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Le Travenues Technology

IXIGO NSE
₹144.65 No trade today
P/E
42.42
View as Markdown
MCP
Close 4 Nov 2026 ₹144.65 −131.60 −47.6% 1Y
Start ₹276.25

Key Fundamentals

MicrocapLeisure ServicesConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
6.14%
Debt to Equity
0.01
EPS (TTM)
₹3.41
Book Value
₹49.25
Market Cap
—
P/E (TTM)
42.42
P/B
2.94
ROE
4.79%
Dividend Yield
0.00%
EBITDA
₹120 Cr
52W High
₹284.40
52W Low
₹136.35
Volume
0

Peer Comparison

Consumer Discretionary › Leisure Services › Tour & Travel › Tour, Travel Related Services

Le Travenues Technology peer comparison
IRCTC
₹450.0025.86₹36,148 Cr8.352.01%34.40%46.10%₹5,425 Cr₹1,393 Cr
TBO Tek
₹1,526.3062.63₹17,254 Cr9.540.00%17.40%18.30%₹3,092 Cr₹265 Cr
BLS International Services
₹216.7312.64₹8,852 Cr3.621.16%32.10%29.80%₹3,178 Cr₹745 Cr
Le Travenues Technology (this company)
₹144.6542.42₹6,345 Cr2.940.00%4.79%6.14%₹1,305 Cr₹153 Cr
Waterways Leisure Tourism
₹89.0410.60₹6,321 Cr8.860.00%92.30%64.00%₹696 Cr₹108 Cr
Thomas Cook
₹89.7219.29₹4,130 Cr2.170.57%9.21%14.90%₹8,082 Cr₹211 Cr
Easy Trip Planners
₹6.08—₹2,391 Cr2.161.68%−0.46%0.61%₹557 Cr−₹60 Cr
Median 7 companies₹144.6522.58₹6,345 Cr3.620.57%17.40%18.30%₹3,092 Cr₹211 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 98/100

Category scores

Quality
45
Weak
Returns, margins, earnings quality 22% weight
Valuation
40
Weak
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
89
Strong
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 55.1% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 3.19 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.65% over last 3 years.
  • Earnings include an other income of Rs.124 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish874
OscillatorsBullish072
Moving AveragesStrong Bearish802

Key readings

RSI (14)
44.56
Neutral
MACD (12,26,9)
−4.23
Bullish
SMA (50)
155.68
Bearish
SMA (200)
177.21
Bearish

As of

Analyst Rating

Based on 9 analysts
BUY56%

5 of 9 analysts rate Buy, 2 Hold, 2 Sell.

As of

BUY
5
56%
HOLD
2
22%
SELL
2
22%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
5Y+55.29%
3Y+34.83%
1Y+34.35%
TTM+15.99%

Net profit

Net profit growth by window
5Y+54.75%
3Y+45.61%
1Y+18.33%
TTM+212.24%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3Y+84.91%
1Y+60.66%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+2.84 pp
3Y−0.74 pp
1Y−2.83 pp
TTM+0.98 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹40.00 Cr
Mar 2020₹112 Cr
Mar 2021₹136 Cr
Mar 2022₹380 Cr
Mar 2023₹501 Cr
Mar 2024₹656 Cr
Mar 2025₹914 Cr
Mar 2026₹1,228 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019−₹57.00 Cr
Mar 2020−₹27.00 Cr
Mar 2021₹8.00 Cr
Mar 2022−₹21.00 Cr
Mar 2023₹23.00 Cr
Mar 2024₹73.00 Cr
Mar 2025₹60.00 Cr
Mar 2026₹71.00 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹17.75 Cr −77.3% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Le Travenues Technology (IXIGO) is an almost debt-free online travel aggregator with a market cap of ₹8,642 Cr, trading at a PE of 119.4x. The company has delivered strong revenue growth of 35% CAGR over 3 years and profit growth of 40% CAGR over the same period, but return on equity remains modest at ~7% over 3 years and the stock has declined 17% over the past year.

Bull Case 7
  • Company is virtually debt-free, providing financial flexibility and low interest burden in a capital-light business model
  • Compounded profit growth of 40% CAGR over 3 years and 60% CAGR over 5 years demonstrates rapid earnings scale-up
  • Revenue growth remains robust at 35% CAGR over 3 years and 34% TTM, indicating sustained demand tailwinds from India's travel market
  • TTM profit growth of 41% outpaces TTM sales growth of 34%, suggesting improving operating leverage and margin expansion
  • 5-year compounded sales CAGR of 55% reflects the company's ability to scale rapidly from a low base in a large addressable market
  • Zero debt-to-equity ratio insulates the company from rising interest rate environments and preserves optionality for future investments
  • Company has transitioned from losses to consistent profitability with 59.6% CAGR profit growth over 5 years, demonstrating business model viability
Bear Case 8
  • PE ratio of 119.4x is extremely elevated, requiring sustained high growth to justify current valuation levels
  • Return on equity of only 7% over 3 years (6% last year) is low for a capital-light technology platform, suggesting limited value creation per unit of equity
  • Stock has declined 17% over the past 1 year, indicating market repricing or loss of momentum
  • Trading at 4.16x book value despite generating only 6-7% ROE implies investors are paying a premium not yet supported by returns on capital
  • Working capital days have deteriorated sharply from 18.2 days to 102 days, signaling potential cash conversion cycle challenges
  • Zero dividend yield despite repeated profitability means shareholders receive no direct income returns from the company's earnings
  • Other income of ₹44.5 Cr forms a meaningful component of reported earnings, which may inflate the perceived quality of core operating profits
  • 3-year ROE of 7% growing at only 6% last year shows no meaningful improvement in capital efficiency despite revenue and profit scaling

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Limited recent news flow for ixigo with only a routine earnings date announcement. No identifiable headwinds or positive catalysts in the current news cycle. Investors should watch the Aug 6 results and earnings call for forward guidance on the leisure travel platform's growth trajectory.

Neutral 1
  • Q4FY26 results due Aug 6 Jul 27

    Le Travenues (ixigo) will declare standalone and consolidated financial results for the quarter ended June 30, 2026, on August 6, 2026. An earnings call is scheduled the same day at 7:00 PM IST.

Quarterly Results

₹ Cr
IXIGO quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
164
171
165
182
206
242
284
316
284
320
308
357
321
Expenses
164
155
152
167
190
222
263
293
289
296
288
336
305
Operating Profit
0
15
13
15
16
19
21
23
−5
24
20
20
16
OPM %
0%
9%
8%
8%
8%
8%
8%
7%
−1.8%
7%
6%
6%
4.8%
Other Income
32
2
3
6
4.45
5
6
7
5
14
19
29
63
Interest
1
1
0
1
1
1
1
1
1
1
1
1
1
Depreciation
4
3
3
2
2
3
3
3
3
4
4
5
6
PBT
26
14
13
18
18
21
24
26
−4
32
34
44
72
Tax %
−2%
−120%
41%
18%
29%
28%
30%
28%
−13%
26%
5%
22%
12%
Net Profit
27
31
7
15
13
16
17
19
−3
24
32
34
63
EPS (₹)
0.75
0.81
0.24
0.38
0.34
0.4
0.43
0.49
−0.08
0.55
0.73
0.74
1.39

Profit & Loss

₹ Cr
IXIGO profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
40
112
136
380
501
656
914
1,228
1,305
Expenses
94
136
132
392
473
618
842
1,166
1,226
Operating Profit
−54
−24
3
−12
29
38
72
62
80
OPM %
−134%
−22%
2.4%
−3.2%
6%
6%
8%
5%
6%
Other Income
2
1
3
5
4
39
23
45
124
Interest
2
1
2
3
1
3
2
3
3
Depreciation
4
2
2
8
11
13
10
15
19
PBT
−57
−27
3
−18
21
61
82
89
182
Tax %
0%
0%
−179%
20%
−13%
−20%
26%
19%
—
Net Profit
−57
−27
8
−21
23
73
60
71
154
EPS (₹)
−3.32
−1.54
0.44
−0.57
0.58
2.03
1.54
1.65
3.41
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
IXIGO balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
0.04
0.04
0.04
37
37
37
39
44
44
Reserves
−199
−225
30
306
337
409
595
2,003
2,129
Borrowings
224
240
15
3
10
46
40
44
19
Other Liabilities
36
55
136
193
200
140
231
446
534
Total Liabilities
60
70
181
538
583
632
904
2,537
2,726
Fixed Assets
8
6
100
289
292
271
286
528
614
CWIP
0
0
0
0
8
0
0
0
0
Investments
6
12
2
40
48
86
119
546
359
Other Assets
46
52
79
209
236
276
498
1,464
1,753
Total Assets
60
70
181
538
583
632
904
2,537
2,726

Cash Flow

₹ Cr
IXIGO cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−42
34
−15
−34
31
43
122
196
Investing
48
−5
−10
−222
22
−45
−202
−1,211
Financing
−1
−2
14
258
−2
−46
104
1,287
Net Cash Flow
5
27
−12
2
51
−48
24
271
Free Cash Flow
−43
33
−15
−36
25
36
118
175
CFO/EBITDA
77
−148
−442
227
127
112
179
327

Ratios

IXIGO financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
199
14
71
8
9
15
15
14
Cash Conversion Cycle
199
14
71
8
9
15
15
14
Working Capital Days
−49
−123
−179
−46
−34
−23
−25
−53
ROCE %
—
−126%
13%
−9%
8%
7%
13%
6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Le Travenues Technology insights

55 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 56.51%
  • Others 19.20%
  • DIIs 17.08%
  • Public 7.21%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Le Travenues Technology

What does Le Travenues Technology Ltd do?
Incorporated in 2007, Le Travenues Technology Ltd is running online platforms to provide information and booking services for the travel industry. It also provides software development & maintenance services to its customer
Where is Le Travenues Technology Ltd (IXIGO) listed?
Le Travenues Technology Ltd trades as IXIGO on the NSE and under code 544192 on the BSE.
Which sector does Le Travenues Technology Ltd belong to?
Le Travenues Technology Ltd is classified under the Leisure Services sector, in the Tour & Travel industry.
What is the PE ratio of Le Travenues Technology Ltd?
Le Travenues Technology Ltd trades at a PE ratio of 42.42 as of 4 Nov 2026, on earnings per share of ₹3.41, against a book value of ₹49.25 per share.
What is the 52-week high and low of Le Travenues Technology Ltd?
Over the last 52 weeks Le Travenues Technology Ltd has traded between ₹136.35 and ₹284.4 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Le Travenues Technology Ltd?
Le Travenues Technology Ltd reported a return on equity of 4.79%. Its debt-to-equity ratio is 0.01.

Company Information

Incorporated in 2007, Le Travenues Technology Ltd is running online platforms to provide information and booking services for the travel industry. It also provides software development & maintenance services to its customer

Website ixigo.com
Listed 18 Jun 2024
Face Value ₹1

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