Rategain Travel Technologies Ltd

Rategain Travel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rategain Travel Technologies Ltd

₹ 746 2.41%
29 May - close price
rategain.com BSE: 543417 NSE: RATEGAIN
About

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]

Key Points

Leading SaaS player in the Travel & Tourism Vertical
RateGain Travel Technologies is 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]

Website BSE NSE
  • Market Cap ₹ 8,820 Cr.
  • Current Price ₹ 746
  • High / Low ₹ 767 / 417
  • Stock P/E 164
  • Book Value ₹ 121
  • Dividend Yield 0.00 %
  • ROCE 5.24 %
  • ROE 3.84 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 91.5% CAGR over last 5 years
  • Company's working capital requirements have reduced from 837 days to 145 days

Cons

  • Stock is trading at 6.18 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 4.55% over last 3 years.
  • Earnings include an other income of Rs.39.6 Cr.
  • Company has high debtors of 154 days.
  • Promoter holding has decreased over last 3 years: -6.99%

* 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

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE Information Technology Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
32 38 39 47 49 49 49 53 58 59 64 63 64
39 37 41 37 42 46 45 45 40 52 54 55 53
Operating Profit -7 1 -2 9 7 4 4 8 18 7 9 8 11
OPM % -21% 4% -5% 20% 14% 8% 8% 15% 31% 11% 14% 12% 17%
6 6 9 14 18 16 16 18 19 19 19 -4 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 0 1 1 1 1 1 1 1 1 1
Profit before tax -2 7 6 23 24 19 19 25 35 24 27 2 15
Tax % -5% 26% 27% 26% 26% 24% 28% 29% 25% 25% 25% 83% 23%
-2 5 4 17 18 14 13 18 27 18 20 0 12
EPS in Rs -0.16 0.48 0.38 1.41 1.52 1.21 1.14 1.51 2.26 1.53 1.72 0.02 0.99
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
88 90 68 73 113 173 210 249
92 93 73 95 122 157 176 215
Operating Profit -5 -3 -5 -22 -8 16 34 34
OPM % -5% -3% -8% -30% -7% 9% 16% 14%
19 15 17 30 22 48 69 40
Interest 0 1 1 1 2 1 1 1
Depreciation 3 5 5 4 3 3 4 5
Profit before tax 11 7 6 3 8 59 98 68
Tax % 6% 5% 35% 37% 31% 26% 26% 26%
10 6 4 2 6 44 72 50
EPS in Rs 158.17 96.79 62.58 0.17 0.53 3.72 6.11 4.26
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 30%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 91%
3 Years: 121%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 25%
1 Year: 68%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.66 0.66 0.66 11 11 12 12 12
Reserves 119 133 272 632 647 1,279 1,360 1,415
0 7 5 15 14 13 12 10
37 38 19 45 26 42 38 66
Total Liabilities 157 179 297 702 697 1,346 1,422 1,503
6 14 9 18 16 15 18 16
CWIP 0 0 0 0 1 2 0 0
Investments 110 123 214 360 336 527 667 1,343
41 43 74 324 344 802 737 144
Total Assets 157 179 297 702 697 1,346 1,422 1,503

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-1 7 5 18 -19 -6 -0 8
1 -3 -103 -375 21 -523 -42 -19
0 -2 101 358 0 583 -0 -2
Net Cash Flow 0 2 3 1 2 54 -43 -13
Free Cash Flow -3 3 5 17 -22 -8 -6 5
CFO/OP -12% -301% -95% -93% 200% 45% 74% 70%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 64 48 99 55 67 117 123 154
Inventory Days
Days Payable
Cash Conversion Cycle 64 48 99 55 67 117 123 154
Working Capital Days -19 50 93 40 647 1,198 1,169 145
ROCE % 4% 2% 0% 1% 6% 7% 5%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross Revenue Retention (GRR)
%

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Number of Customers
Count
LTV to CAC Ratio
x
Employee Headcount
Count
Net Revenue Retention (NRR)
%
New Contract Wins
INR Mn
Revenue per Employee
INR Mn
Total Sales Pipeline
INR Mn

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.76% 55.72% 51.27% 51.25% 48.25% 48.22% 48.22% 48.17% 48.16% 48.16% 48.55% 48.77%
5.33% 5.42% 8.67% 10.49% 9.54% 10.21% 8.27% 7.60% 5.51% 5.49% 4.97% 5.35%
17.78% 17.81% 18.77% 17.31% 21.66% 20.56% 22.61% 23.00% 23.54% 21.58% 20.62% 20.86%
21.13% 21.06% 21.27% 20.89% 20.49% 20.96% 20.84% 21.16% 22.74% 24.71% 25.80% 24.96%
0.00% 0.00% 0.03% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
No. of Shareholders 63,38759,79569,42771,33286,94090,10592,63990,46896,39090,19992,59992,900

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Concalls