Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹2295 Cr.
Stock P/E
-48.2
P/B
2.1
Current Price
₹5.8
Book Value
₹ 2.8
Face Value
1
52W High
₹10.6
52W Low
₹ 5.7
Dividend Yield
0%

Easy Trip Planners Overview

Business

Easy Trip Planners Ltd. (EasyMyTrip) is an online travel agency (OTA) based in India. The company provides a platform for booking air tickets, hotels, holiday packages, buses, and other travel-related services such as rail tickets, car rentals, and visa processing. Its core business model is centered on offering travel services directly to consumers (B2C) and also to agents (B2B). A key differentiator for EasyMyTrip has been its "zero convenience fee" policy, meaning it does not charge customers an additional booking fee, unlike many competitors. The company primarily makes money through commissions received from airlines and hotels, mark-ups on holiday packages, and service charges for other ancillary travel products.

Revenue Mix

EasyMyTrip's revenue is primarily derived from:

Air Ticket Bookings: This is historically its largest revenue segment, accounting for the majority of gross booking value. The company earns commissions from airlines on ticket sales.

Hotel Bookings & Holiday Packages: This segment includes bookings for hotels, resorts, and curated domestic and international holiday packages. Revenue comes from commissions, mark-ups, and service fees.

Other Services: This segment encompasses bus bookings, train tickets, car rentals, visa services, travel insurance, and other ancillary travel products and services. While smaller, these segments contribute to overall revenue and widen the service portfolio.

Industry

The Indian online travel market is highly competitive and rapidly growing, driven by increasing internet penetration, smartphone usage, and a rising middle class with higher disposable income. Key players include MakeMyTrip-Goibibo (dominant), Ixigo, and international players. EasyMyTrip is positioned as a significant player, often cited as the third-largest OTA in India by gross booking volume, known for its disruptive "zero convenience fee" model. This strategy aims to attract price-sensitive customers and gain market share, particularly in the air ticketing segment. The market is also seeing new entrants and increasing focus on niche segments and ancillary services.

MOAT

EasyMyTrip's primary competitive advantage stems from its zero convenience fee policy, which directly appeals to price-sensitive Indian consumers, driving customer acquisition and repeat bookings. This strategy, combined with a focus on operational efficiency and a broad selection of travel options, has allowed it to grow market share. While "zero convenience fee" is a strong differentiator, it relies on scale to absorb the cost, and is a strategic choice rather than an inherent structural moat. The company also benefits from growing brand recognition within India, and a network effect as more users attract more service providers and vice-versa, though this is less pronounced than for market leaders. Its asset-light business model also offers flexibility.

Growth Drivers

Growing Indian Travel Market: Increasing disposable incomes, rising aspirations, improved connectivity, and a young demographic are fueling both domestic and international travel demand.

Digitalization & Online Penetration: Continuous shift from offline to online booking channels, especially in Tier 2 and Tier 3 cities, presents a significant growth opportunity.

Diversification into Hotels & Holiday Packages: Strategic focus on expanding its non-air ticketing segments, which typically have higher margins, to reduce reliance on air bookings.

International Expansion: Gradual expansion into international markets, leveraging its technology and business model.

B2B Segment Growth: Expanding its agent network and B2B offerings to tap into a wider customer base.

Ancillary Services: Introduction and scaling of new services like bus, rail, visa, and insurance to increase revenue per customer.

Risks

Intense Competition: The Indian OTA market is highly competitive, with established players and potential new entrants, leading to price wars and pressure on margins.

Dependence on Supplier Relationships: Reliance on airlines, hotels, and other travel providers for inventory and commissions; adverse changes in these relationships or commission structures could impact profitability.

Economic Downturns: Travel is discretionary spending; economic slowdowns, pandemics, or geopolitical events can significantly reduce travel demand.

Technology & Cybersecurity Risks: The business is highly dependent on its technology platform; system outages, data breaches, or failure to innovate could lead to customer dissatisfaction and loss of business.

Regulatory Changes: Changes in aviation, tourism, or e-commerce regulations could impact business operations and profitability.

Sustainability of Zero-Convenience-Fee Model: While a differentiator, maintaining this model requires significant scale and operational efficiency; any inability to adequately monetize other services could pressure margins.

Management & Ownership

Easy Trip Planners is promoted by the Pitti brothers – Nishant Pitti, Rikant Pitti, and Prashant Pitti, who also serve as key executives and directors. The company largely operates under a promoter-led management structure, which is common in India. The promoters have played a crucial role in shaping the company's "zero convenience fee" strategy and driving its growth. As of recent data, promoter holdings remain substantial, indicating strong alignment with the company's long-term vision.

Outlook

Easy Trip Planners is well-positioned to capitalize on the robust growth in India's travel and tourism sector, driven by increasing internet penetration and a burgeoning middle class. Its "zero convenience fee" model provides a distinct advantage in attracting price-sensitive consumers, potentially allowing it to continue gaining market share. The ongoing diversification into higher-margin segments like hotels and holiday packages, along with international expansion efforts, could enhance profitability and reduce dependence on air ticketing. However, the outlook is tempered by intense competition, potential margin pressures if the zero-fee model becomes unsustainable without significant scale, and vulnerability to economic downturns or industry-specific disruptions. The company's ability to innovate, expand its service offerings, and maintain operational efficiency will be crucial for sustained long-term growth and profitability in a dynamic market.

Easy Trip Planners Share Price

Live · BSE / NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Easy Trip Planners Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 164 153 145 151 139 114 118 152 152 135
Other Income 9 4 5 3 4 6 8 10 14 7
Total Income 173 156 150 154 143 120 126 161 166 141
Total Expenditure 115 106 108 103 126 113 114 147 176 148
Operating Profit 58 51 42 51 17 7 12 14 -10 -6
Interest 1 1 1 2 2 1 1 2 2 1
Depreciation 1 2 4 3 3 4 5 4 4 4
Exceptional Income / Expenses -72 0 0 0 0 0 -51 0 0 0
Profit Before Tax -17 47 37 46 12 2 -45 8 -15 -11
Provision for Tax -2 13 10 12 -2 1 -10 5 -1 -0
Profit After Tax -15 34 27 34 14 1 -35 3 -15 -11
Adjustments -1 -1 -1 -0 1 0 3 3 1 -0
Profit After Adjustments -16 32 26 34 15 1 -33 6 -14 -11
Adjusted Earnings Per Share -0 0.1 0.1 0.1 0 0 -0.1 0 -0 -0

Easy Trip Planners Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 141 139 235 449 591 587 536 557
Other Income 40 12 14 17 19 16 40 39
Total Income 181 151 250 465 609 603 576 594
Total Expenditure 124 61 102 272 379 442 553 585
Operating Profit 57 90 147 194 230 161 23 10
Interest 11 6 3 6 7 6 6 6
Depreciation 1 1 1 3 7 12 16 17
Exceptional Income / Expenses 0 0 0 0 -72 0 -51 -51
Profit Before Tax 46 83 144 185 143 143 -52 -63
Provision for Tax 13 22 38 51 39 34 -4 -6
Profit After Tax 33 61 106 134 103 109 -48 -58
Adjustments 0 0 0 0 -0 -1 8 7
Profit After Adjustments 33 61 106 134 103 107 -39 -52
Adjusted Earnings Per Share 0.1 0.2 0.3 0.4 0.3 0.3 -0.1 -0.1

Easy Trip Planners Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 101 163 236 370 605 720 801
Minority's Interest 0 0 0 0 20 22 14
Borrowings 0 0 0 0 4 25 21
Other Non-Current Liabilities 37 20 -1 3 12 88 79
Total Current Liabilities 148 212 244 319 245 288 275
Total Liabilities 287 394 479 692 885 1144 1190
Fixed Assets 9 9 28 34 128 154 189
Other Non-Current Assets 24 17 127 11 191 217 318
Total Current Assets 253 368 323 648 566 774 592
Total Assets 287 394 479 692 885 1144 1190

Easy Trip Planners Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 34 13 64 -3 -36 101 136
Cash Flow from Operating Activities 27 74 20 -119 124 112 -4
Cash Flow from Investing Activities -55 -23 -56 83 -43 -92 -42
Cash Flow from Financing Activities 6 0 -31 4 56 16 -10
Net Cash Inflow / Outflow -21 51 -67 -33 137 35 -56
Closing Cash & Cash Equivalent 13 64 -3 -36 101 136 80

Easy Trip Planners Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.09 0.18 0.3 0.39 0.29 0.3 -0.11
CEPS(Rs) 0.1 0.18 0.31 0.39 0.31 0.34 -0.09
DPS(Rs) 0 0.06 0.06 0 0.05 0 0
Book NAV/Share(Rs) 0.29 0.47 0.68 1.06 1.71 2.03 2.2
Core EBITDA Margin(%) 6.63 39.33 33.24 25.85 35.75 24.74 -3.17
EBIT Margin(%) 21.3 45.18 36.5 27.84 25.41 25.33 -8.56
Pre Tax Margin(%) 17.28 42.1 35.86 27 24.15 24.34 -9.7
PAT Margin (%) 12.43 30.8 26.46 19.58 17.52 18.5 -8.89
Cash Profit Margin (%) 12.69 31.14 26.79 20 18.73 20.62 -5.9
ROA(%) 11.5 17.91 24.26 22.9 13.12 10.71 -4.08
ROE(%) 32.58 46.24 53.16 44.27 21.23 16.4 -6.26
ROCE(%) 52.34 62.14 62.67 51.62 28.05 21.68 -5.77
Receivable days 80.02 80.25 37.25 55.61 120.04 164.29 194.1
Inventory Days 0 0 0.24 0.25 0.47 0.91 1.74
Payable days 0 0 0 0 0 0 5645.14
PER(x) 0 37.31 70 56.39 73.72 38.69 0
Price/Book(x) 0 14 31.44 20.45 12.57 5.77 2.66
Dividend Yield(%) 0 0.95 0.29 0 0.23 0 0
EV/Net Sales(x) -0.73 14.91 31.15 16.94 12.72 6.89 3.88
EV/Core EBITDA(x) -1.79 22.91 49.73 39.26 32.71 25.09 90.97
Net Sales Growth(%) 0 -2.02 69.94 90.69 31.58 -0.55 -8.79
EBIT Growth(%) 0 58.28 63.27 30.53 -21.33 -0.86 -130.81
PAT Growth(%) 0 84.98 73.61 26.61 -22.85 5.02 -143.81
EPS Growth(%) 0 84.93 73.62 26.68 -24.64 4.13 -135.79
Debt/Equity(x) 0.07 0.11 0.21 0.22 0.02 0.05 0.04
Current Ratio(x) 1.71 1.74 1.32 2.03 2.31 2.68 2.15
Quick Ratio(x) 1.71 1.74 1.32 2.03 2.31 2.68 2.14
Interest Cover(x) 5.31 14.66 57.41 33.02 20.26 25.8 -7.5
Total Debt/Mcap(x) 0 0.01 0.01 0.01 0 0.01 0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -9% +6% +31% —
Operating Profit CAGR -86% -51% -24% —
PAT CAGR -144% 0% 0% —
Share Price CAGR -29% -35% -21% —
ROE Average -6% +10% +26% +30%
ROCE Average -6% +15% +32% +39%

Easy Trip Planners Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 43.56 %
FII 5.96 %
DII (MF + Insurance) 1.99 %
Public (retail) 48.5 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 64.364.350.3850.3848.9747.7247.7247.7247.7243.56
FII 2.792.562.52.583.742.590.50.441.415.96
DII 2.462.62.6432.92.472.482.482.31.99
Public 30.4530.5444.4744.0444.3947.2249.349.3648.5648.5
Others 0000000000
Total 100100100100100100100100100100

Easy Trip Planners Peer Comparison

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Easy Trip Planners Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Easy Trip Planners Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 43.56%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 0 to 5645.14days.
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