Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:06 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542830 | NSE: IRCTC

Indian Railway Catering & Tourism Corporation Ltd (IRCTC): Intrinsic Value & Share Price Analysis

Fair Value

₹476.42Fairly Valued by 6.77%vs CMP ₹511.00

P/E (29.6) × ROE (37.2%) × BV (₹53.20) × DY (1.66%)

₹271.01Overvalued by 46.96%vs CMP ₹511.00
MoS: -88.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹555.7623%Fair (+8.8%)
Graham NumberEarnings₹145.9717%Over (-71.4%)
Earnings PowerEarnings₹116.4311%Over (-77.2%)
DCFCash Flow₹383.5111%Over (-24.9%)
Net Asset ValueAssets₹53.237%Over (-89.6%)
EV/EBITDAEnterprise₹239.539%Over (-53.1%)
Earnings YieldEarnings₹178.007%Over (-65.2%)
ROCE CapitalReturns₹224.869%Over (-56%)
Revenue MultipleRevenue₹87.626%Over (-82.9%)
Consensus (9 models)₹271.01100%Overvalued
Key Drivers: Wide model spread (₹53–₹556) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.7%

*Investments are subject to market risks

Investment Snapshot

69
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 49.0% ExcellentROE 37.2% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 62.4% Stable
Earnings Quality40/100 · Moderate
OPM contracting (42% → 34%) Declining
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +15% YoY Positive
Industry Rank85/100 · Strong
P/E 29.6 vs industry 30.7 In-lineROCE 49.0% vs industry 26.5% Above peersROE 37.2% vs industry 22.0% Above peers3Y sales CAGR: 36% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:06 am

Market Cap 40,896 Cr.
Current Price 511
Intrinsic Value₹271.01
High / Low 820/493
Stock P/E29.6
Book Value 53.2
Dividend Yield1.66 %
ROCE49.0 %
ROE37.2 %
Face Value 2.00
PEG Ratio1.78

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) 40,896 Cr. 511 820/49329.6 53.21.66 %49.0 %37.2 % 2.00
BLS International Services Ltd 10,516 Cr. 255 422/21816.3 51.70.78 %33.6 %34.3 % 1.00
Thomas Cook (India) Ltd 4,505 Cr. 95.8 188/86.217.9 50.20.47 %18.7 %11.9 % 1.00
Easy Trip Planners Ltd 2,335 Cr. 6.42 13.5/5.7788.8 2.380.00 %20.9 %16.2 % 1.00
Autoriders International Ltd 160 Cr. 460 1,031/61.216.5 1540.04 %19.5 %20.0 % 10.0
Industry Average11,682.40 Cr221.5230.7052.100.49%26.50%22.02%2.67

All Competitor Stocks of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9189651,0029921,1181,1551,1181,0641,2251,2691,1601,1461,449
Expenses 592640659626724792743691808883762742984
Operating Profit 326325343367394363375373417385397404465
OPM % 35%34%34%37%35%31%34%35%34%30%34%35%32%
Other Income 3265-13473141546056107616981
Interest 5444553338445
Depreciation 10111414141614131312121112
Profit before tax 343375312395406382412417457472442457529
Tax % 25%26%26%25%26%26%25%26%25%24%25%25%25%
Net Profit 256279232295300284308308341358330342394
EPS in Rs 3.193.482.903.683.753.553.853.854.274.474.134.274.93

Last Updated: March 4, 2026, 9:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0591,3671,5201,4661,8702,2647771,8793,5414,2604,6755,024
Expenses 9071,1761,2061,1921,4871,5625891,0052,2652,7943,1243,371
Operating Profit 1521903142743837031888741,2761,4661,5511,652
OPM % 14%14%21%19%20%31%24%47%36%34%33%33%
Other Income 8213967991267712472148106276317
Interest 003321081116191721
Depreciation 202122242940464954575348
Profit before tax 2143093553464797302588851,3541,4961,7571,900
Tax % 39%39%35%36%36%30%27%26%26%26%25%
Net Profit 1311892292213095131876601,0061,1111,3151,425
EPS in Rs 13.0618.8611.4511.033.866.412.348.2412.5713.8916.4317.80
Dividend Payout % 20%40%49%21%98%39%43%42%44%47%49%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)44.27%21.16%-3.49%39.82%66.02%-63.55%252.94%52.42%10.44%18.36%
Change in YoY Net Profit Growth (%)0.00%-23.11%-24.66%43.31%26.20%-129.57%316.49%-200.52%-41.99%7.92%

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:16%
3 Years:36%
TTM:8%
Compounded Profit Growth
10 Years:26%
5 Years:20%
3 Years:25%
TTM:10%
Stock Price CAGR
10 Years:%
5 Years:21%
3 Years:0%
1 Year:-25%
Return on Equity
10 Years:36%
5 Years:37%
3 Years:40%
Last Year:37%

Last Updated: September 5, 2025, 7:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 20204040160160160160160160160160
Reserves 4245227479159111,1541,2961,7102,3183,0703,5034,100
Borrowings 0000007910584609078
Other Liabilities 7188951,0401,3651,5231,9281,6181,9092,5262,8013,0463,292
Total Liabilities 1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,631
Fixed Assets 155159170190182285311335351343813821
CWIP 16141784016242634443277
Investments 00000000002525
Other Assets 9901,2641,6392,1222,3722,9412,8183,5224,7045,3065,9346,777
Total Assets 1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,631

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6928833824499409248524812882834
Cash from Investing Activity + -4679440-3538-453-242-317-215-239
Cash from Financing Activity + -17-31-136-57-179-280-47-258-434-404-910
Net Cash Flow 62632967-33137-2522361262-316
Free Cash Flow -1266306-11445374170503744650787
CFO/OP 91%208%152%55%173%95%167%92%97%91%80%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow152.00190.00314.00274.00383.00703.00109.00769.00-83.00-59.00-89.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 514370137115125245111118118135
Inventory Days 1513111123265027181615
Days Payable 62802372185684514,4922,3911,5951,4831,371
Cash Conversion Cycle 4-24-157-70-430-300-4,197-2,252-1,459-1,349-1,221
Working Capital Days -20-51-35-10-65-35-137-2932056
ROCE %63%54%40%44%62%16%51%59%54%49%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%
FIIs 6.53%6.99%7.11%7.34%8.08%7.78%7.54%7.45%7.37%7.28%7.27%7.19%
DIIs 10.06%9.92%10.53%11.98%12.72%13.74%13.92%13.73%13.89%14.16%14.18%14.02%
Public 21.01%20.68%19.97%18.28%16.79%16.06%16.14%16.43%16.35%16.17%16.16%16.39%
No. of Shareholders 21,28,34820,80,26420,26,79819,28,85119,10,30719,28,71619,24,34619,59,52119,94,64219,58,66919,25,77019,02,499

Shareholding Pattern Chart

No. of Shareholders

Indian Railway Catering & Tourism Corporation Ltd (IRCTC): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Large & Mid Cap Fund 4,438,278 1.01 276.533,346,5032026-02-23 04:30:4332.62%
ICICI Prudential Multicap Fund 1,971,579 0.78 122.84N/AN/AN/A
ICICI Prudential Equity & Debt Fund 1,429,482 0.18 89.06978,4802025-12-15 02:06:0646.09%
ICICI Prudential PSU Equity Fund 837,365 2.71 52.17809,3652026-01-26 02:17:483.46%
ICICI Prudential Transportation and Logistics Fund 756,222 1.6 47.12N/AN/AN/A
ICICI Prudential MidCap Fund 676,816 0.61 42.17N/AN/AN/A
Aditya Birla Sun Life PSU Equity Fund 469,586 0.51 29.26537,7092026-01-26 02:17:48-12.67%
UTI Multi Asset Allocation Fund 289,477 0.26 18.04288,2322026-02-23 04:30:430.43%
Invesco India PSU Equity Fund 257,429 1.08 16.04N/AN/AN/A
HDFC Large and Mid Cap Fund 152,360 0.03 9.49N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 2.002.002.00
Basic EPS (Rs.) 16.4413.8912.57
Diluted EPS (Rs.) 16.4413.8912.57
Cash EPS (Rs.) 17.0914.6013.24
Book Value[Excl.RevalReserv]/Share (Rs.) 45.7940.3730.98
Book Value[Incl.RevalReserv]/Share (Rs.) 45.7940.3730.98
Revenue From Operations / Share (Rs.) 58.4353.3844.27
PBDIT / Share (Rs.) 22.2420.3817.46
PBIT / Share (Rs.) 21.5819.6716.79
PBT / Share (Rs.) 21.9718.7016.93
Net Profit / Share (Rs.) 16.4413.8912.57
NP After MI And SOA / Share (Rs.) 16.4413.8912.57
PBDIT Margin (%) 38.0538.1839.43
PBIT Margin (%) 36.9236.8437.91
PBT Margin (%) 37.5935.0338.23
Net Profit Margin (%) 28.1226.0128.40
NP After MI And SOA Margin (%) 28.1226.0128.40
Return on Networth / Equity (%) 35.8934.4040.58
Return on Capital Employeed (%) 43.1945.4749.78
Return On Assets (%) 19.3318.2419.76
Asset Turnover Ratio (%) 0.720.760.00
Current Ratio (X) 2.031.951.82
Quick Ratio (X) 2.021.951.82
Inventory Turnover Ratio (X) 421.847.000.00
Dividend Payout Ratio (NP) (%) 66.9232.4039.76
Dividend Payout Ratio (CP) (%) 64.3530.8137.74
Earning Retention Ratio (%) 33.0867.6060.24
Cash Earning Retention Ratio (%) 35.6569.1962.26
Interest Coverage Ratio (X) 105.3187.4586.68
Interest Coverage Ratio (Post Tax) (X) 76.0163.7361.74
Enterprise Value (Cr.) 56013.9672118.3543909.18
EV / Net Operating Revenue (X) 11.9816.8912.40
EV / EBITDA (X) 31.4944.2331.44
MarketCap / Net Operating Revenue (X) 12.4417.4212.94
Retention Ratios (%) 33.0767.5960.23
Price / BV (X) 15.8823.0318.50
Price / Net Operating Revenue (X) 12.4417.4212.94
EarningsYield 0.020.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indian Railway Catering & Tourism Corporation Ltd. is a Public Limited Listed company incorporated on 27/09/1999 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1999GOI101707 and registration number is 101707. Currently Company is involved in the business activities of Restaurants and mobile food service activities. Company's Total Operating Revenue is Rs. 4674.77 Cr. and Equity Capital is Rs. 160.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Travel/Tourism/Amusement Park4th Floor, Tower-D, New Delhi Delhi 110029Contact not found
Management
NamePosition Held
Mr. Sanjay Kumar JainChairman & Managing Director
Mr. Sudhir KumarDirector - Finance
Mr. Manoj Kumar SharmaDirector
Mr. Rahul HimalianDirector
Mr. Namgyal WangchukIndependent Director
Mr. Sanjay GaurIndependent Director
Mr. Devendra Pal BhartiIndependent Director
Mr. Shivendra ShuklaGovernment Nominee Director
Mr. Manoj Kumar GangeyaGovernment Nominee Director

FAQ

What is the intrinsic value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) and is it undervalued?

As of 11 April 2026, Indian Railway Catering & Tourism Corporation Ltd (IRCTC)'s intrinsic value is ₹271.01, which is 46.96% lower than the current market price of ₹511.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (37.2 %), book value (₹53.2), dividend yield (1.66 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is trading at ₹511.00 as of 11 April 2026, with a FY2026-2027 high of ₹820 and low of ₹493. The stock is currently near its 52-week low. Market cap stands at ₹40,896 Cr..

How does Indian Railway Catering & Tourism Corporation Ltd (IRCTC)'s P/E ratio compare to its industry?

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) has a P/E ratio of 29.6, which is below the industry average of 30.70. This is broadly in line with or below the industry average.

Is Indian Railway Catering & Tourism Corporation Ltd (IRCTC) financially healthy?

Key indicators for Indian Railway Catering & Tourism Corporation Ltd (IRCTC): ROCE of 49.0 % indicates efficient capital utilization; ROE of 37.2 % shows strong shareholder returns. Dividend yield is 1.66 %.

Is Indian Railway Catering & Tourism Corporation Ltd (IRCTC) profitable and how is the profit trend?

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) reported a net profit of ₹1,315 Cr in Mar 2025 on revenue of ₹4,675 Cr. Compared to ₹660 Cr in Mar 2022, the net profit shows an improving trend.

Does Indian Railway Catering & Tourism Corporation Ltd (IRCTC) pay dividends?

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) has a dividend yield of 1.66 % at the current price of ₹511.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Railway Catering & Tourism Corporation Ltd (IRCTC). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports