IRCTC Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

The Indian Railway Catering and Tourism Corporation (IRCTC) is always in the spotlight as investors attempt to navigate the volatile Indian stock market, particularly in the hospitality and transportation sectors. IRCTC, a pillar of India’s burgeoning travel and tourism industry, has attracted a lot of attention due to its steady performance and strategic positioning. We hope to provide insights that can guide investment strategies and shed light on this significant player in India’s economic landscape by dissecting key metrics and market trends.

IRCTC Share Price Target 2024-2030

Because the Indian Railways Catering and Tourism Corporation (IRCTC) is a state-controlled organization that provides passenger services for the country’s extensive Indian Railways network, any action taken by the government will have an indirect impact on its analysis of share prices. Since its inception in 1999, IRCTC has held a private monopoly in India’s railway system’s e-ticketing, catering, and hospitality industries up until 2019. While 35% of the IRCTC’s shares are in the public domain, GOI owns 67% of the total shares.

IRCTC Share Price Target Today Update

• The company intends to establish a hotel chain. In Lucknow, Khajuraho, and Kevadia, there are three budget hotels currently open or under construction.
• In partnership with well-known brands like Amazon, Flipkart, and HDFC Life, the company is entering an e-marketplace that features services like bill payment, recharges, and third-party services like online insurance purchases.
• As a Fintech company, IRCTC intends to expand into a variety of markets via its online payment gateway, iPay, including helicopter travel and medical tourism.
• Non-rail tourism ventures like corporate travel services, cruise line operations, river cruise packages, and ticketing services for air transport are all subject to expansion plans.

Check Also:-

NHPC Share Price Target

IREDA Share Price Target

What Is the IRCTC Company?

The Indian Railway Catering and Tourism Corporation, also known as IRCTC, provides the Indian Railway with ticketing, catering, and tourism services. It was established in 1999 and functions as an Indian public sector organization under the Ministry of Railways. 7.31 lakh tickets are typically booked each day by the business. IRCTC has 66 million registered users as of December 2023. The company achieved Miniratna Status in May 2008. In 2002, IRCTC launched its online ticketing system, offering customers a variety of booking options through the website, SMS, and various apps.

IRCTC Business Profile

As it promotes domestic and international travel through the construction of budget hotels, the creation of special packages, and the provision of e-ticketing services, the company is in charge of the operation and management of the catering and hospitality services at railway stations, on trains, and other key locations.

• Rail Neer Plants: With more than 8.03 crore customers, IRCTC is a one-stop shop for a wide range of travel and tourism-related services and products. They have 11 give bases and 15 Rail Neer factories. Its corporate structure consists of one tourism center, one head office, one corporate unit for home ticket booking, five zones, and ten area divisions.
• IRCTC Growth Opportunities: In India’s tourism industry, IRCTC has a lot of room for expansion. Through its e-catering domain, it has attempted to offer Indian railway passengers the best possible services. Its capacity to construct brand-new eating and waiting areas on Indian railway stations contributes to its potential for rapid expansion.

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%

Check Also:-

Dabur Share Price Target

TATA Motors Share Price Target

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 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

Check Also:-

Tata Steel Share Price Target

Bank of Maharashtra Share Price Target

Buy Share of IRCTC Online

Like buying any other stock, buying shares of IRCTC usually requires using an online trading platform. A general guide to buying IRCTC shares online is as follows:

• Choose a Stock Broker: Look for a reputable company that provides online trading services. Check to see that they have a valid registration with the appropriate regulatory bodies.
• Create a Demat (Dematerialized) and Trading Account: If you don’t already have one, you’ll need to create one with your preferred brokerage. You will be able to trade and hold securities electronically with this.
• Complete Know Your Customer (KYC) Requirements: Submit necessary documents like an identity card, proof of address, and a PAN card to satisfy the Know Your Customer (KYC) requirements.
• Deposit Money: Make the necessary deposits into your trading account. Shares will be purchased with this money.
• Investigate IRCTC: Before purchasing shares, investigate IRCTC to learn about its financial performance, prospects for the future, and any other pertinent information. You’ll be able to make a better investment decision with this information.
• Log in to the Trading Platform: Use your credentials to access the online trading platform of your brokerage. Utilize the trading platform’s search function to locate IRCTC’s stock. The National Stock Exchange (NSE) usually uses the symbol “IRCTC” or “IRCTC.NS” to list it.
• Place an Order: Choose whether you want to place a stop-loss, market, or limit order. If you are placing a limit order, enter the quantity of shares you wish to purchase and their price.
• Review and Confirm: Carefully examine the order’s details to ensure that the quantity and price are correct. Confirm the order as soon as you are satisfied.
• Monitor Your Investment: After purchasing IRCTC shares, regularly utilize the trading platform to monitor their performance. Keep up with the latest news and happenings that could affect the stock price.

Final Words

Based on its fundamentals, quarterly results, and projections for the future, IRCTC appears to be a promising investment opportunity for long-term investors looking to get exposure to India’s burgeoning travel and tourism industries. However, prior to making investment decisions, investors ought to carry out additional due diligence and take market risks into consideration. Make sure you do your homework and, if necessary, talk to a financial advisor before making any investment decisions because investing in stocks carries risks.