INDIAN RAIL CAT AND TOUR IRCTC (IRCTC): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹459.95 latest close · −9.8% over the last 90 sessions

₹459.95 month-end · −33.0% over 12 months

₹459.95 month-end · −34.8% over 3 years

₹459.95 month-end · −27.6% since Jun '23

52-week range ₹435.00 to ₹725.00 · 1-year volatility 23.0%

Was the rally earned?

1 year3 years

-33%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 3 points, but investors now pay less per rupee of profit (P/E 41.1x to 26.4x), which took 36 points back.
The share count barely moved.

Net profit growth+3 ptsNet profit rose about 4%, which lifts the price.

P/E change-36 ptsThe P/E fell from 41.1x to 26.4x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

-35%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 27 points, but investors now pay less per rupee of profit (P/E 56.1x to 26.4x), which took 61 points back.
The share count barely moved.

Net profit growth+27 ptsNet profit rose about 38%, which lifts the price.

P/E change-61 ptsThe P/E fell from 56.1x to 26.4x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with SWIGGY

How rough has the ride been?

Maximum drawdown-62.9%not yet recovered

1-year volatility23.0%annualised

Beta vs sector index0.853-year daily, correlation 0.61

Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-62.9% (2021-10 peak to 2026-10 low, not yet recovered)

-58.2% (2020-02 peak to 2020-03 low, recovered 2021-03)

-21.9% (2021-03 peak to 2021-04 low, recovered 2021-06)

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

26.4xP/E todayNear its historic low

Against its own history7th percentile

CheapestMedian 48.6xDearest

Usual range 27.8x to 73.5x since 2023-06.

Against Consumer Services26.4x vs 22.4x

This company

26.4x

Sector median

22.4x

18% above the Consumer Services median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Services median

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P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Services median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Services median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Consumer Services is valued

Where does it rank among Consumer Services peers?

Each cell is the company's percentile rank among its Consumer Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE97thflat vs a year ago
Op. margin72nd▼ 12 pts vs a year ago
Revenue growth75th▲ 23 pts vs a year ago
EPS growth60th▼ 4 pts vs a year ago
Debt/equity ↓83rdflat vs a year ago
Cash cycle ↓20th▼ 80 pts vs a year ago
P/E ↓46th▲ 11 pts vs a year ago
12M momentum32nd▼ 30 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Services sector page Watch it move against Consumer Services in the Observatory

What is the price implying?

~16%annual earnings growth implied by the price

At a P/E of 26.4x, the price would imply about 15.6%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Consumer Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹459.95
P/E: 26.4x
ROCE: 46.0%
Market Cap: ₹36813 cr
Revenue (TTM): ₹5425 cr
P/S: 6.8x
P/B: 8.5x
ROE: 32.4%
Operating Margin: 28.0%
Debt / Equity: 0.0x
Promoter Holding: 62.4%
12M Momentum: -33.0%

52-week range

₹435.00₹725.00

9% of the way from its 52-week low to its high

Price risk

1Y volatility

23.0%

Beta vs sector

1-year daily

0.68

Balance sheet & cash

Interest cover

operating profit ÷ interest

100.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

0.78x

Share count, 1Y

unchanged

Are profits backed by cash?

4 of 6checks within range2 near a threshold

Other income reliance15%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 15.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.78xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.78x (cash from operations ₹2,988 cr, net profit ₹3,819 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 4 yrsWithin range

Fiscal years with positive free cash flow in the last 4: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+14 daysWithin range

Debtor days are above the median of the previous three fiscal years by 14 days (132 vs 118). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, FIIs trimmed 3.4 pts; DIIs added 2.9 pts.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters62.4%62.4%0.0 pts

FIIs7.3%3.9%-3.4 pts

DIIs12.0%14.9%+2.9 pts

Public and others18.3%18.9%+0.6 pts

Number of shareholders

19.5 lakhshareholders+1% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−11.7%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like INDIAN RAIL CAT AND TOUR IRCTC today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −21% to +10% vs the market, against −5% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −7.2%, 80% range −11.9% to −0.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−11.7%

All companies' median

−4.5%

Beat the market

34% vs 45%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
CRISIL Commercial Services	Jun 2024	47x	41%	+9%	−19%	+39%
SANOFI Health Technology	Sep 2025	25x	49%	−34%	−35%	−35%
VINATIORGA Process Industries	Oct 2023	42x	28%	−9%	−20%	−18%
ABBOTINDIA Health Technology	Jun 2024	48x	46%	+18%	−7%	+27%
OFSS Technology Services	May 2021	18x	40%	+44%	−8%	−13%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
GLAXO Health Technology	Jan 2025	48x	51%	−12%	−35%	+15%
AJANTPHARM Health Technology	Feb 2022	23x	32%	−2%	−28%	+4%
3MINDIA Producer Manufacturing	Sep 2024	62x	41%	+6%	−16%	−6%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, debt/equity and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to INDIAN RAIL CAT AND TOUR IRCTC. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

AJANTA PHARMAAJANTPHARM

Health Technology

77%similar

revenue growthmarket cap

CRISILCRISIL

Commercial Services

75%similar

market capoperating margin

HCL TECHNOLOGIESHCLTECH

Technology Services

68%similar

promoter holdingROCE

ORACLE FINANCIAL SERVICES SOFTOFSS

Technology Services

68%similar

ROCEP/E

CASTROL INDIACASTROLIND

Energy Minerals

67%similar

volatilitydebt/equity

EIHEIHOTEL

Consumer Services

51%similar

P/Erevenue growth

INDIAN HOTELS COINDHOTEL

Consumer Services

38%similar

operating marginvolatility

SUN TV NETWORKSUNTV

Consumer Services

38%similar

market caprevenue

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

27 events since Feb '20

2026
OctPriceFell 63% from the Oct 2021 peak to the Oct 2026 low.
MarPeer rankSlipped to the 2nd quartile of Consumer Services on operating margin (from the top quartile).
FebPriceVolume reached 19.6x its 50-day median on 2026-02-27; price -4.3% that day.
2025
DecPriceVolume reached 10.8x its 50-day median on 2025-12-26; price +3.8% that day.
SepPeer rankMoved into the top quartile of Consumer Services on operating margin (from the 2nd quartile).
JulPeer rankSlipped to the 2nd quartile of Consumer Services on operating margin (from the top quartile).
JunValuationP/E fell below the 10th percentile of its own history to date (47.5x).
MayPriceVolume reached 5.0x its 50-day median on 2025-05-29; price -0.2% that day.

Show 19 earlier events

2025
MarPeer rankSlipped to the 2nd quartile of Consumer Services on EPS growth (from the top quartile).
MarPriceVolume reached 6.7x its 50-day median on 2025-03-27; price +1.9% that day.
2024
DecPeer rankMoved into the top quartile of Consumer Services on EPS growth (from the 2nd quartile).
JunResultsRevenue (TTM) reached a new high of ₹4,266 cr.
JanPriceVolume reached 5.2x its 50-day median on 2024-01-01; price +0.5% that day.
2023
DecPriceVolume reached 26.0x its 50-day median on 2023-12-19; price +0.3% that day.
SepPriceVolume reached 10.8x its 50-day median on 2023-09-08; price +2.6% that day.
MayPriceVolume reached 10.1x its 50-day median on 2023-05-30; price -0.3% that day.
2022
DecPriceVolume reached 8.3x its 50-day median on 2022-12-15; price -6.2% that day.
AugPriceVolume reached 13.2x its 50-day median on 2022-08-19; price +2.9% that day.
2021
OctPriceVolume reached 5.7x its 50-day median on 2021-10-20; price -18.7% that day.
AugPriceVolume reached 7.1x its 50-day median on 2021-08-02; price +5.9% that day.
JunPriceVolume reached 5.5x its 50-day median on 2021-06-08; price +2.4% that day.
MarPriceRegained the 2020-02 peak, 12 months after the low.
JanPriceVolume reached 6.9x its 50-day median on 2021-01-06; price +1.8% that day.
2020
DecPriceVolume reached 80.5x its 50-day median on 2020-12-10; price -10.2% that day.
SepPriceVolume reached 6.9x its 50-day median on 2020-09-07; price +3.6% that day.
MarPriceFell 58% from the Feb 2020 peak to the Mar 2020 low.
FebPriceVolume reached 19.5x its 50-day median on 2020-02-01; price -1.7% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history42 months · 2023-06 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	26.4x	₹5425 cr	32.4%	46.0%	0.0x
2026-10	25.0x	₹5425 cr	32.3%	46.0%	0.0x
2026-09	26.1x	₹5425 cr	32.3%	46.0%	0.0x
2026-08	27.6x	₹5215 cr	32.3%	46.0%	0.0x
2026-07	28.1x	₹5215 cr	32.3%	46.0%	0.0x
2026-06	28.9x	₹5215 cr	32.3%	46.0%	0.0x
2026-05	28.6x	₹5024 cr	38.9%	49.0%	0.0x
2026-04	30.3x	₹5024 cr	38.9%	49.0%	0.0x
2026-03	27.7x	₹5024 cr	38.9%	49.0%	0.0x
2026-02	33.2x	₹4800 cr	37.5%	49.0%	0.0x
2026-01	36.3x	₹4800 cr	37.5%	49.0%	0.0x
2025-12	39.9x	₹4800 cr	37.5%	49.0%	0.0x
2025-11	41.1x	₹4718 cr	36.5%	49.0%	0.0x
2025-10	43.0x	₹4718 cr	36.5%	49.0%	0.0x
2025-09	41.9x	₹4718 cr	36.5%	49.0%	0.0x
2025-08	42.1x	₹4676 cr	35.9%	49.0%	0.0x
2025-07	44.2x	₹4676 cr	35.9%	49.0%	0.0x
2025-06	47.5x	₹4676 cr	35.9%	49.0%	0.0x
2025-05	48.7x	₹4562 cr	38.4%	54.0%	0.0x
2025-04	48.5x	₹4562 cr	38.4%	54.0%	0.0x
2025-03	46.9x	₹4562 cr	38.4%	54.0%	0.0x
2025-02	44.7x	₹4455 cr	37.2%	54.0%	0.0x
2025-01	54.8x	₹4455 cr	37.2%	54.0%	0.0x
2024-12	52.5x	₹4455 cr	37.2%	54.0%	0.0x
2024-11	55.0x	₹4382 cr	36.7%	54.0%	0.0x
2024-10	55.4x	₹4382 cr	36.7%	54.0%	0.0x
2024-09	62.6x	₹4382 cr	36.7%	54.0%	0.0x
2024-08	67.2x	₹4266 cr	34.4%	54.0%	0.0x
2024-07	71.2x	₹4266 cr	34.4%	54.0%	0.0x
2024-06	71.3x	₹4266 cr	34.4%	54.0%	0.0x
2024-05	81.2x	₹3541 cr	40.6%	—	0.0x
2024-04	82.6x	₹3541 cr	40.6%	—	0.0x
2024-03	74.0x	₹3541 cr	40.6%	—	0.0x
2024-02	73.8x	₹3541 cr	40.6%	—	0.0x
2024-01	77.7x	₹3541 cr	40.6%	—	0.0x
2023-12	70.6x	₹3541 cr	40.6%	—	0.0x
2023-11	56.1x	₹3541 cr	40.6%	—	0.0x
2023-10	52.9x	₹3541 cr	40.6%	—	0.0x
2023-09	54.2x	₹3541 cr	40.6%	—	0.0x
2023-08	53.5x	₹3541 cr	40.6%	—	0.0x
2023-07	51.0x	₹3541 cr	40.6%	—	0.0x
2023-06	50.5x	₹3541 cr	40.6%	—	0.0x

Methodology and data notes