Indian Railway Catering And Tourism Corporation Ltd.
Consumer Goods · NSE
52-week range
₹493 – ₹809
From 52w high
-30.1%
RSI (14)
57.1
vs SMA 50 / 200
↑ 50 · ↓ 200
IRCTC (Indian Railway Catering and Tourism Corporation) trades at ₹562.55, carrying a trailing PE of 31.6x (forward PE 26.0x) and a 28.4% net profit margin, reflecting its near-monopoly position in online rail ticketing and catering. The stock has declined 23.1% over 12 months and sits 13.5% below its 200-day SMA at ₹649.42, despite a 5-year revenue CAGR of 18.4% and a fundamental consistency score of 93. A dividend yield of 1.68% and debt-to-equity of 1.84 round out the current positioning.
- ✓Fundamental consistency score of 93 with 4 of 5 years of positive free cash flow and 4 of 5 years with ROE above 15%, reflecting sustained earnings quality over the measurement period.
- ✓5-year revenue CAGR of 18.4% and earnings CAGR of 15.7%, supported by IRCTC's structural monopoly on Indian Railways online ticketing, catering, and packaged drinking water segments.
- ✓Net profit margin of 28.4% is materially high for the consumer-services category; trailing PE of 31.6x and forward PE of 26.0x indicate some compression relative to sector peers (Asian Paints 64.4x, Titan 76.0x, Trent 87.4x, DMart 96.1x).
- ✓Quality score of 56 ranks 1st of 6 within the assigned Consumer Goods peer group, and a dividend yield of 1.68% is present alongside positive FCF — an uncommon combination in high-growth government-linked enterprises.
- ✗Price is 13.5% below the 200-day SMA and has declined 23.1% over 12 months and 9.0% over 3 months, reflecting a sustained period of underperformance against the stock's own longer-term trend.
- ✗30.4% drawdown from the 52-week high with resistance clustered at ₹570.05 (1.3% away) and a denser band at ₹635.30–635.40; the 200-DMA sits at ₹649.42 — all lie above current price.
- ✗MSCI rebalancing removed IRCTC from the relevant index in April 2026, a passive-flow event that may have contributed to mechanical selling pressure independent of business fundamentals.
- ✗Debt-to-equity of 1.84 is elevated relative to the asset-light nature of the ticketing business; the ongoing Delhi High Court stay on a catering licence fee arbitral award introduces unquantified contingent liability exposure.
- ·IRCTC's Q3 results were reported in May 2026 (Mint, May 8); no specific revenue or profit numbers were available in the headline, leaving earnings momentum unclear from available data.
- ·IRCTC Payments is targeting ticketing and government clients to grow transaction volumes (Business Standard, April 14), signalling a push to extend the payments vertical beyond railway ticketing.
- ·Cleartrip entered a partnership with IRCTC to integrate train bookings into its multi-modal platform (April 2026), potentially expanding the distribution reach for IRCTC's inventory without requiring direct capital investment.
- ?Does the de-rating from peers (IRCTC trailing PE 31.6x vs sector range 64–96x) reflect a structural reassessment of IRCTC's growth trajectory, a policy-risk discount, or a reversion to a more normalised multiple for a government-linked entity?
- ?How has the MSCI index removal affected institutional and FII ownership levels, and are there subsequent passive-flow reversals that could alter the supply-demand picture?
- ?Given the fundamental consistency score of 93 and a 5-year revenue CAGR of 18.4%, what factors — regulatory, competitive, or structural — would need to materialise to sustain this growth rate over the next 5 years?
- ?What is the financial exposure of the Delhi High Court catering licence fee dispute, and how does it compare to IRCTC's annual catering revenue contribution?
PE
31.6
Forward PE
26.0
ROE
—
Profit margin
+28.4%
D/E
1.84
Dividend yield
+1.7%
Quality score
56/100
ROE 5y above 15%
4/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.