Rs 20,973 crore order book: Construction company bags order worth Rs 510,46,87,186.39 from Meghalaya Infrastructure Development & Finance Corporation

DSIJ Intelligence-1 / 25 Aug 2025/ Categories: Multibaggers, Trending

Rs 20,973 crore order book: Construction company bags order worth Rs 510,46,87,186.39 from Meghalaya Infrastructure Development & Finance Corporation

The stock gave multibagger returns of 330 per cent in just 3 years whereas the BSE Sensex Index is up by 39 per cent.

IRCON International Ltd., a Navratna Public Sector Enterprise, has been awarded a significant domestic contract by the Meghalaya Infrastructure Development & Finance Corporation Limited. Valued at approximately Rs 510,46,87,186.39, the project involves the construction of eight Eklavya Model Residential Schools across various locations in Meghalaya. The contract, which is based on an EPC (Engineering, Procurement, and Construction) model, is to be executed within a timeframe of 36 months. This new project highlights IRCON's role in developing social infrastructure in India.

DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.

About the Company

IRCON International Ltd. is a Navratna Public Sector Enterprise and a leading turnkey construction company under the Ministry of Railways. Known for its quality and performance, IRCON's core expertise lies in Railways and Highways, encompassing projects like track construction, electrification, tunnelling and various infrastructure developments, including roads, buildings and metro systems. With a significant presence, IRCON has successfully completed over 130 projects in 25 countries globally and 405 projects across India.

Results: For the first quarter of fiscal year 2026 (Q1FY26), Revenue from Operations was reported at Rs 1,786.30 crore, a decrease of Rs 22 per cent from Rs 2,287.10 crore in Q1FY25. Profit After Tax (PAT) for the quarter also saw a decline of 27 per cent, standing at Rs 164.10 crore in Q1FY26 compared to Rs 224 crore in the same period last year. Looking at the full fiscal year 2025 (FY25), Revenue from Operations was Rs 10,193.10 crore, down from Rs 11,950.40 crore in FY24. Similarly, PAT for the full year was Rs 737.60 crore in FY25, a decrease from Rs 862.90 crore in FY24.

DSIJ's ‘Mid Bridge’ service recommends well researched mid-cap stocks for smart investing. If this interests you, download the service details here.

Order Book Update: The total order book as of June 30, 2025, stands at Rs 20,973 crore with railways orders of Rs 15,724 crore, highways orders of Rs 4,234 crore and other orders of Rs 1,015 crore.

IRCON is a PSU company with a market cap of over Rs 15,000 crore. The stock gave multibagger returns of 330 per cent in just 3 years whereas the BSE Sensex Index is up by 39 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.