Rategain Travel Technologies Ltd

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

Rategain Travel Technologies Ltd

₹ 712 -0.55%
13 Dec - close price
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 ₹ 8,399 Cr.
  • Current Price ₹ 712
  • High / Low ₹ 922 / 621
  • Stock P/E 44.7
  • Book Value ₹ 132
  • Dividend Yield 0.00 %
  • ROCE 17.4 %
  • ROE 13.4 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 75.2% CAGR over last 5 years

Cons

  • Stock is trading at 5.39 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 10.1% over last 3 years.
  • Working capital days have increased from 70.7 days to 199 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

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
85 99 108 119 125 138 183 214 235 252 256 260 277
81 90 93 107 107 115 151 177 188 201 202 210 217
Operating Profit 4 9 15 12 18 23 32 38 46 51 54 50 60
OPM % 5% 9% 14% 10% 14% 17% 18% 18% 20% 20% 21% 19% 22%
3 1 6 8 7 1 5 6 4 11 21 18 17
Interest 1 2 1 0 0 0 0 0 0 0 0 0 0
Depreciation 7 8 8 8 8 8 11 11 10 10 10 9 9
Profit before tax -1 0 12 11 16 15 26 32 39 52 65 58 68
Tax % 38% 80% 6% 24% 17% 10% -31% 22% 24% 22% 24% 22% 24%
-2 0 12 8 13 13 34 25 30 40 50 45 52
EPS in Rs -0.24 0.01 1.08 0.78 1.20 1.22 3.12 2.30 2.77 3.43 4.24 3.85 4.43
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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 TTM
262 399 251 367 565 957 1,045
239 423 244 334 479 766 830
Operating Profit 23 -24 7 32 87 191 216
OPM % 9% -6% 3% 9% 15% 20% 21%
11 59 13 16 20 42 68
Interest 4 10 9 7 3 3 1
Depreciation 20 43 36 30 36 41 37
Profit before tax 9 -18 -25 11 67 189 244
Tax % -16% 13% 16% 22% -2% 23%
11 -20 -29 8 68 145 188
EPS in Rs 168.40 -306.87 -436.20 0.78 6.31 12.34 15.95
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 56%
TTM: 36%
Compounded Profit Growth
10 Years: %
5 Years: 75%
3 Years: 87%
TTM: 84%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 2%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 10%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.65 0.65 0.66 11 11 12 12
Reserves 142 137 244 608 699 1,439 1,546
54 144 117 18 18 17 17
87 116 78 140 208 255 248
Total Liabilities 285 397 440 777 936 1,722 1,823
106 216 168 222 396 364 356
CWIP 0 0 0 0 1 2 0
Investments 41 45 129 165 140 179 242
138 136 143 390 399 1,177 1,225
Total Assets 285 397 440 777 936 1,722 1,823

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 88 71 97 100 104 78
Inventory Days
Days Payable
Cash Conversion Cycle 88 71 97 100 104 78
Working Capital Days -3 -5 9 15 -2 199
ROCE % -4% -6% 3% 10% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.58% 56.29% 55.91% 55.82% 55.79% 55.76% 55.76% 55.72% 51.27% 51.25% 48.25% 48.22%
12.68% 9.18% 8.49% 7.34% 3.97% 4.05% 5.33% 5.42% 8.67% 10.49% 9.54% 10.21%
8.16% 8.80% 8.14% 8.03% 14.22% 14.65% 17.78% 17.81% 18.77% 17.31% 21.66% 20.56%
22.58% 25.73% 27.46% 28.81% 26.02% 25.54% 21.13% 21.06% 21.27% 20.89% 20.49% 20.96%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.06% 0.06%
No. of Shareholders 86,68269,01868,79070,65268,00460,62563,38759,79569,42771,33286,94090,105

* 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

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DRHP

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