RATEGAIN
OVERVALUEDRateGain Travel Technologies
IT · NSE
↓ 110.8% vs fair value
52W Low
₹413
+21.1% from low
52W High
₹742
-32.6% from high
Valuation Gauge
Current Price
₹500
Fair Value
₹237
Fair Value Analysis
₹237
Based on free cash flow projections and earnings growth potential for IT sector companies | ROCE improving (latest 13.8%) — capital allocation becoming more efficient. | Growth capped at 11.3% (ROE 9.8%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹11Cr (FY2019) to ₹-29Cr (FY2021) during COVID but has fully recovered.
Cash Flow Analysis
50% weight
Growth Valuation
50% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 9.8% is below the IT sector benchmark of 20%
Debt & Leverage
D/E ratio of 0.0x is well within the IT sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 32.4x trades at a 39% discount to IT sector median (53x) — attractively valued
Cash Flow
FCF margin of 10.5% — strong cash generation (₹113 Cr)
Earnings Growth
5yr EPS CAGR of 191.7% is well above the IT sector average of 14.2% — strong growth
Dividend
No dividend — typical for growth-stage companies
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
1.4%
Free cash flow / market cap
Revenue Growth (YoY)
+93.5%
Year-on-year revenue change
Profit Growth (YoY)
-54.4%
Year-on-year PAT change
Operating Cash Flow
₹120 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹15.2
P/E Ratio
32.4x
P/B Ratio
3.1x
ROE
9.9%
ROCE
16%
Debt / Equity
0.01x
Beta
0.5
Div Yield
—
FCF (Cr)
₹113 Cr
Revenue (Cr)
₹1,077 Cr
EPS Growth 5Y
191.7%
Mkt Cap (Cr)
₹5,828 Cr
52W High
₹741.6
52W Low
₹412.9
Book Value/Share
₹156.5
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹1.4K Cr | ₹251 Cr | 18.0% | ₹179 Cr | ₹15.17 |
| 2025-03-31 | ₹1.1K Cr | ₹234 Cr | 22.0% | ₹209 Cr | ₹17.70 |
| 2024-03-31 | ₹957 Cr | ₹191 Cr | 20.0% | ₹145 Cr | ₹12.34 |
| 2023-03-31 | ₹565 Cr | ₹87 Cr | 15.0% | ₹68 Cr | ₹6.31 |
| 2022-03-31 | ₹367 Cr | ₹32 Cr | 9.0% | ₹8 Cr | ₹0.78 |
| 2021-03-31 | ₹251 Cr | ₹7 Cr | 3.0% | ₹-29 Cr | ₹-436.20 |
| 2020-03-31 | ₹399 Cr | ₹-24 Cr | -6.0% | ₹-20 Cr | ₹-306.87 |
| 2019-03-31 | ₹262 Cr | ₹23 Cr | 9.0% | ₹11 Cr | ₹168.40 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
IT| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Dolat Algotech Limited | ₹72 | ₹550.4 | +86.9% | 10.3 | 20.4% | UNDERVALUED |
Ceinsys Tech Limited | ₹995 | ₹4,355.2 | +77.2% | 16.5 | 25.5% | UNDERVALUED |
Shilchar Technologies Limited | ₹4,058.1 | ₹14,624.9 | +72.3% | 24.6 | 43.9% | UNDERVALUED |
Kellton Tech Solutions Limited | ₹15.2 | ₹50.5 | +70.0% | 8.7 | 12.7% | UNDERVALUED |
Onward Technologies Limited | ₹232 | ₹669.5 | +65.3% | 11.6 | 19.3% | UNDERVALUED |
Radhika Jeweltech Limited | ₹57.9 | ₹159.1 | +63.6% | 8.3 | 18.7% | UNDERVALUED |
Cigniti Technologies Limited | ₹1,202.5 | ₹2,990.5 | +59.8% | 11 | 26.8% | UNDERVALUED |
Ducon Infratechnologies Limited | ₹3.3 | ₹6.6 | +49.2% | 7.7 | 10.1% | UNDERVALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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