Skip to content
TBO Tek logo

TBO Tek

TBOTEK NSE
₹1,526.30 No trade today
P/E
62.63
View as Markdown
MCP
Close 4 Nov 2026 ₹1,526.30 −52.30 −3.31% 1Y
Start ₹1,578.60

Key Fundamentals

SmallcapLeisure ServicesConsumer Services

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

ROCE
18.30%
Debt to Equity
0.49
EPS (TTM)
₹24.37
Book Value
₹159.99
Market Cap
—
P/E (TTM)
62.63
P/B
9.54
ROE
17.40%
Dividend Yield
0.00%
EBITDA
₹421 Cr
52W High
₹1,772.50
52W Low
₹1,004.20
Volume
0

Peer Comparison

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

TBO Tek peer comparison
IRCTC
₹450.0025.86₹36,148 Cr8.352.01%34.40%46.10%₹5,425 Cr₹1,393 Cr
TBO Tek (this company)
₹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
₹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

47 Average

Data confidence 100/100

Category scores

Quality
47
Average
Returns, margins, earnings quality 22% weight
Valuation
15
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
41
Weak
Solvency, leverage, coverage 9% weight
Momentum
63
Good
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 is expected to give good quarter
  • Company has delivered good profit growth of 90.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.3%

Weaknesses

3
  • Stock is trading at 11.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 724 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsBearish270
Moving AveragesStrong Bearish802

Key readings

RSI (14)
39.09
Neutral
MACD (12,26,9)
−29.53
Bearish
SMA (50)
1,653.81
Bearish
SMA (200)
1,430.10
Bullish

As of

Analyst Rating

Based on 13 analysts
BUY92%

12 of 13 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
12
92%
HOLD
1
8%
SELL
0
0%

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 Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+79.92%
3Y+35.97%
1Y+54.12%
TTM+68.96%

Net profit

Net profit growth by window
5YTurned to profit
3Y+18.13%
1Y+6.09%
TTM+14.22%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YTurned negative
1YTurned negative
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+28.91 pp
3Y−3.63 pp
1Y−2.29 pp
TTM−0.76 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹343 Cr
Mar 2019₹441 Cr
Mar 2020₹571 Cr
Mar 2021₹142 Cr
Mar 2022₹483 Cr
Mar 2023₹1,065 Cr
Mar 2024₹1,393 Cr
Mar 2025₹1,737 Cr
Mar 2026₹2,677 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹36.00 Cr
Mar 2019₹26.00 Cr
Mar 2020₹73.00 Cr
Mar 2021−₹34.00 Cr
Mar 2022₹34.00 Cr
Mar 2023₹148 Cr
Mar 2024₹201 Cr
Mar 2025₹230 Cr
Mar 2026₹244 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹149 Cr +4.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk high

TBO Tek Ltd trades at ₹1,549.80 as of 2026-10-29 with a market cap of ₹16,828.94 Cr, a trailing PE of 63.59x, and a price-to-book of 10.85x. The company has delivered strong 5-year profit CAGR of 90% and 5-year sales CAGR of 80%, though its most recent ROE of 15.75% has moderated from a 3-year average of 24%, and debtor days stand at an elevated 724 days.

Bull Case 7
  • Exceptional 5-year compounded profit growth of 90% CAGR demonstrates a strong earnings trajectory and business scalability in the travel-tech platform space.
  • 5-year compounded sales growth of 80% CAGR indicates rapid top-line expansion, significantly outpacing broader industry growth rates.
  • TTM revenue growth of 69% shows that momentum has continued into recent quarters, suggesting the company is not yet facing a material slowdown.
  • 3-year average ROE of 24% reflects efficient capital deployment over a meaningful period, well above the cost of equity for most Indian companies.
  • Debt-to-equity ratio of 0.49 as of 2026-10-29 is relatively conservative, giving the company financial flexibility to fund future growth without excessive leverage.
  • ROCE of 14.99% indicates the business generates reasonable returns on total capital employed, supporting the case for continued reinvestment.
  • Company is expected to deliver a good upcoming quarter, which could act as a near-term catalyst for re-rating if earnings surprise positively.
Bear Case 7
  • Price-to-book ratio of 10.85x is extremely rich, meaning investors are paying over 11 times the company's book value per share, which amplifies downside risk.
  • Debtor days of 724 is exceptionally high, signalling that a large portion of revenue is locked in receivables, raising working capital and cash-flow quality concerns.
  • Zero dividend yield despite repeated profitability means shareholders receive no income return; all value creation depends entirely on capital appreciation.
  • Last-year ROE has dropped to 17% from a 3-year average of 24%, a notable decline that could indicate diminishing returns as the business scales.
  • TTM compounded profit growth of 25% is decelerating sharply versus the 5-year CAGR of 90%, suggesting the high-growth phase may be normalising.
  • 1-year stock CAGR of just 3% indicates the market has already repriced expectations, with limited price appreciation despite continued earnings growth.
  • EPS TTM of ₹24.37 relative to the stock price of ₹1,549.80 underscores the extreme multiple investors are paying per rupee of current earnings.

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

AI News Digest

9h ago

TL;DR: The only TBO Tek-specific development in this period is a ₹22.21 crore enforcement penalty for FEMA violations, which introduces regulatory risk and potential reputational overhang. No positive catalysts surfaced in the reviewed window. The near-term outlook hinges on the outcome of the company's legal review of the penalty order and whether further regulatory action follows.

Headwinds 1
  • ₹22.21 Cr ED FEMA penalty Oct 21

    TBO Tek received a ₹22.21 crore penalty order from the Directorate of Enforcement for FEMA violations. The company is reviewing the order with legal counsel, leaving potential further liability uncertain.

Neutral 1
  • KFin office shift, not TBO Nov 4

    Globe Civil Projects RTA KFin Technologies will shift its corporate office to Kokapet, Hyderabad effective December 1, 2026. This is unrelated to TBO Tek's operations.

Quarterly Results

₹ Cr
TBOTEK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
345
352
327
369
418
451
422
446
511
568
784
814
926
866
Expenses
278
283
271
304
340
375
367
381
437
479
684
709
788
—
Operating Profit
67
70
56
66
79
75
55
65
74
88
100
105
138
—
OPM %
19%
20%
17%
18%
19%
17%
13%
15%
14%
16%
13%
13%
15%
—
Other Income
−4
1
12
7
15
15
20
25
20
15
7
13
13
—
Interest
2
2
3
4
6
6
6
5
5
9
15
15
15
17
Depreciation
6
7
8
15
12
13
13
14
14
16
26
30
33
34
PBT
54
62
57
53
76
71
57
71
75
78
66
74
103
92
Tax %
13%
10%
11%
13%
19%
16%
12%
17%
16%
14%
19%
18%
19%
17%
Net Profit
47
56
51
46
61
60
50
59
63
68
54
60
83
76
EPS (₹)
4.59
5.41
4.93
4.47
5.61
5.53
4.6
5.43
5.8
6.22
4.94
5.53
7.68
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
TBOTEK profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
343
441
571
142
483
1,065
1,393
1,737
2,677
3,092
Expenses
292
395
484
163
451
876
1,132
1,453
2,299
2,660
Operating Profit
51
46
87
−21
32
189
261
285
378
432
OPM %
15%
10%
15%
−15%
7%
18%
19%
16%
14%
14%
Other Income
9
−1
18
5
37
24
21
75
51.23
48
Interest
5
6
5
2
7
14
19
33
52
53
Depreciation
1
5
12
11
16
25
36
52
86
106
PBT
53
34
88
−30
46
174
227
275
293
321
Tax %
33%
23%
17%
16%
27%
15%
12%
16%
17%
—
Net Profit
36
26
73
−34
34
148
201
230
244
265
EPS (₹)
3.4
2.52
6.98
−3.27
3.23
13.84
19.39
21.17
22.5
24.37
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
TBOTEK balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
2
2
2
10
10
10
11
11
Reserves
130
159
238
202
221
330
534
1,184
1,540
Borrowings
0
21
17
8
63
71
210
214
756
Other Liabilities
462
644
536
364
976
2,147
4,100
4,797
6,996
Total Liabilities
594
826
793
576
1,271
2,558
4,855
6,206
9,303
Fixed Assets
2
44
35
23
92
136
349
345
1,619
CWIP
0
0
4
9
0
0
14
39
14
Investments
0
0
0
0
0
0
2
173
263
Other Assets
592
782
755
545
1,179
2,422
4,490
5,649
7,407
Total Assets
594
826
793
576
1,271
2,558
4,855
6,206
9,303

Cash Flow

₹ Cr
TBOTEK cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
6
93
−3
51
198
237
226
289
−21
Investing
7
−39
−6
−28
−27
−85
−154
−443
−361
Financing
−5
−5
−8
−5
−16
−14
115
365
441
Net Cash Flow
8
49
−18
17
156
138
188
210
60
Free Cash Flow
5
75
−12
43
184
230
188
236
−87
CFO/EBITDA
34
231
11
−255
674
138
97
112
9

Ratios

TBOTEK financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
311
314
194
309
401
537
867
853
724
Cash Conversion Cycle
311
314
194
309
401
537
867
853
724
Working Capital Days
−81
−129
−36
−391
−234
−137
−114
−104
−134
ROCE %
—
29%
42%
1%
18%
53%
43%
27%
18%

Insights

Beta

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

Log in to view TBO Tek insights

63 extracted metrics across FY18–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 44.41%
  • DIIs 27.20%
  • FIIs 22.51%
  • Public 3.48%
  • Others 2.40%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Documents

Frequently Asked Questions about TBO Tek

What does TBO Tek Ltd do?
Incorporated in 2006, TBO Tek Ltd is in the business of operating multiple online technology platforms and providing access to book global travel inventory aggregated through travel suppliers like airlines, hotels, etc.
Where is TBO Tek Ltd (TBOTEK) listed?
TBO Tek Ltd trades as TBOTEK on the NSE and under code 544174 on the BSE.
Which sector does TBO Tek Ltd belong to?
TBO Tek Ltd is classified under the Leisure Services sector, in the Tour & Travel industry.
What is the PE ratio of TBO Tek Ltd?
TBO Tek Ltd trades at a PE ratio of 62.63 as of 4 Nov 2026, on earnings per share of ₹24.37, against a book value of ₹159.99 per share.
What is the 52-week high and low of TBO Tek Ltd?
Over the last 52 weeks TBO Tek Ltd has traded between ₹1,004.2 and ₹1,772.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of TBO Tek Ltd?
TBO Tek Ltd reported a return on equity of 17.40%. Its debt-to-equity ratio is 0.49.

Company Information

Incorporated in 2006, TBO Tek Ltd is in the business of operating multiple online technology platforms and providing access to book global travel inventory aggregated through travel suppliers like airlines, hotels, etc.

Website tbo.com
Listed 15 May 2024
Face Value ₹1

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/TBOTEK.md for TBO Tek Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

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 Indian stock market MCP server.

Explore More

More Hotel & Leisure stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month