IRCTC shares up 0.78% as Nifty drops

NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.78 per cent up in Wednesday's trade at 10:25AM (IST). Around 50,318 shares changed hands on the counter.

The counter opened at Rs 607.5 and touched an intraday high and low of Rs 609.0 and Rs 600.7, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 777.65 and a 52-week low of Rs 557.0.

As per BSE, the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 48628.0 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 255.53 crore, up 22.37 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2023, DIIs held 0.86 per cent stake in the company, while foreign institutional investors held 6.53 per cent and the promoters 62.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 51.68 and a price-to-book ratio of 6.58. 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.