IRCON wins fresh orders worth ₹1,068 crore from East Central Railway, sparking investor interest despite a slight dip in share price. This major railway infrastructure contract boosts the PSU’s long-term growth visibility. Backed by strong financials and a proven track record, IRCON continues to cement its leadership in railway EPC projects. Investors are now closely eyeing the Q4 results and the strategic value of this new Bihar project.
₹1,068 Cr Rail Bridge Order to Strengthen IRCON’s Future Outlook
IRCON International Limited, a prominent Railway PSU under the Ministry of Railways, secured a prestigious order from East Central Railway for constructing a 4.090 km long rail bridge between Bikramshila and Katareah stations in Bihar. With a contract value of ₹1,068 crore and a completion period of 1,460 days, this project underscores IRCON’s strength in executing large-scale infrastructure works.
The bridge will include 2 spans of 32.086 metres and 33 spans of 122.00 metres, using Open Web Girder (OWG) design—an engineering choice well-suited for long-span railway bridges. This project not only improves rail connectivity in eastern India but also adds to company’s revenue visibility through FY28.
Such massive infrastructure wins highlight IRCON’s execution capabilities and government trust, which in turn enhances investor confidence in the company’s future.
Also Read: Mazagon Dock Q4 Results: Profit Slips 51% but ₹1.25 Lakh Crore Order Book in Sight
Share Price Performance: Consistent Uptrend with Strong Long-Term Returns
As of June 2, IRCON shares traded at ₹194.20, 1.8% higher than previous close. Here’s a snapshot of its share price journey:
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1 Week: +3.72%
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1 Month: +24.91%
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3 Months: +34.65%
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2 Years: +138.77%
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3 Years: +377.60%
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5 Years: +346%
This remarkable long-term performance reflects strong fundamentals, timely execution, and recurring orders from Indian Railways and other government agencies. Moreover, with a current market capitalisation of ₹17,902.72 crore, IRCON stands tall among mid-cap PSUs on the BSE 500.
Q4 FY25 Results Snapshot: Solid Margins & Order Pipeline
IRCON’s Q4 results further validate its steady growth. Below is a summary:
| Metric | Q4 FY25 | Q4 FY24 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹2,408 crore | ₹2,120 crore | +13.6% |
| Net Profit | ₹213 crore | ₹190 crore | +12.1% |
| EBITDA Margin | 10.4% | 9.7% | +0.7% |
| Order Book (as of March) | ₹34,500 crore | ₹29,800 crore | +15.7% |
The company continues to maintain a healthy order book with ongoing projects across India. Its low-debt model and consistent dividend payouts make it an attractive long-term pick for PSU-focused investors.
Also Read: Suzlon Q4 Results 2025: Highest Profit in a Decade, Record Order Book Signals Bright Future
Dividend & Bonus History: Rewarding Long-Term Shareholders
IRCON has a reputation for rewarding its investors. In FY25, it declared a dividend of ₹1.65 per share in February. Last fiscal year, the company announced dividends of ₹1.80 in February and ₹1.30 in September.
In 2021, the company issued bonus shares in a 1:1 ratio—doubling investor holdings and enhancing retail participation in the PSU stock rally.
Such shareholder-friendly practices build trust and signal strong cash flows and corporate governance.
Final Word: Is IRCON Still a Buy After This Order Win?
With another major railway order under its belt, a robust order book, and reliable financials, the company remains a compelling choice in India’s infrastructure growth story. While short-term fluctuations may occur, the long-term fundamentals remain intact. Retail investors looking for stable PSU opportunities with steady dividends, long-term capital appreciation, and exposure to India’s infrastructure boom should keep IRCON on their radar.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
