IVRCL share price

BSE: 530773Construction

IVRCL LTD · Formerly IVRCL Infrastructures & Projects · Face value ₹2 · Listed Jul 1995

Trading suspended since 3 Sep 2019

Last traded ₹0.40 on 30 Aug 2019

Latest announcements

Routine notices left out.

Mar 2026
- 11 Mar · Legal
  Exchange has sought clarification from IVRCL Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI. The response of the Company is awaited.
Feb 2026
- 16 Feb · Results
  Financial results for the period ended December 31, 2025.
- 16 Feb · Results
  Quarterly financial Results Dec-25
- 9 Feb · Board meeting
  To consider and approve the financial results for the period ended December 31, 2025
- 9 Feb · Board meeting
  Meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve Financial Results for December 2025
Jan 2026
- 2 Jan · Updates
  Voting Results - Scrutinizer Report

Q3 results, quarter to Dec 2025

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue: ₹4.46 Cr+832.4% on a year ago · +191.7% on the quarter before
Operating profit: −₹6.70 Cr
Net profit: −₹938 Cr
Earnings per share: −₹11.98
Operating margin: −150.2%
Net margin: −21,031.1%

From revenue to net profit, ₹ crore

Revenue4.5
Materials and goods−4.5
Employee costs−4.9
Other expenses−1.7
Operating profit−6.7
Depreciation−0.8
Other income+1.7
Finance costs−932
Profit before tax−938
Tax−0.4
Net profit−938

IVRCL results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2025. Results for the quarter to Mar 2026 were due by 30 May 2026, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹26 Cr, quarter to Jun 2023; lowest ₹0.48 Cr, quarter to Dec 2024A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Mar 2021	Jun 2021Q1	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3
Revenue from operations	199	52	53	53	128	9	8	34	23	26	14	16	5	6	7	0	8	7	2	4
	192	64	55	59	149	18	19	45	64	36	20	43	43	21	14	10	17	14	10	11
Materials and goods bought	168	52	43	47	125	7	6	34	23	25	12	35	10	13	7	2	8	7	3	5
Employee costs	8	9	9	8	7	8	8	7	7	7	6	6	7	6	5	5	5	5	5	5
Other expenses	16	3	4	4	17	4	5	3	34	4	2	3	27	2	2	2	3	1	2	2
Operating profit before depreciation	7	−12	−3	−6	−21	−10	−10	−11	−42	−10	−6	−28	−38	−15	−7	−9	−9	−6	−8	−7
Operating margin	3.4%	−22.3%	−4.8%	−11.1%	−16.1%	−106.1%	−119.4%	−33.8%	−182.3%	−38.3%	−45.9%	−175.7%	−738.8%	−236.3%	−109.5%	−1,976.1%	−111.3%	−88.5%	−538.7%	−150.2%
Depreciation and amortisation	5	5	5	4	4	4	3	3	3	2	2	2	2	1	1	1	2	1	1	1
Other income	9	3	2	1	5	2	2	8	3	3	5	2	9	9	22	2	2	2	2	2
Finance costs	426	449	469	488	498	527	553	571	580	612	646	672	694	716	756	789	803	846	895	932
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	−416	−463	−474	−497	−518	−539	−564	−577	−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	0	0	0	0	0	0	0	0
Share of profit of joint ventures and associates	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	–
Net profit	−416	−463	−474	−497	−518	−539	−564	−577	−623	−622	−649	−700	−726	−724	−743	−798	−811	−852	−903	−938
Other comprehensive income	−4	−1	−1	−1	4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total comprehensive income	−420	−464	−475	−498	−515	−539	−564	−577	−623	−622	−649	−700	−726	−724	−743	−798	−811	−852	−903	−938
Net margin	−209.1%	−883.6%	−897.9%	−931.1%	−405.2%	−6,012.3%	−6,660.9%	−1,709.6%	−2,727.2%	−2,388.2%	−4,783.1%	−4,445.5%	−14,025.1%	−11,660.9%	−10,960.5%	−1,66,882.6%	−10,161.9%	−11,727.1%	−59,045.9%	−21,031.1%
Net margin without joint ventures and associates	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	−10,161.7%	−11,727.1%	−59,045.8%	–
Earnings per share	−₹5.37	−₹5.93	−₹6.07	−₹6.36	−₹6.58	−₹6.88	−₹7.21	−₹7.37	−₹7.96	−₹7.94	−₹8.29	−₹8.94	−₹9.27	−₹9.24	−₹9.49	−₹10.20	−₹10.36	−₹10.88	−₹11.53	−₹11.98

Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹2,015 Cr, year to Mar 2017; lowest ₹21 Cr, year to Mar 2025A loss in 9 of the 9 years with results on record

Operating and net margin, per cent

Results for the year to Mar 2025

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue21
Materials and goods−31
Employee costs−21
Other expenses−9.2
Operating profit−40
Depreciation−5.3
Other income+35
One-off items0.0
Finance costs−3,064
Profit before tax−3,075
Tax−1.5
Joint ventures0.0
Net profit−3,076

What the company owns

Plant, investments and other assets₹5,679 Cr
Receivables₹599 Cr
Cash and bank₹100 Cr
Inventory₹52 Cr

What pays for it: net worth and liabilities

Borrowings₹13,152 Cr
Owed to suppliers₹1,322 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016. The last column is the twelve months to Dec 2025, the latest four quarters added.

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025Twelve months
Revenue from operations	2,015	1,413	729	489	312	287	74	61	21	21
	2,388	1,941	855	1,019	1,476	327	147	143	62	51
Materials and goods bought	270	1,658	704	506	280	266	70	82	31	23
Employee costs	–	101	69	47	40	33	30	26	21	20
Other expenses	–	183	82	465	1,156	28	46	35	9	8
Operating profit before depreciation	−372	−528	−126	−529	−1,164	−41	−73	−82	−40	−30
Operating margin	−18.5%	−37.4%	−17.3%	−108.2%	−372.7%	−14.2%	−98.1%	−135.6%	−188.5%	−142.4%
Materials, % of revenue	–	117.3%	96.6%	103.4%	89.5%	93.0%	95.1%	135.6%	145.9%	107.7%
Employee costs, % of revenue	–	7.2%	9.5%	9.7%	12.9%	11.6%	40.5%	42.6%	99.5%	95.5%
Other expenses, % of revenue	–	12.9%	11.2%	95.2%	370.3%	9.7%	62.6%	57.5%	43.1%	39.1%
Depreciation and amortisation	72	65	48	33	24	18	13	8	5	5
Operating profit after depreciation	−444	−593	−174	−563	−1,188	−59	−86	−90	−46	−35
Other income	39	87	23	15	15	12	14	20	35	8
Finance costs	685	1,014	1,219	1,397	1,618	1,904	2,230	2,625	3,064	3,476
Profit before one-off items and tax	−1,090	−1,520	−1,371	−1,944	−2,791	−1,951	−2,302	−2,695	−3,075	−3,503
One-off items	–	−475	−173	−53	0	0	0	0	0	0
Profit before tax	−1,090	−1,995	−1,544	−1,997	−2,791	−1,951	−2,302	−2,695	−3,075	−3,503
	−961	−4	1	2	2	2	2	2	2	2
Deferred tax	–	−4	1	2	2	2	2	2	2	2
Share of profit of joint ventures and associates	–	–	–	–	–	–	–	–	0	0
Net profit	−130	−1,991	−1,545	−1,999	−2,792	−1,953	−2,304	−2,696	−3,076	−3,504
Other comprehensive income	–	0	0	1	−3	1	1	0	0	0
Total comprehensive income	–	−1,991	−1,545	−1,997	−2,795	−1,952	−2,303	−2,696	−3,076	−3,504
Net margin	−6.4%	−140.9%	−211.9%	−408.7%	−894.0%	−681.5%	−3,111.0%	−4,455.2%	−14,343.2%	−16,498.0%
Net margin without joint ventures and associates	–	–	–	–	–	–	–	–	−14,343.1%	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2025, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025Half year
	−1,604	−3,149	−5,145	−7,956	−9,903	−12,207	−14,902	−17,977	−19,732
Share capital	157	157	157	157	157	157	157	157	157
Reserves	−1,761	−3,306	−5,302	−8,112	−10,060	−12,363	−15,058	−18,134	−19,888
Borrowings	6,218	7,058	7,756	8,491	9,460	10,443	11,678	13,152	14,002
	9,994	11,382	12,945	14,469	16,480	18,727	21,351	24,403	26,141
Trade payables	1,293	1,320	1,398	1,321	1,391	1,328	1,335	1,322	1,319
Other financial liabilities	1,728	2,315	3,093	3,968	4,941	6,284	7,669	9,260	10,150
Other liabilities	615	551	561	552	550	538	535	535	536
Provisions	140	138	136	136	138	135	134	134	134
Liabilities due after a year	5	4	4	4	1	3	3	3	3
Total assets	8,396	8,237	7,804	6,517	6,577	6,524	6,453	6,429	6,413
	4,568	4,754	4,504	4,436	4,569	4,650	4,579	4,574	4,576
Plant in use, after depreciation	210	162	130	106	93	81	73	68	–
Property held to earn rent	25	24	24	23	23	22	22	21	21
Investments	1,832	1,833	1,835	1,834	1,834	1,834	1,834	1,834	1,830
Loans given	54	58	62	67	71	75	80	84	86
Other financial assets	930	1,028	1,054	1,054	1,148	1,254	1,217	1,218	1,225
Deferred tax	977	975	973	973	971	969	967	966	965
Trade receivables	294	443	188	181	225	209	184	184	184
Other assets	247	230	240	198	204	205	202	198	198
	3,828	3,483	3,299	2,082	2,009	1,874	1,874	1,855	1,837
Inventories	67	53	52	51	51	52	52	52	52
Trade receivables	1,193	1,001	795	781	701	631	632	599	597
Cash and cash equivalents	157	87	93	89	89	34	39	50	44
Other bank balances	26	22	47	47	48	48	47	50	38
Loans given	558	558	558	558	558	558	558	558	558
Other financial assets	220	243	245	205	210	202	196	198	198
Tax paid in advance	0	36	36	350	0	0	0	0	0
Other assets	1,609	1,484	1,475	0	352	350	349	350	350
Net debt	6,035	6,949	7,616	8,354	9,323	10,360	11,591	13,052	13,920

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the year to Mar 2017, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2025, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025Half year
	−28	20	90	3	18	−31
	−110	26	91	6	18	−27
	1,051	56	151	71	36	−15
Receivables	9	29	31	38	49	−5
Inventories	1	0	−1	0	0	0
Payables	−52	70	−8	7	−17	−8
Other working capital	1,094	−43	129	26	4	−2
Tax paid	82	−6	−1	−2	−1	−4
Capital spending	0	0	0	0	0	0
Free cash flow	−28	20	89	3	18	−31
	24	−20	2	2	−7	25
Companies bought	0	0	0	0	−5	−2
Interest received	13	2	0	4	0	12
Cash from financing	0	0	−147	0	0	0
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−4	0	−55	5	10	−6

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings per share	−₹1.65	−₹25.43	−₹19.74	−₹25.51	−₹35.70	−₹24.93	−₹29.41	−₹34.44	−₹39.29
Diluted earnings per share	−₹1.65	−₹25.43	–	−₹25.51	−₹35.70	–	–	–	–
Book value per share	–	−₹20.49	−₹40.23	−₹65.72	−₹101.62	−₹126.49	−₹155.92	−₹190.34	−₹229.62
Market cap at the year end (₹ crore)	–	235	63	–	–	–	–	–	–

Ratios

Standalone, years to March.

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue growth	−29.9%	−48.4%	−32.9%	−36.1%	−8.3%	−74.2%	−18.3%	−64.6%
	124.1%	65.0%	48.2%	42.6%	21.9%	20.8%	19.9%	18.7%
	–	−59.1 pts	−16.8 pts	−5.6 pts	−20.8 pts	−1.0 pts	−0.9 pts	−1.2 pts
From the net margin	–	62.6 pts	60.4 pts	57.2 pts	−10.1 pts	78.0 pts	9.0 pts	44.1 pts
From asset turnover	–	−89.5 pts	−38.2 pts	−30.0 pts	0.1 pts	−74.0 pts	−5.2 pts	−41.2 pts
From borrowing	–	−32.2 pts	−39.0 pts	−32.8 pts	−10.7 pts	−4.9 pts	−4.7 pts	−4.2 pts
Return on capital employed	−12.8%	−4.5%	−21.6%	−222.2%	–	–	–	–
Receivable days	308	501	593	913	892	3,109	3,809	10,190
Inventory days	15	27	38	67	70	270	232	603
Payable days	285	684	1,009	1,725	1,906	6,888	5,940	15,425
Cash conversion cycle, days	38	−156	−378	−744	−944	−3,510	−1,899	−4,632
Working capital days	−34	−476	−1,515	−4,713	−6,559	−32,008	−47,568	−1,61,598
Asset turnover	0.17	0.09	0.06	0.04	0.04	0.01	0.01	0.00
Assets per rupee of net worth	−5.23	−3.50	−1.93	−1.09	−0.73	−0.59	−0.48	−0.39
Sales per rupee of plant	6.73	4.49	3.78	2.95	3.07	0.92	0.83	0.31
Capital spending to depreciation	–	–	–	0.00	0.00	0.00	0.00	0.00
Plant being built, % of plant in use	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024 and Mar 2025: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024 and Mar 2025: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2022, Mar 2023, Mar 2024 and Mar 2025: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the year to Mar 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2025.

Return on assets, latest year: −47.8%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−39.2%	−46.5%	−57.9%
Return on equity, average	–	24.8%	19.8%
Operating margin, average	−110.1%	−161.8%	−140.8%
Net margin, average	−2,694.7%	−4,697.0%	−7,303.1%
Asset turnover, average	–	0.02	0.01
Cash conversion cycle, days, average	–	−2,346	−3,347

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2025.

₹ crore	5 years	3 years	Latest year
Cash from operations	103	111	18
Cash from investing	0	−3	−7
Cash from financing	−147	−147	0
Capital spending	0	0	0
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	0	0	0
Borrowings repaid	147	147	0

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Piotroski score, out of 9Published threshold 3 points out of 9	–	3	5	3	3	3
Beneish M-scorePublished threshold −1.78	–	−5.47	−3.56	−3.02	−4.99	−3.96
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	−38.93	−29.82	−36.57	−41.63	−47.92
Receivables growth less revenue growthOur threshold 0 percentage points	12.36	34.45	−2.08	64.17	18.42	59.37
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	26.43	43.31	4.72	74.94	−16.25	60.93
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	−1.53	−384.18	2.48	−14.34	−10.00	10.32
Assets under construction, years of additionsOur threshold 2 years of additions	0.00	0.00	0.00	0.00	0.00	0.00

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
27 Mar 2026	India Ratings and Research Private Limited	Non-convertible debenturesLong-term scale	IND D(ISSUER NOT COOPERATING)Maintained in non-cooperating category		200
27 Mar 2026	India Ratings and Research Private Limited	Bank loan facilitiesLong and short-term scales	IND D(NCO)Maintained in non-cooperating category		8,476

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.

Business segments

In the year to Mar 2025 the company reports one business segment, CONSTRUCTION, which carries all its revenue.

Who owns IVRCL, filing by filing

Per cent of the company's shares. Every filing on record, from Dec 2021; the latest is the filing for Mar 2025.

Mar 2025 filing

Promoters5.37%
Foreign institutions1.55%
Indian institutions44.19%
Individuals and others48.89%

Shareholding pattern, per cent, from Dec 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2021	Dec 2022	Mar 2023	Dec 2023	Sep 2024	Mar 2025
	5.37%	5.37%	5.37%	5.37%	5.37%	5.37%
Indian promoters	5.37%	5.37%	5.37%	5.37%	5.37%	5.37%
	94.63%	94.63%	94.63%	94.63%	94.63%	94.63%
	–	1.55%	1.55%	1.55%	1.55%	1.55%
Foreign portfolio investors, category I	–	0.68%	0.68%	0.68%	0.68%	0.68%
Other foreign institutions	–	0.87%	0.87%	0.87%	0.87%	0.87%
	–	44.19%	44.19%	44.19%	44.19%	44.19%
Insurance companies	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
Banks	–	44.11%	44.11%	44.11%	44.11%	44.11%
Non-bank lenders registered with RBI	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	48.89%	48.89%	48.89%	48.89%	48.89%
Resident individuals, up to ₹2 lakh at face value	–	27.42%	27.41%	27.40%	27.35%	27.33%
Resident individuals, over ₹2 lakh at face value	–	12.89%	12.93%	13.00%	13.01%	13.03%
Companies	–	5.37%	5.36%	5.34%	5.34%	5.34%
Non-resident Indians	–	1.74%	1.73%	1.66%	1.70%	1.70%
Foreign nationals	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	0.08%	0.08%	0.08%	0.08%	0.08%
	–	1.38%	1.38%	1.40%	1.40%	1.40%
Bodies Corporate	–	Under 0.01%	Under 0.01%	–	–	–
Clearing Members	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Trusts	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	1.38%	1.38%	1.40%	1.40%	1.40%
Promoter shares pledgedShare of the promoters' own shares	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%
Shares in issue	78,28,97,692	78,28,97,692	78,28,97,692	78,28,97,692	78,28,97,692	78,28,97,692

Filings before Dec 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of IVRCL shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2021	Dec 2022	Mar 2023	Dec 2023	Sep 2024	Mar 2025
All shareholders	1,63,542	1,63,136	1,63,069	1,62,894	1,62,716	1,62,648
	15	15	15	15	15	15
Indian promoters	15	15	15	15	15	15
	1,63,527	1,63,121	1,63,054	1,62,879	1,62,701	1,62,633
	–	6	6	6	6	6
Foreign portfolio investors, category I	–	4	4	4	4	4
Other foreign institutions	–	2	2	2	2	2
	–	18	18	18	18	18
Insurance companies	2	2	2	2	2	2
Banks	–	15	15	15	15	15
Non-bank lenders registered with RBI	–	1	1	1	1	1
	–	1,63,097	1,63,030	1,62,855	1,62,677	1,62,609
Resident individuals, up to ₹2 lakh at face value	–	1,56,312	1,56,238	1,56,016	1,55,782	1,55,647
Resident individuals, over ₹2 lakh at face value	–	281	283	283	282	283
Companies	–	706	705	702	693	690
Non-resident Indians	–	1,913	1,934	1,997	2,081	2,161
Foreign nationals	–	1	1	1	1	1
Investor education fund	–	1	1	1	1	1
	–	3,883	3,868	3,855	3,837	3,826
Bodies Corporate	–	1	1	–	–	–
Clearing Members	–	2	2	2	2	2
Trusts	–	4	4	4	4	4
Hindu undivided families	–	3,876	3,861	3,849	3,831	3,820

IVRCL promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Mar 2025; the largest is SUDHIR REDDY ERRAGAM, 1.93%.

Holder
SUDHIR REDDY ERRAGAMIndividuals and Hindu undivided families	1.93%	1,51,20,906	100.00%
SOMA HOTELS AND RESORTS LTDIndian companies, trusts and others	1.50%	1,17,28,750	100.00%
ERAGAM FINLEASE LIMITEDIndian companies, trusts and others	0.66%	51,85,884	100.00%
SUDHIR REDDY ERRAGAM [H U F]Individuals and Hindu undivided families	0.40%	31,47,000	100.00%
S.V.EQUITIES LIMITEDIndian companies, trusts and others	0.33%	26,21,390	100.00%
SUNIL REDDY ERAGAMIndividuals and Hindu undivided families	0.32%	25,11,010	100.00%
SUNIL REDDY [ HUF] ERAGAMIndividuals and Hindu undivided families	0.14%	10,78,700	100.00%
INDIRA ERAGAMIndividuals and Hindu undivided families	0.04%	2,90,360	100.00%
INDUS PALMS HOTELS & RESORTS LIMITEDIndian companies, trusts and others	0.03%	2,03,750	100.00%
PALLADIUM INFRASTRUCTURES & PROJECTS LTDIndian companies, trusts and others	0.01%	46,416	100.00%
E.SIDDHANTH REDDYIndividuals and Hindu undivided families	0.00%	30,000	100.00%
ERAGAM SANJEETH REDDYIndividuals and Hindu undivided families	0.00%	30,000	100.00%
ERAGAM SOMA REDDYIndividuals and Hindu undivided families	0.00%	10,000	100.00%
ERAGAM SUHA REDDYIndividuals and Hindu undivided families	0.00%	10,000	100.00%
SUJATHA REDDY ERAGAMIndividuals and Hindu undivided families	0.00%	18,000	100.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of IVRCL, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2021	Dec 2022	Mar 2023	Dec 2023	Sep 2024	Mar 2025
UNION BANK OF INDIABanks	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%
INDIAN OVERSEAS BANKBanks	7.99%	7.99%	7.99%	7.99%	7.99%	7.99%
ICICI BANK LTDBanks	7.98%	7.98%	7.98%	7.98%	7.98%	7.98%
CANARA BANK-MUMBAIBanks	7.08%	7.08%	7.08%	7.08%	7.08%	7.08%
STATE BANK OF INDIABanks	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%
TAMILNAD MERCANTILE BANK LIMITEDBanks	2.78%	2.78%	2.78%	2.78%	2.78%	2.78%
INTERNATIONAL ASSET RECONSTRUCTION CO PVT LTDCompanies	2.64%	2.64%	2.64%	2.64%	–	2.64%
RAMAKRISHNA REDDY CHINTAResident individuals, over ₹2 lakh at face value	1.73%	2.08%	2.08%	2.08%	2.08%	2.08%
INDUSIND BANK LIMITED TREASURY DEPTBanks	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%
SHRUTHI SHETTYResident individuals, over ₹2 lakh at face value	1.24%	1.24%	1.24%	1.24%	1.24%	1.24%

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Mar 2025 filing

Against the Sep 2024 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Individuals and others: INTERNATIONAL ASSET RECONSTRUCTION CO PVT LTD newly named at 2.64%

IVRCL dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2025.

Dividends by the month each went ex
Year	Aug	Sep	In the year
2011		₹0.60	₹0.60
2010		₹0.80	Not added up
2009		₹1.40	₹1.40
2008		₹1.40	₹1.40
2007	₹1.00		₹1.00

Interim or final dividendSpecial dividendNone that month

IVRCL dividend history

Every payment with its ex-date and record date, year by year.

2011

Sep15Thu
₹0.60Final
Ex-date 15 Sep 2011 · books closed to 26 Sep 2011
1.41%of the price

2010

Sep8Wed
₹0.80Final
Ex-date 8 Sep 2010 · books closed to 18 Sep 2010
0.50%of the price

2009

Sep1Tue
₹1.40Final
Ex-date 1 Sep 2009 · books closed to 9 Sep 2009
0.39%of the price

2008

Sep9Tue
₹1.40Final
Ex-date 9 Sep 2008 · books closed to 15 Sep 2008
0.44%of the price

2007

Aug31Fri
₹1.00Final
Ex-date 31 Aug 2007 · books closed to 7 Sep 2007
0.27%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.