Ircon International Ltd.- Bonus Shares 1:1 approved and recommended on 5th April 2021

 

Ircon International Ltd.

On Monday, 5th April 2021 the Board have approved and recommended the issuance of fully paid up Bonus Shares in the ratio of 1:1.

Ircon International Limited (Indian Railway Construction International ltd), (A Govt. of India Undertaking),  An integrated Engineering and Construction Company operating in the execution of Railway projects.

Date of Listing (NSE) : 28-Sep-2018

Face Value : 2.00

Profile overview

ü  1)Quote at market closing

ü  2)Balance sheet as of Mar 2020

ü 3) Revenue for the Qtr. Ending Dec 2020

ü  4)Net Profit for the Qtr. Ending Dec 2020  

ü  5)Shareholding Pattern for the Qtr. Ending Dec 2020

ü  6)Returns over 10-year period

7)Conclusion

1)Quote at market closing

As on date March 30,2021 , at market closing the stock trading at 87.40with 1 day return of 8.10%. % of Deliverable quantity to Traded Quantity 29.84 %

52 week high	108.50	(11-FEB-21)
52 week low	61.05	(26-MAR-20)

 

2)Balance sheet (in Rs. Cr.) As on March 2020

Total Reserves and Surplus 4,067.08 Cr.

Long term Borrowings 1,845.92 Cr

Short term Borrowings 0.00 Cr

Cash and Cash Equivalents 2,500.88 Cr

3)Revenue for the Qtr Ending Dec 2020	1,353 Cr (increase in Q-o-Q& Y-o-Y)
4) Net Profit for the Qtr Ending Dec 2020	91 Cr (increase in Q-o-Q & decline on Y-o-Y)

 

5)Shareholding Pattern for the Qtr Ending Dec 2020

Promoter-89.18 %	Public-8.69
FII-0.34%,	and others 0.00%
DII-1.79%,

 

6)Returns

Over 1 Week(10.38%),	over 6 months(12.68%),
over 1 month(-1.11%)	over 1 year (-1.71%)
over 3 months(-1.00%)

 

7)Conclusion

Important parameters

Ø  a)About company website- when we visit website it displays 40 years of Engineering Excellence in over 20+ countries , Turnkey ifrastructure construction company

Ø b) The company’s top management S.K. Chaudhary (Chairman & MD), adding value to the company profile regarding Construction and infrastructure services

Ø c) % of shares pledged is Zero

Ø d) Low debt in company

Ø e) Chart pattern of the company indicating a long-term value investment for the retail investors

Ø f) FII increasing their shareholding.

Ø g) Promoter holding is 89.18 % (as OFS the promoter holding will be adjusted in the next Qtr result.

Ø h) As a PSU distributes dividends  every year.

 

Over all it is Good PSU stock for the Long term investment.  Investors can analyze and consult your financial advisor before investing. Never invest in market by taking loan, as it can ruin your financial discipline.