Indian Railway Catering And Tourism Corporation Ltd.

NSE: IRCTC · Tour, Travel Related Services

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52W Range₹435 – ₹721

Snapshot

Unlock Indian Railway Catering And Tourism Corporation Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a public sector enterprise under the Ministry of Railways that provides catering, hospitality, and tourism services. It holds a monopoly on online railway ticketing in India and manages the production and distribution of Rail Neer packaged drinking water.

Geography mix

  • NaN%

Business Model

The company generates revenue through convenience fees on internet ticketing, catering services on trains and at stations, the sale of Rail Neer, and the operation of diverse tourism packages. It leverages its exclusive access to the Indian Railways network to maintain a dominant market position in rail-related services.

Growth Outlook

Growth is driven by the expansion of the Vande Bharat and Tejas train networks, which increase catering demand, and the continuous digitisation of travel bookings. Further potential lies in the diversification of tourism offerings and the scaling of e-catering services across the national rail network.

Key Risks

  • Regulatory Dependency. The company's business model is heavily reliant on policies and pricing mandates set by the Ministry of Railways.
  • Operational Concentration. As a single-sector entity, any disruption to Indian Railway operations directly impacts the company's revenue streams.
  • Competitive Pressure. The tourism and e-catering segments face increasing competition from private travel aggregators and food delivery platforms.
  • Public Policy Risk. Changes in convenience fee structures or catering margins mandated by the government could significantly affect profitability.

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Key Metrics

REVENUE

₹5,425 Cr

TTM · consolidated

+15.0%YoY

NET PROFIT

₹1,393 Cr

TTM · consolidated

+4.1%YoY

EPS

₹17.42

TTM · consolidated

+4.2%YoY

RETURN ON EQUITY

34.9%

TTM · consolidated

-1.6 ppYoY

RETURN ON CAPITAL EMPLOYED

44.0%

TTM · consolidated

-1.2 ppYoY

P/E

26.1×

Q1 FY27 · consolidated

26.1 vs 28.6x5Y avg

EV/EBITDA

19.0x

Q1 FY27 · consolidated

19.0 vs 20.9x5Y avg

EBITDA MARGIN

35.5%

TTM · consolidated

-2.9 ppYoY

NET PROFIT MARGIN

24.1%

Q1 FY27 · consolidated

-4.4 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Tour, Travel Related Services

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Indian Railway Catering And Tourism Corporation Ltd.IRCTC
₹37,104 Cr26.1×19.0515.0%35.5%34.9%44.0%-35.7%
TBO Tek Ltd.TBOTEK
₹18,509 Cr67.6×37.3968.9%15.7%19.3%20.6%+9.8%
BLS International Services Ltd.BLS
₹9,473 Cr12.6×9.5931.8%30.2%35.5%31.4%-34.6%
Waterways Leisure Tourism LimitedCORDELIA
₹8,178 Cr———20.0%———
Le Travenues Technology LimitedIXIGO
₹7,190 Cr83.0×48.6720.8%11.2%6.5%8.8%-42.9%
Thomas Cook (India) LimitedTHOMASCOOK
₹4,945 Cr21.5×7.48-4.3%7.0%8.8%11.8%-36.6%

As of Q1 FY27

Financials