English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!
    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

    File Image

    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,...

    • PRO Panorama

      Moneycontrol Pro Panorama | Move over bulls, bears are in control

      May 19, 2022 / 05:32 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Congress faces an acid test, Manappuram Finance’s losing sheen, ITC plays to its advantage, Start-up Street and more

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender | Losing faith

      May 7, 2022 / 10:05 AM IST

      Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landing

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers