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Huge Deal By Railway Company Share; First Time It Will Start For 4 Rail Station

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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/E65.8
Book Value₹ 35.6
Dividend0.59 %
ROCE59.2 %
ROE45.4 %
Face Value₹ 2.00
P/B Value26.3
OPM35.0 %
EPS₹ 13.8
Debt₹ 66.8 Cr.
Debt to Equity0.02

IRCTC Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1000₹1200
2025₹1276₹1389
2026₹1400₹1587
2027₹1600₹1769
2028₹1800₹1976
2029₹2000₹2321
2030₹2400₹2876
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IRCTC Shareholding Pattern

Promoters Holding
Dec 202267.40%
Mar 202362.40%
June 202362.40%
Sept 202362.40%
Dec  202362.40%
FII Holding
Dec 20226.84%
Mar 2023653%
June 20236.99%
Sept 20237.11%
Dec  20237.34%
DII Holding
Dec 20228.73%
Mar 202310.06%
June 20239.92%
Sept 202310.53%
Dec  202311.98%
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Public Holding
Dec 202222.03%
Mar 202321.01%
June 202320.68%
Sept 202319.97%
Dec 202318.28%

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
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Last 5 Years’ Debt-To-Equity Ratio:

2019
2020
2021
20220.01
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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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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