Trade-Wings

BSE: TRADWIN · Tour, Travel Related Services

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52W Range₹56 – ₹846

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Snapshot

Unlock Trade-Wings's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Trade-Wings Limited is a diversified travel and logistics company providing air ticketing, hotel reservations, visa processing, and leisure tour packages. The company also operates in cargo handling, foreign exchange services, and vocational training through the Trade-Wings Institute of Management.

Business Model

The company generates revenue through service fees and commissions from travel bookings, logistics and cargo handling operations, and tuition fees from its management institute. It serves both corporate and retail clients through a network of branches across India.

  • Establishment Year:1949

Growth Outlook

Growth is expected to be driven by the expansion of its logistics and cargo handling services alongside the continued demand for vocational training in the aviation and hospitality sectors. The company leverages its long-standing brand presence to maintain its market share in the Indian travel industry.

Key Risks

  • Economic Sensitivity. The travel and tourism sector is highly susceptible to economic downturns which can significantly reduce discretionary spending on leisure travel.
  • Regulatory and Geopolitical Risk. Changes in visa regulations, international travel policies, or geopolitical instability can adversely impact the company's core travel and ticketing operations.
  • Intense Competition. The company faces stiff competition from online travel agencies and large-scale logistics providers that may offer more aggressive pricing or digital-first solutions.
  • Operational Dependency. Reliance on third-party service providers such as airlines and hotels creates exposure to service disruptions and margin compression.

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Key Metrics

REVENUE

₹262 Cr

TTM · consolidated

+1.1%YoY

NET PROFIT

₹6 Cr

TTM · consolidated

+1.6%YoY

EPS

₹20.93

TTM · consolidated

+41.2%YoY

RETURN ON EQUITY

60.1%

TTM · consolidated

+134.8 ppYoY

RETURN ON CAPITAL EMPLOYED

75.1%

TTM · consolidated

-8.1 ppYoY

P/E

22.0x

Q4 FY26 · consolidated

22.0 vs -108.2x5Y avg

EV/EBITDA

12.6x

Q4 FY26 · consolidated

12.6 vs 34.0x5Y avg

EBITDA MARGIN

4.5%

TTM · consolidated

-0.3 ppYoY

NET PROFIT MARGIN

4.3%

Q4 FY26 · consolidated

-0.4 ppYoY

DEBT TO EQUITY

2.0x

Q4 FY26 · consolidated

+0.03xYoY

Peers · Tour, Travel Related Services

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Trade-WingsTRADWIN
₹132 Cr21.9812.591.1%4.5%60.1%75.1%—
Waterways Leisure Tourism LimitedCORDELIA
₹8,178 Cr———20.0%———
Le Travenues Technology LimitedIXIGO
₹7,190 Cr83.0348.6720.8%11.2%6.5%8.8%-42.9%
Thomas Cook (India) LimitedTHOMASCOOK
₹4,945 Cr21.477.48-4.3%7.0%8.8%11.8%-36.6%
Easy Trip Planners LimitedEASEMYTRIP
₹2,339 Cr22.15236.101.5%1.7%-7.9%-6.4%-29.1%
Yatra OnlineYATRA
₹1,706 Cr49.9118.149.3%9.5%3.9%5.5%-31.3%

As of Q4 FY26

Financials