Leisure Services
Valuation | |
|---|---|
| Market Cap | 49.6 kCr |
| Price/Earnings (Trailing) | 36.15 |
| Price/Sales (Trailing) | 9.84 |
| EV/EBITDA | 25.84 |
| Price/Free Cashflow | 75.43 |
| MarketCap/EBT | 27.14 |
| Enterprise Value | 49 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -0.50% |
| Price Change 1M | -7.8% |
| Price Change 6M | -13.8% |
| Price Change 1Y | -20.9% |
| 3Y Cumulative Return | -0.90% |
| 5Y Cumulative Return | 14.8% |
Cash Flow & Liquidity | |
|---|---|
| Revenue (TTM) |
| 5.04 kCr |
| Rev. Growth (Yr) | 7.5% |
| Earnings (TTM) | 1.37 kCr |
| Earnings Growth (Yr) | 11% |
Profitability | |
|---|---|
| Operating Margin | 35% |
| EBT Margin | 36% |
| Return on Equity | 32.2% |
| Return on Assets | 17.98% |
| Free Cashflow Yield | 1.33% |
| 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 | 602.81 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 | 91.18 |
| Interest/Cashflow Ops | 44.71 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 9 |
| Dividend Yield | 1.45% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
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%.
Momentum: Stock is suffering a negative price momentum. Stock is down -7.8% in last 30 days.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.9% return compared to 13.2% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
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%.
Momentum: Stock is suffering a negative price momentum. Stock is down -7.8% in last 30 days.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.9% return compared to 13.2% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 1.45% |
| Dividend/Share (TTM) | 9 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 17.15 |
Financial Health | |
|---|---|
| Current Ratio | 2.11 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 46.82 |
| RSI (5d) | 44.38 |
| RSI (21d) | 34.3 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| 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.
Management provided a positive outlook during the Q2 FY'26 earnings call, highlighting a stable and profitable quarter, with a profit after tax of Rs. 342 crores, reflecting an 11% year-on-year growth. Revenue from operations was reported at Rs. 1,146 crores, a 7.71% increase from Rs. 1,064 crores in the previous year. EBITDA increased by 8.31% to Rs. 404 crores, with an EBITDA margin of 35.25%, up from 35.05% in Q2 FY'25.
Key forward-looking points included plans to enhance digital offerings and service efficiency. The management aims to strengthen their digital ecosystem and implement a unified travel portal to cross-sell products. Notably, a payment aggregator business is in the works, having received in-principle approval from RBI, with plans to submit a final proposal by the end of January 2026. This segment is viewed as a significant growth driver for IRCTC.
Management emphasized their commitment to maintaining margins amidst rising costs by focusing on volume growth rather than price hikes. In the catering segment, despite 7% growth attributed to new models like prepaid catering in Amrit Bharat trains, they recognized the need for operational strategies to drive further profitability.
The tourism segment reported impressive revenue growth of 20.97% year-on-year, reaching Rs. 150 crores, with an improved EBITDA margin of around 7%. The introduction of MICE events is intended to diversify revenue streams further.
Overall, management expressed confidence in sustaining growth driven by robust operational fundamentals and expanding service offerings, aiming for a strong performance in Q3 and Q4.
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. | 97.25 kCr | 9.3 kCr | -4.50% | -13.50% | 57.7 | 10.45 | - | - |
| RVNL | Rail Vikas Nigam | 65.49 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.
| Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
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.
Analyst / Investor Meet • 06 Feb 2026 Please find attached herewith intimation regarding Earning Conference Call on Q3FY26 Results. |
Change in Management • 03 Feb 2026 Intimation regarding change in Senior Management -- Appointment. |
Change in Directorate • 16 Jan 2026 Please find attached herewith intimation regarding cessation of directorship on the board of the Company. |
General • 09 Jan 2026 Please find attached herewith intimation regarding Board Comments on fines levied by the exchanges for the quarter ended 30.09.2025. |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 06 Jan 2026 Please find attached herewith the Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended on December 31, 2025. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question 1: "Looking beyond the quarter numbers, what is the bigger plan for IRCTC as digital platforms, tourism, and catering evolve? How are you planning to build a lasting edge?"
Answer 1: We are focusing on two major initiatives: a payment aggregator business, for which we received in-principle RBI approval, and a unified travel portal aimed at enhancing customer experience. This portal will facilitate cross-selling and incorporate AI/ML to create a seamless travel experience.
Question 2: "When cost rises, how do you ensure margins stay ahead without slowing down growth?"
Answer 2: We primarily aim to increase volume rather than prices. Our strategy is to deliver affordable products to achieve scale, like selling Rail Neer at Rs. 14 and full meals at Rs. 80, ensuring that we maintain profitability even with cost fluctuations.
Question 3: "What is the growth in catering attributable to the prepaid catering in the Amrit Bharat Train? How many Amrit Bharat trains are currently serviced?"
Answer 3: Currently, we are serving 1,318 trains, including 15 Amrit Bharat trains. While these trains are not on the prepaid model yet, we anticipate benefits once the system is fully operational.
Question 4: "Can you provide clarification on the exceptional item related to the Tejas Express train?"
Answer 4: The exceptional item pertains to a discount from Indian Railways on haulage charges for Tejas Express, amounting to Rs. 5.8 crore. This reduced rate will apply moving forward.
Question 5: "Can you update us on the Rail Neer business and new capacity expected in the next 12 months?"
Answer 5: The Bilaspur plant will soon be operational, adding capacity for 72,000 bottles per day. We are also enhancing capacity at our Danapur and Ambernath plants from 1 lakh to 3 lakh bottles, with plans for four more plants across India.
Question 6: "What is the status of booking trends for the Maharajas' Express?"
Answer 6: We are seeing a positive booking trend, and we expect to achieve the highest-ever bookings for Maharajas' Express this year. The momentum from Q1 continues into Q2.
Question 7: "Can you share the AC, non-AC ticketing mix for Q2?"
Answer 7: In Q2, AC tickets accounted for 6.75 crore out of the total 13.55 crore tickets booked, while non-AC tickets made up the remaining 6.8 crore.
These answers encapsulate the major inquiries and insights provided during the conference call, detailing strategies and metrics reflecting IRCTC's performance and outlook.
Distribution across major institutional holders
| 21.02 kCr |
| -12.10% |
| -22.10% |
| 57.11 |
| 3.12 |
| - |
| - |
| MHRIL | Mahindra Holidays & Resorts India | 5.93 kCr | 3.08 kCr | -3.40% | -17.00% | 58.51 | 1.93 | - | - |
| THOMASCOOK | Thomas Cook (India) | 5.19 kCr | 8.77 kCr | -22.20% | -23.50% | 20.99 | 0.59 | - | - |
| EASEMYTRIP | Easy Trip Planners | 2.42 kCr | 543.24 Cr | -8.60% | -48.50% | 15.11 | 4.45 | - | - |
| YATRA | YATRA ONLINE | 2.31 kCr | 1.04 kCr | -14.60% | +57.40% | 41.63 | 2.22 | - | - |
| 758 |
| 779 |
| 903 |
| 825 |
| 707 |
| 762 |
| Profit Before exceptional items and Tax | 2% | 451 | 442 | 427 | 457 | 417 | 410 |
| Exceptional items before tax | - | 5.8 | 0 | 46 | 0 | 0 | 2.21 |
| Total profit before tax | 3.4% | 457 | 442 | 472 | 457 | 417 | 412 |
| Current tax | 4.2% | 125 | 120 | 162 | 116 | 150 | 106 |
| Deferred tax | -13.5% | -9.35 | -8.12 | -47.87 | -0.54 | -40.89 | -1.66 |
| Total tax | 3.6% | 115 | 111 | 114 | 115 | 109 | 104 |
| Total profit (loss) for period | 3.3% | 342 | 331 | 358 | 341 | 308 | 308 |
| Other comp. income net of taxes | 238.7% | 3.1 | 1.62 | -0.73 | 1.5 | -2.37 | 0.28 |
| Total Comprehensive Income | 3.9% | 345 | 332 | 358 | 343 | 306 | 308 |
| Earnings Per Share, Basic | 4.8% | 4.28 | 4.13 | 4.48 | 4.26 | 3.85 | 3.85 |
| Earnings Per Share, Diluted | 4.8% | 4.28 | 4.13 | 4.48 | 4.26 | 3.85 | 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 | - | - |
Change in Management • 26 Dec 2025 Intimation regarding change in Senior Management -- Cessation. |
Analysis of Indian Railway Catering & Tourism Corp's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Catering | 45.2% | 519.7 Cr |
| Internet Ticketing | 33.6% | 385.9 Cr |
| Tourism | 13.0% | 149.5 Cr |
| Railneer |
| 8.2% |
| 94.1 Cr |
| Total | 1.1 kCr |