What is Rategain Travel Technologies Ltd's market cap?

Rategain Travel Technologies Ltd (RATEGAIN) has a market capitalization of ₹7,658 Cr.

What sector is RATEGAIN in?

Rategain Travel Technologies Ltd operates in the IT Services — Software & Consulting sector.

What is RATEGAIN's return on equity?

Rategain Travel Technologies Ltd has a return on equity (ROE) of 9.7%.

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The Organism · Company Intelligence

Rategain Travel Technologies Ltd

RATEGAIN|BSE: 543417

IT Services — Software & ConsultingTechnology & Digitalwww.rategain.com

₹918.00

+₹20.85 (+2.32%)|MCap ₹7,658 Cr

As of 31 Jul 2026 (End of Day)

Promoter: 0.1%

52W Low ₹417.6052W High ₹997.25

PE 660.5xMedian PE 42.4xPB 8.9x

Secular Currents

Theme Connections

SAAS IT Services Tourism Recovery Digital Infra AI ML Adoption

About the Company

Profile

RateGain Travel Technologies Ltd. operates as software as a service company in the hospitality and travel industry in India. The company is headquartered in Noida, Uttar Pradesh and currently employs 460 full-time employees. The company went IPO on 2021-12-17. The firm processes electronic transactions and price points for the travel and hospitality industry. The firm operates through three segments, namely marketing technology (MarTech), distribution, and data as a service (DaaS). The company offers travel and hospitality solutions across a spectrum of verticals including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. The firm's products include Travel-intent, Competitor Pricing Intelligence, Rate Parity, Digital Marketing, Distribution, and Virtual Concierge & Upsell. The firm works with customers to help them in revenue generation through acquisition, retention, and wallet share expansion.

Intelligence Profile

TSF Score

76/100

The Vitals · Company Health

Health Indicators

Shenanigan Score

5Clean

Trust Score

X-Ray

Concerns

🟠Below-average return on equity (9.7%)Business

Watch

Nothing flagged for monitoring

Strengths

🟢Good profitability (Net margin: 10.3%)Business
🟢Healthy revenue growth (47.7% CAGR 3yr)Business
🟢Low leverage (D/E: 0.46x)Business

The Numbers · Key Metrics

PE Ratio

660.5x

ROE

9.7%

Revenue Growth 3yr

47.7%

Debt/Equity

0.46x

₹7,311 Cr

The Narrator · StoryTel Intelligence

FY2026IT Services — Software & ConsultingProduct Sales ModelModel:Revenue = Billable Headcount × Utilization Rate × Billing Rate + Fixed-Fee Contract Revenue

Key Insight

“Services business in IT Services — Software & Consulting.”

The Revenue Story

₹1,824 Cr service revenue.

Total Income₹1,885 Cr

Revenue₹1,824 Cr(96.7% of Total Income)

Other Income₹61 Cr(3.3% of Total Income)

The Cost Story

Employee costs at 39.0% of revenue — primary cost driver.

Other Expenses₹774 Cr(40.0%)

Employee₹712 Cr(36.8%)

EBITDA₹337 Cr(17.4%)

Depreciation₹81 Cr(4.2%)

Finance Costs₹31 Cr(1.6%)

0.2%EBITDA Margin

Other Expenses

40.0%

Employee

36.8%

EBITDA

17.4%

Depreciation

4.2%

Finance Costs

1.6%

Key Metrics

ROE

9.7%

vs median 8.5%

ROCE

9.8%

vs median 10.5%

Net Margin

10.3%

vs median 8.5%

EBITDA Margin

19.3%

vs median 16.4%

Debt To Equity

0.46x

vs median 0.03x

Rev Growth 3yr

47.7%

vs median 12.3%

EPS Growth 3yr

37.6%

vs median 14.4%

Employee Cost Ratio

39.00x

Forward View · Management Guidance

GUIDANCEQ3FY26High Impact

“We have set an internal goal of $1 billion in revenue by 2030.”

GUIDANCEQ2FY26— 1High Impact

“raised our FY 2026 revenue outlook to a 55% to 60% growth over FY 'twenty five”

GUIDANCEQ2FY26— 1High Impact

“increasing our revenue guidance for FY 2026 to now around 55 percent to 60% year on year growth for the full year over FY 2025”

The Context · Where does it sit?

Sector Context

The Canopy · Sector KPIs

Sector KPIs

IT Services — Software & Consulting

KPI	Company	Sector Median
ROE	9.7%▲	8.5%
ROCE	9.8%▼	10.5%
Net Margin	10.3%▲	8.5%
EBITDA Margin	19.3%▲	16.4%
Debt To Equity	0.46x▲	0.03x
Rev Growth 3yr	47.7%▲	12.3%
EPS Growth 3yr	37.6%▲	14.4%
Employee Cost Ratio	39.00x	-

The Market · What is the market saying?

Market Signals

The Antenna · Media Intelligence

Media Signal

Low Impact

The Numbers · Show me the data

Financials

Revenue₹1,824 Cr

PBT₹252 Cr

EPS₹16.45

(₹ Cr)	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹1,824 Cr +69.4%	₹1,077 Cr +12.5%	₹957 Cr +69.3%	₹565 Cr +54.2%	₹367 Cr
Other Income	₹61 Cr -19.7%	₹76 Cr +83.8%	₹42 Cr +108.5%	₹20 Cr +20.6%	₹17 Cr
Total Income	₹1,885 Cr +63.5%	₹1,153 Cr +15.5%	₹999 Cr +70.7%	₹585 Cr +52.7%	₹383 Cr
	₹1,598 Cr +81.5%	₹881 Cr +8.8%	₹810 Cr +56.4%	₹518 Cr +39.4%	₹371 Cr
Profit Before Tax	₹252 Cr -7.4%	₹272 Cr +44.1%	₹189 Cr +180.8%	₹67 Cr +520.6%	₹11 Cr
Exceptional Items	(₹35 Cr)	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr +100.0%	(₹0.94 Cr)
	₹58 Cr -9.1%	₹63 Cr +45.6%	₹43 Cr ↑ Recovery	(₹1 Cr) ↓ Decline	₹2 Cr
Net Profit	₹194 Cr -7.0%	₹209 Cr +43.7%	₹145 Cr +112.6%	₹68 Cr +712.5%	₹8 Cr
Profit (Owners)	₹194 Cr -7.0%	₹209 Cr +43.7%	₹145 Cr +112.6%	₹68 Cr +712.5%	₹8 Cr
Other Comprehensive Income	₹125 Cr +810.6%	₹14 Cr +166.6%	₹5 Cr -58.3%	₹12 Cr ↑ Recovery	(₹2 Cr)
EPS	₹16.45	₹17.70	₹12.34	₹6.31	₹0.78
Diluted Shares	₹12 Cr	₹12 Cr	₹12 Cr	₹11 Cr	₹11 Cr