| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,956 | 1,786 | +9.5% |
| EBITDA | 205 | 200 | +2.6% |
| EBITDA margin | 10.5% | 11.2% | −0.7 pts |
| Profit before tax | 140 | 194 | −27.6% |
| Net profit | 92.0 | 164 | −43.9% |
| EPS | ₹0.99 | ₹1.75 | −43.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 9,451 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 2,557 | 2,557 | 2,691 | 2,743 | 2,438 | ||
| 32.1 | 32.1 | 35.6 | 35.2 | 13.1 | ||
| 5,664 | 5,664 | 4,264 | 2,567 | 1,504 | ||
| 12,590 | — | — | — | — | ||
| 9,241 | 9,071 | 10,760 | 12,331 | 10,368 | ||
| — | −15.7% | −12.7% | +18.9% | — | ||
| 771 | 766 | 845 | 924 | 703 | ||
| 8.3% | 8.4% | 7.9% | 7.5% | 6.8% | ||
| 601 | 603 | 727 | 824 | 596 | ||
| 520 | 592 | 728 | 930 | 765 | ||
| 5.6% | 6.5% | 6.8% | 7.5% | 7.4% | ||
| ₹5.57 | ₹6.33 | ₹7.73 | ₹9.88 | ₹8.14 | ||
| — | −18.1% | −21.7% | +21.5% | — | ||
| — | −618 | −1,110 | −78.6 | −168 | ||
| — | −533 | −1,052 | −848 | −99.8 | ||
| −1,151 | −1,151 | −2,162 | −927 | −268 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 9,451.1 | |
| - Cash, Equiv & ST Investments | 2,438.1 | 2,743.3 | 2,690.5 | 2,557.2 | 2,557.2 | |
| + Minority Interest | 13.1 | 35.2 | 35.6 | 32.1 | 32.1 | |
| + Total Debt | 1,504.2 | 2,567.2 | 4,264.3 | 5,663.6 | 5,663.6 | |
| Enterprise Value | — | — | — | — | 12,589.5 | |
| Revenue | 10,367.9 | 12,330.9 | 10,759.6 | 9,071.1 | 9,240.6 | |
| Growth %, YoY | — | +18.9 | -12.7 | -15.7 | — | |
| EBITDA | 703.1 | 924.1 | 844.8 | 765.8 | 771.0 | |
| Margin % | 6.78 | 7.49 | 7.85 | 8.44 | 8.34 | |
| EBIT | 595.7 | 823.7 | 726.9 | 603.0 | 600.5 | |
| Net Income | 765.2 | 929.5 | 727.8 | 591.9 | 519.9 | |
| Margin % | 7.38 | 7.54 | 6.76 | 6.53 | 5.63 | |
| EPS, Adj (current shares) | 8.14 | 9.88 | 7.73 | 6.33 | 5.57 | |
| Growth %, YoY | — | +21.5 | -21.7 | -18.1 | — | |
| Cash from Operations | -167.8 | -78.6 | -1,109.5 | -617.6 | — | |
| Capital Expenditures | -99.8 | -848.3 | -1,052.1 | -533.2 | — | |
| Free Cash Flow | -267.6 | -926.9 | -2,161.6 | -1,150.8 | -1,150.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
IRCON International (NSE: IRCON) had a market capitalisation of ₹9,488 crore at the 29 October 2026 close (₹100.88 a share), a PE ratio of 18.1 on the last four quarters' profit and a price-to-book ratio of 1.43. In FY26 its consolidated net profit attributable to shareholders was ₹595 crore on revenue of ₹9,071 crore; in Q1 FY27 (April–June 2026) it was ₹92.7 crore, down 43.6% year on year. Its debt-to-equity ratio was 0.85 on 31 March 2026. Promoters held 65.17% of the shares on 30 September 2026.
IRCON International's PE ratio is 18.1 at the 29 October 2026 close (₹100.88 a share): a market capitalisation of ₹9,488 crore divided by consolidated net profit attributable to shareholders of ₹524 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹595 crore) it is 15.9.
IRCON International's price-to-book (PB) ratio is 1.43 at the 29 October 2026 close: a market capitalisation of ₹9,488 crore divided by shareholders' equity (book value) of ₹6,639 crore on 31 March 2026. That is a book value of ₹70.59 per share against a share price of ₹100.88.
In FY26, IRCON International's return on equity (ROE) was 9.2% and its return on capital employed (ROCE) was 4.6%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.9% and ROCE 6.4%.
IRCON International's market capitalisation was ₹9,488 crore at the 29 October 2026 close: 94.05 crore shares at ₹100.88 each.
No. IRCON International had borrowings of ₹5,664 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.85. Its cash and current investments were ₹5,176 crore, so its net debt was ₹487 crore.
IRCON International's basic earnings per share (EPS) were ₹6.33 in FY26, against ₹7.73 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹5.57.
IRCON International's debt-to-equity ratio was 0.85 on 31 March 2026: borrowings of ₹5,664 crore against total equity of ₹6,671 crore. A year earlier, on 31 March 2025, it was 0.67.
In 2026, IRCON International has declared two dividends totalling ₹1.90 a share: ₹1.20 (interim) with record date 17 February 2026 and ₹0.70 with record date 17 September 2026.
Promoters held 65.17% of IRCON International on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
IRCON International's net worth — shareholders' equity in its consolidated balance sheet — was ₹6,639 crore on 31 March 2026, up 4.9% from ₹6,326 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹9,488 crore at the 29 October 2026 close.
IRCON International's book value per share was ₹70.59 on 31 March 2026: shareholders' equity of ₹6,639 crore divided by the 94.05 crore shares in issue, up 4.9% from ₹67.27 a year earlier. The share price at the 29 October 2026 close was ₹100.88.
IRCON International's dividend yield is 1.88% at the 29 October 2026 close: dividends of ₹1.90 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹100.88. They were ₹0.70 on 17 September 2026 and ₹1.20 on 17 February 2026 (interim).
On 30 September 2026, IRCON International's shares were held by promoters 65.17%, foreign portfolio investors (FII/FPI) 4.62%, domestic institutions (DII) 1.81% (including mutual funds at 0.31%) and retail and other non-institutional investors 28.12%. Over the year, FII holding was up 0.01 percentage points from 4.61% and DII holding was up 0.17 percentage points from 1.64%.
On FY26 consolidated figures, against RVNL and RITES: IRCON International's operating margin of 6.7% is the second highest of the three (RVNL 3.6%, RITES 20.2%; peer average 11.9%); its return on equity of 9.2% is the second highest of the three (RVNL 9.0%, RITES 15.4%; peer average 12.2%); its revenue growth over three years of −4.4% a year is the lowest of the three (RVNL 0.2% a year, RITES −2.8% a year; peer average −1.3% a year).
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, IRCON International's PE ratio is 15.9, the lowest of the three: RVNL 44.3 and RITES 22.8, a peer average of 33.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, IRCON International generated ₹618 crore of cash from operations and spent ₹533 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹1,151 crore. In FY25 it was −₹2,162 crore.
IRCON International's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit attributable to shareholders ₹92.7 crore, down 43.6% from ₹165 crore in Q1 FY26; revenue from operations ₹1,956 crore, up 9.5% year on year.
In FY26 (April 2025–March 2026), IRCON International's consolidated net profit attributable to shareholders was ₹595 crore, down 18.1% from ₹727 crore in FY25, on revenue from operations of ₹9,071 crore (down 15.7%). Over three years, from FY23, net profit was down 22.2%.
IRCON International will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
In FY26, IRCON International earned net profit attributable to shareholders of ₹595 crore on revenue of ₹9,071 crore, against ₹875 crore on ₹20,412 crore for RVNL. IRCON International's operating margin was 6.7% (RVNL 3.6%) and its return on equity 9.2% (RVNL 9.0%). At the 29 October 2026 close, IRCON International's market capitalisation was ₹9,488 crore against ₹38,781 crore for RVNL, and its PE ratio on FY26 profit 15.9 against 44.3.
From IRCON International's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.