RateGain Travel Technologies Ltd - Stock Valuation and Financial Performance

BSE: 543417 | NSE: RATEGAIN | IT - Software | Small Cap

RateGain Travel Share Price

677.65 -4.85 -0.71%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on RateGain Travel

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

RateGain Travel Technologies stock performance -

mw4me loader
P/E Ratio (SA):
331.65
Market Cap:
8,043.2 Cr.
52-wk low:
345.1
52-wk high:
921.1

Is RateGain Travel Technologies Ltd an attractive stock to invest in?

1. Is RateGain Travel Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that RateGain Travel Technologies Ltd is a below average quality company.

2. Is RateGain Travel Technologies Ltd undervalued or overvalued?

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.

3. Is RateGain Travel Technologies Ltd a good buy now?

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.

10 Year X-Ray of RateGain Travel:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
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 77.587.789.867.972.7113156
Sales YoY Gr.-13.2%2.4%-24.4%7.1%55.7%-
Adj EPS 0.71.40.80.60.30.72.1
YoY Gr.-107.5%-46%-17.3%-56.5%151.9%-
BVPS (₹) 13.71516.229.95859.6109.2
Adj Net
Profit
5.310.95.94.92.97.324
Cash Flow from Ops. 7-16.9518.1-19.4-
Debt/CF from Ops. 000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA7.9%8.1%55.7%
Adj EPS NA0.3%-3.2%151.9%
BVPSNA34.2%54.4%2.8%
Share Price - - - 94.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.69.34.62.40.61.12.4
Op. Profit
Mgn %
10.3-4.3-3.1-5.9-29.4-5.21.3
Net Profit
Mgn %
6.812.56.57.246.515.6
Debt to
Equity
000000-
Working Cap
Days
097126304520615591
Cash Conv.
Cycle
0393650154564

Recent Performance Summary

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%

Latest Financials - RateGain Travel Technologies Ltd.

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 6.25 5.70
PE 331.65 62.27
From the Market
52 Week Low / High (₹) 345.05 / 921.10
All Time Low / High (₹) 236.05 / 921.10
Market Cap (₹ Cr.) 8,043
Equity (₹ Cr.) 11.8
Face Value (₹) 1
Industry PE 34.2

Management X-Ray of RateGain Travel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of RateGain Travel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7788906873113
Operating Expenses 7092937395122
Manufacturing Costs3561510
Material Costs000000
Employee Cost 516767597790
Other Costs 172120131322
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 31915173122
Interest 001112
Depreciation 335543
Exceptional Items -1000-10
Profit Before Tax 6117638
Tax 210213
Profit After Tax 5106426
PAT Margin (%) 5.8%11.8%7.1%6.0%2.5%5.1%
Adjusted EPS (₹)0.61.30.80.50.20.5
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 108118128235623646
Share Capital 11111111
Reserves 107117127234612635
Minority Interest000000
Debt000000
Long Term Debt000000
Short Term Debt000000
Trade Payables1366225
Others Liabilities 183543767971
Total Liabilities 127156176317724722

Fixed Assets

Gross Block161630303940
Accumulated Depreciation71016212124
Net Fixed Assets861491816
CWIP 000001
Investments 96110123214360336
Inventories000000
Trade Receivables81512181121
Cash Equivalents 78811220112
Others Assets8151963115235
Total Assets 127156176317724722

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7-17518-19
PBT 6117638
Adjustment 4-13662-14
Changes in Working Capital 13-5-816-11
Tax Paid -5-2-10-2-3
Cash Flow From Investing Activity -71-3-103-37521
Capex -6-2-40-1-2
Net Investments -2750-81-349135
Others 0-730-22-25-111
Cash Flow From Financing Activity 00-21013580
Net Proceeds from Shares 00003782
Net Proceeds from Borrowing 000000
Interest Paid 00-1-1-1-1
Dividend Paid 000000
Others 00-2102-19-1
Net Cash Flow 002312
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.189.185.172.260.420.9
ROCE (%)5.669.535.883.50.931.59
Asset Turnover Ratio0.610.620.540.280.140.16
PAT to CFO Conversion(x)1.4-0.11.171.259-3.17
Working Capital Days
Receivable Days384955827451
Inventory Days000000
Payable Days000000

RateGain Travel Technologies Ltd Stock News

RateGain Travel Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of RateGain Travel on 12-Apr-2024 10:20 is ₹677.6.
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 12-Apr-2024 10:20 the market cap of RateGain Travel stood at ₹8,043.2.
The latest P/E ratio of RateGain Travel as of 12-Apr-2024 10:20 is 331.6.
The latest P/B ratio of RateGain Travel as of 12-Apr-2024 10:20 is 6.25.
The 52-week high of RateGain Travel is ₹921.1 and the 52-week low is ₹345.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RateGain Travel is ₹155.9 ( Cr.) .

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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