MarketFriction

IVRCL Ltd

NSE IVRCLINFRA · BSE 530773 · Civil Construction
₹0.40 +0.00%
NSE close2019-08-30
Market cap₹31.3 Cr.
No trades in 30 days

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales2326141656708724
Expenses643620434321141017141011
Operating Profit-42-10-6-28-38-15-7-9-9-6-8-7
OPM %-182%-38%-46%-176%-739%-236%-110%-1,971%-111%-88%-539%-150%
Other Income3352992222222
Interest580612646672694716756789803846895932
Depreciation322221112111
Profit before tax-622-621-649-699-725-723-742-798-811-852-902-938
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-623-622-649-700-726-724-743-798-811-852-903-938
EPS in Rs-7.96-7.94-8.29-8.94-9.27-9.24-9.49-10.20-10.36-10.88-11.53-11.98
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales3,1172,3622,0151,41372948931228774612121
Expenses3,1442,7592,3861,9418551,0191,4763271471436252
Operating Profit-27-398-370-528-126-529-1,164-41-73-82-40-30
OPM %-0.9%-17%-18%-37%-17%-108%-373%-14%-98%-136%-189%-142%
Other Income984737-389-150-3816121420358
Interest6536786851,0141,2191,3971,6181,9042,2302,6253,0643,476
Depreciation908072654833241813855
Profit before tax-672-1,108-1,090-1,995-1,544-1,997-2,791-1,951-2,302-2,695-3,075-3,503
Tax %0%-4%-88%-0%0%0%0%0%0%0%0%
Net Profit-672-1,068-130-1,991-1,545-1,999-2,792-1,953-2,304-2,696-3,076-3,504
EPS in Rs-14.64-14.66-1.65-25.43-19.74-25.53-35.66-24.94-29.42-34.44-39.29-44.75
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-39%-46%-58%14%
Compounded Profit Growth%-16%-25%-17%
Stock Price CAGR-22%%%%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital92146157157157157157157157157157157
Reserves1,044290230-1,761-3,306-5,302-8,107-10,060-12,363-15,058-18,134-19,888
Borrowings4,7604,9615,3476,2187,0587,7568,4919,46010,44311,67813,15214,002
Other Liabilities2,9753,0413,2213,7824,3285,1935,9837,0218,2889,67711,25412,143
Total Liabilities8,8718,4378,9558,3968,2377,8046,5226,5776,5246,4536,4296,413
Fixed Assets477362315235187153134116103959088
CWIP000000000000
Investments1,8212,1031,8671,8701,8701,8721,8481,8341,8341,8341,8341,830
Other Assets6,5735,9726,7736,2916,1805,7784,5414,6274,5874,5244,5054,495
Total Assets8,8718,4378,9558,3968,2377,8046,5226,5776,5246,4536,4296,413
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity-509-410-130-134-192-354-65-282090318
Cash from Investing Activity-118-71-44-57543-2524-2022-7
Cash from Financing Activity6504791521872162819500-14700
Net Cash Flow23-2-22-478-706-40-55510
Free Cash Flow-516-417-128-128-173-354-65-282089318
CFO/OP-325%1,448%55%63%31%266%10%9%-64%-125%-7%-45%
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days1451922672523085015939138923,1093,80910,188
Inventory Days97133109394
Days Payable1,0691,9242,1239,828
Cash Conversion Cycle145192-705-1,538-1,706-8,9325939138923,1093,80910,188
Working Capital Days-186-66-305-610-1,649-4,027-7,331-14,652-18,609-83,489-117,993-385,367
ROCE %2%-1%-8%-7%-10%-4%-17%-74%-98%
Dec 2021Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%5.37%
FIIs0.68%1.04%1.55%1.55%1.55%1.55%1.55%1.55%1.55%1.55%1.55%1.55%
DIIs45.06%44.69%44.18%44.18%44.18%44.18%44.18%44.18%44.18%44.18%44.18%44.18%
Public48.89%48.90%48.88%48.89%48.88%48.89%48.88%48.89%48.89%48.88%48.88%48.88%
No. of Shareholders1,63,5421,63,2031,63,1361,63,0691,62,9931,62,9461,62,8941,62,8041,62,7641,62,7161,62,6841,62,648

Fundamentals

Market Cap₹ 31.3 Cr.
Current Price₹ 0.40
Book Value₹ -252
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)-17%
Standalone figures.
Valuation
Market capRs 31 Cr
Enterprise valueRs 13,084 Cr
Price to book-0.00x
Price to sales1.47x
EV / sales615.70x
Price to cash flow1.77x
Earnings yield-11189.30%
P/B, 3-year average-0.00x
P/B, 5-year average-0.00x
Profitability
Operating margin (excl. other income)-188.58%
Operating margin (incl. other income)-25.69%
EBITDA margin-105.55%
Pre-tax margin-16482.49%
Net profit margin-16489.55%
Net margin, latest quarter-21029.60%
ROE18.71%
ROA-47.76%
ROE, 3-year average19.81%
ROA, 3-year average-41.49%
ROE, 5-year average24.79%
ROCE, 5-year average-86.31%
ROA, 5-year average-38.65%
Tax rate-0.05%
Other income / net worth-0.19%
Growth
Sales growth (latest year)-64.56%
Sales CAGR, 3 years-57.85%
Sales CAGR, 5 years-46.49%
Sales growth QoQ191.50%
Sales growth YoY (latest quarter)829.17%
Per share
EPS (TTM)Rs -44.76
EPS (latest year)Rs -39.29
EPS (latest quarter)Rs -11.98
EPS, 3-year averageRs -34.38
EPS, 5-year averageRs -32.75
Book value per shareRs -229.62
Sales per shareRs 0.27
Cash flow per shareRs 0.23
Free cash flow per shareRs 0.23
Efficiency
Asset turnover0.00x
Fixed asset turnover0.24x
Inventory turnover0.61x
Inventory days603 days
Debtor days10188 days
Debtors turnover0.04x
Creditor days9828 days
Cash conversion cycle10188 days
Working capital days-385367 days
Leverage
Total debtRs 13,152 Cr
Cash and bankRs 100 Cr
Net debtRs 13,052 Cr
Debt to equity-0.73x
Interest coverage-0.01x
Owners' fund to total sources-279.63%
Debt to assets204.57%
Cash flow
Cash from Operating Activity (latest year)Rs 18 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs 10 Cr
Free cash flow (latest year)Rs 18 Cr
FCFE (approx.: FCF + change in debt)Rs 1,492 Cr
Sales to cash flow1.21x
Statement figures
Net sales (TTM)Rs 21 Cr
Net sales (latest year)Rs 21 Cr
Sales (latest quarter)Rs 4 Cr
Operating profit excl. other income (latest year)Rs -40 Cr
Operating profit (latest quarter)Rs -7 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs -22 Cr
PBDT (TTM)Rs -3,498 Cr
Profit before tax (TTM)Rs -3,503 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs -3,504 Cr
Net profit (latest year)Rs -3,076 Cr
Net profit (latest quarter)Rs -938 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3,476 Cr
Cost of goods sold (latest year)Rs 31 Cr
Total expenditure (latest year)Rs 62 Cr
Total income (latest year)Rs 56 Cr
Share capitalRs 157 Cr
ReservesRs -18,134 Cr
Shareholders' fundsRs -17,977 Cr
Total assetsRs 6,429 Cr
Net blockRs 90 Cr
InvestmentsRs 1,834 Cr
ReceivablesRs 599 Cr
InventoryRs 52 Cr
Other liabilitiesRs 11,254 Cr
Shares outstanding (crore)78.29
Ownership
Promoter holding5.37% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodIVRCLINFRANifty 50Difference
1 week+0.0%-2.8% +2.8 pts
1 month-20.0%-6.8% -13.2 pts
3 months-50.0%-7.6% -42.4 pts
6 months-52.9%+0.4% -53.3 pts
1 year-70.4%-9.9% -60.5 pts
2 years-91.9%-13.6% -78.4 pts
3 years-91.7%+14.2% -105.8 pts
5 years-97.8%+27.9% -125.7 pts

Red flags

F-score 3 of 8
seriousNegative equity Shareholders' equity is negative
explainReceivables outrunning sales Receivables grew -5% vs sales -65% in 2025
lookInventory outrunning sales Inventory grew -1% vs sales -65% in 2025
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2025
Sales ₹4 Cr. Net loss ₹938 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2023-12-26Annual General Meeting
2022-12-28Annual General Meeting
2021-12-24 Annual General Meeting
2020-12-24 Annual General Meeting
2019-11-25 Annual General Meeting
2018-09-21 Annual General Meeting
2017-09-22 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-21 Annual General Meeting
2014-09-19Annual General Meeting
2013-09-18Annual General Meeting
2012-12-17Annual General Meeting
2011-09-15Annual General Meeting And Dividend Re.0.60 Per Share
2010-09-08Annual General Meeting And Dividend Re.0.80 Per Share
2010-03-18Bonus 1:10.5000
2009-09-01Agm/Div-Rs.1.40 Per Share
2008-09-09Agm/Dividend - 70%
2007-08-31Agm/Div-Re.1/- Per Sh
2006-09-22Agm/Dividend-50%
2006-03-29Inferred from price: close fell to 0.200x overnight, no NSE action on record0.2000
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of IVRCL Ltd?

IVRCL Ltd (IVRCLINFRA) has a market capitalisation of Rs 31.3 Cr. at the 2019-08-30 close.

What were IVRCL Ltd's latest quarterly results?

In the Dec 2025 quarter, IVRCL Ltd sales was Rs 4 Cr with a net loss of Rs 938 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03