Yatra Online Limited
NSE: YATRATour, Travel Related Services
Share price
₹96.10
-5.40% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
63
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,538 Cr
P/E ratio
45.2
P/B ratio
1.8
ROCE
7.2%
ROE
6.2%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 9.3% over the past year, and 45.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 9.3% to 7.0% over the last three years.
Whether it grew faster than its sector
It grew 45.5% a year against a sector median of 13.9% — 31.6 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.5 times its growth rate, on earnings growth of 89%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Yatra Online Limited — this one | 89%/yr | 45.2× | ₹0.51 |
| Indian Railway Catering & Tourism | 12%/yr | 26.1× | ₹2.2 |
| TBO Tek Limited | 19%/yr | 68.1× | ₹3.6 |
| BLS International Services Limited | 49%/yr | 12.5× | ₹0.25 |
| Waterways Leisure Tourism Limited | — | 128.6× | — |
| Le Travenues Technology Limited | 40%/yr | 77.9× | ₹1.9 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Tour, Travel Related Services), it ranks 6 of 8 on returns, 1 of 7 on growth, 5 of 8 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 7.2% on capital, ahead of 25% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹391 crore of cash before any plant spend, funded from lenders and shareholders. It has not made a profit over 8 years.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 9 checks clear · 56%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Profit all but wiped out as costs for the new Middle East contract landed ahead of its revenue
Announced 12 Aug 2026 · Consolidated · Unaudited
Revenue
₹188 Cr
Revenue vs last year
-10.4%
Revenue vs last quarter
-0.6%
Net profit
₹0 Cr
Profit vs last year
-97.9%
Profit vs last quarter
-95.9%
Net margin
0.2%
EPS
₹0.02
Earnings call transcript · 13 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,538 Cr
- Prev close
- ₹96.10
- 52w High
- ₹202
- 52w Low
- ₹89.9
- Enterprise value
- ₹1,550 Cr
- Beta
- 1.4
- Price CAGR 1y
- -37.0%
- Price CAGR 3y
- -10.0%
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 3.5%
- PEG ratio
- 0.5
- P/E ratio
- 45.2
- P/B ratio
- 1.8
- EV / EBITDA
- 22.2
- Industry P/E
- 43.9
- ROCE
- 7.2%
- ROCE 5y average
- 4.6%
- ROE
- 6.2%
- Debt / Equity
- 0.1
- Interest coverage
- 4.8
- Dividend yield
- 0.0%
- ROE 3y average
- 4.0%
- ROE last year
- 6.0%
Annual P&L
- Annual revenue
- ₹1,007 Cr
- Annual profit
- ₹47 Cr
- Operating margin
- 8.0%
- Net profit margin
- 4.7%
- EBITDA margin
- 7.9%
- Sales growth 3y
- 38.4%
- Sales growth 5y
- 51.8%
- Profit growth 3y
- 89.0%
- Profit growth 5y
- 22.0%
- EPS
- ₹3.0
- Sales growth TTM
- 9.0%
- Profit growth TTM
- -29.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹188 Cr
- Profit latest quarter
- ₹0 Cr
- YoY quarterly sales growth
- -10.4%
- YoY quarterly profit growth
- -97.9%
- OPM latest quarter
- 6.6%
Balance Sheet
- Book Value
- ₹51.9
- Face Value
- ₹1.0
- Total debt
- ₹103 Cr
- Total cash
- ₹91 Cr
- Borrowings
- ₹103 Cr
- Reserves / Equity
- 50.9
Cash Flow
- Operating cash flow
- ₹76 Cr
- Free cash flow
- ₹31 Cr
- FCF yield
- 1.2%
- Net cash flow
- -₹21 Cr
Shareholding
- Promoter holding
- 62.7%
- FII holding
- 5.0%
- DII holding
- 11.3%
- Public holding
- 21.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| I R C T C | 449.90 | 26.1 | 35,992 | 1.93 | 329.9 | -0.2 | 1,369.5 | 18.1 | 46.1 |
| TBO Tek | 1,668.40 | 67.3 | 18,117 | 0.00 | 83.4 | 47.1 | 925.8 | 81.1 | 18.3 |
| BLS Internat. | 216.45 | 12.6 | 8,912 | 1.13 | 201.6 | 11.2 | 890.5 | 25.3 | 29.8 |
| Waterways Leisur | 103.10 | 186.0 | 7,464 | 0.00 | 22.8 | -34.5 | 190.1 | 7.8 | 64.0 |
| Le Travenues | 153.90 | 77.5 | 6,788 | 0.00 | 34.2 | 70.3 | 356.8 | 12.9 | 6.8 |
| Thomas Cook (I) | 98.80 | 20.7 | 4,647 | 0.50 | 63.7 | -0.0 | 2,091.9 | -13.1 | 14.9 |
| Easy Trip Plann. | 5.82 | 2,319 | 0.00 | -11.7 | -964.4 | 134.7 | 18.4 | 0.6 | |
| Yatra Online | 96.55 | 44.1 | 1,515 | 0.00 | 0.3 | -97.9 | 187.9 | -10.4 | 7.2 |
| Median | 153.90 | 35.7 | 4,647 | 0.00 | 22.8 | -0.2 | 190.1 | 7.8 | 18.2 |
Competes with: BLS International Services Limited, Easy Trip Planners Limited, Indian Railway Catering & Tourism, Le Travenues Technology Limited, TBO Tek Limited, Thomas Cook (India) Limited, Waterways Leisure Tourism Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | 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 | 110 | 94 | 110 | 108 | 101 | 236 | 235 | 219 | 210 | 351 | 257 | 189 | 188 |
| Expenses | 94 | 103 | 107 | 104 | 96 | 227 | 222 | 202 | 187 | 327 | 234 | 178 | 175 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 40 | 40 | 41 | 43 | 43 | 46 | |||||||
| Other Expenses | 162 | 147 | 286 | 191 | 135 | 130 | |||||||
| Operating Profit | 16 | -8.48 | 3.62 | 3.59 | 4.59 | 9.20 | 14 | 17 | 23 | 24 | 23 | 11 | 12 |
| OPM % | 15 | -9.01 | 3.28 | 3.33 | 4.55 | 3.89 | 5.77 | 7.80 | 11 | 6.81 | 8.76 | 5.76 | 6.60 |
| Other Income | 2.46 | 3.23 | 8.86 | 11 | 8.29 | 7.90 | 6.05 | 9.59 | 5.59 | 5.05 | 0.99 | 10 | 4.15 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | -3.79 | 0 | 0 | |||||||
| Interest | 6.28 | 6.17 | 5.58 | 4.25 | 2.44 | 2.37 | 2.16 | 3.27 | 2.44 | 2.17 | 3.55 | 4.39 | 4.62 |
| Depreciation | 4.83 | 4.81 | 4.70 | 5.35 | 6.10 | 7.38 | 7.38 | 10 | 9.15 | 9.87 | 11 | 11 | 11 |
| Profit before tax | 7.33 | -16 | 2.20 | 5.39 | 4.34 | 7.35 | 10 | 13 | 17 | 17 | 9.01 | 5.66 | 0.77 |
| Tax % | 18 | 5.55 | 52 | -3.34 | 6.91 | 0.68 | 0.69 | -14 | 6.38 | 15 | 7.44 | -45 | 57 |
| Net Profit | 5.99 | -17 | 1.06 | 5.58 | 4.04 | 7.30 | 10 | 15 | 16 | 14 | 8.34 | 8.20 | 0.34 |
| EPS in Rs | 0.52 | -1.09 | 0.07 | 0.36 | 0.26 | 0.47 | 0.64 | 0.97 | 1.02 | 0.91 | 0.53 | 0.52 | 0.02 |
| Diluted EPS in Rs | 0.97 | 1.02 | 0.91 | 0.53 | 0.52 | 0.02 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 845 | 673 | 125 | 198 | 380 | 422 | 791 | 1,007 | 985 |
| Expenses | 1,004 | 628 | 148 | 207 | 344 | 408 | 747 | 926 | 915 |
| Material Cost | 0 | 0 | |||||||
| Change in Inventories | 0 | 0 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||
| Employee Cost | 148 | 167 | |||||||
| Other Expenses | 599 | 759 | |||||||
| Operating Profit | -160 | 46 | -23 | -9 | 37 | 15 | 44 | 80 | 70 |
| OPM % | -19 | 7 | -18 | -4.50 | 10 | 3.50 | 6 | 8 | 7 |
| Other Income | 30 | -31 | -27 | 18 | 17 | 26 | 32 | 22 | 21 |
| Exceptional items (within Other Income) | 0 | -3.79 | |||||||
| Interest | 16 | 18 | 10 | 10 | 23 | 22 | 10 | 13 | 15 |
| Depreciation | 62 | 62 | 52 | 28 | 18 | 20 | 31 | 41 | 43 |
| Profit before tax | -207 | -66 | -112 | -29 | 12 | -1 | 35 | 49 | 32 |
| Tax % | 3 | 6 | 6 | 5 | 37 | 247 | -4 | 4 | |
| Net Profit | -212 | -70 | -119 | -31 | 8 | -5 | 37 | 47 | 31 |
| EPS in Rs | -208 | -66 | -107 | -2.75 | 0.67 | -0.29 | 2.33 | 2.98 | 1.98 |
| Diluted EPS in Rs | 2.33 | 2.98 | |||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 52%
- 3 years
- 38%
- TTM
- 9%
Compounded profit growth
- 10 years
- —
- 5 years
- 22%
- 3 years
- 89%
- TTM
- -29%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- -10%
- 1 year
- -37%
Return on equity
- 10 years
- —
- 5 years
- 3%
- 3 years
- 4%
- Last year
- 6%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 11 | 11 | 16 | 16 | 16 |
| Reserves | 224 | 202 | 112 | 90 | 158 | 732 | 768 | 815 |
| Borrowings | 116 | 151 | 61 | 63 | 178 | 85 | 78 | 103 |
| Other Liabilities | 854 | 511 | 376 | 383 | 333 | 384 | 459 | 400 |
| Total Liabilities | 1,204 | 874 | 561 | 547 | 681 | 1,217 | 1,321 | 1,333 |
| Fixed Assets | 285 | 236 | 146 | 112 | 115 | 123 | 273 | 282 |
| CWIP | 8 | 3 | 2 | 4 | 4 | 8 | 10 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 911 | 636 | 413 | 431 | 562 | 1,086 | 1,038 | 1,029 |
| Total Assets | 1,204 | 874 | 561 | 547 | 681 | 1,217 | 1,323 | 1,336 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -409 | -43 | 104 | -83 | -153 | -142 | -89 | 76 |
| Cash from Investing Activity | -64 | 13 | -21 | -8 | -14 | -231 | 100 | -43 |
| Cash from Financing Activity | 358 | 32 | 6 | 20 | 138 | 466 | -102 | -54 |
| Net Cash Flow | -115 | 2 | 90 | -71 | -29 | 93 | -91 | -21 |
| Free Cash Flow | -450 | -60 | 97 | -93 | -168 | -169 | -117 | 31 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 208 | 133 | 284 | 358 | 276 | 389 | 251 | 194 |
| Cash Conversion Cycle | 208 | 133 | 284 | 358 | 276 | 389 | 251 | 194 |
| Working Capital Days | -104 | -84 | -335 | -279 | -57 | 153 | 167 | 146 |
| ROCE % | 1 | -21 | -7 | 14 | 4 | 5 | 7 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
12.00inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
51,55,288inr
2026-03-31
News
News and filings about Yatra Online Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
distributes inventory for
- Contracted hotels and homestays
- Indian and international airlines
Buys from
- AvenuesAI Limited · CCAvenue payment gateway / online payment processing services
Sells to
- Bajaj Auto · Managed corporate travel services (air/hotel/cab)
- Cipla · End-to-end corporate domestic travel services
- IDFC First Bank · Managed corporate travel services (co-branded corporate portal)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Services
- Industry
- Tour, Travel Related Services
- Classification
- Consumer Services › Tour, Travel Related Services
- ISIN
- INE0JR601024
Business segments
- Hotel and Packages · 71%
- Air Ticketing · 26%
- Other services · 3%
News impact
Big market events that reach Yatra Online Limited, and how the effect spreads.
22 Sept, 19:28 IST · Market event · high impact
Mahadev betting case: ED chargesheets EaseMyTrip co-founder Nishant Pitti; shares worth ₹59.6 crore frozen
India's financial crime agency charged EaseMyTrip's co-founder in a betting case and froze Rs 59.6 crore of his shares, hurting EaseMyTrip shareholders while rival travel sites could gain.
Who it hits first
- Easy Trip Planners, which runs EaseMyTrip travel bookings, faces trouble as co-founder Nishant Pitti is chargesheeted in the Mahadev betting case.
- The ED has provisionally frozen Rs 59.6 crore of shares in his demat account under anti-money-laundering law (PMLA).
- The freeze creates investor worry about the founder and an overhang on EaseMyTrip shares, not a halt to bookings.
Who may gain
- Rival online travel sites like Yatra and Ixigo could pick up flight and hotel bookings from wary EaseMyTrip users.
- Thomas Cook, TBO Tek and other travel peers may see small share gains on sentiment.
- EaseMyTrip shareholders lose as promoter overhang and the Rs 59.6 crore freeze weigh on the shares.
Along the supply chain
Downstream
No direct downstream link — EaseMyTrip lists no customers in this pack, and travelers shifting to rivals is a demand move, not a supply chain.
Upstream
No direct upstream link — EaseMyTrip lists no suppliers in this pack, and a promoter share freeze does not change airline or hotel supply.
Where demand moves
Business
Some travelers may shift flight and hotel bookings from EaseMyTrip to rivals like Yatra, Ixigo and Thomas Cook, a small business-demand move.
Capital
Investors are likely to avoid EaseMyTrip on governance worry and rotate spare travel exposure toward steadier peers.
How it spreads across sectors
Consumer Services
Online travel peers see only a small sentiment lift from possible booking shifts, with no broad impact on hotels, food or retail in Consumer Services.
When it plays out
Immediate
EaseMyTrip shares face selling on the chargesheet and freeze news; rivals see light sympathy bids.
Medium term
If the case drags or widens, EaseMyTrip discount persists; if ring-fenced to the founder, shares stabilize.
Short term
Court and ED next steps and any company distancing statement set whether the overhang grows or fades.
15 Sept, 05:00 IST · Market event · medium impact
EaseMyTrip co-founder pledges 34.51cr shares to Motilal Oswal Financial Services
A founder of travel website EaseMyTrip has pawned a tenth of the company for a loan — a red flag that usually pushes the shares down.
Who it hits first
- EaseMyTrip faces ~10% pledge-supply overhang plus forced-sale risk on any margin call.
- Small travel peers (Yatra, Ixigo, TBO) derate on sentiment contagion despite clean holdings.
- Consumer-services small-caps broadly soften as promoter-finance headlines spook the tape.
Who may gain
- Zero-pledge travel peers (Ixigo, Yatra, TBO) may attract rotation once the dust settles.
Along the supply chain
Downstream
Travelers and agents see zero impact; bookings, refunds and service run normally.
Upstream
No direct supply-chain link — a promoter-financing event, not an operations event.
Where demand moves
Business
No business-demand impact — travel bookings do not change on promoter financing; this is purely a share-supply event.
Capital
Money exits EaseMyTrip on overhang fears; trims small travel broadly; rotates to clean-holding peers on dips.
How it spreads across sectors
Consumer Services
Online-travel sub-segment derates on pledge contagion; wider consumer-services mood softens.
When it plays out
Immediate
EaseMyTrip down 3-6% on overhang; travel peers dip 1-3% on association.
Medium term
Pledge stays an overhang until released; company must grow into a derated multiple.
Short term
Shareholding filings confirm the final pledged tally; any release filing reverses part of the fall.
13 Sept, 04:28 IST · Market event · low impact
China Southern resumes India flights after six-year gap
China's biggest airline restarts Delhi flights after six years, a small positive for travel agents and hotels and mild competition for IndiGo.
Who it hits first
- TBO Tek, Yatra, EaseMyTrip: reopened China route adds bookable international inventory
- Indian Hotels: inbound Chinese tourists support occupancy recovery
- IndiGo: market growth offset by direct China Southern competition
Who may gain
- Travel distributors and hotels on inbound recovery; airports on international footfall
Along the supply chain
Downstream
Travelers gain direct options; hotels and tour operators package inbound demand.
Upstream
Airlines and consolidators add China inventory to distribution pipes.
Where demand moves
Business
China-India seat supply returns, letting agents and hotels sell a market shut for six years.
Capital
Small-cap travel names get sentiment bid; no institutional rotation on one route.
How it spreads across sectors
Consumer Services
travel and hotels small positive
Services
aviation competition mildly negative for IndiGo
When it plays out
Immediate
Travel names edge up 1-2% on sentiment
Medium term
Visa thaw pace decides whether this becomes a real inbound cycle
Short term
Sep 21 inaugural loads show demand reality
27 Jun, 21:17 IST · Market event · low impact
Goldman Sachs raises MakeMyTrip stock price target to $84 on growth outlook
Who it hits first
- MakeMyTrip (Nasdaq: MMYT) - Goldman Sachs raised its price target to $84 on a positive growth outlook. MakeMyTrip is a US-listed ADR (not NSE/BSE-listed), so there is no direct Indian trading signal; in Neo4j it exists as a Company node with null ticker and null sector.
Who may gain
- Listed Indian online-travel comparables via positive read-across on the Indian travel-demand theme: ixigo (IXIGO), Yatra Online (YATRA), Easy Trip Planners (EASEMYTRIP). Broader travel-demand proxies (IRCTC, TBO Tek, Indian Hotels) are mentioned in sector ripple but not signalled - a single broker note on a foreign peer is too thin to call trades on them.
Along the supply chain
Downstream
No listed downstream dependency - OTAs sell directly to retail travellers, who are the end consumers; there is no further corporate downstream link to trace for this event.
Upstream
Indian OTAs source inventory upstream from airlines (e.g. IndiGo, Air India) and hotels; a stronger travel-demand outlook lifts booking volumes that flow to these inventory suppliers, but the Goldman note is MakeMyTrip-specific and does not change Indian OTAs' supplier contracts or commissions.
Where demand moves
Business
A bullish read on Indian travel demand - the stated basis for Goldman's MakeMyTrip target - is mildly positive for listed Indian OTA booking volumes (ixigo, Yatra, EaseMyTrip). However, a single broker's price-target raise on a US-listed peer creates no new business demand for the Indian OTAs directly; their bookings, take-rates and supplier terms are unchanged.
Capital
Sentiment read-across may nudge incremental investor interest toward listed Indian OTA proxies as a way to play the same Indian-travel-demand theme. The effect is marginal given LOW severity and a foreign-peer, single-broker catalyst; no meaningful sector rotation is expected.
How it spreads across sectors
Consumer Services
Mild positive sentiment for listed online-travel and hospitality names (ixigo, Yatra, EaseMyTrip, IRCTC, TBO Tek, Indian Hotels) on the read-across that Indian travel demand is robust - the premise behind Goldman's MakeMyTrip target. Effect is marginal and sentiment-driven, not fundamental.
When it plays out
Immediate
MakeMyTrip's US-listed ADR likely reacts to the Goldman target; muted to no direct impact on Indian OTA peers at the open.
Medium term
Read-across fades unless corroborated by the Indian OTAs' own bookings and quarterly results; structural growth in Indian travel demand remains the real driver, independent of this broker note.
Short term
Listed Indian OTAs (ixigo, Yatra, EaseMyTrip) may see modest sentiment-driven interest if the strong-Indian-travel-demand narrative gains traction with domestic investors.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 13 Aug 2026 | MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | SELL | 11,63,915 | ₹116.08 |
| 13 Aug 2026 | MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | BUY | 11,35,035 | ₹114.38 |
| 13 Aug 2026 | UNITY ASSOCIATES | BUY | 9,94,128 | ₹115.62 |
| 13 Aug 2026 | UNITY ASSOCIATES | SELL | 69,128 | ₹118.35 |
| 24 Apr 2026 | SSPL SECURITIES PRIVATE LIMITED | SELL | 10,00,000 | ₹112.60 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2624 Aug 2026
- Earnings call18 Aug 2026
- Earnings call · Q1FY2713 Aug 2026
- Earnings call · Q3FY2612 Feb 2026
- Annual report · 2024-253 Sep 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.