Rail Vikas Nigam vs IRCTC: share price, P/E, ROE and financials compared
Rail Vikas Nigam
Indian Railway Catering And Tourism Corporation
Rail Vikas Nigam and IRCTC at a glance
Rail Vikas Nigam is the larger by market cap, at ₹40,312 Cr against ₹36,560 Cr for IRCTC. On valuation, Rail Vikas Nigam has the lower price-to-book (4.10× against 8.49×), while IRCTC has the lower P/E (26.2× against 44.9×). On returns and margins, IRCTC has the higher ROCE (41.1% against 11.0%), the higher ROE (35.0% against 9.0%) and the higher operating margin (29.6% against 4.3%). Over three years, IRCTC has faster 3-year sales growth (+13.8% against +0.2% a year) and faster 3-year profit growth (+11.5% against −13.3% a year). IRCTC carries less debt for its equity, with a debt-to-equity of 0.02× against 0.49×.
Key metrics, side by side
| Metric | Rail Vikas NigamRVNL | IRCTCIRCTC |
|---|---|---|
| Price (₹) | 193.34 | 457.00 |
| Market cap (₹ Cr) | 40,312 | 36,560 |
| P/E | 44.9× | 26.2× (the lower figure, shaded) |
| P/B | 4.10× (the lower figure, shaded) | 8.49× |
| Dividend yield, trailing | 0.88% | 1.97% (the higher figure, shaded) |
| ROE | 9.0% | 35.0% (the higher figure, shaded) |
| ROCE | 11.0% | 41.1% (the higher figure, shaded) |
| Operating margin (OPM) | 4.3% | 29.6% (the higher figure, shaded) |
| Net margin (NPM) | 4.3% | 25.7% (the higher figure, shaded) |
| Sales CAGR 3Y | +0.2% | +13.8% (the higher figure, shaded) |
| Profit CAGR 3Y | −13.3% | +11.5% (the higher figure, shaded) |
| Debt to equity | 0.49× | 0.02× (the lower figure, shaded) |
| Interest cover | 3.8× | 103.9× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 900 | 1,393 |
| 1Y return | −40.5% | −36.3% (the higher figure, shaded) |
| Promoter holding | 72.84% | 62.40% |
Rail Vikas Nigam vs IRCTC: common questions
Which is bigger, Rail Vikas Nigam or IRCTC?
By market cap, Rail Vikas Nigam is bigger at ₹40,312 Cr, against ₹36,560 Cr for IRCTC (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹900 Cr for Rail Vikas Nigam and ₹1,393 Cr for IRCTC.
Which has a lower P/E ratio, Rail Vikas Nigam or IRCTC?
Rail Vikas Nigam trades at a P/E of 44.9× and IRCTC at 26.2×. IRCTC has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Rail Vikas Nigam or IRCTC?
Rail Vikas Nigam reports a return on equity of 9.0% and IRCTC 35.0%. IRCTC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Rail Vikas Nigam or IRCTC?
Over the last three years: Sales grew +0.2% a year at Rail Vikas Nigam and +13.8% at IRCTC, so IRCTC grew sales faster; profit grew −13.3% a year at Rail Vikas Nigam and +11.5% at IRCTC, so IRCTC grew profit faster. Past growth doesn’t predict future growth.