B2B travel management company that acts as an air-ticket consolidator, giving small and mid-sized travel agents across India access to airline inventory, credit and booking technology.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 2 | 10 | 14 | 15 |
| Reserves | 2 | 3 | 7 | 5 | 28 | 30 |
| Borrowings | 5 | 13 | 18 | 26 | 26 | 19 |
| Other Liabilities | 6 | 9 | 27 | 20 | 21 | 34 |
| Total Liabilities | 15 | 26 | 53 | 61 | 90 | 98 |
| AssetsFixed Assets | 1 | 3 | 3 | 2 | 2 | 10 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 14 | 23 | 51 | 59 | 88 | 88 |
| Total Assets | 15 | 26 | 53 | 61 | 90 | 98 |
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ActivitiesCash from Operating | 4 | -6 | -0 | -13 | -7 |
| Cash from Investing | -5 | -2 | 2 | 1 | -10 |
| Cash from Financing | -3 | 8 | 4 | 10 | 14 |
| SummaryCapital Expenditure | — | — | — | — | — |
| Free Cash Flow | 3 | -8 | -1 | -14 | -9 |
| FCF Margin | — | — | — | — | — |
The Earnings Per Share over the last 12 months.
Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).
Pre-filled with the lower of median (2.6×) and current (2.9×) PE — the conservative anchor.
The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.
At 10% growth and a 3× exit, ₹31 only delivers your return if you pay ₹22. The price is currently baking in 17% growth.
EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 3×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 10.0% | 11.72 |
| FY28 | 10.0% | 12.89 |
| FY29 | 10.0% | 14.18 |
| FY30 | 10.0% | 15.59 |
| FY31 | 10.0% | 17.15 |
| FY32 | 8.0% ·fade | 18.52 |
| FY33 | 6.0% ·fade | 19.64 |
Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.
Guides on how to read this kind of business and the numbers that matter.