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RateGain Travel Technologies Ltd (RATEGAIN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543417 NSE: RATEGAIN IT - Software | Small Cap | RateGain Travel Tech Share Price
₹919.70 0.00 (0.00%)
As on 27-Aug'26 16:59
RateGain Travel Technologies Ltd (RATEGAIN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543417 NSE: RATEGAIN IT - Software | Small Cap | RateGain Travel Tech Share Price
₹919.70 0.00 (0.00%)
As on 27-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹10,895 Cr.
Current Price
₹919.7
52-Week Low / High
₹438 / 1,053
TTM EPS
₹20.5
TTM Sales
₹2,336 Cr.
Book Value per Share
₹175.9
P/E Ratio
44.95
Lower than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
5.23
In line with its 5-year historical median
Price to Sales (P/S)
4.66
Lower than its 5-year historical median
EV/EBITDA
23.14
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.64%
Outperforms industry median
Return on Capital Employed (ROCE)
12.63%
Outperforms industry median
Return on Assets (ROA)
7.37%
Operating Profit Margin
18.9%
Net Profit Margin
10.66%
Gross Profit Margin
20.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
69.37%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
47.59%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.96%
Asset Quality
Promoter Holding
48.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,071 Cr.
Equity
₹11.9 Cr.
Face Value
₹1
All Time Low / High
₹236.05 / 1052.65
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is RateGain Travel Technologies Ltd a good quality company?
RateGain Travel Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does RateGain Travel Technologies Ltd performance compare with that of its Peers?
Revenue growth of RateGain Travel Technologies Ltd vs industry peers?
RateGain Travel Technologies Ltd revenue CAGR is 48.70%, compared to the industry median CAGR of 3.19%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of RateGain Travel Technologies Ltd?
Promoters hold 48.78% of the RateGain Travel Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of RateGain Travel Technologies Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 17.5% based on the current price.
DeciZen - make an informed investing decision on RateGain Travel Tech
Decision Maker
Consolidated basis
1. Right Stock
10 Year X-ray Pro
Long Term Prospect
2. Right Price
3. Right Time ⓘ
#Likely Future 5 Year CAGR.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
RateGain Travel Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'16 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 8.2% | -3.8% | -5% | 3.6% | 10.7% | 17.8% | 17.6% | 12.6% | - |
| Value Creation Index ⓘ | NA | NA | -0.4 | -1.3 | -1.4 | -0.7 | -0.2 | 0.3 | 0.3 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 262 | 399 | 251 | 367 | 565 | 957 | 1,077 | 1,824 | 2,336 |
| Sales YoY Gr. | - | NA | NA | 52.4% | -37.1% | 46.2% | 54.2% | 69.4% | 12.5% | 69.4% | - |
| Adj EPS ⓘ | 0 | 0 | 1.4 | -2.6 | -3.1 | 0.6 | 6.2 | 12.4 | 17.8 | 17.5 | 20.5 |
| YoY Gr. | - | NA | NA | -282.1% | NA | NA | 898.4% | 100.8% | 43% | -1.6% | - |
| BVPS (₹) ⓘ | 0 | 0 | 18.4 | 16.7 | 26.3 | 55.9 | 64.4 | 121.9 | 141.2 | 168.4 | 175.9 |
| Adj Net Profit ⓘ | 0 | 0 | 11 | -20.1 | -24.2 | 6.7 | 67 | 147 | 210 | 207 | 242 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 36.2 | 19.1 | 20.6 | 16.8 | 51.9 | 152 | 120 | 234 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0.7 | 6.1 | 5.4 | 0 | 0 | 0 | 0 | 3.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 48.7% | 47.8% | 69.4% | ||||
| Adj EPS ⓘ | NA | NA | 41.4% | -1.6% | ||||
| BVPSⓘ | NA | 45% | 37.7% | 19.2% | ||||
| Share Price | - | - | 16.7% | 79.9% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 7.7 | -14.3 | -12.7 | 1.6 | 10.1 | 13.6 | 13.4 | 11.2 | 11.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 9 | -6 | 5.4 | 8.8 | 15.3 | 20.2 | 21.9 | 18.9 | 19.7 |
| Net Profit Mgn % ⓘ | 0 | 0 | 4.2 | -5 | -9.7 | 1.8 | 11.9 | 15.3 | 19.5 | 11.3 | 10.4 |
| Debt to Equity ⓘ | 0 | 0 | 0.2 | 0.9 | 0.5 | 0 | 0 | 0 | 0 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 103 | 165 | 124 | 108 | 184 | 278 | 166 | 150 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 28 | 47 | 36 | 16 | 6 | -0 | -4 | 113 |
Valuation of RateGain Travel Tech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Sales | 262 | 399 | 251 | 367 | 565 | 957 | 1,077 | 1,824 |
| Operating Expenses > ⓘ + | 239 | 423 | 244 | 335 | 479 | 766 | 843 | 1,478 |
| Operating Profit > ⓘ | 23 | -24 | 7 | 32 | 87 | 191 | 234 | 345 |
| Operating Profit Margin (%) | 8.7% | -6.0% | 2.9% | 8.8% | 15.3% | 20.0% | 21.7% | 18.9% |
| Other Income > ⓘ + | 11 | 59 | 13 | 17 | 20 | 42 | 76 | 61 |
| Interest > ⓘ | 4 | 10 | 9 | 7 | 3 | 3 | 3 | 39 |
| Depreciation > ⓘ | 20 | 43 | 36 | 30 | 36 | 41 | 35 | 81 |
| Profit Before Tax > ⓘ | 9 | -18 | -25 | 11 | 67 | 189 | 272 | 252 |
| Tax > ⓘ | -2 | 2 | 4 | 2 | -1 | 43 | 63 | 58 |
| Profit After Tax | 11 | -20 | -29 | 8 | 68 | 145 | 209 | 194 |
| PAT Margin (%) | 4.2% | -5.0% | -11.4% | 2.3% | 12.1% | 15.2% | 19.4% | 10.7% |
| Adjusted EPS (₹) | 1.4 | -2.6 | -3.6 | 0.8 | 6.3 | 12.3 | 17.7 | 16.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 144 | 131 | 207 | 599 | 698 | 1,436 | 1,667 | 1,988 | |||
| Debt + | 24 | 101 | 98 | 0 | 0 | 0 | 0 | 683 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Payables | 19 | 39 | 24 | 42 | 82 | 80 | 98 | 238 | |||
| Others Liabilities ⓘ | 107 | 138 | 129 | 136 | 149 | 194 | 117 | 483 | |||
| Total Liabilities ⓘ | 295 | 408 | 459 | 777 | 930 | 1,710 | 1,882 | 3,392 | |||
Fixed Assets | |||||||||||
| Net 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 | |||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Receivables | 63 | 78 | 67 | 101 | 161 | 205 | 212 | 471 | |||
Cash Equivalents 
ⓘ
| 45 | 24 | 57 | 245 | 201 | 391 | 350 | 173 | |||
| Others Assets ⓘ | 40 | 45 | 37 | 44 | 30 | 569 | 653 | 320 | |||
| Total Assets ⓘ | 295 | 408 | 459 | 777 | 930 | 1,710 | 1,882 | 3,392 | |||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 36 | 19 | 21 | 17 | 52 | 152 | 120 | 234 |
| Cash Flow From Investing Activity ⓘ + | -3 | -112 | -82 | -295 | 13 | -568 | -45 | -1,282 |
| Cash Flow From Financing Activity ⓘ + | -6 | 73 | 93 | 240 | -2 | 581 | -2 | 836 |
| Net Cash Flow ⓘ | 27 | -20 | 32 | -38 | 63 | 165 | 73 | -212 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.65 | -14.6 | -16.9 | 2.09 | 10.54 | 13.63 | 13.47 | 10.64 | ||
| ROCE (%) | 8.15 | -3.76 | -5.02 | 3.61 | 10.65 | 17.75 | 17.57 | 12.63 | ||
| Asset Turnover Ratio | 0.89 | 1.13 | 0.58 | 0.59 | 0.66 | 0.72 | 0.6 | 0.69 | ||
| PAT to CFO Conversion(x) | 3.27 | N/A | N/A | 2.13 | 0.76 | 1.05 | 0.57 | 1.21 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 88.30 | 64.50 | 105.20 | 83.40 | 84.40 | 69.80 | 70.70 | 68.40 | ||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Top 5 Mutual Funds Holding
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Announcements
RateGain Travel Technologies Ltd FAQs
The current trading price of RateGain Travel Tech on 27-Aug-2026 16:59 is ₹919.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Aug-2026 the market cap of RateGain Travel Tech stood at ₹10,895 Cr
The latest P/E ratio of RateGain Travel Tech as of 26-Aug-2026 is 298.5.
The latest P/B ratio of RateGain Travel Tech as of 26-Aug-2026 is 7.71.
The 52-week high of RateGain Travel Tech is ₹1,052.7 and the 52-week low is ₹438.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RateGain Travel Tech is ₹258 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that RateGain Travel Technologies Ltd is a average quality company.
The key valuation ratios of RateGain Travel Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of RateGain Travel Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About RateGain Travel Technologies Ltd
Rategain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India. It offer travel and hospitality solutions across a wide spectrum of verticals including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. It is one of the largest aggregators of data points in the world for the hospitality and travel industry. It offer a suite of inter-connected products that manage the revenue creation value chain for its customers by leveraging its big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire more guests, retain them via personalized guest experiences and seek to maximize their margins.
In a highly fragmented landscape of travel technology providers, the company offers a platform that bridges the data gap across the hospitality and travel industry. It provide inter-operable products that leverage data across internal and external sources, unlock value through integration and enable better, faster and automated decision making. Its solutions help hospitality and travel and companies find the right guest, decide the right price, distribute it to the preferred channel of the guest and once converted, helps them have an exceptional experience.
Business area of the company
Rategain Travel Technologies is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.
Key awards, accreditations and recognition
- 2016: The company was awarded Deloitte’s 2016 Asia Pacific Technology Fast 500 Award.
- 2018: The company was awarded CSR Leadership award by UBS Forum.
- 2019: The company was awarded best Mobility Solution from Express IT Awards.
- 2019: The company featured in Deloitte Technology Fast 50 India Rankings by Deloitte Touche Tohmatsu India LLP.
- 2019: The company was awarded Best Technology Innovator of the Year Award from HSMAI Region Europe Awards.
- 2020: The company was awarded Most Innovative Start-up’ at the Economic Times Innovation Awards.
- 2020: The company was regional runner up in Asia in UNWTO’s Healing Solutions for Tourism Challenge.
- 2020: The company was awarded Most Disruptive Travel Tech for its Smart Distribution Product by BW Business World and BW Disrupt Techtors.
- 2020: The company featured in Deloitte Technology Fast 50 India Rankings published by Deloitte Touche Tohmatsu India LLP.
- 2021: The company was awarded ‘Award for leading HR Practices in Quality Work Life’ and ‘Diversity Impact Award’ by World HRD Congress.
Major events and milestones
- 2012: Incorporation of the Company.
- 2014: Wagner invested in the company through subscription of 84,516 Series A CCCPS and purchase of 105,645 equity shares of face value of Rs 10 by way of a Series A SSPA.
- 2014: Pursuant to demerger of RateGain IT Solutions Private Limited, the Hospitality and Travel Business of RateGain IT Solutions was vested into the company.
- 2018: RateGain US, one of its Subsidiaries has acquired the assets of DHISCO Electronic Distribution, Inc. and DHISCO, Inc., by entering into an Asset Purchase Agreement dated July 14, 2018.
- 2019: RateGain US, one of Subsidiaries has entered into an Agreement and Plan of Merger dated June 11, 2019 and indirectly acquired BCV Social LLC and its MarTech business
- 2020: Avataar invested in the company through subscription of total 63,808 Series B CCCPS of its Company in two tranches, by way of a Series B SSA.
- 2021: RateGain UK, one of its Subsidiaries has acquired Myhotelshop GmbH, by entering into a sale and purchase agreement dated September 10, 2021.
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