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While most stocks moved sideways, Ircon’s share price raced ahead. The PSU stock climbed around 12.5 per cent today (June 4, 2025) after bagging a big-ticket railway contract worth Rs 1,068 crore.
It’s the kind of news that can turn a dull chart into a breakout, and that’s exactly what happened. The stock hit Rs 218.70 intraday before settling near Rs 218.35.
The fresh trigger: a mega bridge deal
On June 3, 2025, Ircon announced it had won an EPC contract from East Central Railway. The scope? Building a broad-gauge bridge over the Ganga between Bikramshila and Katareah stations in Bihar.
This new deal is a big win, especially after a quarter that didn’t quite impress.
Q4 FY25: A lacklustre show
| Metric | Q4 FY25 | Q4 FY24 | YoY change |
|---|---|---|---|
| Revenue from operations | Rs 3,412 crore | Rs 3,787 crore | - 9.9 per cent |
| Total income | Rs 3,515 crore | Rs 3,894 crore | - 9.7 per cent |
| EBITDA | Rs 358 crore | Rs 424 crore | - 15.7 per cent |
| EBITDA margin | 10.2 per cent | 10.9 per cent | - 72 bps |
| Profit before tax (PBT) | Rs 263 crore | Rs 356 crore | - 26.1 per cent |
| Profit after tax (PAT) | Rs 211.8 crore | Rs 246.7 crore | - 14.1 per cent |
| PAT Margin | 6 per cent | 6.5 per cent | - 50 bps |
| EPS | Rs2.24 | Rs2.62 | ▼ 14.5% |
About the company
Ircon is a government-owned engineering and construction firm under the Ministry of Railways. It’s involved in railways, highways, bridges and infra projects both in India and abroad.
Below is a table showcasing the company’s fundamentals.
| Metric | Value |
|---|---|
| Market cap | Rs 19,751 crore |
| ROE | 16.8 per cent |
| ROCE | 20.1 per cent |
| P/E ratio | 27.2 |
| P/B ratio | 3.1 |
| Dividend yield | 1.3 per cent |
| Book value | Rs 67.3 |
| EPS | Rs 7.7 |
Value Research Online ratings
- Overall: 2/5
- Quality: 6/10
- Growth: 7/10
- Valuation: 3/10
- Momentum: 3/10
The takeaway
This isn’t a company firing on all cylinders yet, but the engine is humming again. If the order flow continues and margins hold up, Ircon could keep chugging along nicely.
Just don’t hop on after the rally without checking the track ahead.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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