Indian Railway Catering & Tourism Corporation Analysis (March) 2026

Indian Railway Cater...

NSEI:IRCTC

Rp 523,75

Rp0,00 (0,00%)

523,75 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Indian Railway Catering & Tourism Corporation Stock Value

According to analysts, the current valuation of NSEI:IRCTC is Outperform.

Outperform

Indian Railway Catering & Tourism Corporation Company Info

EPS Growth 5Y

19,35%

Market Cap

Rp419,00 B

Long-Term Debt

Rp0,00 B

Annual earnings

05/28/2026 (E)

Dividend

Rp9,01

Dividend Yield

1,72%

Founded

1999

Industry

Industrials

Country

India

Website

Indian Railway Catering & Tourism Corporation

ISIN Number

INE335Y01020

Website

http://www.irctc.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp710,50

35.66%

Last Update: 03/28/2026

Analysts: 8

Highest Price Target Rp1.200,00

Average Price Target Rp710,50

Lowest Price Target Rp537,00

In the last five quarters, Indian Railway Catering & Tourism Corporation’s Price Target has fallen from Rp931,65 to Rp834,57 - a -10,42% decrease. Six analysts predict that Indian Railway Catering & Tourism Corporation’s share price will increase in the coming year, reaching Rp710,50. This would represent an increase of 35,66%.

Top growth stocks in the industrials sector (5Y.)

What does Indian Railway Catering & Tourism Corporation do?

Indian Railway Catering & Tourism Corporation Limited (IRCTC) is under the Ministry of Railways, Government of India, primarily responsible for catering, tourism, and ticketing services within the Indian railway sector. Business Segments The company operates through Catering Services, Internet Ticketing Services, Rail Neer, Tourism Services and State Teertha segments. Catering Services This segment is the cornerstone of IRCTC’s operations, offering a wide array of catering options, including...

Business Segments

The company operates through Catering Services, Internet Ticketing Services, Rail Neer, Tourism Services and State Teertha segments.

Catering Services

This segment is the cornerstone of IRCTC’s operations, offering a wide array of catering options, including E-catering, mobile catering, and management of executive lounges at railway stations.

Internet Ticketing Services

This segment involves digital solutions, IRCTC has developed a comprehensive platform enabling passengers to book e-tickets for trains, buses, flights, and hotels.

Rail Neer

Rail Neer represents the company’s packaged drinking water service, ensuring high standards of hygiene and availability for passengers during their journeys. This segment underscores IRCTC’s dedication to passenger welfare and health.

Tourism Services

This segment offers a plethora of domestic and international tour packages. This includes arranging corporate travel, logistics, and religious tours, making IRCTC a significant facilitator of cultural and leisure tourism in India.

State Teertha

This segment is focused on pilgrimage tourism, this segment provides specialized packages for spiritual journeys, helping devotees to participate in religious events across various states in India.

Business Strategy

The company’s strategy focuses on enhancing operational efficiency, broadening its service range, and optimizing customer experiences. By embedding technology into its operations, IRCTC is positioned to offer better service delivery, particularly through its ticketing platform, which has revolutionized how passengers book tickets. The use of digital solutions for e-ticketing caters to growing consumer demand for convenience and expediency in travel bookings.

Moreover, the company's commitment to quality in catering services ensures that it meets the diverse culinary needs of its passengers, enhancing customer satisfaction and loyalty. It continually looks to improve and innovate its catering offerings, for instance, through E-catering, which allows customers to order meals of their choice from restaurants while traveling.

The company also focuses on various partnerships and collaborations to enhance service offerings and develop new market segments, thereby ensuring sustained growth and a broader market footprint.

Products and Services

IRCTC offers an extensive range of products and services that cater to the diverse needs of railway passengers and tourists. The primary offerings include:

Catering Services: This covers a wide array of meal options provided onboard trains and at railway stations, including packed meals, fresh cooked meals, and special dietary meals depending on passenger requirements.

E-Catering: A sophisticated platform that allows passengers to order food from a variety of pre-registered restaurants, providing choices that cater to different tastes and preferences.

Rail Neer: The bottled water brand offers purified drinking water to ensure passenger health and safety, which is crucial for long-distance railway travel.

Tourism Packages: Customized packages for leisure and corporate travel encompassing hotel reservations, transport arrangements, and guided tours to numerous domestic and international destinations.

Religious Tour Services: Tailored pilgrim packages that cover prominent religious sites, enhancing spiritual journeys across India.

In addition, the company provides comprehensive ticketing solutions that encompass the booking of rail tickets, flight tickets, hotel reservations, and bus services, thus serving as a one-stop solution for travelers.

Geographical Markets Served

The company's operations are primarily concentrated within India, covering all states and union territories. Its substantial market presence is solidified through its extensive network of catering services and ticketing offices across the nation, serving millions of railway passengers annually. The emphasis remains largely on the Indian market, with no engagement in international export operations.

Seasonality

The company experiences seasonal fluctuations, which are inherently linked to the nature of railway travel and tourism in India. The peak seasons, such as holiday periods, festivals, and summer vacations, see significant increases in passenger numbers, translating to higher demand for catering and ticketing services. Conversely, during off-peak periods, the demand may decrease, affecting the volume of services provided. The company strategically prepares for these seasonal variations by optimizing its resource allocation and service offerings to cater to increased demand during peak times.

Customers

IRCTC serves a diverse customer base, ensuring that its services reach various segments, including Railway Passengers, Corporate Clients, Pilgrims and Tourists and International Visitors.

The precise number of customers served is vast, given that millions utilize IRCTC’s services on a daily basis, particularly with its robust ticketing platform facilitating bookings across various travel arrangements.

Modes of Sales and Marketing

IRCTC employs an integrated approach to sales and marketing, utilizing both digital platforms and traditional methods to reach its audience. The primary mode of marketing includes digital marketing, collaborative partnerships and public relations and branding.

The distribution channels primarily rely on an online ticketing platform, catering services at stations, and collaborations with various stakeholders to ensure a seamless experience for customers.

Government Regulations

IRCTC operates under stringent regulations set forth by the Government of India. Compliance with laws pertaining to operational standards, consumer safety, financial reporting, and environmental sustainability are pivotal in its operations. The company adheres strictly to the regulations laid out by the Ministry of Corporate Affairs and the Department of Public Enterprises, ensuring transparency and accountability in its methodologies.

History

Indian Railway Catering & Tourism Corporation Limited was founded in 1999. The company was incorporated in 1999.

Indian Railway Catering & Tourism Corporation Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main revenue sources of IRCTC:** 1. **Internet Ticketing** 2. **Catering** 3. **Tourism** 4. **Sale of Drinking Water (Rail Neer)** **TOP 3 markets and their percentage shares:** 1. **Internet Ticketing:** approx. 50% 2. **Catering:** approx. 25% 3. **Tourism:** approx. 15% IRC...

At which locations are the company’s products manufactured?

**Production Sites:** India (various locations) Indian Railway Catering & Tourism Corporation Limited (IRCTC) is a company that mainly offers services in the catering, tourism, and online ticketing sectors for the Indian railways. Since IRCTC does not produce physical products in the traditiona...

What strategy does Indian Railway Catering & Tourism Corporation pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2025) **Profit Growth:** Estimated 8-10% annually (2025) The Indian Railway Catering & Tourism Corporation Limited (IRCTC) is pursuing several strategic initiatives to secure its future growth. One of the main strategies is diversifying its servic...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Food products, packaging materials **Countries of Origin:** India, USA, China, European countries IRCTC, as a subsidiary of Indian Railways, is primarily engaged in catering, tourism, and online ticketing. The main raw materials imported by IRCTC are food products...

How strong is the company’s competitive advantage?

**Market share in online ticketing:** Over 70% (estimated for 2025) **Monopoly position in catering:** 100% for Indian Railways **Tourism growth:** 10% (2024) Indian Railway Catering & Tourism Corporation Limited (IRCTC) has a significant competitive advantage due to its monopoly position i...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 7.5% (2025, estimated) **Insider Buys/Sells:** No significant transactions in the last year (2025, estimated) The institutional investor share in IRCTC is around 7.5%. This indicates a moderate interest from institutional investors, pointing to the c...

What percentage market share does Indian Railway Catering & Tourism Corporation have?

**Market share of IRCTC:** 70% (2025, estimated) **Main competitors and their market share:** 1. **MakeMyTrip:** 10% 2. **Cleartrip:** 7% 3. **Yatra:** 5% 4. **EaseMyTrip:** 4% 5. **RedBus:** 3% 6. **Ixigo:** 1% **Moat of IRCTC:** IRCTC has a significant moat, mainly due to its exclusive partners...

Is Indian Railway Catering & Tourism Corporation stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 20% (2024) **Market Share in Online Ticketing:** 70% (2024) The Indian Railway Catering & Tourism Corporation Limited (IRCTC) recorded strong revenue growth of 18% in 2024, driven by increasing demand for online ticketing and catering services....

Does Indian Railway Catering & Tourism Corporation pay a dividend – and how reliable is the payout?

**Dividend yield:** 1.5% (estimated for 2025) **Dividend history:** Continuous payout over the last 5 years The Indian Railway Catering & Tourism Corporation Limited (IRCTC) has regularly distributed dividends in recent years. The dividend yield for 2025 is estimated to be around 1.5%, based o...

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Indian Railway Catering & Tourism Corporation Stock Value

Indian Railway Catering & Tourism Corporation Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Indian Railway Catering & Tourism Corporation do?

Indian Railway Catering & Tourism Corporation Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Indian Railway Catering & Tourism Corporation Stock Value

Indian Railway Catering & Tourism Corporation Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Indian Railway Catering & Tourism Corporation do?

Indian Railway Catering & Tourism Corporation Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.