Rategain Travel Technologies Ltd

Rategain Travel Technologies Ltd

₹ 819 -0.42%
21 Feb 12:47 p.m.
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 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]

  • Market Cap 9,642 Cr.
  • Current Price 819
  • High / Low 922 / 313
  • Stock P/E 74.6
  • Book Value 65.4
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 10.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -4.45%
  • Tax rate seems low
  • Company has a low return on equity of 3.31% over last 3 years.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
63 72 75 85 99 108 119 125 138 183 214 235 252
67 71 73 81 90 93 107 107 115 151 177 188 201
Operating Profit -4 1 2 4 9 15 12 18 23 32 38 46 51
OPM % -6% 1% 3% 5% 9% 14% 10% 14% 17% 18% 18% 20% 20%
3 7 6 3 1 6 8 7 1 5 6 4 11
Interest 2 2 1 1 2 1 0 0 0 0 0 0 0
Depreciation 9 9 7 7 8 8 8 8 8 11 11 10 10
Profit before tax -11 -3 -1 -1 0 12 11 16 15 26 32 39 52
Tax % 2% -97% -148% -38% 80% 6% 24% 17% 10% -31% 22% 24% 22%
-11 -6 -1 -2 0 12 8 13 13 34 25 30 40
EPS in Rs -170.08 -89.13 -21.07 -0.24 0.01 1.08 0.78 1.20 1.22 3.12 2.30 2.77 3.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
262 399 251 367 565 884
239 423 244 334 479 716
Operating Profit 23 -24 7 32 87 168
OPM % 9% -6% 3% 9% 15% 19%
11 59 13 16 20 25
Interest 4 10 9 7 3 1
Depreciation 20 43 36 30 36 42
Profit before tax 9 -18 -25 11 67 149
Tax % -16% -13% -16% 22% -2%
11 -20 -29 8 68 129
EPS in Rs 168.40 -306.87 -436.20 0.78 6.31 11.62
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 80%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 71%
TTM: 179%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 125%
Return on Equity
10 Years: %
5 Years: %
3 Years: 3%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 11 11 11
Reserves 142 137 244 608 699 760
Preference Capital 0 0 0 0 0
54 144 117 18 18 18
87 116 78 140 208 263
Total Liabilities 285 397 440 777 936 1,052
106 216 168 222 396 382
CWIP 0 0 0 0 1 0
Investments 41 45 129 165 140 128
138 136 143 390 399 543
Total Assets 285 397 440 777 936 1,052

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 19 21 17 52
-3 -111 -81 -276 16
-6 73 93 240 -2
Net Cash Flow 27 -19 33 -20 66

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 88 71 97 100 104
Inventory Days
Days Payable
Cash Conversion Cycle 88 71 97 100 104
Working Capital Days -3 -5 9 15 -1
ROCE % -4% -6% 3% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.58% 56.29% 55.91% 55.82% 55.79% 55.76% 55.76% 55.72% 51.27%
12.68% 9.18% 8.49% 7.34% 3.97% 4.05% 5.33% 5.42% 8.67%
8.16% 8.80% 8.14% 8.03% 14.22% 14.65% 17.78% 17.81% 18.77%
22.58% 25.73% 27.46% 28.81% 26.02% 25.54% 21.13% 21.06% 21.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
No. of Shareholders 86,68269,01868,79070,65268,00460,62563,38759,79569,427

* 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.

Click on the line-items to see the names of individual entities.

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