Indian Railway Catering And Tourism Corporation Ltd - Stock Valuation and Financial Performance

BSE: 542830 | NSE: IRCTC | Travel Services | Mid Cap

IRCTC Share Price

799.30 -2.25 -0.28%
as on 14-Nov'24 15:13

DeciZen - make an informed investing decision on IRCTC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indian Railway Catering And Tourism Corporation stock performance -

mw4me loader
P/E Ratio (CD):
57.71
Market Cap:
64,124 Cr.
52-wk low:
671.1
52-wk high:
1,148.3

Is Indian Railway Catering And Tourism Corporation Ltd an attractive stock to invest in?

1. Is Indian Railway Catering And Tourism Corporation Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indian Railway Catering And Tourism Corporation Ltd is a below average quality company.

2. Is Indian Railway Catering And Tourism Corporation Ltd undervalued or overvalued?

The key valuation ratios of Indian Railway Catering And Tourism Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Indian Railway Catering And Tourism Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Railway Catering And Tourism Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IRCTC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Railway Catering And Tourism Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%0%0%0%0%0%55.3%53.1%-
Value Creation
Index
NANANANANANANANA3.93.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000000003,5414,2704,270
Sales YoY Gr.-NANANANANANANANA20.6%-
Adj EPS 0000000012.614.513.9
YoY Gr.-NANANANANANANANA15.1%-
BVPS (₹) 000000003140.444
Adj Net
Profit
000000001,0061,1571,111
Cash Flow from Ops. 00000000812882-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA20.6%
Adj EPS NANANA15.1%
BVPSNANANA30.3%
Share Price - 34.5% -2.6% 19.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0000000040.640.632.9
Op. Profit
Mgn %
000000003634.333.3
Net Profit
Mgn %
0000000028.427.126
Debt to
Equity
00000000000
Working Cap
Days
000000000269223
Cash Conv.
Cycle
000000000-72108

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.90%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 9.67%

Latest Financials - Indian Railway Catering And Tourism Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 15 13.9
TTM Sales (₹ Cr.) 4,457 4,270
BVPS (₹.) 44 44
Reserves (₹ Cr.) 3,363 3,363
P/BV 18.20 18.20
PE 53.44 57.71
From the Market
52 Week Low / High (₹) 671.05 / 1148.30
All Time Low / High (₹) 125.00 / 1278.60
Market Cap (₹ Cr.) 64,124
Equity (₹ Cr.) 160
Face Value (₹) 2
Industry PE 64.2

Management X-Ray of IRCTC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IRCTC

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Sales3,5414,270
Operating Expenses 2,2652,804
Manufacturing Costs9221,134
Material Costs195245
Employee Cost 246289
Other Costs 9021,136
Operating Profit 1,2761,466
Operating Profit Margin (%) 36.0%34.3%
Other Income 120164
Interest 1619
Depreciation 5457
Exceptional Items 27-59
Profit Before Tax 1,3541,496
Tax 348385
Profit After Tax 1,0061,111
PAT Margin (%) 28.4%26.0%
Adjusted EPS (₹)12.613.9
Dividend Payout Ratio (%)44%47%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24

Equity and Liabilities

Shareholders Fund 2,4783,230
Share Capital 160160
Reserves 2,3183,070
Minority Interest00
Debt00
Long Term Debt00
Short Term Debt00
Trade Payables852998
Others Liabilities 2,0012,115
Total Liabilities 5,3316,343

Fixed Assets

Gross Block661709
Accumulated Depreciation337392
Net Fixed Assets324317
CWIP 34443
Investments 00
Inventories1011
Trade Receivables1,1431,374
Cash Equivalents 1,9312,278
Others Assets1,8901,921
Total Assets 5,3316,343

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Cash Flow From Operating Activity 812882
PBT 1,3541,496
Adjustment -24-56
Changes in Working Capital -89-110
Tax Paid -429-448
Cash Flow From Investing Activity -317-200
Capex -67-232
Net Investments -20
Others -24832
Cash Flow From Financing Activity -434-404
Net Proceeds from Shares 00
Net Proceeds from Borrowing 00
Interest Paid 00
Dividend Paid -400-360
Others -34-44
Net Cash Flow 61277
PARTICULARSMar'23Mar'24
Ratios
ROE (%)40.5938.93
ROCE (%)55.2853.07
Asset Turnover Ratio0.660.73
PAT to CFO Conversion(x)0.810.79
Working Capital Days
Receivable Days118108
Inventory Days11
Payable Days1,5951,376

Indian Railway Catering And Tourism Corporation Ltd Stock News

Indian Railway Catering And Tourism Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IRCTC on 14-Nov-2024 15:13 is ₹799.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 15:13 the market cap of IRCTC stood at ₹64,124.
The latest P/E ratio of IRCTC as of 14-Nov-2024 15:13 is 53.44.
The latest P/B ratio of IRCTC as of 14-Nov-2024 15:13 is 18.20.
The 52-week high of IRCTC is ₹1,148.3 and the 52-week low is ₹671.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IRCTC is ₹4,457 ( Cr.) .

About Indian Railway Catering And Tourism Corporation Ltd

The company was incorporated as ‘Indian Railway Catering and Tourism Corporation Limited’ (IRCTC) on September 27, 1999, as a public limited company under the Companies Act, 1956, and was granted a certificate of incorporation by the Deputy Registrar of Companies, N.C.T. of Delhi and Haryana. The company received its certificate for commencement of business from the Deputy Registrar of Companies, N.C.T. of Delhi and Haryana on December 2, 1999.

As a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways, the company is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. It was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through public-private participation. It was conferred the status of Mini-ratna (Category-I Public Sector Enterprise) by the Government of India, on May 1, 2008.

Business area of the company

The company operates one of the most transacted websites, www.irctc.co.in, in the Asia-Pacific region It has also diversified into other businesses, including non-railway catering and services such as e-catering, executive lounges and budget hotels, which are in line with its objective to build a ‘one stop solution’ for its customers.

Awards and accreditations:

  • 2008: The company’s tourism portal was awarded the National Tourism Award.
  • 2014: Dainik Bhaskar India Pride Award for Excellence in Consumer Industry for the year 2013-2014.
  • 2014: Awarded the most popular website award by Website of the Year India in leisure and travel category.
  • 2015: Awarder the Most Innovative e - Retailer of the year award by Star Retailer Awards 2015, 10th Awards for Excellence in Retailing.
  • 2015: The company’s mobile app - IRCTC connect was awarded Mobillion award under the category ‘Best Use of Mobile App’.
  • 2015: The company’s train, Maharajas’ Express has been conferred with the 'Seven Stars MMXII Luxury Hospitality and Lifestyle Award' at Bali, Indonesia.
  • 2016: Awarded the national award for e-governance 2015-16, Gold for New Next Generation e-Ticketing System in the category of ‘Innovative Use of ICT by Central Government PSUs’ by Government of India.
  • 2016: Awarded ‘One of the giants of tomorrow- Fortune India The Next 500’ by Fortune India.
  • 2017: Certificate of recognition for ranking no. 1 with 97 points in comparative product testing of packaged drinking water for ‘Rail Neer’ by Consumer Voice.
  • 2017: Certificate of honor for excellence in domestic tour operations at Satte Awards by UBM India.
  • 2018: Dainik Bhaskar India Pride Award in the category of India Image Enhancement / Creating a Global Brand.
  • 2019: Certificate of Accreditation for meeting the professional standards of the International Air Transport Association.

Major Events and Milestones:

  • 2002: Commenced internet ticketing services.
  • 2008: Conferred ‘Mini-Ratna Status’ for Category-I Public Sector Enterprise.
  • 2015: The company was awarded with the certificate of approval for conformity with the quality management system of ISO 9001: 2008 with respect to the rail tour package (NDR 01) for Mata Vaishno Devi Darshan.
  • 2017: The ranking of company in the Fortune India Next 500 list of Indian companies.
  • 2019: IRCTC hit capital market on September 30
  • 2019: IRCTC introduces OTP-based refund system for e-tickets
  • 2019: IRCTC signs MoU with Hotel and Restaurant Association of Northern India (HRANI)
  • 2020: IRCTC, SBI Card launch co-branded contactless credit card on RuPay Platform

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