INDIAN RAILWAY CATERING & TOURISM CORPORATION LIMITED Financials Indian Railway Catering & Tourism Corporation Limited
Equities
IRCTC
INE335Y01020
Passenger Transportation, Ground & Sea
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,046 INR | +0.30% |
|
-6.84% | +17.79% |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 157,208 | 281,120 | 619,760 | 458,240 | 866,480 | - | - |
| Enterprise Value (EV) 1 | 144,244 | 265,485 | 603,511 | 439,744 | 743,760 | 829,790 | 823,677 |
| P/E ratio | 29.7 x | 148 x | 93.3 x | 45.6 x | 66.9 x | 64.9 x | 56.4 x |
| Yield | 1.27% | 0.28% | 0.45% | 0.96% | 0.57% | 0.88% | 0.88% |
| Capitalization / Revenue | 6.91 x | 35.9 x | 33 x | 12.9 x | 17.4 x | 16.1 x | 15.7 x |
| EV / Revenue | 6.34 x | 33.9 x | 32.1 x | 12.4 x | 17.4 x | 15.4 x | 15 x |
| EV / EBITDA | 20.2 x | 139 x | 68.5 x | 34.5 x | 50.7 x | 48.9 x | 42.5 x |
| EV / FCF | 39 x | 156 x | 128 x | 59.2 x | 107 x | 65.7 x | 55.2 x |
| FCF Yield | 2.57% | 0.64% | 0.78% | 1.69% | 0.94% | 1.52% | 1.81% |
| Price to Book | 11.8 x | 19.2 x | 32.9 x | 18.5 x | 26.7 x | 20.9 x | 16.9 x |
| Nbr of stocks (in thousands) | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | - | - |
| Reference price 2 | 196.5 | 351.4 | 774.7 | 572.8 | 1,083 | 1,083 | 1,083 |
| Announcement Date | 7/10/20 | 6/29/21 | 5/30/22 | 5/29/23 | 5/28/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,679 | 22,755 | 7,831 | 18,795 | 35,415 | 42,702 | 53,898 | 55,034 |
| EBITDA 1 | - | 7,134 | 1,915 | 8,807 | 12,762 | 14,662 | 16,957 | 19,364 |
| EBIT 1 | - | 6,735 | 1,452 | 8,317 | 12,225 | 14,090 | 16,559 | 18,998 |
| Operating Margin | - | 29.6% | 18.55% | 44.25% | 34.52% | 33% | 30.72% | 34.52% |
| Earnings before Tax (EBT) 1 | - | 7,454 | 2,609 | 8,895 | 13,540 | 14,963 | 17,905 | 20,585 |
| Net income 1 | - | 5,286 | 1,899 | 6,637 | 10,059 | 11,113 | 13,357 | 15,354 |
| Net margin | - | 23.23% | 24.25% | 35.31% | 28.4% | 26.02% | 24.78% | 27.9% |
| EPS 2 | - | 6.608 | 2.374 | 8.300 | 12.57 | 13.89 | 16.68 | 19.20 |
| Free Cash Flow 1 | - | 3,700 | 1,699 | 4,716 | 7,427 | 7,882 | 12,634 | 14,926 |
| FCF margin | - | 16.26% | 21.7% | 25.09% | 20.97% | 18.44% | 23.44% | 27.12% |
| FCF Conversion (EBITDA) | - | 51.87% | 88.73% | 53.55% | 58.2% | 51.55% | 74.51% | 77.08% |
| FCF Conversion (Net income) | - | 70.01% | 89.48% | 71.06% | 73.84% | 67.05% | 94.59% | 97.21% |
| Dividend per Share 2 | - | 2.500 | 1.000 | 3.500 | 5.500 | 6.120 | 9.500 | 9.500 |
| Announcement Date | 8/21/19 | 7/10/20 | 6/29/21 | 5/30/22 | 5/29/23 | 5/28/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,244 | 3,388 | 2,434 | 4,049 | 5,402 | 6,910 | 8,526 | 8,058 | 9,181 | 9,650 | 10,018 | 10,551 | 10,718 | 11,462 |
| EBITDA 1 | 946.5 | 1,463 | 1,115 | 2,115 | 3,118 | 2,785 | 3,209 | 3,049 | 3,258 | 3,246 | 3,430 | 3,694 | 3,824 | 3,952 |
| EBIT 1 | 850.3 | 1,276 | 1,003 | 1,997 | 3,000 | 2,644 | 3,074 | 2,863 | 3,154 | 3,134 | 3,293 | 3,700 | 3,719 | 3,915 |
| Operating Margin | 37.9% | 37.66% | 41.21% | 49.31% | 55.54% | 38.26% | 36.05% | 35.53% | 34.36% | 32.48% | 32.87% | 35.07% | 34.7% | 34.16% |
| Earnings before Tax (EBT) | 1,044 | 1,392 | - | 2,137 | 2,815 | 2,832 | 3,293 | 3,075 | 3,426 | 3,746 | - | - | - | - |
| Net income 1 | 780.9 | 1,038 | 825.2 | 1,586 | 2,088 | 2,138 | 2,455 | 2,260 | 2,555 | 2,788 | 2,322 | - | - | 2,945 |
| Net margin | 34.8% | 30.63% | 33.91% | 39.16% | 38.65% | 30.94% | 28.8% | 28.05% | 27.83% | 28.89% | 23.18% | - | - | 25.69% |
| EPS 2 | 0.9760 | 1.298 | 1.032 | 1.982 | 2.610 | 2.670 | - | 2.820 | 3.190 | 3.480 | 2.900 | - | - | 3.700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/28/21 | 6/29/21 | 8/12/21 | 11/1/21 | 2/8/22 | 5/30/22 | 8/10/22 | 11/14/22 | 2/9/23 | 5/29/23 | 8/9/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 12,964 | 15,635 | 16,249 | 18,496 | 26,236 | 36,690 | 42,803 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 3,700 | 1,699 | 4,716 | 7,427 | 7,882 | 12,634 | 14,926 |
| ROE (net income / shareholders' equity) | - | 44.1% | 13.7% | 39.6% | 45.3% | 42.5% | 41% | 34.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 24% | 26% | 26% |
| Assets 1 | - | - | - | - | - | 48,977 | 51,372 | 59,055 |
| Book Value Per Share 2 | - | 16.60 | 18.30 | 23.60 | 31.00 | 40.60 | 51.70 | 64.20 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | 353 | 773 | 522 | 674 | 1,283 | 1,137 | 910 |
| Capex / Sales | - | 1.55% | 9.88% | 2.77% | 1.9% | 3% | 2.11% | 1.65% |
| Announcement Date | 8/21/19 | 7/10/20 | 6/29/21 | 5/30/22 | 5/29/23 | 5/28/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.74% | 10.42B | |
| -3.88% | 22.21B | |
| +5.56% | 9.99B | |
| +5.96% | 7B | |
| -18.31% | 6.06B | |
| +20.21% | 4.57B | |
| -26.54% | 4.1B | |
| -24.66% | 3.89B | |
| -28.37% | 3.67B | |
| -15.72% | 2.97B |
- Stock Market
- Equities
- IRCTC Stock
- Financials Indian Railway Catering & Tourism Corporation Limited
