Le Travenues Technology Ltd
Founded in 2006, Le Travenues Technology Limited is an online travel agency (OTA) that allows travelers to book train, flight, and bus tickets and hotels, through its "ixigo" platform.[1]
- Market Cap ₹ 5,542 Cr.
- Current Price ₹ 143
- High / Low ₹ 198 / 132
- Stock P/E 78.4
- Book Value ₹ 14.8
- Dividend Yield 0.00 %
- ROCE 9.01 %
- ROE 12.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 25.4% CAGR over last 5 years
Cons
- Stock is trading at 9.65 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 4.74% over last 3 years.
* 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: E-Commerce/App based Aggregator Industry: Travel Agencies
Part of BSE SmallCap BSE IPO BSE Allcap BSE Consumer Discretionary Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 109 | 152 | 121 | 253 | 501 | 653 | 724 | |
| 151 | 159 | 118 | 285 | 472 | 607 | 656 | |
| Operating Profit | -42 | -7 | 3 | -31 | 29 | 45 | 68 |
| OPM % | -38% | -4% | 2% | -12% | 6% | 7% | 9% |
| 5 | 1 | 3 | 6 | 4 | 9 | 11 | |
| Interest | 0 | 0 | 2 | 3 | 1 | 2 | 2 |
| Depreciation | 3 | 1 | 1 | 5 | 10 | 11 | 10 |
| Profit before tax | -40 | -8 | 2 | -33 | 21 | 42 | 66 |
| Tax % | 0% | 0% | -233% | -2% | -13% | -29% | |
| -40 | -8 | 8 | -32 | 24 | 54 | 70 | |
| EPS in Rs | -916.51 | -174.82 | 175.75 | -0.87 | 0.65 | 1.45 | 1.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 75% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 89% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.04 | 0.04 | 0.04 | 37 | 37 | 37 | 39 |
| Reserves | 14 | 7 | 20 | 336 | 338 | 391 | 536 |
| 3 | 0 | 15 | 7 | 7 | 46 | 12 | |
| 36 | 74 | 63 | 92 | 186 | 138 | 184 | |
| Total Liabilities | 54 | 81 | 98 | 473 | 568 | 612 | 770 |
| 2 | 1 | 4 | 196 | 277 | 271 | 271 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Investments | 6 | 10 | 27 | 102 | 64 | 68 | 141 |
| 47 | 70 | 68 | 174 | 225 | 272 | 358 | |
| Total Assets | 54 | 81 | 98 | 473 | 568 | 612 | 770 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -44 | 32 | -15 | -40 | 41 | 39 | |
| 49 | -5 | -17 | -216 | 8 | -39 | |
| 0 | -3 | 14 | 258 | -2 | -44 | |
| Net Cash Flow | 6 | 24 | -18 | 3 | 47 | -45 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 78 | 56 | 80 | 12 | 9 | 15 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 78 | 56 | 80 | 12 | 9 | 15 |
| Working Capital Days | -2 | -79 | -78 | -32 | -36 | 1 |
| ROCE % | -58% | 16% | -15% | 8% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Schedule of Analysts / Investors Meetings
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Schedule of Analysts / Investors Meetings
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Schedule of Analysts / Investors Meetings
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Nov - Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Schedule of Analyst / Investor Meeting
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Outcome Of Analysts / Investors Meetings
18 Nov - Outcome of analysts/investors meetings held by the company.
Concalls
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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Jul 2024Transcript PPT
Leading Online Travel Agency[1][2]
Ixigo is the leading OTA for the ‘next billion users,’ with the highest monthly active users among all key OTAs as of September 30, 2023. It was the 2nd largest OTA in India by consolidated revenue in Fiscal 2023.