Leisure Services
Valuation | |
|---|---|
| Market Cap | 47.6 kCr |
| Price/Earnings (Trailing) | 33.39 |
| Price/Sales (Trailing) | 9.02 |
| EV/EBITDA | 23.86 |
| Price/Free Cashflow | 75.43 |
| MarketCap/EBT | 25.05 |
| Enterprise Value | 46.99 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 5.28 kCr |
| Rev. Growth (Yr) | 18.6% |
| Earnings (TTM) | 1.43 kCr |
| Earnings Growth (Yr) | 15.6% |
Profitability | |
|---|---|
| Operating Margin | 35% |
| EBT Margin | 36% |
| Return on Equity | 33.45% |
| Return on Assets | 18.68% |
| Free Cashflow Yield | 1.33% |
Growth & Returns | |
|---|---|
| Price Change 1W | -5.4% |
| Price Change 1M | -2.1% |
| Price Change 6M | -14% |
| Price Change 1Y | -16.2% |
| 3Y Cumulative Return | -0.30% |
| 5Y Cumulative Return | 11.1% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -239.48 Cr |
| Cash Flow from Operations (TTM) | 809.6 Cr |
| Cash Flow from Financing (TTM) | -909.8 Cr |
| Cash & Equivalents | 602.73 Cr |
| Free Cash Flow (TTM) | 761.97 Cr |
| Free Cash Flow/Share (TTM) | 9.52 |
Balance Sheet | |
|---|---|
| Total Assets | 7.63 kCr |
| Total Liabilities | 3.37 kCr |
| Shareholder Equity | 4.26 kCr |
| Current Assets | 6.47 kCr |
| Current Liabilities | 3.07 kCr |
| Net PPE | 662.87 Cr |
| Inventory | 11.23 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 88.6 |
| Interest/Cashflow Ops | 44.71 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 9.5 |
| Dividend Yield | 1.6% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 27%.
Size: Market Cap wise it is among the top 20% companies of india.
Momentum: Stock is suffering a negative price momentum. Stock is down -2.1% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.3% return compared to 13.6% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 27%.
Size: Market Cap wise it is among the top 20% companies of india.
Momentum: Stock is suffering a negative price momentum. Stock is down -2.1% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.3% return compared to 13.6% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 1.6% |
| Dividend/Share (TTM) | 9.5 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 17.82 |
Financial Health | |
|---|---|
| Current Ratio | 2.11 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 39.65 |
| RSI (5d) | 24.34 |
| RSI (21d) | 40.9 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated May 4, 2025
IRCTC has suspended its tour packages to Jammu and Kashmir due to a recent terror attack, impacting travel plans for many customers.
The Delhi High Court annulled a tender awarded by IRCTC for catering services due to the bidder's failure to disclose criminal antecedents, raising concerns over transparency.
IRCTC has implemented a new rule that bans wait-listed passengers from traveling in air-conditioned or sleeper coaches, leading to potential fines and travel disruptions.
Summary of Indian Railway Catering & Tourism Corp's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q3 FY '26 earnings conference call, the management of Indian Railway Catering and Tourism Corporation (IRCTC) provided an optimistic outlook, highlighting the company's record performance and growth potential. Chairman and Managing Director Sanjay Kumar Jain reported that Q3 saw the highest ever revenue of INR 1,449 crores, marking an 18.2% year-on-year increase, with profit after tax (PAT) of INR 394 crores, up 15.5%. The company achieved an EBITDA of INR 465 crores, reflecting an increase of 11.5% year-on-year.
Management emphasized the growth achieved across various business segments, with internet ticketing revenue reaching INR 401 crores (up 13.2%) and catering revenue growing to INR 661 crores (19.1% growth). The tourism segment outperformed expectations, generating INR 289 crores in revenue, which is a 29% increase year-on-year, driven by the success of initiatives such as the Maharaja Express and Bharat Gaurav trains.
Key forward-looking points include the commitment to expand service offerings and operational efficiencies, including the introduction of 260 Vande Bharat train sets over the coming years, which is anticipated to significantly boost catering revenue. Management also indicated plans to enhance digital capabilities and improve customer experience, alongside strategic developments in tourism and hospitality.
Other metrics highlighted include that approximately 89% of reserved railway tickets are now booked online, with an average of 14.64 lakh tickets booked daily and a UPI transaction share increasing to 50.18%. The management projected a sustainable 15% growth rate for the fiscal year, suggesting a solid foundation for continued growth across all segments moving forward.
Understand Indian Railway Catering & Tourism Corp ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| ICICI PRUDENTIAL LARGE & MID CAP FUND | 1.28% |
Distribution across major stakeholders
Detailed comparison of Indian Railway Catering & Tourism Corp against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | Indian Hotels Co. | 96.93 kCr | 9.61 kCr | +4.50% | -6.00% | 48.29 | 10.08 | - | - |
| RVNL | Rail Vikas Nigam | 66.37 kCr |
Indian Railway Catering & Tourism Corporation (IRCTC) is a prominent company in the Tour and Travel Related Services sector in India.
It boasts a market capitalization of Rs. 61,124 Crores and has shown impressive financial performance, reporting a trailing 12-month revenue of Rs. 4,763.7 Crores and a profit of Rs. 1,241.2 Crores over the past four quarters. The company has experienced notable revenue growth of 198.9% in the past three years, reflecting its expanding operations and market presence.
IRCTC operates through four main segments:
The company's catering services extend to various train categories, including Vande Bharat, Rajdhani, and Shatabdi, among others. Additionally, IRCTC manages food outlets and accommodations such as food plazas, refreshment rooms, and hotels.
In the travel domain, IRCTC provides a range of tourism products, including domestic and outbound tour packages, event management, chartered train bookings, and adventure tourism. They also facilitate train ticket bookings and travel insurance services through their online platform, irctctourism.com.
Moreover, IRCTC offers packaged drinking water under the brand name Rail Neer. The company, incorporated in 1999 and headquartered in New Delhi, is also known for rewarding its investors with dividends, currently yielding 1.44% annually, with dividends of Rs. 11 per share distributed over the last year.
Overall, IRCTC is a profitable and dynamic player in India's travel and tourism industry, combining comprehensive services in catering and hospitality with innovative travel solutions.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
The Tejas Express has generated ?3.70 crore in ticket sales and ?70 lakh in profit within its first 21 days, showcasing its strong market potential.
IRCTC has launched the innovative 'Cuboid' ad format on its digital platforms, achieving 3.2x higher engagement than traditional formats.
IRCTC's new 'ePayLater' facility allows passengers to book tickets without immediate payment, promoting accessibility and convenience.
General • 26 Feb 2026 Please find attched herewith intimation regarding appointment of Part-time Government Director of the Board of IRCTC. |
General • 19 Feb 2026 Please find attached herewith intimation regarding ESG Rating by NSE Sustainability Ratings & Analytics Limited. |
Earnings Call Transcript • 18 Feb 2026 Please find attached herewith Transcript of Q3FY26 Earning Conference Call held on 13.02.2026. |
Analyst / Investor Meet • 13 Feb 2026 Please find attached herewith the Audio Recording Link of Earning Conference Call on Q3FY26 Results. |
Newspaper Publication • 13 Feb 2026 Please find attached herewith Newspaper Publication. |
• 12 Feb 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question: "Can you highlight the reasons behind the catering business's growth of 19% this quarter, and what impact did the Vande Bharat project have on margins?"
Answer: Revenue from the Vande Bharat train increased by INR70 crores this quarter due to the introduction of an additional 40 trains. However, the margins were impacted as the licensing fee associated with Vande Bharat doesn't yield as much profit, plus we incur a 5% GST, affecting overall margins.
Question: "What is the outlook for catering business growth in FY '27 and '28, especially with the addition of new trains?"
Answer: The Rail Ministry announced plans to introduce 260 Vande Bharat trains, which are in the pipeline and will significantly boost our catering business's revenue, supporting sustained growth in the coming years.
Question: "Can you provide figures for ticket bookings, UPI transaction shares, and a breakdown between convenience and non-convenience revenue?"
Answer: This quarter, average daily ticket bookings were around 14.64 lakh, up from 13.59 lakh last year. Convenience revenue was INR251 crores, non-convenience revenue was INR150 crores, and UPI transactions now accounted for 50.18% of total transactions, up from 46.86%.
Question: "What is the status of the payment aggregator license approval and its strategic importance for the business?"
Answer: The RBI has extended our document submission deadline to August 2026. We are finalizing our technology provider, and we aim to submit required documents soon, signaling our commitment to advancing this strategic initiative.
Question: "Please provide updates on the Rail Neer greenfield projects and expected capacity expansion."
Answer: We're enhancing capacity at our existing plants in Danapur and Ambernath and have board approval for four new plants in Mysore, Prayagraj, Bhagalpur, and Ranchi, which will increase capacity by 25-30% over the next 1.5 years.
Question: "Can you elaborate on the impact of the Amrit Bharat station scheme on static catering units?"
Answer: Currently, our projects at stations have increased from 543 to 563, and I expect we are seeing a normalization in revenue from these upgraded stations as operations stabilize.
Question: "Are there any data insights or products generated from your immense database that could be offered to third parties?"
Answer: We're exploring opportunities to anonymize data for compliance with DPDP guidelines. Our focus is on using data to enhance our unified portal, aiming to cross-sell our offerings effectively.
Question: "How do the Vande Bharat trains' unit economics compare with standard or express mail trains?"
Answer: Vande Bharat trains operate on a prepaid model, allowing us to estimate volumes and secure higher revenue shares upfront. In contrast, postpaid trains rely on uncertain passenger demand, making Vande Bharat a more favorable model for our catering business.
Question: "What is the growth outlook for tourism, especially with the Maharaja Express and Bharat Gaurav?"
Answer: We are targeting a 15% growth rate this year. The Maharaja Express continues to perform strongly, contributing significantly to our revenue. Added routes and ongoing demand bode well for continued momentum into Q4.
Question: "What is the average volume of Rail Neer bottles sold daily this quarter, and how close are you to the 2 million bottles daily capacity goal?"
Answer: We sold an average of 12.68 lakh bottles daily. Although we're working on expanding capacity, we're currently meeting around 50-60% of total demand and expect further growth as new capacity comes online.
Distribution across major institutional holders
| 21.02 kCr |
| -1.70% |
| -12.40% |
| 57.87 |
| 3.16 |
| - |
| - |
| MHRIL | Mahindra Holidays & Resorts India | 5.69 kCr | 3.08 kCr | -2.60% | -6.80% | 56.07 | 1.85 | - | - |
| THOMASCOOK | Thomas Cook (India) | 4.93 kCr | 8.77 kCr | -14.50% | -19.40% | 19.94 | 0.56 | - | - |
| EASEMYTRIP | Easy Trip Planners | 3.16 kCr | 550.72 Cr | +39.60% | -29.40% | 23.46 | 5.73 | - | - |
| YATRA | YATRA ONLINE | 1.88 kCr | 1.06 kCr | -17.90% | +55.40% | 34.87 | 1.77 | - | - |
| 1,001 |
| 758 |
| 779 |
| 903 |
| 825 |
| 707 |
| Profit Before exceptional items and Tax | 14.9% | 518 | 451 | 442 | 427 | 457 | 417 |
| Exceptional items before tax | 108.3% | 11 | 5.8 | 0 | 46 | 0 | 0 |
| Total profit before tax | 15.8% | 529 | 457 | 442 | 472 | 457 | 417 |
| Current tax | 15.3% | 144 | 125 | 120 | 162 | 116 | 150 |
| Deferred tax | -1.9% | -9.55 | -9.35 | -8.12 | -47.87 | -0.54 | -40.89 |
| Total tax | 17.5% | 135 | 115 | 111 | 114 | 115 | 109 |
| Total profit (loss) for period | 15.2% | 394 | 342 | 331 | 358 | 341 | 308 |
| Other comp. income net of taxes | -81% | 1.4 | 3.1 | 1.62 | -0.73 | 1.5 | -2.37 |
| Total Comprehensive Income | 14.8% | 396 | 345 | 332 | 358 | 343 | 306 |
| Earnings Per Share, Basic | 19.8% | 4.93 | 4.28 | 4.13 | 4.48 | 4.26 | 3.85 |
| Earnings Per Share, Diluted | 19.8% | 4.93 | 4.28 | 4.13 | 4.48 | 4.26 | 3.85 |
| 9% |
| 315 |
| 289 |
| 246 |
| 237 |
| 207 |
| 244 |
| Finance costs | -11.1% | 17 | 19 | 16 | 11 | 8.15 | 7.27 |
| Depreciation and Amortization | -7.1% | 53 | 57 | 54 | 48 | 46 | 40 |
| Other expenses | 11.6% | 2,534 | 2,270 | 1,825 | 657 | 338 | 1,180 |
| Total Expenses | 10.9% | 3,194 | 2,880 | 2,335 | 1,059 | 647 | 1,609 |
| Profit Before exceptional items and Tax | 9.9% | 1,709 | 1,555 | 1,327 | 894 | 221 | 744 |
| Exceptional items before tax | 179% | 48 | -58.53 | 27 | -4 | 39 | 1.11 |
| Total profit before tax | 17.5% | 1,757 | 1,496 | 1,354 | 890 | 261 | 745 |
| Current tax | 34.7% | 533 | 396 | 385 | 246 | 77 | 200 |
| Deferred tax | -680.6% | -90.96 | -10.78 | -36.56 | -19.87 | -6.25 | 17 |
| Total tax | 14.8% | 442 | 385 | 348 | 226 | 71 | 217 |
| Total profit (loss) for period | 18.4% | 1,315 | 1,111 | 1,006 | 664 | 190 | 529 |
| Other comp. income net of taxes | -237.7% | -1.33 | 0.31 | 2.21 | 4.38 | 3.23 | -3.69 |
| Total Comprehensive Income | 18.1% | 1,313 | 1,112 | 1,008 | 668 | 193 | 525 |
| Earnings Per Share, Basic | 19.7% | 16.43 | 13.89 | 12.57 | 8.3 | 2.374 | 6.608 |
| Earnings Per Share, Diluted | 19.7% | 16.43 | 13.89 | 12.57 | 8.3 | 2.374 | 6.608 |
| 663 |
| 669 |
| 217 |
| 226 |
| 213 |
| 224 |
| Capital work-in-progress | -76.3% | 7.16 | 27 | 466 | 443 | 43 | 34 |
| Investment property | 108% | 53 | 26 | 26 | 26 | 26 | 27 |
| Non-current investments | 0% | 25 | 25 | 15 | 0 | 0 | 0 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 0% | 26 | 26 | 15 | 16 | 0.25 | 0.11 |
| Total non-current assets | 1.4% | 1,160 | 1,144 | 992 | 962 | 851 | 736 |
| Total assets | 12.2% | 7,631 | 6,799 | 6,800 | 6,091 | 5,550 | 5,089 |
| Total non-current financial liabilities | -13.5% | 148 | 171 | 90 | 96 | 105 | 97 |
| Provisions, non-current | -3.9% | 123 | 128 | 130 | 116 | 111 | 105 |
| Total non-current liabilities | -9.6% | 301 | 333 | 241 | 230 | 237 | 219 |
| Total current financial liabilities | 1.3% | 1,464 | 1,445 | 1,569 | 1,573 | 1,326 | 1,232 |
| Provisions, current | 0% | 34 | 34 | 32 | 30 | 30 | 28 |
| Current tax liabilities | - | 0 | - | 0 | 0 | 0 | 0 |
| Total current liabilities | 9.5% | 3,070 | 2,803 | 3,035 | 2,631 | 2,467 | 2,391 |
| Total liabilities | 7.5% | 3,371 | 3,136 | 3,277 | 2,861 | 2,704 | 2,610 |
| Equity share capital | 0% | 160 | 160 | 160 | 160 | 160 | 160 |
| Total equity | 16.3% | 4,260 | 3,663 | 3,523 | 3,230 | 2,846 | 2,478 |
| Total equity and liabilities | 12.2% | 7,631 | 6,799 | 6,800 | 6,091 | 5,550 | 5,089 |
| - |
| 0 |
| 0 |
| 0 |
| 3.36 |
| - |
| - |
| Interest received | - | 0 | 0 | 0 | 51 | - | - |
| Income taxes paid (refund) | -7.4% | 415 | 448 | 429 | 279 | - | - |
| Net Cashflows From Operating Activities | -5.4% | 834 | 882 | 669 | 331 | - | - |
| Cashflows used in obtaining control of subsidiaries | -35.7% | 10 | 15 | 0 | 0 | - | - |
| Proceeds from sales of PPE | 65.2% | 0.68 | 0.08 | 0.15 | 0.61 | - | - |
| Purchase of property, plant and equipment | -79.7% | 48 | 232 | 239 | 22 | - | - |
| Purchase of other long-term assets | -116.4% | 0 | 7.11 | 0 | 30 | - | - |
| Dividends received | - | 0 | 0 | 2.05 | 0 | - | - |
| Interest received | 34.9% | 144 | 107 | 60 | 0 | - | - |
| Other inflows (outflows) of cash | -379% | -326.63 | -67.4 | 2.35 | 2.35 | - | - |
| Net Cashflows From Investing Activities | -11.2% | -239.48 | -215.35 | -173.61 | -49.19 | - | - |
| Payments of lease liabilities | -37.8% | 24 | 38 | 34 | 18 | - | - |
| Dividends paid | 144.8% | 880 | 360 | 400 | 240 | - | - |
| Interest paid | -7.3% | 5.69 | 6.06 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -124.7% | -909.8 | -404.33 | -434.35 | -258.15 | - | - |
| Net change in cash and cash eq. | -221.3% | -315.55 | 262 | 61 | 23 | - | - |
Analyst / Investor Meet • 06 Feb 2026 Please find attached herewith intimation regarding Earning Conference Call on Q3FY26 Results. |
Analysis of Indian Railway Catering & Tourism Corp's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Catering | 45.5% | 661.4 Cr |
| Interent Ticketing | 27.6% | 400.6 Cr |
| Tourism | 19.9% | 289.3 Cr |
| Rail Neer | 7.1% | 102.8 Cr |
| Total | 1.5 kCr |