IRCTC Share Price Target 2024-2030 Fundamentals & Quarterly Results

IRCTC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – As investors seek to navigate the dynamic landscape of the Indian stock market, particularly in the realm of transportation and hospitality, the spotlight invariably falls upon the Indian Railway Catering and Tourism Corporation (IRCTC). A cornerstone of India’s burgeoning travel and tourism sector, IRCTC has garnered significant attention for its resilient performance and strategic positioning. By dissecting key metrics and market trends, we aim to offer insights that can inform investment strategies and illuminate the trajectory of this pivotal player in India’s economic landscape.

IRCTC Share Price Target

Indian Railways Catering and Tourism Corporation (IRCTC) is a state-controlled entity engaging in passenger services for the massive Indian Railways network in the country hence any government action indirectly affect its analysis of shares prices. IRCTC was launched back in 1999 and used to be a private monopoly in the e-ticketing, catering and hospitality sector of India’s railway system up to 2019. GOI has 67% of the overall shares of the IRCTC while 35% of the shares are in the public domain.

IRCTC Share Price Target

IRCTC Overview

Established in 1999, IRCTC is a Miniratna (Category-1 Public Sector Enterprise). It is the only one authorized by the government of India to provide online railway reservations, catering services, and packaged drinking water at railway stations and trains.

Company Name IRCTC
Listed at NSE & BSE
Head Office 37 J.L.Nehru Road, Kolkata 700 071
Board Of Directors
  • Seema Kumar Chairman & Managing Director
  • Kamlesh Kumar Mishra Director
  • Vinay Kumar Sharma Independent Director
  • Devendra Pal Bharti Independent Director
  • Manoj Kumar Gangeya Government Nominee Director
  • Ajit Kumar Director – Finance & CFO
  • Lokiah Ravikumar Director
  • Namgyal Wangchuk Independent Director
  • Neeraj Sharma Government Nominee Director
Official Website irctc.com

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IRCTC Business Profile

The company is responsible for the operation and management of the catering and hospitality services at railway stations, on trains as well as other key locations as it promotes domestic travel and foreign tourism via budget hotels’ construction, special packages creation and e-ticketing service provision.

Rail Neer plants

IRCTC provides an all-in-one answer with respect to an extensive array of products and facilities in the sphere of travel and tourism with over 8.03 crore users. They have 15 Rail Neer factories and 11 give bases. Five zones, ten area divisions, head office of 1 corporate unit, one for home booking tickets and it’s one tourism centre comprise its corporate structure. The establishment plans to put up 5 extra Rail Neer factories in Vijayawada, Vishakapatnam, Bhusawal, Bhubaneswar, Kota etc.

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Services Offered

Mobile Catering – Despite its 391 pantry cars supplying catering services, the company provides on-board vending services for trains that do not have pantry cars as well. Meals are ordered by passengers and are picked from designated pick-up points.

Static Catering -The company operates 306 food plazas and fast food units, 55 Jan-Ahaar and 6 central kitchens for low-cost meals services to passengers, 11 base kitchens, 180 refreshment rooms for ready-to-serve and thali meals and 6 central kitchens.

Other Hospitality Services -The corporation provides 10 executive lounges as well as 25 sleeping rooms with 4 Rail Yatri Niwas /BNR Hotels that have internet access, all you can eat dining, and bathing facilities that are cheap.

e-catering -E-catering is a new service which permits customers to order and pay for meals at restaurants in 200 stations and have them delivered to their seats. E-catering service had 1774 partners restaurants associated with it as well as was offering 8632 meals each day.

Packaged Drinking Water -The company has fifteen factories and five more are being built where 19.86 crore fully automated water bottles are produced with 42% of their capacity used.

Internet Ticketing – The company’s mobile app and website are the only authorized platforms providing online booking service for Indian Railways, with an average of 11.44 lakh tickets booked daily.

The Company further has in recent times introduced a number of new features such as retiring room facility, bus facility integration, payment in EMIs, add meals options, e- gift voucher and automatic payment mechanism for disbursing payments to hotels, bus operators etc.

Apart from that, they also created e-ticketing applications meant for Paramilitary Forces and Booking Reserved Rail e-tickets for BSF personnel, they have also come up with Disha chatbot through which clients can purchase tickets by voice or chat agents.

Tourism –In its area of tourism, the Business provides tourism packages, Plane Packages for businesses, City Tours to clients all via various Verticals like air package or town tours. Company in the Year 2022 had 2440 daily airline tickets booked on its websites, 39 chartered trains plying its routes and sold 63,350 trip packages across its portals alone during this period. The names of luxury trains run by IRCTC include Maharaja Express, Deluxe Tourist Trains among othersaternity wards.

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State Teerth -An introduction by the Govt of India to the Dekho Apna Desh initiative has led to the introduction of Shri Ramayan Yatra by IRCTC, through a deluxe AC Tourist train meant for religious tourists. The journey that takes 17 days is scheduled to cover 10 cities in six states in which Shri Ram lived. The company has launched Pilgrim Special for people who want to traverse the heart of India but on a budget.

A completely included tourist train package, the Buddhist Circuit Special Tourist train traverses all the significant Buddhist Pilgrim locations within India as well as Lumbini situated in Nepal. It offers other services like the State, Election, Hill and Heritage Charter Special Trains as well as IRCTC Corporate Trains as well as the above-mentioned ones.

IRCTC Fundamentals & Quarterly Results

Market Cap ₹ 84,024 Cr.
Current Price ₹ 1,050
High / Low ₹ 1,069 / 604
Stock P/E 73.9
Book Value ₹ 35.6
Dividend Yield 0.53 %
ROCE 59.2 %
ROE 45.4 %
Face Value ₹ 2.00
Debt to equity 0.02
Debt Capacity 0.04
Debt preceding year ₹ 105 Cr.
Debt ₹ 66.8 Cr.
Reserves ₹ 2,686 Cr.
EPS ₹ 13.8
EPS last year ₹ 12.6
Pledged percentage 0.00 %
FCF Prev Ann ₹ 503 Cr.
EVEBITDA 51.3
Industry PE 73.5
PEG Ratio 2.12
Piotroski score 6.00
Earnings yield 1.90 %

IRCTC Quarterly Result

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 243 405 540 691 853 806 918 965 1,002 995 1,118
Expenses 132 193 261 412 532 501 592 640 659 629 724
Operating Profit 112 212 279 279 321 305 326 325 343 367 394
OPM % 46% 52% 52% 40% 38% 38% 35% 34% 34% 37% 35%
Other Income 15 16 16 22 24 26 32 65 -13 47 31
Interest 4 2 2 3 2 5 5 4 4 4 5
Depreciation 11 12 12 14 14 19 10 11 14 14 14
Profit before tax 111 214 282 283 329 307 343 375 312 395 406
Tax % 26% 26% 26% 25% 25% 26% 25% 26% 26% 25% 26%
Net Profit 83 159 209 214 246 226 256 279 232 295 300
EPS in Rs 1.03 1.98 2.61 2.67 3.07 2.83 3.19 3.48 2.90 3.68 3.75

IRCTC CAGR Report

10 Years 5 Years 3 Years TTM (Trailing Twelve Months)
Compounded Sales Growth % 19% 16% 25%
Compounded Profit Growth % 35% 24% 21%
Stock Price CAGR % % 43% 69%
Return on Equity % 35% 35% 45%

Shareholding Pattern

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 67.40% 62.40% 62.40% 62.40% 62.40% 62.40% 62.40%
FII 5.81% 6.84% 6.53% 6.99% 7.11% 7.34% 8.08%
DII 5.57% 8.73% 10.06% 9.92% 10.53% 11.98% 12.72%
Public 21.23% 22.03% 21.01% 20.68% 19.97% 18.28% 16.79%
No. of Shareholders 22,18,734 21,61,327 21,28,348 20,80,264 20,26,798 19,28,851 19,10,307

IRCTC Recent Development

  1. The Company is planning to create a chain of hotels. Presently/building under construction are 3 budget hotels in Lucknow, Khajuraho and Kevadia.
  2. The company is entering an e-marketplace characterized by services such as bill payment, recharges, and other third-party services like online insurance purchases in partnership with renowned brands such as Amazon, Flipkart and HDFC Life.
  3. IRCTC has plans to get into segments such as Helicopter Travels and medical tourism, among others, as a Fintech company in a diversification move through the company’s online payment gate, iPay.
  4. Expansion plans are in place for non-rail tourism ventures which encompass corporate travel services, cruise line operations, river cruise packages as well as air transport ticketing services.

IRCTC Share Price Target 2024-2030 Forecast

Year 1st Target
2nd Target
2024 1099 1150
2025 1400 1450
2026 1800 1900
2027 2150 2250
2028 2400 2475
2029 2650 2850
2030 3100 3400

IRCTC Share Price Target 2025

2025

Price

January

₹1160

February

₹1115

March

₹1050

April

₹1100

May

₹1150

June

₹1170

July

₹1205

August

₹1227

September

₹1285

October

₹1335

November

₹1375

December

₹1400

IRCTC Share Price Target 2026

2026

Price

January

₹1450

February

₹1390

March

₹1320

April

₹1380

May

₹1415

June

₹1445

July

₹1500

August

₹1560

September

₹1630

October

₹1660

November

₹1730

December

₹1800

IRCTC Share Price Target 2027

2027

Price

January

₹1835

February

₹1777

March

₹1743

April

₹1790

May

₹1850

June

₹1890

July

₹1940

August

₹1990

September

₹2040

October

₹2100

November

₹2090

December

₹2150

IRCTC Share Price Target 2028

2028

Price

January

₹2230

February

₹2190

March

₹2140

April

₹2200

May

₹2230

June

₹2275

July

₹2287

August

₹2305

September

₹2335

October

₹2343

November

₹2385

December

₹2400

IRCTC Share Price Target 2029

2029

Price

January

₹2469

February

₹2390

March

₹2370

April

₹2400

May

₹2450

June

₹2500

July

₹2569

August

₹2597

September

₹2647

October

₹2700

November

₹2629

December

₹2650

IRCTC Share Price Target 2030

2030

Price

January

₹2703

February

₹2618

March

₹2590

April

₹2650

May

₹2710

June

₹2790

July

₹2870

August

₹2920

September

₹2960

October

₹3000

November

₹3070

December

₹3100

IRCTC Official Website irctc.com

How to Buy Share of IRCTC Online? Steps

Buying shares of IRCTC, like any other stock, typically involves using an online trading platform. Here’s a general guide to buying shares of IRCTC online:

  1. Select a Stock Broker: Choose a reputable stock brokerage firm that offers online trading services. Ensure they are registered with the appropriate regulatory authorities.
  2. Open a Demat and Trading Account: If you don’t have one already, you’ll need to open a Demat (Dematerialized) account and a trading account with your chosen brokerage. This will allow you to hold and trade securities electronically.
  3. Complete KYC Requirements: Fulfill the Know Your Customer (KYC) requirements by submitting necessary documents such as identity proof, address proof, and PAN card.
  4. Deposit Funds: Deposit the required funds into your trading account. This will be used to purchase shares.
  5. Research IRCTC: Before buying shares, research IRCTC to understand its financial performance, future prospects, and any other relevant information. This will help you make an informed investment decision.
  6. Login to the Trading Platform: Log in to your brokerage’s online trading platform using your credentials.
  7. Search for IRCTC: Use the search function on the trading platform to find IRCTC’s stock. It’s usually listed under the symbol “IRCTC” or “IRCTC.NS” for the National Stock Exchange (NSE).
  8. Place an Order: Choose the type of order you want to place: market order, limit order, or stop-loss order. Enter the quantity of shares you want to buy and the price at which you want to buy them (if you’re placing a limit order).
  9. Review and Confirm: Review the order details carefully to ensure everything is correct, including the quantity and price. Once you’re satisfied, confirm the order.
  10. Monitor Your Investment: After purchasing IRCTC shares, monitor their performance regularly using the trading platform. Keep yourself updated on news and events that may affect the stock price.

Remember that investing in stocks carries risks, and it’s essential to do your research and consult with a financial advisor if needed before making investment decisions. Additionally, the specific steps may vary slightly depending on the brokerage and the trading platform they offer.

Conclusion

based on the comprehensive analysis of IRCTC’s fundamentals, quarterly results, and future projections, it appears to be a promising investment opportunity for long-term investors seeking exposure to India’s dynamic travel and tourism sectors. However, investors should conduct further due diligence and consider market risks before making investment decisions.

FAQs

What is the target price of IRCTC share in 2025?

According to analysts, IRCTC price target is 814.71 INR with a max estimate of 1080.00 INR and a min estimate of 530.00 INR.

What is the target of IRCTC share in 2024?

The share price target of IRCTC for 2024 is expected to be ₹775 as minimum target and ₹831 as maximum target.

What is the target price of IRCTC share in 2030?

The target price for IRCTC shares in 2030 ranges between ₹3,181 and ₹3,580. This projection is based on the historical trend and forecasts provided in the table, indicating a potential growth trajectory for the company's stock value over the specified period

Is IRCTC best for long-term investment?

IRCTC shares provide an opportunity for long term investors. Its diversification in business and numerous new train launches are going to benefit the company and its business model in long term.

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