Should You Buy IRCTC Shares — Here’s What Brokerages Say

Indian Railway Catering and Tourism Corporation (IRCTC) shares traded on a weaker note during today’s trading session following a positive opening. As of 10:45 am, company shares traded at ₹ 777.3 apiece.

Q4FY25 Results

During the March quarter (Q4FY25), IRCTC reported a net profit of ₹358.2 crore, compared to ₹284.2 crore in the previous quarter a year ago. Topline also increased by 10.1% YoY to ₹1,268.5 crore in Q4FY25.

What did brokerages say?

Setting a target price of ₹900, an upside of 16% from the previous closing price, brokerage firm Macquarie has maintained an ‘outperform’ call on the stock.

The brokerage considers railway modernisation as the growth driver of the stock. It noted that spiritual tourism is generating a sizable revenue for the company. The revenue in this segment surged 77%, while EBITDA clocked a growth of 440%.

The brokerage also expects a 30% surge in free cash flow or FCF and 30% growth in return on invested capital (ROIC).