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Balance sheet of IRCTC is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of IRCTC is increasing.
Latest debt of IRCTC is -₹2,420.58 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹4,555.21 Crs.
Yes, profit is increasing.
The profit of IRCTC is ₹1,241 Crs for TTM, ₹1,111 Crs for Mar 2024 and ₹1,006 Crs for Mar 2023.
The company seems to pay a good stable dividend.
IRCTC latest dividend payout ratio is 46.8% and 3yr average dividend payout ratio is 44.33%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress