Indian Railway Catering & Tourism Corporation Ltd
Indian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna (Category-I) Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27 th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems.(Source : Company Web-Site)
- Market Cap ₹ 26,823 Cr.
- Current Price ₹ 1,676
- High / Low ₹ 1,995 / 775
- Stock P/E 130
- Book Value ₹ 83.5
- Dividend Yield 0.75 %
- ROCE 62.8 %
- ROE 44.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 32.30% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.62%
- Company has been maintaining a healthy dividend payout of 52.41%
Cons
- Stock is trading at 20.06 times its book value
- Promoter holding has decreased by -20.00% over last quarter
- Earnings include an other income of Rs.128.81 Cr.
Peer comparison
Sector: Railways Industry: Travel Agencies
Quarterly Results
Figures in Rs. Crores
Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|
435 | 498 | 459 | 513 | 716 | 587 | 131 | 89 | 224 | |
336 | 427 | 356 | 371 | 450 | 385 | 175 | 94 | 130 | |
Operating Profit | 99 | 71 | 103 | 142 | 266 | 202 | -44 | -6 | 95 |
OPM % | 23% | 14% | 23% | 28% | 37% | 34% | -33% | -6% | 42% |
Other Income | 19 | 80 | 18 | 22 | 19 | 20 | 25 | 63 | 21 |
Interest | 0 | 2 | 1 | 1 | 2 | 3 | 2 | 1 | 1 |
Depreciation | 5 | 13 | 8 | 9 | 12 | 10 | 9 | 9 | 10 |
Profit before tax | 112 | 136 | 112 | 154 | 270 | 209 | -29 | 47 | 104 |
Tax % | 35% | 38% | 35% | 35% | 24% | 28% | 16% | 30% | 25% |
Net Profit | 74 | 84 | 72 | 100 | 206 | 151 | -25 | 33 | 78 |
EPS in Rs | 18.40 | 5.25 | 4.52 | 6.24 | 12.86 | 9.41 | -1.54 | 2.04 | 4.88 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|
1,059 | 1,367 | 1,520 | 1,466 | 1,870 | 2,275 | 1,031 | |
907 | 1,176 | 1,206 | 1,192 | 1,487 | 1,561 | 784 | |
Operating Profit | 152 | 190 | 314 | 274 | 383 | 715 | 247 |
OPM % | 14% | 14% | 21% | 19% | 20% | 31% | 24% |
Other Income | 82 | 139 | 67 | 99 | 126 | 78 | 129 |
Interest | 0 | 0 | 3 | 3 | 2 | 7 | 7 |
Depreciation | 20 | 21 | 22 | 24 | 29 | 40 | 38 |
Profit before tax | 214 | 309 | 355 | 346 | 479 | 745 | 331 |
Tax % | 39% | 39% | 35% | 36% | 36% | 29% | |
Net Profit | 131 | 189 | 229 | 221 | 309 | 529 | 237 |
EPS in Rs | 57.27 | 55.16 | 19.28 | 33.04 | 14.79 | ||
Dividend Payout % | 20% | 40% | 49% | 21% | 98% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 14% |
TTM: | -53% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 32% |
TTM: | -53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 34% |
Last Year: | 44% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|
20 | 20 | 40 | 40 | 160 | 160 | 160 | |
Reserves | 424 | 522 | 747 | 915 | 911 | 1,168 | 1,177 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
718 | 895 | 1,040 | 1,365 | 1,523 | 1,922 | 1,856 | |
Total Liabilities | 1,162 | 1,437 | 1,826 | 2,319 | 2,594 | 3,250 | 3,193 |
155 | 159 | 170 | 190 | 182 | 283 | 284 | |
CWIP | 16 | 14 | 17 | 8 | 40 | 16 | 18 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 127 |
990 | 1,264 | 1,639 | 2,122 | 2,372 | 2,950 | 2,764 | |
Total Assets | 1,162 | 1,437 | 1,826 | 2,319 | 2,594 | 3,250 | 3,193 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|
69 | 288 | 338 | 24 | 499 | 405 | |
-46 | 7 | 94 | 40 | -353 | 12 | |
-17 | -31 | -136 | -57 | -179 | -280 | |
Net Cash Flow | 6 | 263 | 296 | 7 | -33 | 137 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|
ROCE % | 63% | 54% | 40% | 44% | 63% | |
Debtor Days | 51 | 43 | 70 | 137 | 115 | 127 |
Inventory Turnover | 27.78 | 29.88 | 37.65 | 18.11 | 17.24 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 Feb
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 Feb
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