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 ₹ 49,616 Cr.
- Current Price ₹ 620
- High / Low ₹ 838 / 601
- Stock P/E 37.0
- Book Value ₹ 53.3
- Dividend Yield 1.29 %
- ROCE 49.0 %
- ROE 37.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 46.4%
Cons
- Stock is trading at 11.7 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 | 4,799 | |
| 2,265 | 2,794 | 3,124 | 3,195 | |
| Operating Profit | 1,276 | 1,466 | 1,551 | 1,604 |
| OPM % | 36% | 34% | 33% | 33% |
| 148 | 106 | 276 | 293 | |
| Interest | 16 | 19 | 17 | 20 |
| Depreciation | 54 | 57 | 53 | 49 |
| Profit before tax | 1,354 | 1,496 | 1,757 | 1,828 |
| Tax % | 26% | 26% | 25% | |
| 1,006 | 1,111 | 1,315 | 1,372 | |
| EPS in Rs | 12.57 | 13.89 | 16.44 | 17.15 |
| Dividend Payout % | 44% | 47% | 49% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | -2% |
| 1 Year: | -20% |
| 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 | 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
16 Jan - Shri Manoj Kumar Gangeya ceased as Part-time Government Director (ED Planning) effective 16.01.2026.
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Board Comments On Fines Levied By The Exchanges For The Quarter Ended 30Th September, 2025
9 Jan - IRCTC fined by BSE/NSE for Reg 17(1) non-compliance (no woman director) for quarter ended 30 Sep 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Certificate under SEBI Reg 74(5) for quarter ended Dec 31, 2025; RTA Alankit confirmation of dematerialization.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
31 Dec - Assistant Commissioner CGST issued ₹3.05 lakh DRC-07 Order dated 30.12.2025 for FY2018-19.
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Announcement under Regulation 30 (LODR)-Change in Management
26 Dec - IRCTC's Manoj Kumar Singh repatriated; Sandip Trivedi given additional charge as Group GM East Zone from 26 Dec 2025.
Annual reports
Concalls
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Nov 2025TranscriptPPTREC
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Aug 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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Nov 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Dec 2021TranscriptPPT
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Nov 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 '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]