Indian Railway Catering & Tourism Corporation Ltd
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)
- 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
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
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - In reference to our communication dated May 25, 2023, please find enclosed herewith the transcript of 'Q4FY'23 Earnings Conference Call' held on May 30, 2023.
-
Appointment Of Non-Official Independent Director
5 Jun - Ministry of Railways, Government of India, vide its Order No. 2022/PL/57/12 (Pt. I) dated June 05, 2023, has conveyed the appointment of Mr. Devendra Pal …
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 Jun - Ministry of Railways, Government of India's vide its letter No. 2016/E(O)II/40/18 dated 29th May 2023 has entrusted additional charge of the post of Director (Tourism …
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 Jun - Ministry of Railways, Government of India vide its letter No. 2016/E(O)II/40/11 dated 29th May 2023 has entrusted additional charge of the post of CMD/IRCTC to …
-
Announcement under Regulation 30 (LODR)-Cessation
1 Jun - Consequent to attaining age of superannuation on 31st May, 2023, Smt. Rajni Hasija (DIN: 08083674) has completed the tenure of Director (Tourism & Marketing), IRCTC. …
Annual reports
Concalls
-
Jun 2023TranscriptPPT
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
Jun 2022TranscriptPPT
-
Feb 2022TranscriptPPT
-
Dec 2021TranscriptPPT
-
Nov 2021TranscriptPPT
-
Aug 2021TranscriptPPT
-
Jul 2021TranscriptPPT
-
Mar 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Nov 2020TranscriptNotesPPT
-
Jul 2020TranscriptPPT