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Indian Railway Catering & Tourism Corporation Q1 FY27 Share Price & Earnings Call Analysis

₹444.05+0.30% today
Market cap
₹35,497 Cr
P/E
25.71
ROE
34.43%
PEG
2.20
Price to sales
6.54
Debt to equity
0.02
52W high / low
₹731 / ₹439
Sales growth (5Y)
46.35%
EBITDA margin
30.52%
Net profit margin
26.31%
Promoter holding
62.40%
Sales (last year)
₹5,425 Cr

Incorporated in 1999, IRCTC is a Navratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India[1]

Guidance scorecard · Q1 FY27 call

What Indian Railway Catering & Tourism Corporation Ltd's management guided
and where it ranks in Leisure Services

#18of 30 in
Leisure Services
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Operating revenue grew 18.10% YoY to INR 1370 crores in Q1 FY 2026-27, indicating strong growth momentum.
  • Passenger growth of 8% supports increased catering charges and higher revenue potential.
  • Introduction of ~20 new Vande Bharat sleeper trains expected in the next year, potentially adding INR 120 crores in licensing revenue.
  • Tourism segment projected to surpass INR 1000 crores next year, driven by digital integration and unified portal combining tourism and ticketing.
  • Non-convenience fee revenue expected to rebound towards INR 150 crores through expanded e-wallet loyalty programs, iPay growth, and improved agent business.
  • Internet ticketing penetration high with 89% reserved tickets booked online; convenience fee revenue growing but under review for enhancements.

2 more points from Indian Railway Catering & Tourism Corporation Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Indian Railway Catering & Tourism Corporation Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • IRCTC is investing in upgrading its NGET (Next Generation e-Ticketing) infrastructure, including hardware (storage, servers, networking) and software, with about INR150 crores infused so far.
  • An additional INR10 crores was spent this quarter on maintenance of the upgraded e-ticketing system.
  • Plans are underway for an active-active disaster recovery system (likely at Secunderabad) to minimize website downtime.

2 more points from Indian Railway Catering & Tourism Corporation Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Ask what Indian Railway Catering & Tourism Corporation Ltd said on fundraising →

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Indian Railway Catering & Tourism Corporation Ltd said on the order book →

Full Q1 FY27 analysis
Full Leisure Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Leisure Services
on management's own guidance

  1. Jubilant Foodworks LtdGood growth
    2
  2. Landmark Global Learning LtdGood growth
    1
  3. Le Travenues Technology LtdGood growth
    3
See all potential multibaggersWhere does Indian Railway Catering & Tourism Corporation Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Leisure Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Landmark Global Learning Ltd20–40%Up 2%+₹21 Cr—
2Jubilant Foodworks Ltd20–40%Flat₹27,579 Cr72.4
3Le Travenues Technology Ltd20–40%Flat₹6,423 Cr54.1
420–40%Flat₹6,285 Cr2553.3
520–40%Flat₹4,827 Cr20.4
620–40%Flat₹2,741 Cr215.1

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Financials of Indian Railway Catering & Tourism Corporation Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Indian Railway Catering & Tourism Corporation Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +9651,0029921,1181,1551,1181,0641,2251,2691,1601,1461,4491,460
Expenses +6406596267247927436918088837627429841,061
Operating Profit325343367394363375373417385397404465399
OPM %34%34%37%35%31%34%35%34%30%34%35%32%27%
Other Income +65-1347314154605610761698167
Interest4445533384455
Depreciation11141414161413131212111214
Profit before tax375312395406382412417457472442457529447
Tax %26%26%25%26%26%25%26%25%24%25%25%25%27%
Net Profit +279232295300284308308341358330342394327
EPS in Rs3.482.903.683.753.553.853.854.274.474.134.274.934.08

Financials of Indian Railway Catering & Tourism Corporation Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,0591,3671,5201,4661,8702,2647771,8793,5414,2604,6755,215
Expenses +9071,1761,2061,1921,4871,5625891,0052,2652,7943,1243,549
Operating Profit1521903142743837031888741,2761,4661,5511,666
OPM %14%14%21%19%20%31%24%47%36%34%33%32%
Other Income +8213967991267712472148106276277
Interest003321081116191718
Depreciation202122242940464954575350
Profit before tax2143093553464797302588851,3541,4961,7571,875
Tax %39%39%35%36%36%30%27%26%26%26%25%26%
Net Profit +1311892292213095131876601,0061,1111,3151,393
EPS in Rs13.0618.8611.4511.033.866.412.348.2412.5713.8916.4317.42
Dividend Payout %20%40%49%21%98%39%43%42%44%47%49%52%

Financials of Indian Railway Catering & Tourism Corporation Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital20204040160160160160160160160160
Reserves4245227479159111,1541,2961,7102,3183,0703,5034,148
Borrowings +0000007910584609081
Other Liabilities +7188951,0401,3651,5231,9281,6181,9092,5262,8013,0463,190
Total Liabilities1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,579
Fixed Assets +155159170190182285311335351343813839
CWIP161417840162426344432742
Investments00000000002525
Other Assets +9901,2641,6392,1222,3722,9412,8183,5224,7045,3065,9346,674
Total Assets1,1621,4371,8262,3192,5943,2413,1533,8845,0896,0916,7997,579

Financials of Indian Railway Catering & Tourism Corporation Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6928833824499409248524812882834
Cash from Investing Activity +-4679440-3538-453-242-317-215-239
Cash from Financing Activity +-17-31-136-57-179-280-47-258-434-404-910
Net Cash Flow62632967-33137-2522361262-316
Free Cash Flow-1266306-11445374170503744650787
CFO/OP91%208%152%55%173%95%167%92%97%91%80%

Financials of Indian Railway Catering & Tourism Corporation Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days514370137115125245111118118135132
Inventory Days1513111123265027181615
Days Payable62802372185684514,4922,3911,5951,4831,371
Cash Conversion Cycle4-24-157-70-430-300-4,197-2,252-1,459-1,349-1,221132
Working Capital Days-20-51-35-10-65-35-137-293205640
ROCE %63%54%40%44%62%16%51%59%54%49%46%

Guidance history

How Indian Railway Catering & Tourism Corporation Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−39.2%12%
Last 6 months−17.7%23%
Last 3 months−10.0%40%

The price is 60% below its all-time high of ₹1,108.95 (24 May 2024). Stocks more than 20% below their peak have their score halved, so 22 became 11.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indian Railway Catering & Tourism Corporation Ltd: 0.4 × 12 + 0.4 × 23 + 0.2 × 40 = 22, halved to 11 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Indian Railway Catering & Tourism Corporation Ltd's management said in earlier quarters

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