Looking to invest in IRCTC or already invested in this stock? Read on! As Indian Railway Catering and Tourism Corporation Limited enjoys a monopoly business, profits remain high.
In this article we’ll delve deeper into the company’s business model and evaluate its fundamentals, with a view to predicting IRCTC share price target for 2023, 2024, 2025, 2026 and 2030.
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IRCTC Shares Analysis
The financial performance of IRCTC within the last decade has been good given its growth rate year after year due to increase in demand for its services from domestic travelers as well as tourists visiting India from other countries . Last year alone its revenues rose by almost 25%. They have also made some profitable investments such as acquiring IRFC bonds worth more than Rs 1500 crore which is sure to give great returns in future quarters.
|Company Name||Indian Railway Catering and Tourism Corporation|
|Founded in||27 September 1999|
|Founder||Ministry of Railways|
|Revenue||2,353.53 crores INR (US$290 million, 2020)|
|Market Capitalization||511.88 billion INR|
|Primary Exchange||NSE, BSE|
IRCTC Share Price Today Live Chart
IRCTC Share Price Target/Prediction/Forecast
If you’re investing in IRCTC shares, you need to know the price target for the next few years. In this article, we’ve provided a detailed overview of the company’s fundamentals and financials. Additionally, we have also provided a IRCTC Share Price Target for 2023, 2024, 2025, 2026 and 2030.
|2022||₹ 325.255||₹ 379.223|
|2023||₹ 730.498||₹ 752.464|
|2024||₹ 790.031||₹ 840.920|
|2025||₹ 880.339||₹ 950.760|
|2026||₹ 970.571||₹ 1030.001|
|2027||₹ 1037.558||₹ 1119.468|
|2028||₹ 1137.347||₹ 1223.709|
|2029||₹ 1239.735||₹ 1316.950|
|2030||₹ 1328.123||₹ 1417.191|
|2035||₹ 1758.063||₹ 1834.396|
|2040||₹ 2173.003||₹ 2261.601|
|2045||₹ 2603.943||₹ 2672.806|
|2050||₹ 3038.883||₹ 3127.011|
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IRCTC Share Price Target 2022
IRCTC, a large-cap with a market capitalization of about ₹ 53,000 crores, is currently trading at a P/E ratio of 72, close to that of its sector peers. As it functions as the ticket booking, catering and tourism provider for the Indian Railways, this company has no competition in the present and there remains a lot of potential growth in this sector.
|IRCTC Share Price Target 2022|
IRCTC Share Price Target 2023
Investors looking for long-term gains in the Indian Railway Catering and Tourism Corporation Limited (IRCTC) are advised to keep a close eye on the share price target. Analysts have set a price target of ₹ 2800 and ₹ 3000, both of which could be reached with good returns in a short time if bought ahead of predictions.
IRCTC is experiencing significant growth, and the share price target is expected to increase after the company’s stock split. The first predicted target for 2023 is ₹ 730.498, and then the next target should reach ₹ 752.464.
|IRCTC Share Price Target 2023|
IRCTC Share Price Target 2024
IRCTC, a rapidly expanding business model, has a share price target of up to four times its current worth in the coming years. This can be attributed to its spreading service geographical reach to many railway stations which still don’t offer IRCTC services thus providing broader services and increasing revenue.
|IRCTC Share Price Target 2024|
IRCTC Share Price Target 2025
Forecasters predict that IRCTC’s share price is set to rise within the next few years. Experts anticipate an initial target of ₹ 880.339 by 2025, offering a nice return on investment, followed by another target of ₹ 950.760 in the near future. With IRCTC increasing its business scope, shareholders can expect to see their investments skyrocketing!
|IRCTC Share Price Target 2025|
IRCTC Share Price Target 2026
IRCTC, or Indian Railway Catering and Tourism Corporation, is a company which has great potential for growth. Its services cover areas of catering and online ticketing, both of which present the company with numerous opportunities to expand.
Additionally, the Indian government has made various investments in railway infrastructure which will prove to be extremely beneficial for IRCTC. All this makes it a very attractive stock with a high share price target.
|IRCTC Share Price Target 2026|
IRCTC Share Price Target 2027
Analysts expecting the IRCTC share price to reach a target of ₹ 1037.558 by 2027, due to the continuing growth in their business segment. After achieving this aim, their next target should be ₹ 1119.468.
|IRCTC Share Price Target 2027|
IRCTC Share Price Target 2028
Investing in IRCTC is expected to be a lucrative investment opportunity in the long run, due to the company’s monopoly business. It boasts healthy financials with low debt levels, signalling a positive outlook for the share price over time. As such, analysts have set an aggressive price target on their stocks, suggesting good potential returns ahead.
|IRCTC Share Price Target 2028|
IRCTC Share Price Target 2029
The share price of IRCTC is expected to reach a target of around ₹1239.735 by 2029 as the company continues to invest and grow its business. Investment opportunities could potentially exist later on, targeting a price of ₹1316.950.
|IRCTC Share Price Target 2029|
IRCTC Share Price Target 2030
IRCTC, a large-cap company with a market cap of ₹53,000 crore, has a current P/E ratio at around 72 which is close to the sector P/E.
IRCTC serves as the major ticket booking and catering arm for the Indian Railways, offering untapped potential with no competition in sight. This immense growth potential puts IRCTC’s share price target at an encouraging figure.
|IRCTC Share Price Target 2030|
IRCTC Share Price Target 2035
IRCTC’s share price has seen tremendous success since its listing in the Indian stock market. After the split of 1:5 ratio, the prices have skyrocketed and have even crossed ₹3,000. Investors are expecting this excitement to continue as analysts set their sights on a new price target for IRCTC’s shares.
|IRCTC Share Price Target 2035|
IRCTC Share Price Target 2040
IRCTC holds many prospects for further growth, with domestic tourism on the rise, packaged water and online ticketing commanding a larger market share. The food industry service is expected to grow at an impressive 11% year-on-year compound annual growth rate (CAGR), which provides another avenue for the company’s expansion. IRCTC’s financials are strong, and its revenue growth is sustainable in light of its continually expanding services.
With all this potential, it is expected that the stock price target of IRCTC will be steadily increasing in the future.
|IRCTC Share Price Target 2040|
IRCTC Share Price Target 2045
IRCTC is an integrated service provider in the travel and tourism sector, offering customers a range of products and services covering everything from global reservation systems to catering, executive facilities, and multi-service solutions for domestic and international tours. The company’s robust business model shows promise for the future, as evidenced by its share price target for 2023 set at ₹2261.601
|IRCTC Share Price Target 2045|
IRCTC Share Price Target 2050
IRCTC’s share price is expected to remain robust based on its strong liquidity position, high entry barriers to market segment and a solid earnings profile. As of 31st March 2021, the company reported operating cash of ₹ 345.02 crores with an average return on capital employed (ROCE) of 12.95% over the past 5 years.
Additionally, IRCTC maintains a debt-free status giving them strength in their financial outlook for the future.
|IRCTC Share Price Target 2050|
What is IRCTC?
IRCTC is a public sector undertaking under the Ministry of Railways in India, incorporated in 1999 with the purpose of improving catering and hospitality services. IRCTC is recognized as a “Mini Ratna” company, meaning it has achieved substantial financial success and accomplishments.
IRCTC, or Indian Railway Catering and Tourism Corporation Ltd., is an organization owned by the government of India. Under the Ministry of Railways’ control, IRCTC’s main mission is to promote domestic and international tourism in India through public-private collaborations.
IRCTC is the most prominent provider in India of train ticket booking, catering services and packaged drinking water both at railway stations and on trains. It offers an extensive range of other services such as global reservation systems, budget hotels, e-catering and executive lounges to give domestic and international customers a full package for travel, accommodation, sightseeing needs and more!
- Debt free company.
- The last three average ROE is 29.10% and ROCE is 43.02%.
- Free cash flow per share of 2.10.
- Higher EBITDA margin of 35.24%.
- Very good Interest coverage ratio of 33.01.
- IRCTC has an efficient cash conversion cycle.
- Higher promoter holding of 67.40% in the company.
- IRCTC has good cash flow management – CFO/PAT stands at 1.05.
- No competition in the market.
- Highly efficient internal system.
- IRCTC is the only organization authorized by the Ministry of Railways to offer online railway tickets.
- The company is an authorized catering service provider for passengers traveling by Indian Railways.
Weakness of IRCTC
- The quick ratio is just 1.73.
- Last year saw negative sales growth which was -65.42%.
- IRCTC has shown a poor revenue growth of -18.88% on an average in the last 3 years.
- IRCTC stock is trading at high EV/EBITDA of 50.49.
- Reduction in operating cash flow in the years 2021 and 2020.
Other Weaknesses and Threats:
- The business and revenue of IRCTC is largely dependent on the policies of the Ministry of Railways. Any adverse decision could significantly reduce its revenue.
- The company’s future success depends on its ability to upgrade services and infrastructure ahead of rapidly growing consumer demands.
- If the government allows competition in all or any of its business segments, it may affect its financial results.
IRCTC Shareholding Pattern
IRCTC Share Price Target FAQ
What is target price of IRCTC in 2023?
The target price of IRCTC in 2023 is ₹752.464
What is target price of IRCTC in 2024?
The target price of IRCTC in 2024 is ₹840.920
What is target price of IRCTC in 2025?
The target price of IRCTC in 2025 is ₹950.760
What is target price of IRCTC in 2030?
The target price of IRCTC in 2030 is ₹1417.191
IRCTC Limited is a profitable company since there is little competition in railway ticket booking. However, since their success relies heavily on government policy, an unfavourable change to the regulations may reduce earnings. Therefore, it is wise to keep an eye out for any new policies that might affect their business and reassess investments accordingly. This article provided insight into IRCTC Share Price Target for the years 2023, 2024, 2025, 2026 and 2030.
Disclaimer: These price targets of “IRCTC” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.