Share price of IRCTC falls as Sensex drops 61.05 points

The share price of Indian Railway Catering & Tourism Corporation Ltd. dropped 0.22 per cent to Rs 559.1 at 12:35PM (IST) in Wednesday's trade. The counter has hit a high of Rs 568.25 and low of Rs 557.15 so far during the session. The stock had closed at Rs 560.35 in the previous session.

The counter has had a total traded volume of 123803 shares so far with a value of Rs 6.95 crore on the NSE. It traded at a price-to-earnings multiple of 47.51 and a price-to-book ratio of 6.58.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 27.13 per cent during the past one year, while the 30-share index advanced 0.36 per cent during the same period.

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

Promotor/FII Holding
Promoters held 62.4 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 6.84 per cent and 0.54 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 948.82 crore for the quarter ended 31-Dec-2022, up 14.07 per cent from the previous quarter's Rs 831.8 crore and up 70.49 per cent from the year-ago quarter's Rs 556.51 crore.

Profit for the latest quarter stood at Rs 255.53 crore, up 22.37 per cent from the same quarter a year ago.