Incorporated in 2007, Le Travenues Technology Ltd is running online platforms to provide information and booking services for the travel industry. It also provides software development & maintenance services to its customer[1][2]
Business Overview:[1][2][3]LTTL, India’s second-largest technology-driven Online Travel Agency, helps travelers plan, book, and manage trips across trains, flights, buses, and hotels. With 480 million Annual Active Users, its brands—ixigo, Confirmtkt, and abhibus—offer tailored solutions for specific travel needs, leveraging proprietary algorithms and crowd-sourced information to deliver utility tools and services.
| 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. | I R C T C | 675.55 | 40.41 | 54044.00 | 1.18 | 341.86 | 9.69 | 1145.99 | 7.71 | 49.03 | 4798.86 | 33.42 | 1337.24 | 337.64 | 12.69 | 19.87 | 0.02 |
| 2. | TBO Tek | 1647.60 | 80.46 | 17890.92 | 0.00 | 67.55 | 12.41 | 567.51 | 25.92 | 26.68 | 1947.11 | 14.49 | 222.36 | 67.55 | 12.91 | 3.87 | 0.52 |
| 3. | BLS Internat. | 316.45 | 21.64 | 13029.54 | 0.32 | 185.70 | 26.77 | 736.63 | 48.81 | 33.62 | 2652.82 | 28.24 | 602.04 | 175.23 | 6.12 | 24.22 | 0.19 |
| 4. | Le Travenues | 233.35 | 148.09 | 10210.91 | 0.00 | 9.23 | -35.54 | 279.21 | 35.23 | 14.66 | 1112.35 | 7.48 | 68.95 | 9.23 | 13.25 | 8.04 | 0.04 |
| 5. | Thomas Cook (I) | 144.12 | 28.04 | 6779.12 | 0.31 | 70.75 | -21.45 | 2073.84 | 3.50 | 18.69 | 8511.67 | 5.27 | 241.78 | 50.97 | 2.87 | 3.91 | 0.22 |
| 6. | Yatra Online | 174.56 | 49.34 | 2739.13 | 0.00 | 14.28 | 95.62 | 350.87 | 48.42 | 5.34 | 1014.91 | 7.65 | 55.51 | 14.28 | 3.37 | 2.88 | 0.07 |
| 7. | Easy Trip Plann. | 7.37 | 49.57 | 2680.36 | 0.00 | -36.04 | -85.52 | 118.34 | -18.20 | 20.89 | 522.18 | 12.42 | 54.07 | 3.75 | 3.10 | 10.70 | 0.04 |
| – | Median: 11 Co. | 233.35 | 40.0 | 2739.13 | 0.0 | 9.23 | -14.0 | 279.21 | 12.25 | 24.07 | 1014.91 | 14.49 | 55.51 | 9.23 | 3.24 | 8.04 | 0.06 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 170.59 | 240.81 | 155.86 | 181.88 | 310.86 | 136.94 | 164.82 | 281.47 | 161.53 | 206.47 | 279.21 |
Expenses | 152.38 | 219.62 | 145.06 | 165.17 | 284.56 | 122.61 | 149.46 | 256.55 | 160.50 | 188.57 | 268.43 |
Operating Profit | 18.21 | 21.19 | 10.80 | 16.71 | 26.30 | 14.33 | 15.36 | 24.92 | 1.03 | 17.90 | 10.78 |
Other Income | 2.04 | 5.26 | 1.84 | 0.40 | 6.94 | -3.71 | 3.15 | 5.92 | 2.12 | 5.24 | 5.19 |
Profit before tax | 16.74 | 23.29 | 9.77 | 14.17 | 29.70 | 7.62 | 15.41 | 27.59 | -0.01 | 20.18 | 12.32 |
Tax % | -100.36% | 25.42% | 0.00% | 22.23% | 25.12% | 21.00% | 33.42% | 27.11% | -4,300.00% | 25.97% | 25.08% |
Net Profit | 33.54 | 17.36 | 9.77 | 11.03 | 22.24 | 6.02 | 10.25 | 20.12 | 0.42 | 14.94 | 9.23 |
EPS in Rs | 0.90 | 0.45 | 0.26 | 0.28 | 0.57 | 0.16 | 0.27 | 0.52 | 0.01 | 0.38 | 0.24 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | 109 | 152 | 121 | 253 | 330 | 653 | 911 | 1,112 |
Expenses | 151 | 159 | 118 | 285 | 330 | 607 | 830 | 1,029 |
Operating Profit | -42 | -7 | 3 | -31 | 0 | 45 | 81 | 83 |
Other Income | 5 | 1 | 3 | 6 | 3 | 9 | 17 | 23 |
Interest | 0 | 0 | 2 | 3 | 1 | 2 | 2 | 2 |
Depreciation | 3 | 1 | 1 | 5 | 7 | 11 | 10 | 11 |
Profit before tax | -40 | -8 | 2 | -33 | -5 | 42 | 85 | 93 |
Net Profit | -40 | -8 | 8 | -32 | 5 | 54 | 63 | 69 |
EPS in Rs | -916.51 | -174.82 | 175.75 | -0.87 | 0.12 | 1.45 | 1.63 | 1.78 |
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 | 0.04 | 0.04 | 0.04 | 37 | 37 | 37 | 39 | 39 |
Reserves | 14 | 7 | 20 | 336 | 356 | 391 | 580 | 649 |
Borrowings | 3 | 0 | 15 | 7 | 7 | 46 | 40 | 25 |
Other Liabilities | 36 | 74 | 63 | 92 | 98 | 138 | 224 | 271 |
Total Liabilities | 54 | 81 | 98 | 473 | 499 | 612 | 883 | 983 |
Fixed Assets | 2 | 1 | 4 | 196 | 188 | 271 | 270 | 280 |
Gross Block | 20 | 20 | 8 | 202 | 198 | 298 | 305 | – |
Accumulated Depreciation | 19 | 19 | 4 | 5 | 11 | 27 | 35 | – |
CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
Investments | 6 | 10 | 27 | 102 | 136 | 68 | 118 | 144 |
Other Assets | 47 | 70 | 68 | 174 | 173 | 272 | 495 | 559 |
Total Assets | 54 | 81 | 98 | 473 | 499 | 612 | 883 | 983 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -44 | 32 | -15 | -40 | 19 | 39 | 120 |
Cash from Investing Activity | 49 | -5 | -17 | -216 | 14 | -39 | -203 |
Cash from Financing Activity | 0 | -3 | 14 | 258 | -2 | -44 | 104 |
Net Cash Flow | 6 | 24 | -18 | 3 | 31 | -45 | 21 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Debtor Days | 78 | 56 | 80 | 12 | 13 | 15 | 15 |
Inventory Days | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – |
Cash Conversion Cycle | 78 | 56 | 80 | 12 | 13 | 15 | 15 |
Working Capital Days | -12 | -79 | -93 | -37 | -29 | -23 | -23 |
ROCE % | – | -58% | 16% | -15% | 1% | 9% | 15% |
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Stock Analysis
Le Travenues Technology Ltd (ixigo) is a leading technology-driven Online Travel Agency (OTA) that helps travelers plan, book, and manage trips across trains, flights, buses, and hotels. It operates platforms like ixigo, Confirmtkt, and abhibus, leveraging AI and proprietary algorithms.
Focus on AI-first strategy for customer experience and operational efficiency, expansion of its hotel business, strategic partnerships, and targeting the 'Next Billion Users' segment. Significant capital infusion from MIH Investments (Prosus) is earmarked for organic/inorganic growth.
Currently no data available for Order Book.
Stock has a high P/E ratio. Reported a net loss in Q2 FY26 due to ESOP expenses. Received Show Cause Notices from tax authorities, posing potential financial liabilities.
Q3 FY26 Results and Earnings Call expected around mid-February 2026. Follow-up on tax notice resolutions. Progress on deployment of funds from preferential allotment.
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