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 ₹ 38,140 Cr.
- Current Price ₹ 477
- High / Low ₹ 737 / 446
- Stock P/E 27.6
- Book Value ₹ 53.9
- Dividend Yield 1.89 %
- ROCE 46.1 %
- ROE 34.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.8%
- Company has been maintaining a healthy dividend payout of 49.0%
Cons
- Stock is trading at 8.85 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 3,541 | 4,260 | 4,675 | 5,215 | 5,425 | |
| 2,265 | 2,794 | 3,124 | 3,549 | 3,769 | |
| Operating Profit | 1,276 | 1,466 | 1,551 | 1,666 | 1,655 |
| OPM % | 36% | 34% | 33% | 32% | 31% |
| 148 | 106 | 276 | 277 | 288 | |
| Interest | 16 | 19 | 17 | 18 | 18 |
| Depreciation | 54 | 57 | 53 | 50 | 50 |
| Profit before tax | 1,354 | 1,496 | 1,757 | 1,875 | 1,875 |
| Tax % | 26% | 26% | 25% | 26% | |
| 1,006 | 1,111 | 1,315 | 1,393 | 1,393 | |
| EPS in Rs | 12.57 | 13.89 | 16.44 | 17.42 | 17.42 |
| Dividend Payout % | 44% | 47% | 49% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | -11% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| Last Year: | 34% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 160 | 160 | 160 | 160 |
| Reserves | 2,318 | 3,070 | 3,503 | 4,149 |
| 84 | 60 | 90 | 81 | |
| 2,526 | 2,801 | 3,046 | 3,190 | |
| Total Liabilities | 5,089 | 6,091 | 6,799 | 7,580 |
| 351 | 343 | 813 | 839 | |
| CWIP | 34 | 443 | 27 | 42 |
| Investments | 0 | 0 | 0 | 0 |
| 4,704 | 5,306 | 5,959 | 6,699 | |
| Total Assets | 5,089 | 6,091 | 6,799 | 7,580 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 812 | 882 | 833 | 1,273 | |
| -317 | -200 | -258 | -446 | |
| -434 | -404 | -910 | -787 | |
| Net Cash Flow | 61 | 277 | -334 | 40 |
| Free Cash Flow | 744 | 650 | 786 | 1,196 |
| CFO/OP | 97% | 91% | 80% | 109% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 118 | 118 | 135 | 132 |
| Inventory Days | 18 | 16 | 15 | |
| Days Payable | 1,595 | 1,484 | 1,371 | |
| Cash Conversion Cycle | -1,459 | -1,350 | -1,221 | 132 |
| Working Capital Days | 3 | 20 | 56 | 40 |
| ROCE % | 54% | 49% | 46% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Rail Neer - Bottles Produced crore bottles |
|
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| E-catering Average Meals per Day meals/day |
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| Internet Ticketing - Number of Tickets Booked crore tickets |
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| Online Ticketing Share of Reserved Railway Tickets % |
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| Rail Neer - Number of Operational Plants plants |
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| Rail Neer - Capacity Utilization % |
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| Trains with On-board Catering Services trains |
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| UPI Share of Internet Ticketing Transactions % |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Of ESG Rating By Niche Ninety Nine Capability And Certifications (OPC) Private Limited.
- Niche 99 assigns IRCTC ESG rating 60.89, Performer band, on public-domain data.
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Disclosure Of ESG Rating By Crisil ESG Ratings & Analytics Limited.
- Crisil ESG assigns IRCTC an ESG rating of 63, categorized as Strong.
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- C&AG appoints Nangia & Co LLP as IRCTC statutory auditor for FY 2026-27.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Please find attached herewith copy of newspaper publication.
-
Business Responsibility and Sustainability Reporting (BRSR)
- IRCTC filed its Business Responsibility & Sustainability Report for FY 2025-26 with annual report.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
Concalls
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Aug 2026Transcript REC
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May 2026Transcript REC
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Feb 2026Transcript REC
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Nov 2025Transcript REC
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Aug 2025Transcript REC
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Jun 2025Transcript REC
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Feb 2025Transcript
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Aug 2024Transcript REC
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Jun 2024Transcript
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Feb 2024Transcript
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Nov 2023Transcript
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Sep 2023Transcript PPT
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Jun 2023Transcript
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Feb 2023Transcript
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Nov 2022Transcript
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Aug 2022Transcript
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Jun 2022Transcript
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Feb 2022Transcript
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Dec 2021Transcript
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Nov 2021Transcript
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Aug 2021Transcript
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Jul 2021Transcript
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Mar 2021Transcript
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Feb 2021Transcript
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Feb 2021Transcript
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Nov 2020PPT
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Nov 2020PPT
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Jul 2020Transcript
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]