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RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.[1]
Leading SaaS player in the Travel & Tourism VerticalRateGain Travel Technologies is a leading global distribution technology company and the largest Software as a Service (SaaS) provider in India's travel and hospitality industry. It offers interconnected products that manage the revenue creation value chain, leveraging big-data capabilities and integration with other technology platforms. This helps hospitality and travel providers acquire more guests, enhance retention with personalized experiences, and maximize margins.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | TCS | 3180.00 | 22.88 | 1150551.83 | 1.89 | 12131.00 | 8.54 | 65799.00 | 2.40 | 64.63 | 257688.00 | 26.72 | 50289.69 | 12925.69 | 10.81 | 32.07 | 0.10 |
| 2. | Infosys | 1578.70 | 23.32 | 655890.56 | 2.72 | 7375.00 | 13.19 | 44490.00 | 8.55 | 37.50 | 169458.00 | 23.88 | 28124.00 | 7364.00 | 6.35 | 18.62 | 0.08 |
| 3. | HCL Technologies | 1640.50 | 26.22 | 445176.76 | 3.29 | 4236.00 | 0.00 | 31942.00 | 10.67 | 31.61 | 122427.00 | 21.17 | 16976.00 | 4235.00 | 6.25 | 16.95 | 0.10 |
| 4. | Wipro | 254.69 | 19.78 | 267061.70 | 2.36 | 3262.40 | 1.17 | 22697.30 | 1.77 | 19.51 | 89654.90 | 19.82 | 13500.00 | 3246.20 | 3.12 | 10.82 | 0.19 |
| 5. | LTIMindtree | 6159.00 | 37.50 | 182607.72 | 1.06 | 1381.20 | 12.00 | 10394.30 | 10.19 | 27.63 | 39667.50 | 17.06 | 4869.10 | 1401.10 | 7.80 | 15.83 | 0.10 |
| 6. | Tech Mahindra | 1541.70 | 33.68 | 151034.28 | 2.92 | 1201.70 | -4.45 | 13994.90 | 5.12 | 18.56 | 54015.70 | 14.34 | 4485.00 | 1194.50 | 5.49 | 9.04 | 0.07 |
| 7. | Persistent Systems | 6331.00 | 59.98 | 99871.53 | 0.55 | 471.47 | 45.07 | 3580.72 | 23.59 | 30.44 | 13218.70 | 18.28 | 1665.16 | 471.47 | 13.85 | 16.84 | 0.06 |
| 8. | Rategain Travel | 686.25 | 97.89 | 8103.22 | 0.00 | 20.27 | 51.38 | 63.53 | 29.34 | 7.28 | 234.25 | 18.03 | 82.78 | 20.27 | 5.75 | 5.14 | 0.01 |
| – | Median: 69 Co. | 325.8 | 25.51 | 734.22 | 0.36 | 12.02 | 16.22 | 63.52 | 14.09 | 20.34 | 211.79 | 18.82 | 30.36 | 11.53 | 3.83 | 11.97 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 30 | 47 | 53 | 38 | 49 | 59 | 32 | 49 | 58 | 27 | 39 | 49 | 64 |
Expenses | 29 | 37 | 45 | 37 | 46 | 52 | 39 | 42 | 40 | 28 | 41 | 45 | 54 |
Operating Profit | 1 | 9 | 8 | 1 | 4 | 7 | -7 | 7 | 18 | -2 | -2 | 4 | 9 |
Other Income | 4 | 14 | 18 | 6 | 16 | 19 | 6 | 18 | 19 | 5 | 9 | 16 | 19 |
Profit before tax | 4 | 23 | 25 | 7 | 19 | 24 | -2 | 24 | 35 | 3 | 6 | 19 | 27 |
Tax % | 21% | 26% | 29% | 26% | 24% | 25% | -5% | 26% | 25% | 27% | 27% | 28% | 25% |
Net Profit | 3 | 17 | 18 | 5 | 14 | 18 | -2 | 18 | 27 | 2 | 4 | 13 | 20 |
EPS in Rs | 0.30 | 1.41 | 1.51 | 0.48 | 1.21 | 1.53 | -0.16 | 1.52 | 2.26 | 0.18 | 0.38 | 1.14 | 1.72 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | 88 | 90 | 68 | 73 | 113 | 173 | 210 | 234 |
Expenses | 92 | 93 | 73 | 95 | 122 | 157 | 176 | 192 |
Operating Profit | -5 | -3 | -5 | -22 | -8 | 16 | 34 | 42 |
Other Income | 19 | 15 | 17 | 30 | 22 | 48 | 69 | 75 |
Interest | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
Depreciation | 3 | 5 | 5 | 4 | 3 | 3 | 4 | 5 |
Profit before tax | 11 | 7 | 6 | 3 | 8 | 59 | 98 | 112 |
Net Profit | 10 | 6 | 4 | 2 | 6 | 44 | 72 | 83 |
EPS in Rs | 158.17 | 96.79 | 62.58 | 0.17 | 0.53 | 3.72 | 6.11 | 7.02 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | – |
Standalone figures in ₹ crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.66 | 0.66 | 0.66 | 11 | 11 | 12 | 12 | 12 |
Reserves | 119 | 133 | 272 | 632 | 647 | 1,279 | 1,360 | 1,399 |
Borrowings | 0 | 7 | 5 | 15 | 14 | 13 | 12 | 11 |
Other Liabilities | 37 | 38 | 19 | 45 | 26 | 42 | 38 | 46 |
Total Liabilities | 157 | 179 | 297 | 702 | 697 | 1,346 | 1,422 | 1,468 |
Fixed Assets | 6 | 14 | 9 | 18 | 16 | 15 | 18 | 18 |
Gross Block | 16.21 | 30.17 | 30.12 | 39.39 | 39.90 | 41.01 | 48.19 | – |
Accumulated Depreciation | 10.21 | 16.40 | 20.64 | 21.30 | 23.98 | 26.38 | 30.07 | – |
CWIP | -0 | -0 | -0 | -0 | 1 | 2 | -0 | -0 |
Investments | 110 | 123 | 214 | 360 | 336 | 527 | 667 | 681 |
Other Assets | 41 | 43 | 74 | 324 | 344 | 802 | 737 | 769 |
Total Assets | 157 | 179 | 297 | 702 | 697 | 1,346 | 1,422 | 1,468 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -1 | 7 | 5 | 18 | -19 | -6 | -0 |
Cash from Investing Activity | 1 | -3 | -103 | -375 | 21 | -523 | -42 |
Cash from Financing Activity | -0 | -2 | 101 | 358 | 0 | 583 | -0 |
Net Cash Flow | 0 | 2 | 3 | 1 | 2 | 54 | -43 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 48 | 99 | 55 | 67 | 117 | 123 |
Inventory Days | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – |
Cash Conversion Cycle | 64 | 48 | 99 | 55 | 67 | 117 | 123 |
Working Capital Days | -19 | 50 | 93 | 40 | 647 | 1,198 | 1,169 |
ROCE % | – | 4% | 2% | 0% | 1% | 6% | 7% |
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