IRCTCConsumer Services

Indian Railway Catering And Tourism Corporation Limited

Tour, Travel Related Services · ISIN INE335Y01020 · BSE 542830 · NSE EQ · FV ₹2
Last price
₹457
+0.89%today
What this company does

Indian Railway Catering And Tourism Corporation Limited operates in Tour, Travel Related Services, part of the Consumer Services sector. It booked ₹1,370 cr of revenue in its latest quarter (Q1 FY27) and kept 24.1% of sales as profit. It is the largest of 8 Tour, Travel Related Services companies we track, by market value.

Stakeholders’ Engagement Engagement Along 1 Every Journey 2 3 Establish Conduct regular Identify key We engage with a wide spectrum of stakeholders to communication dialogues stakeholders maintain transparency, respond to shared priorities 4 5 channels 6 and consultations and ensure coherence with organisational objectives.
In the report:
81out of 100
Equitytale Health Score
Fortress

Healthier than 81% of companies in Consumer Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 39–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet92

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Valuation63

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 24% net margin
Sales up 18% vs last year
Promoters hold 62%
No promoter shares pledged
Strong 31% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in IRCTC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹457 +0.89%
latest close · 2026-09-17
52-wk low ₹447208 sessions so far52-wk high ₹929
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio27.7Average
LowAverageHigh
P/B ratio8.49High
Below bookModerateHigh
EV / EBITDA19.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity30.7%Strong
WeakFairStrong ▸15%
Return on capital38.8%Strong
WeakFairStrong
Net margin24.1%Strong
ThinDecentStrong
EBITDA margin33.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover103.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.15Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹36,560 cr
Book value
₹54
EPS
₹4.13
latest quarter
Net debt
₹-412 cr
more cash than debt
Enterprise value
₹36,148 cr
EBITDA
₹1,834 cr
annualised
EBIT
₹1,784 cr
annualised
Operating margin
32.6%
Return on assets
17.4%
Earnings yield
3.61%
P/S
6.67
Sales / share
₹68.5
Tax rate
25.3%
Face value
₹2
Shares
80.0 cr
Working capital
₹3,439 cr
Current assets
₹6,416 cr
Current liabilities
₹2,978 cr
Delivery %
53.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹245 vs market price ₹457 — price is 87% above it
Safety cushion-86.9%(target ≥ +20%)
Models span ₹203₹286, midpoint ₹245
Model ₹245
Price ₹457
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,370 cr
Other Income₹72 cr
Total Income₹1,441 cr
Cost of Materials₹24 cr
Purchases of Stock-in-Trade₹70 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹104 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹784 cr
Total Expenses₹1,000 cr
Profit before Tax₹442 cr
Tax Expense₹112 cr
Net Profit₹330 cr
Net margin on total income22.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹94 cr6.6%
Employee benefit expense₹104 cr7.2%
Finance costs₹4 cr0.3%
Depreciation & amortisation₹12 cr0.9%
Other expenses₹784 cr54.4%
Tax expense₹112 cr7.7%
Profit for the period₹330 cr22.9%
Total income ₹1,441 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,449 cr1,460 cr1,370 cr
Total income1,519 cr1,526 cr1,441 cr
Expenses1,001 cr1,080 cr1,000 cr
Profit before tax529 cr447 cr442 cr
Tax135 cr120 cr112 cr
Net profit (owners' share)394 cr326 cr330 cr
Net margin (owners' share, on revenue)27.2%22.4%24.1%
EPS (₹)4.934.084.13
YoY (latest quarter): total income +18.1% · net profit -0.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹7,580 cr
Shareholder equity
₹4,309 cr
parent shareholders
Total debt
₹0 cr
Cash
₹412 cr
Cash flow · H1 FY26
Operating
₹834 cr
Investing
₹-518 cr
Financing
₹-90 cr
Peer comparison
Tour, Travel Related Services · by market value
CompanyPriceMarket capP/E
Indian Railway Catering And Tourism Corporation Limitedthis company₹457₹36,560 cr27.7
TBO Tek Limited₹1,648₹17,892 cr53.0
BLS International Services Limited₹228₹9,377 cr12.3
Le Travenues Technology Limited₹160₹7,022 cr54.8
Thomas Cook (India) Limited₹103₹4,865 cr16.8
Easy Trip Planners Limited₹6₹2,307 cr
Yatra Online Limited₹104₹1,634 cr1,302.0
Waterways Leisure Tourism Limited₹110₹794 cr7.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.86%
trailing 12 months
Dividend / share (TTM)
₹8.5
Last dividend
₹3.5
ex 20 Feb 2026
ActionDetailEx-date
Dividend₹3.5 / share20 Feb 2026
Dividend₹5 / share21 Nov 2025
Dividend₹1 / share22 Aug 2025
Dividend₹3 / share20 Feb 2025
Dividend₹4 / share14 Nov 2024
Dividend₹4 / share23 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
62.4%
FII / Foreign
3.9%
DII / Domestic
14.9%
Retail / others
18.8%
Smart-money activity
Insider trades
SoldThe President of India, acting through and represented by the Ministry of Railways · -4.00 cr · ₹2726.9 cr15 Dec 22
SoldPresident of India acting through Ministry of Railways, GOI · Promoters5,566 · ₹76.7 L24 Dec 20
SoldSreekumar Sadanandan · Employees/Designated Employees1,600 · ₹21.8 L22 Dec 20
Bulk / block deals
short · NSE122 Sep 26
short · NSE1026 Aug 26
short · NSE1713 Aug 26
Stake changes
BoughtLife Insurance Corporation of india→ 0.00% · 1.62 cr11 Sep 24
BoughtLIFE INSURANCE CORPORATION OF INDIA→ 7.28% · 1.82 cr16 Dec 22
BoughtLIFE INSURANCE CORPORATION OF INDIA→ 5.01% · 4.00 cr17 Oct 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Aug 2025
See the official result
1
To receive, consider and adopt the audited Standalone as well as Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, along with the Board`s Report, the Auditors Report, and the comments of the Comptroller and Auditor General of India (C and AG) thereon
Backed by 100% of shareholders other than promotersneeded 50%
16.04 cr votes for, 84,574 against · 0% of mutual funds and other big investors said no
2
To confirm the payment of 1st interim dividend of Rs. 4.00 per equity share, 2nd interim dividend of Rs. 3.00 per equity share; and to declare a final dividend of Rs. 1.00 per equity share
Backed by 100% of shareholders other than promotersneeded 50%
16.06 cr votes for, 2,462 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Rahul Himalian (DIN:10393348), Director (Tourism and Marketing), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 70% of shareholders other than promotersneeded 50%
11.19 cr votes for, 4.87 cr against · 30% of mutual funds and other big investors said no
4
To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by Comptroller and Auditor General of India (C and AG) for the financial year 2025-26, on the basis of recommendations of Audit Committee
Backed by 99% of shareholders other than promotersneeded 50%
15.97 cr votes for, 9.48 L against · 1% of mutual funds and other big investors said no
8
To re-appoint Mr. Namgyal Wangchuk (DIN: 09397676) as Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 75% of shareholders other than promotersneeded 75%
12.04 cr votes for, 4.02 cr against · 25% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 62.4% between them · as of 2026-06-30
Central Government/ State Government(s)62.40%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.