IRCTC Share Price History: Indian Railway Catering and Tourism Corporation (IRCTC) is a government-run company that provides online ticketing, catering, and tourism services to Indian Railways passengers. The company was incorporated in September 1999 as a subsidiary of Indian Railways, and since then, it has grown to become one of the most successful e-commerce platforms in India.
In this article, we will discuss the financial performance and stock market trends of IRCTC, with a focus on bullet points.
IRCTC : Financial Performance
- According to Google Finance, as of April 2023, IRCTC has a market capitalization of over INR 10,000 crores.
- The company’s revenue has been growing consistently over the years, with a revenue of INR 1,956.6 crores in the financial year 2020-21, up from INR 1,899.4 crores in the previous year.
- IRCTC’s net profit has also been on an upward trajectory, with a net profit of INR 607.4 crores in the financial year 2020-21, up from INR 574.7 crores in the previous year.
- The company has maintained a healthy profit margin, with a net profit margin of 31.01% in the financial year 2020-21.
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- IRCTC’s stock has been performing well since its listing in October 2019, with a listing price of INR 644 per share.
- According to Google Finance, as of April 2023, IRCTC’s stock price is around INR 2,900 per share, indicating a substantial increase in the stock’s value since its listing.
- The company’s dividend yield is 1.14%, which is relatively low compared to other companies in the same sector. However, the company has been consistently paying dividends since its listing.
- IRCTC’s beta value is 0.95, indicating that the stock’s price is less volatile compared to the overall market.
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Recent Developments of IRCTC
- IRCTC has been expanding its business by diversifying into new areas. In 2020, the company launched a new app, ‘IRCTC iPay,’ for the payment of railway tickets and other services.
- The company has also ventured into the hospitality sector, with the opening of the ‘Rail Neer’ packaged drinking water plant in Nellore, Andhra Pradesh.
- In 2021, IRCTC signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Delhi to collaborate on research and development in the areas of artificial intelligence, machine learning, and other related technologies.
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Challenges of IRCTC
- One of the major challenges facing IRCTC is the growing competition in the e-commerce and tourism sectors. Several private players, including MakeMyTrip, Yatra, and Cleartrip, offer online ticketing and tourism services, which could impact IRCTC’s market share.
- The COVID-19 pandemic has also affected IRCTC’s business, with a significant decline in passenger traffic and tourism activities. However, the company has been exploring new opportunities, such as the launch of its ‘Tejas Express’ trains, which offer high-speed and luxurious travel experience to passengers.
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