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IRCTC Share Price – Kuvera

Asefa Hafeez
IRCTC Share Price

IRCTC is a “Mini Ratna (Category-I)” Central Public Sector Enterprise that falls under the Ministry of Railways of the Government of India. The Indian Railway Catering and Tourism Corporation (IRCTC) was established on September 27 1999, as an extension of the Indian Railways. Its mission is to promote domestic and international tourism through the creation of low-cost accommodations, unique tour packages, informational and promotional campaigns, and international reservation systems. The corporation has a 250 crore authorised capital and 160 crores paid-up capital. It is registered, and its corporate headquarters are in New Delhi.

 

 

The following is a list of the company’s primary activities:

 

 

 

 

 

The Company’s current channels of operation are:

 

There are fourteen rail manufacturing facilities located in Nangloi-Delhi, Danapur-Bihar, Palur-Tamil Nadu, Ambernath-Maharashtra, Amethi-Uttar Pradesh, Parassala-Tamil Nadu, Bilaspur-Chhatisgarh, Hapur-Uttar Pradesh, Sanand- Gujarat, Mandideep-Madhya Pradesh, Jagiroad-Assam, Man

 

Five Zonal Offices, namely New Delhi, Mumbai, Kolkata, Chennai, Secundrabad, and Ahmedabad, are located in each of the following cities: Howrah, Ahmedabad, Patna, Mumbai Central, Mumbai CST, Ballarshah, Nagpur, Balasore, Sealdah, and Kharagpur Jn. New Delhi, Mumbai, Kolkata, Chennai, and Secundrabad each have a Zonal Office. At Lucknow, Chandigarh, Jaipur, Bhopal, Ahmadabad, Guwahati, Bhubaneswar, Patna, Ernakulam, and Bangalore, there are ten regional offices. There is only one online ticket office in New Delhi. New Delhi has one tourism office.

 

Ticketing Business 

 

IRCTC has transformed life for the average person using Indian Railways. The IRCTC Online Ticket Booking System benefits the average person by giving him technological power. The Company, which was established in August 2002, had only 27 tickets reserved on the first day it began offering Internet ticketing throughout the nation.

 

The company reached a record of 15.88 lakh e-tickets booked on March 21, 2022, up from 27 i-tickets booked in 2002 (the year of start). It has now become one of the biggest e-commerce websites in the nation and the Asia Pacific after more than 19 years of a glittering journey.

 

The Next Generation E-Ticketing (NGeT) System superseded the e-Ticketing System on April 28, 2014, gradually increasing the capacity of minutely booked tickets. High-capacity servers that have the ability to book more than 26,000 tickets per minute support the NGeT system. On March 5, 2020, it had seen a record-breaking 26,458 ticket purchases per minute (at 11.02 min).

 

Through its website, www.irctc.co.in, and IRCTC Rail Connect Mobile Apps (Android and iOS platform), which accounted for 80.43% of the total reserved tickets book on Indian Railways in FY 2021–2022, IRCTC is a pioneer in internet-based rail ticket booking. Throughout FY 2021–2022, 11.44 lakh tickets were regularly sold through the IRCTC website and mobile app. The website provides ticket booking services around-the-clock, with the exception of a 35-minute hiatus from 23:45 to 00:20.

 

A total of 4174.49 lakh tickets have been reserved in 2021–2022 compared to 1740.44 lakh in 2020–2021. 

 

 

The total number of passengers who purchased e-tickets in 2021–2022 was 7343.26 lakh, up from 3052.67 lakh in 2020–2021. Throughout the year, the passenger-to-ticket ratio was 1.76:1. Due to improved COVID-19 conditions, Indian Railways was able to resume normal train operations, which resulted in an increase in the number of tickets purchased during the year.

 

 

A total of Rs. 38178.32 crores was received as Ticket Fare from the users as E-ticketing revenue during the fiscal years 2021–2022, which is almost 115% more than the amount collected the previous year of Rs. 17761.60 crores.

 

New Initiatives Implemented in 2021–2022.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Travel & Tourism Business

 

The country’s tourist kaleidoscope has been the railroad since the beginning of civilization. Given the size of the nation, Indian railways have been transporting both domestic and foreign tourists. The Government of India has tasked IRCTC, which was founded in 1999, with upgrading and professionalising rail-based tourism in the nation. IRCTC has been a driving force behind the national promotion and growth of rail tourism over the past twenty years. IRCTC is likely the only company that offers packages priced between Rs. 900 and USD 900 per day. IRCTC runs a website called www.irctctourism.com that offers a wide range of services to the general public, including rail-based packages, hotels, and railroad retiring rooms, giving visitors a one-stop shop for all of their travel requirements.

 

Rail Based Tourism Rail Tour Packages – Indian Railways reserves seats/berths in trains for the to and fro journey for packages that IRCTC organises to various destinations. These packages provide trips to tourist hotspots, pilgrimage sites, and other locations across the nation. IRCTC currently runs over 70 rail tour packages. These packages can be reserved at www.irctctourism.com.

 

IRCTC offers train tours with set departure dates and itineraries called Special Tourist Trains. Bharat Darshan Trains and Aastha Circuit Trains are the names of these trains. Over 50,000 people travelled on 99 journeys of the Bharat Darshan and Aastha Circuit Trains in the 2018–19 academic year.

 

With the introduction of the Buddhist Circuit Tourist Train in 2007, the IRCTC was a pioneer in special topic train journeys. Buddhist Circuit Tourist Train – Introduced in 2007, this train excursion visits the significant locations associated with the life of Buddha. In order to give visitors better amenities, a new train with cutting-edge features was introduced in 2018. Bodhgaya, Nalanda, Sarnath, Sravasti, Rajgir, Varanasi, Lumbini, and Agra are all included in the 7 Nights/8 Days package.

 

Majestic Tourist Train: Starting in September 2019, this train excursion will stop at significant locations in Rajasthan.

 

Maharajas’ Express: Considered to be the best luxury train in the world, Maharajas’ Express has been selected by the World Travel Awards as the Leading Luxury Train of the World for seven years running. The tours include a variety of topics, including Indian history, culture, and wildlife. The interior of the train is furnished with the best modern amenities. The train’s routes have been updated starting with season 2019–20 as it enters its tenth year of service.

 

Golden Chariot Train: In January 2020, IRCTC assumed management of Golden Chariot Luxury Train marketing and operations from Karnataka State Tourism Development Corporation Limited for a ten-year tenure. The Golden Chariot offers three carefully crafted itineraries that visit locations in Karnataka, Tamil Nadu, Kerala, and Goa, providing the ideal fusion of religion, culture, nature, and adventure.

 

In 2018, the IRCTC introduced the online module for booking trains, coaches, and saloons on a charter basis. Through this online module, groups, families, and corporate houses can now reserve entire trains on their desired routes as well as deluxe coaches and saloons that can be added to normal trains.

 

Catering And Hospitality Business 

 

One of the major hospitality and catering organisations in the nation, IRCTC operates a wide range of hospitality and culinary operations on board passenger trains, at railroad stations, on station property, and in connection with other ancillary enterprises. IRCTC oversees all of the Indian Railways’ onboard catering operations in more than 460 passenger trains with pantry cars, including the Rajdhani, Shatabdi, Duronto, Gatimaan Express, Mail/Express, and recently introduced Vande Bharat Express and Tejas Trains. The pantry cars in all of the aforementioned trains are where the onboard catering services are offered.

 

IRCTC also oversees contracts for train side vending (TSV) on Mail/Express and Superfast trains, which lack pantry coaches. The onboard sellers in train side vending accept orders from the customers using a given menu chart. The food is picked up by the vendors at the designated “meal pick-up places” in accordance with the prescribed order, and it is then given to the passengers.

 

IRCTC is redesigning the pantry carriages of trains with contemporary technology. The newly created pantry cars for the Rajdhani and Duronto Express will be fully air-conditioned LHB coaches outfitted with all contemporary kitchen appliances, including combi ovens, brat pans, deep fryers, etc. They will also have enough space for storing both dry goods and perishables, proper exhaust chimneys, suitable garbage bins, and housing for the kitchen staff.

 

In accordance with the Ministry of Railways’ 2017 Catering Policy, which aims to serve high-quality meals to passengers on trains, IRCTC has refurbished 46 kitchens with contemporary cooking apparatus. These kitchens are currently being connected to CCTV cameras for public live broadcasting. Additionally, the ability to scan QR codes on meal packets is being restored. In addition to this, IRCTC is in the process of placing food safety supervisors in these kitchens to guarantee the quality of food produced there.

 

IRCTC created the idea of the Executive Lounge to meet the needs of mid-segment and high-end customers for a comfortable area to rest at the railway stations with facilities to dine in a clean atmosphere. IRCTC has already established eight executive lounges based on the idea of airport lounges in the following railway stations: New Delhi (Paharganj Side & Ajmeri Gate Side), Agra Cantt, Jaipur, Ahmedabad, Madurai, Sealdah, and Varanasi. Other amenities, like reclining sofas, meals in buffet service, wi-fi internet services, shower facilities, and others, are offered to passengers at low costs in addition to the executive lounges’ spacious surroundings.

 

To expand the lodging options for travellers, IRCTC is rebuilding, running, and maintaining Railway Retiring Rooms at significant train stations across the nation. The IRCTC has already updated the retiring rooms at 19 railway stations and is currently commissioning additional retiring rooms to be used by travellers.

 

At the now, IRCTC is in charge of two BNR Hotels in Puri and Ranchi as well as two Rail Yatri Niwas at the railway terminals in New Delhi and Howrah.

 

The Company implemented new technology to allow customers to view the food being prepared in real-time in its base kitchens in an effort to standardise the passenger experience. Artificial intelligence has made it feasible to stream live from IRCTC’s base kitchens all around the nation. The IRCTC has started using high-definition CCTV cameras to oversee operations in its kitchens. In order to ensure the quality and hygiene of the food produced, the artificial intelligence-enabled system looks for irregularities in the kitchen activities during food manufacturing. The Internet Ticketing Center Building in New Delhi houses the IRCTC’s control rooms, which will be able to monitor the CCTV cameras linked to the kitchens that feed food to trains through the unbundling scheme.

 

The most recent expansion of IRCTC’s catering and hospitality operations is e-Catering, which allows the business to combine technology and cuisine. With the help of a smartphone application, customers can order food from participating restaurants and food outlets using this internet-based service while riding a train. The passengers’ seats or berths are where food is delivered. You can make reservations in advance.

 

The following are the key characteristics of E-Catering: Only travellers with reserved tickets may use this service:

 

 

Frequently Asked Questions (FAQs)

 

IRCTC’s share price was INR 700.05  as on September 21, 2022.

 

As of September 21, 2022: 

52-wk high 1278.60

52-wk low 557

 

Key metrics to analyze any share price are a 52-week high, a 52-week low, a 1-year return, a 5-year return, etc. 

 

IRCTC does not have any peers, it is a monopoly business. 

 

The market cap of IRCTC is INR 56,000 Cr as on September 21, 2022.

 

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