum-14029856.html)
- 2026-08-20 — BUSINESSTODAY: **RVNL, IRCON, Jupiter Wagons, Titagarh Rail: Why railway stocks are rising today** — railway sector stocks, projects of Railways, rail sector stocks, Titagarh Rail System shares, Texmaco Rail, RVNL, IRCON International, Jupiter Wagons, IRFC, RITES, stock gainers, Four projects of Ministry of Railways — [Source](https://www.businesstoday.in/markets/stocks/story/rvnl-ircon-jupiter-wagons-titagarh-rail-why-railway-stocks-are-rising-today-550251-2026-08-20)
- 2026-08-13 — Mint: **Stocks to watch: Tata Motors PV, Jio Financial, Lenskart among shares in focus today; check list here** — Stock market today: Gift Nifty was trading near the 24,446.5 mark, down over 24 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-tata-motors-pv-jio-financial-lenskart-among-shares-in-focus-today-check-list-here-11786586543838.html)
- 2026-08-13 — Mint: **IRFC: Why the railway stock keeps falling despite record profit** — IRFC delivered its strongest-ever quarter, but a shrinking loan book, falling margins, government stake sales and a still-premium valuation are weighing on the stock. — [Source](https://www.livemint.com/market/stock-market-news/irfc-why-the-railway-stock-keeps-falling-despite-record-profit-11786551327127.html)
- 2026-08-12 — CNBC-TV18: **Stocks to Watch for August 13: Tata Motors, IRCON, Astral, Lenskart and more** — Stocks of Astral, Lenskart, Tata Motors, IRCON and other companies will be in focus on Wednesday as these companies reported their June quarter earnings after market hours on Tuesday. Investors will also watch Asian Energy Services, Awfis Space Solutions, Balaji Telefilms and others, which are scheduled to announce their results tomorrow. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-13-tata-motors-ircon-astral-lenskart-and-more-19967707.htm)
- 2026-08-12 — CNBC-TV18: **Q1 Results Live Updates: Ircon International profit down 43%, Astral EBITDA up 23%** — Q1 Results LIVE Updates: Apollo Hospitals and Grasim are among the final Nifty 50 names that will be reporting their results today along with broader market names such as HAL, IRCTC, IRCON, Lenskart, Astral, Tata Motors CV, among others. Manappuram, PI Industries, Bata India, Senco Gold, and others will also be reacting to their results. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-hal-apollo-hosp-manappuram-irctc-ircon-lenskart-grasim-pi-ind-astral-share-price-liveblog-19967133.htm)

## Business profile

**Strategic vision:** Infrastructure construction for railways, highways, and electrical systems.

### Business segments
- **Railways & Transit:** Specializes in railway construction, encompassing new lines, track rehabilitation, station building, electrification, and signaling/telecom installation.
- **Highways & Roads:** Engages in the construction of highways, bridges, and flyovers, executing projects under EPC and HAM structures.
- **Electrical & Extra-High-Voltage (EHV):** Designs and executes transmission lines, substations, and industrial electrification projects.

### Competitive strengths
- Specialized construction organization in the infrastructure sector.
- Experience in railway, highway, and electrical project execution.
- Capability to execute projects internationally.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ircon
Markdown representation: https://faxioms.com/stocks/ircon?render=md