IRCTC shares up 1.45% as Nifty gains

NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 1.45 per cent up in Friday's trade at 10:15AM (IST). Around 182,867 shares changed hands on the counter.

The counter opened at Rs 672.25 and touched an intraday high and low of Rs 687.6 and Rs 672.15, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 775.0 and a 52-week low of Rs 557.15.

As per BSE, the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 54500.0 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1041.0 crore for the quarter ended 30-Jun-2023, up 3.66 per cent from previous quarter's Rs 1004.28 crore and up 18.7 per cent from the year-ago quarter's Rs 877.01 crore.

The net profit for latest quarter stood at Rs 232.22 crore, down 5.42 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 0.89 per cent stake in the firm, while foreign institutional investors held 6.99 per cent and the promoters 62.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 54.91 and a price-to-book ratio of 18.5. 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.