Travels & Rentals Ltd
₹ 20.0
4.94%
06 Jan
- close price
About
Incorporated in 1996, Travels & Rentals
Ltd offers Air, Hotel, Car, and other related services[1]
Key Points
- Market Cap ₹ 22.4 Cr.
- Current Price ₹ 20.0
- High / Low ₹ 95.3 / 19.0
- Stock P/E 7.35
- Book Value ₹ 26.6
- Dividend Yield 0.00 %
- ROCE 24.1 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.75 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 966 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 536 days to 921 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 2.00 | 2.85 | 5.67 | 7.53 | 11.45 | 10.92 | |
| 1.07 | 1.27 | 3.29 | 3.18 | 3.84 | 3.69 | |
| Operating Profit | 0.93 | 1.58 | 2.38 | 4.35 | 7.61 | 7.23 |
| OPM % | 46.50% | 55.44% | 41.98% | 57.77% | 66.46% | 66.21% |
| 0.00 | 0.05 | 0.12 | 0.51 | 0.60 | 0.58 | |
| Interest | 0.86 | 0.67 | 0.29 | 0.61 | 3.78 | 3.63 |
| Depreciation | 0.07 | 0.05 | 0.07 | 0.06 | 0.06 | 0.07 |
| Profit before tax | 0.00 | 0.91 | 2.14 | 4.19 | 4.37 | 4.11 |
| Tax % | 23.08% | 29.44% | 29.36% | 26.32% | ||
| 0.04 | 0.69 | 1.51 | 2.97 | 3.22 | 3.04 | |
| EPS in Rs | 2.27 | 39.16 | 7.51 | 3.65 | 2.87 | 2.71 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 67% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -79% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.76 | 1.76 | 2.01 | 8.14 | 11.20 | 11.20 |
| Reserves | 2.46 | 3.15 | 5.40 | 6.64 | 17.04 | 18.60 |
| 8.31 | 7.56 | 5.61 | 4.71 | 19.81 | 18.99 | |
| 0.27 | 0.87 | 3.45 | 5.21 | 4.56 | 5.36 | |
| Total Liabilities | 12.80 | 13.34 | 16.47 | 24.70 | 52.61 | 54.15 |
| 0.53 | 0.48 | 0.41 | 0.36 | 0.32 | 0.29 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.70 | 0.70 | 0.59 | 0.59 | 0.59 | 0.59 |
| 11.57 | 12.16 | 15.47 | 23.75 | 51.70 | 53.27 | |
| Total Assets | 12.80 | 13.34 | 16.47 | 24.70 | 52.61 | 54.15 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 0.10 | 1.70 | 3.02 | -3.50 | -21.47 | |
| -0.05 | -0.15 | 0.14 | 0.67 | 0.50 | |
| -0.04 | -1.51 | -3.16 | 2.90 | 21.56 | |
| Net Cash Flow | 0.01 | 0.04 | 0.00 | 0.07 | 0.59 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 994.62 | 767.14 | 563.92 | 652.44 | 966.21 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 994.62 | 767.14 | 563.92 | 652.44 | 966.21 |
| Working Capital Days | 1,115.08 | 672.37 | 251.70 | 436.74 | 920.95 |
| ROCE % | 12.64% | 19.07% | 29.53% | 24.13% |
Documents
Announcements
-
Non-Disclosure Of Reasons For Delay In Submission Of Financial Results For The Period Ended September 30, 2025
11 Dec - Explained one-week delay in Sep 30, 2025 financials; results filed Nov 22, 2025.
-
Intimation Regarding Postponement And Rescheduling Of The Board Meeting Of Travels & Rentals Limited
4 Dec 2025 - Board meeting to approve rights issue postponed; will occur within one working day after exchange approval.
-
Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
1 Dec 2025 - Board meeting Dec 4 to finalise ₹1,700 lakh rights issue (price, ratio, record date).
-
Board Meeting Outcome for Outcome Of The Board Meeting Held Today I.E. Thursday, November 27, 2025 Pursuant To Regulation
30 Of The SEBI (LODR) Regulations, 2015.
27 Nov 2025 - Board approved rights issue up to ₹1,700 Lakhs for equity shares of ₹10 each on 27-Nov-2025.
-
Board Meeting Intimation for Considering The Proposal Of Fund Raising By Way Of Equity Shares Or Other Securities Of The Company Through A Rights Issue And/Or Any Other Permissible Mode.
24 Nov 2025 - Board meeting on Nov 27, 2025 to consider rights issue or other securities; trading window closed.
Business Overview:[1][2]
TRL started as a Business Travel Agency with a focus on Air, Hotel, Car, and other related services for B2B clients initially through its back office and later on through websites and call center sales. Over time, it has expanded its channels of sales to International Companies and small travel agents (B2B2C). It also started services and products such as after sales servicing, VIP services, Emergency Help Desk etc.
Currently, the company operates primarily in the travel and rental services' domain, offering corporate travel solutions and individual leisure and personalized travel services. It has also diversified into value-added services, which includes curated experiences, hospitality tie-ups, and digital booking solutions