WEBSITE BSE:0 NSE: Inc. Year: 2009 Industry: Travel Services My Bucket: Add Stock
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1. Business Overview
Wise Travel India Ltd. is a travel services company based in India. Its core business revolves around providing a comprehensive range of travel-related solutions. This typically includes corporate travel management, leisure travel packages, MICE (Meetings, Incentives, Conferences, and Exhibitions) services, visa assistance, foreign exchange services, car rentals, and hotel bookings. The company operates on a business model that generates revenue through commissions from airlines, hotels, and other travel suppliers, as well as service fees charged for its various offerings and markups on curated travel packages. It caters to both corporate clients seeking managed travel solutions and individual customers for their leisure travel needs.
2. Key Segments / Revenue Mix
While specific revenue contribution by segment for Wise Travel India Ltd. is not readily available in public domain without detailed financial reports, companies in this sector typically derive their revenue from:
Corporate Travel Management (CTM): Managing business travel for corporate clients (flights, hotels, ground transport, MICE events). This is often a significant portion for established agencies.
Leisure Travel: Selling holiday packages, flight tickets, hotel bookings, and cruises to individual customers.
Ancillary Services: Visa processing, forex, travel insurance, car rentals.
The mix heavily depends on the company's strategic focus, but generally, CTM often provides more consistent, repeat business.
3. Industry & Positioning
The Indian travel services industry is dynamic, highly competitive, and fragmented. It comprises large Online Travel Agencies (OTAs) like MakeMyTrip, EaseMyTrip, Goibibo, as well as numerous traditional brick-and-mortar travel agencies, specialized tour operators, and destination management companies. Wise Travel India Ltd. operates within this competitive landscape, likely positioning itself by focusing on personalized service, niche segments (e.g., specific corporate client types, MICE events, or tailor-made luxury travel), or regional expertise. Its positioning is likely that of a full-service agency that combines traditional service with evolving digital tools, differentiating from pure-play OTAs by offering more complex itineraries, hands-on support, and corporate solutions.
4. Competitive Advantage (Moat)
Wise Travel India Ltd. likely possesses competitive advantages stemming from:
Client Relationships: Established long-term relationships with corporate clients can create switching costs due to integrated systems, preferred vendor status, and tailored service agreements.
Expertise and Service Quality: Specialized knowledge in complex travel arrangements (e.g., MICE, international corporate travel) and a reputation for reliable, personalized service can be a differentiator against mass-market online platforms.
Supplier Network: Deep relationships and preferential rates with airlines, hotels, and ground operators built over time can provide better pricing or exclusive inventory.
However, against large OTAs, it may lack the scale, brand recognition, and technology spend, making its moat less formidable in certain segments.
5. Growth Drivers
Resumption and Growth in Business Travel: The recovery and subsequent growth of corporate travel post-pandemic, driven by business expansion and globalization.
Increasing Disposable Income and Travel Aspirations: Rising middle-class income in India fuels both domestic and international leisure travel.
Growth of MICE Segment: India's growing economy and status as a business hub drive demand for Meetings, Incentives, Conferences, and Exhibitions.
Digital Transformation: Adoption of new technologies to enhance customer experience, streamline operations, and offer more personalized services.
Expansion into New Geographies or Niches: Tapping into underserved markets or specialized travel segments.
6. Risks
Economic Downturns: Reduced discretionary spending on leisure travel and cutbacks in corporate travel budgets during economic slowdowns.
Pandemics or Health Crises: Global health events can severely disrupt travel demand and operations, as seen with COVID-19.
Intense Competition: Fierce competition from well-funded OTAs offering aggressive pricing, new entrants, and direct bookings from airlines/hotels.
Changes in Commission Structures: Airlines and hotels altering commission rates can impact profitability.
Regulatory Changes: Evolving regulations related to visas, international travel, or tourism policies.
Technological Disruption: Failure to adapt to rapidly changing travel technology and customer expectations.
Geopolitical Instability: Conflicts or tensions in key travel destinations can deter travelers.
7. Management & Ownership
As an Indian listed company, Wise Travel India Ltd. is typically driven by its promoter group, who often hold a significant ownership stake and play a key role in management. The company's leadership would comprise individuals with experience in the travel and tourism sector. The ownership structure would include the promoter group, institutional investors (if any), and public shareholders. Management quality is generally assessed by their strategic vision, execution capabilities, financial stewardship, and corporate governance practices, which are typically outlined in annual reports and public filings.
8. Outlook
The outlook for Wise Travel India Ltd. is balanced. The Indian travel industry is poised for significant growth over the next few years, driven by a burgeoning middle class, increasing connectivity, and a robust economic outlook. This provides a strong tailwind for companies like Wise Travel, particularly in the corporate and MICE segments which are recovering well. The company's focus on service and established client relationships could allow it to capture a good share of this growth.
However, the sector remains intensely competitive, with strong challenges from digitally native Online Travel Agencies that benefit from scale and technology. Pricing pressures and the potential for future disruptions (economic, health, or geopolitical) are ever-present risks. Wise Travel India Ltd.'s success will depend on its ability to leverage its service expertise, innovate with technology, maintain strong client relationships, and effectively differentiate its offerings in a crowded market while navigating external shocks.
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Market Cap ₹213 Cr.
Stock P/E 9.1
P/B 1.2
Current Price ₹89.7
Book Value ₹ 72.2
Face Value 10
52W High ₹204
Dividend Yield 0%
52W Low ₹ 75.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 42 | 89 | 250 | 411 | 549 | |
| Other Income | 2 | 1 | 0 | 4 | 6 | |
| Total Income | 44 | 90 | 250 | 415 | 554 | |
| Total Expenditure | 39 | 82 | 231 | 368 | 495 | |
| Operating Profit | 5 | 7 | 19 | 47 | 60 | |
| Interest | 1 | 1 | 2 | 4 | 7 | |
| Depreciation | 2 | 2 | 4 | 12 | 22 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 2 | 5 | 14 | 32 | 31 | |
| Provision for Tax | 0 | 1 | 3 | 8 | 8 | |
| Profit After Tax | 2 | 4 | 10 | 24 | 23 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 2 | 4 | 10 | 24 | 23 | |
| Adjusted Earnings Per Share | 1.1 | 2.3 | 5.9 | 10 | 9.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 34% | 83% | 0% | 0% |
| Operating Profit CAGR | 28% | 105% | 0% | 0% |
| PAT CAGR | -4% | 79% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -41% | NA% | NA% | NA% |
| ROE Average | 15% | 23% | 18% | 18% |
| ROCE Average | 16% | 26% | 21% | 21% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 25 | 28 | 41 | 149 | 172 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 2 | 17 | 11 | 76 |
| Other Non-Current Liabilities | 0 | 0 | 3 | 4 | 7 |
| Total Current Liabilities | 26 | 28 | 57 | 77 | 124 |
| Total Liabilities | 52 | 59 | 117 | 241 | 378 |
| Fixed Assets | 11 | 12 | 21 | 23 | 111 |
| Other Non-Current Assets | 4 | 6 | 20 | 21 | 28 |
| Total Current Assets | 37 | 42 | 76 | 197 | 239 |
| Total Assets | 52 | 59 | 117 | 241 | 378 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 18 | 6 | 9 | 17 |
| Cash Flow from Operating Activities | 12 | -3 | -8 | 14 | 0 |
| Cash Flow from Investing Activities | -3 | -2 | -13 | -88 | -28 |
| Cash Flow from Financing Activities | -4 | -3 | 24 | 83 | 45 |
| Net Cash Inflow / Outflow | 5 | -8 | 3 | 8 | 18 |
| Closing Cash & Cash Equivalent | 18 | 10 | 9 | 17 | 35 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.09 | 2.31 | 5.94 | 9.99 | 9.8 |
| CEPS(Rs) | 2.32 | 3.31 | 8.03 | 14.87 | 18.86 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 15.14 | 17.45 | 23.38 | 62.45 | 72.22 |
| Core EBITDA Margin(%) | 7.23 | 6.94 | 7.44 | 10.47 | 9.8 |
| EBIT Margin(%) | 6.79 | 6.35 | 6.14 | 8.63 | 6.94 |
| Pre Tax Margin(%) | 5.33 | 5.55 | 5.54 | 7.72 | 5.68 |
| PAT Margin (%) | 4.2 | 4.24 | 4.14 | 5.8 | 4.26 |
| Cash Profit Margin (%) | 8.9 | 6.05 | 5.59 | 8.62 | 8.19 |
| ROA(%) | 3.44 | 6.79 | 11.74 | 13.3 | 7.54 |
| ROE(%) | 7.23 | 14.19 | 29.96 | 25.14 | 14.56 |
| ROCE(%) | 9.13 | 17.77 | 31 | 29.16 | 16.42 |
| Receivable days | 114.64 | 85.07 | 63.77 | 64.4 | 75.83 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 18.77 | 14.94 |
| Price/Book(x) | 0 | 0 | 0 | 3 | 2.03 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | -0.18 | -0.03 | 0.07 | 0.9 | 0.71 |
| EV/Core EBITDA(x) | -1.6 | -0.43 | 0.9 | 7.86 | 6.5 |
| Net Sales Growth(%) | 0 | 109.67 | 181.64 | 64.5 | 33.61 |
| EBIT Growth(%) | 0 | 96.02 | 172.5 | 131.08 | 7.42 |
| PAT Growth(%) | 0 | 111.35 | 175.08 | 130.49 | -1.9 |
| EPS Growth(%) | 0 | 111.36 | 156.94 | 68.14 | -1.9 |
| Debt/Equity(x) | 0.28 | 0.13 | 0.65 | 0.18 | 0.67 |
| Current Ratio(x) | 1.39 | 1.49 | 1.34 | 2.56 | 1.93 |
| Quick Ratio(x) | 1.39 | 1.49 | 1.34 | 2.56 | 1.93 |
| Interest Cover(x) | 4.66 | 7.92 | 10.12 | 9.49 | 5.53 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0.06 | 0.33 |
| # | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 69.76 | 69.76 | 69.97 | 69.97 | 69.25 |
| FII | 1.86 | 0.08 | 0.1 | 0.02 | 0 |
| DII | 0.26 | 0.45 | 0.96 | 1.56 | 1.53 |
| Public | 28.12 | 29.7 | 28.97 | 28.45 | 29.22 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 1.66 | 1.66 | 1.67 | 1.67 | 1.65 |
| FII | 0.04 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.02 | 0.04 | 0.04 |
| Public | 0.67 | 0.71 | 0.69 | 0.68 | 0.7 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 2.38 | 2.38 | 2.38 | 2.38 | 2.38 |
* The pros and cons are machine generated.
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