RATEGAINInformation Technology

Rategain Travel Technologies Limited

Computers - Software & Consulting · ISIN INE0CLI01024 · BSE 543417 · NSE EQ · FV ₹1
Last price
₹865
+0.52%today
What this company does

Rategain Travel Technologies Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹785 cr of revenue in its latest quarter (Q1 FY27) and kept 12.1% of sales as profit.

Bringing AI to Every Travel and Hospitality Provider For over two decades, we have redefined how the travel and hospitality industry operates, starting with competitive pricing tools and evolving into a leading SaaS provider powered by AI and machine learning.
In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns68

How much profit it earns on the money it employs

Balance sheet27

How much it owes, and whether earnings cover the interest

Cash quality82

Whether reported profit actually arrives as cash

Growth & consistency91

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 188% vs last year
Profit up 102% vs last year
Promoters hold 49%
No promoter shares pledged
Strong 19% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in RATEGAIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹865 +0.52%
latest close · 2026-09-17
52-wk low ₹244175 sessions so far52-wk high ₹1,050
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.9Average
LowAverageHigh
P/B ratio5.11High
Below bookModerateHigh
EV / EBITDA15.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.9%Strong
WeakFairStrong ▸15%
Return on capital19.0%Strong
WeakFairStrong
Net margin12.1%Decent
ThinDecentStrong
EBITDA margin22.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.46Comfortable
LowModerateHigh ▸1
Interest cover8.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.41Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹10,243 cr
Book value
₹169
EPS
₹8.03
latest quarter
Net debt
₹748 cr
owes more than its cash
Enterprise value
₹10,992 cr
EBITDA
₹698 cr
annualised
EBIT
₹548 cr
annualised
Operating margin
17.5%
Return on assets
10.7%
Earnings yield
3.71%
P/S
3.26
Sales / share
₹265.3
Tax rate
21.3%
Face value
₹1
Shares
11.8 cr
Working capital
₹279 cr
Current assets
₹955 cr
Current liabilities
₹676 cr
Delivery %
50.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹142₹287, midpoint ₹226

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹785 cr
Other Income₹3 cr
Total Income₹788 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹295 cr
Finance Costs₹17 cr
Depreciation & Amortisation₹38 cr
Other Expenses₹319 cr
Total Expenses₹668 cr
Profit before Tax₹121 cr
Tax Expense₹26 cr
Net Profit₹95 cr
Net margin on total income12.0%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹295 cr37.4%
Finance costs₹17 cr2.1%
Depreciation & amortisation₹38 cr4.8%
Other expenses₹319 cr40.4%
Tax expense₹26 cr3.3%
Profit for the period₹95 cr12.0%
Total income ₹788 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue540 cr716 cr785 cr
Total income557 cr718 cr788 cr
Expenses493 cr622 cr668 cr
Profit before tax29 cr96 cr121 cr
Tax2 cr26 cr26 cr
Net profit (owners' share)26 cr70 cr95 cr
Net margin (owners' share, on revenue)4.9%9.8%12.1%
EPS (₹)2.245.938.03
YoY (latest quarter): total income +168.5% · net profit +102.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,560 cr
Shareholder equity
₹2,006 cr
parent shareholders
Total debt
₹921 cr
Cash
₹173 cr
Cash flow · H1 FY26
Operating
₹50 cr
Investing
₹6 cr
Financing
₹-2 cr
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limited₹2,190₹7.93 L cr14.8
Infosys Limited₹1,059₹4.29 L cr13.8
HCL Technologies Limited₹1,258₹3.42 L cr18.4
Wipro Limited₹166₹1.65 L cr13.0
Tech Mahindra Limited₹1,561₹1.38 L cr23.6
LTM Limited₹4,265₹1.26 L cr21.6
Persistent Systems Limited₹5,473₹86,337 cr44.3
Coforge Limited₹1,793₹79,340 cr36.3
MphasiS Limited₹2,320₹44,284 cr22.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
48.8%
FII / Foreign
5.8%
DII / Domestic
20.9%
Retail / others
24.6%
Promoter stake down 2.5% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE25026 Aug 26
short · NSE20021 Aug 26
short · NSE1010 Aug 26
Stake changes
SoldICICI Prudential Mutual Fund→ 2.98% · 24.43 L29 May 26
BoughtSundaram Large and Mid Cap Fund→ 5.47% · 9.42 L22 May 26
BoughtSundaram Mutual Fund→ 5.47% · 9.42 L22 May 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Adoption of Financial Statements
Backed by 100% of shareholders other than promotersneeded 50%
3.71 cr votes for, 554 against · 0% of mutual funds and other big investors said no
2
Appointment of Mr. Nishant Kanuru Rao (DIN: 08972606) as a Director, liable to retire by rotation
Backed by 100% of shareholders other than promotersneeded 50%
3.71 cr votes for, 87,783 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Aakrit Ajay Kumar Vaish (DIN: 05113028) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
3.71 cr votes for, 351 against · 0% of mutual funds and other big investors said no
4
Appointment of M/s RMG & Associates, Company Secretaries, as Secretarial Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
3.71 cr votes for, 386 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 48.8% between them · as of 2026-06-30
BHANU CHOPRA38.31%
MEGHA CHOPRA9.41%
USHA CHOPRA1.05%
RUHAAN SHANKAR CHOPRA0.01%
Business done with them
FY2025 · 1 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 0.6% of its ₹1,077 cr revenue.
BHANU CHOPRA
Other payments to them · Travelling expenses Short term employee benefits Post employment benefits
also owns 38.31% of the company
₹6 cr
company paid
BHANU CHOPRA
Description Of Nature Of Related Party Relationship · Travelling expenses Short term employee benefits Post employment benefits
also owns 38.31% of the company
₹0 L
company received

The company also transacted with 9 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹59 cr raised in Nov 2023 by selling shares to large investors

As of Dec 2025, the company says it has spent 100% of what it set aside. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Strategic investments, acquisitions, and inorganic growth
originally ₹59 cr
budget changed
100%
₹59 cr of ₹59 cr
Spent by quarter: 0%0%0%100% (to Dec 2025)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.