Buy Indian Railway Catering & Tourism Corporation, target price Rs 951: Nuvama Wealth

Nuvama Wealth has buy call on Indian Railway Catering & Tourism Corporation with a target price of Rs 951.
The current market price of Indian Railway Catering & Tourism Corporation Ltd. is Rs 907.95.

Indian Railway Catering & Tourism Corporation Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 71000.00 Crore) operating in Tourism & Hospitality sector.


Indian Railway Catering & Tourism Corporation Ltd. key Products/Revenue Segments include Other Services (Tour Income), Packaged Drinking Water, Beverages & Food, Other Services, Scrap for the year ending 31-Mar-2023.


Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 1042.39 Crore, up .13 % from last quarter Total Income of Rs 1041.00 Crore and up 25.32 % from last year same quarter Total Income of Rs 831.80 Crore. Company reported net profit after tax of Rs 294.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 62.4 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.11 per cent, DIIs 10.52 per cent.