IRCTC.NS · Intrinsic value
Is Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) overvalued or undervalued?
Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) trades at the delayed market price of ₹455.60 a share. That price already implies revenue growth of 8.7% a year for 5 years. TickerWorth's fair value is ₹362.90 a share (priced within our range of ₹151.63 – ₹501.62). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is IRCTC.NS fairly valued?
- Fair value
- ₹362.90
- Market price
- ₹455.60
- Downside to fair value
- 20.3%
- Verdict
- Priced within our range of ₹151.63 – ₹501.62
Reverse DCF: Today's price implies revenue growth of 8.7% a year for 5 years; our model assumes 10.9% a year on average over the same horizon.
What is IRCTC.NS's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Consumer Cyclical companies in India
Its strongest point: a profitable, high-quality business. Its weakest: recent price trend has been weak.
- Value · 51 of 100
Cheaper than 51% of Consumer Cyclical companies in India
- Price vs worth · 33 of 100
- Quality · 78 of 100
More profitable than 78% of Consumer Cyclical companies in India
- Financial health · 73 of 100
Financially stronger than 73% of Consumer Cyclical companies in India
- Growth · 33 of 100
Growing faster than 33% of Consumer Cyclical companies in India
- Momentum · 7 of 100
Outperformed 7% of Consumer Cyclical companies in India over the past year
Confidence: Medium confidence · Scored
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IRCTC.NS DCF valuation, input by input
TickerWorth's fair value for Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) is ₹362.90 a share, against the delayed market price of ₹455.60 (priced within our range of ₹151.63 – ₹501.62). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values IRCTC.NS at about ₹501.62 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Indian Railway Catering & Tourism Corporation Limited's projected free cash flows at a weighted-average cost of capital (WACC) of 7.2%, with a long-run terminal growth rate of 2.5%. About 81% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 8.7% annual revenue growth for IRCTC.NS. Our base case instead compounds to about 10.9% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, IRCTC.NS's modeled DCF value ranges from about ₹346.89 to ₹1,008 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Indian Railway Catering & Tourism Corporation Limited would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of IRCTC.NS's intrinsic value. Figures update as new filings and prices come in.
Every input behind IRCTC.NS's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | ₹54,247,110,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 27.3% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 18% → 15% → 11% → 8% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.3% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.40 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 800M |
| Market priceLast known price · as of 2026-10-19 20:14 UTC | ₹455.60 |
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What does Indian Railway Catering & Tourism Corporation Limited do?
What does it do?
Indian Railway Catering & Tourism Corporation Limited engages in the provision of catering and hospitality, Internet ticketing, travel and tourism, and packaged drinking water services in India. The company operates through four segments: Catering, Railneer, Tourism & Train Operation, and Internet Ticketing. It operates in the Travel Services industry (Consumer Cyclical sector), headquartered in India. The company employs roughly 1,318 people.
How does it make money?
The business turns 54.2B in annual revenue into profit. Out of every $100 of sales, about $27 is left as operating profit (operating margin of 27.3%), after a 35% gross margin on the products/services it sells. After all costs, taxes and interest, 25.7% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries moderate debt (1.9× equity), and is currently profitable.
IRCTC.NS insider trading
Insider filings are available for US-listed companies only.
Common questions
What is IRCTC.NS's intrinsic value?
TickerWorth's blended fair value for Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) is ₹362.90 per share, versus a market price of ₹455.60 (priced within our range of ₹151.63 – ₹501.62).
Is IRCTC.NS overvalued or undervalued?
Priced within our range of ₹151.63 – ₹501.62 at ₹455.60. We don't call IRCTC.NS overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for IRCTC.NS?
A WACC of 7.2% and a terminal growth rate of 2.5%.
Is Indian Railway Catering & Tourism stock undervalued?
TickerWorth's fair value for Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) is ₹362.90 against a market price of ₹455.60. Our read: Priced within our range of ₹151.63 – ₹501.62. This is a model estimate, not investment advice.
Indian Railway Catering & Tourism (IRCTC.NS) DCF valuation and fair value
Our fair value for Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) is ₹362.90, built on a 7.2% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Indian Railway Catering & Tourism stock?
Today's price implies revenue growth of 8.7% a year for 5 years; our model assumes 10.9% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of ₹455.60. A model estimate, not investment advice.
Indian Railway Catering & Tourism (IRCTC.NS) insider trading
We have no recent SEC Form 4 insider filings on file for Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS). Form 4 covers US-listed companies only.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.