TBO Tek Ltd
Established in 2006, Company operate an online B2B travel distribution platform that provides a wide range of offerings and connects Buyers and Suppliers.[1]
- Market Cap ₹ 19,615 Cr.
- Current Price ₹ 1,806
- High / Low ₹ 1,939 / 1,229
- Stock P/E 94.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 42.1 %
- ROE 46.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 46.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.9%
Cons
- Promoter holding has decreased over last quarter: -6.85%
- Company might be capitalizing the interest cost
- Company has high debtors of 867 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: Miscellaneous Industry: Travel Agencies
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 441 | 571 | 142 | 483 | 1,065 | 1,393 | |
| 395 | 484 | 163 | 451 | 876 | 1,135 | |
| Operating Profit | 46 | 87 | -21 | 32 | 189 | 258 |
| OPM % | 10% | 15% | -15% | 7% | 18% | 19% |
| -1 | 18 | 5 | 37 | 24 | 15 | |
| Interest | 6 | 5 | 2 | 7 | 14 | 11 |
| Depreciation | 5 | 12 | 11 | 16 | 25 | 36 |
| Profit before tax | 34 | 88 | -30 | 46 | 174 | 227 |
| Tax % | 23% | 17% | -16% | 27% | 15% | 12% |
| 26 | 73 | -34 | 34 | 148 | 201 | |
| EPS in Rs | 138.92 | 384.79 | -180.13 | 3.23 | 13.84 | 19.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 114% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 180% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 40% |
| Last Year: | 47% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 10 | 10 | 10 |
| Reserves | 159 | 238 | 202 | 221 | 330 | 534 |
| 21 | 17 | 8 | 63 | 71 | 210 | |
| 644 | 536 | 364 | 976 | 2,147 | 4,102 | |
| Total Liabilities | 826 | 793 | 576 | 1,271 | 2,558 | 4,857 |
| 44 | 35 | 23 | 92 | 136 | 363 | |
| CWIP | 0 | 4 | 9 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 |
| 782 | 755 | 545 | 1,179 | 2,422 | 4,493 | |
| Total Assets | 826 | 793 | 576 | 1,271 | 2,558 | 4,857 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 93 | -3 | 51 | 198 | 237 | 226 | |
| -39 | -6 | -28 | -27 | -85 | -157 | |
| -5 | -8 | -5 | -16 | -14 | 115 | |
| Net Cash Flow | 49 | -18 | 17 | 156 | 138 | 185 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 314 | 194 | 309 | 401 | 537 | 867 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 314 | 194 | 309 | 401 | 537 | 867 |
| Working Capital Days | -124 | -32 | -382 | -230 | -135 | -111 |
| ROCE % | 42% | 1% | 18% | 53% |
Documents
Announcements
- Closure of Trading Window 28 Jun
- Reply To Clarification Sought On Spurt In Volume Of Company'S Shares 25 Jun
-
Clarification sought from TBO TEK Ltd
25 Jun - Exchange has sought clarification from TBO TEK Ltd on June 25, 2024, with reference to Movement in Volume.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Jun - Transcript of Earnings Conference Call conducted on June 6, 2024.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Jun - Weblink of the audio recording of Earnings Conference call conducted today.
Concalls
-
Jun 2024Transcript PPT
Business Model[1]
Company operate an online B2B travel distribution platform. On platform Suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others can connect with buyers. Company received ~1.2 Cr number of booking in 9MFY24 compared to ~1.1 Cr number of booking in 9MFY23. Monthly transactions by buyers stood at 26,436 in 9MFY24 compared to 24,279 in 9MFY23.[2] Company has 6,998 listed supplier as on 9MFY24, compared to 4,673 as on 9MFY23 and 2,267 in FY21.[3].
Company's TBO platform connects over 159,000 Buyers across more than 100 countries with Suppliers, as of Dec'23. Company has 2 direct subsidiary and 14 indirect subsidiaries incorporated in geographies outside India.[4].
Company have 28 offices in India and eight offices internationally, as of Dec'23. Company do not own any of their offices and all of their offices, operate under a lease or leave and license agreements with promoter or promoter's company.[5].
Company's platform has two portals: TBO Holidays [6] is global travel distribution platform and Travel Boutique Online [7] is travel distribution platform for travel buyers based in India. [8]