Indian Railway Catering & Tourism Corporation Ltd

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Indian Railway Catering & Tourism Corporation Ltd

₹ 643 -0.21%
09 Jun 12:56 p.m.
irctc.com BSE: 542830 NSE : IRCTC
About

Indian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna (Category-I) Central Public Sector Enterprise under the Ministry of Railways, Government of India. IRCTC was incorporated on 27th 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 the development of budget hotels, special tour packages, information & commercial publicity and global reservation systems.(Source: Company Web-Site)

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Website BSE NSE
  • Market Cap ₹ 51,412 Cr.
  • Current Price ₹ 643
  • High / Low ₹ 775 / 557
  • Stock P/E 52.1
  • Book Value ₹ 31.0
  • Dividend Yield 0.54 %
  • ROCE 59.0 %
  • ROE 45.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
  • Company has been maintaining a healthy dividend payout of 42.9%
  • Debtor days have improved from 158 to 118 days.

Cons

  • Stock is trading at 20.7 times its book value
  • Promoter holding has decreased over last 3 years: -25.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Railways Industry: Travel Agencies

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
576 131 89 224 339 243 405 540 691 853 806 918 965
387 175 94 130 194 132 193 261 412 532 501 592 640
Operating Profit 189 -44 -6 95 145 112 212 279 279 321 305 326 325
OPM % 33% -33% -6% 42% 43% 46% 52% 52% 40% 38% 38% 35% 34%
20 25 63 21 17 15 16 16 22 24 26 32 65
Interest 5 2 1 1 4 4 2 2 3 2 5 5 4
Depreciation 11 9 9 10 19 11 12 12 14 14 19 10 11
Profit before tax 193 -29 47 104 139 111 214 282 283 329 307 343 375
Tax % 30% 16% 30% 25% 25% 26% 26% 26% 25% 25% 26% 25% 26%
Net Profit 135 -25 33 78 104 83 159 209 214 246 226 256 279
EPS in Rs 1.69 -0.31 0.41 0.98 1.30 1.03 1.98 2.61 2.67 3.07 2.83 3.19 3.48
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,059 1,367 1,520 1,466 1,870 2,264 777 1,879 3,541
907 1,176 1,206 1,192 1,487 1,562 589 998 2,265
Operating Profit 152 190 314 274 383 703 188 881 1,276
OPM % 14% 14% 21% 19% 20% 31% 24% 47% 36%
82 139 67 99 126 77 124 69 148
Interest 0 0 3 3 2 10 8 11 16
Depreciation 20 21 22 24 29 40 46 49 54
Profit before tax 214 309 355 346 479 730 258 890 1,354
Tax % 39% 39% 35% 36% 36% 30% 27% 25% 26%
Net Profit 131 189 229 221 309 513 187 664 1,006
EPS in Rs 13.06 18.86 11.45 11.03 3.86 6.41 2.34 8.30 12.57
Dividend Payout % 20% 40% 49% 21% 98% 39% 43% 42% 44%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 16%
TTM: 88%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 24%
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 29%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 35%
3 Years: 35%
Last Year: 45%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20 20 40 40 160 160 160 160 160
Reserves 424 522 747 915 911 1,154 1,296 1,724 2,318
0 0 0 0 0 0 79 107 84
718 895 1,040 1,365 1,523 1,928 1,618 1,847 2,526
Total Liabilities 1,162 1,437 1,826 2,319 2,594 3,241 3,153 3,837 5,089
155 159 170 190 182 285 311 335 351
CWIP 16 14 17 8 40 16 24 26 34
Investments 0 0 0 0 0 0 0 0 0
990 1,264 1,639 2,122 2,372 2,941 2,818 3,476 4,704
Total Assets 1,162 1,437 1,826 2,319 2,594 3,241 3,153 3,837 5,089

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
69 288 338 24 499 409 248 524 810
-46 7 94 40 -353 8 -453 -242 -315
-17 -31 -136 -57 -179 -280 -47 -258 -434
Net Cash Flow 6 263 296 7 -33 137 -252 23 61

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 43 70 137 115 125 245 111 118
Inventory Days 15 13 11 11 23 26 50 27 18
Days Payable 62 80 237 218 568 451 4,492 2,348 1,595
Cash Conversion Cycle 4 -24 -157 -70 -430 -300 -4,197 -2,209 -1,459
Working Capital Days -20 -51 -35 -10 -65 -35 -128 -32 5
ROCE % 63% 54% 40% 44% 62% 16% 51% 59%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
87.40 87.40 67.40 67.40 67.40 67.40 67.40 67.40 67.40 67.40 62.40 62.40
0.77 0.88 8.38 8.17 8.07 7.81 7.06 6.42 5.87 5.81 6.84 6.53
1.35 1.65 7.67 10.34 11.29 8.48 4.69 5.22 5.32 5.57 8.73 10.06
10.48 10.07 16.55 14.10 13.25 16.31 20.86 20.96 21.42 21.23 22.03 21.01

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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