Indian Railway Catering & Tourism Corporation Ltd share Price

Indian Railway Catering and Tourism Corporation is a majority-owned subsidiary of Indian Railways engaged in Catering and Hospitality, Internet Ticketing, Travel and Tourism. The company started on 27th September 1999 with a market capitalization of Rs. 43,551.20 crores as of 16th August 2021. It has a quarterly net sales turnover of Rs. 243.37 crores at the end of June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 542830 and scrip code IRCTC. As of 16th August 2021, IRCTC was trading at Rs.2629.60.

The corporation was initially entirely owned by the Indian government and operated under the Indian Ministry of Railways, but in 2019, it was floated on the National Stock Exchange, with the government maintaining a majority stake. As a result, it was classified as a mini Ratna corporation, and as a result, it was allowed a certain degree of financial autonomy. The promoter of the company is the Government of India, which initially held a 100% stake in the company, but with the listing of the company’s share on the National Stock Exchange government’s holding was reduced to 87%, and then in December 2020 to another 20%, reducing its holding in IRCTC to 67%.

In June 2021, IRCTC reported a net profit of Rs. 82 crores against a loss of Rs. 24 crores in the year-ago period and a profit of Rs. 103 crores in March 2021 quarter. Revenue from operations for the company in June 2021 quarter rose 85.40% to Rs. 243 Crore as compared to Rs. 131 crore in the last year’s quarter. In the case of segments, revenue from the catering segment fell 37% to Rs. 56 crores from Rs. 89 crores in the year-earlier period. On the other hand, Internet ticketing revenues rose more than 300% to Rs. 149 crores, while that from the category more than doubled to Rs. 7 crores. A proposal for a split of 1 share into 5 equity shares at face value of Rs. 2 each was approved subject to approval of the Ministry of Railways. EPS of the company has reduced to Rs. 5.16 in June 2021 as compared to Rs. 6.49 in the quarter ending March 2021. IRCTC’s shares closed at Rs. 2629.60 (NSE) on 16th August 2021 and has given 90.06% returns over the last 12 months.