IRCON International, a Navratna PSU, saw its shares jump 8.83% in early trading today (March 18). The stock reached ₹150.45 per share on the BSE, compared to its last close of ₹138.25 on Monday. As of 12:14 PM, IRCON is trading at ₹145.60, up 5.37%.
Why Is IRCON Share Rising Today?
The rise in the share price of this Ministry of Railways PSU comes after the company announced a significant Engineering, Procurement, and Construction (EPC) order win.
In an exchange filing on Monday (March 17), IRCON revealed that it had secured an EPC contract worth ₹1,096 crore in a joint venture (JV) with Badri Rai and Company (BRC) from the Government of Meghalaya.
According to the regulatory filing, the contract involves the construction of a new Secretariat Complex, including campus infrastructure in New Shillong City. The project is expected to be completed within 36 months.
IRCON Share Performance Overview
- 1-week change: Up 0.73%
- Year-to-date (YTD): Down 33%
- 6-month performance: Down 35%
- 1-year performance: Down 32%
- 3-year performance: Up 253%
- 5-year performance: Up 350%
Despite its recent downturn, IRCON has delivered massive multi-year returns for investors.
IRCON International Q3 Results 2025
- Net profit: Down 64.8% YoY at ₹86.1 crore (from ₹244.7 crore in Q3 FY24)
- Revenue from operations: Down 10.8% YoY at ₹2,613 crore (from ₹2,929 crore in Q3 FY24)
- EBITDA: Down 49% YoY at ₹131.92 crore
- EBITDA margin: Down 378 bps to 5% (from 8.8%)
- EPS (not annualized): ₹0.92 per share (face value of ₹2 per share)
Analysts’ View on IRCON International
IRCON International is covered by three analysts, but none have a “buy” recommendation on the stock.
- Antique Stock Broking: “Hold” rating, target price of ₹153
- IDBI Capital Markets: “Sell” rating, target price of ₹143
- Equirus Securities: “Sell” rating, target price of ₹144
As per the December shareholding pattern, the Government of India holds a 65.17% stake in IRCON.
Technical Analysis & Market Sentiment
- 52-week range: ₹351.65 – ₹134.30
- Relative Strength Index (RSI): 30.1, indicating it’s neither overbought nor oversold
- Beta (1-year): 1.7, signaling high volatility
- Current Market Cap: ₹13,002 crore
Final Thoughts
Despite IRCON’s 33% YTD fall, the stock has surged today after the ₹1,096 crore order win. However, weak Q3 earnings and lack of buy ratings from analysts suggest caution. As of 12:14 PM, IRCON shares are trading at ₹145.60, up 5.37%.