Leisure Services
Valuation | |
|---|---|
| Market Cap | 2.31 kCr |
| Price/Earnings (Trailing) | 41.63 |
| Price/Sales (Trailing) | 2.22 |
| EV/EBITDA | 21.8 |
| Price/Free Cashflow | -27.01 |
| MarketCap/EBT | 40.28 |
| Enterprise Value | 2.26 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -0.40% |
| Price Change 1M | -14.6% |
| Price Change 6M | 53.9% |
| Price Change 1Y | 57.4% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 93.7 Cr |
| Cash Flow from Operations (TTM) | -88.65 Cr |
| Cash Flow from Financing (TTM) |
| Revenue (TTM) |
| 1.04 kCr |
| Rev. Growth (Yr) | 45.7% |
| Earnings (TTM) | 55.5 Cr |
| Earnings Growth (Yr) | 95.5% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 6% |
| Return on Equity | 6.82% |
| Return on Assets | 4.26% |
| Free Cashflow Yield | -3.7% |
| -102.19 Cr |
| Cash & Equivalents | 68.97 Cr |
| Free Cash Flow (TTM) | -94.91 Cr |
| Free Cash Flow/Share (TTM) | -6.05 |
Balance Sheet | |
|---|---|
| Total Assets | 1.3 kCr |
| Total Liabilities | 488.65 Cr |
| Shareholder Equity | 813.61 Cr |
| Current Assets | 926.09 Cr |
| Current Liabilities | 439.39 Cr |
| Net PPE | 12.98 Cr |
| Inventory | 0.00 |
| Goodwill | 141.47 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.03 |
| Interest Coverage | 4.73 |
| Interest/Cashflow Ops | -7.67 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 0.00% |
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money looks to be reducing their stake in the stock.
Dividend: Stock hasn't been paying any dividend.
Momentum: Stock is suffering a negative price momentum. Stock is down -14.6% in last 30 days.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money looks to be reducing their stake in the stock.
Dividend: Stock hasn't been paying any dividend.
Momentum: Stock is suffering a negative price momentum. Stock is down -14.6% in last 30 days.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 3.54 |
Financial Health | |
|---|---|
| Current Ratio | 2.11 |
| Debt/Equity | 0.03 |
Technical Indicators | |
|---|---|
| RSI (14d) | 38.27 |
| RSI (5d) | 48.56 |
| RSI (21d) | 32.67 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of YATRA ONLINE's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
The management of Yatra Online Limited provided an optimistic outlook during the earnings conference call for Q2 and H1 FY '26. They highlighted a significant growth trajectory, with Q2 FY '26 seeing a 48% increase in revenue compared to the previous year, reaching INR 3,509 million. Gross margins also improved by 34%, leading to a 125% increase in EBITDA and a 96% rise in profit after tax (PAT), which reached INR 143 million.
Key forward-looking points included:
The corporate travel market in India is projected to hit approximately $20 billion by FY'27, with Yatra's online penetration currently around 20%. This suggests substantial growth potential as the market moves toward digital solutions.
Yatra onboarded 34 new corporate clients in Q2, contributing an additional annual billing potential of INR 2.6 billion, emphasizing the strong demand for their services.
Management anticipates continued growth driven by increasing digital adoption, enhanced customer acquisition strategies, and advancements in AI technology, particularly through their AI-powered travel assistant, DIYA.
The reduction in income tax and GST rates is expected to further stimulate demand and discretionary spending in the coming quarters.
Management raised the adjusted EBITDA guidance for the year from a growth target of 30% to a new target range of 35% to 40%, indicating confidence in their cost management and operational execution.
The corporate travel business remains strong, although Q3 is typically slower due to holidays. However, they expect Q4 to outperform current projections due to new wins and a healthy MICE segment.
Overall, the management maintained a positive outlook on growth, operational efficiency, and technology integration, setting the stage for continued success in the corporate travel space.
Understand YATRA ONLINE ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| THCL Travel Holding Cyprus Limited | 57.4% |
| Asia Consolidated DMC Pte. Ltd. | 7.06% |
| UTI-MNC FUND | 2.59% |
| ICICI PRUDENTIAL TECHNOLOGY FUND | 2.46% |
| BANDHAN ELSS TAX SAVER FUND | 1.94% |
| Motilal Oswal Financial Services Limited - Proprietary Account | 1.35% |
| NIVESHAAY HEDGEHOGS FUND |
Detailed comparison of YATRA ONLINE against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| INDIGO | InterGlobe Aviation | 1.9 LCr | 88.78 kCr | -0.80% | +11.70% | 59.06 | 2.14 | - | - |
| IRCTC | Indian Railway Catering & Tourism Corp | 49.6 kCr | 5.04 kCr |
Comprehensive comparison against sector averages
YATRA metrics compared to Leisure
| Category | YATRA | Leisure |
|---|---|---|
| PE | 41.63 | 50.34 |
| PS | 2.22 | 4.37 |
| Growth | 76 % | 13.6 % |
Yatra Online Limited provides reservation and booking services related to transport, travel, tours, and tourism in India and internationally. It offers airline tickets which includes airline tickets included in holiday packages; hotels and holiday packages, including hotel rooms and travel packages; and other travel products and services, such as rail and bus tickets, cab booking, and ancillary value-added services comprising travel insurance, visa processing, and tickets for activities and attractions. The company also provides a range of activities, which include tours, historical and contemporary sightseeing, luxury experiences, romantic trips, events, shows, food tours, cooking classes, and others, as well as freight forwarding services. It serves its products through internet, corporate SaaS platform, mobile, call center, and retail lounges. The company was incorporated in 2005 and is based in Gurugram, India. Yatra Online Limited operates as a subsidiary of THCL Travel Holding Cyprus Limited.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
YATRA vs Leisure (2024 - 2026)
Q&A Section Summary of Yatra Earnings Transcript
Nitin Padmanabhan: How would the year-on-year growth in gross bookings for both corporate and consumer look for the quarter?
Dhruv Shringi: Growth in consumer gross bookings is approximately 10% negative year-over-year, while corporate bookings, including MICE, show about 20% to 25% positive growth.
Nitin Padmanabhan: How do you perceive the cost line items going forward, especially regarding operating leverage and investments?
Dhruv Shringi: We anticipate costs to remain largely stable. Any significant movements are mainly from Globe's full quarterly inclusion. Other increases are related to Google Cloud Platform migration and commissions to affiliates. However, we foresee cost moderation as we optimize GCP.
Biplab: Given the strong profitability, can you expect Q3 and Q4 to remain robust enough for PAT to exceed INR65-70 crores this financial year?
Dhruv Shringi: Q3 typically sees a slowdown due to festivals, but we expect Q4 to outperform current levels, based on new client acquisitions and MICE activity. It's too early to firmly project INR65-70 crores in PAT.
Biplab: What explains the decline in airline net take rates from 4.6% in Q1 to 3.9% in Q2?
Dhruv Shringi: The drop is mainly attributed to our annual anniversary promotions affecting consumer pricing, alongside a general competitive discounting environment. This is expected during this promotional period.
Biplab: How does Yatra view AI's role in its future, including investments made?
Dhruv Shringi: AI is pivotal for enhancing personalized travel experiences. We're developing DIYA AI, which tailors search options per user preferences. We have a dedicated team of 15 data scientists enhancing AI capabilities. The goal is to automate service requests significantly.
Aditya Sen: What's the current status of receivables? Is Yatra planning to bring it down to industry averages?
Dhruv Shringi: Our DSO is competitive within the corporate travel industry, operating on a typical 28-day cycle. Most transactions are automated, allowing for efficient billing and collection.
Anmol Garg: What is driving sequential air volume growth, and do you plan to spend more on B2C for market share?
Dhruv Shringi: About 60% of the sequential growth stems from B2C, thanks to cost-effective customer acquisition strategies that we've implemented. We're seeing healthy organic growth and are well-positioned on B2C strategies.
Sahil: Can you elaborate on the size of the 34 new clients added this quarter?
Dhruv Shringi: These are mid to large corporates, averaging spends of INR 7-8 crores. They significantly contribute to our revenues.
Aditi: What's behind the increase in service costs?
Dhruv Shringi: The rise in service costs primarily comes from the MICE segment's seasonal impact. However, this won't affect gross margin growth, which is the critical number to focus on.
Prateek Giri: What makes Yatra's offering appealing to enterprises against competitors?
Dhruv Shringi: Our strength lies in deep integrations with corporate systems, allowing complex policy compliance tailored to individual company needs, a critical factor in enterprise decisions. This creates a significant barrier for switching to competitors.
For further inquiries, please reach out to the company directly.
| 1.23% |
| ROHAN MANOJ SHAH | 1.07% |
| Yatra Online, Inc. | 0% |
| Yatra USA, LLC | 0% |
| Middle East Travel Management Company Private Limited | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -7.80% |
| -20.90% |
| 36.15 |
| 9.84 |
| - |
| - |
| MHRIL | Mahindra Holidays & Resorts India | 5.93 kCr | 3.08 kCr | -3.40% | -17.00% | 58.51 | 1.93 | - | - |
| THOMASCOOK | Thomas Cook (India) | 5.19 kCr | 8.77 kCr | -22.20% | -23.50% | 20.99 | 0.59 | - | - |
| EASEMYTRIP | Easy Trip Planners | 2.42 kCr | 543.24 Cr | -8.60% | -48.50% | 15.11 | 4.45 | - | - |
| Total profit before tax |
| 0% |
| 17 |
| 17 |
| 13 |
| 10 |
| 7.34 |
| 4.34 |
| Current tax | 613.3% | 3.14 | 1.3 | 0.41 | 0.08 | 0.17 | 0.33 |
| Deferred tax | -26.4% | -0.53 | -0.21 | -2.27 | -0.01 | -0.12 | -0.03 |
| Total tax | 1688.9% | 2.61 | 1.09 | -1.85 | 0.06 | 0.04 | 0.3 |
| Total profit (loss) for period | -13.3% | 14 | 16 | 15 | 10 | 7.3 | 4.04 |
| Other comp. income net of taxes | -21.8% | -0.34 | -0.1 | -0.07 | -0.11 | 0.04 | -0.16 |
| Total Comprehensive Income | -13.3% | 14 | 16 | 15 | 9.9 | 7.34 | 3.88 |
| Earnings Per Share, Basic | -550% | 0.91 | 1.02 | 0.97 | 0.64 | 0.46 | 0.26 |
| Earnings Per Share, Diluted | -550% | 0.91 | 1.02 | 0.97 | 0.64 | 0.46 | 0.26 |
| 180.4% |
| 17 |
| -18.9 |
| Total profit before tax | 180.4% | 17 | -18.9 |
| Total profit (loss) for period | 180.4% | 17 | -18.9 |
| Other comp. income net of taxes | -7.8% | -0.24 | -0.15 |
| Total Comprehensive Income | 179.8% | 17 | -19.05 |
| Earnings Per Share, Basic | 104.6% | 1.11 | -1.39 |
| Earnings Per Share, Diluted | 104.6% | 1.11 | -1.39 |
| 1.3% |
| 377 |
| 372 |
| 363 |
| 245 |
| 412 |
| Total assets | 7.9% | 1,163 | 1,078 | 1,111 | 1,105 | 1,198 |
| Borrowings, non-current | 10.9% | 1.71 | 1.64 | 2.32 | 11 | 27 |
| Total non-current financial liabilities | 61.5% | 22 | 14 | 18 | 28 | 45 |
| Provisions, non-current | 195.3% | 4.81 | 2.29 | 2.3 | 2.43 | 2.55 |
| Total non-current liabilities | 73.3% | 27 | 16 | 20 | 30 | 47 |
| Borrowings, current | -79.5% | 6.53 | 28 | 12 | 38 | 79 |
| Total current financial liabilities | 8.9% | 283 | 260 | 314 | 325 | 389 |
| Provisions, current | 188.8% | 4.87 | 2.34 | 2.12 | 1.91 | 3.21 |
| Total current liabilities | 11.7% | 384 | 344 | 385 | 376 | 453 |
| Total liabilities | 13.9% | 411 | 361 | 405 | 406 | 500 |
| Equity share capital | 0% | 16 | 16 | 16 | 16 | 16 |
| Total equity | 4.9% | 752 | 717 | 706 | 699 | 698 |
| Total equity and liabilities | 7.9% | 1,163 | 1,078 | 1,111 | 1,105 | 1,198 |
| Net Cashflows From Investing Activities |
| 74.1% |
| Proceeds from issuing shares | -100.2% |
| Proceeds from issuing debt | -105.3% |
| Proceeds from borrowings | 127.6% |
| Repayments of borrowings | 137.5% |
| Payments of lease liabilities | 179.2% |
| Interest paid | -87% |
| Other inflows (outflows) of cash | 61.1% |
| Net Cashflows from Financing Activities | -107% |
| Effect of exchange rate on cash eq. | -1.3% |
| Net change in cash and cash eq. | -201.7% |
Analysis of YATRA ONLINE's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Hotels and Packages | 80.0% | 270.7 Cr |
| Air Ticketing | 17.3% | 58.5 Cr |
| Other Services | 2.7% | 9.1 Cr |
| Total | 338.3 Cr |