Indian Railway Catering & Tourism Corporation Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Indian Railway Catering & Tourism Corporation target price for 2027 should start with where the stock sits today. At Rs 458.95 on 9 October 2026, it is 37.6% below its 52-week high of Rs 735.75 and 2.8% above its 52-week low of Rs 446.50. That range spans 65% from low to high, so the entry point matters as much as the Indian Railway Catering & Tourism Corporation price forecast itself.

This article builds the Indian Railway Catering & Tourism Corporation share price target from reported numbers only: four years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 503 base case and the Rs 610 bull case were reached, along with a downside risk level of Rs 360.

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Indian Railway Catering & Tourism Corporation Stock Analysis: Company Overview and Key Stats

Indian Railway Catering & Tourism Corporation (NSE: IRCTC) has a market capitalisation of Rs 35,956 crore. In FY26 it reported revenue of Rs 5,475 crore and net profit of Rs 1,393 crore. The table collects the figures the Indian Railway Catering & Tourism Corporation share price target is built on.

Metric	Value
Company	Indian Railway Catering & Tourism Corporation
NSE Ticker	IRCTC
CMP (9 October 2026)	Rs 458.95
52-Week High	Rs 735.75
52-Week Low	Rs 446.50
Market Cap	Rs 35,956 crore
PE Ratio (TTM)	25.82
Industry PE	26.27
Price to Book	8.35
Return on Equity	32.34%
Debt to Equity	0.02
EPS (TTM)	Rs 17.41
Dividend Yield	2.00%
12-Month Base Target	Rs 503
Bull Case	Rs 610
Downside Risk Level (not a target)	Rs 360

Why Is Indian Railway Catering & Tourism Corporation Share Price Target Set at Rs 503 for 2027?

The base-case Indian Railway Catering & Tourism Corporation stock target of Rs 503 applies a PE multiple of 25.82 to a forward EPS estimate of Rs 19.50. That EPS assumes 12.0% yearly growth, the pace from FY24 to FY26, and puts the target 9.6% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Indian Railway Catering & Tourism Corporation Target Price: Four Years of Results

Indian Railway Catering & Tourism Corporation grew revenue from Rs 3,662 crore in FY23 to Rs 5,475 crore in FY26, a compound annual growth rate of 14.3%. Net profit grew more slowly, from Rs 1,006 crore to Rs 1,393 crore (11.5% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY23	3,661.90	1,005.88	12.57	5.50
FY24	4,424.69	1,111.08	13.89	6.50
FY25	4,903.86	1,314.93	16.44	8.00
FY26	5,475.33	1,393.45	17.42	9.00

FY26 revenue growth was 11.7%, slower than the three-year average of 14.3%, and net profit moved up 6.0%. EPS rose from Rs 13.89 in FY24 to Rs 17.42 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Indian Railway Catering & Tourism Corporation converted 25.4% of FY26 revenue into net profit, against 26.8% in FY25, within a four-year range of 25.1% to 27.5%. EBITDA margin was 35.5% in FY26 versus 37.3% in FY25.

In the June 2026 quarter, revenue was Rs 1,441 crore, up 18.1% from the same quarter a year earlier, while net profit of Rs 330.16 crore was down 0.2%. EBITDA came in at Rs 458.39 crore, down 0.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.02, and shareholders' equity grew from Rs 2,478 crore in FY23 to Rs 4,309 crore in FY26. Operating cash flow in FY26 was Rs 1,273 crore against capital expenditure of Rs 77.86 crore, leaving free cash flow of Rs 1,195 crore, or 3.3% of the current market capitalisation. In FY25 free cash flow was Rs 785.76 crore.

Valuation Check for the Indian Railway Catering & Tourism Corporation Stock Target: PE, Price to Book and ROE

At a PE of 25.82 against an industry PE of 26.27, Indian Railway Catering & Tourism Corporation trades in line with its industry. Price to book is 8.35 on a book value of Rs 53.86 per share, and return on equity is 32.34%. A PE of 25.82 equals an earnings yield of 3.9%, and the FY26 dividend of Rs 9.00 per share gives a yield of 2.00%.

Shareholding Pattern and Institutional Holding

Promoters held 62.40% of Indian Railway Catering & Tourism Corporation in June 2026, and promoter holding has stayed near 62.40% since June 2025. Foreign institutional investors (FII) held 3.90% and domestic institutions (DII) held 14.86%, which puts total institutional holding at 18.76%. FII holding fell from 7.28% in June 2025 to 3.90% in June 2026. Public shareholders own the remaining 18.84%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Indian Railway Catering & Tourism Corporation Share Price Targets for the Short Term and 12 Months

Short Term Indian Railway Catering & Tourism Corporation Stock Target Levels: Technical Setup

At Rs 458.95 on 9 October 2026, Indian Railway Catering & Tourism Corporation trades below its 50-day simple moving average of Rs 479.60 and below its 200-day exponential moving average of Rs 542.82. The 14-day RSI reads 30.6, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 479.60 (50-day simple moving average) and the nearest support is Rs 446.50 (52-week low). A sustained move above Rs 479.60 would improve the short-term setup, while a close below Rs 446.50 would shift attention to the next support.

12 Month Indian Railway Catering & Tourism Corporation Target Price for 2027

The 12-month target for Indian Railway Catering & Tourism Corporation is Rs 503: forward EPS of Rs 19.50 at a PE of 25.82. That is 9.6% above Rs 458.95. It would still leave the stock 31.6% below its 52-week high of Rs 735.75. Anyone checking the Indian Railway Catering & Tourism Corporation share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Indian Railway Catering & Tourism Corporation Target Price

EPS Growth	PE 20.66	PE 25.82	PE 29.69
0.0% (EPS Rs 17.41)	Rs 360	Rs 450	Rs 517
12.0% (EPS Rs 19.50)	Rs 403	Rs 503	Rs 579
18.0% (EPS Rs 20.54)	Rs 424	Rs 530	Rs 610

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indian Railway Catering & Tourism Corporation price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Indian Railway Catering & Tourism Corporation Stock Target in 2027

Bull Case Rs 610

The bull case Indian Railway Catering & Tourism Corporation price target needs EPS growth of 18.0%, which lifts forward EPS to Rs 20.54, and a PE multiple that rises 15% to 29.69. That gives Rs 610, 32.9% above the current price and below the 52-week high of Rs 735.75.

Downside Risk Level Rs 360

The downside risk level is not a target. It assumes EPS stays flat at Rs 17.41 and the PE falls 20% to 20.66. That gives Rs 360, 21.6% below the current price and below the 52-week low of Rs 446.50.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	18.0%	29.69	Rs 610	+32.9%
Base Case	12.0%	25.82	Rs 503	+9.6%
Downside Risk	0.0%	20.66	Rs 360	-21.6%

Key Risks to the Indian Railway Catering & Tourism Corporation Target Price for 2027

Growth Slowdown Risk for the Indian Railway Catering & Tourism Corporation Price Target

Revenue in the June 2026 quarter was up 18.1% year on year, and FY26 revenue growth was 11.7%. If growth slows from here, the EPS estimate behind the Indian Railway Catering & Tourism Corporation stock target will need revising.

Liquidity and Size Risk

Indian Railway Catering & Tourism Corporation has a market capitalisation of Rs 35,956 crore. Institutional holding is 18.76%, and promoters hold 62.40%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.

Valuation and Margin Risk

Net margin was 25.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 25.82 versus an industry PE of 26.27, a de-rating toward the downside-risk PE of 20.66 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 37.6% below its 52-week high, with an RSI of 30.6 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term. That applies to any Indian Railway Catering & Tourism Corporation stock target, however carefully it is built.

How to Invest in Indian Railway Catering & Tourism Corporation

Start with the live price and volume. Any Indian Railway Catering & Tourism Corporation share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 458.95 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Indian Railway Catering & Tourism Corporation's PE, ROE, debt and shareholding in one place.

Check Indian Railway Catering & Tourism Corporation fundamentals on the Univest Screener

Then compare the three Indian Railway Catering & Tourism Corporation target price scenarios with your own view. If you expect EPS growth below 12.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Indian Railway Catering & Tourism Corporation live price and get daily stock recommendations.

Conclusion

The Indian Railway Catering & Tourism Corporation share price target for 2027 is Rs 503 in the base case, with Rs 610 as the bull case. The support for that view is arithmetic you can check: EPS grew 12.0% a year over FY24 to FY26, and the stock trades at a PE of 25.82. The risks are equally concrete, including a stock that sits 37.6% below its 52-week high and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Indian Railway Catering & Tourism Corporation Share Price Target 2027

What is the Indian Railway Catering & Tourism Corporation share price target for 2027?

Ans. The base-case Indian Railway Catering & Tourism Corporation share price target for 2027 is Rs 503, with Rs 610 as the bull case. The downside risk level, which is not a target, is Rs 360. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Indian Railway Catering & Tourism Corporation share price today?

Ans. As of 9 October 2026, 3:29 PM IST, Indian Railway Catering & Tourism Corporation trades at Rs 458.95, up 2.02% on the day. The 52-week range is Rs 446.50 to Rs 735.75.

Is Indian Railway Catering & Tourism Corporation a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 12.0% a year over FY24 to FY26, but the stock is 37.6% below its 52-week high. Whether Indian Railway Catering & Tourism Corporation fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Indian Railway Catering & Tourism Corporation shares?

Ans. The bull case target is Rs 610, which assumes 18.0% EPS growth and a PE of 29.69. The downside risk level is Rs 360, which assumes flat EPS and a PE of 20.66. It marks a risk, not a target.

What are the main risks to the Indian Railway Catering & Tourism Corporation price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 35,956 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Indian Railway Catering & Tourism Corporation and how does it compare with the industry?

Ans. The PE ratio of Indian Railway Catering & Tourism Corporation is 25.82 against an industry PE of 26.27. Price to book is 8.35 and return on equity is 32.34%. The base case in the Indian Railway Catering & Tourism Corporation price target holds this PE constant.

Who owns Indian Railway Catering & Tourism Corporation, and what is the promoter holding?

Ans. Promoters held 62.40% of Indian Railway Catering & Tourism Corporation in June 2026. FII held 3.90%, DII held 14.86% and the public held 18.84%.

What were Indian Railway Catering & Tourism Corporation's latest quarterly results?

Ans. In the June 2026 quarter, Indian Railway Catering & Tourism Corporation reported revenue of Rs 1,441 crore (up 18.1% year on year) and net profit of Rs 330.16 crore (down 0.2%).