As of today, September 5, 2024, Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is trading at ₹939.10 on the BSE and NSE. The stock has shown mixed performance recently. While it has experienced a 1.32% gain over the past week, it saw a dip of about 2.81% in the last month.
IRCTC has been actively pursuing several growth initiatives, including a plan to significantly increase its ticketing capacity from 25,000 to 2.25 lakh tickets per minute by March 2025. This is part of their strategy to improve passenger experience and reduce waiting times Additionally, IRCTC has declared a final dividend of ₹4 per share, which represents a 200% payout for the financial year ending in March 2024.
Despite the growth in its catering and Rail Neer segments, the company’s internet ticketing and tourism revenues have plateaued. Analysts have noted that while IRCTC remains a strong player in the market, its current price-to-earnings ratio of 55.85 times suggests some concerns about near-term growth.
Overall, IRCTC remains a solid investment in the passenger transport sector, but it may face challenges as it navigates a fluctuating market environment.
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