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

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

IRCTC Share Price

1,057.65 34.85 3.41%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on IRCTC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Indian Railway Catering And Tourism Corporation stock performance -

mw4me loader
P/E Ratio (SA):
76.52
Market Cap:
84,612 Cr.
52-wk low:
580.2
52-wk high:
1,068.7

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 good 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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indian Railway Catering And Tourism Corporation Ltd is likely to Rise 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 performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 23.9%33%38.3%32.9%25.7%28.3%43.7%13.4%41.3%46.8%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9151,0591,3671,5231,4671,8702,2647771,8793,5414,080
Sales YoY Gr.-15.8%29.1%11.4%-3.7%27.5%21.1%-65.7%141.9%88.5%-
Adj EPS 11.62.42.72.83.56.42.38.512.613.8
YoY Gr.-71.6%44.8%14%2.2%28.7%81.6%-65%277.3%48.1%-
BVPS (₹) 4.35.66.89.711.813.416.418.223.43139.3
Adj Net
Profit
76.11311892152202835151806791,0061,106
Cash Flow from Ops. 47.568.728833823.6499409248524810-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.2%19.3%16.1%88.5%
Adj EPS 33.2%35.5%25%48.1%
BVPS24.4%21.3%23.6%32.5%
Share Price - - 48.6% 78.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
23.83338.332.625.528.143.21340.846.339.3
Op. Profit
Mgn %
12.314.413.919.519.620.53124.246.53635
Net Profit
Mgn %
8.312.313.814.11515.222.723.236.128.427.1
Debt to
Equity
0000000000-
Working Cap
Days
193201169175252236241735296223208
Cash Conv.
Cycle
283110-154047502-238-9496

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 39.30%

Sales growth is growing at healthy rate in last 3 years 16.08%

Net Profit is growing at healthy rate in last 3 years 25.04%

Sales growth is good in last 4 quarters at 25.62%

No data to display

Latest Financials - Indian Railway Catering And Tourism Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 -
TTM Sales (₹ Cr.) 4,080 -
BVPS (₹.) 39.3 -
Reserves (₹ Cr.) 2,986 -
P/BV 26.90 -
PE 76.52 -
From the Market
52 Week Low / High (₹) 580.20 / 1068.65
All Time Low / High (₹) 125.00 / 1278.60
Market Cap (₹ Cr.) 84,612
Equity (₹ Cr.) 160
Face Value (₹) 2
Industry PE 72.6

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

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9151,0591,3671,5231,4671,8702,2647771,8793,541
Operating Expenses 8029071,1761,2261,1801,4871,5665891,0062,265
Manufacturing Costs52236231261555587120207922
Material Costs23423923321025312413847105195
Employee Cost 156175165180192195244206240246
Other Costs 360470717806473613597215453902
Operating Profit 1131521902972873836991888721,276
Operating Profit Margin (%) 12.3%14.4%13.9%19.5%19.6%20.5%30.9%24.2%46.4%36.0%
Other Income 3882139567489808577120
Interest 0003321081116
Depreciation 17202122242940464954
Exceptional Items 0003537139-427
Profit Before Tax 1342143093313394797302588851,354
Tax 588312011711917021670226348
Profit After Tax 761311892152203095131876601,006
PAT Margin (%) 8.3%12.3%13.8%14.1%15.0%16.5%22.7%24.1%35.1%28.4%
Adjusted EPS (₹)1.01.62.42.72.73.96.42.38.212.6
Dividend Payout Ratio (%)19%20%40%40%7%98%39%43%42%44%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3474445427789451,0711,3141,4561,8702,478
Share Capital 2020204040160160160160160
Reserves 3274245227389059111,1541,2961,7102,318
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables334051137151193170582691852
Others Liabilities 6416788449541,1401,3111,8901,1101,2281,628
Total Liabilities 1,0211,1621,4371,8702,2362,5753,3753,1483,7894,958

Fixed Assets

Gross Block214277298338337356493566592661
Accumulated Depreciation103122140167174202236280284337
Net Fixed Assets110155159170162155257285308324
CWIP 1616141784016242634
Investments 0000000000
Inventories10108778107810
Trade Receivables1801491622895515877785215721,143
Cash Equivalents 3483546188538341,1401,2961,4601,7321,934
Others Assets3574784765346746451,0178501,1441,514
Total Assets 1,0211,1621,4371,8702,2362,5753,3753,1483,7894,958

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 486928833824499409248524810
PBT 1272143093313394797302588851,354
Adjustment -6-1-27-23-19-28-8-28-11-24
Changes in Working Capital -27-75115167-170214-5685-72-91
Tax Paid -48-70-109-138-126-165-257-67-279-429
Cash Flow From Investing Activity -4-4679440-3538-453-242-315
Capex -25-70-22-32-34-54-35-77-21-67
Net Investments 0000000000
Others 21242912675-29943-376-221-248
Cash Flow From Financing Activity -14-19-31-136-57-179-280-47-258-434
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -12-14-26-113-47-149-222-40-240-400
Others -2-4-5-23-10-31-58-7-18-34
Net Cash Flow 3042642967-33137-2522361
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)23.8633.0238.2532.5225.4730.6143.0313.5139.6646.26
ROCE (%)41.9454.162.6150.639.6847.76219.1953.963.01
Asset Turnover Ratio0.980.981.060.930.720.780.760.240.540.81
PAT to CFO Conversion(x)0.630.531.521.570.111.610.81.330.790.81
Working Capital Days
Receivable Days5856415310411111030510688
Inventory Days4322211411
Payable Days6856721642085064812,9042,2031,444

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 12-Apr-2024 16:59 is ₹1,057.7.
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 12-Apr-2024 16:59 the market cap of IRCTC stood at ₹84,612.
The latest P/E ratio of IRCTC as of 12-Apr-2024 16:59 is 76.52.
The latest P/B ratio of IRCTC as of 12-Apr-2024 16:59 is 26.90.
The 52-week high of IRCTC is ₹1,068.7 and the 52-week low is ₹580.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IRCTC is ₹4,080 ( 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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