Unclassified · NSE: IRCTC
Indian Railway Catering and Tourism Corporation share analysis
Fair value, business quality, the case for and against, and the risks — computed by VestCall from reported data, updated 14 October 2026.
Indian Railway Catering and Tourism Corporation in one paragraph
Indian Railway Catering and Tourism Corporation (NSE: IRCTC) was trading at ₹468 on 14 October 2026. VestCall scores its business health 76/100 (healthy). On valuation, the price sits in the “Valuation Premium” zone (₹453.42 and above) — above the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.
- Share price₹468
- Business health76/100
- Growth44/100
- Financial strength73/100
- Valuation97/100 · Fair
- Valuation zoneValuation Premium
- RiskMedium
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Is Indian Railway Catering and Tourism Corporation overvalued or undervalued?
At ₹468, Indian Railway Catering and Tourism Corporation sits in VestCall’s “Valuation Premium” zone (₹453.42 and above): above the modelled fair-value range. Its valuation scores 97/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
| Valuation zone | Price band | What it means |
|---|---|---|
| Deeply Discounted | ₹378.95 – ₹403.83 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹403.83 – ₹439.87 | Below the modelled fair-value range |
| Fairly Valued | ₹439.87 – ₹453.42 | Inside the modelled fair-value range |
| Valuation Premium (current) | ₹453.42 and above | Above the modelled fair-value range |
The case for and against Indian Railway Catering and Tourism Corporation
What supports the case
- Business Quality · 100/100.
- Capital Allocation · 100/100.
- Financial Strength · 73/100.
- Shareholding Quality · 72/100.
- Management Stability · 67/100.
What needs proof
- Growth · 55/100.
Indian Railway Catering and Tourism Corporation key ratios
| Ratio | Indian Railway Catering and Tourism Corporation | Unclassified median |
|---|---|---|
| P/E | 34.25x | — |
| P/B | 11.61x | — |
| P/S | 9.13x | — |
| Return on equity (ROE) | 32.3% | — |
| Return on capital employed (ROCE) | 43.5% | — |
| Operating margin | 34.2% | — |
| Net margin | 25.5% | — |
| Current ratio | 2.15x | — |
Indian Railway Catering and Tourism Corporation growth
Growth scores 44/100, with a negative trend, measured Mar 2023 to Mar 2026.
| Measure | Reading |
|---|---|
| Revenue CAGR | 14.3% |
| Net profit CAGR | 11.5% |
| EPS CAGR | 11.5% |
| Revenue growth, latest year | 11.7% |
| Profit growth, latest year | 6.0% |
Indian Railway Catering and Tourism Corporation bull, base and bear case
Modelled annual return under three sets of stated assumptions over 5 years. These are model outputs, not a forecast or a promise of return.
| Scenario | Modelled CAGR | Weight | Assumption |
|---|---|---|---|
| Bear | −0.1% | 26% | Growth decelerates to 3.9% and the multiple de-rates toward the cohort's trough. |
| Base | +10.7% | 51% | Earnings compound near the measured 10.7% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +18.5% | 23% | Growth holds at 15% and the market pays the full premium the measured quality supports. |
Risks to watch in Indian Railway Catering and Tourism Corporation
| Review trigger | Current | Threshold | Status |
|---|---|---|---|
| Drawdown from the 52-week high exceeds tolerance | 35.95% | at or beyond 25% | low · breached |
| Return on equity falls below the quality floor | 32.34% | below 15% | high · armed |
| Revenue growth falls below the thesis floor | 14.35% | below 8% | high · armed |
| Promoter holding drops materially | 62.4% | below 59.4%, 3 points under the Mar 2026 filing | high · armed |
| Price runs more than two sigma above its own trend | 468 | at or above 783.64 | medium · armed |
| Leverage doubles from the level underwritten today | No leverage line in the balance sheet | unavailable | high · unmeasurable |
| Promoter pledge rises above tolerance | No pledge disclosed (the NSE filing for IRCTC could not be read either (nse_session_unavailable)) | above 10% | high · unmeasurable |
| Valuation reaches the top of its own cohort | No cohort multiple to rank against | at or above the 95th percentile | medium · unmeasurable |
An armed trigger is watched and has not fired; a breached one has.
How Indian Railway Catering and Tourism Corporation shares have traded
| Measure | Reading |
|---|---|
| 52-week range | ₹449.85 – ₹730.65 |
| Distance from 52-week high | −36.0% |
| Return, 3 months | −5.8% |
| Return, 12 months | −34.1% |
| Trend | Downtrend |
| Annualised volatility | 25.3% |
| Deepest drawdown, 2 years | −60.0% |
Questions about Indian Railway Catering and Tourism Corporation shares
Is Indian Railway Catering and Tourism Corporation overvalued or undervalued?
At ₹468, Indian Railway Catering and Tourism Corporation sits in VestCall’s “Valuation Premium” zone (₹453.42 and above): above the modelled fair-value range. Its valuation scores 97/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
Is Indian Railway Catering and Tourism Corporation fundamentally strong?
VestCall scores Indian Railway Catering and Tourism Corporation’s business health 76/100 (healthy). The strongest measured pillars are business quality and capital allocation. The ones that need proof are growth. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.
What is Indian Railway Catering and Tourism Corporation’s P/E ratio?
Indian Railway Catering and Tourism Corporation trades at a P/E of 34.25x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against Indian Railway Catering and Tourism Corporation’s returns and growth.
What are the risks of investing in Indian Railway Catering and Tourism Corporation?
The review triggers VestCall watches for Indian Railway Catering and Tourism Corporation are: drawdown from the 52-week high exceeds tolerance (drawdown from 52-week high at or beyond 25%); return on equity falls below the quality floor (roe below 15%); revenue growth falls below the thesis floor (revenue cagr below 8%). On the fundamentals, growth is the weakest measured pillar at 55/100. A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.
Is this a recommendation to buy or sell Indian Railway Catering and Tourism Corporation?
No. VestCall states where Indian Railway Catering and Tourism Corporation’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.
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