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RateGain Travel Technologies Limited

RATEGAINNSE
Market snapshot · 2026-08-10 21:12 UTC

932.55

₹-16.60 (-1.75%)

MARKET CAP

₹11.04K Cr

STOCK P/E

56.8x

52W HIGH

₹1,050.00

52W LOW

₹437.00

BOOK VALUE

₹169.85

EPS

₹16.42

ROE

SECTOR

Information Technology

DEBT/EQUITY

47.30

VOLUME

8.43L

P/B RATIO

5.49x

PEG RATIO

0.57

Sector

Information Technology

Themes

Software ServicesAi
E
Earnings
₹950.70₹830.21₹709.73₹589.24₹468.75VolumeEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

RateGain Travel Technologies is a SaaS company serving hospitality and travel businesses. Data-as-a-service provides rate intelligence, revenue optimization, and travel-intent analytics across hotels, airlines, rentals, and tour operators. Distribution products connect enterprises with metasearch platforms and GDS networks, while Martech supports managed media and social media services. Sojern consolidation lifted Q1FY27 consolidated profit 102%, improving scale and supporting margin expansion. Despite 69.4% revenue growth, profit declined 7.0% overall and margins remain under pressure, indicating uneven earnings conversion. ROE is unavailable, while debt/equity of 47.3 implies leverage can amplify reported returns but increases financial risk. At 57.8 times earnings, the stock trades at a premium to its growth-adjusted fundamentals and appears overvalued. Positive sentiment depends on sustaining Sojern-led synergies and reversing underlying margin compression.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for RATEGAIN.

10.00 analysts

Price Forecast

Current
₹932.55
High Target
₹1,350
▲ +44.8%
Median Target
₹1,120
▲ +20.1%
Low Target
₹650.00
▼ -30.3%
Now₹932.55High ₹1,350Median ₹1,120Low ₹650.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
10 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹754.77 - ₹1,31280%
6M₹718.33 - ₹1,57180%
12M₹695.82 - ₹2,10480%
Realized vol: +43.2% · Drift: +35.4%

Revenue Forecast

₹ Cr
Jun '26Current₹68.0
Sep 2026 ETrend estimate range
High₹79.4Base₹73.5Low₹67.6
Sep '25: ₹64.0 · Dec '25: ₹63.0 · Mar '26: ₹64.0 · Jun '26: ₹68.0 · Sep '26: ₹73.5 · Dec '26: ₹72.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E64.063.064.068.073.572.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹0.36
Sep 2026 ETrend estimate range
High₹1.35Base₹1.20Low₹1.06
Sep '25: ₹1.72 · Dec '25: ₹0.02 · Mar '26: ₹0.99 · Jun '26: ₹0.36 · Sep '26: ₹1.20 · Dec '26: ₹0.01
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1.720.020.990.361.200.01
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
41%
Analyst Consensus
Weakening

From 10 analysts

Mean upside+17.6%

Fundamentals

Weakening

Fundamentals institutional score is 25 using growth durability 24.6.

Valuation

Premium valuation

Valuation institutional score is 34 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 58 using mean target upside 17.6%; dispersion penalty 25.5; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 46 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 6 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. Available evidence provides partial support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,097.1 target
Mean Upside+17.6%
Technical Score46%
Fundamental Score25%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 40.8% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.32). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹36.71. Applying the stock's normalized valuation corridor produces a fair range of ₹1,278.98 to ₹1,649.01, with base value near ₹1,506.95 (+61.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹36.71

Forward P/E

25.4x

Base Fair Value

₹1,506.95

Fair Range

₹1,278.98 - ₹1,649.01

Upside To Base

+61.6%

Estimate Source

Live forward EPS

Growth Estimate

+101.5%

P/E
Strongly Overvalued

5Y Average

33.42

Current

57.80

Overvalued

44.92

Undervalued

34.84

P/S
Strongly Overvalued

5Y Average

2.80

Current

4.76

Overvalued

3.22

Undervalued

2.38

P/B
Strongly Overvalued

5Y Average

4.02

Current

5.49

Overvalued

4.63

Undervalued

3.42

Peers & Comparison

Sector: Information Technology · Theme: Software Services

Software Services Peers8 peers
Avg P/E: 47.3x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
BLACK BOX LIMITED
BBOXSoftware Services
+9.5%3.4%
59.8x
Premium
+26% vs avg
+49.0%
TATA ELXSI LIMITED
TATAELXSISoftware Services
+14.5%16.7%
36.2x
Undervalued
-23% vs avg
-33.4%
C.E. INFO SYSTEMS LIMITED
MAPMYINDIASoftware Services
+14.9%28.0%
39.2x
Undervalued
-17% vs avg
-44.0%
CYIENT LIMITED
CYIENTSoftware Services
+21.3%5.0%
25.1x
Undervalued
-47% vs avg
-26.3%
L&T TECHNOLOGY SER. LTD.
LTTSSoftware Services
+2.6%11.7%
29.7x
Undervalued
-37% vs avg
-13.2%
NEWGEN SOFTWARE TECH LTD
NEWGENSoftware Services
+11.2%19.5%
25.4x
Undervalued
-46% vs avg
-36.4%
PINE LABS LIMITED
PINELABSSoftware Services
+19.6%4.5%
147.2x
Premium
+211% vs avg
-38.4%
TANLA PLATFORMS LIMITED
TANLASoftware Services
+17.8%11.6%
15.7x
Undervalued
-67% vs avg
-0.4%
WHY THESE PEERS

RATEGAIN TRAVEL TECHN LTD trades at a premium (56.8x vs peer avg 47.3x), implying higher growth or quality expectations from the Software Services cohort. Peers include BLACK BOX LIMITED, TATA ELXSI LIMITED, C.E. INFO SYSTEMS LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹68 CrJun 2026

Latest net profit

₹4.21 CrJun 2026

Latest EPS

₹0.36Jun 2026

Net margin

7.4%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr20 Cr40 Cr60 Cr80 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr20 Cr40 Cr60 Cr80 Cr₹0₹0₹1₹1₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr20 Cr40 Cr60 Cr80 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-550 Cr0.00 Cr550 Cr1.10K Cr1.65K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +38.4239.1846.5349.2749.4549.1253.4858.3858.8663.5362.6463.7868.19
Expenses +36.9641.0937.2742.2945.5245.3945.3940.1552.1354.3455.1053.0163.17
Operating Profit1.46-1.919.266.983.933.738.0918.236.739.197.5410.775.02
OPM %3.80%-4.87%19.90%14.17%7.95%7.59%15.13%31.23%11.43%14.47%12.04%16.89%7.36%
Other Income +6.488.8514.0518.4616.0916.3018.4118.6118.8119.36-4.385.822.16
Interest0.310.330.300.290.290.290.280.270.260.260.250.230.23
Depreciation0.690.990.500.800.841.221.151.081.131.181.201.171.27
Profit before tax6.945.6222.5124.3518.8918.5225.0735.4924.1527.111.7115.195.68
Tax %25.65%26.69%26.08%26.37%24.30%27.70%28.92%24.96%25.26%25.19%83.04%22.84%25.88%
Net Profit +5.174.1316.6417.9314.3013.3917.8226.6318.0620.270.2911.734.21
EPS in Rs0.480.381.411.521.211.141.512.261.531.720.020.990.36
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.17%48.16%48.16%48.15%48.77%
FII7.60%5.51%5.49%4.97%5.35%
DII23.06%23.60%21.64%20.68%20.92%
Public11.73%13.14%13.91%15.47%14.53%
Others9.44%9.59%10.80%10.73%10.43%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 06, 2026PDFCompany Reports Open