{"id":26074,"date":"2023-01-03T15:00:09","date_gmt":"2023-01-03T09:30:09","guid":{"rendered":"https:\/\/fundsindia.com\/blog\/?p=26074"},"modified":"2023-01-09T17:12:29","modified_gmt":"2023-01-09T11:42:29","slug":"alpha-irctc-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-irctc-ltd-equity-research-desk\/26074","title":{"rendered":"Alpha | IRCTC Ltd. \u2013 Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2023\/01\/FI_Alpha-IRCTCLimited.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2023\/01\/Alpha-New-13.png\" alt=\"\" class=\"wp-image-26076\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2023\/01\/Alpha-New-13.png 983w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2023\/01\/Alpha-New-13-300x143.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2023\/01\/Alpha-New-13-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3>IRCTC Ltd. \u2013 A Regulated Monopoly<\/h3>\n\n\n\n<p>Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a \u201cMini Ratna (Category-I)\u201d Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th 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 &amp; commercial publicity and global reservation systems. At present, the Company operates through Fifteen Rail Neer Plants for packaged drinking water segment and 11 Base Kitchens for catering services. The company has Five Zonal Offices, Ten Regional Offices, One Internet Ticketing office and Tourism office.<\/p>\n\n\n\n<h3>Valuation<\/h3>\n\n\n\n<p>Going by the business model and financials of IRCTC, it seems like there is no looking back for the Mini-Ratna company. Moreover, the monopoly granted to it by the Ministry of Railways further boosts its growth. IRCTC is also constantly diversifying its business and using technological advancements to strengthen itself further. Hence, we recommend an ACCUMULATE rating in the stock with the target price (TP) of Rs.800, 45x FY24E EPS.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2023\/01\/FI_Alpha-IRCTCLimited.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"531\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-25301\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report.png 531w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>If you are new to FundsIndia, open your FREE investment account with us and enjoy lifelong research-backed investment guidance.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/registration\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"406\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png\" alt=\"\" class=\"wp-image-25306\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png 406w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1-300x49.png 300w\" sizes=\"(max-width: 406px) 100vw, 406px\" \/><\/a><\/figure><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRCTC Ltd. \u2013 A Regulated Monopoly Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a \u201cMini Ratna (Category-I)\u201d Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":26076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[201,108,517,745,717,864,325],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | IRCTC Ltd. \u2013 Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-irctc-ltd-equity-research-desk\/26074\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | IRCTC Ltd. \u2013 Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"IRCTC Ltd. \u2013 A Regulated Monopoly Indian Railway Catering and Tourism Corporation Ltd. 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