BSE: 542830 | NSE: IRCTC | Travel Services | Mid Cap
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.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 55.3% | 53.1% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | 3.9 | 3.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,541 | 4,270 | 4,270 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | 20.6% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.6 | 14.5 | 13.9 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | 15.1% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 40.4 | 44 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,006 | 1,157 | 1,111 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 812 | 882 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 20.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | 15.1% | ||||
| BVPSⓘ | NA | NA | NA | 30.3% | ||||
| Share Price | - | 35.2% | -3.6% | 12.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.6 | 40.6 | 32.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36 | 34.3 | 33.3 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.4 | 27.1 | 26 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 269 | 223 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -72 | 108 |
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%
| 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 ⓘ | 18.16 | 18.16 |
| PE ⓘ | 53.34 | 57.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 690.40 / 1148.30 |
| All Time Low / High (₹) | 125.00 / 1278.60 |
| Market Cap (₹ Cr.) | 63,996 |
| Equity (₹ Cr.) | 160 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 65.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 3,541 | 4,270 |
| Operating Expenses ⓘ | 2,265 | 2,804 |
| Manufacturing Costs | 922 | 1,134 |
| Material Costs | 195 | 245 |
| Employee Cost | 246 | 289 |
| Other Costs ⓘ | 902 | 1,136 |
| Operating Profit ⓘ | 1,276 | 1,466 |
| Operating Profit Margin (%) | 36.0% | 34.3% |
| Other Income ⓘ | 120 | 164 |
| Interest ⓘ | 16 | 19 |
| Depreciation ⓘ | 54 | 57 |
| Exceptional Items ⓘ | 27 | -59 |
| Profit Before Tax ⓘ | 1,354 | 1,496 |
| Tax ⓘ | 348 | 385 |
| Profit After Tax | 1,006 | 1,111 |
| PAT Margin (%) | 28.4% | 26.0% |
| Adjusted EPS (₹) | 12.6 | 13.9 |
| Dividend Payout Ratio (%) | 44% | 47% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2,478 | 3,230 | ||||||||
| Share Capital ⓘ | 160 | 160 | ||||||||
| Reserves ⓘ | 2,318 | 3,070 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 0 | 0 | ||||||||
| Long Term Debt | 0 | 0 | ||||||||
| Short Term Debt | 0 | 0 | ||||||||
| Trade Payables | 852 | 998 | ||||||||
| Others Liabilities ⓘ | 2,001 | 2,115 | ||||||||
| Total Liabilities ⓘ | 5,331 | 6,343 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 661 | 709 | ||||||||
| Accumulated Depreciation | 337 | 392 | ||||||||
| Net Fixed Assetsⓘ | 324 | 317 | ||||||||
| CWIP ⓘ | 34 | 443 | ||||||||
| Investmentsⓘ | 0 | 0 | ||||||||
| Inventories | 10 | 11 | ||||||||
| Trade Receivables | 1,143 | 1,374 | ||||||||
Cash Equivalents  ⓘ
| 1,931 | 2,278 | ||||||||
| Others Assetsⓘ | 1,890 | 1,921 | ||||||||
| Total Assets ⓘ | 5,331 | 6,343 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 812 | 882 |
| PBT ⓘ | 1,354 | 1,496 |
| 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 | -2 | 0 |
| Others ⓘ | -248 | 32 |
| Cash Flow From Financing Activityⓘ | -434 | -404 |
| Net Proceeds from Shares ⓘ | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 |
| Dividend Paid ⓘ | -400 | -360 |
| Others ⓘ | -34 | -44 |
| Net Cash Flow ⓘ | 61 | 277 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 40.59 | 38.93 | ||||||||
| ROCE (%) | 55.28 | 53.07 | ||||||||
| Asset Turnover Ratio | 0.66 | 0.73 | ||||||||
| PAT to CFO Conversion(x) | 0.81 | 0.79 | Working Capital Days | |||||||
| Receivable Days | 118 | 108 | ||||||||
| Inventory Days | 1 | 1 | ||||||||
| Payable Days | 1,595 | 1,376 | ||||||||
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:
Major Events and Milestones:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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