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 ₹ 62,168 Cr.
- Current Price ₹ 777
- High / Low ₹ 1,059 / 656
- Stock P/E 48.5
- Book Value ₹ 45.8
- Dividend Yield 0.90 %
- ROCE 49.0 %
- ROE 37.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 54.5%
Cons
- Stock is trading at 17.0 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
Consumer Discretionary Consumer Services Leisure Services Tour, Travel Related Services
Part of BSE 500 BSE 200 BSE PSU Nifty 500 BSE MidCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 3,541 | 4,270 | 4,675 | |
| 2,265 | 2,804 | 3,125 | |
| Operating Profit | 1,276 | 1,466 | 1,550 |
| OPM % | 36% | 34% | 33% |
| 148 | 106 | 277 | |
| Interest | 16 | 19 | 17 |
| Depreciation | 54 | 57 | 53 |
| Profit before tax | 1,354 | 1,496 | 1,757 |
| Tax % | 26% | 26% | 25% |
| 1,006 | 1,111 | 1,315 | |
| EPS in Rs | 12.57 | 13.89 | 16.44 |
| Dividend Payout % | 44% | 47% | 73% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 11% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 160 | 160 | 160 |
| Reserves | 2,318 | 3,070 | 3,503 |
| 84 | 60 | 90 | |
| 2,526 | 2,801 | 3,047 | |
| Total Liabilities | 5,089 | 6,091 | 6,800 |
| 351 | 343 | 813 | |
| CWIP | 34 | 443 | 27 |
| Investments | 0 | 0 | 0 |
| 4,704 | 5,306 | 5,959 | |
| Total Assets | 5,089 | 6,091 | 6,800 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 812 | 882 | 810 | |
| -317 | -200 | -229 | |
| -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 | 117 | 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 | 6 | 22 | 57 |
| ROCE % | 54% | 49% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
1d - IRCTC faces ₹184.88 lakh GST demand penalty for FY 2017-18; appeal ongoing.
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Closure of Trading Window
25 Jun - Trading window closed from July 1, 2025 till 48 hours post Q1 results announcement.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Jun - Appointment of Naveen Dixit as GGM/North Zone; Manoj Sharma reassigned to OSD/Catering Services.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Jun - Appointment of Mukesh Saini as Chief Regional Officer Jaipur at IRCTC on deputation.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Jun - Transcript of Earning Conference Call for the Q4 & FY25 held on Thursday, May 29, 2025 is attached.
Annual reports
Concalls
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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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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
Overview
IRCTC is a 'Mini Ratna (Category-I)' 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]