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Company details

42.01
42.75
37.00
54.00
6M Return 10.50%
1Y Return -4.15%
Mkt Cap.(Cr) 7,499.28
Volume 5,972,138
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 5,972,138

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Sharp rebound in air travel to keep growth momentum strong
About The Stock

    Easy Trip Planners or EaseMyTrip.com (EMT) is the fastest growing and only profitable company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets and bus tickets.

    • Airline tickets accounted for 94.0% of revenues (pre-covid levels) while hotels and other services contributed 5.4% and 0.6% of revenues, respectively
Q4FY22 performance

    Easy Trip Planners reported weak results for Q4FY22

    • Adjusted revenues declined 1.7% YoY to ₹98.5 crore, in wake of omicron induced restrictions while gross booking revenues (GBR) was up 29% YoY to ₹1171 crore.
    • EBITDA margins also declined 1147bps YoY to 30% due to higher employee and marketing costs.
    • As a result PAT was lower by 23.4% YoY to ₹23.4 crore.

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Travel Support Services company Easy Trip Planners announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Hotel nights bookings were 1.4 Lacs, an increase of 39% and contributing 12% to the segment revenue
  • Bookings in the Train, Buses and Others segment rose by 53% to 2.7 Lacs, contributing 8% to the segment revenue
  • Gross Booking Revenue was Rs 20,900 million
  • EBITDA was Rs 577 million, a 24% increase
  • PBT was at Rs 551 million, increased by 24%

FY24 Financial Highlights:

  • Hotel nights bookings were 5.2 Lacs, an increase of 49% and contributing 9% to the segment revenue
  • Bookings in the Train, Buses and Others segment rose by 67% to 10.4 Lacs, contributing 9% to the segment revenue
  • Gross Booking Revenue was Rs 85,126 million, an increase of 6%
  • EBITDA was Rs 2,282 million, a growth of 19%
  • PBT grew by 16% to Rs 2,151 million

Announcing the results, Nishant Pitti, CEO and Co-founder of Easy Trip Planners, commented: “We are pleased to announce that during the quarter our Revenue from Operations was at Rs 1,640 million, a growth of 41% YoY. The EBITDA grew by 24% YoY at Rs 577 million and our PBT was Rs 550.7 million, increase of 24% YoY, demonstrating our commitment to profitability. Similarly, our FY24 Revenue from Operations grew by 32% at Rs 5,906 million. During FY2024, EBITDA was at Rs 2,282 million, had a YoY growth of 19% and our PBT grew by 16% YoY to Rs 2,151 million. The Gross Booking Revenue for Q4FY24 and FY24 stood at Rs 20,900 million and Rs 85,126 million, respectively.

In Q4FY24, we acquired 50% stake in Jeewani Hospitality to develop a luxurious 150-room Radisson Blu hotel in Ayodhya, expanding our portfolio with high-quality hospitality offerings to 1.5 lacs daily visitors. We diversified our business and expanded our services to better serve our customers by launching a new subsidiary, EaseMyTrip Insurance Broker Private Limited, marking our entry into the Rs 7.9 Trillion insurance industry. This move allows us to address customer needs more comprehensively beyond travel. Additionally, we have been proactive in establishing partnerships with the government and institutions and have also expanded our offline domestic footprints through franchise stores.’’

These initiatives underpins our commitment to strengthening partnerships and enhancing customer satisfaction across the travel and financial services sectors. We look forward to continuing to serve our customers with excellence and expanding our offerings to meet evolving needs in the market.”

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EaseMyTrip shares SWOT Analysis

Strengths (8)

  • MACD Crossover Above Signal Line
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt

Weakness (5)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 42.6
R2 42.8
R3 43.1
Pivot

42.37

S1 42.2
S2 41.9
S3 41.7
EMA SMA
42.7
43.9
44.3
44.2
43.0
44.3
45.7
43.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HRTI PRIVATE LIMITED Bulk Purchase 2024-02-27 50.15 9578645 NSE
HRTI PRIVATE LIMITED Bulk Sell 2024-02-27 50.17 10642631 NSE
MINERVA VENTURES FUND Bulk Purchase 2024-02-26 48.75 9000000 NSE
Name Category Shares
NISHANT PITTI PROMOTER 28.13%
RIKANT PITTIE PROMOTER 25.88%
PRASHANT PITTI PROMOTER 10.29%

OUR RESEARCH VIEW

Investment recommendation
Sharp rebound in air travel to keep growth momentum strong
Call Date
28 May 2022
Entry Price 395.00
Target Price 490.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

EaseMyTrip Stocks Comparison

Financials( in Cr) Easy Trip Planners Ltd Zomato Ltd Info Edge (India) Ltd FSN E-Commerce Ventures Ltd One 97 Communications Ltd
Price 42.32 185.10 6,252.35 166.80 430.20
% Change -0.17 3.03 0.03 -1.42 6.88
Mcap Cr 7,499.28 163,254.20 80,895.41 47,637.85 27,335.51
Revenue TTM Cr 448.83 7,079.40 2,345.69 5,143.80 7,990.30
Net Profit TTM Cr 134.10 -971.00 -70.46 24.82 -1,776.50
PE TTM 49.33 449.25 124.57 0.00 0.00
1 Year Return -4.15 137.46 46.47 19.14 -47.03
ROCE 59.36 0.00 2.92 5.09 0.00
ROE 53.15 0.00 -1.64 1.76 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 369.99 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,884.91 -9,332.45
LAST 3M 106,892.87 -46,178.73
LAST 6M 180,013.62 -16,713.35
LAST 12M 285,796.32 100,710.28

EaseMyTrip Information

Stock PE (TTM)
49.33
Promoter Holding
64.3%
Book Value
3.4115
ROCE
59.36%
ROE
53.15%
Description
  • Easy Trip Planners Limited was formally incorporated Private Limited Company in the name of Easy Trip Planners Private Limited on June 04, 2008 in India. The Company converted into a Public Company effective from April 12, 2019 and consequently, the name of Company changed from `Easy trip Planners Private Limited` to `Easy trip Planners Limited`.

    The Company is the second-largest online travel agencies in India. It offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis, in addition to ancillary value-added services such as travel insurance, visa processing and tickets for activities and attractions. The Company commenced its operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to their website to book domestic travel airline tickets to cater to offline travel market in India. Subsequently, by leveraging their B2B2C channel, they commenced operations in B2C (business to customer) distribution channel in 2011 by focusing on the growing Indian middle class population`s travel requirements. Consequently, due to their presence in B2B2C and B2C channels, they were able to commence operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporate.

    Their presence in 3 distinct distribution channels provided them with a diversified customer base and wide distribution network. The Company have a wide distribution network with three distinct distribution channels, namely B2C, B2E and B2B2C channels, which enables to cross-sell its products and services between such distribution channels. The Company`s distribution channels are supported by a hybrid platform, which is a combination of their websites, mobile applications and network of travel agents across India as well as call centre, particularly for holiday packages. They have developed streamlined software across their distribution channels, which provide them with multiple points of contact for marketing additional travel products and services to existing customers. In B2B2C segment, the Company has one of the largest agent network in the online travel agencies (OTA) space, majorly in the tier II and tier III cities.

    It is enabling to enhance presence in these regions where demand is growing due to development in airport infrastructure, increase in connecting flights and new routes addition to reduce congestion in metro airports. In B2E segment, the Company has 12,505 corporate customers in network to further grow by leveraging travel agent network and integrating travel software with corporate customers IT systems. The Company`s products and services are organized primarily in business segments like airline tickets, which comprises standalone sale of airline tickets, as well as airline tickets sold as part of the holiday packages; hotels and holiday packages, which comprises standalone sales of hotel rooms as well as travel packages (which may include hotel rooms, cruises, travel insurance and visa processing); and other services, which comprises rail tickets, bus tickets, taxi rentals and ancillary value-added services such as travel insurance, visa processing and tickets for activities and attractions.

    The products and services are offered online through their user-friendly websites (www.easemytrip.com and www.easemytrip.in), Android and iOS based mobile applications (EaseMyTrip). The Company offers the ability to search, compare and book reservations at more than 73,400 hotels in India and over 10,23,000 hotels outside India. The Company has one of the most sophisticated technology infrastructures with high level of automation and self-service capabilities across customer life cycle. It helps in managing product and services better, improve operational efficiency and drive customer satisfaction. The robust data analytics capabilities facilitate in providing customer-relevant information. The Company has a dedicated in-house technology team focused on developing a secure, advanced and scalable technology infrastructure and software, enabling them to continuously strengthen scalable technology infrastructure, support customer-focused initiatives, introduce innovative services and solutions, improve reliability and product and service delivery, which have helped to maintain high levels of customer satisfaction and grow the market presence.

    The technology infrastructure is designed around customer satisfaction to serve them better with more personalized approach. In core air travel business, the Company provided customers with more than 400 international and domestic airlines customers, more than 10,96,400 hotels in India and international jurisdictions, almost all the railway stations in India as well as bus tickets and taxi rentals for major cities in India, It had the largest network of 59,274 registered travel agents in almost all major cities of India. Further, the Company finalized a partnership deal with an International Airlines to help boost International Air segment. In addition to this, a deal was entered with Just Dial whereby all flight tickets on their portal will be exclusively powered by EaseMyTrip. The Company`s leading market position and operational history have led to recognition of the `EaseMyTrip` brand in India, enabling them to target new customers and provide better leverage while contracting with airlines and hotel suppliers.

    The strength of their brand increased significantly, which reflected in significant increase of visits to their websites. The Company strengthened their relationships with various airlines operators, such as IndiGo, Go Airlines (India) Ltd., and SpiceJet, as well as with various hotel chains, including, The Byke Hospitality Ltd., Seashells Beach Suites, Stone Woods Resorts and Spa, VITS Hotels, Kamat Hotels (India) Ltd. and VIVA Hotel. As part of their cross-marketing efforts, they have entered into arrangement with various banks and payment gateways, including One Mobikwik Systems Pvt. Ltd. and ePayLater, to offer promotion and discounts on the purchase of tickets on their websites and mobile applications platforms, in addition to providing cash-back option. Further, the Company had entered into alliances with various brands, including Ferns N Petals Pvt. Ltd., Coolwinks Technologies Pvt. Ltd. and Firefox Bikes Pvt. Ltd. for cross-marketing their products and services. The Company is focused in expanding product portfolio into higher-margin hotel and holiday packages segment. Being the hotel industry highly fragmented in nature, its share of online bookings in overall bookings remained low, indicating ample headroom for growth. With hotel suppliers listing their hotel inventories online, customers were expected to increasingly prefer online hotel bookings on account of convenience of digital transactions. In March 2021, the Company incorporated a subsidiary in the United Kingdom, EaseMyTrip UK Ltd. In addition, they also acquired EaseMyTrip SG Pte Ltd. and EaseMyTrip Middle East DMCC in Singapore and United Arab Emirates, respectively. During the year 2021-22, the Company incorporated EaseMyTrip Foundation (A non-profit organization) and YoloBus Private Limited, as wholly owned subsidiary companies in India. Further, it acquired Spree Hotels and Real Estate Private Limited which became its wholly owned subsidiary and acquired Technology and Assets of Yolo Travel Tech Private Limited. Thereafter, the Company incorporated wholly owned subsidiary companies outside India namely, EaseMyTrip Philippines Inc; EaseMyTrip USA Inc and EaseMyTrip Thai Co. Ltd.

    As of March 31, 2023, EaseMyTrip has served over 14 million customers, granting them access to a network of more than 400 international and domestic airlines. It had the largest network of travel agents with 51000 registered travel agents across almost all major cities in India. During the year 2022-23, Company acquired subsidiary companies in India, Nutana Aviation Capital IFSC Private Limited with 75% to expand presence across air charter services market in India and internationally; further, the Company incorporated outside India, EaseMyTrip NZ Ltd. It acquired a 55% stake in CheQin - the real-time hotel reservations marketplace; acquired a majority stake of 55% in CheQin, a pioneering real-time marketplace for hotel reservations.

Registered Address

223 FIE East Delhi, Patparganj Industrial Area, New Delhi, Delhi, 110092

Email : emt.secretarial:easemytrip.com
Website : http://www.easemytrip.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543272
NSE Code : EASEMYTRIP
Book Closure Date (Month) :
BSE Group : A
ISIN : INE07O001026

EaseMyTrip Shares Faq’s

You can buy EaseMyTrip shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy EaseMyTrip Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:24 PM the closing price of EaseMyTrip was Rs.42.32.

The latest PE ratio of EaseMyTrip as of Jun 13, 2024 03:24 PM is 49.33

The latest PB ratio of EaseMyTrip as of Jun 13, 2024 03:24 PM is 0.08

The 52-week high of EaseMyTrip share price is Rs. 54.00 while the 52-week low is Rs. 37.00

According to analyst recommendations, EaseMyTrip Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a companys shares with the total number of shares outstanding. As of Jun 13, 2024 03:24 PM, the market cap of EaseMyTrip stood at Rs. 7,499.28.

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