Indian Railway Catering and Tourism Corporation logo

Indian Railway Catering and Tourism Corporation share price

NSE: IRCTCBSE: 542830Leisure ServicesMid Cap

Indian Railway Catering and Tourism Corporation Limited · Face value ₹2 · Listed Oct 2019 · Issue price ₹320
Last close ₹442.70down ₹6.50 (1.45%)BSE ₹442.70

Share price at the NSE close on 28 Oct 2026. Previous close ₹449.20.

28 Oct: open ₹448.00, high ₹448.35, low ₹442.00

52-week range of traded prices to 28 Oct 2026
₹436.90Low, 27 Oct 2026₹735.75High, 29 Oct 2025
Market cap
₹35,416 Cr207th largest listed
P/E
25.43
P/B
8.22
Dividend yield
2.03%
ROE
34.9%
ROCE
37.3%
Debt to equity
0.00
Volume, NSE
4,24,24245.6% delivered

Indian Railway Catering and Tourism Corporation share price chart

Daily closes since Oct 2019, adjusted for splits and bonuses

−38.7%over a year · Nifty 500 −8.8%

Results20-session average 8,74,896 shares a day, 48.4% delivered

About Indian Railway Catering and Tourism Corporation

Indian Railway Catering And Tourism Corporation (IRCTC) is the hospitality, tourism and online ticketing arm of Indian Railways, under the Ministry of Railways.1 It provides online railway ticketing, catering, tourism and packaged drinking water services across the Indian Railways network.2 Indian Railways authorises no other entity to sell its tickets online or to provide catering and packaged drinking water at its stations and trains.3

It reports 4 segments, Catering, Internet Ticketing, Tourism and Rail Neer, and operates in all 28 states and 8 union territories from its head office in New Delhi.456 It runs the only 2 corporate trains on Indian Railways, both Tejas Express services, and luxury trains such as the Maharajas' Express.73 It owns IRCTC Payments Limited, set up on 10 February 2024 for a payment aggregator business (processing online payments for merchants).8

It was incorporated on 27 September 1999 to take over the railways' catering and tourism.9 It began online ticketing in 2002, opened its first Rail Neer plant in 2003 and listed on the BSE and NSE in 2019.10 The government granted it Navratna status, which gives a state-owned company more freedom to make investments, in March 2025.3 The Ministry of Railways held 62.4% of its shares at 31 March 2026, after offers for sale in December 2020 and December 2022 diluted the stake by 20% and a further 5%.911 Rahul Himalian, Director (Tourism and Marketing), has also held the additional charge of Chairman and Managing Director since 20 July 2026.12

Indian Railway Catering and Tourism Corporation key points

Results

  • In the year to Mar 2026, the company reported its highest-ever results: revenue from operations rose 11.55% to ₹5,215 crore and profit after tax rose 5.99% to ₹1,393 crore.1314
  • In the quarter to Jun 2026, revenue from operations rose 18.10% to ₹1,370 crore from ₹1,160 crore a year earlier and profit after tax was ₹330 crore; EBITDA (earnings before interest, tax, depreciation and amortisation) as the company presents it fell 2.77% to ₹386 crore.15
  • Dividends for the year to Mar 2026 total ₹9.00 per share, or ₹720 crore, the highest in the company's history, including a recommended final dividend of ₹0.50 per share.1617
  • Segment profit18
    Itemyear to Mar 2026year to Mar 2025
    Internet Ticketing₹1,268 crore₹1,179 crore
    Catering₹250 crore₹272 crore
    Tourism₹128 crore₹94 crore
    Rail Neer₹56 crore₹46 crore
    Internet Ticketing's profit margin was 83%.

Market position

  • In the quarter to Jun 2026, IRCTC booked 13.27 crore railway tickets, an average of 14.58 lakh a day.19
  • In the year to Mar 2026, IRCTC booked 53.05 crore tickets, 53% of them on mobile devices.2021

Business segments

  • Catering. Runs pantry-car or base-kitchen catering on 629 trains and 582 station units, as on 30 Jun 2026. Revenue was ₹2,399 crore in the year to Mar 2026, 46% of the total, and ₹732 crore, 53%, in the quarter to Jun 2026.2223
  • Internet Ticketing. Books rail tickets, and air and bus travel, on its own digital platforms. Revenue was ₹1,536 crore in the year to Mar 2026, 29% of the total, and ₹361 crore, 26%, in the quarter to Jun 2026.2425
  • Tourism. Runs holiday packages and special tourist trains; its Bharat Gaurav theme trains made 237 trips with about 2,16,143 tourists in the year to Mar 2026. Revenue was ₹890 crore that year, 17% of the total, and ₹168 crore, 12%, in the quarter to Jun 2026.242627
  • Rail Neer. Supplies packaged drinking water under the Rail Neer brand. Revenue was ₹391 crore in the year to Mar 2026, 7% of the total, and ₹109 crore, 8%, in the quarter to Jun 2026.2428

How IRCTC earns revenue

  • Under the Ministry of Railways' catering policy of 2017, IRCTC is responsible for all catering on Indian Railways on a revenue-sharing model; management described the IRCTC model as largely based on licensing.2229
  • On each e-ticket, IRCTC charges a convenience fee of ₹15 plus GST (goods and services tax) for non-AC classes and ₹30 plus GST for AC classes, reduced to ₹10 and ₹20 when paid by BHIM/UPI (India's instant bank payment system).30
  • In the quarter to Jun 2026, Internet Ticketing earned ₹248 crore from convenience fees and ₹113 crore of non-convenience fee revenue, from sources such as advertising, agents, payment gateway services and loyalty programmes.3132

Plants and capacity

  • IRCTC had 20 Rail Neer plants at the end of March 2026. Its presentation of 21 Aug 2026 lists 5 run by itself and 15 by private partners, 19 of them operational; management said on 13 Aug 2026 that a plant had closed.333435
  • Rail Neer plants produced 46.68 crore bottles in the year to Mar 2026, the most in any year, against 46.46 crore a year earlier.36

Expansion and capital spending

  • On its earnings call of 13 Aug 2026, the company said it plans 4 new Rail Neer plants, at Prayagraj, Mysore, Ranchi and Bhagalpur, with land allotted at Prayagraj and Mysore.35
  • The Reserve Bank of India gave IRCTC Payments in-principle approval on 4 Aug 2025.37
  • On its earnings call of 13 Aug 2026, the company said IRCTC Payments had filed its final payment aggregator application and the RBI's reply should take this financial year, to Mar 2027.38

What the company expects

  • On its earnings call of 13 Aug 2026, the company said tourism revenue may cross ₹1,000 crore next year.39
  • On its earnings call of 13 Aug 2026, the company said catering margins have traditionally been 10% to 12%, and that the 9.29% margin in the quarter to Jun 2026 partly reflected staff costs that would not recur.40

Litigation and regulatory matters

  • As of its annual report of 7 Sep 2026, IRCTC was contesting a GST claim that it did not cut Rail Neer's price when tax rates fell, arguing the Ministry of Railways fixes it; a July 2026 tribunal hearing has no outcome in the documents.41
  • As of its annual report of 7 Sep 2026, licensees were contesting a 2019 Railway Board catering tariff rise in High Courts and arbitration, so the higher licence fees for Nov 2019 to Mar 2020 and Nov 2021 to Mar 2025 were not booked.42

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 7 Sep 2026, page 5
  2. 2. Annual report, 7 Sep 2026, page 83
  3. 3. Investor presentation, 21 Aug 2026, page 4
  4. 4. Annual report, 7 Sep 2026, page 13
  5. 5. Annual report, 7 Sep 2026, page 147
  6. 6. Annual report, 7 Sep 2026, page 27
  7. 7. Earnings call, 13 Aug 2026, page 8
  8. 8. Annual report, 7 Sep 2026, page 73
  9. 9. Annual report, 7 Sep 2026, page 308
  10. 10. Annual report, 7 Sep 2026, page 8
  11. 11. Investor presentation, 21 Aug 2026, page 6
  12. 12. Annual report, 7 Sep 2026, page 23
  13. 13. Annual report, 7 Sep 2026, page 4
  14. 14. Annual report, 7 Sep 2026, page 94
  15. 15. Earnings call, 13 Aug 2026, page 3
  16. 16. Annual report, 7 Sep 2026, page 4
  17. 17. Annual report, 7 Sep 2026, page 3
  18. 18. Investor presentation, 21 Aug 2026, page 19
  19. 19. Earnings call, 13 Aug 2026, page 14
  20. 20. Annual report, 7 Sep 2026, page 17
  21. 21. Annual report, 7 Sep 2026, page 4
  22. 22. Investor presentation, 21 Aug 2026, page 10
  23. 23. Investor presentation, 21 Aug 2026, page 18
  24. 24. Annual report, 7 Sep 2026, page 10
  25. 25. Investor presentation, 21 Aug 2026, page 18
  26. 26. Annual report, 7 Sep 2026, page 90
  27. 27. Investor presentation, 21 Aug 2026, page 18
  28. 28. Investor presentation, 21 Aug 2026, page 18
  29. 29. Earnings call, 13 Aug 2026, page 12
  30. 30. Annual report, 7 Sep 2026, page 47
  31. 31. Earnings call, 13 Aug 2026, page 14
  32. 32. Earnings call, 13 Aug 2026, page 10
  33. 33. Investor presentation, 21 Aug 2026, page 11
  34. 34. Investor presentation, 21 Aug 2026, page 22
  35. 35. Earnings call, 13 Aug 2026, page 6
  36. 36. Annual report, 7 Sep 2026, page 57
  37. 37. Annual report, 7 Sep 2026, page 57
  38. 38. Earnings call, 13 Aug 2026, page 9
  39. 39. Earnings call, 13 Aug 2026, page 16
  40. 40. Earnings call, 13 Aug 2026, page 13
  41. 41. Annual report, 7 Sep 2026, page 295
  42. 42. Annual report, 7 Sep 2026, page 204

Results

Standalone, as consolidated accounts are on record for only 3 of the last ten years; ₹ crore.Indian Railway Catering and Tourism Corporation quarterly results

Revenue growth, 12 months
+15.0%
Net profit growth, 12 months
+4.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,370 Crdown 6.18%
Net profit
₹330 Crup 1.01%
Net margin
24.1%

Revenue by quarter

₹1,064 CrSep 24₹1,225 CrDec 24₹1,269 CrMar 25₹1,160 CrJun 25₹1,146 CrSep 25₹1,449 CrDec 25₹1,460 CrMar 26₹1,370 CrJun 26
Peak revenue ₹1,460 Cr, quarter to Mar 2026; lowest ₹1,064 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹308 CrSep 24₹341 CrDec 24₹358 CrMar 25₹330 CrJun 25₹342 CrSep 25₹394 CrDec 25₹327 CrMar 26₹330 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,0641,2251,2691,1601,1461,4491,4601,370
Net profit308341358330342394327330
Net margin28.9%27.9%28.2%28.5%29.8%27.2%22.4%24.1%
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Catering₹2,399 Crup 12.88%45.8%
  • Internet Ticketing₹1,536 Crup 7.66%29.3%
  • Tourism₹890 Crup 19.49%17.0%
  • Railneer₹408 Crup 3.42%7.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Indian Railway Catering and Tourism Corporation PE ratio and valuation

Price to earnings

At or below today's level on 0.3% of 1,211 trading days over the last 5 years.

LowestHighest
Its median53.47Industry median23.64
Price to book

At or below today's level on 0.3% of 1,211 trading days over the last 5 years.

LowestHighest
Its median21.78Industry median1.61
Dividend yield

At or below today's level on 99.9% of 1,743 trading days since Oct 2019.

LowestHighest
Its median0.75%Industry median0.79%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−30.2%+6.0%−35.9%1.8%
3 years−3.6%+11.5%−14.6%1.2%
5 years+8.1%+49.0%−28.1%1.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Indian Railway Catering and Tourism Corporation shareholding pattern

Shareholding by group

  • Promoters62.40%
  • Foreign institutions3.46%
  • Indian institutions14.56%
  • Individuals and others19.58%
Holder
THE PRESIDENT OF INDIAPromoter62.40%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies10.73%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.44 pts, Indian institutions −0.30 pts, mutual funds −0.03 pts.

Mutual fund holdings

106 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 84 of the 89 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 106 funds holding Indian Railway Catering and Tourism Corporation

Added
46
Cut
43
Held unchanged
15
Sold out
4
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Indian Railway Catering and Tourism Corporation insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Indian Railway Catering and Tourism Corporation competitors and peers

Tour, Travel Related Services, 22 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Indian Railway Catering and Tourism Corporation in market cap.Consumer services companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
TBO Tek logoTBO TekTBOTEK17,07764.5111.01+68.9%+14.1%19.3%14.9%0.00%
BLS International Services logoBLS International ServicesBLS8,95812.693.64+31.8%+24.9%33.7%25.4%1.15%
Waterways Leisure Tourism logoWaterways Leisure TourismCORDELIA6,491–8.92––––0.00%
Le Travenues Technology logoLe Travenues TechnologyIXIGO6,17041.222.84+16.0%+210.8%10.5%3.4%0.00%
Thomas Cook (India) logoThomas Cook (India)THOMASCOOK4,22819.331.66−4.3%−12.9%9.1%8.2%0.56%
Easy Trip Planners logoEasy Trip PlannersEASEMYTRIP2,315––+1.5%−168.5%−6.9%−5.3%0.00%
Yatra Online logoYatra OnlineYATRA1,16737.451.41+9.3%−35.8%3.9%2.9%0.00%
Mach Travel Solutions logoMach Travel SolutionsMACHLTD45228.883.73−2.2%+10.5%13.6%–0.23%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Indian Railway Catering and Tourism Corporation dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.5Mar 201Mar 213.5Mar 225.5Mar 236.5Mar 248Mar 259Mar 26
Highest ₹9.00 a share, year to Mar 2026.
Ex-dateTypePer share
22 Sep 2026Final₹0.50
20 Feb 2026Interim₹3.50
21 Nov 2025Interim₹5.00
22 Aug 2025Final₹1.00
20 Feb 2025Interim₹3.00
14 Nov 2024Interim₹4.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Indian Railway Catering and Tourism Corporation announcements

Indian Railway Catering and Tourism Corporation share price by year

Each calendar year to 2025.Indian Railway Catering and Tourism Corporation share price history

YearClose at year endChangeHighest closeLowest close
2025684.60−13.0%822.30661.30
2024786.90−11.3%1,126.00768.95
2023887.50+38.7%887.50560.20
2022639.70−23.1%902.70570.85
2021831.75+189.2%1,175.54284.67
2020287.56+54.0%390.39163.08
2019186.69–186.69140.13
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 14 Oct 2019.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026438.85453.60436.90449.20445.269,44,49355.8%
26 Oct 2026441.40447.00437.60438.65440.876,34,80746.0%
23 Oct 2026451.30453.00437.45441.40442.458,56,56646.8%
22 Oct 2026450.65457.20447.70451.30452.627,78,27843.3%
21 Oct 2026455.65458.10447.75450.65452.176,04,69752.7%
19 Oct 2026467.50470.35453.40455.60459.915,61,19749.4%
16 Oct 2026469.35472.00463.50466.65468.2112,63,13560.2%
15 Oct 2026476.00478.35466.55469.35473.328,56,87657.9%
14 Oct 2026469.80478.25466.10477.10474.177,26,62043.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
28 Oct 2021Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Rahul Himalian
At the end of the quarter to Sep 2026
NSE symbol
IRCTC
BSE code
542830
ISIN
INE335Y01020
Industry
Leisure Services
CIN
L74899DL1999GOI101707
Corporate identity number, the registrar of companies' code for it
Incorporated
1999
Registered office
11th Floor, B - 148, Statesman House, Barakhamba Road, New Delhi 110001, Delhi
Share registrar
Alankit Assignments Ltd
Keeps the register of shareholders and handles transfers and dividend payments