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Yatra Online Ltd (YATRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543992 NSE: YATRA Travel Services | Small Cap | Yatra Online Share Price

₹115.65 1.60 (1.40%)

As on 11-Sep'26 16:01

Yatra Online Ltd (YATRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543992 NSE: YATRA Travel Services | Small Cap | Yatra Online Share Price

₹115.65 1.60 (1.40%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹1,790 Cr.
Current Price
₹115.7
52-Week Low / High
₹89 / 202
TTM EPS
₹2
TTM Sales
₹985 Cr.
Book Value per Share
₹52.9
P/E Ratio
57.45
In line with its 3-year historical median
Industry PE
39.4
Price to Book (P/B)
2.15
In line with its 3-year historical median
Price to Sales (P/S)
1.82
Lower than its 5-year historical median
EV/EBITDA
18.82
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.80%
Underperforms industry median
Return on Capital Employed (ROCE)
7.03%
Underperforms industry median
Return on Assets (ROA)
3.53%
Operating Profit Margin
7.6%
Net Profit Margin
4.65%
Gross Profit Margin
9.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.74%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
71.27%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
28%
Asset Quality
Promoter Holding
62.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹815 Cr.
Equity
₹15.7 Cr.
Face Value
₹1
All Time Low / High
₹65.70 / 201.85

Yatra Online stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Yatra Online Ltd a good quality company?
Yatra Online Ltd is a weak quality company, based on a inconsistent 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 Yatra Online Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Yatra Online Ltd vs industry peers?
Yatra Online Ltd revenue CAGR is 48.21%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Yatra Online Ltd?
Promoters hold 62.66% of the Yatra Online Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Yatra Online Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -29.31% 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.
Yatra Online Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % -37.8%-98.9%-123.5%-23.4%-81.8%-27.8%7.8%-0.7%4.7%5.9%-
Value Creation
Index
-3.7-8.1-9.8-2.7-6.8-3.0-0.4-1.1-0.7-0.6-

Growth Parameters

Sales 67184355745988.9140258297607636653
Sales YoY Gr.-25.6%-33.9%-17.6%-80.7%57.4%84.7%15%104.3%4.7%-
Adj EPS -19.3-43.4-23.5-2-6.8-3-0.2-1.11.82.42
YoY Gr.-NANANANANANANANA37.1%-
BVPS (₹) 60.820.922.121.89.66.911.844.646.749.149.5
Adj Net
Profit
-163-372-241-20.8-75.7-33.3-2.1-17.827.537.632
Cash Flow from Ops. -95.5-128-289-76.55.2-3.6-117-204-0.384.1-
Debt/CF from Ops. -0-0.4-0.1-0.21.6-4.3-0.7-0.2-204.50.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -0.6%48.2%35%4.7%
Adj EPS NANANA37.1%
BVPS-2.3%38.7%60.8%5.1%
Share Price - - - -29%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-44.5-107.3-111-8.6-44.9-36.4-2-4.33.854.1
Op. Profit
Mgn %
-22.1-40.9-32.59.6-6.1-127.7-2.257.87.9
Net Profit
Mgn %
-24.3-44.2-43.2-4.5-85.1-23.8-0.8-64.55.94.9
Debt to
Equity
00.30.10.10.10.20.60.10.10-
Working Cap
Days
212209260273904589410521410465208
Cash Conv.
Cycle
-15-23-58-675-118-8011710679106

Valuation of Yatra Online - 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 *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8121,0818456731251983804227911,007
Operating Expenses + 9711,4121,014666148207344412747930
Manufacturing Costs336379367272721795413535
Material Costs0000000000
Employee Cost 2032802471667498109129148167
Other Costs 4327533992286789227189185228
Operating Profit -159-331-1698-22-937104476
Operating Profit Margin (%) -19.6%-30.6%-20.1%1.1%-17.9%-4.5%9.6%2.4%5.6%7.6%
Other Income + 18183060182117303230
Exceptional Items 000-52-45-7-000-4
Interest 11111318101023221013
Depreciation 23385362522818203141
Profit Before Tax -174-363-207-66-112-2912-13549
Tax 47547253-12
Profit After Tax -178-370-212-70-119-318-53747
PAT Margin (%) -21.9%-34.2%-25.1%-10.4%-94.8%-15.5%2.0%-1.1%4.6%4.7%
Adjusted EPS (₹)-21.0-43.1-20.8-6.4-10.7-2.80.7-0.32.33.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 39462210212123101170747784830
Share Capital 891011111111161616
Reserves 3865420020211290158732768815
Debt +2192981336133525470
Long Term Debt2192100241121
Short Term Debt000971235109415169
Minority Interest0000000000
Trade Payables262484440144100147139173227215
Others Liabilities 217526530414325263239244257218
Total Liabilities 8761,0921,1838685615476801,2161,3211,333

Fixed Assets

Net Fixed Assets +187268268236191157115123273278
Gross Block209327378454453444441468634675
Accumulated Depreciation2359110218261286326345361397
CWIP 17118324481023
Investments 0000000000
Inventories0000000000
Trade Receivables19339048424598194271450545535
Cash Equivalents 601711351291471281024029991
Others Assets 41925228725612464188233394406
Total Assets 8761,0921,1838685615476801,2161,3211,333
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -136-80-406-43104-83-153-142-8976
PBT -174-363-207-66-112-2912-13549
Adjustment 8219710993101362441226
Changes in Working Capital -3996-284-6692-93-177-136-1388
Tax Paid -5-10-24-4233-13-103-6
Cash Flow From Investing Activity + -238120-6413-21-8-17-23494-45
Capex -47-60-41-17-7-10-14-26-29-45
Net Investments -193178-2428-17-1-3-212235-8
Others 11123214-1138
Cash Flow From Financing Activity + 4047035532620138466-102-54
Net Proceeds from Shares 41939391453086260200
Net Proceeds from Borrowing -1039-26-19-100000
Interest Paid -5-8-10-16-9-0-13-19-7-10
Dividend Paid 0000000000
Others 00021-141289-116-95-45
Net Cash Flow 29110-115189-72-3190-97-23
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-71.5-162.01-155.87-33.08-70.77-27.445.64-0.984.785.8
ROCE (%)-63.45-139.55-87.16-14.76-45.58-14.1415.493.75.57.03
Asset Turnover Ratio1.151.10.740.660.180.360.620.450.620.76
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A-19.13N/A-2.411.62
Working Capital Days
Receivable Days72.9098.40188.80197.60497.80268.60223.30311.70229.60195.90
Inventory Days0000000000
Payable Days0000000000

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Yatra Online Ltd FAQs

The current trading price of Yatra Online on 11-Sep-2026 16:01 is ₹115.7.

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 10-Sep-2026 the market cap of Yatra Online stood at ₹1,789.6 Cr

The latest P/E ratio of Yatra Online as of 10-Sep-2026 is 56.33.

The latest P/B ratio of Yatra Online as of 10-Sep-2026 is 2.30.

The 52-week high of Yatra Online is ₹201.8 and the 52-week low is ₹89.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Yatra Online is ₹653 ( Cr.) .

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

The key valuation ratios of Yatra Online 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 Semi Strong which suggest that the price of Yatra Online Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Yatra Online Ltd

The company was originally incorporated as ‘Yatra Online Private Limited’ on December 28, 2005, at Mumbai, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. The company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the extraordinary general meeting held on October 25, 2021 and the name of the company was changed to ‘Yatra Online Limited’. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Maharashtra at Mumbai on November 11, 2021.

The company is India’s largest corporate travel services provider in terms of number of corporate clients and the third largest online travel company in India among key OTA players in terms of gross booking revenue and operating revenue, for Fiscal Year 2023. The company is the leading corporate travel service provider in India with 813 large corporate customers and over 49,800 registered SME customers and the third largest consumer online travel company (OTC) in the country in terms of gross booking revenue for Fiscal 2023. The company’s go-to-market strategy spans the entire value chain of travel and hospitality covering B2C (business to consumer) and B2B (business to business which includes business to enterprise and business to agents). The combination of its B2C and B2B channels enable it to target India’s most frequent and high spending travellers, namely, educated urban consumers, in a cost-effective manner. 

Leisure and business travellers use the company’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. It also provide access through its platform to hotels, homestays and other accommodations, with about 105,600 hotels in 1,490 cities and towns in India, as on Fiscal 2023 and more than two million hotels globally, which is the highest hotel inventory amongst key Indian OTA players. To ensure that its service is a “one-stop shop” for travellers, it also provide its customers with access to holiday packages and other activities such as visa facilitation, tours, sightseeing, shows, and events.

Business area of the company

The company provides domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings, and ancillary services within India, hotels, homestays, and other accommodations bookings.

Key Awards, Accreditations and Recognition:

  • 2011: Won the ‘Best Travel Website’ award by the Internet and Mobile Association of India.
  • 2011: Won the ‘Most Preferred Travel Portal’ award by CNBC Awaaz Travel Awards.
  • 2011: Won the ‘Most Outstanding Online Travel Portal’ award at the Travel and Hospitality Awards.
  • 2012: Won the ‘Best Travel Portal’ award by CNBC Awaaz Travel Awards.
  • 2012: Won the National Tourism Award for the ‘Best Domestic Tour Operator (Jammu & Kashmir)’.
  • 2014: Won the ‘Most Outstanding Online Travel Company (B2C)’ award at the Travel and Hospitality Awards.
  • 2015: Won the National Tourism Award for the ‘Best Domestic Tour Operator’.
  • 2017: Won the National Tourism Award for the ‘Best Domestic Tour Operator (Rest of India)’.
  • 2022: Won the “Best Email Marketing Campaign” award at the Digital Dragons Awards organised by the Indian Business Council.
  • 2022: Recognized as one of the “Best Brands of 2022” at the 5th edition of the Best Brands conclave held by the Economic Times.
  • 2022: Won the “Top business travel partner” award from Singapore Tourism board.

Major events and milestones:

  • 2006: Commenced operations with the launch of website, www.yatra.com.
  • 2007: Launched first mobile offering on SMS.
  • 2010: Launched India's first 'online ticket cancellation' service.
  • 2010: Acquired ticket-consolidator Travel Services International (TSI).
  • 2010: Launched Cash on Delivery services.
  • 2011: Acquired Magicrooms.
  • 2012: Acquired Buzzintown.
  • 2012: Launched a co-branded credit card with SBI.
  • 2012: Acquired a 100% stake in Travelguru.com.
  • 2013: Launched its corporate travel business.
  • 2014: Launched loyalty rewards program, eCash.
  • 2015: Diversified scope to include homestays.
  • 2016: Launched ‘Yatra mini’ to cater to low-bandwidth markets.
  • 2016: Entered into partnership with Uber.
  • 2016: Launched the industry’s first voice-search feature.
  • 2016: Publicly listed on NASDAQ under the symbol ‘YTRA’.
  • 2017: Acquired Yatra For Business Private Limited (Formerly known as Air Travel Bureau Private Limited).
  • 2017: Launched industry’s first android Smart Watch wear app.
  • 2018: Launched YUVA - Universal Virtual Assistant.
  • 2018: Partnered with Agoda to offer Indian hotels to international traveller.
  • 2019: Acquired TCIL, the corporate division of PL Worldways.
  • 2020: Entered into partnership with Zaggle to offer expense management solutions.
  • 2020: Launched freight business.
  • 2023: Bangalore metro went live on app enabling Bangalore commuters to use the Yatra app to book their metro tickets.
  • 2023: Launch of Yatra Prime which provides additional features like zero cancellation fees, bank offers, special fares etc. on domestic flights to its subscribers.
  • 2023: Partnered with Delhi Capitals Women's Premier League as one of the associate sponsors.


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