IRCTC Limited
Incorporated in 1999, IRCTC is a Mini Ratna and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India. Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the state-owned Indian Railways.
Key Services
- Catering
- Rail Neer packaged drinking water
- Internet ticketing
- Travel and tourism
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 4,270 | 3,541 | 1,879 |
| Sales Growth % | 20.58% | 88.52% | 141.88% |
| Expenses | 2,804 | 2,265 | 1,005 |
| Operating Profit | 1,466 | 1,276 | 874 |
| OPM % | 34% | 36% | 47% |
| Net Profit | 1,111 | 1,006 | 660 |
| EPS in Rs | 13.89 | 12.57 | 8.24 |
Synopsis of Financials
- Q1 FY ’25 reported an all-time high profit of ₹308 crores.
- Profit growth of 8.2% quarter-on-quarter (Q-o-Q) and 32.5% year-on-year (Y-o-Y).
- EBITDA increased to ₹375 crores, reflecting a 9.32% Y-o-Y growth and approximately 3.38% Q-o-Q growth.
- EBITDA margin improved to 33.47% from 31.41% Q-o-Q, indicating operational efficiency and effective cost management.
Final Outlook
Indian railway heavyweight stock, IRCTC is set to deliver a massive dividend of 200% to its investors. For FY24 overall, IRCTC will pay up to 325% or Rs 6.5 per share, which will be the highest ever since listing. With the highest ROE of 38.85%, IRCTC stock is an attractive bet for fetching strong gains.
Highest ever Revenue from operations of H 4,270.18 Crore from Catering, Rail Neer, Tourism & Internet Ticketing business. Highest ever PAT of H 1,111.26 Crore. Catering Services in 1250+ trains and served more than 16 lakhs meals per day.
IRCTC holds a near monopoly in the railway catering in India ,which gives it a dominant market position and consistent revenue streams. The government’s investment in railway infrastructure (₹2.6 lakh crores anticipated for this year) is expected to fuel future growth, according to management. As the economy and railway services grow, management stated that they are confident in gaining a larger portion of the market.
Catering revenue growth expected to continue at 15% CAGR, with potential upside from future tariff hikes. The company anticipates further growth in ticketing revenues from expanded services, including flights and buses.
IRCTC-Limited-PDF-report