Indian Railway Catering and Tourism Corporation (IRCTC) share price closed at ₹991.45 on July 31, 2024, up 0.75% from the previous day’s closing price of ₹984.15. The stock opened at ₹976.00 and touched an intraday high of ₹991.35 and a low of ₹972.90.
IRCTC, a subsidiary of the Indian Railways, has been performing well in the market. The company’s key metrics include a PE ratio of 70.86, EPS (TTM) of ₹13.89, and a market capitalization of ₹78,732 crore. The 52-week high and low of the stock are ₹1,138.90 and ₹617.05, respectively.
The company has been paying regular dividends to its shareholders. In the last financial year, IRCTC declared an interim dividend of 175% (₹3.5 per share) and a final dividend of 100% (₹2 per share). The company’s dividend yield currently stands at 0.66%.
IRCTC’s revenue and earnings have been growing steadily. For the year ending March 31, 2024, the company reported a consolidated total revenue of ₹4,434.66 crore and a profit of ₹1,111.08 crore. In the last quarter (Q4 FY2024), IRCTC reported an income of ₹1,187.41 crore and a profit of ₹284.18 crore.
Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) have been increasing their stake in IRCTC. As of June 30, 2024, DIIs held 13.68% of the company’s shares, up from 10.52% in September 2023. FIIs held 7.78% of the shares, up from 7.11% in September 2023.
IRCTC’s stock has been a favorite among investors due to its strong fundamentals and growth prospects. The company has been diversifying its business and expanding its operations. It has been investing in new technologies and infrastructure to improve its services and efficiency.
One of the key factors driving IRCTC’s growth is the increasing demand for its services. With the growing population and rising disposable incomes, more people are traveling by train and using IRCTC’s services. The company has been leveraging its strong brand name and customer loyalty to expand its market share.
IRCTC has also been exploring new business opportunities. The company has been investing in e-commerce and digital payments, which have been growing rapidly in India. IRCTC has also been expanding its catering and hospitality business, which has been contributing significantly to its revenue and profits.
