Rategain Travel Technologies Ltd

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

₹ 679 -0.01%
13 Nov 10:46 a.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 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 ₹ 8,046 Cr.
  • Current Price ₹ 679
  • High / Low ₹ 1,053 / 437
  • Stock P/E 28.2
  • Book Value ₹ 187
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 11.9 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 54.9% CAGR over last 5 years
  • Company's working capital requirements have reduced from 147 days to 16.2 days

Cons

  • 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.
  • Promoter holding has decreased over last 3 years: -6.86%

* 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 Total Market BSE 1000 Nifty Smallcap 500 Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
235 252 256 260 277 279 261 273 295 540 716 785 745
188 201 202 210 217 217 200 223 241 453 569 613 592
Operating Profit 46 51 54 50 60 61 61 50 54 87 147 172 153
OPM % 20% 20% 21% 19% 22% 22% 23% 18% 18% 16% 21% 22% 21%
4 11 21 18 17 20 20 21 22 -18 3 3 -0
Interest 0 0 0 0 0 0 0 0 0 12 18 17 16
Depreciation 10 10 10 9 9 8 8 9 9 28 35 38 39
Profit before tax 39 52 65 58 68 73 72 61 66 29 96 121 97
Tax % 24% 22% 24% 22% 24% 23% 24% 23% 22% 9% 27% 21% 23%
30 40 50 45 52 57 55 47 51 26 70 95 75
EPS in Rs 2.77 3.43 4.24 3.85 4.43 4.79 4.64 3.97 4.32 2.24 5.92 8.01 6.30
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
262 399 251 367 565 957 1,077 1,824 2,786
239 423 244 334 479 766 843 1,478 2,227
Operating Profit 23 -24 7 32 87 191 234 345 559
OPM % 9% -6% 2.9% 9% 15% 20% 22% 19% 20%
11 59 13 16 20 42 76 27 -13
Interest 4 10 9 7 3 3 3 39 64
Depreciation 20 43 36 30 36 41 35 81 139
Profit before tax 9 -18 -25 11 67 189 272 252 343
Tax % -16% 13% 16% 22% -2% 23% 23% 23%
11 -20 -29 8 68 145 209 194 266
EPS in Rs 1.39 -2.54 -3.61 0.78 6.31 12.34 17.70 16.45 22.47
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 49%
3 Years: 48%
TTM: 152%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 48%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -2%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 13%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 0.65 0.74 0.66 11 11 12 12 12 12
Reserves 142 137 244 608 699 1,439 1,671 1,994 2,207
54 144 117 18 18 17 16 949 757
87 116 78 140 208 255 198 468 629
Total Liabilities 285 397 440 777 936 1,722 1,897 3,423 3,604
106 216 168 222 396 364 348 2,403 2,379
CWIP 0 0 0 0 1 2 0 0 0
Investments 41 45 129 165 140 179 319 25 7
138 136 143 390 399 1,177 1,230 996 1,218
Total Assets 285 397 440 777 936 1,722 1,897 3,423 3,604

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
36 19 21 17 52 152 120 234
-3 -111 -81 -276 16 -566 -38 -1,244
-6 73 93 240 -2 581 -2 836
Net Cash Flow 27 -19 33 -20 66 168 80 -174
Free Cash Flow 34 14 20 13 48 148 114 230
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 170% -94% 315% 63% 74% 88% 91% 83%

Ratios

Consolidated / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 88 71 97 100 104 78 72 94
Inventory Days
Days Payable
Cash Conversion Cycle 88 71 97 100 104 78 72 94
Working Capital Days -15 -14 -14 12 -4 198 228 16
ROCE % -4% -6% 3% 10% 17% 17% 14%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Employee Headcount
count

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Number of Customers
count
Employee Attrition
%
LTV to CAC
ratio
Revenue per Employee
INR Mn
New Contract Wins
INR Mn
Gross Revenue Retention (DaaS and Distribution)
%
Net Revenue Retention (DaaS and Distribution)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
51.27% 51.25% 48.25% 48.22% 48.22% 48.17% 48.16% 48.16% 48.55% 48.77% 48.78% 48.86%
8.67% 10.49% 9.54% 10.21% 8.27% 7.60% 5.51% 5.49% 4.97% 5.35% 5.75% 6.89%
18.77% 17.31% 21.66% 20.56% 22.61% 23.00% 23.54% 21.58% 20.62% 20.86% 20.86% 20.61%
21.27% 20.89% 20.49% 20.96% 20.84% 21.16% 22.74% 24.71% 25.80% 24.96% 24.53% 23.58%
0.03% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
No. of Shareholders 69,42771,33286,94090,10592,63990,46896,39090,19992,59992,90090,00494,157

* 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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