Le Travenues Technology
IXIGO NSE
Le Travenues Technology
Leisure ServicesNSE: IXIGO BSE: 544192 Tour & Travel
Key Fundamentals
MicrocapTour & TravelLeisure ServicesMarket Cap
₹6,930 Cr
Volatility
Moderate
P/E Ratio
81.77
EBITDA
₹58.79 Cr
Return on Equity
9.47%
Debt to Equity
0.02
Book Value
₹46.41
EPS
₹1.27
52W High
₹339.15
52W Low
₹151.27
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has delivered good profit growth of 59.6% CAGR over last 5 years
Weaknesses
5- Stock is trading at 3.40 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 7.32% over last 3 years.
- Earnings include an other income of Rs.66.7 Cr.
- Working capital days have increased from 18.2 days to 102 days
Growth Rate
Revenue Growth
31.72% lower than
3Y
Net Income Growth
9.22% lower than
3Y
Cash Flow Change
183% lower than
3Y
ROE
-42.19% lower than
3Y
ROCE
-7.95% lower than
3Y
EBITDA Margin (Avg.)
-56.55% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 44d agoAI 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
anthropic claude-opus-4.6 42d ago 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.
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.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 157 | 164 | 171 | 165 | 182 | 206 | 242 | 284 | 316 | 283 | 320 | 308 | 357 |
| Expenses | 147 | 164 | 155 | 152 | 167 | 190 | 222 | 263 | 293 | 288 | 296 | 288 | 336 |
| Operating Profit | 10 | 0 | 15 | 13 | 15 | 16 | 19 | 21 | 23 | -5 | 24 | 20 | 20 |
| OPM % | 6% | 0% | 9% | 8% | 8% | 8% | 8% | 8% | 7% | -1.8% | 7% | 6% | 6% |
| Other Income | 2 | 32 | 2 | 3 | 6 | 5 | 5 | 6 | 7 | 5 | 14 | 19 | 29 |
| Interest | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 4 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 |
| PBT | 8 | 26 | 14 | 13 | 18 | 18 | 21 | 24 | 26 | -4 | 32 | 34 | 44 |
| Tax % | -1% | -2% | -120% | 41% | 18% | 29% | 28% | 30% | 28% | -12% | 26% | 5% | 22% |
| Net Profit | 8 | 27 | 31 | 7 | 15 | 13 | 16 | 17 | 19 | -3 | 24 | 32 | 34 |
| EPS in Rs | 0.24 | 0.75 | 0.81 | 0.24 | 0.38 | 0.34 | 0.4 | 0.43 | 0.49 | -0.08 | 0.55 | 0.73 | 0.74 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 112 | 136 | 380 | 501 | 656 | 914 | 1,228 | 1,267 |
| Expenses | 94 | 136 | 132 | 392 | 473 | 618 | 842 | 1,166 | 1,208 |
| Operating Profit | -54 | -24 | 3 | -12 | 29 | 38 | 72 | 62 | 59 |
| OPM % | -134% | -22% | 2.4% | -3.2% | 6% | 6% | 8% | 5% | 4.6% |
| Other Income | 2 | 1 | 3 | 5 | 4 | 39 | 23 | 45 | 67 |
| Interest | 2 | 1 | 2 | 3 | 1 | 3 | 2 | 3 | 3 |
| Depreciation | 4 | 2 | 2 | 8 | 11 | 13 | 10 | 15 | 16 |
| PBT | -57 | -27 | 3 | -18 | 21 | 61 | 82 | 89 | 106 |
| Tax % | 0% | 0% | -179% | 20% | -13% | -20% | 26% | 19% | — |
| Net Profit | -57 | -27 | 8 | -21 | 23 | 73 | 60 | 71 | 87 |
| EPS in Rs | -1,330 | -617 | 175 | -0.57 | 0.58 | 2.03 | 1.54 | 1.65 | 1.94 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.04 | 0.04 | 0.04 | 37 | 37 | 37 | 39 | 44 |
| Reserves | -199 | -225 | 30 | 306 | 337 | 409 | 595 | 2,003 |
| Borrowings | 224 | 240 | 15 | 3 | 10 | 46 | 40 | 44 |
| Other Liabilities | 36 | 55 | 136 | 193 | 200 | 140 | 231 | 451 |
| Total Liabilities | 60 | 70 | 181 | 538 | 583 | 632 | 904 | 2,541 |
| Fixed Assets | 8 | 6 | 100 | 289 | 292 | 271 | 286 | 528 |
| CWIP | 0 | 0 | 0 | 0 | 8 | 0 | 0 | 0 |
| Investments | 6 | 12 | 2 | 40 | 48 | 86 | 119 | 546 |
| Other Assets | 46 | 52 | 79 | 209 | 236 | 276 | 498 | 1,468 |
| Total Assets | 60 | 70 | 181 | 538 | 583 | 632 | 904 | 2,541 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | 77 | -148 | -442 | 227 | 127 | 112 | 179 | 327 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 102 |
| ROCE % | — | -126% | 13% | -9% | 8% | 7% | 13% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Le Travenues Technology insights
55 extracted metrics + investor summaries across FY19–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Sep - Schedule of Analyst / Investor Meeting to be held on September 18, 2026 11 Sep - Schedule of Analyst / Investor Meeting to be held on September 18, 2026
2
Media Release - Confirmtkt Launches AI Seat Finder, Rolls Out Unconventional Campaign With RCB Players
8 May - ConfirmTkt launches AI Seat Finder on May 8, 2026, with RCB campaign featuring Virat Kohli and others. 8 May - ConfirmTkt launches AI Seat Finder on May 8, 2026, with RCB campaign featuring Virat Kohli and others.
3
Board Meeting Intimation for Approval Of The Financial Results For The Quarter And Financial Year Ended March 31, 2026
5 May - Board meets May 21, 2026 to approve FY26 results; earnings call scheduled same day at 6:00 PM IST. 5 May - Board meets May 21, 2026 to approve FY26 results; earnings call scheduled same day at 6:00 PM IST.
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 May - Earnings Call for the financial results for quarter and financial year ended on March 31, 2026, to be held on May 21, 2026 5 May - Earnings Call for the financial results for quarter and financial year ended on March 31, 2026, to be held on May 21, 2026
5
Media Release - Ixigo Launches Native Travel Apps On Chatgpt; Brings Conversational Travel Planning Across Flights, Trains, Buses And Hotels
29 Apr - ixigo launched native apps on ChatGPT for flights, trains, buses and hotels on April 29, 2026. 29 Apr - ixigo launched native apps on ChatGPT for flights, trains, buses and hotels on April 29, 2026.
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[1][2]
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 market capitalisation of Le Travenues Technology Ltd?
Le Travenues Technology Ltd has a market capitalisation of ₹6,930 Cr, which places it in the Mid Cap band.
What is the PE ratio of Le Travenues Technology Ltd?
Le Travenues Technology Ltd trades at a PE ratio of 81.77, on earnings per share of ₹1.27, against a book value of ₹46.41 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 ₹151.27 and ₹339.15.
What is the Return on Equity (ROE) of Le Travenues Technology Ltd?
Le Travenues Technology Ltd reported a return on equity of 9.47%. Its debt-to-equity ratio is 0.02.
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[1][2]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/IXIGO.md for Le Travenues Technology Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.