NSE/IRCTC

IRCTCIndian Railway Catering & Tourism

Railways · NSE

₹564.9+2.00%

52-wk low52-WEEK RANGE52-wk high

₹494.5+14.2% from low ·-30.2% from high₹809.05

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

IRCTC-21.02% · 1Y

Range high ₹820.25Range low ₹492.65Latest ₹564.9252 bars · daily-close · NSE bhavcopy + 10Y history

RailwaysTravel ServicesMidcapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite38/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -27.1% — underperformer
· Below 200-DMA (-14.7%) — downtrend

Valuation

High

Looks expensive vs the sector.

· P/E 31.8 close to sector median 33.0
· P/B 10.60 above sector median

Growth

Medium

Steady but not standout growth.

· Revenue YoY +9.5%
· Profit YoY +18.3%

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 33.4% — high-quality compounder
· Net margin 28.1% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(54/100)

Durability

84/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score5/9 (56pt)
Altman Z" score7.95 (100pt)
Debt/Equity0.02 (100pt)
ROE33.4% (100pt)

Valuation

43/100

Trading at a premium — growth must keep delivering to justify.

Show 4 drivers

P/E vs sector (31.8 / 33.0)96% (65pt)
P/B10.60 (17pt)
Dividend yield1.68% (42pt)
EV/EBITDA25.9 (28pt)

Momentum

34/100

Negative momentum — trend and technicals stacked bearish.

Show 5 drivers

52w change-27.1% (0pt)
DMA-trend alignmentdown (25pt)
RSI (14)60.3 (95pt)
Price vs 200-DMA-15.9% (28pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)31.77

FAIR

CheapestP/E 31.8 near sector median.Most expensive

P/B10.60

OVERVALUED

CheapestP/B 10.60 at 100th %ile of sector.Most expensive

EV/EBITDA25.95

OVERVALUED

Monthly seasonality

Avg monthly return over 7 years · historical — not a forecast

Best: Apr +10.02% · Worst: Mar -8.37%

Jan

+5.8%

71% win

Feb

+3.1%

29% win

Mar

-8.4%

29% win

Apr

+10.0%

86% win

May

+1.6%

67% win

Jun

-2.6%

Monthly return distribution

Distribution of 78 monthly returns

Mean

+2.24%

Median

+0.75%

Std dev

12.24%

Best

+44.1%

Worst

-43.7%

% positive

54%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 5

High-quality compounder (ROE 33.4%)
Above 20% ROE consistently flags capital-efficient businesses
Lean balance sheet (D/E 0.02)
Low leverage means earnings are less sensitive to rate cycles
Consistent top-line growth (35.5% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake
Strong net margin (28.1%)
High margin indicates pricing power + operating efficiency
Bankruptcy risk low (Altman Z″ 7.95)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 1

39% upside to consensus target (₹787)
8 analysts see fair value materially higher

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.0%

+4.2%

+7.1%

-13.9%

-20.0%

-20.9%

-2.3%

+6.7%

10Y

+23.2%

Fundamentals

VALUATION

Market cap

₹45,220 Cr

P/E (TTM)

31.8

P/E (fwd)

26.2

next 12m

P/B

10.60

EV/EBITDA

25.9

Book value

₹53.32

per share

PROFITABILITY · QUALITY

ROE

33.4%

ROCE

—

Net margin

28.1%

Op margin

31.3%

Gross margin

37.1%

D/E

0.02

GROWTH · MARKET

Rev YoY

+9.5%

Profit YoY

+18.3%

Div yield

1.68%

Payout

50.5%

52w change

-27.1%

Beta

0.10

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Forward P/E materially below trailing (26.2x vs 31.8x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+High ROE of 33.4%Capital-efficient business — every rupee of equity generates 33.4 paise of earnings
+Strong operating margin (31.3%)Meaningful pricing power or cost discipline — above most Indian companies
+3-year revenue CAGR of 35.5%Sustained multi-year growth — not a one-quarter flash
+3-year profit CAGR of 25.9%Consistently compounding earnings — the Buffett playbook

CONS · 1

−Down -27.1% over the last yearSignificant underperformance — could be opportunity or warning depending on fundamentals

Sector-relative context

Railways · 7 peers

P/E (TTM)

This stock

31.77

Sector median

33.04

Rank 3/7 (71th %ile)

ROE

This stock

33.4%

Sector median

9.5%

Rank 7/7 (14th %ile)

P/B

This stock

10.60

Sector median

4.96

Rank 7/7 (14th %ile)

Quality score · Piotroski F-score

5 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE7.95

Z″ = 7.95 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.759	×6.56	4.980
Retained Earnings / Total Assets (B)	0.296	×3.26	0.966
EBIT / Total Assets (C)	0.218	×6.72	1.466
Book Equity / Total Liabilities (D)	0.509	×1.05	0.535

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

8 analysts · BUY

Target mean

₹787.25

Target high

₹1200.00

Target low

₹537.00

Upside vs today

+39.3%

Street consensus target is +39.3% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Travel Services

Employees

1,393

Shares out

Revenue (TTM)

₹5,024 Cr

EBITDA

₹1,631 Cr

Total debt

₹78 Cr

Cash

₹2,949 Cr

Net debt

₹-2,871 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	1,225	1,268	1,160	1,146	1,449
Operating profit	—	403	381	385	393	453
OPM %	—	32.9%	30.0%	33.2%	34.3%	31.3%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	1,878	3,541	4,260	4,674
Operating profit	847	1,250	1,417	1,505
OPM %	45.1%	35.3%	33.3%	32.2%
Interest	11	16	19	17

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
IRCTCTHIS Indian Railway Catering And Tourism Corporation Limited	₹564.9	-27.1%	45,220	31.8	10.60	33.4%	0.02	+9.5%
RVNL Rail Vikas Nigam Limited	₹303.06	-19.2%	62,360	54.2	6.55	—	0.52	-12.2%
BEML BEML Limited	₹1,772.4	-43.4%	14,685	58.9	5.25	8.9%	0.24	-0.8%
IRCON Ircon International Limited	₹154.69	-5.1%	14,263	23.2	2.21	9.5%	0.79	-14.7%
JWL Jupiter Wagons Limited	₹286.23	-26.5%	12,063	48.8	4.28	—	0.27	+8.8%
RITES RITES Limited	₹221.95	-8.6%	10,544	25.5	4.01	—	0.00	-9.4%
RAILTEL Railtel Corporation Of India Limited	₹335.29	+6.0%	10,487	33.0	4.96	—	0.03	+35.4%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	4.35	4.83	+11.0%
-2q	4.30	4.22	-2.0%
-3q	4.20	4.13	-1.7%
-4q	4.23	4.04	-4.6%

Date	Amount
2026-02-20	₹3.50
2025-11-21	₹5.00
2025-08-22	₹1.00
2025-02-20	₹3.00
2024-11-14	₹4.00
2024-08-23	₹4.00
2023-11-17	₹2.50
2023-08-18	₹2.00
2023-02-22	₹3.50
2022-08-18	₹1.50
2022-02-17	₹2.00
2021-09-21	₹1.00
2020-10-19	₹0.50
2020-02-24	₹2.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	160	160	160	160
Reserves	1,150	1,723	2,440	2,838
Borrowings	105	84	60	90
Other liabilities	6	16	17	34
Total liabilities	3,884	5,089	6,091	6,799
Fixed assets	374	571	770	852
CWIP	71	250	457	66
Investments	—	0	1	1
Other assets	0	0	0	0
Total assets	3,884	5,089	6,091	6,799

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	524	812	882	833
CF Investing	-242	-317	-200	-252
CF Financing	-258	-434	-404	-910
Net cash flow	23	61	277	-329
Free cash flow	502	744	650	786

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	32.2%	33.3%	35.3%	45.1%
Net margin %	28.1%	26.1%	28.4%	35.1%
ROE %	47.0%	49.6%	63.0%	50.3%
ROCE %	61.7%	65.5%	81.0%	63.3%
Debt / Equity	0.03	0.02	0.04	0.08
Interest coverage	105.0×	81.3×	85.0×	81.1×
Revenue growth YoY	+9.7%	+20.3%	+88.5%	—
Profit growth YoY	+18.3%	+10.5%	+52.5%	—

IRCTCIndian Railway Catering & Tourism

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Railways

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Railways