Rategain Travel Technologies Ltd
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]
- Market Cap ₹ 9,674 Cr.
- Current Price ₹ 820
- High / Low ₹ 922 / 621
- Stock P/E 183
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 6.13 %
- ROE 4.48 %
- Face Value ₹ 1.00
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 7.49 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Part of Nifty Microcap 250 BSE Information Technology BSE SmallCap BSE Allcap Nifty Total Market
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 | |
---|---|---|---|---|---|---|---|
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: | 23% |
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Nov
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Update on board meeting
29 Oct - Board meeting scheduled to approve financial results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Oct - Flight Centre adopts AirGain's pricing solution for competitive edge.
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Board Meeting Intimation for Intimation Of Board Meeting And Closure Of Trading Window
22 Oct - Board meeting scheduled to approve financial results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Oct - RateGain integrates Channel Manager with TCA PMS for Latin America.
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Nov 2022Transcript PPT
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Sep 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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]