YATRAConsumer Discretionary

Yatra Online Limited

Tour, Travel Related Services · ISIN INE0JR601024 · BSE 543992 · NSE EQ · FV ₹1
Last price
₹104
+1.66%today
What this company does

Yatra Online Limited operates in Tour, Travel Related Services, part of the Consumer Discretionary sector. It booked ₹188 cr of revenue in its latest quarter (Q1 FY27) and kept 0.2% of sales as profit. It is the 7th largest of 8 Tour, Travel Related Services companies we track, by market value.

Yatra Online Limited (Yatra) is India's largest corporate travel service provider and one of India's leading consumer travel companies, committed to creating happy travelers.
In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 63–421 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)
40

At close. Not part of the score.

Profitability & returns19

How much profit it earns on the money it employs

Balance sheet54

How much it owes, and whether earnings cover the interest

Cash quality46

Whether reported profit actually arrives as cash

Valuation27

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 63%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 0.2% net margin
! Sales down 10% vs last year
! Profit down 98% vs last year
! Low 0.2% return on equity

What if I invest in YATRA?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹104 +1.66%
latest close · 2026-09-17
52-wk low ₹10142 sessions so far52-wk high ₹122
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 ratio1,302.0High
LowAverageHigh
P/B ratio1.97Moderate
Below bookModerateHigh
EV / EBITDA24.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity0.2%Weak
WeakFairStrong ▸15%
Return on capital2.5%Weak
WeakFairStrong
Net margin0.2%Thin
ThinDecentStrong
EBITDA margin8.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover1.2×Risky
RiskyOkayStrong ▸5×
Current ratio2.08Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,634 cr
Book value
₹53
EPS
₹0.02
latest quarter
Net debt
₹-75 L
more cash than debt
Enterprise value
₹1,634 cr
EBITDA
₹66 cr
annualised
EBIT
₹22 cr
annualised
Operating margin
2.9%
Return on assets
0.1%
Earnings yield
0.08%
P/S
2.17
Sales / share
₹47.9
Tax rate
56.4%
Face value
₹1
Shares
15.7 cr
Working capital
₹495 cr
Current assets
₹954 cr
Current liabilities
₹459 cr
Delivery %
46.0%
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 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹52 vs market price ₹104 — price is 99% above it
Safety cushion-99.4%(target ≥ +20%)
Models span ₹52₹53, midpoint ₹52
Model ₹52
Price ₹104
Cheap sideExpensive side

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₹188 cr
Other Income₹4 cr
Total Income₹192 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹46 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹11 cr
Other Expenses₹130 cr
Total Expenses₹191 cr
Profit before Tax₹77.8 L
Tax Expense₹43.9 L
Net Profit₹33.9 L
Net margin on total income0.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹46 cr23.7%
Finance costs₹5 cr2.4%
Depreciation & amortisation₹11 cr5.8%
Other expenses₹130 cr67.6%
Tax expense₹43.9 L0.2%
Profit for the period₹33.9 L0.2%
Total income ₹192 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue257 cr189 cr188 cr
Total income262 cr199 cr192 cr
Expenses249 cr194 cr191 cr
Profit before tax9 cr6 cr77.8 L
Tax67 L-3 cr43.9 L
Net profit (owners' share)8 cr8 cr33.9 L
Net margin (owners' share, on revenue)3.2%4.3%0.2%
EPS (₹)0.530.520.02
YoY (latest quarter): total income -10.8% · net profit -97.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,336 cr
Shareholder equity
₹830 cr
parent shareholders
Total debt
₹72 cr
Cash
₹72 cr
Cash flow · H1 FY26
Operating
₹91 cr
Investing
₹-31 cr
Financing
₹-60 cr
Peer comparison
Tour, Travel Related Services · by market value
CompanyPriceMarket capP/E
Indian Railway Catering And Tourism Corporation Limited₹457₹36,560 cr27.7
TBO Tek Limited₹1,648₹17,892 cr53.0
BLS International Services Limited₹228₹9,377 cr12.3
Le Travenues Technology Limited₹160₹7,022 cr54.8
Thomas Cook (India) Limited₹103₹4,865 cr16.8
Easy Trip Planners Limited₹6₹2,307 cr
Yatra Online Limitedthis company₹104₹1,634 cr1,302.0
Waterways Leisure Tourism Limited₹110₹794 cr7.9
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
62.7%
FII / Foreign
5.0%
DII / Domestic
11.3%
Retail / others
21.1%
Promoter stake down 1.8% over the last 12 quarters.
Smart-money activity
Bulk / block deals
BoughtUNITY ASSOCIATES · NSE9.94 L @ ₹115.6213 Aug 26
SoldUNITY ASSOCIATES · NSE69,128 @ ₹118.3513 Aug 26
SoldMANSI SHARE AND STOCK BROKING PRIVATE LIMITED · NSE11.64 L @ ₹116.0813 Aug 26
Stake changes
SoldICICI Prudential Mutual Fund→ 3.30% · 31.76 L13 Oct 25
SoldBandhan Mutual Fund (through its various schemes)→ 2.97% · 9.93 L6 Oct 25
SoldICICI Prudential Mutual Fund→ 5.32% · 33.47 L20 Aug 25
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 · 15 Sep 2026
See the official result
1
To receive, consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026 together with the reports of Auditors and Board of Directors thereon.
Backed by 58% of shareholders other than promotersneeded 50%
1.25 cr votes for, 92.31 L against · 45% of mutual funds and other big investors said no
2
To re-appoint a Director in place of Mr. Murlidhara Kadaba (DIN: 01435701), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
2.16 cr votes for, 1.59 L against · 1% 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 — 5 named members
owning 62.6% between them · as of 2026-06-30
Thcl Travel Holding Cyprus Limited55.59%
Asia Consolidated Dmc Pte Limited7.06%
Middle East Travel Management Company Private Limitedno shares
Yatra Online, Incno shares
Yatra USA, LLCno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹11 cr to companies in the promoter group last year — about 1.4% of its ₹791 cr revenue and received ₹3 cr back from them.
Yatra Online, Inc.
Other payments to them · Description is mentioned along with relevant line item
₹11 cr
company paid
Yatra Online, Inc.
Other income from them · Description is mentioned along with relevant line item
₹3 cr
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.

₹775 cr raised in Sep 2023 by selling shares to the public

As of Jun 2026, the company says it has spent 88% of what it set aside, leaving ₹69 cr still to be spent. ICRA Limited watches the spending on the exchange’s behalf.

Strategic investments, acquisitions and inorganic growth
86%
₹129 cr of ₹150 cr
Investment in customer acquisition and retention, technology, and other organic growth initiatives
90%
₹353 cr of ₹392 cr
General corporate purposes
65%
₹18 cr of ₹28 cr
Spent by quarter: 87%88%88%88%88%88% (to Jun 2026)

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.