Travel & Tourism – Manthan – Dissecting the valuation journey of IRCTC IN
Published on 18 Jul 2026
Manthan series allows us to speak our mind, unhindered. Sometimes we may choose to write on certain topics that may not have any conclusive outcome but could possibly activate the thinking cap of our readers. Today’s edition is somewhat along similar lines wherein we have tried to dissect the valuation journey of IRCTC IN.
The note covers reasons for valuation peaks and troughs made by the stock in past. As the business has now evolved with predictable growth characteristics like consumption, we have also benchmarked the financials & valuation profile of IRCTC IN with certain staple stocks. Read on to know why we have chosen staples as our benchmark universe and what is the conclusion of this exercise.
