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Indian Railway Catering And Tourism Corporation (IRCTC) had a P/E of 26.2× on 6 Nov 2026, above the industry P/E of 23.5×, and the shares are 37% below their 52-week high. Sales and net profit grew 14% and 11% a year over 3 years, with ROCE of 41% and ROE of 35%. It carries very little debt, and its dividend yield is 2.0%. It is a mid-cap company with a market cap of ₹36,560 Cr, the largest of 15 Travel Services companies by market cap; the shares fell 36% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹457.20
Day high
₹460.40
Day low
₹450.10
Prev. close
₹457.70
Volume
13.5 L

Health check

2 good · 3 fair · 1 to check
  • ReturnsIn line

    −36.3% over a year, better than 4 of 7 peers.

  • Price tagIn line

    P/E 26.2 vs industry 23.5.

  • GrowthSteady

    Sales +13.8%, profit +11.5% a year over 3 years.

  • ProfitabilityStrong

    ROCE 41.1% vs peer median 12.1%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flags1 to check

    37% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Travel Services

14 listed peers. Screen the industry

Mid cap

₹36,560 Cr, the largest of 15 in its industry.

Defensive

Beta 0.28 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹5,425 Cr · profit ₹1,393 Cr
Market cap
₹36,560 Cr
Mid cap
P/E
26.2
Industry 23.5
Price to book
8.49
Peers 1.76
Dividend yield
1.97%
ROE
35.0%
Peers 8.4%
ROCE
41.1%
Peers 12.1%
Debt to equity
0.02
Debt ₹81 Cr
EPS (TTM)
₹17.42
Face value ₹2
OPM (TTM)
29.6%
Net margin 25.7%
Sales growth
+18.1%
Latest quarter vs a year ago
Profit growth
−0.2%
Latest quarter vs a year ago
Price to sales
6.74
EV/EBITDA 20.3

Strengths and risks

Strengths

  • Return on equity of 35.0%.
  • Return on capital employed of 41.1%.
  • Practically debt-free.
  • Quarterly sales up 18.1% on a year ago.
  • Net margin of 25.7%.

Risks to check

  • 37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Indian Railway Catering And Tourism Corporation

Indian Railway Catering & Tourism Corporation Limited engages in the provision of catering and hospitality, Internet ticketing, travel and tourism, and packaged drinking water services in India. The company operates through four segments: Catering, Railneer, Tourism & Train Operation, and Internet Ticketing. It provides mobile catering services for Vande Bharat, Rajdhani, Shatabdi, Duronto, Gatiman, Tejas, and mail/express trains as well as engages in the…

Headquarters
New Delhi
Employees
1,318
Sector
Consumer Cyclical
ISIN
INE335Y01020
Website
irctc.com

Price range

52 weeks

₹435.00₹720.80

Today

₹450.10₹460.40
Avg volume (3M)
7.9 L
1-year return
minus 36.3%
From 52-week high
minus 36.6%

Analyst consensus

9 analysts
No consensusMean target ₹641.33 plus 40.3%

Target range, with today’s price

Low ₹468.00High ₹850.00

Today’s price ₹457.00 is below the lowest analyst target.

Next results expected around 12 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Travel Services

Compare with peersScreen the whole industry
Company
IRCTCIndian Railway Catering And Tourism Corporation457.00minus 0.15%36,56026.28.4941.1%35.0%29.6%13.8%11.5%1.97%minus 36.3%
TBOTEKTBO Tek1,564.70minus 0.75%16,74661.79.6715.0%17.5%14.3%36.7%19.2%0.00%minus 0.8%
IXIGOLe Travenues Technology165.89plus 1.28%7,32049.53.41–10.7%7.2%––0.00%minus 37.2%
THOMASCOOKThomas Cook (India)100.28plus 5.42%4,71721.41.7610.5%7.8%4.9%18.4%223.5%0.50%minus 41.2%
EASEMYTRIPEasy Trip Planners6.02plus 0.67%2,399–2.55−5.0%−5.2%−5.2%6.1%–0.00%minus 24.6%
YATRAYatra Online77.39plus 0.08%1,21439.11.476.7%5.8%7.1%41.3%83.0%0.00%minus 46.3%
ITHLInternational Travel House278.50minus 0.46%22313.61.2013.7%9.1%13.5%8.1%−13.3%1.97%minus 39.0%
TRADWINTrade Wings479.00minus 0.08%144105.7−15.6945.6%–−0.7%7.1%−10.4%0.00%plus 749.4%
Median of 7 peers–0.08%2,39944.31.7612.1%8.4%7.1%13.3%19.2%0.00%−37.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
1,1601,1461,4491,4601,370
7747539961,075995
385393453385374
33.2%34.3%31.3%26.4%27.3%
61.26369.866.571.7
4.54.44.64.84.3
–5.810.90.1–
442457529447442
25.2%25.2%25.5%26.9%25.3%
331342394326330
4.134.284.934.084.13

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+13.8%
Profit CAGR 3Y
+11.5%
EPS CAGR 3Y
+11.5%
ROE
35.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,5414,2604,6745,214
–+20.3%+9.7%+11.6%
2,2372,7863,1173,537
1,3041,4741,5571,677
36.8%34.6%33.3%32.2%
120164228260
16.118.616.918.2
53.757.252.649.6
−0−66.141.25.6
1,3541,4961,7571,875
25.7%25.7%25.2%25.7%
1,0061,1111,3151,393
–+10.5%+18.3%+6.0%
12.5713.8916.4417.42

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
160160160160
2,3183,0703,5034,149
84.260.489.880.7
2,5262,8013,0463,190
5,0896,0916,7997,580
571770852832
25045765.849.2
0.11.21.10.5
1,9742,2412,2122,799
2,2942,6223,6693,899
5,0896,0916,7997,580

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8128828331,273
−317−200−258−446
−434−404−910−787
60.6277−33439.7
−67.6−232−47.6−77.9
7446507861,195
−400−360−880−760

Shareholding pattern

Source: NSE filings
62.4%
promoters
  • Promoters62.40%
  • Public37.60%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202662.40%37.60%0.00
30 Jun 202662.40%37.60%0.00
31 Mar 202662.40%37.60%0.00
31 Dec 202562.40%37.60%0.00
30 Sep 202562.40%37.60%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you