Indian Railways started its functioning during British rule. In fact, Indian Railways is the fourth most extensive rail network in the world which spreads over 1,26,366 km. It connects different geographies and thus proves quite crucial for not only citizens but for businesses, too.
With that, there are many listed Indian railway stocks that are worth considering if you are planning for online investing in share market.
Let’s go through the top 5 Indian Railway stocks to invest in 2023.
1. Indian Railway Catering & Tourism Corporation (IRCTC)
IRCTC is a Public Sector company and runs under the Ministry of Railways. It provides online ticket booking, hospitality, and catering services for Indian Railways. It also provides services of luxury tourist trains, tourism packages, and hotel bookings.
The company’s net profit for FY23 is 1005 crores and that of FY22 is 663 crores. In addition to this IRCTC’s TTM EPS is 12.41.
- IRCTC Share Price as of Dec 2023: ₹780+
- Market Cap: ₹63,256 Cr
2. Indian Railway Finance Corporation (IRFC)
IRFC is a financing arm of Indian Railways. It was founded with the primary purpose of raising funds to finance various railway projects to minimize borrowing costs. It is involved in the financial leasing of rolling stocks like coaches, wagons, containers, etc.
The company’s net profit for FY23 is 6337 crores and that of FY22 is 6089 crores. In addition to this IRFC’s TTM EPS is 4.77.
- IRFC Share Price as of Dec 2023: ₹90+
- Market Cap: ₹1,21,067 Cr
3. Rail Vikas Nigam
Rail Vikas Nigam is engaged in the implementation of infrastructure projects of the Railway Ministry of India. These projects include the building of bridges, installation of railroad tracks, railway electrification, metro rail projects, etc. The company takes care of the complete project development cycle.
The company’s net profit for FY23 is 1261 crores and that of FY 22 is 1079 crores. In addition to this, its TTM EPS is 7.03.
- Rail Vikas Nigam Share Price as of Dec 2023: ₹180+
- Market Cap: ₹37,905 Cr
4. BEML
BEML is a PSU company engaged in the manufacturing of mining equipment, construction equipment, defense products, and railway rolling stock. It is engaged in producing a wide range of rolling stock like wagons, coaches, and locomotives for Railways. BEML has its headquarters in Bengaluru.
The company’s net profit for FY23 is 157 crores and that of FY 22 is 128 crores. In addition to this BEML’s TTM EPS is 39.68.
- BEML Share Price as of Dec 2023: ₹2580+
- Market Cap: ₹10,686.50 Cr
5. Container Corporation of India (CONCOR)
CONCOR is majorly taking care of rail and road transportation of containers. In addition to this, the company is also involved in managing logistics facilities such as container freight stations, private freight terminals, and dry ports.
The company’s net profit for FY23 is 1152 crores and that of FY 22 is 1028 crores. In addition to this CONCOR’s TTM EPS is 18.42.
- CONCOR Share Price as of Dec 2023: ₹708+
- Market Cap: ₹53,371.10 Cr
Conclusion
Railways play a major role in the Indian economy. Railways stocks can be good for diversification and long-term investment. If you are into online investing in share market then you can think of investing in railway stocks on Dhan, a leading investment platform.
