We will discuss the IRCON Share Price Target 2024, 2025, and 2030 in order to determine which way the performance of this greatest firm in the railway construction industry is likely to develop over the ensuing years.
Investors anticipate outstanding growth in the companyโs business in the upcoming days as a result of the rapid increase in infrastructure-related construction projects over the past few years.
Along with looking at IRCONโs business in its entirety today, we will also examine the companyโs business potential, which will give us a general notion of how much the IRCON Share Price Target can increase in the upcoming years.
About IRCON Company
An Indian engineering and construction company with a focus on transport infrastructure is called Ircon International, sometimes known as Indian Railway Construction International Limited (IRCON).
The Indian Railways created the public sector enterprise in 1976 in accordance with the Indian Companies Act of 1956. As an entirely owned subsidiary of the Indian Railways, IRCON was registered as the Indian Railway Construction International Limited.
Its main mission was to build railway projects both in India and abroad. Since then, Ircon has expanded into other areas of transportation and infrastructure, and in October 1995, the name was changed to Indian Railway International Ltd. to reflect the companyโs expanding global operations.
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Table of IRCON Share Price Target
| Target Year | 1stย Target | 2ndย Target |
| ย 2023 | โน 175 | โน 240 |
| 2024 | โน 230 | โน 350 |
| 2025 | โน 320 | โน 470 |
| 2026 | โน 450 | โน 610 |
| 2027 | โน 570 | โน 825 |
| 2028 | โน 800 | โน 990 |
| 2029 | โน 950 | โน 1,300 |
| 2030 | โน 1,250 | โน 1,700 |
| 2040 | โน 7,500 | โน 8,500 |
| 2050 | โน 15,000 | โน 17,000 |
IRCON Share Price Target 2023
Government-owned IRCON specializes in big projects like building highways, railway stations, and infrastructure for railways.
If seen gradually, the work on projects in the railway sector was halted in the last few years due to the pandemic.
However, now that all of these projects have been completed, there has been a significant increase in the order book of IRCON.
Even now, IRCON has a sizable backlog of orders, and the companyโs management claims that this backlog is growing quickly.
The business of the corporation will have a very good increase in revenue and profit along with earning a very good return on investment as IRCON will be observed successfully completing its order book.
IRCON share price target 2023 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2023 | โนย 175 | โนย 240 |
IRCON Share Price Target 2024
Along with India, IRCON also works on project work for several other nations in the railway building industry.
Several nations, including Malaysia, Nepal, Bangladesh, Afghanistan, Algeria, and Sri Lanka, are among those where IRCON conducts business and where the corporation works on significant railway construction projects.
Due to IRCONโs extensive experience in the railway construction industry, the company frequently receives sizable orders from other nations.
Along with this, the management is constantly making an effort to develop fresh ideas for ventures in other nations.
IRCON share price target 2024 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2024 | โนย 230 | โนย 350 |
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IRCON Share Price Target 2025
IRCON frequently partners with other businesses in joint ventures in order to accelerate the growth of its business.
If the past few years are any indication, IRCON is managing its joint venture with numerous other businesses, including ISTPL, IRSDC, CERL, CEWRL, and MCRL, from which the company reaps highly favorable results.
The management has made detailed plans to collaborate and form partnerships with other businesses in the future in order to significantly accelerate their companyโs growth.
In the upcoming years, IRCONโs business will undoubtedly be benefited as the strategic relationship with other companies and the company grows stronger.
IRCON share price target 2025 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2025 | โนย 320 | โนย 470 |
IRCON Share Price Target 2026
In order to improve the expansion of its business swiftly in the future, IRCON is gradually seen broadening itself in several growing business categories along with carrying out operations related to railway construction.
If recent events are to be believed, IRCON has also been observed entering the renewable energy market through a joint venture.
Additionally, with the aid of its many subsidiary businesses, IRCON has begun working on numerous projects connected to Diversify Construction, so it is entirely reasonable to assume that going forward, the company will be able to take advantage of more chances from various industries.
There is a great chance that new projects will become accessible, which will likely lead to a significant upswing in IRCONโs company.
IRCON share price target 2026 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2026 | โนย 450 | โนย 610 |
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IRCON Share Price Target 2030
A thorough examination of IRCONโs operations will reveal numerous significant projects that will likely not be finished anytime soon.
IRCON will gain from the progressive increase in activity on projects involving significant rail infrastructure, such as metro rail, train electrification, and bullet trains.
If the Indian government is taken into consideration, it is observed that it is raising its investment level annually in order to improve the railway infrastructure and to create very large projects.
Since IRCON is a government-affiliated corporation, it will be the only one to see the majority of the work done on these large projects once it begins.
IRCON share price target 2030 is as follows โ
| Target Year | 1stย Target | 2ndย Target |
| 2030 | โนย 1,250 | โนย 1,700 |
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F.A.Q: People also ask โ
Is IRCON a good stock?
Future potential for expansion in the IRCON sector is enormous given the rate at which projects relating to railway infrastructure are growing every year.
What is the future of IRCON share?
There are numerous chances for expansion in the IRCON industry given how quickly the Indian government is developing new plans to improve the railway infrastructure. IRCON appears to be a very attractive firm if youโre a long-term investor looking to benefit from the expanding railway infrastructure.
Is IRCON a debt-free company?
IRCON International has net cash, thus itโs safe to conclude it does not have a significant debt load despite its notable liabilities. Positively, IRCON Internationalโs EBIT increased by 26% in the previous year, which should make debt repayment easier moving forward.
Does IRCON Share pay dividends every year?
If seen in terms of dividends, IRCON Share looks very good, the company is seen giving a 2.98% dividend every year to its shareholders.
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Conclusion
Due to an increase in infrastructure-related building projects, IRCON International Limited, a government-owned engineering and construction firm with an emphasis on transportation infrastructure, is anticipated to experience considerable growth in the upcoming years.
Investors find the company to be a desirable investment opportunity due to its solid fundamentals, which include a low debt-to-equity ratio, a high promoter holding, and a positive return on equity.
With a short-term aim of Rs. 175โ240 for 2023 and a long-term target of Rs. 15,000โ17,000 for 2050, the share price target for IRCON is expected to rise significantly over the following ten years.
Keep in mind, though, that these estimates are susceptible to changes in the market and other outside variables, and that investors should do their own research before making any investment decisions.
