MarketFriction

Indian Railway Catering & Tourism Corporation Ltd

NSE IRCTC · BSE 542830 · Tour, Travel Related Services
₹454.10 -0.29%
NSE close2026-10-01
52 week range446.50 - 735.75
Market cap₹36,204 Cr.
P/E26.2
Nifty 200Nifty 500Nifty Midcap 100Midcap 150 Price band 20% Delivery 41.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9921,1181,1551,1181,0641,2251,2691,1601,1461,4491,4601,370
Expenses6267247927436918088837627429841,061983
Operating Profit367394363375373417385397404465399387
OPM %37%35%31%34%35%34%30%34%35%32%27%28%
Other Income4731415460561076169816771
Interest455333844554
Depreciation141416141313121211121412
Profit before tax395406382412417457472442457529447441
Tax %25%26%26%25%26%25%24%25%25%25%27%25%
Net Profit295300284308308341358330342394327330
EPS in Rs3.683.753.553.853.854.274.474.134.274.934.084.12
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3671,5201,4661,8702,2647771,8793,5414,2604,6755,2155,425
Expenses1,1761,2061,1921,4871,5625891,0052,2652,7943,1243,5493,769
Operating Profit1903142743837031888741,2761,4661,5511,6661,655
OPM %14%21%19%20%31%24%47%36%34%33%32%31%
Other Income13967991267712472148106276277287
Interest0332108111619171818
Depreciation212224294046495457535050
Profit before tax3093553464797302588851,3541,4961,7571,8751,875
Tax %39%35%36%36%30%27%26%26%26%25%26%
Net Profit1892292213095131876601,0061,1111,3151,3931,393
EPS in Rs18.8611.4511.033.866.412.348.2412.5713.8916.4317.4217.40
Dividend Payout %40%49%21%98%39%43%42%44%47%49%52%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%46%14%15%
Compounded Profit Growth22%54%12%6%
Stock Price CAGR%-10%-13%-35%
Return on Equity36%38%37%34%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital20204040160160160160160160160160
Reserves4245227479159111,1541,2961,7102,3183,0703,5034,148
Borrowings0000007910584609081
Other Liabilities7188951,0401,3651,5231,9281,6181,9092,5262,8013,0463,190
Total Liabilities1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,579
Fixed Assets155159170190182285311335351343813839
CWIP161417840162426344432742
Investments00000000002525
Other Assets9901,2641,6392,1222,3722,9412,8183,5224,7045,3065,9346,674
Total Assets1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,579
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity69288338244994092485248128828341,274
Cash from Investing Activity-4679440-3538-453-242-317-215-245-447
Cash from Financing Activity-17-31-136-57-179-280-47-258-434-404-910-787
Net Cash Flow62632967-33137-2522361262-32139
Free Cash Flow-1266306-114453741705037446507871,197
CFO/OP91%208%152%55%173%95%167%92%97%91%80%109%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days514370137115125245111118118135132
Inventory Days1513111123265027181615
Days Payable62802372185684514,4922,3911,5951,4831,371
Cash Conversion Cycle4-24-157-70-430-300-4,197-2,252-1,459-1,349-1,221132
Working Capital Days-20-51-35-10-65-35-137-293205640
ROCE %63%54%40%44%62%16%51%59%54%49%46%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%62.40%
FIIs7.11%7.34%8.08%7.78%7.54%7.45%7.37%7.28%7.27%7.19%4.86%3.91%
DIIs10.53%11.98%12.72%13.74%13.92%13.73%13.89%14.16%14.18%14.02%14.86%14.86%
Public19.97%18.28%16.79%16.06%16.14%16.43%16.35%16.17%16.16%16.39%17.88%18.85%
No. of Shareholders20,26,79819,28,85119,10,30719,28,71619,24,34619,59,52119,94,64219,58,66919,25,77019,02,49919,32,71619,45,653

Fundamentals

Market Cap₹ 36,204 Cr.
Current Price₹ 453
Stock P/E26.2
Book Value₹ 53.8
ROCE46.1 %
ROE34.4 %
Dividend Yield1.99 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)6%
Standalone figures.
Valuation
Market capRs 36,328 Cr
Enterprise valueRs 33,567 Cr
P/E (TTM)26.08x
Price to book8.43x
Price to sales6.70x
EV / EBITDA17.28x
EV / EBIT17.74x
EV / sales6.19x
Price to cash flow28.52x
Earnings yield3.83%
Dividend yield1.98%
P/E, 3-year average46.53x
P/B, 3-year average16.03x
P/E, 5-year average55.82x
P/B, 5-year average19.94x
Profitability
Operating margin (excl. other income)31.95%
Operating margin (incl. other income)37.26%
EBITDA margin35.81%
Pre-tax margin34.56%
Net profit margin25.67%
Net margin, latest quarter24.09%
ROE34.96%
ROCE46.51%
ROA19.38%
ROE, 3-year average37.35%
ROCE, 3-year average49.55%
ROA, 3-year average19.89%
ROE, 5-year average39.59%
ROCE, 5-year average52.02%
ROA, 5-year average20.16%
ROIC (approx.)90.89%
Tax rate25.69%
Other income / net worth6.42%
Growth
Sales growth (latest year)11.55%
Profit growth (latest year)5.99%
Sales CAGR, 3 years13.77%
Sales CAGR, 5 years46.35%
Profit CAGR, 3 years11.47%
Profit CAGR, 5 years49.43%
Sales growth QoQ-6.18%
Profit growth QoQ1.01%
Sales growth YoY (latest quarter)18.10%
Profit growth YoY (latest quarter)-0.18%
Per share
EPS (TTM)Rs 17.41
EPS (latest year)Rs 17.42
EPS (latest quarter)Rs 4.12
EPS, 3-year averageRs 15.91
EPS, 5-year averageRs 13.71
Book value per shareRs 53.85
Sales per shareRs 67.81
Cash flow per shareRs 15.92
Free cash flow per shareRs 14.96
Dividend per share (latest year)Rs 9.00
Dividend per share, 3-year averageRs 7.83
Dividend per share, 5-year averageRs 6.50
Dividends
Dividend payout51.67%
Dividend payout, 3-year average49.05%
Dividend payout, 5-year average46.67%
Efficiency
Asset turnover0.69x
Fixed asset turnover6.22x
Inventory turnover189.16x
Inventory days2 days
Debtor days132 days
Debtors turnover2.77x
Creditor days1371 days
Cash conversion cycle132 days
Working capital days40 days
Leverage
Total debtRs 81 Cr
Cash and bankRs 2,842 Cr
Net debtRs -2,761 Cr
Debt to equity0.02x
Net debt / EBITDA-1.42x
Interest coverage104.57x
Current ratio (filing 2026-03-31)2.15x
Quick ratio (filing 2026-03-31)2.14x
Trade payables (filing 2026-03-31)Rs 767 Cr
Owners' fund to total sources56.84%
Debt to assets1.07%
Cash flow
Cash from Operating Activity (latest year)Rs 1,274 Cr
Cash from Investing Activity (latest year)Rs -447 Cr
Cash from Financing Activity (latest year)Rs -787 Cr
Net Cash Flow (latest year)Rs 39 Cr
Free cash flow (latest year)Rs 1,197 Cr
FCFE (approx.: FCF + change in debt)Rs 1,188 Cr
Cash from ops / profit, 5 years0.79x
Sales to cash flow4.09x
Statement figures
Net sales (TTM)Rs 5,425 Cr
Net sales (latest year)Rs 5,215 Cr
Sales (latest quarter)Rs 1,370 Cr
Operating profit excl. other income (latest year)Rs 1,666 Cr
Operating profit (latest quarter)Rs 387 Cr
Other income (TTM)Rs 287 Cr
EBITDA (TTM)Rs 1,943 Cr
PBDT (TTM)Rs 1,925 Cr
Profit before tax (TTM)Rs 1,875 Cr
Tax (latest year)Rs 482 Cr
Net profit (TTM)Rs 1,393 Cr
Net profit (latest year)Rs 1,393 Cr
Net profit (latest quarter)Rs 330 Cr
Depreciation (TTM)Rs 50 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 18 Cr
Cost of goods sold (latest year)Rs 2,567 Cr
Total expenditure (latest year)Rs 3,549 Cr
Total income (latest year)Rs 5,492 Cr
Share capitalRs 160 Cr
ReservesRs 4,148 Cr
Shareholders' fundsRs 4,308 Cr
Total assetsRs 7,579 Cr
Net blockRs 839 Cr
Capital work in progressRs 42 Cr
InvestmentsRs 25 Cr
ReceivablesRs 1,883 Cr
InventoryRs 14 Cr
Other liabilitiesRs 3,190 Cr
Shares outstanding (crore)80.00
Ownership
Promoter holding62.40% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 26.1 is the lowest in its own 7.1-year history (median 56.6, low 26.1, high 371.3).
P/B 8.43 is the lowest in 7.1 years (median 21.40).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIRCTCNifty 50Difference
1 week-1.5%-2.8% +1.2 pts
1 month-5.7%-6.8% +1.1 pts
3 months-11.0%-7.6% -3.3 pts
6 months-8.2%+0.4% -8.6 pts
1 year-36.5%-9.9% -26.6 pts
2 years-50.1%-13.6% -36.6 pts
3 years-33.3%+14.2% -47.5 pts
5 years-40.1%+27.9% -68.0 pts
84 mutual fund schemes hold about ₹1,361 Cr. Over three months 32 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Large & Mid Cap Fund1.15%386 -1%
ICICI Pru Multi Asset Allocation Fund0.26%228 +4%
ICICI Pru Aggressive Hybrid Fund(A0.33%175 +5%
ICICI Pru Multi Cap Fund0.49%95 +0%
ICICI Pru Multi Cap Fund0.49%91 +0%
ICICI Pru PSU Equity Fund2.70%50 +10%
ICICI Pru Transportation and Logistics Fund0.91%37 -9%
Invesco India PSU Equity Fund2.46%36 +76%
ICICI Pru Rural Opportunities Fund1.69%35 +10%
ICICI Pru Mid Cap Fund0.39%33 +0%
ICICI Pru Mid Cap Fund0.39%31 +0%
Aditya Birla SL PSU Equity Fund0.37%23 +7%
Tata Nifty India Tourism Index Fund6.62%17 +12%
UTI Multi Asset Allocation Fund0.23%16 +5%
Motilal Oswal Nifty Midcap 150 Index Fund0.34%14 +3%
UTI Quant Fund0.73%11 +10%
Groww Nifty India Railways PSU Index Fund16.48%10 +11%
Nippon India Nifty Midcap 150 Index Fund0.34%10 +2%
DSP Nifty Midcap 150 Quality 50 Index Fund1.71%7 +4%
HDFC Large & Mid Cap Fund0.02%7 +4%
ICICI Pru Nifty Midcap 150 Index Fund0.34%5 +4%
SBI Nifty Midcap 150 Index Fund0.34%4 +3%
UTI Nifty Midcap 150 Quality 50 Index Fund1.71%4 +4%
The Wealth Company Mid Cap Fund1.69%3 +100%
Zerodha Nifty LargeMidcap 250 Index Fund0.17%3 +4%

Red flags

F-score 5 of 8
lookAuditor change Auditor change 2026-09-09: Indian Railway Catering And Tourism Corporation Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-12-16The President of India, acting thr-sell40,000,000Rs 2726.87 CrMarket Sale
2020-12-24President of India acting through Promoterssell5,566Rs 0.77 CrMarket Sale
2020-12-22Sreekumar SadanandanEmployees/Designated Employesell1,600Rs 0.22 CrMarket Sale
2020-12-11President of IndiaPromoterssell3,200,000Rs 441.72 CrMarket Sale
2020-12-10President of IndiaPromoterssell28,800,000Rs 4037.19 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,370 Cr +18.1% vs Jun 2025. Net profit ₹330 Cr +0.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-22Dividend - Re 0.50 Per Share
2026-02-20Interim Dividend - Rs 3.50 Per Share
2025-11-21Interim Dividend - Rs 5 Per Share
2025-08-22Dividend - Re 1 Per Share
2025-02-20Interim Dividend - Rs 3 Per Share
2024-11-14Interim Dividend - Rs 4 Per Share
2024-08-23Dividend - Rs 4 Per Share
2024-08-23Annual General Meeting
2023-11-17Interim Dividend - Rs 2.50 Per Share
2023-08-18Annual General Meeting/Dividend - Rs 2 Per Share
2023-02-22Interim Dividend - Rs 3.50 Per Share
2022-08-18Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-02-17Interim Dividend - Rs 2 Per Share
2021-10-28 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2021-09-21 Dividend - Rs 5 Per Share
2021-09-21 Annual General Meeting
2020-10-19 Dividend - Rs 2.50 Per Share
2020-10-19 Annual General Meeting
2020-02-24 Interim Dividend - Rs 10 Per Share
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-30Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-18General UpdatesDisclosure of ESG rating by Niche Ninety Nine Capability and Certifications (OPC) Private Limited.
2026-09-16General UpdatesDisclosure of ESG rating by Crisil ESG Ratings & Analytics Limited.
2026-09-09Change in AuditorsChange in Auditors of the company.
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-05General UpdatesCommunication regarding Tax Deducted at Source ( TDS ) on Final Dividend for the Financial Year ended on March 31, 2026.
2026-09-05Record DateRecord date for the purpose of Dividend is 22-Sep-2026.
2026-09-05General UpdatesIntimation of 27th Annual General Meeting of the members of the Company, E-voting , and Record Date .
2026-08-31Change in ManagementChange in Management
2026-08-26General UpdatesGeneral Updates
2026-08-19Concall / analyst meetTranscript
2026-08-19Concall / analyst meetSchedule of meet and Presentation
2026-08-14Concall / analyst meetSchedule of meet and Presentation
2026-08-14Director changeChange in Director(s) of the company.
2026-08-13Concall / analyst meetLink of Recording
2026-08-13General UpdatesAppointment of Non-Official Director on the Board of Indian Railway Catering and Tourism Corporation Limited (IRCTC).
2026-08-12Integrated Filing- FinancialPursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the Company, at its meeting held today i.e., Wednesda...
2026-08-12Board meeting outcomeIndian Railway Catering And Tourism Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-06Concall / analyst meetSchedule of meet
2026-07-29General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-07-20Director changeChange in Director(s) of the company.
2026-07-16Director changeChange in Director(s) of the company.
2026-07-14General UpdatesBoard Comments on fines levied by the Exchanges for the quarter ended 31st March, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-12-12CESTATINDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD ---VS.--- DELHI EAST
2019-10-04CESTATINDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD ---VS.--- DELHI EAST
2019-10-01CESTATINDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD ---VS.--- DELHI EAST
2019-08-09CESTATINDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD ---VS.--- DELHI - I
2019-07-24CESTATINDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD ---VS.--- DELHI - I
2019-05-23CESTATINDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD ---VS.--- DELHI - I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indian Railway Catering & Tourism Corporation Ltd?

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) has a market capitalisation of Rs 36,204 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Railway Catering & Tourism Corporation Ltd?

Indian Railway Catering & Tourism Corporation Ltd trades at a P/E of 26.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Railway Catering & Tourism Corporation Ltd's latest quarterly results?

In the Jun 2026 quarter, Indian Railway Catering & Tourism Corporation Ltd sales was Rs 1,370 Cr (+18.1% vs Jun 2025) and net profit was Rs 330 Cr.

What is the 52-week high and low of Indian Railway Catering & Tourism Corporation Ltd?

The 52-week high is Rs 735.75 and the 52-week low is Rs 446.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03