TBO Tek Ltd.

•

₹ 1,696.5-0.36%

2026-08-21

tbo.comBSE: 544174NSE: TBOTEK

Market Cap₹ 18,032 Cr.

Current Price₹ 1,703

High / Low₹ 1,765 / 1,004

Stock P/E68.1

Book Value₹ 146

Price to Book7.63

Dividend Yield0.00 %

ROCE19.6 %

ROE18.3 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Hotels & Packages: 83.6% • Air Ticketing: 12.1% • Others: 4.2%

PROS

Company has a healthy return on capital (ROCE) of 32.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%
Company has delivered good sales growth of 80.0% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 32.4% YoY, showing strong momentum

CONS

Operating cash flow has been negative in recent years
Total debt has risen sharply - up 373.0% year on year
Operating margins have contracted to 14.1% from 20.6%
Recurring exceptional / one-off items are inflating headline profit
Stock is trading at 7.6x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Consumer ServicesHospitalityTravel Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	IRCTC	488.40	28.05	39072.00	1.84	330.16	-0.16	1369.53	18.10	51.48	28.23
2.	TBOTEK	1660.55	68.12	18031.54	0.00	83.36	32.38	925.78	81.07	19.59	14.91
3.	IXIGO	168.90	87.08	7449.93	0.00	34.24	80.75	356.75	13.44	14.59	5.72
4.	CORDELIA	827.25	114.85	5988.84	0.00	227.73	—	1901.12	—	74.77	23.68
5.	THOMASCOOK	100.65	21.65	4734.38	0.50	63.71	-13.39	2091.89	-13.13	21.13	4.46
6.	EASEMYTRIP	6.12	0.00	2438.61	0.00	-11.69	-363.84	134.71	18.38	21.68	-9.98
7.	YATRA	113.55	57.19	1781.78	0.00	0.34	-97.88	187.90	-10.45	5.50	6.61
8.	INTLTRAVHS	302.30	0.00	241.67	1.82	5.64	-17.93	55.27	-3.06	15.00	14.06
9.	TRANSCOR	23.80	7.98	76.19	2.52	2.18	113.84	284.99	24.31	15.40	0.68

Detailed Comparison with:

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
	345	352	327	369	418	451	422	446	511	568	784	814	926
	278	283	271	306	340	375	367	381	437	479	684	709	835
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	3	1	12	9	15	15	17	16	13	15	12	13	13
Interest	2	2	3	4	6	6	6	5	5	9	15	15	15
Depreciation	6	7	8	15	12	13	13	14	14	16	26	30	33
	54	62	57	53	76	71	57	71	75	78	66	74	103
Tax %	13.13%	9.92%	10.75%	12.93%	19.33%	15.70%	12.24%	16.84%	16.39%	13.65%	18.77%	18.43%	19.30%
Net Profit	0	0	0	0	61	60	50	59	63	68	54	60	83
	5	6	5	5	6	6	5	6	6	6	5	6	1
Equity Capital	10	10	10	10	11	11	11	11	11	11	11	11	11
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	10	10	10	10	11	11	11	11	11	11	11	11	11
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 345
: 278
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 6
: 54
Tax %: 13.13%
Net Profit: 0
: 5
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 352
: 283
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 7
: 62
Tax %: 9.92%
Net Profit: 0
: 6
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 327
: 271
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 3
Depreciation: 8
: 57
Tax %: 10.75%
Net Profit: 0
: 5
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 369
: 306
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 4
Depreciation: 15
: 53
Tax %: 12.93%
Net Profit: 0
: 5
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 418
: 340
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 6
Depreciation: 12
: 76
Tax %: 19.33%
Net Profit: 61
: 6
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 451
: 375
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 6
Depreciation: 13
: 71
Tax %: 15.70%
Net Profit: 60
: 6
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 422
: 367
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 6
Depreciation: 13
: 57
Tax %: 12.24%
Net Profit: 50
: 5
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 446
: 381
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 5
Depreciation: 14
: 71
Tax %: 16.84%
Net Profit: 59
: 6
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 511
: 437
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 5
Depreciation: 14
: 75
Tax %: 16.39%
Net Profit: 63
: 6
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 568
: 479
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 9
Depreciation: 16
: 78
Tax %: 13.65%
Net Profit: 68
: 6
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 784
: 684
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 15
Depreciation: 26
: 66
Tax %: 18.77%
Net Profit: 54
: 5
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 814
: 709
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 15
Depreciation: 30
: 74
Tax %: 18.43%
Net Profit: 60
: 6
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 926
: 835
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 15
Depreciation: 33
: 103
Tax %: 19.30%
Net Profit: 83
: 1
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

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
	441	571	142	483	1,065	1,393	1,737	2,677	3,092
	397	484	163	449	866	1,132	1,453	2,299	2,708
Operating Profit	51	105	13	64	219	289	347	429	—
OPM %	12	18	9	13	21	21	20	16	—
Other Income	7	18	35	30	21	28	62	51	53
Interest	6	5	2	7	14	19	33	52	53
Depreciation	5	12	11	16	34	36	52	86	106
	34	88	-30	46	174	227	275	293	321
Tax %	23	17	-16	27	15	12	16	17	18
Net Profit	26	73	-34	34	148	201	230	244	265
EPS	3	7	-3	3	14	19	21	22	—
Dividend Payout %	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	-4	2	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	7	-3	3	14	19	21	22	—
Minority Interest	0	0	0	0	-4	2	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	7	-3	3	14	19	21	22	—

Mar 2019

: 441
: 397
Operating Profit: 51
OPM %: 12
Other Income: 7
Interest: 6
Depreciation: 5
: 34
Tax %: 23
Net Profit: 26
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2020

: 571
: 484
Operating Profit: 105
OPM %: 18
Other Income: 18
Interest: 5
Depreciation: 12
: 88
Tax %: 17
Net Profit: 73
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2021

: 142
: 163
Operating Profit: 13
OPM %: 9
Other Income: 35
Interest: 2
Depreciation: 11
: -30
Tax %: -16
Net Profit: -34
EPS: -3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3

Mar 2022

: 483
: 449
Operating Profit: 64
OPM %: 13
Other Income: 30
Interest: 7
Depreciation: 16
: 46
Tax %: 27
Net Profit: 34
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2023

: 1,065
: 866
Operating Profit: 219
OPM %: 21
Other Income: 21
Interest: 14
Depreciation: 34
: 174
Tax %: 15
Net Profit: 148
EPS: 14
Dividend Payout %: 0
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 14

Mar 2024

: 1,393
: 1,132
Operating Profit: 289
OPM %: 21
Other Income: 28
Interest: 19
Depreciation: 36
: 227
Tax %: 12
Net Profit: 201
EPS: 19
Dividend Payout %: 0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 19
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 19

Mar 2025

: 1,737
: 1,453
Operating Profit: 347
OPM %: 20
Other Income: 62
Interest: 33
Depreciation: 52
: 275
Tax %: 16
Net Profit: 230
EPS: 21
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

Mar 2026

: 2,677
: 2,299
Operating Profit: 429
OPM %: 16
Other Income: 51
Interest: 52
Depreciation: 86
: 293
Tax %: 17
Net Profit: 244
EPS: 22
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 22

TTM

: 3,092
: 2,708
Operating Profit: —
OPM %: —
Other Income: 53
Interest: 53
Depreciation: 106
: 321
Tax %: 18
Net Profit: 265
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 80%
3 Years:: 36%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 16%

RETURN ON EQUITY

10 Years:: —
5 Years:: 32%
3 Years:: 31%
Last Year:: 18%

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
LIABILITIES	-	-	-	-	-	-	-	-
Equity Capital	2	2	2	10	10	10	11	11
	159	238	202	221	325	522	1,149	1,493
	0	0	0	0	0	0	46	88
Trade Payables	500	285	173	727	1,803	3,603	4,321	5,422
	200	317	244	369	484	811	797	2,422
Total Liabilities	861	842	621	1,328	2,622	4,946	6,324	9,436
ASSETS	-	-	-	-	-	-	-	-
	44	35	23	92	136	349	345	1,619
	0	0	0	0	0	2	173	263
	0	0	0	0	0	3,307	4,061	5,314
Cash & Bank	296	288	332	504	661	854	1,285	1,278
	521	519	266	731	1,825	435	460	962
Total Assets	861	842	621	1,328	2,622	4,946	6,324	9,436
Total Debt	0	0	0	3	6	135	136	645
Net Working Capital	141	232	181	195	261	420	963	558
Contingent Liabilities	42	47	40	50	50	50	20	45
Book Value per Share	849.34	1268.27	1076.89	22.21	32.13	51.09	106.85	138.52
Face Value	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00
Total Debt	0	0	0	3	6	135	136	645
Net Working Capital	141	232	181	195	261	420	963	558
Contingent Liabilities	42	47	40	50	50	50	20	45
Book Value per Share	849.34	1268.27	1076.89	22.21	32.13	51.09	106.85	138.52
Face Value	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00

Mar 2019

Equity Capital: 2
: 159
: 0
Trade Payables: 500
: 200
Total Liabilities: 861
: 44
: 0
: 0
Cash & Bank: 296
: 521
Total Assets: 861
Total Debt: 0
Net Working Capital: 141
Contingent Liabilities: 42
Book Value per Share: 849.34
Face Value: 10.00
Total Debt: 0
Net Working Capital: 141
Contingent Liabilities: 42
Book Value per Share: 849.34
Face Value: 10.00

Mar 2020

Equity Capital: 2
: 238
: 0
Trade Payables: 285
: 317
Total Liabilities: 842
: 35
: 0
: 0
Cash & Bank: 288
: 519
Total Assets: 842
Total Debt: 0
Net Working Capital: 232
Contingent Liabilities: 47
Book Value per Share: 1268.27
Face Value: 10.00
Total Debt: 0
Net Working Capital: 232
Contingent Liabilities: 47
Book Value per Share: 1268.27
Face Value: 10.00

Mar 2021

Equity Capital: 2
: 202
: 0
Trade Payables: 173
: 244
Total Liabilities: 621
: 23
: 0
: 0
Cash & Bank: 332
: 266
Total Assets: 621
Total Debt: 0
Net Working Capital: 181
Contingent Liabilities: 40
Book Value per Share: 1076.89
Face Value: 10.00
Total Debt: 0
Net Working Capital: 181
Contingent Liabilities: 40
Book Value per Share: 1076.89
Face Value: 10.00

Mar 2022

Equity Capital: 10
: 221
: 0
Trade Payables: 727
: 369
Total Liabilities: 1,328
: 92
: 0
: 0
Cash & Bank: 504
: 731
Total Assets: 1,328
Total Debt: 3
Net Working Capital: 195
Contingent Liabilities: 50
Book Value per Share: 22.21
Face Value: 1.00
Total Debt: 3
Net Working Capital: 195
Contingent Liabilities: 50
Book Value per Share: 22.21
Face Value: 1.00

Mar 2023

Equity Capital: 10
: 325
: 0
Trade Payables: 1,803
: 484
Total Liabilities: 2,622
: 136
: 0
: 0
Cash & Bank: 661
: 1,825
Total Assets: 2,622
Total Debt: 6
Net Working Capital: 261
Contingent Liabilities: 50
Book Value per Share: 32.13
Face Value: 1.00
Total Debt: 6
Net Working Capital: 261
Contingent Liabilities: 50
Book Value per Share: 32.13
Face Value: 1.00

Mar 2024

Equity Capital: 10
: 522
: 0
Trade Payables: 3,603
: 811
Total Liabilities: 4,946
: 349
: 2
: 3,307
Cash & Bank: 854
: 435
Total Assets: 4,946
Total Debt: 135
Net Working Capital: 420
Contingent Liabilities: 50
Book Value per Share: 51.09
Face Value: 1.00
Total Debt: 135
Net Working Capital: 420
Contingent Liabilities: 50
Book Value per Share: 51.09
Face Value: 1.00

Mar 2025

Equity Capital: 11
: 1,149
: 46
Trade Payables: 4,321
: 797
Total Liabilities: 6,324
: 345
: 173
: 4,061
Cash & Bank: 1,285
: 460
Total Assets: 6,324
Total Debt: 136
Net Working Capital: 963
Contingent Liabilities: 20
Book Value per Share: 106.85
Face Value: 1.00
Total Debt: 136
Net Working Capital: 963
Contingent Liabilities: 20
Book Value per Share: 106.85
Face Value: 1.00

Mar 2026

Equity Capital: 11
: 1,493
: 88
Trade Payables: 5,422
: 2,422
Total Liabilities: 9,436
: 1,619
: 263
: 5,314
Cash & Bank: 1,278
: 962
Total Assets: 9,436
Total Debt: 645
Net Working Capital: 558
Contingent Liabilities: 45
Book Value per Share: 138.52
Face Value: 1.00
Total Debt: 645
Net Working Capital: 558
Contingent Liabilities: 45
Book Value per Share: 138.52
Face Value: 1.00

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
	93	-3	50	198	237	226	289	-21
Cash from Investing	-41	-14	-26	-31	-106	-157	-441	-418
Cash from Financing	-5	-8	-5	-16	-14	115	365	441
	47	-25	19	152	117	185	213	3
Free Cash Flow	93	-3	50	118	168	-23	242	-1,392
OCF / Net Profit	3.55	-0.04	-1.45	5.88	1.60	1.13	1.26	-0.09
Cumulative 5-Year FCF	0	0	0	0	0	310	555	-887
OCF / Net Profit	3.55	-0.04	-1.45	5.88	1.60	1.13	1.26	-0.09
Cumulative 5-Year FCF	0	0	0	0	0	310	555	-887

Mar 2019

: 93
Cash from Investing: -41
Cash from Financing: -5
: 47
Free Cash Flow: 93
OCF / Net Profit: 3.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.55
Cumulative 5-Year FCF: 0

Mar 2020

: -3
Cash from Investing: -14
Cash from Financing: -8
: -25
Free Cash Flow: -3
OCF / Net Profit: -0.04
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.04
Cumulative 5-Year FCF: 0

Mar 2021

: 50
Cash from Investing: -26
Cash from Financing: -5
: 19
Free Cash Flow: 50
OCF / Net Profit: -1.45
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.45
Cumulative 5-Year FCF: 0

Mar 2022

: 198
Cash from Investing: -31
Cash from Financing: -16
: 152
Free Cash Flow: 118
OCF / Net Profit: 5.88
Cumulative 5-Year FCF: 0
OCF / Net Profit: 5.88
Cumulative 5-Year FCF: 0

Mar 2023

: 237
Cash from Investing: -106
Cash from Financing: -14
: 117
Free Cash Flow: 168
OCF / Net Profit: 1.60
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.60
Cumulative 5-Year FCF: 0

Mar 2024

: 226
Cash from Investing: -157
Cash from Financing: 115
: 185
Free Cash Flow: -23
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 310
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 310

Mar 2025

: 289
Cash from Investing: -441
Cash from Financing: 365
: 213
Free Cash Flow: 242
OCF / Net Profit: 1.26
Cumulative 5-Year FCF: 555
OCF / Net Profit: 1.26
Cumulative 5-Year FCF: 555

Mar 2026

: -21
Cash from Investing: -418
Cash from Financing: 441
: 3
Free Cash Flow: -1,392
OCF / Net Profit: -0.09
Cumulative 5-Year FCF: -887
OCF / Net Profit: -0.09
Cumulative 5-Year FCF: -887

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-
EPS (₹)	138.96	384.84	-180.18	3.23	13.84	19.39	21.17	22.50
Book Value (₹)	849.34	1268.27	1076.89	22.21	32.13	51.09	106.85	138.52
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	3.05	8.13	-2.21	4.74	17.50	22.71	25.95	30.46
PROFITABILITY	-	-	-	-	-	-	-	-
Operating Margin %	11.61%	18.36%	9.40%	13.20%	20.62%	18.75%	16.39%	14.12%
Net Margin %	5.97%	12.78%	-24.08%	6.98%	13.95%	14.40%	13.23%	9.12%
ROE %	16.36%	36.35%	-15.37%	15.48%	52.42%	46.24%	27.16%	18.34%
ROCE %	24.72%	46.33%	-12.18%	24.02%	64.84%	47.93%	30.58%	19.59%
	3.06%	8.56%	-4.67%	3.46%	7.52%	5.30%	4.08%	3.10%
EFFICIENCY	-	-	-	-	-	-	-	-
Debtor Days	314	218	545	246	360	638	774	639
Inventory Days	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0
	314	218	545	246	360	638	774	639
FINANCIAL HEALTH	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.01x	0.02x	0.25x	0.12x	0.43x
Interest Coverage (x)	7.21x	19.39x	-10.97x	7.93x	13.24x	12.88x	9.34x	6.63x
	1.21x	1.41x	1.45x	1.19x	1.12x	1.10x	1.19x	1.08x
GROWTH	-	-	-	-	-	-	-	-
Revenue Growth %	0.00%	29.47%	-75.16%	240.80%	120.29%	30.83%	24.75%	54.10%
Operating Profit Growth %	0.00%	104.72%	-87.28%	378.59%	244.09%	31.84%	19.80%	23.87%
Net Profit Growth %	0.00%	176.95%	-146.82%	198.75%	340.40%	35.07%	14.62%	6.27%
	0.00%	0.00%	0.00%	0.00%	0.00%	40.14%	9.17%	6.27%
VALUATION	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	56.93x	47.01x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.28x	7.63x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	-2.45x	34.44x	25.27x

Mar 2019

EPS (₹): 138.96
Book Value (₹): 849.34
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.05
Operating Margin %: 11.61%
Net Margin %: 5.97%
ROE %: 16.36%
ROCE %: 24.72%
: 3.06%
Debtor Days: 314
Inventory Days: 0
Payable Days: 0
: 314
Debt to Equity (x): 0.00x
Interest Coverage (x): 7.21x
: 1.21x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 384.84
Book Value (₹): 1268.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.13
Operating Margin %: 18.36%
Net Margin %: 12.78%
ROE %: 36.35%
ROCE %: 46.33%
: 8.56%
Debtor Days: 218
Inventory Days: 0
Payable Days: 0
: 218
Debt to Equity (x): 0.00x
Interest Coverage (x): 19.39x
: 1.41x
Revenue Growth %: 29.47%
Operating Profit Growth %: 104.72%
Net Profit Growth %: 176.95%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -180.18
Book Value (₹): 1076.89
Dividend per Share (₹): 0.00
Cash EPS (₹): -2.21
Operating Margin %: 9.40%
Net Margin %: -24.08%
ROE %: -15.37%
ROCE %: -12.18%
: -4.67%
Debtor Days: 545
Inventory Days: 0
Payable Days: 0
: 545
Debt to Equity (x): 0.00x
Interest Coverage (x): -10.97x
: 1.45x
Revenue Growth %: -75.16%
Operating Profit Growth %: -87.28%
Net Profit Growth %: -146.82%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 3.23
Book Value (₹): 22.21
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.74
Operating Margin %: 13.20%
Net Margin %: 6.98%
ROE %: 15.48%
ROCE %: 24.02%
: 3.46%
Debtor Days: 246
Inventory Days: 0
Payable Days: 0
: 246
Debt to Equity (x): 0.01x
Interest Coverage (x): 7.93x
: 1.19x
Revenue Growth %: 240.80%
Operating Profit Growth %: 378.59%
Net Profit Growth %: 198.75%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 13.84
Book Value (₹): 32.13
Dividend per Share (₹): 0.00
Cash EPS (₹): 17.50
Operating Margin %: 20.62%
Net Margin %: 13.95%
ROE %: 52.42%
ROCE %: 64.84%
: 7.52%
Debtor Days: 360
Inventory Days: 0
Payable Days: 0
: 360
Debt to Equity (x): 0.02x
Interest Coverage (x): 13.24x
: 1.12x
Revenue Growth %: 120.29%
Operating Profit Growth %: 244.09%
Net Profit Growth %: 340.40%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 19.39
Book Value (₹): 51.09
Dividend per Share (₹): 0.00
Cash EPS (₹): 22.71
Operating Margin %: 18.75%
Net Margin %: 14.40%
ROE %: 46.24%
ROCE %: 47.93%
: 5.30%
Debtor Days: 638
Inventory Days: 0
Payable Days: 0
: 638
Debt to Equity (x): 0.25x
Interest Coverage (x): 12.88x
: 1.10x
Revenue Growth %: 30.83%
Operating Profit Growth %: 31.84%
Net Profit Growth %: 35.07%
: 40.14%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: -2.45x

Mar 2025

EPS (₹): 21.17
Book Value (₹): 106.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 25.95
Operating Margin %: 16.39%
Net Margin %: 13.23%
ROE %: 27.16%
ROCE %: 30.58%
: 4.08%
Debtor Days: 774
Inventory Days: 0
Payable Days: 0
: 774
Debt to Equity (x): 0.12x
Interest Coverage (x): 9.34x
: 1.19x
Revenue Growth %: 24.75%
Operating Profit Growth %: 19.80%
Net Profit Growth %: 14.62%
: 9.17%
P/E (x): 56.93x
P/B (x): 11.28x
Dividend Yield %: 0.00%
: 34.44x

Mar 2026

EPS (₹): 22.50
Book Value (₹): 138.52
Dividend per Share (₹): 0.00
Cash EPS (₹): 30.46
Operating Margin %: 14.12%
Net Margin %: 9.12%
ROE %: 18.34%
ROCE %: 19.59%
: 3.10%
Debtor Days: 639
Inventory Days: 0
Payable Days: 0
: 639
Debt to Equity (x): 0.43x
Interest Coverage (x): 6.63x
: 1.08x
Revenue Growth %: 54.10%
Operating Profit Growth %: 23.87%
Net Profit Growth %: 6.27%
: 6.27%
P/E (x): 47.01x
P/B (x): 7.63x
Dividend Yield %: 0.00%
: 25.27x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.41	44.41	44.41	44.40	44.41	44.41	44.41	44.41	44.41
	42.79	43.06	38.05	31.61	30.11	30.73	30.85	29.71	28.93
	6.61	6.59	11.78	17.88	19.18	18.90	19.01	20.34	21.09
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.20	5.93	5.76	6.10	6.30	5.94	5.74	5.54	5.56

Jun 2024

: 44.41
: 42.79
: 6.61
Government: 0.00
: 6.20

Sep 2024

: 44.41
: 43.06
: 6.59
Government: 0.00
: 5.93

Dec 2024

: 44.41
: 38.05
: 11.78
Government: 0.00
: 5.76

Mar 2025

: 44.40
: 31.61
: 17.88
Government: 0.00
: 6.10

Jun 2025

: 44.41
: 30.11
: 19.18
Government: 0.00
: 6.30

Sep 2025

: 44.41
: 30.73
: 18.90
Government: 0.00
: 5.94

Dec 2025

: 44.41
: 30.85
: 19.01
Government: 0.00
: 5.74

Mar 2026

: 44.41
: 29.71
: 20.34
Government: 0.00
: 5.54

Jun 2026

: 44.41
: 28.93
: 21.09
Government: 0.00
: 5.56

Documents

Announcements

General Updates
2026-08-10 - Please find enclosed the letter dispatched to the Members of the Company for the Annual Report of Financial Year 2025-26
Copy of Newspaper Publication
2026-08-06 - Please find enclosed the Newspaper Publication regarding the Notice of 20th AGM and E-voting Information.

Annual Reports

Credit Ratings

Credit Rating
2025-12-10 - TBO Tek Limited has informed the Exchange about Credit Rating

Concalls

Aug 2026
TranscriptPPTREC
Jun 2026
Transcript PPTREC
Mar 2026
Transcript PPTREC