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BSE: 543417 | NSE: RATEGAIN | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that RateGain Travel Technologies Ltd is a below 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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RateGain Travel Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.6% | 9.4% | 5.1% | 2.7% | 0.9% | 1.4% | - |
| Value Creation Index ⓘ | -0.7 | -0.3 | -0.6 | -0.8 | -0.9 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 77.5 | 87.7 | 89.8 | 67.9 | 72.7 | 113 | 156 |
| Sales YoY Gr. | - | 13.2% | 2.4% | -24.4% | 7.1% | 55.7% | - |
| Adj EPS ⓘ | 0.7 | 1.4 | 0.8 | 0.6 | 0.3 | 0.7 | 2.1 |
| YoY Gr. | - | 107.5% | -46% | -17.3% | -56.5% | 151.9% | - |
| BVPS (₹) ⓘ | 13.7 | 15 | 16.2 | 29.9 | 58 | 59.6 | 109.2 |
| Adj Net Profit ⓘ | 5.3 | 10.9 | 5.9 | 4.9 | 2.9 | 7.3 | 24 |
| Cash Flow from Ops. ⓘ | 7 | -1 | 6.9 | 5 | 18.1 | -19.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 7.9% | 8.1% | 55.7% | ||||
| Adj EPS ⓘ | NA | 0.3% | -3.2% | 151.9% | ||||
| BVPSⓘ | NA | 34.2% | 54.4% | 2.8% | ||||
| Share Price | - | - | - | 85% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.6 | 9.3 | 4.6 | 2.4 | 0.6 | 1.1 | 2.4 |
| Op. Profit Mgn % ⓘ | 10.3 | -4.3 | -3.1 | -5.9 | -29.4 | -5.2 | 1.3 |
| Net Profit Mgn % ⓘ | 6.8 | 12.5 | 6.5 | 7.2 | 4 | 6.5 | 15.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 97 | 126 | 304 | 520 | 615 | 591 |
| Cash Conv. Cycle ⓘ | 0 | 39 | 36 | 50 | 15 | 4 | 564 |
Return on Equity has increased versus last 3 years average to 2.40%
Sales growth is good in last 4 quarters at 56.03%
Sales growth has been subdued in last 3 years 8.05%
Net Profit has been subdued in last 3 years -3.21%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 11 |
| TTM Sales (₹ Cr.) | 156 | 884 |
| BVPS (₹.) ⓘ | 109.2 | 119.8 |
| Reserves (₹ Cr.) ⓘ | 1,275 | 1,399 |
| P/BV ⓘ | 6.03 | 5.50 |
| PE ⓘ | 320.11 | 60.11 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 345.05 / 921.10 |
| All Time Low / High (₹) | 236.05 / 921.10 |
| Market Cap (₹ Cr.) | 7,763 |
| Equity (₹ Cr.) | 11.8 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 31.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Sales | 77 | 88 | 90 | 68 | 73 | 113 |
| Operating Expenses ⓘ | 70 | 92 | 93 | 73 | 95 | 122 |
| Manufacturing Costs | 3 | 5 | 6 | 1 | 5 | 10 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 51 | 67 | 67 | 59 | 77 | 90 |
| Other Costs ⓘ | 17 | 21 | 20 | 13 | 13 | 22 |
| Operating Profit ⓘ | 8 | -5 | -3 | -5 | -22 | -8 |
| Operating Profit Margin (%) | 9.7% | -5.2% | -3.1% | -7.6% | -30.2% | -7.3% |
| Other Income ⓘ | 3 | 19 | 15 | 17 | 31 | 22 |
| Interest ⓘ | 0 | 0 | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 3 | 3 | 5 | 5 | 4 | 3 |
| Exceptional Items ⓘ | -1 | 0 | 0 | 0 | -1 | 0 |
| Profit Before Tax ⓘ | 6 | 11 | 7 | 6 | 3 | 8 |
| Tax ⓘ | 2 | 1 | 0 | 2 | 1 | 3 |
| Profit After Tax | 5 | 10 | 6 | 4 | 2 | 6 |
| PAT Margin (%) | 5.8% | 11.8% | 7.1% | 6.0% | 2.5% | 5.1% |
| Adjusted EPS (₹) | 0.6 | 1.3 | 0.8 | 0.5 | 0.2 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 108 | 118 | 128 | 235 | 623 | 646 | ||||
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 11 | 11 | ||||
| Reserves ⓘ | 107 | 117 | 127 | 234 | 612 | 635 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 1 | 3 | 6 | 6 | 22 | 5 | ||||
| Others Liabilities ⓘ | 18 | 35 | 43 | 76 | 79 | 71 | ||||
| Total Liabilities ⓘ | 127 | 156 | 176 | 317 | 724 | 722 | ||||
Fixed Assets | ||||||||||
| Gross Block | 16 | 16 | 30 | 30 | 39 | 40 | ||||
| Accumulated Depreciation | 7 | 10 | 16 | 21 | 21 | 24 | ||||
| Net Fixed Assetsⓘ | 8 | 6 | 14 | 9 | 18 | 16 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | ||||
| Investmentsⓘ | 96 | 110 | 123 | 214 | 360 | 336 | ||||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Receivables | 8 | 15 | 12 | 18 | 11 | 21 | ||||
Cash Equivalents  ⓘ
| 7 | 8 | 8 | 11 | 220 | 112 | ||||
| Others Assetsⓘ | 8 | 15 | 19 | 63 | 115 | 235 | ||||
| Total Assets ⓘ | 127 | 156 | 176 | 317 | 724 | 722 | ||||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | -1 | 7 | 5 | 18 | -19 |
| PBT ⓘ | 6 | 11 | 7 | 6 | 3 | 8 |
| Adjustment ⓘ | 4 | -13 | 6 | 6 | 2 | -14 |
| Changes in Working Capital ⓘ | 1 | 3 | -5 | -8 | 16 | -11 |
| Tax Paid ⓘ | -5 | -2 | -1 | 0 | -2 | -3 |
| Cash Flow From Investing Activity ⓘ | -7 | 1 | -3 | -103 | -375 | 21 |
| Capex | -6 | -2 | -4 | 0 | -1 | -2 |
| Net Investments | -2 | 75 | 0 | -81 | -349 | 135 |
| Others ⓘ | 0 | -73 | 0 | -22 | -25 | -111 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | -2 | 101 | 358 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 378 | 2 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -2 | 102 | -19 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | 2 | 3 | 1 | 2 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.18 | 9.18 | 5.17 | 2.26 | 0.42 | 0.9 | ||||
| ROCE (%) | 5.66 | 9.53 | 5.88 | 3.5 | 0.93 | 1.59 | ||||
| Asset Turnover Ratio | 0.61 | 0.62 | 0.54 | 0.28 | 0.14 | 0.16 | ||||
| PAT to CFO Conversion(x) | 1.4 | -0.1 | 1.17 | 1.25 | 9 | -3.17 | Working Capital Days | |||
| Receivable Days | 38 | 49 | 55 | 82 | 74 | 51 | ||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
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
Major events and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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