IRCTC Share: Should You Invest In IRCTC Share?

IRCTC is a Mini Ratna (Category-I) Central Public Sector Enterprise that falls under the Ministry of Railways of the Government of India.

IRCTC was established on September 27th, 1999 as an extension of the Indian Railways to improve, professionalise, and manage the catering and hospitality services at stations, on trains, and other locations as well as to promote domestic and foreign tourism through the creation of low-cost accommodations, unique tour packages, marketing and advertising campaigns, and international reservation systems.

IRCTC SHARE BSE Code	542830
IRCTC SHARE NSE Code	IRCTC

About (IRCTC) Indian Railway Catering And Tourism Corporation Ltd

The only organisation permitted by Indian Railways to offer catering services to railways, online train tickets, and packaged drinking water at railway stations and trains in India is the company, which is a Central Public Sector Enterprise wholly owned by the Government of India and administered by the Ministry of Railways.

It was established with the goal of modernising and upgrading catering and hospitality services, administering hospitality services at train stations, on trains, and other sites, and promoting domestic and international travel in India through public-private partnerships. On May 1, 2008, the Indian government granted it the status of Mini-ratna (Category-I Public Sector Enterprise).

Business Area Of IRCTC

The business runs www.irctc.co.in, one of the Asia-Pacific region’s busiest websites for online transactions. In keeping with its goal to create a “one stop solution” for its consumers, it has also expanded into other companies, such as non-railway meals and services like e-catering, executive lounges, and cheap hotels.

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IRCTC Awards

• The business’s travel website won the National Tourism Award in 2008.
• the 2013–2014 recipient of the Dainik Bhaskar India Pride Award for Excellence in the Consumer Industry.
• 2014: Recognized as the most visited website in the area of travel & leisure by Website of the Year India.
• 2015: Received the Star Retailer Awards 2015, 10th Awards for Excellence in Retailing’s Most Innovative e-Retailer of the Year honour.
• IRCTC Connect, a corporate mobile app, won the Mobillion Award for “Best Use of Mobile App” in 2015.
• 2015: In Bali, Indonesia, the company’s train, Maharajas’ Express, received the “Seven Stars MMXII Luxury Hospitality and Lifestyle Award.”
• 2016: The New Next Generation e-Ticketing System won the Gold national award for e-governance 2015–16 from the Indian government in the area of “Innovative Use of ICT by Central Government PSUs.”
• 2016: Recognized by Fortune India as “One of the giants of tomorrow- The Next 500”.
• 2017: Certificate of appreciation for placing first overall with 97 points in Consumer Voice’s comparative product testing of bottled drinking water for “Rail Neer.”
• 2017: UBM India received a certificate of recognition at the Satte Awards for excellence in domestic tour operations.
• 2018: India Image Enhancement/Creating a Global Brand category winner of the Dainik Bhaskar India Pride Award.
• 2019: Certificate of Accreditation for adhering to the International Air Transport Association’s professional standards.

Major Events and Milestones Achieved by IRCTC

• 2002 saw the launch of online ticketing systems.
• 2008: Category-I Public Sector Enterprise awarded “Mini-Ratna Status.”
• 2015 saw the firm receive a certificate of certification for the train trip package (NDR 01) for Mata Vaishno Devi Darshan, demonstrating compliance with the quality management system of ISO 9001: 2008.
• 2017: A company’s position on the list of 500 Indian firms compiled by Fortune India.
• 2019: On September 30, IRCTC entered the stock market.
• IRCTC debuts an OTP-based refund scheme for e-tickets in 2019.
• IRCTC and the Northern India Hotel and Restaurant Association have a 2019 memorandum of understanding (HRANI)
• IRCTC and SBI Card will introduce a co-branded contactless credit card on the RuPay Platform in 2020.

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Profit & Loss Of IRCTC

Figures in Rs. Crores

Particulars	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Sales +	1,059	1,367	1,520	1,466	1,870	2,264	783	1,879
Expenses +	907	1,176	1,206	1,192	1,487	1,562	593	999
Operating Profit	152	190	314	274	383	703	190	881
OPM %	14%	14%	21%	19%	20%	31%	24%	47%
Other Income +	82	139	67	99	126	77	125	69
Interest	0	0	3	3	2	10	8	11
Depreciation	20	21	22	24	29	40	46	49
Profit before tax	214	309	355	346	479	730	261	890
Tax %	39%	39%	35%	36%	36%	30%	27%	25%
Net Profit	131	189	229	221	309	513	190	664
EPS in Rs			11.45	11.03	3.86	6.41	2.37	8.30
Dividend Payout %	20%	40%	49%	21%	98%	39%	42%	4%

Shareholding Of IRCTC

Numbers in percentages

Particulars	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
Promoters +	87.40	87.40	87.40	87.40	87.40	67.40	67.40	67.40	67.40	67.40	67.40
FIIs +	0.00	1.99	1.70	0.77	0.88	8.38	8.17	8.07	7.81	7.06	6.42
DIIs +	0.00	5.11	2.25	1.35	1.65	7.67	10.34	11.29	8.48	4.69	5.22
Public +	12.60	5.50	8.65	10.48	10.07	16.55	14.10	13.25	16.31	20.86	20.96

ICICI Direct: Sell IRCTC, target price Rs. 551.

With a target price of Rs. 551, ICICI Direct has issued a sell call on Indian Railway Catering & Tourism Corporation NSE. Indian Railway Catering & Tourism Corporation is now valued at Rs 573.75 on the open market. When Indian Railway Catering & Tourism Corporation Ltd NSE 0.66 percent’s price may achieve its objective, the time frame mentioned by the expert is Intra Day.

Incorporated in 1999, Indian Railway Catering & Tourism Corporation Ltd. is a mid-size business with a market valuation of Rs. 45940.00 Crore that works in the tourism and hospitality industry.

For the fiscal year ending March 31, 2021, the primary Products/Revenue Segments for Indian Railway Catering & Tourism Corporation Ltd. are Packaged Drinking Water, Other Services (Tour Income), Beverages & Food, Other Services, and Scrap.

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Financial Info: IRCTC Share

From the Market
52 Week Low / High (₹)	404.40 / 1278.60
All Time Low / High (₹)	125.00 / 1278.60
Market Cap (₹ Cr.)	47,704
Equity (₹ Cr.)	160
Face Value (₹)	2
Industry PE ⓘ	72.9

IRCTC Will Provide a Tourist Link Between India and Nepal – June 13, 2022.

Indian Railway Catering and Tourism Corporation (IRCTC) is prepared to establish a tourist train link between India and Nepal as part of the Bharat Gaurav programme. On June 21, the train will leave New Delhi for the Shri Ramayana Yatra Circuit.

The tourist train would leave from Delhi’s Safdarjung railway station and travel between India and Nepal via the Shri Ramayana Yatra Circuit for a journey of around 8,000 kilometres.

Ayodhya, Buxar, Janakpur, Sitamarhi, Kashi, Prayag, Chitrakoot, Nasik, Hampi, Rameshwaram, Kanchipuram, and Bhadrachalam are just a few of the significant towns that the 600-person train will go through.

The Indian Railway Catering and Tourism Corporation (IRCTC) is the only organisation permitted by the Indian Railroads to offer packaged drinking water, online train ticketing, and catering services to railways in India.

Important Financial Parameters Of IRCTC

Particulars	Mar’12	Mar’13	Mar’14	Mar’15	Mar’16	Mar’17	Mar’18	Mar’19	Mar’20	Mar’21
Return on Equity % ⓘ	21.3	23.6	23.8	33	38.3	32.2	25.5	28.1	43.2	13.2	39.6
Op. Profit Mgn % ⓘ	10.1	10.6	12.3	14.4	13.9	19.5	19.6	20.5	31	24.3	46.9
Net Profit Mgn % ⓘ	9.7	9.5	8.3	12.3	13.8	14	15	15.2	22.7	23.4	35.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	289	231	193	201	169	162	238	236	241	734	434
Cash Conv. Cycle ⓘ	53	10	28	31	7	-15	40	47	50	168	201

Quarterly Results Of IRCTC

Figures in Rs. Crores*

Particulars	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
Sales +	459	513	716	576	131	89	224	339	243	405	540	691
Expenses +	356	371	450	387	175	94	130	194	132	193	261	412
Operating Profit	103	142	266	189	-44	-6	95	145	112	212	279	279
OPM %	23%	28%	37%	33%	-33%	-6%	42%	43%	46%	52%	52%	40%
Other Income +	18	22	19	20	25	63	21	17	15	16	16	22
Interest	1	1	2	5	2	1	1	4	4	2	2	3
Depreciation	8	9	12	11	9	9	10	19	11	12	12	14
Profit before tax	112	154	270	193	-29	47	104	139	111	214	282	283
Tax %	35%	35%	24%	30%	16%	30%	25%	25%	26%	26%	26%	25%
Net Profit	72	100	206	135	-25	33	78	104	83	159	209	214
EPS in Rs	0.90	1.25	2.57	1.69	-0.31	0.41	0.98	1.30	1.03	1.98	2.61	2.67

Investing In IRCTC Share: What Experts Has To Say

After two years, terms like risk-on and risk-off are back in use as investors struggle to decide which equities to purchase in this incredibly unpredictable market.

Due to the security of the underlying asset, investors view gold, bonds, and fixed deposits as risk-free investments. There will be a risk-on stock market surge when things return to normal in the upcoming weeks or months, as has happened in the past.

Due to the hazy geopolitical environment, elevated inflation and commodity prices, and anticipated Fed interest rate rise, fund managers and experts anticipate a worse future performance return year in 2022. In fact, the current climate offers investors the chance to consider a variety of investment plans in order to increase returns and diversify risks.

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Analysts believe that IRCTC, a PSU stock owned by Indian Railways, is one such asset that should be purchased. The Indian Government’s Ministry of Railways oversees Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), a Central Public Sector Enterprise (CPSE).

It is the only organization permitted by the Indian Railroads to offer catering to railways, online train tickets, and bottled drinking water at stations and aboard trains throughout the nation. Internet ticketing and catering provide the majority of the business’s operational income.

IRCTC will be able to weather this and rebound well in the coming years since railways are considered to be the lifeline of our country due to its connectivity and affordability.

The corporation may emerge as a winner out of this crisis, according to analysts following the industry and the IRCTC stock, if the geopolitical scenario lasts for a longer length of time. Indian commuters and transporters using private transportation may turn to the railroads as a less expensive, safer, and preferable choice as a result of rising crude oil costs.

Due to improved connectivity across the whole country, the railways should stand to gain the most from this.

Balance Sheet Of IRCTC

Figures in Rs. Crores

Particulars	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Share Capital +	20	20	40	40	160	160	160	160
Reserves	424	522	747	915	911	1,154	1,307	1,724
Borrowings +	0	0	0	0	0	0	0	107
Other Liabilities +	718	895	1,040	1,365	1,523	1,928	1,699	1,847
Total Liabilities	1,162	1,437	1,826	2,319	2,594	3,241	3,166	3,837
Fixed Assets +	155	159	170	190	182	285	310	335
CWIP	16	14	17	8	40	16	24	26
Investments	0	0	0	0	0	0	0	0
Other Assets +	990	1,264	1,639	2,122	2,372	2,941	2,832	3,476
Total Assets	1,162	1,437	1,826	2,319	2,594	3,241	3,166	3,837

Pros Of IRCTC

• The business is practically debt-free.
• A strong quarter is anticipated from the company.
• Over the past five years, the company has shown solid profit growth of 23.75 percent CAGR.
• The company has a solid history of return on equity (ROE): ROE over three years: 31.52%
• The company has consistently paid out a high dividend of 28.24 percent.
• The number of debtor days decreased from 162.78 to 111.21 days.

Cons Of IRCTC

• The price of the stock is 25.33 times its book value.
• Over the last five years, the firm has generated a dismal revenue increase of 4.34 percent.

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