IRCTC (NSE: IRCTC) is a government-owned company. It offers train tickets, food, and travel packages. Its shares saw an increase of over 22 percent since December.
Experts believe that the stock will continue to grow. Despite the increase of 22 percent in just a month, the experts are still of the opinion that at the current price, the stock could be earning more.
IRCTC is adding 18 catering units as well as 11 sets of Vande Bharat which will benefit the company.
The company is also expanding outside of the Railways, IRCTC has signed agreements with BSF, Indian Maritime University of Kolkata, and Cotton University.
Based on reports all of these could have a positive effect on the value of IRCTC shares.
The share was trading at Rs 866 on Wednesday and it is anticipated to go upwards to 1,000 rupees.
How Much Has The Share Risen Within A Year?
The share has grown by 42 percent over the past one year. At the same time, it has grown by over 22 percent over the past one month.
But, the stock has slid by 1.41 percent over the past one week. The 52-week high for this stock is 916 rupees. Its 52-week low is Rs 557.
In the app for brokerages, 33 percent of the experts are in favor of purchasing it, while 33 percent of those are inclined to hold it.
What Will Be The Trend Of The Future?
Based on a renowned brokerage house, this stock will experience the first resistance in the range of 880. Then, they’ll receive registration at Rs 900 and 913.
In terms of declining, it could receive support up to 814. The brokerage claims that there are positive signals for this share.
As per Dr. Ravi Singh, market expert and co-founder of the company DRS Finvest, in an article in Moneycontrol, the stock could rise to the mark of Rs. 1000.
About IRCTC Company
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under the Ministry of Railways, Government of India.
It was founded on the 27th of September 1999. It was an extension part that was part of Indian Railways to upgrade, modernize, and oversee the catering and hospitality services in trains, stations, and various other locations.
It also aims to encourage international and domestic tourism by creating budget hotels, tour packages, information and commercial public relations, and reservation systems worldwide.
The capital authorized by it is 250 crores, and it has a paid-up capital of 160 crores.
It runs around sixteen Rail Neer plants, with four in-house manufacturing units and 12 operating under the public-private partnerships (PPP) design model.
Fundamental Analysis of IRCTC
| Market Cap | ₹ 69,844 Cr. |
| Current Price | ₹ 866 |
| 52-wk High | ₹ 916 |
| 52-wk Low | ₹ 557 |
| Stock P/E | 64.6 |
| Book Value | ₹ 35.6 |
| Dividend | 0.63 % |
| ROCE | 59.2 % |
| ROE | 45.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 24.6 |
| OPM | 35.0 % |
| EPS | ₹ 13.3 |
| Debt | ₹ 66.8 Cr. |
| Debt to Equity | 0.02 |
IRCTC Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 67.40% |
| Dec 2022 | 62.40% |
| Mar 2023 | 62.40% |
| June 2023 | 62.40% |
| Sept 2023 | 62.40% |
| FII Holding | |
| Sept 2022 | 5.81% |
| Dec 2022 | 6.84% |
| Mar 2023 | 6.53% |
| June 2023 | 6.99% |
| Sept 2023 | 7.11% |
| DII Holding | |
| Sept 2022 | 5.57% |
| Dec 2022 | 8.73% |
| Mar 2023 | 10.06% |
| June 2023 | 9.92% |
| Sept 2023 | 10.53% |
| Public Holding | |
| Sept 2022 | 21.23% |
| Dec 2022 | 22.03% |
| Mar 2023 | 21.01% |
| June 2023 | 20.68% |
| Sept 2023 | 19.97% |
IRCTC Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,870 Cr |
| 2020 | ₹ 2,264 Cr |
| 2021 | ₹ 777 Cr |
| 2022 | ₹ 1,879 Cr |
| 2023 | ₹ 3,880 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 309 Cr |
| 2020 | ₹ 513 Cr |
| 2021 | ₹ 187 Cr |
| 2022 | ₹ 660 Cr |
| 2023 | ₹ 1,061 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | — |
| 2020 | — |
| 2021 | — |
| 2022 | 0.01 |
| 2023 | — |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 35% |
| 3 Years: | 24% |
| Current Year: | 20% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 35% |
| 3 Years: | 35% |
| Last Year: | 45% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 19% |
| 3 Years: | 16% |
| Current Year: | 34% |
Company’s Positive Signs:
- The company has cut its amount of debt.
- The company is debt-free.
- The company is expected to provide an excellent quarter.
- The company has made an impressive profit increase of 34.9 CAGR in the last five years.
- The company has a fantastic results in the area of return on equity (ROE) over the last three consecutive years. ROE of 34.6 percent.
- The company has maintained an enviable dividend payment of 43.0 percent.
- The company debtor days have increased from 158 days to 118 days.
Company’s Negative Signs:
- The company’s stock has a price of 24.6 times the book value.
- The company’s promoter holding has dipped over the three years which is -25.0%.
Conclusion
This article is a complete guide about IRCTC Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you for your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
