RateGain Travel Technologies Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Marketing Technology: 69.1% • Data as a Service: 20.2% • Distribution: 10.7%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Latest quarter profit grew 102.2% YoY, showing strong momentum
- Company has delivered good sales growth of 48.7% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.92x)
- Working capital cycle has improved - days down from 415 to 56
- Company comfortably covers its interest (7.4x coverage)
CONS
- Receivables are growing faster than sales - a possible quality concern
- Contingent liabilities are large at 67.5% of net worth
- Valuation is stretched - P/E of 42.9 is well above its own 5-year median (26.7)
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2202.00 | 16.00 | 796702.87 | 5.00 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1038.20 | 13.91 | 421325.69 | 4.62 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1207.00 | 18.80 | 327539.38 | 4.47 | 4626.00 | 20.34 | 34579.00 | 13.94 | 31.20 | 19.87 |
| WIPRO | 167.50 | 12.55 | 165902.38 | 6.57 | 3356.30 | 0.59 | 24478.60 | 10.59 | 18.49 | 18.93 |
| TECHM | 1539.50 | 29.38 | 150891.59 | 3.31 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4301.15 | 24.39 | 127581.28 | 1.74 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 11760.00 | 30.01 | 102409.76 | 3.40 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5537.45 | 45.42 | 87353.27 | 0.72 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1847.40 | 46.58 | 81835.77 | 0.86 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2294.10 | 22.92 | 43790.98 | 2.70 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3334.95 | 26.80 | 35379.24 | 1.74 | 357.10 | 12.97 | 2940.10 | 11.47 | 27.70 | 18.65 |
| RATEGAIN | 878.00 | 42.94 | 10407.19 | 0.00 | 949.10 | 1922.29 | 7850.12 | 2776.40 | 12.63 | 21.85 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 214 | 235 | 252 | 256 | 260 | 277 | 279 | 261 | 273 | 295 | 540 | 716 | 785 | |
| 177 | 188 | 201 | 202 | 210 | 217 | 217 | 200 | 223 | 241 | 453 | 569 | 668 | |
| Operating Profit | 38 | 46 | 51 | 54 | 50 | 60 | 61 | 61 | 50 | 54 | 87 | 147 | 117 |
| OPM % | 17.62% | 19.77% | 20.34% | 21.21% | 19.14% | 21.72% | 22.06% | 23.24% | 18.20% | 18.18% | 16.13% | 20.55% | 14.96% |
| 6 | 4 | 11 | 21 | 18 | 17 | 20 | 20 | 21 | 22 | -18 | 3 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 18 | 17 |
| Depreciation | 11 | 10 | 10 | 10 | 9 | 9 | 8 | 8 | 9 | 9 | 28 | 35 | 38 |
| Profit before Tax | 32 | 39 | 52 | 65 | 58 | 68 | 73 | 72 | 61 | 66 | 29 | 96 | 121 |
| Tax % | 22.45% | 23.55% | 22.30% | 23.58% | 22.08% | 23.80% | 22.69% | 24.27% | 23.48% | 22.16% | 8.51% | 27.23% | 21.27% |
| Net Profit | 0 | 0 | 0 | 0 | 45 | 52 | 57 | 55 | 47 | 51 | 26 | 70 | 95 |
| 2.30 | 2.77 | 3.59 | 4.25 | 3.85 | 4.43 | 4.80 | 4.65 | 3.98 | 4.32 | 2.24 | 5.93 | 8.03 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 262 | 399 | 251 | 367 | 565 | 957 | 1,077 | 1,824 | 2,336 | |
| 239 | 423 | 244 | 335 | 479 | 766 | 843 | 1,478 | 1,930 | |
| Operating Profit | 23 | -24 | 7 | 32 | 87 | 191 | 234 | 345 | 405 |
| OPM % | 8.70% | -6.05% | 2.90% | 8.75% | 15.33% | 19.98% | 21.72% | 18.92% | 17.35% |
| 11 | 59 | 13 | 16 | 20 | 42 | 76 | 27 | 9 | |
| Interest | 4 | 10 | 9 | 7 | 3 | 3 | 3 | 39 | 48 |
| Depreciation | 20 | 43 | 36 | 30 | 36 | 41 | 35 | 81 | 110 |
| Profit before Tax | 9 | -18 | -25 | 11 | 67 | 189 | 272 | 252 | 311 |
| Tax % | -16.31% | -13.19% | -16.03% | 22.31% | -1.70% | 23.02% | 23.25% | 22.85% | 22.11% |
| Net Profit | 11 | -20 | -29 | 8 | 68 | 145 | 209 | 194 | 242 |
| EPS | 1.24 | -2.27 | -3.09 | 0.83 | 6.29 | 12.34 | 17.71 | 16.46 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 49%
- 3 Years:
- 48%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 42%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 17%
- 1 Year:
- 38%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 13%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 11 | 11 | 12 | 12 | 12 |
| 144 | 131 | 206 | 589 | 687 | 1,424 | 1,655 | 1,977 | |
| 46 | 139 | 101 | 20 | 29 | 18 | 13 | 726 | |
| Trade Payables | 19 | 39 | 24 | 42 | 82 | 80 | 98 | 238 |
| 85 | 99 | 127 | 116 | 120 | 177 | 103 | 439 | |
| Total Liabilities | 295 | 408 | 459 | 777 | 930 | 1,710 | 1,882 | 3,392 |
| 106 | 216 | 168 | 222 | 396 | 364 | 348 | 2,403 | |
| 41 | 45 | 129 | 165 | 140 | 179 | 319 | 25 | |
| 0 | 0 | 0 | 0 | 0 | 205 | 212 | 471 | |
| Cash & Bank | 45 | 24 | 57 | 245 | 201 | 391 | 350 | 173 |
| 103 | 123 | 104 | 145 | 192 | 571 | 653 | 320 | |
| Total Assets | 295 | 408 | 459 | 777 | 930 | 1,710 | 1,882 | 3,392 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 39 | 23 | 23 | 20 | 64 | 152 | 120 | 234 | |
| Cash from Investing | -3 | -112 | -82 | -295 | 13 | -568 | -45 | -1,282 |
| Cash from Financing | -6 | 73 | 93 | 240 | -2 | 581 | -2 | 836 |
| 27 | -20 | 32 | -38 | 63 | 165 | 73 | -212 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Rategain Travel Technologies Limited has informed the Exchange regarding a press release dated September 10, 2026, titled "Press Release on RateGain s UNO Channel Manager Wins Trip.com Favoured ConnectivityPartner Recognition for the Third Consecutive Year ".
2026-09-03 - Rategain Travel Technologies Limited has informed the Exchange regarding allotment of 69870 securities pursuant to ESOP/ESPS at its meeting held on September 03, 2026
2026-08-27 - Rategain Travel Technologies Limited has informed the Exchange regarding a press release dated August 27, 2026, titled "Press Release on RateGain Recognized for Building Future-Ready Skills at People Matters Infini-T Awards India 2026 ".
2026-08-25 - Rategain Travel Technologies Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-24 - Rategain Travel Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-24 - Rategain Travel Technologies Limited has informed the Exchange regarding a press release dated August 24, 2026, titled "Appointment of New CHRO".
2026-08-24 - Rategain Travel Technologies Limited has informed the Exchange about change in Management
2026-08-20 - Rategain Travel Technologies Limited has informed the Exchange about General Updates
2026-08-19 - Rategain Travel Technologies Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for RATEGAIN
Loading news…
AI Stock Analyst
RateGain Travel Technologies Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account