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 ₹ 8,411 Cr.
- Current Price ₹ 714
- High / Low ₹ 922 / 352
- Stock P/E 65.1
- 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 10.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 101% |
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% |
Documents
Announcements
- 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
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 2 Apr
- Disclosure Of Communication Received From Promoter And Promoter Group Of The Company 28 Mar
Concalls
-
Feb 2024Transcript PPT REC
-
Nov 2023TranscriptNotesPPT REC
-
Oct 2023TranscriptNotesPPT
-
Oct 2023Transcript PPT
-
Oct 2023TranscriptPPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Jan 2023TranscriptNotesPPT
-
Jan 2023TranscriptNotesPPT
-
Nov 2022Transcript PPT
-
Sep 2022TranscriptPPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
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]