IRCTC Share Price Target: 2024, 2025, 2026, 2027, 2030, 2035, and 2040
In this post, we will discuss the IRCTC share price target for 2023, 2024, 2025, 2026, 2027, 2030, 2035, and 2040. IRCTC, as we all know, is a subsidiary of Indian Railways. The majority of stocks in IRCTC are owned by the government of India. If you are planning to invest your money in the public sector, then IRCTC can be one of the best options, but before investing, you must understand the forecast value of these stocks in the coming years.
About IRCTC
The IRCTC (Indian Railway Catering and Tourism Corporation Ltd.) was established on September 27, 1999, as a public sector undertaking completely owned by the Government of India through the Indian Railways. It is a “Mini Ratna (Category-I)” central public sector enterprise. IRCTC is the only entity that is authorised to provide certain services to the Indian Railways, including online ticketing, catering, and selling drinking water on trains and at railway stations. The Government of India holds 67% of the shares of IRCTC. It was listed on the National Stock Exchange in 2019. You can know more about IRCTC by visiting its official website, https://irctc.com/.
The core activities of the company are detailed below:
- Catering & Hospitality
- Internet Ticketing
- Travel & Tourism
- Packaged Drinking Water (Rail Neer)
IRCTC Financials (Standalone)
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 1,952.30 | 868.69 | 2,353.54 | 1,958.94 | 1,540.38 |
| Total Revenue Growth (%) | 124.74 | (63.09) | 20.14 | 27.17 | (2.48) |
| Total Expenses | 1,058.79 | 647.20 | 1,609.30 | 1,517.77 | 1,206.65 |
| Total Expenses Growth (%) | 63.60 | (59.78) | 6.03 | 25.78 | (3.59) |
| Profit after Tax (PAT) | 663.69 | 189.90 | 528.57 | 308.56 | 219.52 |
| PAT Growth (%) | 249.49 | (64.07) | 71.30 | 40.56 | 2.25 |
| Operating Profit Margin (%) | 48.12 | 29.32 | 33.02 | 23.71 | 22.95 |
| Net Profit Margin (%) | 35.31 | 24.25 | 23.22 | 16.50 | 14.96 |
| Basic EPS (₹) | 8.30 | 11.87 | 33.04 | 19.12 | 55.51 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 3,837.18 | 3,166.04 | 3,249.84 | 2,594.24 | 2,300.06 |
| Total Assets Growth (%) | 21.20 | (2.58) | 25.27 | 12.79 | 25.92 |
| Total Liabilities | 1,953.29 | 1,699.09 | 1,922.02 | 1,523.22 | 1,354.69 |
| Total Liabilities Growth (%) | 14.96 | (11.60) | 26.18 | 12.44 | 29.23 |
| Total Equity | 1,883.88 | 1,466.95 | 1,327.82 | 1,071.02 | 945.37 |
| Total Equity Growth (%) | 28.42 | 10.48 | 23.98 | 13.29 | 21.46 |
| Net Worth | 1,883.89 | 1,466.95 | 1,327.82 | 1,071.02 | 945.37 |
| Current Ratio (x) | 1.87 | 1.77 | 1.6 | 1.55 | 1.6 |
| Total Debt to Equity (x) | 0.01 | 0 | 0 | 0 | 0 |
| Contingent Liabilities | 307.60 | 206.57 | 235.92 | 224.01 | 258.07 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 35.22 | 12.94 | 39.80 | 28.81 | 23.22 |
| Return on Capital Employed (%) | 44.07 | 14.10 | 51.34 | 38.98 | 32.52 |
| Return on Assets (%) | 17.29 | 5.99 | 16.26 | 11.89 | 9.54 |
| Interest Coverage Ratio (x) | 86.18 | 28.18 | 103.32 | 188.84 | 115.78 |
| Asset Turnover Ratio (x) | 0.54 | 24.73 | 70.01 | 72.08 | 63.77 |
| Price to Earnings (x) | 18.69 | 149.25 | 29.76 | – | – |
| Price to Book (x) | 6.58 | 19.15 | 11.84 | – | – |
| EV/EBITDA (x) | 11.22 | 96.54 | 18.22 | – | – |
| EBITDA Margin (%) | 50.66 | 35.23 | 34.78 | 25.24 | 24.56 |
Important Note: These price targets for “IRCTC Ltd.” are only for reference purposes. Short-term and long-term IRCTC stock price predictions may be different due to the different analyzed time series. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market condition are not covered in this analysis.
IRCTC Share Price Target for 2023
The only organisation permitted by the Indian government to offer bottled drinking water at railway stations and trains in India is Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), a Mini Ratna (Category-1 Central Public Sector Enterprise). By doing this, the company quickly earned a spot among the top 100 listed businesses, according to the market capitalization of the company as of March 31. At the end of the fiscal year 2022, the company placed 81st on the BSE and 79th on the NSE, respectively.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 690 | ₹ 720 |
IRCTC Share Price Target for 2024
The subsidiary company of Indian Railways is trying to spread its business in different areas. The current market cap of the company is around ₹ 51,920.00 crore. In the coming time, the way IRCTC is expanding its services, an increase in the value of the company can also be seen.
| Year | First Target | Second Target |
|---|---|---|
| 2024 | ₹ 780 | ₹ 810 |
IRCTC Share Price Target for 2025
As we all know government of India special focus on improvement of Railway infrastructure. IRCTC also enhancing own services on those Railway stations where his services not available. Through this we will see the major impact on revenue of company. Which will be also reflected on share prices of IRCTC.
| Year | First Target | Second Target |
|---|---|---|
| 2025 | ₹ 840 | ₹ 880 |
IRCTC Share Price Target for 2026
The company also plans to build a network of well-planned chains of hotels that target budget travelers. Presently, budget hotels at Lucknow, Khajuraho, and Kevadia are under construction, and the company is exploring the avenues for such hotels at other locations and has approached several state governments for the same.
| Year | First Target | Second Target |
|---|---|---|
| 2026 | ₹ 920 | ₹ 960 |
IRCTC Share Price Target for 2027
IRCTC’s highest earning comes from its catering business, which accounts for 55% of its total revenue, online ticket booking accounts for 12.3% of its revenue, which is growing at the rate of 13% every year. 35% of the company’s total revenue comes from its tour package business. If you carefully study the performance of the company for the last few years till now, you will see that the company is on a steady upward trajectory. This trends will continue in future. If you invest your money in IRCTC, you will hold first target of share price can be ₹ 1010 and second one is ₹ 1070 in 2027.
| Year | First Target | Second Target |
|---|---|---|
| 2027 | ₹ 1010 | ₹ 1070 |
IRCTC Share Price Target for 2028
| Year | First Target | Second Target |
|---|---|---|
| 2028 | ₹ 1150 | ₹ 1250 |
IRCTC Share Price Target for 2030
Planned Railway projects are expected that completed to 2030, and from this economic benefit also begin drawing. In that time more people will prefer travelling through Railway and no doubt this also benefits IRCTC. IRCTC revenue will increase and his share also perform better. The first target of IRCTC share price can be ₹ 1800 and second one is ₹ 2000 in 2030.
| Year | First Target | Second Target |
|---|---|---|
| 2030 | ₹ 1800 | ₹ 2000 |
IRCTC Share Price Target for 2040
According to the future, if we look at IRCTC, then it appears to be the biggest company in the tourism sector. The way the company’s sources of revenue are spread and the way the company is continuously trying to expand its business model, the future of the company looks bright.
| Year | First Target | Second Target |
|---|---|---|
| 2040 | ₹ 3700 | ₹ 4000 |
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IRCTC share price targets for 2023, 2024, 2025, 2026, 2028, 2030, 2035, and 2040 are shown in the table below.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 690 | ₹ 720 |
| 2024 | ₹ 780 | ₹ 810 |
| 2025 | ₹ 840 | ₹ 880 |
| 2026 | ₹ 920 | ₹ 960 |
| 2027 | ₹ 1010 | ₹ 1070 |
| 2028 | ₹ 1150 | ₹ 1250 |
| 2030 | ₹ 1800 | ₹ 2000 |
| 2040 | ₹ 3700 | ₹ 4000 |
Recommendations: Invest in IRCTC stock or sell it?
As we all know IRCTC enjoys its monopoly and that this will also continue in future. Studying the past data shows that IRCTC is continuously giving profits to its investors. Also in future, the stocks of this company can give you very good returns, if you hold the stock of this company for a long time, then it can be of great benefit to you.
FAQ’s
What is the 52 week high/low of IRCTC share price?
IRCTC share price saw a 52 week high of ₹ 840.95 and 52 week low of ₹ 557.
What will the IRCTC Share Price Target For 2024?
The first target of IRCTC share price can be ₹ 780 and second one is ₹ 810 in 2024.
What will be the IRCTC share price target in the next 5 years?
In the next 5 years the share price target for IRCTC will first be ₹ 1150 and second one is ₹ 1250.
What will be the IRCTC share price target in the next 7 years?
In the next 7 years the share price target for IRCTC will first be ₹ 1800 and second one is ₹ 1200.
Is it profitable to invest in IRCTC stock?
As we all know IRCTC enjoys its monopoly and that this will also continue in future. Studying the past data shows that IRCTC is continuously giving profits to its investors. Also in future, the stocks of this company can give you very good returns, if you hold the stock of this company for a long time, then it can be of great benefit to you.
What are the key metrics to analyze IRCTC Share Price?
IRCTC share can be quickly analyzed on following metrics:
- Stock's PE - 55.20
- Price to Book Ratio - 27.48
- EPS - 11.76
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