Currently, IRCTC's m-cap is more than two of the Nifty 50 companies -- Zee Entertainment Enterprises (Rs 24,329 crore) and YES Bank (Rs 8,990 crore). The company has also surpassed 27 companies from the S&P BSE 100 index including MRF, Lupin, Aurobindo Pharma, Page Industries, Apollo Hospitals Enterprises, ACC, Ashok Leyland, Bharat Forge and TVS Motor Company during the period.
With today’s rally, IRCTC
has zoomed 523 per cent as against its issue price of Rs 320 per share on the BSE. The company had declared an interim dividend at the rate of Rs 10/- per share, which is 100 per cent of paid up share capital. The stock already turned ex-date for dividend on Monday, February 24, 2020.
is the only entity authorized by the Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. It has a dominant position in the online rail bookings/packaged drinking water with around 73 per cent/45 per cent market share, respectively.
For October-December quarter (Q3FY20), the company posted a strong profit growth on back of healthy performance from e-ticketing services. The profit before tax (PBT) from e-ticketing services jumped an over five times to Rs 193 crore in Q3FY20 as compared to Rs 36 crore in the same quarter of the previous year.
Railway has approved the new tariff for the catering for the premium & non-premium trains and for the static unit. The revised rate will be applicable from March 28, 2020 on the pre-paid trains. Indian Railways plans to add pantry car in long running trains and hence it will increase the catering revenue for the company.
IRCTC has reintroduced service charges on the internet ticket booking from September 2019 and will not require sharing revenue with railway. E-ticket share is 73 per cent and it is increasing at 2-3 per cent in year.
Meanwhile, railway is planning to add 150 trains on private basis and company will participate in the project. The company has appointed consultant to guide company to how to take this project. IRCTC has added two railneer plants during the October-December quarter (Q3FY20) and will add two more plants in current quarter (January-March 2021), analysts at Narnolia Financial Advisors said in a note.