Added to YB: 2026-10-07
Pitch date: 2026-10-02
IRCTC.NS [bullish]
Indian Railway Catering & Tourism Corporation Limited
+5.05%
current return
Author Info
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Company Info
Indian Railway Catering & Tourism Corporation Limited engages in the provision of catering and hospitality, Internet ticketing, travel and tourism, and packaged drinking water services in India.
Market Cap
INR 362.2B
Pitch Price
INR 454.15
Price Target
N/A
Dividend
1.99%
EV/EBITDA
20.14
P/E
25.99
EV/Sales
6.16
Sector
Commercial Services and Supplies
Category
growth
IRCTC and the payments business nobody is pricing
IRCTC.NS (monitor): IRCTC’s debt-free ticketing monopoly and adjacent businesses trade at 26x FY26 ex-cash earnings and an estimated 23x FY28, while the price is argued to assign nothing to iPay. The payments unit could expand from roughly one-fifth of ticket value after RBI licensing, but approval is not assured and regulatory or passenger pushback could limit monetization. No position is held; interest begins only at an undisclosed price meeting the target IRR.
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