Indian Railway Catering & Tourism Corporation Ltd
Incorporated in 1999, IRCTC is a Navratna (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 ₹ 41,900 Cr.
- Current Price ₹ 524
- High / Low ₹ 820 / 505
- Stock P/E 30.3
- Book Value ₹ 53.3
- Dividend Yield 1.62 %
- ROCE 49.0 %
- ROE 37.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.0%
- Company has been maintaining a healthy dividend payout of 46.4%
Cons
- Stock is trading at 9.83 times its book value
* 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
Consumer Discretionary Consumer Services Leisure Services Tour, Travel Related Services
Part of BSE 500 BSE 200 BSE Dollex 200 BSE PSU Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 3,541 | 4,260 | 4,675 | 5,024 | |
| 2,265 | 2,794 | 3,124 | 3,371 | |
| Operating Profit | 1,276 | 1,466 | 1,551 | 1,652 |
| OPM % | 36% | 34% | 33% | 33% |
| 148 | 106 | 276 | 317 | |
| Interest | 16 | 19 | 17 | 21 |
| Depreciation | 54 | 57 | 53 | 48 |
| Profit before tax | 1,354 | 1,496 | 1,757 | 1,901 |
| Tax % | 26% | 26% | 25% | |
| 1,006 | 1,111 | 1,315 | 1,425 | |
| EPS in Rs | 12.57 | 13.89 | 16.44 | 17.82 |
| Dividend Payout % | 44% | 47% | 49% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -3% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 160 | 160 | 160 | 160 |
| Reserves | 2,318 | 3,070 | 3,503 | 4,101 |
| 84 | 60 | 90 | 78 | |
| 2,526 | 2,801 | 3,046 | 3,292 | |
| Total Liabilities | 5,089 | 6,091 | 6,799 | 7,631 |
| 351 | 343 | 813 | 821 | |
| CWIP | 34 | 443 | 27 | 7 |
| Investments | 0 | 0 | 0 | 0 |
| 4,704 | 5,306 | 5,959 | 6,803 | |
| Total Assets | 5,089 | 6,091 | 6,799 | 7,631 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 812 | 882 | 833 | |
| -317 | -200 | -252 | |
| -434 | -404 | -910 | |
| Net Cash Flow | 61 | 277 | -329 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 118 | 118 | 135 |
| Inventory Days | 18 | 16 | 15 |
| Days Payable | 1,595 | 1,484 | 1,371 |
| Cash Conversion Cycle | -1,459 | -1,350 | -1,221 |
| Working Capital Days | 3 | 20 | 56 |
| ROCE % | 54% | 49% |
Insights
In beta| Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Internet Ticketing Share in Reserved Tickets % |
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| Total Internet Tickets Booked Crore |
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| Rail Neer Production Volume Crore Bottles |
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| Number of Operational Rail Neer Plants Number |
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| Rail Neer Capacity Utilization % |
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| E-catering Meals Booked Number |
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| Number of Trains with Mobile Catering Number |
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Documents
Announcements
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Board Comments On Fines Levied By The Exchanges For The Quarter Ended 31St December, 2025; And Change In The Nomination Of Chief Investor Relations Officer (CIRO).
1d - IRCTC fined ₹5,42,200 each by NSE and BSE for Regulation 17(1) non-compliance; CIRO nomination changed on March 24, 2026.
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Change in Management
10 Mar - GGM Sunil Beniwal repatriated effective 09.03.2026; Naveen Dixit assumes additional charge.
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Announcement under Regulation 30 (LODR)-Change in Management
7 Mar - IRCTC reshuffles senior roles: Dixit to GGM/IT Projects; Gautam GGM/Static Catering & PR; Gupta gains GGM/Mobile charge. Effective 06.03.2026.
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Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
28 Feb - BSE and NSE fined IRCTC ₹5,42,800 each for Reg 17(1) non-compliance (quarter ended Dec 31, 2025).
Annual reports
Concalls
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Feb 2026TranscriptPPTREC
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Nov 2025TranscriptPPTREC
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Aug 2025TranscriptPPTREC
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Jun 2025TranscriptPPTREC
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Feb 2025TranscriptPPT
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Aug 2024TranscriptPPTREC
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Jun 2024TranscriptPPT
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Feb 2024TranscriptPPT
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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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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 2020TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptPPT
Overview
IRCTC is a 'NavRatna' Central Public Sector Enterprise under the Ministry of Railways, GOI, engaged in hospitality, travel, and tourism. In July 2024, it became a Scheduled ‘A’ Public Sector Undertaking of the Government of India. [1] [2]