Ircon Share Price Target (Long term): Are you looking to invest in Indian Railways sector companies? We will look at the business and earnings prospects of Indian Railway Construction International Limited (IRCON). We will look at some fundamental and technical analysis to predict IRCON share price targets for the future.
IRCON International Limited (IRCON) is a leading integrated engineering and construction company based in the transportation infrastructure sector in India. As IRCON is expanding its operations and executing large infrastructure projects across the country, analysts expect strong growth in the company’s revenues and profits over the next few decades. This presents an optimistic outlook for IRCON’s future share price performance.
Do Read: (PPL) Pradeep Phosphates Share Price Target 2025, 2030, 2040
IRCON Company Overview
IRCON is a Miniratna Public Sector Undertaking under the Ministry of Railways, Government of India. The company was established in 1976 and has over 4 decades of experience in transportation infrastructure development.
IRCON International’s future growth and profitability are closely linked to continued infrastructure investments and the performance of its associated companies. One such company is the Indian Railway Finance Corporation (IRFC), which is the financing arm of the Indian Railways.
IRCON’s main business areas include railways, highways, bridges, flyovers, tunnels, airports, metro rail and other infrastructure projects. The company has executed over 500 projects across India and in over 25 countries in Asia, Africa and Europe.
IRCON Company Overview in Tabular Form
| Company | IRCON International Ltd. |
|---|---|
| Formerly | Indian Railway Construction Limited |
| Type | Public |
| Listed on | BSE: 541956, NSE: IRCON |
| Industry | Railway Infrastructure |
| Founded | 27 April 1976 (47 years ago) |
| Headquarters | C-4 District Centre, Saket, New Delhi, India |
| Areas served | Worldwide |
| Key people | Yogesh Kumar Mishra (Chairman & MD) |
| Services | Engineering, Procurement, and Construction |
| Revenue (2020) | ₹5,441.72 crore (US$680 million) |
| Operating income (2020) | ₹699.70 crore (US$88 million) |
| Net income (2020) | ₹489.78 crore (US$61 million) |
| Total assets (2020) | ₹12,644.11 crore (US$1.6 billion) |
| Total equity (2020) | ₹4,161.13 crore (US$520 million) |
| Owner | Government of India |
| Number of employees (July 2022) | 1276 |
| Subsidiaries | Ircon Infrastructure & Services Limited, Ircon Shivpuri-Guna Tollway Limited, Ircon PB Tollway Limited[3] |
| Website | www.ircon.org |
Ircon Share Price Target 2024, 2025, 2026, 2027, 2028, 2030, 2032, 2035
| Year | Share Price Target |
|---|---|
| 2024 | ₹315.03 |
| 2025 | ₹401.75 |
| 2026 | ₹470.59 |
| 2027 | ₹500.12 |
| 2028 | ₹581.62 |
| 2029 | ₹608.98 |
| 2030 | ₹662.66 |
| 2031 | ₹740.34 |
| 2032 | ₹800.19 |
| 2035 | ₹1,001.22 |
IRCON Share Price Target 2024
IRCON (Indian Railway Construction Ltd) is a public sector company that mainly works on big projects like railway infrastructure, highway construction, and railway station development. If we into the project work which was stalled in the railway sector in the last few years due to the pandemic, is now seeing a good increase in the order book of IRCON due to all these projects being released.
Even now, IRCON has a huge order book and the management says that the order book of the company is continuously growing. As IRCON is seen completing its targets, the company’s business is going to get very good benefits along with very good growth.
As the order book of the company will increase, if we look at the IRCON Share Price Target 2024, there is full hope of showing the first target of Rs 190 with very good growth. After this target, you can look for another target of Rs 200.
Do Read: Exide Industries Share Price Target 2024, 2025, 2027, 2030
Ircon Share Price Target Table 2024
| 2024 | Share Price Target |
|---|---|
| January | x |
| February | x |
| March | ₹245.50 |
| April | ₹219.34 |
| May | ₹231.37 |
| June | ₹240.29 |
| July | ₹252.90 |
| August | ₹264.12 |
| September | ₹271.37 |
| October | ₹291.14 |
| November | ₹299.84 |
| December | ₹315.03 |
IRCON Share Price Target 2025
In the railway construction business, along with India, IRCON also does project work for many other countries. If we talk about some countries, where IRCON does its work, it includes many countries like Malaysia, Nepal, Bangladesh, Afghanistan, Algeria, and Sri Lanka, where the company works on many big projects related to railway construction.
Due to IRCON’s long experience in the railway construction business, the company is always getting huge orders from different countries at a fast pace. Along with this, the management is constantly seen trying its best to work on new strategies to work on projects in other countries.
As we strengthen our hold in the projects of other countries, if we look at IRCON Share Price Target 2025, then with the business also growing accordingly, you can see the first target going around Rs 220. After that, you can see the second target of Rs 240.
Ircon Share Price Target Table 2025
| 2025 | Share Price Target |
|---|---|
| January | ₹313.22 |
| February | ₹327.16 |
| March | ₹325.93 |
| April | ₹306.01 |
| May | ₹290.78 |
| June | ₹313.39 |
| July | ₹309.85 |
| August | ₹328.12 |
| September | ₹332.22 |
| October | ₹339.50 |
| November | ₹387.61 |
| December | ₹401.75 |
IRCON Share Price Target 2026
To rapidly increase the growth of its business, IRCON is continuously seen working with other companies under Joint Venture. If seen in the last few years, the company has been running joint ventures with many other companies like ISTPL, IRSDC, CERL, CEWRL, MCRL, and IRCON, from where the company gets very good profits.
If we look at the future, the management will be seen making full plans to work under joint ventures and partnerships with other companies to increase the growth of their business strongly. As the strategic alliance of other companies with IRCON becomes stronger, the company’s business will see its benefits in the coming years.
As the partnership with other companies will increase, if we look at the IRCON Share Price Target till 2026, then you can see the share price showing at Rs 270 along with earning very good returns. And then you can think of holding the second target for Rs 290.
IRCON Share Price Target 2026 Table
| 2026 | Share Price Target |
|---|---|
| January | ₹399.92 |
| February | ₹389.04 |
| March | ₹377.27 |
| April | ₹351.79 |
| May | ₹353.27 |
| June | ₹375.89 |
| July | ₹392.50 |
| August | ₹401.85 |
| September | ₹426.18 |
| October | ₹424.12 |
| November | ₹439.64 |
| December | ₹470.59 |
IRCON Share Price Target 2027
Gradually, IRCON is seen diversifying itself into different emerging business segments along with doing work related to railway construction to accelerate the growth of its business in the future. In recent times, IRCON has also been seen entering the Renewable Energy sector in partnership with JV.
Along with this, IRCON, with the help of its various subsidiary companies, has also started working on many such projects related to Diversify Construction, due to which it can be fully expected that in the future, the company will get help from different sectors. New projects will be seen coming up, due to which there is full hope of seeing a big boom in the business of IRCON.
As the company continues to diversify its business, if we look at the IRCON Share Price Target till 2027, we can see the first target of Rs 320 while earning very good returns. As soon as you touch this target, you can stop at the second target of Rs 350.
IRCON Share Price Target 2027 Table
| 2027 | Share Price Target |
|---|---|
| January | ₹453.73 |
| February | ₹446.96 |
| March | ₹436.71 |
| April | ₹430.28 |
| May | ₹402.32 |
| June | ₹433.50 |
| July | ₹445.67 |
| August | ₹439.54 |
| September | ₹480.25 |
| October | ₹473.75 |
| November | ₹488.29 |
| December | ₹500.12 |
IRCON Share Price Target 2028
As the company continues to diversify its business, if we look at the IRCON Share Price Target till 2028, we can see the first target of Rs 320 while earning very good returns. As soon as you touch this target, you can stop at the second target of Rs 350.
| 2028 | Share Price Target |
|---|---|
| January | ₹522.74 |
| February | ₹526.40 |
| March | ₹501.36 |
| April | ₹462.56 |
| May | ₹475.60 |
| June | ₹483.65 |
| July | ₹486.17 |
| August | ₹502.32 |
| September | ₹527.02 |
| October | ₹541.18 |
| November | ₹556.15 |
| December | ₹581.62 |
IRCON Share Price Target 2030
If you look at IRCON’s business in the long run, you will see many big projects that are yet to be completed in the future. The way the work on big railway infrastructure projects like metro rail, electric train, and bullet train is gradually increasing, and IRCON is going to benefit from it.
If we look at the Indian Government, it is increasing its investment amount every year to strengthen the railway infrastructure and develop many big projects. As the work on these big projects starts, IRCON being a government-linked company, will see the company getting maximum work on these projects.
Looking at the company’s business prospects in the long run, if we look at the IRCON Share Price Target till 2030, there is every possibility of earning very good returns to the shareholders and showing the share price around Rs 550.
Do Read: Yes Bank Share Price Target 2024, 2025, 2030- Long Term
IRCON Share Price Target 2030 Table
| 2031 | Share Price Target |
|---|---|
| March | ₹687.12 |
| June | ₹693.74 |
| September | ₹723.54 |
| December | ₹740.34 |
Ircon Share Price Target 2031
| 2031 | Share Price Target |
|---|---|
| March | ₹687.12 |
| June | ₹693.74 |
| September | ₹723.54 |
| December | ₹740.34 |
Ircon Share Price Target 2035
| 2035 | Share Price Target |
|---|---|
| March | ₹941.00 |
| June | ₹948.62 |
| September | ₹973.42 |
| December | ₹1,001.22 |
Ircon Share Price Target in the Next 10 Years
| Period | Share Price Target |
|---|---|
| 1 Year | ₹313.22 |
| 2 Years | ₹399.92 |
| 3 Years | ₹453.73 |
| 4 Years | ₹522.74 |
| 5 Years | ₹581.62 |
| 6 Years | ₹608.98 |
| 7 Years | ₹662.66 |
| 8 Years | ₹740.34 |
| 9 Years | ₹800.19 |
| 10 Years | ₹847.86 |
IRCON Company Summary
| Company Name | IRCON International Limited |
| Market size | ₹ 9,960.06 crore. |
| PE | 12.3 |
| Sector P/E | 26.2 |
| Debt to equity ratio | 0.29 |
| ROE | 15.5 % |
| Loan | ₹ 1,505 Crore |
| Return in 3 years | 29.7 % |
| Part Yield | 1.70 % |
| 52 Week High/Low | ₹ 110 / 38.6 |
| Website | Click Here |
IRCON Company Fundamentals
The company has strong fundamentals and the potential to grow in the future.
| Market cap | 12,932 Cr |
| P/E Ratio | 16.01 |
| Industry P/E | 30.18 |
| Debt to Equity | 0.29 |
| Dividend Yield | 2.18% |
| Return on Equity | 14.68% |
Is it a good time to buy the company’s stock?
There has not been any significant rise in the company’s stock for the last few years. Therefore the company’s stock is trading less than its book value price of Rs 49.6. But if we take a look at the fundamentals and financial condition of the company, good performance can be expected from the company in the future.
The company is currently a small-cap company and we have seen many times that the stocks of small-cap companies see more growth than the stocks of midcap and large-cap companies.
The stock price of the company is currently quite low. Therefore, by making a small investment in the stock of this company, you can buy the stock in good quantity and hold it for a long time. The company’s stock may also prove to be a multi-bagger penny stock for its retail investors in the future.
Future of IRCON Share
If seen in the future, IRCON is seen strengthening its hold in India as well as in developing countries to expand its business. If we look at the times to come, we will see a large amount of infrastructure-related project work increasing in these developing countries, which will benefit the company’s business.
Also, if seen, many such big projects related to railway infrastructure are going to be seen being implemented in the future. Keeping this in mind, the company is seen making every effort to keep itself updated with every new technology, due to which the company will be able to do every big project very easily, due to which there will be a big boom in the business.
Do Read: Suzlon Share Price Target 2025, 2024, 2026, 20230 Prediction
Risk of IRCON Share
Talking about the biggest risk in the business of IRCON, the company is seen to be highly dependent on the government projects, in the future the government is seen giving equal priority to the private companies in the work related to the projects related to railway infrastructure. It will have a huge impact on the company’s business.
Talking about the second risk, if we look at the business in which IRCON works, a huge amount of investment has to be made for the development of every small and big project, due to which the company will not be able to grow its business rapidly in the future.
My opinion:-
There is no doubt that due to the speed with which the Government of India is seen making new plans to strengthen the railway infrastructure, there are huge opportunities for growth in the business of IRCON.
If you are a long-term investor and want to take advantage of this increasing growth in railway infrastructure, then IRCON looks like a very good company. But remember, before making any decision related to investment, do not forget to analyze the complete details of the company’s business yourself or take the advice of your financial advisor.
Strengths and weaknesses of IRCON company
- Companies became virtually debt-free
- Promoter’s stake in the company is 73.18% higher
- FII increased its stake by 1.18%
Weaknesses
- The company’s return on equity in the last 3 years is low at 12.7%
- The earnings also include other income of Rs 454 crore.
FAQs for Ircon Share Price Target (Long Term)
How will IRCON Share be from the future point of view?
Due to the continuous increase in the number of projects related to railway infrastructure every year, there are huge opportunities for growth in IRCON’s business from the future point of view.
When would it be right to invest in IRCON Shares?
Whenever you see a slight decline in IRCON Share, then you can think of investing in this share for a long time.
Does IRCON Share pay dividends every year?
If seen in terms of dividends, IRCON Share looks very good, the company is seen giving a very good amount as dividends to its shareholders every year.
What is Ircon share price 52 weeks high and low price?
Ircon share price 52 weeks high is 53.4 and 52 weeks low is 34.8.
What is the market cap of the company?
At present the market cap of the company is hovering around Rs 6000 crore.
What is the dividend yield of the company?
The dividend yield of the company is 6.20%.
What is the face value and book value price of the company’s stock?
The face value of the company’s stock is Rs 2 and the book value price is Rs 49.6.
What is the promoter holding in the company?
Promoter holding in the company is 73.15%.
How much debt does the company have?
The company currently has a debt of Rs 1400 crore, whereas the company also has a cash reserve of Rs 4500 crore in comparison.
Do Read: Orient Green Power Share Price Target 2030, 2025, 2035, 2028
Conclusion
Friends, we hope that the information given by us in this article will help you in assessing the company’s business model and the future price target of the company’s stock. Similarly, to understand the fundamental and technical analysis of business and stock of other companies in detail, please read our other posts also, thank you.