TBO Tek Ltd
Incorporated in 2006, TBO Tek Ltd is in the business of operating multiple online technology platforms and providing access to book global travel inventory aggregated through travel suppliers like airlines, hotels, etc.[1]
- Market Cap ₹ 15,370 Cr.
- Current Price ₹ 1,415
- High / Low ₹ 2,001 / 986
- Stock P/E 71.8
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 26.7 %
- ROE 24.6 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 24.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.0%
Cons
- Stock is trading at 12.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 853 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 343 | 441 | 571 | 142 | 483 | 1,065 | 1,393 | 1,737 | |
| 292 | 395 | 484 | 163 | 451 | 876 | 1,126 | 1,453 | |
| Operating Profit | 51 | 46 | 87 | -21 | 32 | 189 | 267 | 285 |
| OPM % | 15% | 10% | 15% | -15% | 7% | 18% | 19% | 16% |
| 9 | -1 | 18 | 5 | 37 | 24 | 15 | 75 | |
| Interest | 5 | 6 | 5 | 2 | 7 | 14 | 19 | 33 |
| Depreciation | 1 | 5 | 12 | 11 | 16 | 25 | 36 | 52 |
| Profit before tax | 53 | 34 | 88 | -30 | 46 | 174 | 227 | 275 |
| Tax % | 33% | 23% | 17% | 16% | 27% | 15% | 12% | 16% |
| 36 | 26 | 73 | -34 | 34 | 148 | 201 | 230 | |
| EPS in Rs | 187.62 | 138.92 | 384.79 | -180.13 | 3.23 | 13.84 | 19.39 | 21.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 53% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 96% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 35% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 11 |
| Reserves | 130 | 159 | 238 | 202 | 221 | 330 | 534 | 1,184 |
| 0 | 21 | 17 | 8 | 63 | 71 | 210 | 214 | |
| 462 | 644 | 536 | 364 | 976 | 2,147 | 4,100 | 4,797 | |
| Total Liabilities | 594 | 826 | 793 | 576 | 1,271 | 2,558 | 4,855 | 6,206 |
| 2 | 44 | 35 | 23 | 92 | 136 | 349 | 345 | |
| CWIP | 0 | 0 | 4 | 9 | 0 | 0 | 14 | 39 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 173 |
| 592 | 782 | 755 | 545 | 1,179 | 2,422 | 4,490 | 5,649 | |
| Total Assets | 594 | 826 | 793 | 576 | 1,271 | 2,558 | 4,855 | 6,206 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 6 | 93 | -3 | 51 | 198 | 237 | 226 | 289 | |
| 7 | -39 | -6 | -28 | -27 | -85 | -154 | -443 | |
| -5 | -5 | -8 | -5 | -16 | -14 | 115 | 365 | |
| Net Cash Flow | 8 | 49 | -18 | 17 | 156 | 138 | 188 | 210 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 311 | 314 | 194 | 309 | 401 | 537 | 867 | 853 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 311 | 314 | 194 | 309 | 401 | 537 | 867 | 853 |
| Working Capital Days | -81 | -129 | -36 | -391 | -234 | -137 | -114 | -104 |
| ROCE % | 29% | 42% | 1% | 18% | 53% | 43% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Jul - Schedule of Earnings Conference Call of the Company to be held on Monday, August 4, 2025, in relation to the unaudited financial results of the …
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Board Meeting Intimation for Approval Of Unaudited Standalone & Consolidated Financial Results For The Quarter Ended On June 30, 2025
26 Jul - Board meeting on Aug 4, 2025, to approve Q1 financial results; trading window closed Jul 1-Aug 6.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
15 Jul - Dispatch of letters to shareholders with Annual Report and AGM notice access link.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Jul - Copies of newspaper advertisements published today, i.e., on July 15, 2025, with respect to the electronic dispatch of Annual Report for FY 2024-25 and Notice …
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Business Responsibility and Sustainability Reporting (BRSR)
14 Jul - TBO Tek submits FY 2024-25 Business Responsibility and Sustainability Report as per SEBI regulations.
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptNotesPPT
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Sep 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
Business Overview:[1]
TTL is a part of TBO group. It operates an online platform- Travelboutiqueonline.com (TBO) and offers service in B2B segment. It is an International Air Transport Association (IATA) registered ticketing agency. Travel Boutique Online (TBO) portal earns majority revenues from airline and hotel reservation