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    I R C T C

    Sole authorised provider of online rail ticketing, catering and Rail Neer drinking water for Indian Railways.

    Consumer Services
    Consumer Discretionary
    View IRCTC earnings calls
    ₹519.6
    -3.11% from avg

    Overview

    Price

    ₹519.6

    Market Cap

    ₹38.9k Cr

    Sector

    Consumer Services

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital160160160160160160160160
    Reserves1.2k1.3k1.7k2.3k3.1k3.5k4.1k4.1k
    Borrowings0791058460907881
    Other Liabilities1.9k1.6k1.9k2.5k2.8k3.0k3.3k3.2k
    Total Liabilities3.2k3.2k3.9k5.1k6.1k6.8k7.6k7.6k
    AssetsFixed Assets285311335351343813821839
    CWIP1624263444327742
    Investments0000025025
    Other Assets2.9k2.8k3.5k4.7k5.3k5.9k6.8k6.7k
    Total Assets3.2k3.2k3.9k5.1k6.1k6.8k7.6k7.6k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating4994092485248128828341.3k
    Cash from Investing-3538-453-242-317-215-239-447
    Cash from Financing-179-280-47-258-434-404-910-787
    SummaryCapital Expenditure
    Free Cash Flow4453741705037446507871.2k
    FCF Margin

    Valuation

    Assumptions

    Current — IRCTC
    Price
    ₹520
    EPS (TTM)
    ₹17.41
    PE (TTM)
    29.8
    Profit growth
    11.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (50.7×) and current (29.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹520
    vs
    Fair value · 15% return
    ₹388
    25%Overvalued

    At 11.4% growth and a 30× exit, ₹520 only delivers your return if you pay ₹388. The price is currently baking in 17% growth.

    EPS grows 11.4%/yr for 5 years, then fades to 6% over 2, exits at 30×.

    YearGrowthEPS (₹)
    FY2711.4%19.39
    FY2811.4%21.61
    FY2911.4%24.07
    FY3011.4%26.81
    FY3111.4%29.87
    FY328.7% ·fade32.47
    FY336.0% ·fade34.42

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse I R C T C

    Guides on how to read this kind of business and the numbers that matter.