Ircon International Limited

BSE: 541956 NSE: IRCON
Ircon International Limited - infrastructure and utilities in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L45203DL1976GOI008171 Incorporated 28 April 1976 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: IRCON · BSE: 541956 Public Limited Union Government Company infrastructure and utilities Fortune India 500 · #242 Nifty 500
Data last updated
Market Cap
₹9,088 Cr
IRCON · NSE
Share Price
₹101.29
+4.82% today
Revenue
₹9,071 Cr
FY 2025-26 · -15.7% YoY
EBITDA
₹768 Cr
Margin 8.5%
Net Profit
₹528 Cr
FY 2025-26 · -20.3% YoY
P/E (TTM)
17.4x
P/B 1.4x
ROE
9.2%
ROCE 8.4%
Debt / Equity
0.78
Interest cover 58.2x

About Ircon International Limited

Data last updated:

Ircon International Limited is a public limited union government company based in New Delhi, Delhi, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 28 April 1976 and has been in existence for over 50 years.

Ircon International is ranked #242 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L45203DL1976GOI008171. Its GSTIN is 07AAACI0684H1ZO (Delhi). The company holds 109 GST registrations, of which 87 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 541956 and NSE: IRCON.

The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹188.1 Cr. It was formerly known as Indian Railway Construction Company Limited and Indian Railway Construction Company Private Limited. It is led by directors including Ragini Advani (Whole-Time Director) and Ajit Kumar Mishra.

Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. C – 4 District Centre Saket, New Delhi, Delhi, India – 110017.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹9,071.05 Cr, a decline of 15.7% compared to the previous year. For the same year it recorded a net profit of ₹528.32 Cr (net margin 5.8%) and EBITDA of ₹767.65 Cr (EBITDA margin 8.5%). The net worth stands at ₹6,638.64 Cr (up 5.9% YoY). Total assets are valued at ₹14,402 Cr (up 16.4% YoY).

Its group structure includes 11 subsidiaries and 7 joint ventures.

The company is associated with 1 brand: Ircon International. As per MCA filings, the company has open charges of ₹1,000 Cr and satisfied charges of ₹1,008.2 Cr on record. Court records list 1,409 cases involving the company, including 474 filed by the company and 938 filed against it; 246 cases are pending. The company has 43 deals on record (26 market trades, 17 secondary share transfers); the latest was in January 2025. Its 5 peer companies in the Infrastructure industry (Construction Services, Railway Construction), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 3 smaller; the largest is Rail Vikas Nigam Limited with revenue of ₹20,923 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 46 overdue payments to 16 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ircon.org.

Company details

CIN L45203DL1976GOI008171
Registration Number 008171
Incorporation Date 28 April 1976
ROC Delhi
Listing Status Listed - Listed on NSE (IRCON); Listed on BSE (541956)
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Ircon International has undergone 2 name changes throughout its history. The company was previously known as Indian Railway Construction Company Limited, and Indian Railway Construction Company Private Limited. The current legal name is Ircon International Limited.

Company NameStatus
Ircon International LimitedCurrent
Indian Railway Construction Company LimitedPrevious
Indian Railway Construction Company Private LimitedPrevious

CIN history

Ircon International has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45203DL1976GOI008171, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45203DL1976GOI008171Current
L45203DL1976PLC008171Previous
U45203DL1976GOI008171Previous
Key People
Ragini Advani Whole-Time Director Ajit Kumar Mishra Director Thangavel Varadharajan Director

Recognitions & Rankings of Ircon International

Fortune India 500 2025 edition
Rank#242
Total income
₹11,191 Cr
Profit
₹727 Cr
Last year #192
Stock market indices
Nifty 500 BSE 500

Contact details

Ircon International Limited's registered office is in New Delhi, Delhi. Its website is ircon.org. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ircon.org
  • Social Media
  • Registered Address
    Plot No. C – 4 District Centre Saket, New Delhi, Delhi, India – 110017
  • Industry
    Infrastructure and Utilities, Railway Infrastructure Development, General Construction Services

To see the full contact details of Ircon International Limited, buy the company report.

Comprehensive company report
Ircon International Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Ircon International operates one associated brand: Ircon International. Each brand links to its own profile.

BrandDescriptionWebsite
Ircon International
Infrastructure construction activities and services are managed by Ircon International.ircon.org

Business activity

The main business activity of Ircon International is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of Ircon International Limited, buy the company report.

Financials of Ircon International Limited

FY 2025-26 filings available

Ircon International Limited reported revenue of ₹9,071.05 Cr (down 15.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹9,071 Cr
-15.7% YoY
EBITDA
₹768 Cr
-9.4% YoY
Profit After Tax
₹528 Cr
-20.3% YoY
Net Worth
₹6,639 Cr
+5.9% YoY
Total Assets
₹14,402 Cr
+16.4% YoY
Total Debt
₹5,726 Cr
+33.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,07110,76012,51410,3687,3805,3425,391
Revenue growth-15.7%-14.0%+20.7%+40.5%+38.2%-0.9%-
EBITDA7688471,108704580497604
EBITDA margin+8.5%+7.9%+8.9%+6.8%+7.9%+9.3%+11.2%
Profit before tax7669391,261891689578672
Net profit528663907763595387465
Net profit margin+5.8%+6.2%+7.3%+7.4%+8.1%+7.2%+8.6%
EPS (₹)6.337.739.888.146.308.3251.60
Balance sheet
Total assets14,40212,37010,5468,3367,2655,4904,949
Net worth6,6396,2695,8715,2114,6664,4034,171
Total debt5,7264,2992,5701,5051,3993310.00
Cash & bank4,8094,7824,9845,1235,5133,4462,673
Net working capital4,5323,7093,6763,8443,0221,7171,416
Cash flow
Cash from operations(618)(1,110)(78.55)(278)1,414518(136)
Cash from investing(273)53.57(720)1,582(1,241)(785)447
Cash from financing8011,156640(223)671169(275)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,9563,1892,1191,9771,7863,4122,6132,448
Revenue growth (YoY)+9.5%-6.5%-18.9%-19.2%-21.9%---
Other income86.9012211215612410386.38142
EBITDA192267158141200254132201
EBITDA margin+9.8%+8.4%+7.4%+7.1%+11.2%+7.5%+5.0%+8.2%
Depreciation44.8943.9841.5840.0137.1532.1330.5227.76
Interest10797.3493.0284.5475.2162.3055.9752.71
Profit before tax127248135172212263132262
Tax34.7856.3734.8435.9447.4351.2745.7256.42
Net profit92.0319199.8513716421286.10206
EPS (₹)0.992.041.071.471.752.240.922.19
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8,47910,19311,9509,9216,9104,9485,202
Revenue growth-16.8%-14.7%+20.5%+43.6%+39.7%-4.9%-
EBITDA363487776584377361477
EBITDA margin+4.3%+4.8%+6.5%+5.9%+5.5%+7.3%+9.2%
Profit before tax7989181,156883610574673
Net profit554675840775543400470
Net profit margin+6.5%+6.6%+7.0%+7.8%+7.9%+8.1%+9.0%
EPS (₹)6.587.849.178.265.798.6052.08
Balance sheet
Total assets8,5257,8697,6166,7115,2605,0867,356
Net worth6,6306,2375,7725,1784,6214,4064,161
Total debt1063.393.240.510.160.002,461
Cash & bank4,1674,1244,4294,7855,3403,2502,501
Net working capital3,8443,5173,2943,2822,3221,2101,477
Cash flow
Cash from operations77.10(442)285(120)1,3488051,012
Cash from investing76.98870(340)1,313(130)(713)(165)
Cash from financing(112)(280)(284)(231)(334)(158)(953)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,8002,9981,9651,8521,6643,2432,4702,299
Revenue growth (YoY)+8.2%-7.6%-20.4%-19.5%-23.7%---
Other income12612988.1717610713199.82156
Total expenses1,7052,8661,9101,7881,5623,1052,3822,194
EBITDA95.5313155.7463.1410313887.85105
EBITDA margin+5.3%+4.4%+2.8%+3.4%+6.2%+4.3%+3.6%+4.5%
Depreciation15.0312.7212.1112.1411.469.509.559.65
Interest3.251.480.610.433.752.041.312.08
Profit before tax204246131226195258177249
Tax40.0053.7140.0141.7043.9839.8136.1646.45

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,9563,1892,1191,9771,7863,4122,6132,448
Revenue growth (YoY)+9.5%-6.5%-18.9%-19.2%-21.9%---
Other income86.9012211215612410386.38142
EBITDA192267158141200254132201
EBITDA margin+9.8%+8.4%+7.4%+7.1%+11.2%+7.5%+5.0%+8.2%
Depreciation44.8943.9841.5840.0137.1532.1330.5227.76
Interest10797.3493.0284.5475.2162.3055.9752.71
Profit before tax127248135172212263132262
Tax34.7856.3734.8435.9447.4351.2745.7256.42
Net profit92.0319199.8513716421286.10206
EPS (₹)0.992.041.071.471.752.240.922.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,07110,76012,51410,3687,3805,3425,391
Revenue growth-15.7%-14.0%+20.7%+40.5%+38.2%-0.9%-
Other income514431403413266196179
Total expenses8,3039,91311,4069,6646,8004,8454,787
Employee cost260276327284267247279
EBITDA7688471,108704580497604
EBITDA margin+8.5%+7.9%+8.9%+6.8%+7.9%+9.3%+11.2%
Depreciation16311810010795.1792.0982.94
Interest35222114911962.0323.4227.89
Profit before tax7669391,261891689578672
Tax17521133212696.38186187
Net profit528663907763595387465
Net profit margin+5.8%+6.2%+7.3%+7.4%+8.1%+7.2%+8.6%
EPS (₹)6.337.739.888.146.308.3251.60
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18818818818818894.0594.05
Reserves & surplus6,4516,0815,6835,0234,4784,3094,077
Shareholders' funds (net worth)6,6396,2695,8715,2114,6664,4034,171
Minority interest32.0535.6035.1813.131.130.000.00
Secured loans5,3824,0552,5671,5041,3993310.00
Unsecured loans3442443.240.510.160.000.00
Total debt5,7264,2992,5701,5051,3993310.00
Total liabilities14,40212,37010,5468,3367,2655,4904,949
Assets
Gross block4,3903,1562,3212,3122,2212,2042,177
Net block3,5242,4531,7361,8251,8451,9221,982
Capital work in progress59597654918.8736.5012.9629.70
Investments1,4321,2391,5531,049971850803
Inventories12.6790.8347.71189277121321
Sundry debtors1,3981,328803864695631551
Cash & bank balances4,8094,7824,9845,1235,5133,4462,673
Loans & advances5,2174,6024,7474,8703,7183,2843,104
Total current assets11,43710,80310,58311,04510,2037,4826,648
Total current liabilities6,9057,0946,9077,2017,1815,7645,232
Net working capital4,5323,7093,6763,8443,0221,7171,416
Total assets14,40212,37010,5468,3367,2655,4904,949
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2,2802,1802,3381,258414513477
Net cash from operating activities(618)(1,110)(78.55)(278)1,414518(136)
Net cash from investing activities(273)53.57(720)1,582(1,241)(785)447
Net cash from financing activities8011,156640(223)671169(275)
Net change in cash(89.49)100(158)1,080844(98.67)35.76
Closing cash4,8094,7824,9845,1235,5133,4462,673
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-15.7%-14.0%+20.7%+40.5%+38.2%-0.9%-
EBITDA growth-9.4%-23.6%+57.5%+21.3%+16.8%-17.7%-
PBT growth-18.4%-25.5%+41.5%+29.4%+19.2%-14.1%+7.6%
Net income growth-20.3%-26.9%+18.9%+28.4%+53.6%-16.7%-
Revenue CAGR (3Y)-4.4%+13.4%+32.8%+24.4%+15.4%+9.9%+20.7%
EBITDA CAGR (3Y)+3.0%+13.5%+30.7%+5.2%+6.7%+3.4%+22.6%
Profitability & leverage
Net income margin+6.5%+6.8%+7.4%+7.4%+8.0%+7.3%+9.0%
Return on capital employed+8.4%+10.2%+15.0%+13.0%+11.8%+11.5%+10.7%
Return on net worth+9.2%+12.0%+16.8%+15.5%+13.1%+9.1%+11.9%
Debt / equity0.780.570.370.290.190.040.38
Long-term debt / equity0.750.550.350.280.180.040.31
Interest cover58.1930.3414.8419.8812.805.795.35
Efficiency & per share
Fixed asset turnover2.403.935.404.573.342.442.57
Inventory turnover175.29155.33105.7444.5437.1524.2116.52
Debtors turnover6.6510.1015.0113.3011.139.048.86
EPS (₹)6.337.739.888.146.308.3251.60
Dividend per share (₹)1.902.653.103.002.503.0023.75
Book value per share (₹)70.5966.6562.4255.4149.6193.63443.52
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,8002,9981,9651,8521,6643,2432,4702,299
Revenue growth (YoY)+8.2%-7.6%-20.4%-19.5%-23.7%---
Other income12612988.1717610713199.82156
Total expenses1,7052,8661,9101,7881,5623,1052,3822,194
EBITDA95.5313155.7463.1410313887.85105
EBITDA margin+5.3%+4.4%+2.8%+3.4%+6.2%+4.3%+3.6%+4.5%
Depreciation15.0312.7212.1112.1411.469.509.559.65
Interest3.251.480.610.433.752.041.312.08
Profit before tax204246131226195258177249
Tax40.0053.7140.0141.7043.9839.8136.1646.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8,47910,19311,9509,9216,9104,9485,202
Revenue growth-16.8%-14.7%+20.5%+43.6%+39.7%-4.9%-
Other income500484437340271253239
Total expenses8,1169,70611,1759,3386,5334,5874,726
Employee cost242256307265249229261
EBITDA363487776584377361477
EBITDA margin+4.3%+4.8%+6.5%+5.9%+5.5%+7.3%+9.2%
Depreciation48.4338.2536.2137.7327.4924.8415.93
Interest16.4815.3621.413.1310.3914.7327.31
Profit before tax7989181,156883610574673
Tax17918029310665.74169183
Net profit554675840775543400470
Net profit margin+6.5%+6.6%+7.0%+7.8%+7.9%+8.1%+9.0%
EPS (₹)6.587.849.178.265.798.6052.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18818818818818894.0594.05
Reserves & surplus6,4426,0495,5844,9904,4334,3124,067
Shareholders' funds (net worth)6,6306,2375,7725,1784,6214,4064,161
Secured loans1030.000.000.000.000.000.00
Unsecured loans3.143.393.240.510.160.002,461
Total debt1063.393.240.510.160.002,461
Total liabilities--7,6166,7115,2605,0867,356
Assets
Gross block1,0951,004944911875870853
Net block805766744744748771765
Capital work in progress14.7733.666.562.599.7910.0610.45
Investments3,1672,8552,8392,1381,7641,5061,469
Inventories12.3690.51232206272118321
Sundry debtors1,6681,649946869709505559
Cash & bank balances4,1674,1244,4294,7855,3403,2502,501
Loans & advances4,6644,2854,1544,3873,4682,9163,384
Total current assets10,51110,1499,76210,2489,7906,7896,765
Total current liabilities6,6676,6316,4686,9657,4675,5795,288
Net working capital3,8443,5173,2943,2822,3221,2101,477
Total assets8,5257,8697,6166,7115,2605,0867,356
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,9781,8292,1681,206322389875
Net cash from operating activities77.10(442)285(120)1,3488051,012
Net cash from investing activities76.98870(340)1,313(130)(713)(165)
Net cash from financing activities(112)(280)(284)(231)(334)(158)(953)
Net change in cash42.51149(340)962884(66.53)(106)
Closing cash4,1674,1244,4294,7855,3403,2502,501
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-16.8%-14.7%+20.5%+43.6%+39.7%-4.9%-
EBITDA growth-25.5%-37.2%+32.9%+54.8%+4.4%-24.2%-
PBT growth-13.1%-20.6%+30.8%+44.8%+6.3%-14.7%+9.3%
Net income growth-18.0%-19.6%+8.4%+42.8%+35.6%-14.7%-
Revenue CAGR (3Y)-5.1%+13.8%+34.2%+24.0%+16.1%+8.3%+19.8%
EBITDA CAGR (3Y)-14.6%+8.9%+29.0%+7.0%-0.1%-2.0%+15.9%
Profitability & leverage
Net income margin+7.3%+7.2%+7.2%+7.8%+7.9%+8.2%+9.4%
Return on capital employed+9.9%+12.1%+16.4%+14.8%+12.0%+11.8%+9.0%
Return on net worth+9.6%+12.3%+15.8%+15.9%+12.1%+9.4%+12.1%
Debt / equity0.010.000.000.000.000.000.68
Long-term debt / equity0.000.000.000.000.000.000.54
Interest cover5.243.422.900.572.974.385.93
Efficiency & per share
Fixed asset turnover8.0810.4612.8911.117.925.776.79
Inventory turnover164.8563.1454.4741.4535.4522.5815.94
Debtors turnover5.117.8513.1712.5811.399.309.77
EPS (₹)6.587.849.178.265.798.6052.08
Dividend per share (₹)1.902.653.103.002.503.0023.75
Book value per share (₹)70.5066.3261.3755.0649.1393.71442.44

To see the full year-wise statements and ratios of Ircon International Limited, buy the company report.

Board of directors of Ircon International Limited

Ircon International has 7 current directors and 66 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ragini Advani
Also directs: Jharkhand Central Railway Limited, Chhattisgarh East Railway Limited, Chhattisgarh East-West Railway Limited and 3 more
Whole-Time Director19 Apr 20224 Years 6 MonthsCurrent
Ajit Kumar Mishra
Also directs: Jharkhand Central Railway Limited, Chartered Institute of Arbitrators (India)
Director15 May 20251 Years 5 MonthsCurrent
Thangavel Varadharajan
Also directs: Federation of Enterpreneurs and Enterprises Development
Director15 May 20251 Years 5 MonthsCurrent
Anand BhatiaNominee Director04 Feb 20251 Years 8 MonthsCurrent
Anupum Singh
Also directs: Assam Rail Infrastructure Development Corporation Limited
Nominee Director06 Nov 20241 Years 11 MonthsCurrent
Rajesh Naik
Also directs: Chhattisgarh East Railway Limited
Additional Director13 Feb 20260 Years 8 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Ircon International Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Construction Services, Railway Construction), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Rail Vikas Nigam Limited₹20,923 Cr (FY 2025)-9.0%New Delhi, Delhi, India
Afcons Infrastructure Limited₹13,023 Cr (FY 2025)-5.0%Mumbai, Maharashtra, India
Navayuga Engineering Company Limited₹9,736.3 Cr (FY 2024)33.0%Andhra Pradesh, India
Cemindia Projects Limited₹9,152.57 Cr (FY 2025)18.0%Mumbai, Maharashtra, India
Ircon International Limitedthis company₹9,071.05 Cr (FY 2026)₹528.32 Cr5.8%-15.7%New Delhi, Delhi, India
Apco Infratech Private Limited₹7,838.64 Cr (FY 2025)8.0%Lucknow, Uttar Pradesh, India

To see the full peer comparison of Ircon International Limited, buy the company report.

Auditor

Ircon International Limited is audited by Ramesh C Agrawal and Company for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Ramesh C Agrawal and CompanyFY 2024001770C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 65.20%, foreign institutional investors hold 4.60%, domestic institutional investors hold 2.10% and retail and other public shareholders hold 28.20%.

Promoters: 65.20%DII (Domestic Institutional): 2.10%FII (Foreign Institutional): 4.60%Retail & Others: 28.20%
Sep 2026
QUARTER
65.20% Promoters
2.10% DII (Domestic Institutional)
4.60% FII (Foreign Institutional)
28.20% Retail & Others
Promoter holding - history
Now 65.20% · Sep 2026High 65.20% · Dec 2025Low 65.20% · Dec 2025
64%64.8%65.5%66.3%67%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 65.20%Mar 2026: 65.20%Jun 2026: 65.20%Sep 2026: 65.20%65.20%65.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters65.20%65.20%65.20%65.20%
Public34.80%34.80%34.80%34.80%

Charges & borrowings

Open charges
₹1,000 Cr
Satisfied charges
₹1,008.2 Cr
Breakdown by lending institutions
State Bank of India₹1,000.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Nov 2025101204190State Bank of India₹1,000 CrOpen
27 Nov 2025101198896State Bank of India₹1,000 CrSatisfied
12 Aug 201410571230Bnp Paribas₹40.17 LakhSatisfied
27 Nov 199290042628Indian Overseas Bank₹70 LakhSatisfied
11 May 199290040939Export-Import Bank of India₹3.1 CrSatisfied

To see the full charge records of Ircon International Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Ircon International Limited has 43 deals on record (26 market trades, 17 secondary share transfers); the latest was in January 2025.

Total deals
43
Market trades
26
Secondary share transfers
17

Deals on record (5 of 43)

WhenDealAmountParties
Jan 2025Market trade₹119.19 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2024Market trade₹224.19 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2024Market trade₹197.98 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2024Market trade₹384.52 CrBuyer: Graviton Research Capital LLP , Hrti Private Limited
Seller: Graviton Research Capital LLP , Hrti Private Limited
Feb 2024Market trade₹99.27 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited

To see the full deal history of Ircon International Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Ircon International Limited was last rated by Care on 06 Oct 2021.

Rating agencyRated onRating
Care06 Oct 2021

To see the full credit ratings and regulatory alerts of Ircon International Limited, buy the company report.

MSME payment delays

Ircon International Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 46 overdue payments to 16 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 16)

SupplierAmount dueDue sinceReported on
Encorp Powertrans Private Limited
Ashida Electronics Private Limited
SKG Consultants and Engineering Private Limited
Suraj Cables
N L Engineers Private Limited

To see the full MSME payment records of Ircon International Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Ircon International has 11 subsidiary companies and 7 joint ventures. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

11
Subsidiary companies
7
Joint ventures
Key subsidiaries
Company NameCINShares held
Ircon Renewable Power LimitedU40106DL2022GOI392384
Ircon Bhoj Morbe Expressway LimitedU45203DL2022GOI392148
Ircon Haridwar Bypass LimitedU45209DL2022GOI392406
Ircon Gurgaon Rewari Highway LimitedU45309DL2020GOI374941
Ircon Akloli-Shirsad Expressway LimitedU45309DL2021GOI391629
Ircon Ludhiana Rupnagar Highway LimitedU45309DL2021GOI391675

To see the full group structure of Ircon International Limited, buy the company report.

GST

Ircon International has 109 GST registrations: 87 active and 22 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
109
Active
87
Cancelled / inactive
22
GSTINStateStatusRegistered on
07AAACI0684H1ZODelhiActive01 Jul 2017
07AAACI0684H1DXDelhiActive25 Oct 2018
07AAACI0684H2DWDelhiActive31 May 2019
06AAACI0684H1ZQHaryanaActive01 Jul 2017

To see the full GST registrations and return filing status of Ircon International Limited, buy the company report.

Recent activity

Ircon International Limited has 132 board changes on record since 1988: 71 appointments and 61 cessations. The latest: Saleem Ahmad was appointed as Additional Director on 01 Jul 2026.

Appointed
Saleem Ahmad was appointed as Additional Director.
Filing
Ircon International Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Appointed
Rajesh Naik was appointed as Additional Director.
Charges
A charge registered on 27 Nov 2025 via Charge ID 101198896 with State Bank Of India was fully satisfied on 26 Dec 2025.
Charges
A charge with State Bank Of India amounted to Rs. 1,000.00 Cr with Charge ID 101204190 was registered on 27 Nov 2025.
Charges
A charge with State Bank Of India amounted to Rs. 1,000.00 Cr with Charge ID 101198896 was registered on 27 Nov 2025.
AGM
Ircon International Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Appointed
Ajit Kumar Mishra was appointed as Director.
Ceased
Naresh Chandra Karmali ceased to be Additional Director.
Appointed
Thangavel Varadharajan was appointed as Director.
Appointed
Naresh Chandra Karmali was appointed as Additional Director.
Ceased
Parag Verma ceased to be Whole-Time Director.

134 earlier events are in the company report.

News

Ircon International: Plans To Sell Four Highway Assets To Unlock ₹3,000 Crore In Value.
14 Oct 2026 · Exchange Update
IRCON International: Gets ₹862.46 Crore EPC Contract From East Central Railway For Ballast And P.Way Materials; Project Scheduled For Completion In 365 Days.
12 Oct 2026 · Exchange Update
IRCON International: Secures A ₹96 Crore Contract
09 Oct 2026 · Exchange Update
Ircon International: Co Says Worst May Be Over; Railways On Revival Path; Co Says Management Targets Maintaining Fy27 PAT Margin At 6-7%
30 Sep 2026 · Exchange Update
Ircon: Co Says Strategic Diversification Underway Into High-speed Rail, Metro Rail, Kavach Signaling Systems, And A 500 Mw Solar Power Project
30 Sep 2026 · Exchange Update
Ircon International: To Host Analyst And Investor Meeting On September 30
24 Sep 2026 · Exchange Update

Frequently asked questions

Ircon International is an active public limited union government company based in New Delhi, Delhi, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 28 April 1976 (50+ years old) and is registered under CIN L45203DL1976GOI008171. Listed on BSE: 541956 and NSE: IRCON.

Ircon International reported revenue of ₹9,071.05 Cr for FY 2025-26 (down 15.7% YoY) based on consolidated financials.

Ircon International has 7 current directors:

The latest financial statements of Ircon International on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Ircon International is 07AAACI0684H1ZO, registered in Delhi. The company has 109 GST registrations in all, of which 87 are active and 22 are cancelled or inactive. Other active GSTINs include 07AAACI0684H1DX (Delhi), 07AAACI0684H2DW (Delhi), 06AAACI0684H1ZQ (Haryana).

The CIN (Corporate Identification Number) of Ircon International is L45203DL1976GOI008171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ircon International is a listed company as per MCA records. Its shares are listed on both BSE (code: 541956) and NSE (symbol: IRCON).

Ircon International has 1,409 court cases on record: 474 filed by the company and 938 filed against it. 246 are pending. Most are in the high courts.

Ircon International was incorporated on 28 April 1976, making it 50+ years old. It is registered with the Registrar of Companies, Delhi.

Ircon International has 43 deals on record (26 market trades, 17 secondary share transfers); the latest was in January 2025.

The peers of Ircon International by revenue are Rail Vikas Nigam Limited, Afcons Infrastructure Limited, Navayuga Engineering Company Limited, Cemindia Projects Limited, Apco Infratech Private Limited, all in the Infrastructure industry (Construction Services, Railway Construction), with the same principal business activity (roads, railways, utility projects).

Saleem Ahmad was appointed as Additional Director on 01 Jul 2026. Rajesh Naik was appointed as Additional Director on 13 Feb 2026. Ajit Kumar Mishra was appointed as Director on 15 May 2025. Ircon International has 132 board changes on record in total.