Travels & Rentals Ltd
₹ 15.8
5.00%
02 Apr
- close price
About
Incorporated in 1996, Travels & Rentals
Ltd offers Air, Hotel, Car, and other related services[1]
Key Points
- Market Cap ₹ 33.6 Cr.
- Current Price ₹ 15.8
- High / Low ₹ 55.5 / 14.5
- Stock P/E 11.1
- Book Value ₹ 13.3
- Dividend Yield 0.00 %
- ROCE 24.1 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.18 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 | 1.00 | 17.25 | 3.78 | 1.82 | 1.44 | 1.36 |
| 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: | -68% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 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 |
| Free Cash Flow | 0.08 | 1.70 | 3.02 | -3.50 | -21.49 |
| CFO/OP | 11% | 108% | 127% | -80% | -282% |
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% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Earnings in Foreign Currency ₹ in Lacs |
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| Number of Permanent Employees Number |
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| Revenue from Air Ticket (Domestic & International) ₹ in Lacs |
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| Revenue from Hotel Packages & Ancillary Services ₹ in Lacs |
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| Software Maintenance Expenses ₹ in Lacs |
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Documents
Announcements
-
Intimation Of Appointment Of Secretarial Auditor Of The Company Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
31 Mar - Board appointed M/s Krishna Kanta & Associates as Internal Auditor for FY 2025-26; appointment dated 31 March 2026.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 Mar
- Closure of Trading Window 23 Mar
-
Disclosure As Per Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015.
23 Mar - 23-Mar-2026: Company submitted Reg 7(2) PIT disclosure of insider purchase/sale of equity shares.
-
Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
23 Mar - Promoters Devendra and Varuna Parekh acquired 16,83,000 and 11,88,000 shares via Rights Issue on March 9, 2026.
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