Indian Railway Catering & Tourism Corporation Ltd
Incorporated in 1999, IRCTC is a Mini Ratna (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[1]
- Market Cap ₹ 59,252 Cr.
- Current Price ₹ 740
- High / Low ₹ 758 / 557
- Stock P/E 54.8
- Book Value ₹ 35.6
- Dividend Yield 0.74 %
- ROCE 59.2 %
- ROE 45.4 %
- 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 43.0%
- Debtor days have improved from 158 to 118 days.
Cons
- Stock is trading at 20.8 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
1,059 | 1,367 | 1,520 | 1,466 | 1,870 | 2,264 | 777 | 1,879 | 3,541 | 3,880 | |
907 | 1,176 | 1,206 | 1,192 | 1,487 | 1,562 | 589 | 1,005 | 2,265 | 2,520 | |
Operating Profit | 152 | 190 | 314 | 274 | 383 | 703 | 188 | 874 | 1,276 | 1,360 |
OPM % | 14% | 14% | 21% | 19% | 20% | 31% | 24% | 47% | 36% | 35% |
82 | 139 | 67 | 99 | 126 | 77 | 124 | 72 | 148 | 132 | |
Interest | 0 | 0 | 3 | 3 | 2 | 10 | 8 | 11 | 16 | 17 |
Depreciation | 20 | 21 | 22 | 24 | 29 | 40 | 46 | 49 | 54 | 49 |
Profit before tax | 214 | 309 | 355 | 346 | 479 | 730 | 258 | 885 | 1,354 | 1,425 |
Tax % | 39% | 39% | 35% | 36% | 36% | 30% | 27% | 26% | 26% | |
131 | 189 | 229 | 221 | 309 | 513 | 187 | 660 | 1,006 | 1,061 | |
EPS in Rs | 13.06 | 18.86 | 11.45 | 11.03 | 3.86 | 6.41 | 2.34 | 8.24 | 12.57 | 13.25 |
Dividend Payout % | 20% | 40% | 49% | 21% | 98% | 39% | 43% | 42% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 16% |
TTM: | 34% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 24% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 33% |
1 Year: | 3% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 40 | 40 | 160 | 160 | 160 | 160 | 160 | 160 |
Reserves | 424 | 522 | 747 | 915 | 911 | 1,154 | 1,296 | 1,710 | 2,318 | 2,686 |
0 | 0 | 0 | 0 | 0 | 0 | 79 | 105 | 84 | 67 | |
718 | 895 | 1,040 | 1,365 | 1,523 | 1,928 | 1,618 | 1,909 | 2,526 | 2,637 | |
Total Liabilities | 1,162 | 1,437 | 1,826 | 2,319 | 2,594 | 3,241 | 3,153 | 3,884 | 5,089 | 5,550 |
155 | 159 | 170 | 190 | 182 | 285 | 311 | 335 | 351 | 333 | |
CWIP | 16 | 14 | 17 | 8 | 40 | 16 | 24 | 26 | 34 | 43 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
990 | 1,264 | 1,639 | 2,122 | 2,372 | 2,941 | 2,818 | 3,522 | 4,704 | 5,174 | |
Total Assets | 1,162 | 1,437 | 1,826 | 2,319 | 2,594 | 3,241 | 3,153 | 3,884 | 5,089 | 5,550 |
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 | 2,391 | 1,595 |
Cash Conversion Cycle | 4 | -24 | -157 | -70 | -430 | -300 | -4,197 | -2,252 | -1,459 |
Working Capital Days | -20 | -51 | -35 | -10 | -65 | -35 | -128 | -25 | 5 |
ROCE % | 63% | 54% | 40% | 44% | 62% | 16% | 51% | 59% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Nov - Schedule of Investors/analysts meetings is attached.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Nov - Schedule of Investors/analysts meetings is attached.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Nov - Schedule of Investors/analysts meetings is attached.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Nov - Schedule of Investors/analysts meetings is attached.
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 23 Nov
Annual reports
Concalls
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Nov 2023TranscriptPPT
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Sep 2023Transcript PPT
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Jun 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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Jun 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Dec 2021TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Jul 2021TranscriptPPT
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Mar 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Jul 2020TranscriptPPT
Business Divisions:[1][2]
a) Catering and hospitality
b) Internet ticketing
c) Packaged drinking water
d) State teertha
e) Tourism
Company manages catering and hospitality services at railway stations, on trains, and
other important locations and promotes
domestic travel and international tourism
through the development of budget hotels,
special tour packages, and e-ticketing services.