Indian Railway Catering and Tourism Corporation (NSE: IRCTC)
Has engaged with the online food delivery service Swiggy. IRCTC has joined forces to deliver pre-ordered meals ordered by customers via the company’s e-Catering portal.
In this regard, Swiggy will currently serve IRCTC customers in 4 railway stations which include Bengaluru, Bhubaneswar, Vijayawada, and Visakhapatnam.
What Did The Company’s Statement Say?
IRCTC announced to the stock exchange that Bundle Technologies Ltd (Swiggy Foods) will deliver and supply food items that can be pre-ordered on the IRCTC e-Catering portal as POC at four railway stations during the initial phase.
According to this company, Swiggy Foods service will be offered in Bengaluru, Bhubaneswar, Vijayawada, and Visakhapatnam. With this announcement,
IRCTC shares closed 1.04 percent more with Rs935.95 for equity shares at BSE the previous day.
IRCTC’s Main Focus Is On Expansion
We’ll tell our readers that IRCTC is looking to partner with other companies and agreements to expand its offerings to a wide number of stations, with greater food options available to its customers.
Just a few months ago, IRCTC partnered with food delivery app Zomato to provide and provide pre-ordered meals at various railway stations.
In the event of the announcement in October, passengers of trains can use Zomato’s services at selected stations like New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi.
Swiggy Is Preparing For Launch Of Ipo
At the same time food delivery company Swiggy is in the process of preparing to join the stock market in the coming year.
Swiggy is expected to prepare a draft prospectus red herring with SEBI to facilitate the IPO launch.
We’ll be clear that the company is aiming for the IPO valuation goal of $11 billion. The company hopes to raise approximately amount of Rs8,300 through an IPO in 2024.
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 | ₹ 74,804 Cr. |
| Current Price | ₹ 938 |
| 52-wk High | ₹ 1,050 |
| 52-wk Low | ₹ 557 |
| Stock P/E | 65.8 |
| Book Value | ₹ 35.6 |
| Dividend | 0.59 % |
| ROCE | 59.2 % |
| ROE | 45.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 26.3 |
| OPM | 35.0 % |
| EPS | ₹ 13.8 |
| Debt | ₹ 66.8 Cr. |
| Debt to Equity | 0.02 |
IRCTC Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1000 | ₹1200 |
| 2025 | ₹1276 | ₹1389 |
| 2026 | ₹1400 | ₹1587 |
| 2027 | ₹1600 | ₹1769 |
| 2028 | ₹1800 | ₹1976 |
| 2029 | ₹2000 | ₹2321 |
| 2030 | ₹2400 | ₹2876 |
IRCTC Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 67.40% |
| Mar 2023 | 62.40% |
| June 2023 | 62.40% |
| Sept 2023 | 62.40% |
| Dec 2023 | 62.40% |
| FII Holding | |
| Dec 2022 | 6.84% |
| Mar 2023 | 653% |
| June 2023 | 6.99% |
| Sept 2023 | 7.11% |
| Dec 2023 | 7.34% |
| DII Holding | |
| Dec 2022 | 8.73% |
| Mar 2023 | 10.06% |
| June 2023 | 9.92% |
| Sept 2023 | 10.53% |
| Dec 2023 | 11.98% |
| Public Holding | |
| Dec 2022 | 22.03% |
| Mar 2023 | 21.01% |
| June 2023 | 20.68% |
| Sept 2023 | 19.97% |
| Dec 2023 | 18.28% |
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 | ₹ 4,080 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 309 Cr |
| 2020 | ₹ 513 Cr |
| 2021 | ₹ 187 Cr |
| 2022 | ₹ 660 Cr |
| 2023 | ₹ 1,106 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: | 21% |
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: | 25% |
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 in your further investment.
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