Hello Friends, Welcome to another article on Share Price Target. Today we discuss IRCTC Share Price Target 2023, 2024, 2025, 2026, and 2030. IRCTC was given excellent returns to investors over a period of time because this company is the monopoly in the industry. To predict, its future share value we have to know its fundamentals.
Evaluate the business model, financials, history, and company’s strengths and weaknesses to give clarity that how the company will perform in the future. Also, we deeply analyze the current market trend and upcoming demand and opportunities in the industry. So Let’s see the full detail on IRCTC Share Price Target 2023, 2024, 2025, 2026, and 2030.
IRCTC Share Price Target 2023, 2024, 2025, 2026 and 2030
IRCTC ( Indian Railway Catering and Tourism Corporation) works under the Ministry of Railways which deals with ticketing, catering, and tourism services for Indian Railways. IRCTC was established on 27 Sep 1999. The company is the monopoly of the industry in India.
IRCTC was listed on the 2019 IPO, currently, company’s 67% of its shares are held by the central government in the Ministry of Railways.
IRCTC Share Price Target 2023
IRCTC is a single company that works with Indian Railways. Each and every day millions of people travel by train. As you can see IRCTC is the single player in this biggest sector that provides E-ticketing, catering, Tours and Travel, and Packaging drinking water.
The usage of Train ticketing using IRCTC keeps on increasing due to the market demand. Right now most of the revenue comes from catering services. The company making a good profit from it. The company is focusing more on other services for more revenue. So the company can able to generate more profit from multiple sources of its business.
IRCTC Share Price Target 2023: If the company keeps on growing in each segment you can see the excellent results of the IRCTC Share Price Target at the end of 2023. The first target value will hit around Rs.700, after hitting this target you can expect the second highest value to be Rs. 720.
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IRCTC Share Price Target 2024
IRCTC is a large-cap company that has a total market value of Rs. 48,590 Cr in (Feb 2023). IRCTC’s Share price Today is 607.75 (25-2-2023), currently, the P/E ratio is 51.67% and the P/B ratio is 25.58% is the fair share value. The company’s 52-week high value is 840.95.
Due to the epidemic company makes a loss, but after that, it slowly recovered and generate profit. You can see the last 2-3 quarter shows good results. In past, the company shares gave high returns to investors.
IRCTC Share Price Target 2024: The company seems strong fundamentals and gradually increasing its growth in revenue, so you can expect IRCTC’s Share value by 2024 to be Rs. 800 with good returns. After hitting this value you can see the highest second target is Rs. 830.
IRCTC Share Price Target 2025
IRCTC keeps updated with customers with the help of technology. The company has so many opportunities ahead, and the company trying to become the one-stop travel solution for its customers. The company is introducing new services to attract more customers, like luxurious waiting lounges and budget hotels in collaboration with private companies.
IRCTC is the single catering service provider on trains by Indian Railways. Also, they introduce e-catering like food order services that allow customers to order food from partner restaurants delivered by IRCTC.
IRCTC Share Price Target 2025: The company keeps evolving and adapting to new market trends and introducing new services for its customers. Due to this it can able to see very good growth in the long run as an industry. The Share Price Target by 2025 is Rs. 920 and the second highest target is Rs. 950
IRCTC Share Price Target 2026
IRCTC also provides services like online ticketing, apart from e-ticket and catering services the company currently working to expand its business in Travel and Tourism which has more revenue potential.
The management offers new travel packages and special trains for specific destinations for a better tourist experience. Recently the company announced luxury Tourist Trains “Maharaja Express and Golden Chariot”.
In FY 2022 IRCTC make 38,178.32 Cr collected by ticket booking itself. An average of 11.44 lakh tickets were booked per day. And they provide so many updates to keep increasing their customer base.
IRCTC Share Price Target 2026: If the company has a strong presence in every business segment you can expect a high level of income in the upcoming days. You can definitely expect the share value in 2026 to be Rs. 980 and if it touched the first target then it may reach up to Rs.1020 the second-highest value Is Rs. 1040
IRCTC Share Price Target 2030
IRCTC introduce a new AI for customer support called “Ask Disha“, the company is providing tourism for domestic and international borders, day-to-day religious tourism keeps increasing, and their affordable price for non-rail bookings attracts more customers.
The Indian Railway is continuously growing and the announcement of new trains is the boost up for IRCTC, the government announced 1.4Lac Crore for railways in the union budget 2023. And introducing technology in rail mobility ( GPS for tracking the trains) which gives more convenience to passengers.
IRCTC Share Price Target 2030: There are a lot of opportunities in the railway sector that give more business to IRCTC, like digital payment acceptance, an increase in religious tourism and pilgrimage tourism, internet penetration, and mobile usage.
IRCTC is a debt-free and fundamentally strong company, so you can expect more returns from investing in this company’s shares, you can expect the share price value by 2030 to be Rs. 1500 and the second target is Rs. 1540.
IRCTC Share Price Target 2035
According to World Travel and Tourism Council, travel and tourism in India are expected to grow by up to 8% in upcoming years. Especially in “Rail Neer” packaged drinking water has a huge market opportunity for growth. The company generates more revenue from drinking water through efficient operations by lower its cost and branding and improving packaging.
IRCTC Share Price Target 2035: IRCTC is the monopoly of the biggest industry, we can see the upcoming growth potential in railways and Indian tourism, so the usage of ticket booking and tourism is increasing, and the company makes a higher margin in the future. The share price Target by 2035 is Rs. 3100 and the second share target is Rs. 3180
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IRCTC Share Price Target 2040
IRCTC is run by the union government, so it can take full advantage of Indian railways for the long term. The company continuously keeps updating its business models and adapting new technologies to provide standard service to its customers. The company has a strong business model which the new player can’t able to provide.
IRCTC Share Price Target 2040: You can expect good returns in a long run from IRCTC shares, the share value by 2040 is Rs. 5600 by giving the multi-bagger stock for investors.
IRCTC Share Price Target 2023, 2024, 2025, 2026 and 2030
|Years||First Target||Second Target|
IRCTC Business Model
IRCTC ( Indian Railway Catering and Tourism Corporation) is a monopoly company owned by the Government of India and works under the Ministry of Indian Railways. Established in 1999 as a Public Sector Undertaking(PSU). IRCTC provides Catering and Hospitality, internet ticketing, Travel & Tourism, Packaged Water, and State Teertha services in Indian Railways.
- Catering Service: The company is the largest hospitality and catering service provider in India. They had different options like Mobile Catering business, Static Catering, and E-catering.
- E-ticketing: The company is the main player of train tickets in Indian railways, right now they expands it into bus and air tickets also.
- Packaged Drinking Water: The company launched Rail Neer, a safe and trusted packed drinking water brand for passengers on trains.
- Travel & Tourism: IRCTC is constantly working towards promoting and developing its Travel and Tourism services. India has a wide range of the finest landscapes in the world.
Overview Of IRCTC
|Market Cap||48.59T Cr|
Strength Of IRCTC Limited
- Monopoly in the sector, Only one company is authorized by online ticketing and catering in Indian Railways
- Zero debt in books till Mar 2022
- 31.86% of 5-year CAGR in PAT between FY 18-22
- 6.31% of 5-year CAGR in revenue
- Government Support: The government of India retains a major stake in IRCTC and receives full support in terms of infrastructure and funds.
- The monopoly of Train travel and ticketing: IRCTC is a profitable business in ticketing, catering, and tourism services
- Online Ticketing: The main player in e-ticketing is through its website and mobile phones.
Weakness Of IRCTC Limited
- Food Quality: IRCTC maintains its standards for the quality and taste of food. they need to improve their quality and packaging for long travel journey passengers.
- Promotional Activities: IRCTC improves its promotions and its marketing strategy seems to improve.
- Need to Invest in New Technologies: According to the country’s population and geographical areas, the company needs a lot of capital investments for the expansion of its business.
- Poor Customer Support: The company is a monopoly in the sector, so the management doesn’t improve its customer support.
Opportunities Of IRCTC Limited
- Human Population: India is the second largest populated country in the world, so there is a huge potential for business in the upcoming days.
- Wide Market Base: India is a land of opportunity, where options for multiple business segments are available for targeting.
- No Competition: IRCTC is the only company to utilize those opportunities and offers due to the non-competitive market.
IRCTC Share Holding Pattern
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After reading this entire article on IRCTC Share Price Target 2023, 2024, 2025, 2026, and 2030 you can get more insight into investment in this company’s shares. The company looks solid and it’s a monopoly in the sector, so you can expect this stock will be multi-bagger in the future.
You have to consider this company is owned by the Union government, due to changes in policy may affect its growth. Hope nothing would happen to this company. If you enjoyed this article share it with your friends and have any queries comment below.
Keep in mind the value provided here is only for reference purposes, the actual value may vary due to various market conditions.
This article is only for educational purposes, we do not recommend any investment advice in this article. Before taking action do your own research and seek advice from a financial advisor. We are not registered advisors to SEBI.
FAQ – IRCTC Limited
IRCTC Share is good for the long-term?
If you see the company’s fundamentals and the upcoming market demand, you can trust this company shares for the long-term.
IRCTC Share Price Target by 2030?
The growth percentage was so good over the period, and it keeps increasing, so IRCTC’s share price target by 2030 is Rs. 1500
IRCTC Market Cap?
The current Market Cap of IRCTC is Rs. 48,628 Cr