Rategain Travel Technologies Ltd

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

Rategain Travel Technologies Ltd

₹ 691 -2.77%
01 Dec 3:09 p.m.
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 a leading global distribution technology company and 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 ₹ 8,162 Cr.
  • Current Price ₹ 691
  • High / Low ₹ 763 / 365
  • Stock P/E 38.9
  • Book Value ₹ 154
  • Dividend Yield 0.00 %
  • ROCE 17.3 %
  • ROE 13.3 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 62.3% CAGR over last 5 years

Cons

  • Stock is trading at 4.60 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 12.7% over last 3 years.
  • Earnings include an other income of Rs.83.0 Cr.
  • Promoter holding has decreased over last 3 years: -7.66%
  • Working capital days have increased from 140 days to 227 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

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

Part of BSE Information Technology BSE SmallCap BSE Allcap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
125 138 183 214 235 252 256 260 277 279 261 273 295
107 115 151 177 188 201 202 210 217 217 200 223 241
Operating Profit 18 23 32 38 46 51 54 50 60 61 61 50 54
OPM % 14% 17% 18% 18% 20% 20% 21% 19% 22% 22% 23% 18% 18%
7 1 5 6 4 11 21 18 17 20 20 21 22
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 8 8 11 11 10 10 10 9 9 8 8 9 9
Profit before tax 16 15 26 32 39 52 65 58 68 73 72 61 66
Tax % 17% 10% -31% 22% 24% 22% 24% 22% 24% 23% 24% 23% 22%
13 13 34 25 30 40 50 45 52 57 55 47 51
EPS in Rs 1.20 1.22 3.12 2.30 2.77 3.43 4.24 3.85 4.43 4.79 4.64 3.97 4.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
262 399 251 367 565 957 1,077 1,107
239 423 244 334 479 766 843 882
Operating Profit 23 -24 7 32 87 191 234 225
OPM % 9% -6% 3% 9% 15% 20% 22% 20%
11 59 13 16 20 42 76 83
Interest 4 10 9 7 3 3 3 1
Depreciation 20 43 36 30 36 41 35 35
Profit before tax 9 -18 -25 11 67 189 272 272
Tax % -16% 13% 16% 22% -2% 23% 23%
11 -20 -29 8 68 145 209 209
EPS in Rs 168.40 -306.87 -436.20 0.78 6.31 12.34 17.70 17.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 43%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 62%
3 Years: 212%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 32%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 13%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.65 0.65 0.66 11 11 12 12 12
Reserves 142 137 244 608 699 1,439 1,671 1,805
54 144 117 18 18 17 16 15
87 116 78 140 208 255 198 226
Total Liabilities 285 397 440 777 936 1,722 1,897 2,058
106 216 168 222 396 364 348 351
CWIP 0 0 0 0 1 2 0 0
Investments 41 45 129 165 140 179 319 332
138 136 143 390 399 1,177 1,230 1,374
Total Assets 285 397 440 777 936 1,722 1,897 2,058

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
36 19 21 17 52 152 120
-3 -111 -81 -276 16 -566 -38
-6 73 93 240 -2 581 -2
Net Cash Flow 27 -19 33 -20 66 168 80

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 88 71 97 100 104 78 72
Inventory Days
Days Payable
Cash Conversion Cycle 88 71 97 100 104 78 72
Working Capital Days -15 -14 -14 12 -4 198 227
ROCE % -4% -6% 3% 10% 17% 17%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
55.79% 55.76% 55.76% 55.72% 51.27% 51.25% 48.25% 48.22% 48.22% 48.17% 48.16% 48.16%
3.97% 4.05% 5.33% 5.42% 8.67% 10.49% 9.54% 10.21% 8.27% 7.60% 5.51% 5.49%
14.22% 14.65% 17.78% 17.81% 18.77% 17.31% 21.66% 20.56% 22.61% 23.00% 23.54% 21.58%
26.02% 25.54% 21.13% 21.06% 21.27% 20.89% 20.49% 20.96% 20.84% 21.16% 22.74% 24.71%
0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
No. of Shareholders 68,00460,62563,38759,79569,42771,33286,94090,10592,63990,46896,39090,199

* 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

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