Ircon International - Strong Execution In Q4: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Ircon International Ltd.'s Q4 FY22 (standalone) revenue beat our estimate sharply by 20%. Ebitda margin was weak in the quarter, which company has mentioned as a one-off impact. Order inflow was healthy at Rs 30 billion in Q4 and in FY22 total order inflow is Rs 162 billion. Order inflow guidance is Rs 100-150 billion for FY23E. Order book continues to strengthen at Rs 438 billion and at six times FY22 revenue it provides revenue visibility. Ircon targets FY23E revenue growth of 10-15% with Ebitda margin at 8%. Company has declared dividend of Rs 0.65 per share in the quarter. Over nine months FY22, it has announced dividend per share of Rs 1.85 already, thus totaling to Rs 2.5/share which gives dividend yield of ~6.4%. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ircon International - Strong Execution In Q4: IDBI Capital

Ircon International - Strong Execution In Q4: IDBI Capital

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