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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comIrcon International Ltd is a government-owned engineering and construction company primarily engaged in railway infrastructure projects in India and abroad. As a Mini Ratna PSU under the Ministry of Railways, Ircon plays a strategic role in executing complex railway, highway, bridge, tunnelling, and electrification projects.
With India’s massive push toward railway modernisation, metro expansion, high-speed corridors, and overseas infrastructure projects, Ircon International is well-positioned to benefit from long-term public capital expenditure. In this article, we analyze Ircon International Ltd share price targets from 2026 to 2030 based on current market data, business fundamentals, shareholding pattern, and infrastructure sector outlook.
| Detail | Value |
|---|---|
| Open | ₹156.84 |
| Previous Close | ₹154.91 |
| Day’s High | ₹161.86 |
| Day’s Low | ₹156.40 |
| VWAP | ₹159.70 |
| 52-Week High | ₹229.50 |
| 52-Week Low | ₹134.24 |
| All-Time High | ₹351.60 |
| All-Time Low | ₹29.00 |
| Market Capitalization | ₹15,198 Cr |
| Volume | 28,93,632 |
| Value (Lacs) | 4,676.11 |
| 20D Avg Volume | 45,24,142 |
| 20D Avg Delivery (%) | 25.19% |
| Face Value | ₹2 |
| Book Value Per Share | ₹68.66 |
| Dividend Yield | 1.64% |
| UC Limit | ₹185.89 |
| LC Limit | ₹123.93 |
| Beta | 2.02 |
Ircon International Ltd specializes in EPC projects related to railways, highways, bridges, tunnels, electrification, and signalling systems. The company has a strong execution track record across challenging geographies, both domestically and internationally, including projects in Asia, Africa, and the Middle East.
Ircon’s asset-light model, government backing, and diversified project portfolio provide revenue visibility and reduce long-term business risk.
Strong expertise in railway EPC projects
Beneficiary of Indian Railways’ modernization and expansion plans
Presence in international infrastructure projects
Healthy order book providing revenue visibility
Government backing as a PSU
Consistent dividend payouts
Ircon has benefited from increased order inflows from railway electrification, track doubling, metro projects, and overseas contracts. While margins are moderate due to competitive bidding, stable execution and timely project completion support profitability. Analysts highlight that working capital discipline and order execution speed will be key drivers of future performance.
| Investor Type | Holding (%) |
|---|---|
| Promoters | 65.17% |
| Retail & Others | 28.57% |
| Foreign Institutions | 4.54% |
| Other Domestic Institutions | 1.49% |
| Mutual Funds | 0.24% |
The shareholding pattern reflects strong government ownership and significant retail participation, which can lead to periodic volatility.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 185 | 215 |
| 2027 | 225 | 265 |
| 2028 | 275 | 320 |
| 2029 | 335 | 390 |
| 2030 | 405 | 470 |
These projections consider sustained infrastructure spending, stable order execution, and gradual valuation re-rating.
By 2026, Ircon may benefit from strong execution of ongoing railway and metro projects.
Growth Drivers:
Railway electrification and doubling projects
Stable order inflows
Improved execution efficiency
Government-led infrastructure spending
Investment View: Suitable for medium-term investors focused on PSU infrastructure plays.
In 2027, improved project mix and overseas execution could support earnings growth.
Growth Drivers:
Expansion of metro and highway projects
International project contributions
Stable operating margins
Better working capital management
Investment View: Attractive for long-term investors seeking infrastructure exposure.
By 2028, consistent revenue visibility may lead to valuation re-rating.
Growth Drivers:
Strong order book
Continued government capex
Improved return ratios
Enhanced execution credibility
Investment View: Suitable for investors aiming for long-term compounding.
In 2029, sustained profitability and cash flow stability could strengthen investor confidence.
Growth Drivers:
Large-scale railway modernization
Overseas EPC expansion
Stable dividend payouts
Improved balance sheet strength
Investment View: Favors investors focused on steady capital appreciation.
By 2030, Ircon could emerge as a key beneficiary of India’s long-term infrastructure and railway growth story.
Growth Drivers:
Long-term railway and metro expansion
Consistent government support
Scalable EPC business model
Strong execution track record
Investment View: Ideal for long-term investors seeking exposure to infrastructure development.
Ircon International Ltd offers a balanced infrastructure investment opportunity backed by government spending and long-term visibility. While the stock can be volatile due to its high beta, its business fundamentals remain closely tied to India’s infrastructure growth.
Strong alignment with railway and infrastructure capex
Government-backed PSU status
Healthy order book visibility
Dividend-paying stock
Long-term growth potential
Execution delays
Margin pressure due to competitive bidding
Working capital challenges
Market volatility due to high beta
Regular monitoring of order inflows and project execution is recommended.
Ircon International Ltd stands as a strategic infrastructure PSU benefiting from India’s ambitious railway and transport expansion plans. While short-term price movements may remain volatile, the long-term outlook appears constructive.
Analysts estimate that Ircon International share price could reach between ₹405 and ₹470 by 2030, supported by consistent execution, infrastructure investments, and stable government backing. For investors seeking long-term exposure to India’s infrastructure development story, Ircon International remains a promising candidate.
1. What is the current share price of Ircon International Ltd?
It is around the levels mentioned in the latest market data table and fluctuates with market conditions.
2. What is the Ircon share price target for 2026?
The expected range for 2026 is ₹185 to ₹215.
3. Is Ircon International a good long-term investment?
Yes, for investors looking to benefit from India’s railway and infrastructure growth.
4. What is the Ircon share price target for 2030?
The projected target range for 2030 is ₹405 to ₹470.
5. What factors influence Ircon share price the most?
Infrastructure spending, order book growth, execution efficiency, margins, and government policies.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Please consult a certified financial advisor before making any investment decisions.
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