RateGain Travel

₹663.9 -5 | 0.7%

WEBSITE BSE:543417 NSE : RATEGAIN 10 May, 16:01

Market Cap ₹7823 Cr.

Stock P/E 57.1

P/B 5.5

Current Price ₹663.9

Book Value ₹ 119.8

Face Value 1

52W High ₹921.1

Dividend Yield 0%

52W Low ₹ 371.1

Edit Ratio

RateGain Travel Research see more...

INITIAL COVERAGE: RateGain Travel Technologies Ltd.

Overview Inc. Year: 2012Industry: IT - Software

RateGain Travel Technologies Ltd, a Software as a Service (SaaS) corporation, offers solutions for hospitality and travel industries in India, North America, the Asia-Pacific, Europe, and across the world. The corporation offer AirGain, an airfare pricing intelligence product for the airways enterprise; CarGain, a vehicle rental market intelligence and parity audit product; FerryGain, an AI enabled revenue management product designed specially for ferries; Optima, a real-time price intelligence platform; PriceGain; Rate Parity; RezGain, an AI enabled smart distribution channel manager; DHISCO Switch that allows lodges to pressure reservations connects the hotel and hospitality chains with call for channels using switch technology; and smart distribution products. It additionally provides integrated distribution channel management, CRS stage connectivity, business intelligence, and content management. The organization serves airlines, hotels, online tour marketers (OTAs), meta-seek agencies, holiday rentals, package providers, vehicle rentals, rail, journey control corporations, cruises, and ferries. RateGain Travel Technologies Ltd was founded in 2004 and is based in Noida, India. RateGain Travel Technologies Ltd was formerly subsidiary of RateGain Technology Inc.

RateGain Travel Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

RateGain Travel Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	85	99	108	119	125	138	183	214	235	252
Other Income	3	2	6	8	7	1	5	6	4	11
Total Income	88	101	114	127	131	139	188	220	238	263
Total Expenditure	81	90	93	107	107	115	151	177	188	201
Operating Profit	7	11	21	20	24	23	37	44	50	62
Interest	1	2	1	0	0	0	0	0	0	0
Depreciation	7	8	8	8	8	8	11	11	10	10
Exceptional Income / Expenses	0	-1	-0	0	0	0	0	0	0	0
Profit Before Tax	-1	0	12	11	16	15	26	32	39	52
Provision for Tax	1	0	1	3	3	1	-8	7	9	12
Profit After Tax	-2	0	12	8	13	13	34	25	30	40
Adjustments	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	-2	0	12	8	13	13	34	25	30	40
Adjusted Earnings Per Share	-0.2	0	1.1	0.8	1.2	1.2	3.1	2.3	2.8	3.4

RateGain Travel Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	262	399	251	367	565	884
Other Income	11	59	13	17	20	26
Total Income	273	458	264	383	585	909
Total Expenditure	239	423	244	335	479	717
Operating Profit	34	35	21	49	107	193
Interest	4	10	9	7	3	0
Depreciation	20	43	36	30	36	42
Exceptional Income / Expenses	0	0	0	-1	0	0
Profit Before Tax	9	-18	-25	11	67	149
Provision for Tax	-2	2	4	2	-1	20
Profit After Tax	11	-20	-29	8	68	129
Adjustments	0	0	0	0	0	0
Profit After Adjustments	11	-20	-29	8	68	129
Adjusted Earnings Per Share	1.4	-2.6	-3.6	0.8	6.3	11.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	54%	12%	0%	0%
Operating Profit CAGR	118%	45%	0%	0%
PAT CAGR	750%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	71%	NA%	NA%	NA%
ROE Average	11%	-1%	-2%	-2%
ROCE Average	11%	3%	3%	3%

RateGain Travel Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	143	138	245	619	710
Minority's Interest	0	0	0	0	0
Borrowings	24	101	98	0	0
Other Non-Current Liabilities	21	38	24	28	27
Total Current Liabilities	93	117	91	130	192
Total Liabilities	281	393	459	777	930
Fixed Assets	106	216	168	222	396
Other Non-Current Assets	8	7	23	26	29
Total Current Assets	168	171	268	528	505
Total Assets	281	393	459	777	930

RateGain Travel Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	13	40	21	54	34
Cash Flow from Operating Activities	36	19	21	17	52
Cash Flow from Investing Activities	-3	-112	-82	-295	13
Cash Flow from Financing Activities	-6	73	93	240	-2
Net Cash Inflow / Outflow	27	-20	32	-38	63
Closing Cash & Cash Equivalent	40	21	54	34	100

RateGain Travel Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.4	-2.56	-3.64	0.78	6.31
CEPS(Rs)	3.98	2.87	0.93	3.59	9.62
DPS(Rs)	0	0	0	0	0
Book NAV/Share(Rs)	18.35	16.7	26.31	55.86	64.43
Core EBITDA Margin(%)	8.7	-6.05	2.9	8.75	15.33
EBIT Margin(%)	5.23	-1.99	-6.11	4.8	12.52
Pre Tax Margin(%)	3.63	-4.45	-9.82	2.96	11.9
PAT Margin (%)	4.22	-5.04	-11.39	2.3	12.1
Cash Profit Margin (%)	11.95	5.67	2.91	10.5	18.44
ROA(%)	3.93	-5.96	-6.71	1.36	8.02
ROE(%)	7.65	-14.6	-16.9	2.09	10.54
ROCE(%)	8.15	-3.76	-5.02	3.61	10.65
Receivable days	88.29	64.51	105.21	83.37	84.4
Inventory Days	0	0	0	0	0
Payable days	0	0	0	0	0
PER(x)	0	0	0	425.94	54.33
Price/Book(x)	0	0	0	5.98	5.32
Dividend Yield(%)	0	0	0	0	0
EV/Net Sales(x)	-0.08	0.23	0.22	9.11	6.22
EV/Core EBITDA(x)	-0.58	2.65	2.69	68.72	32.98
Net Sales Growth(%)	0	52.43	-37.1	46.17	54.16
EBIT Growth(%)	0	-157.92	-93.46	214.92	301.82
PAT Growth(%)	0	-282.2	-42.14	129.46	712.46
EPS Growth(%)	0	-282.21	-42.13	121.58	704.93
Debt/Equity(x)	0.17	0.88	0.54	0	0
Current Ratio(x)	1.81	1.46	2.94	4.08	2.62
Quick Ratio(x)	1.81	1.46	2.94	4.08	2.62
Interest Cover(x)	3.27	-0.8	-1.65	2.6	20.33
Total Debt/Mcap(x)	0	0	0	0	0

RateGain Travel Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.58	56.29	55.91	55.82	55.79	55.76	55.76	55.72	51.27	51.25
FII	11.75	9.18	8.49	7.34	3.97	4.05	5.33	5.42	8.67	10.49
DII	8.22	8.8	8.14	8.03	14.22	14.65	17.78	17.81	18.77	17.31
Public	23.46	25.73	27.46	28.81	26.02	25.54	21.13	21.06	21.29	20.95
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.04	6.04	6.04	6.04	6.04	6.04	6.04	6.04	6.04	6.04
FII	1.25	0.98	0.92	0.79	0.43	0.44	0.58	0.59	1.02	1.24
DII	0.88	0.94	0.88	0.87	1.54	1.59	1.93	1.93	2.21	2.04
Public	2.5	2.76	2.97	3.12	2.82	2.77	2.29	2.28	2.51	2.47
Others	0	0	0	0	0	0	0	0	0	0
Total	10.68	10.73	10.8	10.82	10.83	10.83	10.83	10.84	11.78	11.78

Pros

Company is almost debt free.

Cons

Company has a low return on equity of -1% over the last 3 years.
Stock is trading at 5.5 times its book value.

* 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.