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RateGain Travel Technologies Ltd

₹ 679-2.74%
06 Jan – close price
🔗rategain.com•BSE: 543417•NSE: RATEGAIN
Market Cap₹ 8,015 Cr.
Current Price₹ 679
High / Low₹ 763
Stock P/E96.8
Book Value₹ 119
Dividend Yield0.00 %
ROCE7.28 %
ROE5.34 %
Face Value₹ 1.00
Sales₹ 234 Cr.
OPM18.0 %
Mar Cap₹ 8,015 Cr.

ABOUT

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]

KEY POINTS

Leading SaaS player in the Travel & Tourism VerticalRateGain Travel Technologies is 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket 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 valueReturn on assets (%)Debt to equity
1.TCS3255.8023.421177976.931.8412131.008.5465799.002.4064.63257688.0026.7250289.6912925.6911.0732.070.10
2.Infosys1612.2023.24653693.562.677375.0013.1944490.008.5537.50169458.0023.8828124.007364.006.4818.620.08
3.HCL Technologies1616.3025.84438609.693.344236.000.0031942.0010.6731.61122427.0021.1716976.004235.006.1616.950.10
4.Wipro265.6020.63278529.772.263262.401.1722697.301.7719.5189654.9019.8213500.003246.203.2510.820.19
5.LTIMindtree5982.5036.43177374.691.091381.2012.0010394.3010.1927.6339667.5017.064869.101401.107.5815.830.10
6.Tech Mahindra1601.8034.99156931.762.811201.70-4.4513994.905.1218.5654015.7014.344485.001194.505.709.040.07
7.Persistent Systems6249.0059.2098577.980.56471.4745.073580.7223.5930.4413218.7018.281665.16471.4713.6716.840.06
8.Rategain Travel678.8096.838015.250.0020.2751.3863.5329.347.28234.2518.0382.7820.275.685.140.01
–Median: 72 Co.274.6525.98705.830.249.7216.7263.5215.7120.49176.3718.1629.599.723.7711.820.08

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
30475338495932495827394964
Expenses
29374537465239424028414554
Operating Profit
198147-7718-2-249
Other Income
414186161961819591619
Profit before tax
4232571924-22435361927
Tax %
21%26%29%26%24%25%-5%26%25%27%27%28%25%
Net Profit
3171851418-21827241320
EPS in Rs
0.301.411.510.481.211.53-0.161.522.260.180.381.141.72

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
88906873113173210234
Expenses
92937395122157176192
Operating Profit
-5-3-5-22-8163442
Other Income
1915173022486975
Interest
01112111
Depreciation
35543345
Profit before tax
1176385998112
Net Profit
106426447283
EPS in Rs
158.1796.7962.580.170.533.726.117.02
Dividend Payout %
0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:81%
3 Years:467%
TTM:33%

Compounded Sales Growth

10 Years:%
5 Years:19%
3 Years:42%
TTM:21%

Return on Equity

10 Years:%
5 Years:3%
3 Years:4%
Last Year:5%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:32%
1 Year:-6%

Balance Sheet

Standalone figures in ₹ crores

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.660.660.661111121212
Reserves
1191332726326471,2791,3601,399
Borrowings
0751514131211
Other Liabilities
3738194526423846
Total Liabilities
1571792977026971,3461,4221,468
Fixed Assets
61491816151818
Gross Block
16.2130.1730.1239.3939.9041.0148.19–
Accumulated Depreciation
10.2116.4020.6421.3023.9826.3830.07–
CWIP
00001200
Investments
110123214360336527667681
Other Assets
414374324344802737769
Total Assets
1571792977026971,3461,4221,468

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-17518-19-6-0
Cash from Investing Activity
1-3-103-37521-523-42
Cash from Financing Activity
0-21013580583-0
Net Cash Flow
0231254-43

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
6448995567117123
Inventory Days
–––––––
Days Payable
–––––––
Cash Conversion Cycle
6448995567117123
Working Capital Days
-195093406471,1981,169
ROCE %
–4%2%0%1%6%7%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
55.79%55.76%55.76%55.72%51.27%51.25%48.25%48.22%48.22%48.17%48.16%48.16%
FIIs
3.97%4.05%5.33%5.42%8.67%10.49%9.54%10.21%8.27%7.60%5.51%5.49%
DIIs
14.22%14.65%17.78%17.81%18.77%17.31%21.66%20.56%22.61%23.00%23.54%21.58%
Public
26.02%25.54%21.13%21.06%21.27%20.89%20.49%20.96%20.84%21.16%22.74%24.71%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

RateGain Partners with Razorpay to Enhance RG Pay for Travel Brands

2nd April 2026, 6:01 pm

RateGain Travel Technologies Closes Trading Window for Q4 FY26 Results

27th March 2026, 8:56 pm

RateGain Approves Grant of 67,631 Equity Shares Under Employee Stock Purchase Scheme

27th March 2026, 2:45 am

RateGain Allots 41,309 Shares Under Employee Schemes

27th March 2026, 2:44 am

RateGain Partners with Cashfree Payments to Enhance RG Pay Payment Solutions

26th March 2026, 5:14 pm

Published by Other Websites

External media mentions & references

Indian Markets Surge, But 23,000 Nifty Level Remains Elusive

1st April 2026, 4:08 pm

RateGain Surges 8% on Investec 'Buy' Call, Targets 76% Upside

1st April 2026, 9:55 am

Infosys Acquisition, Azad Engg MHI Deal; Stocks to Watch Friday

27th March 2026, 7:42 am

AI Transforms India's Travel Sector: MakeMyTrip, Mastercard Lead Charge

24th March 2026, 9:21 pm

RateGain Stock Climbs 3% on Myanmar Airways AI Pricing Deal

24th March 2026, 4:02 pm

News Articles

Editorial & research coverage

Valentine Surge: IHCL Books Strong Demand Amidst Valuation Concerns
Valentine Surge: IHCL Books Strong Demand Amidst Valuation Concerns

7th February 2026, 1:25 am

Global Tech Rout, AI Race Overshadow Indian Earnings
Global Tech Rout, AI Race Overshadow Indian Earnings

6th February 2026, 7:18 am

Institutional Trades Reshape Portfolios on Jan 27
Institutional Trades Reshape Portfolios on Jan 27

27th January 2026, 9:17 pm

Market Movers: Banks Mixed, Industrials Surge, Pharma Faces Scrutiny
Market Movers: Banks Mixed, Industrials Surge, Pharma Faces Scrutiny

27th January 2026, 7:08 am

Indian Markets Slip Second Day; Infosys Misses Profit Despite Guidance
Indian Markets Slip Second Day; Infosys Misses Profit Despite Guidance

16th January 2026, 6:59 am

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Allotment

17 Dec - 22,278 shares allotted under SAR 2022 on Dec 17, 2025; paid-up capital now 11,81,02,036.

Grant Of Sars.

17 Dec - Grant of 1,902,014 SARs at Rs.700 each to Sojern employees; vesting 3 years (25%/35%/40%).

Grant Of Sars

17 Dec - Grant of 19,535 SARs on Dec 17, 2025: 9,054@₹689.60; 9,984@₹660.15; 497@₹649.00.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

16 Dec - RateGain named Trip.com Favored Connectivity Partner for 2025; collaboration on next-gen APIs and incentive-backed milestones.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from web)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Credit Ratings

No credit ratings.

Concalls

Nov 2025

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Stock Analysis

Description

  1. RateGain Travel Technologies Limited is a global SaaS provider in the travel and hospitality industry, offering distribution technology and revenue management solutions.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

2nd Apr 26
Impact Rating: 8
RateGain Travel Technologies has formed a strategic partnership with Razorpay, making them a Platinum Partner for RG Pay. This alliance aims to integrate Razorpay's payment gateway, enhancing checkout experiences, reducing friction, and improving booking completion for global travel and hospitality businesses.
27th Mar 26
Impact Rating: 5
RateGain Travel Technologies will close its trading window for transacting securities from April 1, 2026. The window will reopen 48 hours after the dissemination of financial results for the quarter and year ended March 31, 2026.
26th Mar 26
Impact Rating: 6
On March 26, 2026, RateGain Travel Technologies approved granting 67,631 equity shares under its employee stock scheme at ₹750 per share. These shares are subject to a 4-year lock-in period, with staged vesting over four years, followed by a 3-year exercise period.
26th Mar 26
Impact Rating: 6
RateGain Travel Technologies Limited approved the allotment of 41,309 equity shares under its SAR 2022 and ESOP 2015 schemes. The value of this allotment is ₹0.41 lakh (₹0.00 cr), increasing paid-up capital from Rs. 11.81 crore to Rs. 11.82 crore.
26th Mar 26
Impact Rating: 7
RateGain Travel Technologies is partnering with Cashfree Payments as a Platinum Partner for RG Pay. This collaboration will integrate payment gateways to enable travel brands to offer better local payment options and improve transaction success rates globally.