Indian Railway Catering & Tourism Corporation Ltd

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Indian Railway Catering & Tourism Corporation Ltd

₹ 993 -2.31%
18 Apr - close price
irctc.com BSE: 542830 NSE : IRCTC
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 79,436 Cr.
  • Current Price ₹ 993
  • High / Low ₹ 1,069 / 595
  • Stock P/E 69.9
  • Book Value ₹ 35.6
  • Dividend Yield 0.55 %
  • ROCE 59.2 %
  • ROE 45.4 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • 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 27.9 times its book value
  • Promoter holding has decreased over last 3 years: -5.00%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
224 339 243 405 540 691 853 806 918 965 1,002 995 1,118
130 194 132 193 261 412 532 501 592 640 659 629 724
Operating Profit 95 145 112 212 279 279 321 305 326 325 343 367 394
OPM % 42% 43% 46% 52% 52% 40% 38% 38% 35% 34% 34% 37% 35%
21 17 15 16 16 22 24 26 32 65 -13 47 31
Interest 1 4 4 2 2 3 2 5 5 4 4 4 5
Depreciation 10 19 11 12 12 14 14 19 10 11 14 14 14
Profit before tax 104 139 111 214 282 283 329 307 343 375 312 395 406
Tax % 25% 25% 26% 26% 26% 25% 25% 26% 25% 26% 26% 25% 26%
78 104 83 159 209 214 246 226 256 279 232 295 300
EPS in Rs 0.98 1.30 1.03 1.98 2.61 2.67 3.07 2.83 3.19 3.48 2.90 3.68 3.75
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 TTM
1,059 1,367 1,520 1,466 1,870 2,264 777 1,879 3,541 4,080
907 1,176 1,206 1,192 1,487 1,562 589 1,005 2,265 2,652
Operating Profit 152 190 314 274 383 703 188 874 1,276 1,428
OPM % 14% 14% 21% 19% 20% 31% 24% 47% 36% 35%
82 139 67 99 126 77 124 72 148 131
Interest 0 0 3 3 2 10 8 11 16 17
Depreciation 20 21 22 24 29 40 46 49 54 53
Profit before tax 214 309 355 346 479 730 258 885 1,354 1,489
Tax % 39% 39% 35% 36% 36% 30% 27% 26% 26%
131 189 229 221 309 513 187 660 1,006 1,106
EPS in Rs 13.06 18.86 11.45 11.03 3.86 6.41 2.34 8.24 12.57 13.81
Dividend Payout % 20% 40% 49% 21% 98% 39% 43% 42% 44%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 16%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 24%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 45%
1 Year: 65%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.40% 67.40% 67.40% 67.40% 67.40% 67.40% 62.40% 62.40% 62.40% 62.40% 62.40% 62.40%
8.07% 7.81% 7.06% 6.42% 5.87% 5.81% 6.84% 6.53% 6.99% 7.11% 7.34% 8.08%
11.29% 8.48% 4.69% 5.22% 5.32% 5.57% 8.73% 10.06% 9.92% 10.53% 11.98% 12.72%
13.25% 16.31% 20.86% 20.96% 21.42% 21.23% 22.03% 21.01% 20.68% 19.97% 18.28% 16.79%
No. of Shareholders 5,79,3458,84,02120,62,02421,85,50422,42,51322,18,73421,61,32721,28,34820,80,26420,26,79819,28,85119,10,307

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

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