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Trekkingtoes.com Overview

1. Business Overview

Trekkingtoes.com Ltd. operates in the travel services sector, likely specializing as an online travel agency (OTA) or a niche tour operator focused on adventure, trekking, and experiential travel, particularly within India given its country of origin. The company's core business model involves curating and facilitating bookings for various travel experiences, including guided treks, adventure tours, customized itineraries, and potentially associated services like flights and accommodations. It primarily makes money through commissions earned from booking accommodations, transportation, and activities, as well as through service fees and mark-ups on packaged tours.

2. Key Segments / Revenue Mix

Without specific financial data, the company's revenue streams can be inferred to primarily originate from:

Adventure & Trekking Tours: Packages specifically designed for trekking expeditions, hiking, and other adventure sports.

Customized Travel Packages: Tailor-made itineraries for individuals or groups seeking unique experiences beyond standard tourism.

Ancillary Services: Bookings for flights, hotels, travel insurance, and visa assistance, often bundled with core tour packages.

Domestic vs. International: Given the name "Trekkingtoes" and "India" as country, a significant portion is likely domestic Indian adventure travel, with potential for international adventure destinations.

3. Industry & Positioning

The Indian travel services industry is highly competitive and fragmented, characterized by the presence of large online travel agencies (OTAs) like MakeMyTrip, EaseMyTrip, and Goibibo, numerous smaller specialized tour operators, and direct booking options from airlines and hotels. Trekkingtoes.com likely positions itself as a specialist in the niche segment of adventure and experiential travel, differentiating itself from generalist OTAs through curated experiences, expert local knowledge, and potentially a focus on sustainable or responsible tourism practices. Its target audience would be individuals and groups seeking active and immersive travel experiences rather than conventional leisure travel.

4. Competitive Advantage (Moat)

Niche Expertise & Brand: "Trekkingtoes" effectively communicates its specialization. Developing deep expertise in adventure logistics, safety protocols, and unique itineraries within its niche can build a strong reputation and brand loyalty among adventure travelers.

Supplier Network: A proprietary network of reliable local guides, trekking operators, and eco-friendly accommodations in remote or specialized locations can provide a service quality advantage that is hard to replicate.

Customer Experience: For complex adventure travel, seamless planning, reliable execution, and responsive customer support can create high switching costs for clients who value trust and safety.

Curated Content & Data: Building a comprehensive database of trekking routes, conditions, permits, and unique local experiences can offer a differentiated value proposition.

5. Growth Drivers

Rising Disposable Incomes & Urbanization: Increasing discretionary spending among India's middle and upper classes, particularly in urban areas, fuels demand for leisure and experiential travel.

Growing Interest in Adventure Travel: A global and domestic trend towards active holidays, eco-tourism, and unique cultural experiences benefits niche operators.

Digital Penetration: Continued growth in internet and smartphone usage in India facilitates online discovery and booking of specialized travel services.

Expansion of Destinations/Activities: Broadening the portfolio of trekking routes, adventure sports, and specialized tours within India and potentially internationally.

Strategic Partnerships: Collaborations with regional tourism boards, adventure gear companies, and hospitality partners to enhance offerings and reach.

6. Risks

Intense Competition: Facing competition from larger, well-funded OTAs expanding into niche segments, as well as smaller specialized operators and direct bookings from local guides.

Economic Sensitivity: Travel is a discretionary expense, making the company vulnerable to economic downturns, inflation, or job market instability.

External Shocks: Geopolitical events, natural disasters, health crises (like pandemics), or extreme weather conditions can severely impact travel demand and operational viability, especially for outdoor adventure activities.

Regulatory & Environmental Changes: Changes in tourism policies, environmental regulations for protected areas, or safety standards for adventure sports could increase operational costs or restrict access.

Reputational Risk: Any safety incidents during adventure tours or negative customer experiences can severely damage brand trust in a high-stakes segment.

Seasonality: Adventure travel often has pronounced seasonality, leading to revenue fluctuations.

7. Management & Ownership

As a company with a public ticker (HIPPOCABS), Trekkingtoes.com Ltd. is likely promoter-led, with founders who may have a strong background in tourism, adventure sports, or technology. The quality of management would be crucial in navigating the competitive travel landscape, innovating in niche offerings, ensuring operational safety, and scaling the business effectively. Ownership typically involves the founding promoters, public shareholders, and potentially institutional investors.

8. Outlook

Trekkingtoes.com Ltd. operates in a promising niche within the growing Indian travel market, benefiting from increasing consumer appetite for adventure and experiential travel. The company has an opportunity to leverage its specialized focus to build a strong brand and cater to a discerning customer base. However, it faces significant challenges including intense competition from larger, diversified players, the inherent sensitivity of the travel industry to external shocks, and the operational complexities of managing adventure tours. Its success will largely depend on its ability to consistently deliver high-quality, safe, and unique experiences, expand its network, and effectively manage its cost structure amidst evolving market dynamics and potential unforeseen disruptions.

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Trekkingtoes.com Key Financials

Market Cap ₹5 Cr.

Stock P/E -1.2

P/B -

Current Price ₹29.2

Book Value ₹ 0

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Trekkingtoes.com Share Price

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Volume
Price

Trekkingtoes.com Quarterly Price

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Trekkingtoes.com Peer Comparison

Trekkingtoes.com Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Trekkingtoes.com Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 3 5 2 0 1 0
Other Income 0 0 0 0 0 0
Total Income 3 5 3 1 1 0
Total Expenditure 4 6 3 1 1 4
Operating Profit -0 -1 -0 -0 0 -4
Interest 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax -0 -1 -1 -1 -0 -4
Provision for Tax 0 0 -1 -0 -0 0
Profit After Tax -0 -1 0 -1 -0 -4
Adjustments 0 0 0 0 0 0
Profit After Adjustments -0 -1 0 -1 -0 -4
Adjusted Earnings Per Share -436.4 -962.9 0.2 -4.1 -0.2 -25.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -100% -100% -100% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 0% 0% 25% NA%
ROE Average -220% -85% -51% -42%
ROCE Average -194% -74% -68% -111%

Trekkingtoes.com Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds -1 -1 0 4 4 -0
Minority's Interest 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 -1 0 0 0
Total Current Liabilities 1 2 1 0 0 0
Total Liabilities 0 1 1 4 4 0
Fixed Assets 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 4 4 0
Total Current Assets 0 0 0 0 0 0
Total Assets 0 1 1 4 4 0

Trekkingtoes.com Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 0
Cash Flow from Operating Activities -0 -1 -1 -0 -0 -4
Cash Flow from Investing Activities -0 -0 -0 -0 0 0
Cash Flow from Financing Activities 0 1 1 0 0 4
Net Cash Inflow / Outflow 0 -0 -0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0

Trekkingtoes.com Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -436.4 -962.88 0.23 -4.06 -0.21 -25.28
CEPS(Rs) -396.9 -887.12 1.62 -2.43 0.42 -25.13
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) -652.9 -1010.54 0.08 24.35 24.14 -1.14
Core EBITDA Margin(%) -11.37 -18.57 -33.18 -90.36 -11.21 -1010.36
EBIT Margin(%) -12.33 -19.55 -22.75 -139.5 -7.14 -1016.13
Pre Tax Margin(%) -13.82 -22.25 -24.14 -139.62 -7.39 -1021.2
PAT Margin (%) -13.82 -22.25 1.09 -131.57 -6.36 -1023.49
Cash Profit Margin (%) -12.57 -20.5 7.88 -78.79 12.83 -1017.41
ROA(%) -108.29 -231.87 3.69 -24.59 -0.77 -189.21
ROE(%) 0 0 0 -33.29 -0.85 -219.75
ROCE(%) -325.15 0 -119.4 -27.26 -0.91 -193.6
Receivable days 0.95 0.85 2.86 86.74 79.6 8.21
Inventory Days 0 0 0 0 0 0
Payable days 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0
Price/Book(x) 0 0 0 0.49 0 0
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.21 0.21 0.9 4.24 3.42 4.65
EV/Core EBITDA(x) -1.88 -1.17 -5.64 -4.89 28.35 -0.46
Net Sales Growth(%) 0 52.15 -52.09 -78.51 4.75 -23.64
EBIT Growth(%) 0 -141.29 44.26 -31.82 94.64 0
PAT Growth(%) 0 -144.91 102.36 -2682.6 94.94 0
EPS Growth(%) 0 -120.64 100.02 -1900.23 94.94 0
Debt/Equity(x) -1.18 -0.9 104.84 0.05 0.05 -1.42
Current Ratio(x) 0.13 0.05 0.3 0.67 0.75 0.99
Quick Ratio(x) 0.13 0.05 0.3 0.67 0.75 0.99
Interest Cover(x) -8.25 -7.24 -16.31 -1181.63 -28.67 -200.37
Total Debt/Mcap(x) 0 0 0 0.09 0 0

Trekkingtoes.com Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 63.77 63.77 63.77 63.77 63.77 63.77 63.77 63.77 63.77 63.77
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 36.23 36.23 36.23 36.23 36.23 36.23 36.23 36.23 36.23 36.23
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Trekkingtoes.com News

Trekkingtoes.com Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of -85% over the last 3 years.
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