IRCON stocks, I bought 10

IRCON, which stands for Indian Railway Construction Company, is a public sector company that specializes in the construction and maintenance of railway infrastructure in India. As a stock, IRCON can be considered a potential long-term investment, but it's important to understand the company's financials and future prospects before making any investment decisions.

In the last 2 years:

• IRCON's financial performance has been relatively stable, with steady revenue growth and consistent profitability.
• In the financial year 2021-22, the company reported a revenue of around ₹5,500 crores, with a net profit of approximately ₹450 crores.
• In the financial year 2022-23, the company's revenue is expected to be in the range of ₹5,800 to ₹6,000 crores, with a net profit of around ₹500 crores.

Future projection (next 2 years):

• IRCON's order book stands at around ₹35,000 crores, which provides good revenue visibility for the next 2-3 years.
• The company is expected to benefit from the government's increased focus on infrastructure development, particularly in the railway sector, which is a core business area for IRCON.
• The company's profitability is also expected to improve, driven by better operational efficiency and cost optimization measures.
• However, it's important to note that the company's performance can be influenced by factors such as project delays, changes in government policies, and competition from other infrastructure companies.

In summary, IRCON can be considered a potential long-term investment, given its strong order book, government support, and consistent financial performance. However, as with any stock investment, it's crucial to do your own research, analyze the company's financials and industry trends, and consult with a financial advisor before making any investment decisions.