Hi, are you searching for IRCTC share price prediction and target or forecast, then you are in the right place. In this article, I am going to predict the IRCTC share price target based on fundamentals and technical analysis. So let’s start.
Before going into deep analysis let’s know brief information about the company and its business model.
The full form of the ‘Indian Railway Catering and Tourism Corporation Limited (IRCTC) was incorporated on 27 September 1999, as a public limited company. IRCTC was listed on NSE in 2019.
IRCTC comes under Central Public Sector Enterprise companies owned by the Central Government of India and under the administrative control of the Ministry of Railways.
The company has a monopoly in providing catering services to railways, online Railway tickets, and packaged drinking water at railway stations and railways in India.
The main motive of the IRCTC is to upgrade and modernize catering and hospitality services in railways and Railway Stations and other locations.
The Company also provides services like flight booking, hotel booking, E-catering, Rail Drishti, holiday packages, tourist trains, charter trains, hill railways, etc.
The Company also promotes international and domestic tourism in India through public-private participation.
The company has fourteen packaged drinking water plants across India like Delhi, Bihar, Tamil Nadu, Gujarat Maharashtra, etc.
The company has a total of five zonal offices in Delhi, Mumbai, Kolkata, Chennai, and Secunderabad, and ten regional offices at Jaipur, Lucknow, Bhopal, Bhubaneswar, Ahmadabad, Guwahati, Patna, Bangalore, Ernakulum, and Chandigarh.
IRCTC’s Business areas.
- Catering and Hospitality
- E-ticket Booking
- Bottled Water
- Tourism
Catering and Hospitality
The company introduced pantry cars to serve freshly cooked food on long or medium-distance trains.
The company also runs refreshment rooms, Jan Aahar cafeterias, and food plazas at various railway stations.
The company launched E catering services in 2014 to deliver food to passengers from partner restaurants online and provide delivery of food to their seats.
E-Ticket Booking
They provide E-ticket booking through its website, as well as from SMS service.
The company also provides an SMS facility to check PNR status, Live Train Status, Booking Status, etc.
Bottled Water
IRCTC has its own brand of packaged drinking water named ‘Rail Neer’ which the solo brand supplied in Railways and Railway Stations.
Tourism
The company also organizes and promotes package tours for domestic and foreign tourists and one is more popular ‘Bharat Darshan.
The company was also conferred one of Mini Ratna by Govt of India on 1 May 2008.
The Fundamentals of the IRCTC
| Sector | Travel Services |
| Market Cap | 50,892 Cr. |
| No. of Shares | 80 Cr. |
| EPS | 11.18 |
| PE | 56.92 |
| PB | 22.74 |
| ROE | 39.96 |
| Dividend Yield | 0.55% |
| Sales Growth | 142% |
| Profit Growth | 254.86% |
IRCTC share price History
IRCTC opened NSE on 14 Oct 2019 at 125.20 Rs. And made a high of 148.75 Rs for the day. The stock is in an uptrend till it made a high of 398.80 on 24 Feb 2020 and the fall started making a low of 154.95 on 23 March 2020.
The stock bounced back from the low making a high of 414.60 on 8 March 2021 and started falling till making a low of 310 on 19 April 2021.
The bounced back and continued its up trend and made its all-time high of 1279.25 on 18 Oct 2021 then started a downtrend and made a low of 557 on 4 July 2022, now this low acts as major support for the stock. Now the stock is trading at 651 as of 10 Feb 2023.
IRCTC Share Holding Pattern
Promoter holding in IRCTC is more than 50% which is good for the company.
FII and DII holding is below 10% which indicates smart money is not so interested in the company.
The public holding in the company is more than 10% which creates more liquidity in the market. Less public shareholding in the company is better for company growth.
Fundamental Analysis of IRCTC Share
The fundamentals analysis of the company requires a lot of time and careful analysis of financial data to know the financial condition of the company. Some financial ratios must be taken into consideration while analyzing the company. Some are given below,
PE Ratio: The PE ratio of the Company is 56.92 which is high and overvalued which indicates for every rupee of earnings how much a shareholder is willing to pay for the share.
ROE: The company has a good 39.75% ROE which measures a company’s ability to pay its short-term liabilities with short-term assets.
Dividend Yield: the company pays a dividend of 3.50 and the yield is 0.56% for the current year.
Sales Growth: the company reported sales growth of 142% which is a good indication in relation to its growth and performance of the company.
The company has a zero Debt to Equity Ratio which means the company has a low proportion of debt in its capital.
The company is almost debt-free and has no promoter pledging of the stack.
Technical Analysis of IRCTC Share
Long term investment purposes we are taking weekly charts to know its major support and resistance and trend analysis. The chart of the weekly time frame tells that the stock is now in a consolidation phase where the stock is moving between 784 Rs. To 557 Rs. The first support is 602, the second support is 559 and the third support is 416. The first major resistance is 663, the second resistance is 777, and the third resistance is 844.
If the stock breaks its resistance of 663 Rs. The first target is 663, the second target is 709 and the third target is 742 for the short term.
When we look at moving averages we are taking exponential moving averages EMA 20 days is on 636, 50 days is on 657, 100 is on days 675 and 200 days is on 684.
IRCTC Share Price Prediction/Target/Forecast
| Year | Minimum | Maximum |
| 2023 | 603 | 709 |
| 2024 | 656 | 742 |
| 2025 | 701 | 777 |
| 2030 | 844 | 920 |
| 2035 | 1273 | 1973 |
| 2040 | 2238 | 3102 |
| 2045 | 3467 | 4296 |
| 2050 | 4125 | 5011 |
IRCTC Share Price Target 2023
IRCTC’s Share Price Target for 2023 will be a minimum of 603 and a maximum of 709. And the expected target will be 700.
IRCTC Share Price Target 2024
IRCTC’s Share Price Target for 2024 will be a minimum of 656 and a maximum of 742. The expected target will be 736.
IRCTC Share Price Target 2025
IRCTC’s Share Price Target for 2025 will be a minimum of 701 and a maximum of 777. The expected target will be 770.
IRCTC Share Price Target 2030
IRCTC’s Share Price Target for 2030 will be a minimum of 844 and a maximum of 920. The expected target will be 910.
IRCTC Share Price Target 2035
IRCTC’s Share Price Target for 2035 will be a minimum of 1273 and a maximum of 1973. The expected target will be 1952.
IRCTC Share Price Target 2040
IRCTC’s Share Price Target for 2040 will be a minimum of 2238 and a maximum of 3102. The expected target will be 3095.
IRCTC Share Price Target 2045
IRCTC’s Share Price Target for 2045 will be a minimum of 3467 and a maximum of 4296. The expected target will be 4183.
IRCTC Share Price Target 2050
IRCTC’s Share Price Target for 2050 will be a minimum of 4125 and a maximum of 5011. The expected target will be 5001.
Conclusion:
IRCTC is a government undertaking company and the company has a monopoly in its field. All technicals and fundamentals are good so you can take them into consideration for investment. Before investment check the market condition and make sure it right time to invest. For more information and details you mail us or comment below and share this article with your friends and family.
