Rategain Travel Technologies Ltd

Rategain Travel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rategain Travel Technologies Ltd

₹ 733 0.87%
30 Sep - close price
rategain.com BSE: 543417 NSE: RATEGAIN
About

RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.[1]

Key Points

Leading SaaS player in the Travel & Tourism Vertical
RateGain Travel Technologies is a leading global distribution technology company and the largest Software as a Service (SaaS) provider in India's travel and hospitality industry. It offers interconnected products that manage the revenue creation value chain, leveraging big-data capabilities and integration with other technology platforms. This helps hospitality and travel providers acquire more guests, enhance retention with personalized experiences, and maximize margins.[1][2]

Website BSE NSE
  • Market Cap ₹ 8,658 Cr.
  • Current Price ₹ 733
  • High / Low ₹ 922 / 547
  • Stock P/E 163
  • Book Value ₹ 110
  • Dividend Yield 0.00 %
  • ROCE 6.13 %
  • ROE 4.48 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.1% CAGR over last 5 years

Cons

  • Stock is trading at 6.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.00%
  • Company has a low return on equity of 2.36% over last 3 years.
  • Earnings include an other income of Rs.57.4 Cr.
  • Debtor days have increased from 79.6 to 117 days.
  • Working capital days have increased from 635 days to 1,200 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
17 18 19 19 25 27 30 32 38 39 47 49 49
24 23 24 25 26 28 29 39 37 41 37 42 46
Operating Profit -6 -5 -5 -6 -1 -2 1 -7 1 -2 9 7 4
OPM % -37% -28% -29% -30% -5% -6% 2% -21% 4% -5% 20% 14% 8%
9 7 6 8 6 5 4 6 6 9 14 18 16
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 0 1 1
Profit before tax 2 1 -1 1 3 3 4 -2 7 6 23 24 19
Tax % 29% 42% -13% 35% 33% 27% 21% -5% 26% 27% 26% 26% 24%
1 0 -0 1 2 2 3 -2 5 4 17 18 14
EPS in Rs 16.64 0.05 -0.04 0.07 0.21 0.18 0.30 -0.16 0.48 0.38 1.41 1.52 1.21
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
88 90 68 73 113 173 184
92 93 73 95 122 157 166
Operating Profit -5 -3 -5 -22 -8 16 18
OPM % -5% -3% -8% -30% -7% 9% 10%
19 15 17 30 22 48 57
Interest 0 1 1 1 2 1 1
Depreciation 3 5 5 4 3 3 3
Profit before tax 11 7 6 3 8 59 71
Tax % 6% 5% 35% 37% 31% 26%
10 6 4 2 6 44 53
EPS in Rs 158.17 96.79 62.58 0.17 0.53 3.72 4.52
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 37%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 175%
TTM: 513%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 11 11 12
Reserves 119 133 272 632 647 1,279
0 7 5 15 14 13
37 38 19 45 26 42
Total Liabilities 157 179 297 702 697 1,346
6 14 9 18 16 15
CWIP 0 0 0 0 1 2
Investments 110 123 214 360 336 527
41 43 74 324 344 802
Total Assets 157 179 297 702 697 1,346

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 7 5 18 -19 -6
1 -3 -103 -375 21 -523
0 -2 101 358 0 583
Net Cash Flow 0 2 3 1 2 54

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 48 99 55 67 117
Inventory Days
Days Payable
Cash Conversion Cycle 64 48 99 55 67 117
Working Capital Days -19 60 107 51 654 1,200
ROCE % 4% 2% 0% 1% 6%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
56.58% 56.29% 55.91% 55.82% 55.79% 55.76% 55.76% 55.72% 51.27% 51.25% 48.25%
12.68% 9.18% 8.49% 7.34% 3.97% 4.05% 5.33% 5.42% 8.67% 10.49% 9.54%
8.16% 8.80% 8.14% 8.03% 14.22% 14.65% 17.78% 17.81% 18.77% 17.31% 21.66%
22.58% 25.73% 27.46% 28.81% 26.02% 25.54% 21.13% 21.06% 21.27% 20.89% 20.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.06%
No. of Shareholders 86,68269,01868,79070,65268,00460,62563,38759,79569,42771,33286,940

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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DRHP

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