RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.[1]
Prices delayed · Fundamentals as reported · checked 07 Oct, 5:15 pm ISTData as published. No model runs on this page.
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| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 214 | 235 | 252 | 256 | 260 | 277 | 279 | 261 | 273 | 295 | 540 |
Generated on demand from the fundamentals above plus a live web scan. Takes one to two minutes.
The business narrative, written down and turned into explicit assumptions.
A valuation from those assumptions, under bull, base and bear cases.
Where today's price sits relative to that range.
| 716 |
| 785 |
| Expenses + | 177 | 188 | 201 | 202 | 210 | 217 | 217 | 200 | 223 | 241 | 453 | 569 | 613 |
| Operating Profit | 38 | 46 | 51 | 54 | 50 | 60 | 61 | 61 | 50 | 54 | 87 | 147 | 172 |
| OPM % | 18% | 20% | 20% | 21% | 19% | 22% | 22% | 23% | 18% | 18% | 16% | 21% | 22% |
| Other Income + | 6 | 4 | 11 | 21 | 18 | 17 | 20 | 20 | 21 | 22 | -18 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 18 | 17 |
| Depreciation | 11 | 10 | 10 | 10 | 9 | 9 | 8 | 8 | 9 | 9 | 28 | 35 | 38 |
| Profit before tax | 32 | 39 | 52 | 65 | 58 | 68 | 73 | 72 | 61 | 66 | 29 | 96 | 121 |
| Tax % | 22% | 24% | 22% | 24% | 22% | 24% | 23% | 24% | 23% | 22% | 9% | 27% | 21% |
| Net Profit + | 25 | 30 | 40 | 50 | 45 | 52 | 57 | 55 | 47 | 51 | 26 | 70 | 95 |
| EPS in Rs | 2.30 | 2.77 | 3.43 | 4.24 | 3.85 | 4.43 | 4.79 | 4.64 | 3.97 | 4.32 | 2.24 | 5.92 | 8.01 |
| Raw PDF |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 262 | 399 | 251 | 367 | 565 | 957 | 1,077 | 1,824 | 2,336 |
| Expenses + | 239 | 423 | 244 | 334 | 479 | 766 | 843 | 1,478 | 1,876 |
| Operating Profit | 23 | -24 | 7 | 32 | 87 | 191 | 234 | 345 | 459 |
| OPM % | 9% | -6% | 2.9% | 9% | 15% | 20% | 22% | 19% | 20% |
| Other Income + | 11 | 59 | 13 | 16 | 20 | 42 | 76 | 27 | 9 |
| Interest | 4 | 10 | 9 | 7 | 3 | 3 | 3 | 39 | 48 |
| Depreciation | 20 | 43 | 36 | 30 | 36 | 41 | 35 | 81 | 110 |
| Profit before tax | 9 | -18 | -25 | 11 | 67 | 189 | 272 | 252 | 311 |
| Tax % | -16% | 13% | 16% | 22% | -2% | 23% | 23% | 23% | |
| Net Profit + | 11 | -20 | -29 | 8 | 68 | 145 | 209 | 194 | 242 |
| EPS in Rs | 168.40 | -306.87 | -436.20 | 0.78 | 6.31 | 12.34 | 17.70 | 16.45 | 20.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.65 | 0.74 | 0.66 | 11 | 11 | 12 | 12 | 12 |
| Reserves | 142 | 137 | 244 | 608 | 699 | 1,439 | 1,671 | 1,994 |
| Borrowings + | 54 | 144 | 117 | 18 | 18 | 17 | 16 | 949 |
| Other Liabilities + | 87 | 116 | 78 | 140 | 208 | 255 | 198 | 468 |
| Total Liabilities | 285 | 397 | 440 | 777 | 936 | 1,722 | 1,897 | 3,423 |
| Fixed Assets + | 106 | 216 | 168 | 222 | 396 | 364 | 348 | 2,403 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 |
| Investments | 41 | 45 | 129 | 165 | 140 | 179 | 319 | 25 |
| Other Assets + | 138 | 136 | 143 | 390 | 399 | 1,177 | 1,230 | 996 |
| Total Assets | 285 | 397 | 440 | 777 | 936 | 1,722 | 1,897 | 3,423 |