IRCON InternationalNSE:IRCON -1.11%82 Gross Margin % is 11.17% as of Mar. 2026, which is 2% below its 10-year median of 11.40. GuruFocus rates NSE:IRCON with a GF Score™ of 82/100 and a GF Value™ of ₹154.81 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,724 Construction companies, IRCON International ranks worse than 73.72% on this metric.
The historical rank and industry rank for IRCON International's Gross Margin % or its related term are showing as below:
NSE:IRCON'
s Gross Margin % Range Over the Past 10 Years
Min: -0.53 Med: 11.4 Max: 93.75
Current: 12.17
During the past 13 years, the highestGross Margin % of IRCON International was 93.75%. The lowest was -0.53%. And the median was 11.40%.
NSE:IRCON's Gross Margin % is ranked worse than 73.72% of 1724
companies
in the Construction industry
Industry Median: 20.705
vs NSE:IRCON: 12.17
IRCON International had a gross margin of 11.17% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for IRCON International was 2.10% per year.
IRCON International (NSE:IRCON) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
IRCON International had a gross margin of 11.17% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
IRCON International Gross Margin % Related Terms
IRCON International Gross Margin % Historical Data
* Premium members only.
The historical data trend for IRCON International's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:IRCON vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, IRCON International's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IRCON International Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, IRCON International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IRCON International's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
IRCON International (NSE:IRCON) has a Gross Margin % of 11.17% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on IRCON International and its competitors. This is near median its historical median of 11.40. According to the industry distribution chart, IRCON International ranks #1271 out of 1724 companies in the Construction industry, placing it in the top 73.7%.
Is IRCON International's Gross Margin % too high?
IRCON International's current Gross Margin % of 11.17% is near median its 10-year median of 11.40. The Construction industry median Gross Margin % is 20.71. IRCON International's value of 11.17% is 46.1% below this industry median. Based on the distribution chart, IRCON International ranks #1271 out of 1724 companies in the Construction industry, which is below the industry midpoint. Overall, IRCON International has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IRCON International's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, IRCON International ranks #1271 out of 1724 companies for Gross Margin %. This places IRCON International in the lower half of its industry. The industry median Gross Margin % is 20.71. IRCON International's value of 11.17% is 46.1% below this benchmark. While the company's 10-year median is 11.40 vs. the industry median of 20.71, IRCON International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.71, based on 1,724 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IRCON International's current Gross Margin % of 11.17% is 46.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on IRCON International and its competitors. For the Construction industry, the median Gross Margin % is 20.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRCON International's current Gross Margin % is 11.17%, which is near median its own 10-year median of 11.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRCON International stock overvalued right now?
Based on GuruFocus' analysis, IRCON International (NSE:IRCON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹154.81, compared to a current price of ₹134.16 — trading 13.3% below its estimated fair value. The current Gross Margin % is 11.17%, which is near median its 10-year median of 11.40 and 46.1% below the Construction industry median of 20.71. IRCON International's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For IRCON International (NSE:IRCON), the current Gross Margin % is 11.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IRCON International (NSE:IRCON) Overvalued in 2026?
Based on GuruFocus' analysis, IRCON International stock appears to be undervalued.
The current stock price of ₹134.16 is trading 13.3% below its estimated GF Value™ of ₹154.81.
GuruFocus considers IRCON International to be Modestly Undervalued.
Key valuation signals for NSE:IRCON:
Gross Margin %: 11.17% (near median its 10-year median of 11.40)
GF Value™: ₹154.81 vs. price of ₹134.16 (13.3% below fair value)
Industry Position: 46.1% below the Construction median (#1271 of 1724)
No single metric tells the full story. See the NSE:IRCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRCON International Ltd is an India-based integrated engineering and construction company having expertise in infrastructure sectors, including railways, highways, bridges, flyovers, tunnels, metro, railway electrification, EHV sub-stations, electrical and mechanical works, commercial and residential buildings, railway production units, and others. It offers Engineering Procurement and Construction (EPC) services on a lump sum, turnkey, EPC, and item-rate basis for various infrastructure projects. Its geographic segments are International and Domestic, in which it derives a majority of its revenue from India.
82GF Score
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