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    you are here: HomeNewsBusinessMoneycontrol Research

    IRCON International: Story remains compelling

    This railway engineering is remotely worried about Covid-19 led issues. What is more earnings trajectory remain strong even if there could be minor disruptions in current fiscal

    Jitendra Kumar Gupta
    July 17, 2020 / 01:40 PM IST
    IRCON International: Story remains compelling

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    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Jitendra Kumar Gupta Moneycontrol Research Highlights - March quarter results not impacted much because of the higher revenue recognition - Margins and other income dropped but lower taxes helped in posting strong net income - Earnings expected to be lower in FY21 with a strong recovery in FY22 - Strong order book, cash in the books to provide liquidity and support growth - Stock trading at attractive valuation For railway engineering companies, the journey so far has been remunerative.  Investors who saw merit in their fundamentals were quick to grab the stocks,...

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