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 ₹ 41,708 Cr.
- Current Price ₹ 521
- High / Low ₹ 799 / 493
- Stock P/E 30.2
- Book Value ₹ 53.9
- Dividend Yield 1.63 %
- ROCE 46.1 %
- ROE 34.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.1%
- Company has been maintaining a healthy dividend payout of 49.0%
Cons
- Stock is trading at 9.68 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 | |
|---|---|---|---|---|
| 3,541 | 4,260 | 4,675 | 5,215 | |
| 2,265 | 2,794 | 3,124 | 3,549 | |
| Operating Profit | 1,276 | 1,466 | 1,551 | 1,666 |
| OPM % | 36% | 34% | 33% | 32% |
| 148 | 106 | 276 | 277 | |
| Interest | 16 | 19 | 17 | 18 |
| Depreciation | 54 | 57 | 53 | 50 |
| Profit before tax | 1,354 | 1,496 | 1,757 | 1,875 |
| Tax % | 26% | 26% | 25% | 26% |
| 1,006 | 1,111 | 1,315 | 1,393 | |
| EPS in Rs | 12.57 | 13.89 | 16.44 | 17.42 |
| Dividend Payout % | 44% | 47% | 49% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -8% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| Last Year: | 35% |
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 | -252 | -446 | |
| -434 | -404 | -910 | -787 | |
| Net Cash Flow | 61 | 277 | -329 | 40 |
| Free Cash Flow | 744 | 650 | 786 | 1,227 |
| 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 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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Extracted by Screener AI
Documents
Announcements
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Letter From Ministry Of Railways Regarding Appointment To The Post Of Director (Finance), IRCTC
11 Jun - Shri Rajneesh Narain appointed Director (Finance) of IRCTC, effective 11 June 2026 until superannuation.
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Announcement under Regulation 30 (LODR)-Change in Directorate
4 Jun - Devendra Pal Bharti ceased as IRCTC Independent Director effective 4 June 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 29 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Please find attached herewith copy of newspaper publication of Results for the quarter and year ended March 31, 2026.
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Disclosure Under Regulation 30 Of SEBI(LODR) Regulations, 2015
28 May - IRCTC received ₹5.31 lakh fines each from BSE and NSE for Q4 FY26 board non-compliance.
Annual reports
Concalls
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May 2026TranscriptPPTREC
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Feb 2026TranscriptPPTREC
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Nov 2025TranscriptPPTREC
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Aug 2024TranscriptPPTREC
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Sep 2023Transcript PPT
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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]