Indian Railway Catering And Tourism Corp Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Indian Railway Catering And Tourism's Operating Margin % or its related term are showing as below:
NSE:IRCTC'
s Operating Margin % Range Over the Past 10 Years
Min: 17.13 Med: 30.25 Max: 45.11
Current: 30.99
NSE:IRCTC's Operating Margin % is ranked better than 93.13% of 844
companies
in the Travel & Leisure industry
Industry Median: 8.135
vs NSE:IRCTC: 30.99
Indian Railway Catering And Tourism (NSE:IRCTC) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Indian Railway Catering And Tourism Operating Margin % Related Terms
Indian Railway Catering And Tourism Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Indian Railway Catering And Tourism Operating Margin % Chart
NSE:IRCTC vs BKNG, ABNB, RCL: Operating Margin % Comparison
For the Travel Services subindustry, Indian Railway Catering And Tourism's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indian Railway Catering And Tourism Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Indian Railway Catering And Tourism's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Indian Railway Catering And Tourism's Operating Margin % falls into.
Indian Railway Catering And Tourism Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Indian Railway Catering And Tourism (NSE:IRCTC) has a Operating Margin % of 26.37% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Indian Railway Catering And Tourism and its competitors. This is 13% below median its historical median of 30.25. Over the past decade, Indian Railway Catering And Tourism's Operating Margin % has ranged from 17.13 to 45.11. According to the industry distribution chart, Indian Railway Catering And Tourism ranks #58 out of 844 companies in the Travel & Leisure industry, placing it in the top 6.9%.
Is Indian Railway Catering And Tourism's Operating Margin % too high?
Indian Railway Catering And Tourism's current Operating Margin % of 26.37% is 13% below median its 10-year median of 30.25. Over the past 10 years, this metric has ranged from a low of 17.13 to a high of 45.11. The Travel & Leisure industry median Operating Margin % is 8.14. Indian Railway Catering And Tourism's value of 26.37% is 224.2% above this industry median. Based on the distribution chart, Indian Railway Catering And Tourism ranks #58 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Railway Catering And Tourism has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Railway Catering And Tourism's Operating Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Indian Railway Catering And Tourism ranks #58 out of 844 companies for Operating Margin %. This places Indian Railway Catering And Tourism in the top 7% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.14. Indian Railway Catering And Tourism's value of 26.37% is 224.2% above this benchmark. Historically, Indian Railway Catering And Tourism's own Operating Margin % has ranged from 17.13 to 45.11 over the past decade. While the company's 10-year median is 30.25 vs. the industry median of 8.14, Indian Railway Catering And Tourism has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.14, based on 844 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Railway Catering And Tourism's current Operating Margin % of 26.37% is 224.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Indian Railway Catering And Tourism and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Railway Catering And Tourism's current Operating Margin % is 26.37%, which is 13% below median its own 10-year median of 30.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Railway Catering And Tourism stock overvalued right now?
Based on GuruFocus' analysis, Indian Railway Catering And Tourism (NSE:IRCTC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹947.15, compared to a current price of ₹514.10 — trading 45.7% below its estimated fair value. The current Operating Margin % is 26.37%, which is 13% below median its 10-year median of 30.25 and 224.2% above the Travel & Leisure industry median of 8.14. Indian Railway Catering And Tourism's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Indian Railway Catering And Tourism (NSE:IRCTC), the current Operating Margin % is 26.37% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indian Railway Catering And Tourism (NSE:IRCTC) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Railway Catering And Tourism stock appears to be undervalued.
The current stock price of ₹514.10 is trading 45.7% below its estimated GF Value™ of ₹947.15.
GuruFocus considers Indian Railway Catering And Tourism to be Significantly Undervalued.
Key valuation signals for NSE:IRCTC:
Operating Margin %: 26.37% (13% below median its 10-year median of 30.25)
GF Value™: ₹947.15 vs. price of ₹514.10 (45.7% below fair value)
Industry Position: 224.2% above the Travel & Leisure median (#58 of 844)
No single metric tells the full story. See the NSE:IRCTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Railway Catering And Tourism Business Description
Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations, and to promote domestic and international tourism through the development of budget hotels, special tour packages, information, and commercial publicity and world-wide reservation systems. The company's segments are Catering, Rail Neer, Internet Ticketing, and Tourism & Train Operation. A vast majority of its revenues are derived from the Catering business.
91GF Score
Get the complete analysis for NSE:IRCTC
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:IRCTC has been successfully added to your 
