1. IRCTC (ROCE: 49.03% | CMP: ₹525.05)
IRCTC holds a strong position in the ROCE leaderboard within this peer set at 49.03%. India’s sole online rail ticketing platform is a capital-light monopoly that converts nearly every rupee reinvested into exceptional returns. Quarterly sales grew 18.36% YoY to ₹1,449.47 crore with a net profit of ₹394.49 crore, and it is also the highest dividend-yielding stock at 1.62%. A core, non-negotiable holding for any tourism-themed portfolio.
2. BLS International (ROCE: 33.62% | CMP: ₹240.25 | P/E: 15.29)
BLS International makes a powerful case for itself with two standout distinctions #1 in Y-o-Y quarterly sales growth at 43.6% and #2 in ROCE at 33.62%. In a competitive index populated by some of India’s most recognised consumer and travel brands, that is a remarkable double achievement and one that the company’s current index weight of 2.33% is yet to fully acknowledge.
3. EIH / Oberoi Hotels (ROCE: 23.43% | CMP: ₹316.65)
EIH commands a ROCE of 23.43%. The Oberoi brand’s pricing power insulates margins across economic cycles, and disciplined capital allocation keeps returns well above sector peers. Net profit stood at ₹254.75 crore, and while quarterly profit was broadly flat YoY, revenue grew 9.09%, a sign that its premium positioning shields it from demand volatility better than most. At 26.17x P/E it is sensibly valued for the brand premium it commands.
4. InterGlobe Aviation / IndiGo (ROCE: 17.34% | Index Weight: 39.00% | CMP: ₹4,183.80)
IndiGo carries the highest weight in the Nifty India Tourism Index at 39.00% Tickertape, and for good reason, it is the backbone of Indian aviation with 60%+ domestic market share and a market cap of ₹1.61 lakh crore. A ROCE of 17.34% is exceptional for a capital-intensive airline business where global peers routinely struggle to stay profitable.
5. Indian Hotels / Taj Hotels (ROCE: 17.21% | Index Weight: 21.07% | CMP: ₹607.80)
Indian Hotels holds a 21.07% weight in the Nifty India Tourism Index Tickertape, the second-largest constituent. With a ROCE of 17.21% and the highest absolute quarterly net profit (₹954.24 crore). Quarterly sales grew a healthy 12.2% YoY.
