RateGain Travel Technologies Limited

NSE: RATEGAIN · Computers - Software & Consulting

52W Range₹418 ₹997

Snapshot

Unlock RateGain Travel Technologies Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

RateGain Travel Technologies Limited is a global SaaS provider offering AI-driven solutions for the hospitality and travel sectors. Its platform facilitates revenue management, distribution, and market intelligence for airlines, hotels, and travel intermediaries.

Business Model

The company operates on a SaaS-based subscription model, providing integrated software solutions that enable travel and hospitality providers to optimise pricing, manage distribution channels, and improve reservation connectivity.

Growth Outlook

Growth is driven by the increasing digitisation of the global travel industry and the rising demand for AI-enabled revenue management and distribution tools. The company continues to expand its product suite to serve a diverse range of travel verticals including rail, cruises, and vacation rentals.

Key Risks

  • Cyclicality of Travel Industry. The company's financial performance is highly sensitive to global travel demand, which can be severely impacted by macroeconomic downturns or geopolitical instability.
  • Technological Obsolescence. Rapid advancements in AI and travel-tech require continuous R&D investment to maintain a competitive edge against emerging niche players and large global software incumbents.
  • Data Security and Privacy. As a processor of sensitive travel and pricing data, the company faces significant risks related to cyberattacks and evolving global data protection regulations.
  • Customer Concentration. Reliance on major hotel chains and airline groups for a significant portion of revenue creates vulnerability if key client contracts are lost or renegotiated.

Price

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Key Metrics

REVENUE

₹1,824 Cr

TTM · consolidated

+69.4%YoY

NET PROFIT

₹194 Cr

TTM · consolidated

-7.0%YoY

EPS

₹16.47

TTM · consolidated

-7.1%YoY

RETURN ON EQUITY

11.0%

TTM · consolidated

-2.9 ppYoY

RETURN ON CAPITAL EMPLOYED

14.1%

TTM · consolidated

-3.7 ppYoY

P/E

59.0x

Q4 FY26 · consolidated

59.0 vs 376.2x5Y avg

EV/EBITDA

30.7x

Q4 FY26 · consolidated

30.7 vs 207.0x5Y avg

EBITDA MARGIN

21.9%

TTM · consolidated

-6.7 ppYoY

NET PROFIT MARGIN

9.8%

Q4 FY26 · consolidated

-11.2 ppYoY

DEBT TO EQUITY

0.5x

Q4 FY26 · consolidated

+0.46xYoY

Peers · Computers - Software & Consulting

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
RateGain Travel Technologies LimitedRATEGAIN
5,67659.0030.7269.4%21.9%11.0%14.1%+107.3%
Sonata Software Ltd.SONATSOFTW
6,51818.4110.325.4%7.9%26.5%30.8%-29.3%
Newgen Software Technologies Ltd.NEWGEN
6,21025.3415.965.9%30.0%19.0%23.3%-50.3%
Happiest Minds Technologies Ltd.HAPPSTMNDS
6,02327.0114.3812.3%21.1%13.3%17.6%-39.5%
Latent View Analytics Ltd.LATENTVIEW
5,46031.8419.7425.0%29.4%12.9%15.9%-29.1%
Mastek LimitedMASTEK
4,44913.558.007.0%17.6%15.6%18.3%-30.9%

As of Q4 FY26

Financials