MoneyWorks4Me

Le Travenues Technology Ltd (IXIGO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544192 NSE: IXIGO Travel Services | Small Cap | Le Travenues Techno Share Price

₹157 -2.30 (-1.44%)

As on 25-Sep'26 16:59

Le Travenues Technology Ltd (IXIGO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544192 NSE: IXIGO Travel Services | Small Cap | Le Travenues Techno Share Price

₹157 -2.30 (-1.44%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,026 Cr.
Current Price
₹157
52-Week Low / High
₹147 / 339
TTM EPS
₹1.9
TTM Sales
₹1,265 Cr.
Book Value per Share
₹45.6
P/E Ratio
82.14
Lower than its 5-year historical median
Industry PE
38.8
Price to Book (P/B)
3.49
Lower than its 5-year historical median
Price to Sales (P/S)
5.55
Lower than its 5-year historical median
EV/EBITDA
46.77
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.55%
Underperforms industry median
Return on Capital Employed (ROCE)
6.67%
Underperforms industry median
Return on Assets (ROA)
4.18%
Operating Profit Margin
6%
Net Profit Margin
5.82%
Gross Profit Margin
7.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
32.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.96%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.64%
Asset Quality
Promoter Holding
0.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,968 Cr.
Equity
₹44.1 Cr.
Face Value
₹1
All Time Low / High
₹118.65 / 339.05

Le Travenues Technology stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Le Travenues Technology Ltd a good quality company?
Le Travenues Technology 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 Le Travenues Technology Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Le Travenues Technology Ltd vs industry peers?
Le Travenues Technology Ltd revenue CAGR is 55.39%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Le Travenues Technology Ltd?
Promoters hold 0.00% of the Le Travenues Technology Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Le Travenues Technology Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -43.78% based on the current price.

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 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.
Le Travenues Technology 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ0%0%0%-365%18.2%-14.6%6%10.4%15.7%8.8%-
Value Creation
Index ⓘ
NANANANA0.4-2.1-0.6-0.30.2-0.4-

Growth Parameters ⓘ

Sales ⓘ0001101212535016539111,2081,227
Sales YoY Gr.-NANANA10.1%109.7%97.8%30.2%39.5%32.6%-
Adj EPS ⓘ000-1.60.4-0.90.81.41.62.12.5
YoY Gr.-NANANANA-309.3%NA62.7%14.8%35.5%-
BVPS (₹) ⓘ000-13.1-12.410.19.310.41545.345.7
Adj Net
Profit ⓘ
000-28.27.5-33.230.750.360.492.1108
Cash Flow from Ops. ⓘ00036.8-14.7-39.541.139120176-
Debt/CF from Ops. ⓘ0006.3-1-0.1010.30.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA58.5%34.1%32.6%
Adj EPS ⓘNA37.3%36.3%35.5%
BVPSⓘNANA69.5%201.5%
Share Price - - - -43.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
00012.5-7.3-16.98.212.511.56.95.4
Op. Profit
Mgn % ⓘ
000-23.32.1-12.45.878.97.46.6
Net Profit
Mgn % ⓘ
000-25.76.2-13.16.17.76.67.68.8
Debt to
Equity ⓘ
000-10.8000.10.10-
Working Cap
Days ⓘ
00007569596458137129
Cash Conv.
Cycle ⓘ
0000-31-19-26-22-28-3483

Valuation of Le Travenues Techno - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales401121363805016569141,228
Operating Expenses ⓘ + 941361323924736128331,155
Manufacturing Costs0915707689157211
Material Costs00000000
Employee Cost 30343595126141164220
Other Costs ⓘ 649283227271382513724
Operating Profit ⓘ -54-243-1228448173
Operating Profit Margin (%) -133.0%-21.9%2.4%-3.2%5.7%6.7%8.8%5.9%
Other Income ⓘ + 21351791847
Exceptional Items ⓘ 0000-13305-3
Interest ⓘ 21231323
Depreciation ⓘ 422811131015
Profit Before Tax ⓘ -57-273-1821618289
Tax ⓘ 00-53-3-122117
Profit After Tax -57-278-2123736071
PAT Margin (%) -142.0%-23.9%5.6%-5.6%4.7%11.1%6.6%5.8%
Adjusted EPS (₹)-3.3-1.60.4-0.70.62.01.51.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + -199-225303433444066001,973
Share Capital ⓘ 0.040.04232.6136.9837.1237.3039.0143.82
Reserves ⓘ -199-225-2033063073695611,929
Debt +2162331031403225
Long Term Debt2132331000000
Short Term Debt30031403225
Minority Interest000013031
Trade Payables262820453657103192
Others Liabilities ⓘ 1835121148176103158335
Total Liabilities ⓘ 60701805385706068972,527

Fixed Assets

Net Fixed Assets ⓘ +86100289292271286512
Gross Block1211106300309296318558
Accumulated Depreciation4461217253246
CWIP ⓘ 000080015
Investments ⓘ 6122404886119546
Inventories00000000
Trade Receivables22426912283747
Cash Equivalents 832311059380279450
Others Assets ⓘ 15162196118142175957
Total Assets ⓘ 60701805385706068972,527
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -4234-15-343143122196
PBT ⓘ -57-273-1821618289
Adjustment ⓘ 192462424-61634
Changes in Working Capital ⓘ -339-23-35-8-133179
Tax Paid ⓘ -1-2-1-6-61-6-6
Cash Flow From Investing Activity ⓘ + 48-5-10-22222-45-203-1,211
Capex -0-1-0-2-5-7-4-20
Net Investments 48-51-11154-39-193-1,218
Others ⓘ 00-11-109-272-627
Cash Flow From Financing Activity ⓘ + -1-214258-2-461041,287
Net Proceeds from Shares ⓘ 000276001121,297
Net Proceeds from Borrowing ⓘ 00000000
Interest Paid ⓘ -0-0-1-2-0-1-1-1
Dividend Paid ⓘ 00000000
Others ⓘ -1-214-16-2-46-6-9
Net Cash Flow ⓘ 527-12251-4823271
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)N/AN/A0-30.136.8119.4811.975.55
ROCE (%)N/AN/A16.25-7.586.0114.8714.596.67
Asset Turnover Ratio1.882.351.081.261.161.411.590.95
PAT to CFO Conversion(x)N/AN/A-1.88N/A1.350.592.032.76
Working Capital Days
Receivable Days70.7031.2041.2014.105.808.709.909.30
Inventory Days00000000
Payable Days00000000

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Le Travenues Technology Ltd FAQs

The current trading price of Le Travenues Techno on 25-Sep-2026 16:59 is ₹157.0.

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 24-Sep-2026 the market cap of Le Travenues Techno stood at ₹7,026.5 Cr

The latest P/E ratio of Le Travenues Techno as of 24-Sep-2026 is 65.05.

The latest P/B ratio of Le Travenues Techno as of 24-Sep-2026 is 3.48.

The 52-week high of Le Travenues Techno is ₹339.1 and the 52-week low is ₹147.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Le Travenues Techno is ₹1,227 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Le Travenues Technology Ltd is a average quality company.

The key valuation ratios of Le Travenues Technology 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 Le Travenues Technology Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Le Travenues Technology Ltd

The company was incorporated on June 3, 2006 as a private limited company under the Companies Act 1956, with the name ‘Le Travenues Technology Private Limited’, pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi. Further to the conversion of the Company to a public limited company and as approved by the company’s Shareholders pursuant to a special resolution dated July 29, 2021, the name of the company was changed to ‘Le Travenues Technology Limited’ and the Registrar of Companies, Delhi and Haryana (RoC) issued a fresh certificate of incorporation on August 3, 2021.

The company is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. Its vision is to become the most customer-centric travel company, by offering the best customer experience to its users. Its focus on travel utility and customer experience for travellers in the ‘next billion user’ market segment is driven by technology, cost-efficiency and its culture of innovation. Its OTA platforms allow travellers to book train tickets, flight tickets, bus tickets and hotels, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternate route or mode planning, flight status updates, automated web check-in, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel itinerary planner and automated customer support services.

The company is the leading OTA for the ‘next billion users’, with its focus on localized content and app features that aim at solving problems of Tier II/ Tier III travellers. It has significant penetration in the ‘next billion user’ market. ‘Next billion users’ refers to an existing as well as anticipated market of ‘new to Internet’ users that includes all non-Tier I market demand i.e., all travel demand originating from and/or concluding in Tier II, III and rural areas in India as well as ‘new to Internet’ users emerging from middle and lower income groups of Tier I cities. 

Business area of the company

The company is an online travel agency (OTA) that enables travellers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name ‘ixigo’. The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support. 

Key awards, accreditations and recognition

  • 2007: Recognised in the ‘100 IT Innovators List’ in the Market Facing Innovation – Startup Category by NASSCOM.
  • 2009: Received a certificate of appreciation for being the finalist at the Manthan Award South Asia 2009 for e-business and commerce category.
  • 2010: Recognised for outstanding work in the Emerge 50 Start-up Category by NASSCOM.
  • 2010: Awarded the ‘Entrepreneurial Excellence Award 2010’ by TIE Delhi - Lumis Partners.
  • 2013: Awarded the ‘Best Mobile Application/Content: Travel’ at MOBBY’s Awards for Excellence in Mobile Entertainment and Technology.
  • 2013: Awarded the ‘Best Applications/Content Development Platform: Android’ at MOBBY’s Award for ixigo trains app.
  • 2013: Recognised among the ‘Top 15 Awesome Startup Workplaces in India’ by Yourstory.in.
  • 2014: Received certificate of recognition for creating an intuitive automated application for updates on train and flight status, for ‘ixigo PNR status’, at the mBilionth Award South Asia.
  • 2014: Awarded ‘Animation Silver’ for Content Marketing Strategy at the DMAI Awards.
  • 2014: Awarded under the Best App developed/Product/Services/Corporate/Films/TV Shows category at the Indian Digital Media Awards 2014 for ‘ixigo PNR status’.
  • 2015: Received certificate of recognition for being a mobile based comprehensive travel application that provides all the information that a traveller needs to plan a trip at the mBillionth Awards South Asia.
  • 2015: Awarded the ‘Social, CRM & Loyalty: Social’ for Travel Hacks – Viral Marketing Campaign for website, www.ixigo.com at the Marketing Innovation Awards by DMAI.
  • 2017: Awarded People’s Choice Runner-up award for ‘Travel Innovation’ under the Launch Competition by Phocuswright Innovation.
  • 2018: Awarded the ‘Best UI/UX App’ at the India App Summit Awards.
  • 2018: Received a certificate of recognition for ‘FT 1000 High-Growth Companies Asia-Pacific 2018’ by Financial Times and Statista.
  • 2019: Awarded the ‘Travel and Tourism Business of the Year’ at the Small Business Awards.
  • 2019: Awarded the ‘Best Small Budget Marketing Campaign’ at the ET Brand Equity Shark Awards – for the campaign ‘Hotel Etiquette - Stuff you can take from hotels.
  • 2020: Featured in the ‘Economic Times - India’s Growth Champions 2020’.
  • 2020: Awarded the ‘New Code of Work Awards’ for Mid-Size Enterprise by Wheebox and PeopleStrong.
  • 2021: Awarded ‘Silver Digital Content Award’ for the In-house Content Campaign at the 11th India Digital Awards, presented by IAMAI.
  • 2022: Awarded the ‘2022 DMA Asia Echo Award’ for ixigo’s marketing campaign ‘Project COV-ERALL’.
  • 2023: Awarded the ‘e-commerce platform of the year’ for travel and hospitality at the ET Retail eDNA Awards.
  • 2023: Awarded the ‘pride of India brands – the best of north awards 2023’ by Exchange4media.
  • 2023: Awarded the ‘gold award’ for travel and tourism at the ET Brand Equity Awards.
  • 2024: Awarded the ‘meaningful brand’ at TiE – Havas Meaningful Brands Awards.

Major events and milestones

  • 2007: Launched meta-search website for flights.
  • 2008: Launched meta-search website for hotels.
  • 2011: Launched ixigo flights app.
  • 2012: Launched a trip planner.
  • 2013: Launched the ixigo-trains mobile application for android.
  • 2014: Launched first train utility features on the ixigo-trains mobile application.
  • 2017: Launched train bookings.
  • 2017: Unveiled TARA, an artificial intelligence driven personal travel assistant.
  • 2017: Launched ‘ixigo money’.
  • 2017: Launched bus bookings.
  • 2019: Transition from meta-search model to OTA model.
  • 2020: Launched ‘ixigo assured’.
  • 2020: Started a help center and launched an updated version of TARA.
  • 2021: Acquired 83.68% of the issued, subscribed and paid-up equity share capital of erstwhile subsidiary, Confirm Ticket.
  • 2012: Acquired the business of AbhiBus on a slump sale basis.
  • 2022: Acquired additional 6.40% of the issued, subscribed and paid-up equity share capital of erstwhile subsidiary, Confirm Ticket.
  • 2022: Acquired 53.22% of the issued, subscribed and paid-up equity share capital of FreshBus.
  • 2023: Launched co-branded travel credit card in association with AU Small Finance Bank.
  • 2023: Launched ‘ixigo assured’ for international travel.
  • 2023: Launched ‘ixigo plan’ generative AI trip planner.
  • 2023: Launched hotel bookings on website.
  • 2023: Launched ‘ixigo assured flex’ for flights and train.
  • 2024: Amalgamation between the company and erstwhile subsidiary, Confirm Ticket pursuant to the Scheme of Amalgamation. 


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