Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Oct 01, 2019 12:37 PM IST | Source:

Subscribe to IRCTC: Keynotes Financial Opiniery

Keynotes Financial Opiniery has come out with its report on IRCTC. The research firm has recommended to "Subscribe'' the IPO in its research report as on September 29, 2019

Representative Image
Representative Image
  • bselive
  • nselive
Todays L/H

➢Incorporated in 1999, state owned Indian Railway Catering and Tourism Corporation limited (IRCTC) is a wholly owned subsidiary of Indian Railways.
➢ IRCTC handles tourism, catering, online ticket booking services and provides packaged drinking water in trains and at railway stations in the country.
➢ The company was conferred as a Mini-Ratna or Category –I Public sector enterprise by the Indian Government in 2008.
➢ IRCTC also provides non-railway services including budget hotels, e-catering and executive lounges to create a non-stop solution for customers.

Valuation and Outlook

For FY19, the EPS for the company is 17.04 & book value per share is 65.18. Hence, P/E & P/B ratio at higher end of the band is 18.77 & 4.90 respectively. Hence, at the higher band, the valuation is at premium in comparison to its peer.

For all IPO stories, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Oct 1, 2019 12:37 pm
NULL int(1)
Follow us on
Available On
PCI DSS Compliant