IRCTC : With the commencement of plant at Vijayawada, total production capacity of Rail Neer has increased to 18.40 lakh litres per day
IRCTC : With the commencement of plant at Vijayawada, total production capacity of Rail Neer has increased to 18.40 lakh litres per day
- Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Rail Neer Plant on PPP model at Vijayawada (Andhra Pradesh) has commenced commercial production of Rail Neer. The production capacity of this plant is 72,000 litres per day. The distribution of Rail Neer manufactured at Rail Neer Plant, Vishakhapatnam is likely to start in a phased manner to Railway Station at Vijaywada, Tenali, Guntur, Rajahmundry, Khammanm, Samalkot, Miriyaguda, Ongole, Warangal, Kazipet, Kachiguda, Secunderabad/Hyderabad, Nellore etc.
- With the commencement of plant at Vijayawada, total production capacity of Rail Neer has increased to 18.40 lakh litres per day.
Video: https://youtu.be/LK_RwnAc0vo?si=OGw7zb9TwSXbayWZ
In my 13 yrs of investing, i have seen many cases where stocks run up like a rocket for a limited time period and then creates fan base on social media. The retail investors get trap everytime
I rule I follow, is never buy when everybody is greedy !!!
This stock is great example !!!!
Valuation is 99% for me as a rule of investing and rest everything is 1% to me
- IRCTC stock has rallied ~500% since listing in Oct-2019 but down 50%
- Passengers travelled per month: 4 crore
- IRCTC is the only entity authorized by the Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India
- Operates one of the most transacted website www.irctc.co.in in the Asia-Pacific region
- IRCTC is one of the most transacted websites in Asia Pacific with a transaction volume of over 34.5mn per month and 6.27mn logins per day
- Dominant market share of c.80% in reserved Rail tickets
- EBIT Margin % : 79% - 85%
- Key brands providing meals include Domino’s, Subway, Haldiram’s, KFC ( pay IRCTC a 15% commission on order value )
- e-catering: 40,000 meals in a day
- For the year FY23 as a whole, the revenue which has been lifetime high for the IRCTC came to be INR3,541.5 crores and grew by 88.5% year-over-year.
- EBITDA margin came at 36% versus 46.4% year-over-year given the changes in revenue mix
- Life time high net profit before exceptional items also came. That is at INR978.7 crores versus INR663.6 crores from the last year
- Cash INR1,934 crores
- The services' convenience fee, which is contributing nearly 75% to profit
- " Our intention is to increase our revenue. They are more and more because -- and so not only to retain the Internet Ticketing, but to show us good growth by providing good services to the customer. "
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