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Indian Railway Catering and Tourism Corporation Ltd

₹ 671-0.64%
06 Jan – close price
🔗irctc.com•BSE: 542830•NSE: IRCTC
Market Cap₹ 53,696 Cr.
Current Price₹ 671
High / Low₹ 838
Stock P/E40.2
Book Value₹ 53.2
Dividend Yield1.19 %
ROCE49.0 %
ROE37.2 %
Face Value₹ 2.00
Sales₹ 4,799 Cr.
OPM33.4 %
Mar Cap₹ 53,696 Cr.

ABOUT

Incorporated in 1999, IRCTC is a Navratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking waterat railway stations and trains in India[1]

KEY POINTS

OverviewIRCTC is a 'Mini Ratna (Category-I)' Central Public Sector Enterprise under the Ministry of Railways, GOI, engaged in hospitality, travel, and tourism. In July 2024, it became a Scheduled ‘A’ Public Sector Undertaking of the Government of India.[1][2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.I R C T C671.2040.1553696.001.19341.869.691145.997.7149.034798.8633.421337.24337.6412.6019.870.02
2.TBO Tek1616.4078.9417552.130.0067.5512.41567.5125.9226.681947.1114.49222.3667.5512.663.870.52
3.BLS Internat.312.8521.4012881.310.32185.7026.77736.6348.8133.622652.8228.24602.04175.236.0524.220.19
4.Le Travenues234.95213.5210280.920.00-3.47-125.44282.7436.9412.621123.115.2548.15-3.1813.396.850.04
5.Thomas Cook (I)143.8327.986765.480.3170.75-21.452073.843.5018.698511.675.27241.7850.972.863.910.22
6.Yatra Online170.4948.192675.260.0014.2895.62350.8748.425.341014.917.6555.5114.283.292.880.07
7.Easy Trip Plann.7.2848.972647.630.00-36.04-85.52118.34-18.2020.89522.1812.4254.073.753.0610.700.04
–Median: 11 Co.234.9540.152675.260.06.39-14.0282.7412.2524.071014.9114.4954.076.393.176.850.06

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
9181,1181,2251,0021,1181,1609651,1551,2698069921,0641,146
Expenses
592724808659743762640792883501626691742
Operating Profit
326394417343375397325363385305367373404
Other Income
323156-135461654110726476069
Profit before tax
343406457312412442375382472307395417457
Tax %
25%26%25%26%25%25%26%26%24%26%25%26%25%
Net Profit
256300341232308330279284358226295308342
EPS in Rs
3.193.754.272.903.854.133.483.554.472.833.683.854.27

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,0591,3671,5201,4661,8702,2647771,8793,5414,2604,6754,799
Expenses
9071,1761,2061,1921,4871,5625891,0052,2652,7943,1243,195
Operating Profit
1521903142743837031888741,2761,4661,5511,604
Other Income
8213967991267712472148106276293
Interest
003321081116191720
Depreciation
202122242940464954575349
Profit before tax
2143093553464797302588851,3541,4961,7571,827
Net Profit
1311892292213095131876601,0061,1111,3151,371
EPS in Rs
13.0618.8611.4511.033.866.412.348.2412.5713.8916.4317.14
Dividend Payout %
20%40%49%21%98%39%43%42%44%47%49%–

Compounded Profit Growth

10 Years:26%
5 Years:20%
3 Years:25%
TTM:11%

Compounded Sales Growth

10 Years:16%
5 Years:16%
3 Years:36%
TTM:8%

Return on Equity

10 Years:36%
5 Years:37%
3 Years:40%
Last Year:37%

Stock Price CAGR

10 Years:%
5 Years:18%
3 Years:2%
1 Year:-13%

Balance Sheet

Standalone figures in ₹ crores

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
20204040160160160160160160160160
Reserves
4245227479159111,1541,2961,7102,3183,0703,5034,100
Borrowings
0000007910584609078
Other Liabilities
7188951,0401,3651,5231,9281,6181,9092,5262,8013,0463,292
Total Liabilities
1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,631
Fixed Assets
155159170190182285311335351343813821
Gross Block
276.84298.32337.61364.24384.26521.33594.04620.74689.29737.141,230.70–
Accumulated Depreciation
121.52139.70167.22174.42202.00236.64282.69285.32338.36394.38417.29–
CWIP
16141784016242634443277
Investments
00000000002525
Other Assets
9901,2641,6392,1222,3722,9412,8183,5224,7045,3065,9346,777
Total Assets
1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,631

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
6928833824499409248524812882834
Cash from Investing Activity
-4679440-3538-453-242-317-215-239
Cash from Financing Activity
-17-31-136-57-179-280-47-258-434-404-910
Net Cash Flow
62632967-33137-2522361262-316

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
514370137115125245111118118135
Inventory Days
1513111123265027181615
Days Payable
62802372185684514,4922,3911,5951,4831,371
Cash Conversion Cycle
4-24-157-70-430-300-4,197-2,252-1,459-1,349-1,221
Working Capital Days
-20-51-35-10-65-35-137-2932056
ROCE %
–63%54%40%44%62%16%51%59%54%49%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%
FIIs
6.84%6.53%6.99%7.11%7.34%8.08%7.78%7.54%7.45%7.37%7.28%7.27%
DIIs
8.73%10.06%9.92%10.53%11.98%12.72%13.74%13.92%13.73%13.89%14.16%14.18%
Public
22.03%21.01%20.68%19.97%18.28%16.79%16.06%16.14%16.43%16.35%16.17%16.16%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

IRCTC: Two Independent Directors complete tenure, cease roles from April 14, 2026

15th April 2026, 1:25 am

IRCTC Senior Management Personnel Cessation: Vinay Kumar Pathak Repatriated

14th April 2026, 12:32 am

IRCTC Submits SEBI Compliance Certificate for March 2026 Quarter

6th April 2026, 10:35 pm

IRCTC Announces Cessation of Senior Management Personnel

30th March 2026, 11:53 pm

IRCTC Receives Income Tax Demand Notice of ₹81.65 Lakhs, Plans to Contest

27th March 2026, 11:44 pm

Published by Other Websites

External media mentions & references

Mutual Funds Bought Big in March 2026, But Fund Values Plummeted

15th April 2026, 9:02 pm

₹1.53 Lakh Crore Railway Investment Fuels PSU Surge, Lifts Steel & Cement

13th April 2026, 12:52 pm

India's Travel Boom: 4 Platform Stocks Poised to Ride the Surge

29th March 2026, 1:39 pm

Kerala High Court Urges IRCTC to Tackle Plastic Waste

28th March 2026, 4:15 pm

IRCTC Terminates Vande Bharat Caterer Over Substandard Amul Curd

27th March 2026, 4:01 pm

News Articles

Editorial & research coverage

Corporate Action Surge: 50+ Firms Eye Shareholder Payouts Amid Market Wobble
Corporate Action Surge: 50+ Firms Eye Shareholder Payouts Amid Market Wobble

13th February 2026, 1:31 pm

AI Fears Trigger IT Sell-off Amidst Mixed Q3 Earnings
AI Fears Trigger IT Sell-off Amidst Mixed Q3 Earnings

13th February 2026, 8:51 am

India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift
India's Q3 Earnings Climax: Sectoral Divergence Signals Market Shift

13th February 2026, 8:17 am

IRCTC Profit Climbs Amid Margin Squeeze, Stock Stumbles
IRCTC Profit Climbs Amid Margin Squeeze, Stock Stumbles

12th February 2026, 9:13 pm

Q3 Earnings Surge, MSCI Rejig Fuel Indian Markets; Risks Remain
Q3 Earnings Surge, MSCI Rejig Fuel Indian Markets; Risks Remain

11th February 2026, 8:28 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

10h - Certificate under SEBI Reg 74(5) for quarter ended Dec 31, 2025; RTA Alankit confirmation of dematerialization.

Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.

31 Dec - Assistant Commissioner CGST issued ₹3.05 lakh DRC-07 Order dated 30.12.2025 for FY2018-19.

Announcement under Regulation 30 (LODR)-Change in Management

26 Dec - IRCTC's Manoj Kumar Singh repatriated; Sandip Trivedi given additional charge as Group GM East Zone from 26 Dec 2025.

Closure of Trading Window

22 Dec - Trading window closed Jan 1, 2026 until 48 hours after Q3/9M Dec 31, 2025 results.

Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015.

30 Nov 2025 - BSE/NSE fined IRCTC ₹5,42,800 each for non-compliant board (quarter ended Sep 30, 2025); company appealed.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Credit Ratings

No credit ratings.

Concalls

Nov 2025

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Stock Analysis

Description

  1. Incorporated in 1999, IRCTC is a Navratna (Category 1, Central Public Sector Enterprises) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India. It is engaged in hospitality, travel, and tourism.

Key Growth Triggers

  1. Foray into the digital payments sector through its subsidiary IRCTC Payments Limited, aiming for new revenue streams and business diversification.
  2. Introduction of a unified travel portal to offer a comprehensive travel experience.
  3. Potential for revenue growth from revised pricing strategies for products like Rail Neer.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Fines levied by stock exchanges (BSE/NSE) for non-compliance with SEBI LODR Regulations regarding board composition, including the recurring issue of not appointing a woman director, which is considered beyond the company's direct control.
  2. Ongoing legal disputes and contingent liabilities related to license fees and arbitration awards.
  3. A GST demand notice received for FY 2018-19, which the company plans to contest.
  4. Promoter holding has decreased over the last 3 years.

Key Dates To Watch

  1. Cessation of Part-time Government Director: January 16, 2026.
  2. AGM scheduled for August 30, 2025.
  3. Record date for FY2024-25 dividend (August 22/23, 2025).
  4. Q1 FY26 earnings conference call on August 14, 2025.
  5. Board meeting for Q2/H1 FY26 results and interim dividend on November 12, 2025.
  6. Record date for interim dividend on November 21, 2025.

Corporate Announcements

14th Apr 26
Impact Rating: 6
IRCTC announced Independent Directors Shri Namgyal Wangchuk (DIN: 09397676) and Shri Sanjay Gaur (DIN: 09399463) completed their term and will cease roles effective April 14, 2026.
13th Apr 26
Impact Rating: 5
Indian Railway Catering and Tourism Corporation (IRCTC) announced that Sh. Vinay Kumar Pathak, Group General Manager/IRCTC/CO, ceases to be Senior Management Personnel effective April 13, 2026, due to repatriation at his own request.
6th Apr 26
Impact Rating: 3
IRCTC received a certificate from its Registrar and Transfer Agent, Alankit Assignments Ltd., confirming compliance with SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.
30th Mar 26
Impact Rating: 5
Effective March 30, 2026, Sh. Sudeesh V C (IRTS) has ceased to be Senior Management Personnel at IRCTC, having been repatriated to his parent cadre.
27th Mar 26
Impact Rating: 7
IRCTC received a ₹81.65 lakh (₹0.82 cr) demand notice from the Income Tax Department for AY 2024-25. The notice, received on March 26, 2026, is considered litigative by the company, which plans to contest it.