IRCTC shares down 3.0% as Nifty drops

NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 3.0 per cent down in Tuesday's trade at 12:58PM (IST). Around 195,166 shares changed hands on the counter.

The scrip opened at Rs 1024.15 and touched an intraday high and low of Rs 1028.05 and Rs 987.1, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1076.35 and a 52-week low of Rs 604.0.

As per BSE, the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 81796.0 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1163.86 crore for the quarter ended 31-Dec-2023, up 11.65 per cent from previous quarter's Rs 1042.39 crore and up 22.66 per cent from the year-ago quarter's Rs 948.82 crore.

The net profit for latest quarter stood at Rs 300.0 crore, up 17.4 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 2.97 per cent stake in the company, while foreign institutional investors held 8.08 per cent and the promoters 62.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 74.34 and a price-to-book ratio of 18.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indian Railway Catering & Tourism Corporation Ltd. belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.

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