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 ₹ 7,879 Cr.
- Current Price ₹ 669
- High / Low ₹ 922 / 370
- Stock P/E 325
- Book Value ₹ 56.9
- Dividend Yield 0.00 %
- ROCE 1.39 %
- ROE 0.77 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 11.8 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 0.57% over last 3 years.
- Earnings include an other income of Rs.35.4 Cr.
- Working capital days have increased from 272 days to 658 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
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 | TTM | |
---|---|---|---|---|---|---|
88 | 90 | 68 | 73 | 113 | 156 | |
92 | 93 | 73 | 95 | 122 | 154 | |
Operating Profit | -5 | -3 | -5 | -22 | -8 | 2 |
OPM % | -5% | -3% | -8% | -30% | -7% | 1% |
19 | 15 | 17 | 30 | 22 | 35 | |
Interest | 0 | 1 | 1 | 1 | 2 | 1 |
Depreciation | 3 | 5 | 5 | 4 | 3 | 3 |
Profit before tax | 11 | 7 | 6 | 3 | 8 | 33 |
Tax % | 6% | 5% | 35% | 37% | 31% | |
10 | 6 | 4 | 2 | 6 | 24 | |
EPS in Rs | 158.17 | 96.79 | 62.58 | 0.17 | 0.53 | 2.11 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
TTM: | 55% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | 10% |
TTM: | 197% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 1% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 11 | 11 | 11 |
Reserves | 119 | 133 | 272 | 632 | 647 | 659 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | |
0 | 7 | 5 | 15 | 14 | 14 | |
37 | 38 | 19 | 45 | 26 | 22 | |
Total Liabilities | 157 | 179 | 297 | 702 | 697 | 705 |
6 | 14 | 9 | 18 | 16 | 17 | |
CWIP | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 110 | 123 | 214 | 360 | 336 | 324 |
41 | 43 | 74 | 324 | 344 | 364 | |
Total Assets | 157 | 179 | 297 | 702 | 697 | 705 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
-1 | 7 | 5 | 18 | -19 | |
1 | -3 | -103 | -375 | 21 | |
0 | -2 | 101 | 358 | 0 | |
Net Cash Flow | 0 | 2 | 3 | 1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 64 | 48 | 99 | 55 | 67 |
Inventory Days | |||||
Days Payable | |||||
Cash Conversion Cycle | 64 | 48 | 99 | 55 | 67 |
Working Capital Days | -19 | 60 | 107 | 51 | 658 |
ROCE % | 4% | 2% | 0% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Earnings Conference Call on Financial and Operational performance for the Fourth Quarter and year ended March 31, 2024
- Board Meeting Intimation for Intimation Of Board Meeting And Closure Of Trading Window 2 May
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 18 Apr
- Intimation Of Grant Of SAR Units Pursuant To 'Rategain - Stock Appreciation Rights (SAR) Scheme - 2022' 17 Apr
- Compliance Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 13 Apr
Concalls
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Feb 2024Transcript PPT REC
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Nov 2023TranscriptNotesPPT 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 one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. [1] [2] It offers a suite of interconnected products that manage the revenue creation value chain for its customers by leveraging its big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire more guests, retain them via personalized guest experiences and seek to maximize their margins. [3]