IRCTC Share Price Target 2024-2030 Fundamentals & Quarterly Results - MSSV (2024)

IRCTC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – As investors seek to navigate the dynamic landscape of the Indian stock market, particularly in the realm of transportation and hospitality, the spotlight invariably falls upon the Indian Railway Catering and Tourism Corporation (IRCTC). A cornerstone of India’s burgeoning travel and tourism sector, IRCTC has garnered significant attention for its resilient performance and strategic positioning. By dissecting key metrics and market trends, we aim to offer insights that can inform investment strategies and illuminate the trajectory of this pivotal player in India’s economic landscape.

Indian Railways Catering and Tourism Corporation (IRCTC) is a state-controlled entity engaging in passenger services for the massive Indian Railways network in the country hence any government action indirectly affect its analysis of shares prices. IRCTC was launched back in 1999 and used to be a private monopoly in the e-ticketing, catering and hospitality sector of India’s railway system up to 2019. GOI has 67% of the overall shares of the IRCTC while 35% of the shares are in the public domain.

IRCTC Overview

Established in 1999, IRCTC is a Miniratna (Category-1 Public Sector Enterprise). It is the only one authorized by the government of India to provide online railway reservations, catering services, and packaged drinking water at railway stations and trains.

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IRCTC Business Profile

The company is responsible for the operation and management of the catering and hospitality services at railway stations, on trains as well as other key locations as it promotes domestic travel and foreign tourism via budget hotels’ construction, special packages creation and e-ticketing service provision.

Rail Neer plants

IRCTC provides an all-in-one answer with respect to an extensive array of products and facilities in the sphere of travel and tourism with over 8.03 crore users. They have 15 Rail Neer factories and 11 give bases. Five zones, ten area divisions, head office of 1 corporate unit, one for home booking tickets and it’s one tourism centre comprise its corporate structure. The establishment plans to put up 5 extra Rail Neer factories in Vijayawada, Vishakapatnam, Bhusawal, Bhubaneswar, Kota etc.

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Services Offered

Mobile Catering – Despite its 391 pantry cars supplying catering services, the company provides on-board vending services for trains that do not have pantry cars as well. Meals are ordered by passengers and are picked from designated pick-up points.

Static Catering -The company operates 306 food plazas and fast food units, 55 Jan-Ahaar and 6 central kitchens for low-cost meals services to passengers, 11 base kitchens, 180 refreshment rooms for ready-to-serve and thali meals and 6 central kitchens.

Other Hospitality Services -The corporation provides 10 executive lounges as well as 25 sleeping rooms with 4 Rail Yatri Niwas /BNR Hotels that have internet access, all you can eat dining, and bathing facilities that are cheap.

e-catering -E-catering is a new service which permits customers to order and pay for meals at restaurants in 200 stations and have them delivered to their seats. E-catering service had 1774 partners restaurants associated with it as well as was offering 8632 meals each day.

Packaged Drinking Water -The company has fifteen factories and five more are being built where 19.86 crore fully automated water bottles are produced with 42% of their capacity used.

Internet Ticketing – The company’s mobile app and website are the only authorized platforms providing online booking service for Indian Railways, with an average of 11.44 lakh tickets booked daily.

The Company further has in recent times introduced a number of new features such as retiring room facility, bus facility integration, payment in EMIs, add meals options, e- gift voucher and automatic payment mechanism for disbursing payments to hotels, bus operators etc.

Apart from that, they also created e-ticketing applications meant for Paramilitary Forces and Booking Reserved Rail e-tickets for BSF personnel, they have also come up with Disha chatbot through which clients can purchase tickets by voice or chat agents.

Tourism –In its area of tourism, the Business provides tourism packages, Plane Packages for businesses, City Tours to clients all via various Verticals like air package or town tours. Company in the Year 2022 had 2440 daily airline tickets booked on its websites, 39 chartered trains plying its routes and sold 63,350 trip packages across its portals alone during this period. The names of luxury trains run by IRCTC include Maharaja Express, Deluxe Tourist Trains among othersaternity wards.

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State Teerth -An introduction by the Govt of India to the Dekho Apna Desh initiative has led to the introduction of Shri Ramayan Yatra by IRCTC, through a deluxe AC Tourist train meant for religious tourists. The journey that takes 17 days is scheduled to cover 10 cities in six states in which Shri Ram lived. The company has launched Pilgrim Special for people who want to traverse the heart of India but on a budget.

A completely included tourist train package, the Buddhist Circuit Special Tourist train traverses all the significant Buddhist Pilgrim locations within India as well as Lumbini situated in Nepal. It offers other services like the State, Election, Hill and Heritage Charter Special Trains as well as IRCTC Corporate Trains as well as the above-mentioned ones.

IRCTC Fundamentals & Quarterly Results

IRCTC Quarterly Result

IRCTC CAGR Report

IRCTC Recent Development

1. The Company is planning to create a chain of hotels. Presently/building under construction are 3 budget hotels in Lucknow, Khajuraho and Kevadia.
2. The company is entering an e-marketplace characterized by services such as bill payment, recharges, and other third-party services like online insurance purchases in partnership with renowned brands such as Amazon, Flipkart and HDFC Life.
3. IRCTC has plans to get into segments such as Helicopter Travels and medical tourism, among others, as a Fintech company in a diversification move through the company’s online payment gate, iPay.
4. Expansion plans are in place for non-rail tourism ventures which encompass corporate travel services, cruise line operations, river cruise packages as well as air transport ticketing services.

IRCTC Official Website irctc.com

Conclusion

based on the comprehensive analysis of IRCTC’s fundamentals, quarterly results, and future projections, it appears to be a promising investment opportunity for long-term investors seeking exposure to India’s dynamic travel and tourism sectors. However, investors should conduct further due diligence and consider market risks before making investment decisions.

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