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IRCTC
has expanded it's business by launching an E-Pantry service that enables online meal booking for passengers travelling on 25 Mail and Express trains. The initiative marks a significant push towards digitised onboard catering across the Indian Railways network and is aimed at improving convenience for passengers travelling on trains where meals are not included in the ticket fare. The service allows travellers to pre-book meals digitally and have them delivered directly to their seats during the journey.
Having a strong ROCE and ROE of 49% and 37% respectively, the company has delivered good profit growth of 20% CAGR over last 3 years and has also been maintaining a healthy dividend payout of 46%. With such new initiatives, the company's revenue and profits are expected to grow in the coming years.#StockInNews#WatchOutFor#MacroViews#TrendingSectors#FundamentalViews
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