Indian Railway Catering & Tourism Corporation (IRCTC) Multibagger 2021 Analysis

In this article we can explore the possibility of IRCTC as a Multibagger 2021 Stock based on Value Investing principles.

Website  www.irctc.com
CMPRs.₹ 801

Indian Railway Catering & Tourism Corporation Ltd

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27 th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. The authorized capital of the company is 250 crores and paid up capital is 160 crores, fully subscribed by Ministry of Railways, Government of India. It’s registered and Corporate Office is situated at New Delhi

  • Fourteen Rail Neer Plants at Nangloi-Delhi, Danapur-Bihar, Palur-Tamil Nadu, Ambernath-Maharashtra, Amethi (Uttar Pradesh), Parassala-, Tamil Nadu, Bilaspur (Chhatisgarh) Hapur (Uttar Pradedh), Sanand- Gujaratd, Mandideep-Madhya Pradesh, Jagiroad-Assam, Maneri-(Madhya Pradesh), Nagpur, (Maharashtra) and Sankrail-Kolkatta
  • 11 Base Kitchens at located at New Delhi, Howrah, Ahmedabad, Patna, Mumbai Central, Mumbai CST, Ballarshah, Nagpur, Balasore, Sealdah and Kharagpur Jn 5 Zonal Offices, namely, New Delhi, Mumbai, Kolkata, Chennai, Secundrabad
  • Five Zonal Offices at New Delhi, Mumbai, Kolkata, Chennai & Secundrabad
  • Ten Regional Offices at Lucknow, Chandigarh, Jaipur, Bhopal, Ahmadabad, Guwahati, Bhubaneswar, Patna, Ernakulam and Bangalore
  • One Internet Ticketing Office at New Delhi
  • One Internet Ticketing Office at New Delhi
Indian Railway Catering & Tourism Corporation Ltd Multibagger 2021 Analysis

Products

  • Catering & Hospitality
  • Internet Ticketing
  • Travel & Tourism
  • Rail Neer packaged Drinking Water

Services

  • Online ticketing
  • Catering and hospitality
  • Tourism
  • Train operations

Profit & Loss

Indian Railway Catering & Tourism Corporation Ltd Multibagger 2021 Analysis

Warren Buffet, Value & Growth Checklist

Capitalization65000 Crore2d260 red
Sales Increasing past 3 YearsNo, due to Covid2d260 red
Profit Increasing past 3 Years Yes, 30%
Durable Competitive AdvantageYes, No visible competitorsbce05 green e1587451073732
PE Ratio155 2d260 red
PB Ratio40X2d260 red
Debt Equity Ratio0.07bce05 green e1587451073732
Intrinsic Value Discount0% 2d260 red
Promoter Holding & Increase67%, No Increase bce05 green e1587451073732
Multibagger Returns0% 2d260 red

Positives

  • Company is almost debt free
  • Company is expected to give good quarter
  • Company have huge economic moat
  • Company has a good ROE & ROCE
  • Company have high interest coverage ratio

Negatives

  • Stock is trading at 40X of Book Value
  • Stock having NO Intrinsic Value discount
  • The company has delivered a poor sales growth in the past 3 years

Summary

As per the Value Investing grounds the company have NO Multibagger Potential at current price

DISCLAIMER

Company name, Logos are Copyright of respective owners. The advice or opinions here is not for public distribution and has been furnished to you solely for your information purpose and must not be reproduced or redistributed to any other person.  Any report is created from Public Source of Information available through Internet from Company website & Other websites & the Research Analyst does not guarantee the Validation of Content in this report

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