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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 542830 | NSE: IRCTC

Fundamental Analysis of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

About the Company - Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

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 Data processing, hosting and related activities; web portals. Company’s Total Operating Revenue is Rs. 1879.48 Cr. and Equity Capital is Rs. 160.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Travel/Tourism/Amusement Park11th Floor, Statesman House, New Delhi Delhi 110001investors@irctc.com
http://www.irctc.com
Management
NamePosition Held
Mrs. Seema KumarChairman & Managing Director
Mr. Ajit KumarDirector - Finance & CFO
Mr. Kamlesh Kumar MishraDirector
Dr. Lokiah RavikumarDirector
Mr. Vinay Kumar SharmaIndependent Director
Mr. Namgyal WangchukIndependent Director
Mr. Devendra Pal BhartiIndependent Director
Mr. Neeraj SharmaGovernment Nominee Director
Mr. Manoj Kumar GangeyaGovernment Nominee Director

Basic Stock Data of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

Last Updated: June 22, 2024, 10:41 pm

Market Cap 80,984 Cr.
Current Price 1,012
High / Low1,148/614
Stock P/E70.2
Book Value 40.4
Dividend Yield0.54 %
ROCE53.8 %
ROE40.4 %
Face Value 2.00
PEG Ratio4.23

Competitors of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Thomas Cook (India) Ltd 11,048 Cr. 235248/73.542.6 43.70.17 %19.0 %13.7 % 1.00
Autoriders International Ltd 3.71 Cr. 75.875.8/30.10.39 6620.66 %26.9 %34.0 % 10.0
Industry Average5,525.86 Cr155.4021.50352.850.42%22.95%23.85%5.50

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2243392434055406918538069189651,0029951,118
Expenses130194132193261412532501592640659629724
Operating Profit95145112212279279321305326325343367394
OPM %42%43%46%52%52%40%38%38%35%34%34%37%35%
Other Income21171516162224263265-134731
Interest1442232554445
Depreciation10191112121414191011141414
Profit before tax104139111214282283329307343375312395406
Tax %25%25%26%26%26%25%25%26%25%26%26%25%26%
Net Profit7810483159209214246226256279232295300
EPS in Rs0.981.301.031.982.612.673.072.833.193.482.903.683.75

Last Updated: June 7, 2024, 8:54 am

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Quarterly Chart

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0591,3671,5201,4661,8702,2647771,8793,5413,880
Expenses9071,1761,2061,1921,4871,5625891,0052,2652,520
Operating Profit1521903142743837031888741,2761,360
OPM %14%14%21%19%20%31%24%47%36%35%
Other Income8213967991267712472148132
Interest00332108111617
Depreciation20212224294046495449
Profit before tax2143093553464797302588851,3541,425
Tax %39%39%35%36%36%30%27%26%26%
Net Profit1311892292213095131876601,0061,061
EPS in Rs13.0618.8611.4511.033.866.412.348.2412.5713.25
Dividend Payout %20%40%49%21%98%39%43%42%44%

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)44.27%21.16%-3.49%39.82%66.02%-63.55%252.94%52.42%
Change in YoY Net Profit Growth (%)0.00%-23.11%-24.66%43.31%26.20%-129.57%316.49%-200.52%

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Growth

Compounded Sales Growth
10 Years:%
5 Years:19%
3 Years:16%
TTM:25%
Compounded Profit Growth
10 Years:%
5 Years:35%
3 Years:24%
TTM:21%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:47%
1 Year:73%
Return on Equity
10 Years:%
5 Years:35%
3 Years:35%
Last Year:45%

Last Updated: April 15, 2024, 12:41 pm

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20204040160160160160160160
Reserves4245227479159111,1541,2961,7102,3182,686
Borrowings000000791058467
Other Liabilities7188951,0401,3651,5231,9281,6181,9092,5262,637
Total Liabilities1,1621,4371,8262,3192,5943,2413,1533,8845,0895,550
Fixed Assets155159170190182285311335351333
CWIP1614178401624263443
Investments0000000000
Other Assets9901,2641,6392,1222,3722,9412,8183,5224,7045,174
Total Assets1,1621,4371,8262,3192,5943,2413,1533,8845,0895,550

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Reserves and Borrowings Chart

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6928833824499409248524810
Cash from Investing Activity -4679440-3538-453-242-315
Cash from Financing Activity -17-31-136-57-179-280-47-258-434
Net Cash Flow62632967-33137-2522361

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days514370137115125245111118117
Inventory Days15131111232650271816
Days Payable62802372185684514,4922,3911,5951,483
Cash Conversion Cycle4-24-157-70-430-300-4,197-2,252-1,459-1,350
Working Capital Days-20-51-35-10-65-35-128-25522
ROCE %63%54%40%44%62%16%51%59%

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Financial Efficiency Indicators Chart

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters67.40%67.40%67.40%67.40%67.40%67.40%62.40%62.40%62.40%62.40%62.40%62.40%
FIIs8.07%7.81%7.06%6.42%5.87%5.81%6.84%6.53%6.99%7.11%7.34%8.08%
DIIs11.29%8.48%4.69%5.22%5.32%5.57%8.73%10.06%9.92%10.53%11.98%12.72%
Public13.25%16.31%20.86%20.96%21.42%21.23%22.03%21.01%20.68%19.97%18.28%16.79%
No. of Shareholders5,79,3458,84,02120,62,02421,85,50422,42,51322,18,73421,61,32721,28,34820,80,26420,26,79819,28,85119,10,307

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Shareholding Pattern Chart

No. of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Shareholders

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Arbitrage Opportunities Fund2,476,2500.91241.982,476,2502024-06-220%
Canara Robeco Emerging Equities2,318,2761.14226.542,476,2502024-06-22-6.38%
Kotak Equity Arbitrage Fund - Regular Plan1,884,7500.51184.182,476,2502024-06-22-23.89%
Tata Arbitrage Fund1,461,2501.48142.792,476,2502024-06-22-40.99%
Aditya Birla Sun Life Arbitrage Fund1,215,3751.21118.772,476,2502024-06-22-50.92%
Nippon India Arbitrage Fund1,213,6250.91118.62,476,2502024-06-22-50.99%
Invesco India Arbitrage Fund992,2500.7596.962,476,2502024-06-22-59.93%
Bandhan Arbitrage Fund814,6251.4879.612,476,2502024-06-22-67.1%
Nippon India ETF Nifty Next 50 Junior BeES769,2791.7875.172,476,2502024-06-22-68.93%
Edelweiss Arbitrage Fund752,5000.973.532,476,2502024-06-22-69.61%

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) ROCE Trend

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) EPS Trend

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Key Financial Ratios

MonthMar 24
FaceValue2.00
Basic EPS (Rs.)13.89
Diluted EPS (Rs.)13.89
Cash EPS (Rs.)14.60
Book Value[Excl.RevalReserv]/Share (Rs.)40.37
Book Value[Incl.RevalReserv]/Share (Rs.)40.37
Revenue From Operations / Share (Rs.)53.38
PBDIT / Share (Rs.)20.38
PBIT / Share (Rs.)19.67
PBT / Share (Rs.)18.70
Net Profit / Share (Rs.)13.89
NP After MI And SOA / Share (Rs.)13.89
PBDIT Margin (%)38.18
PBIT Margin (%)36.84
PBT Margin (%)35.03
Net Profit Margin (%)26.01
NP After MI And SOA Margin (%)26.01
Return on Networth / Equity (%)34.40
Return on Capital Employeed (%)45.47
Return On Assets (%)18.24
Current Ratio (X)1.95
Quick Ratio (X)1.95
Interest Coverage Ratio (X)87.45
Interest Coverage Ratio (Post Tax) (X)63.73
Enterprise Value (Cr.)72118.35
EV / Net Operating Revenue (X)16.89
EV / EBITDA (X)44.23
MarketCap / Net Operating Revenue (X)17.42
Price / BV (X)23.03
Price / Net Operating Revenue (X)17.42
EarningsYield0.01

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Profitability Ratios (%)

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Liquidity Ratios

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Liquidity Ratios (%)

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Interest Coverage Ratios (X)

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Valuation Ratios

Fair Value

Fair Value: 1,151.96

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 13.83% compared to the current price 1012

Intrinsic Value: 1,343.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 32.72% compared to the current price ₹1012

Last 5 Year EPS CAGR: 16.59%

*Investments are subject to market risks

Strength and Weakness of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

StrengthWeakness
  1. The stock has a high average ROCE of 38.90%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -34.20, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -98.50, which is a positive sign.
  4. The company has higher reserves (1,268.30 cr) compared to borrowings (33.50 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (79.20 cr) and profit (357.80 cr) over the years.

    Should I Buy Indian Railway Catering & Tourism Corporation Ltd (IRCTC) Share Now?

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Indian Railway Catering & Tourism Corporation Ltd (IRCTC):
      1. Net Profit Margin: 26.01%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 45.47% (Industry Average ROCE: 40.35%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 34.40% (Industry Average ROE: 37.2%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 63.73
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 1.95
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. ✗ Stock P/E: 70.2 (Industry average Stock P/E: 35.85)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. ✗ Total Debt / Equity: N/A
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    FAQ

    What is the latest fair value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The latest fair value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is ₹1151.96.

    What is the Market Cap of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The Market Cap of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 80,984 Cr..

    What is the current Stock Price of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) as on 23 June 2024?

    The current stock price of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) as on 23 June 2024 is ₹1,012.

    What is the High / Low of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) stocks in FY 2024?

    In FY 2024, the High / Low of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) stocks is 1,148/614.

    What is the Stock P/E of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The Stock P/E of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 70.2.

    What is the Book Value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The Book Value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 40.4.

    What is the Dividend Yield of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The Dividend Yield of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 0.54 %.

    What is the ROCE of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The ROCE of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 53.8 %.

    What is the ROE of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The ROE of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 40.4 %.

    What is the Face Value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC)?

    The Face Value of Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is 2.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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