RateGain Travel Technologies Limited

BSE: RATEGAIN543417ISIN INE0CLI01024

Information Technology
Computers - Software & Consulting
BSE 1000

Share price

₹793.55-28.60 (-3.48%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,052.65
52W low: ₹438.00
Off 52W high: -24.61%
1M return: -6.58%
3M return: -18.90%
6M return: +24.43%
1Y return: +15.83%
20D avg volume: 24,536
50 DMA: ₹850.15
200 DMA: ₹738.82

Key ratios Consolidated

Market cap: ₹9,406 Cr
Current price: ₹793.55
52W high / low: ₹1,052.65 / ₹438.00
Face value: ₹1.00
P/E: 38.81
P/B: 4.67
EPS (TTM): ₹20.45
Book value / share: ₹169.84
ROE: —
ROCE: 9.80%
Operating margin: —
Net margin: —
Debt / equity: 0.46
Net debt: ₹748.12 Cr
Interest cover: 9.00
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 46.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	785.01	715.55	540.03	295.06	272.92	260.69	278.71	277.26	260.01	255.81	252.02	234.72
	3.08	2.57	16.56	21.54	20.66	20.45	20.33	17.32	18.27	21.05	10.87	3.65
	788.10	718.12	556.59	316.60	293.57	281.14	299.04	294.58	278.28	276.86	262.89	238.38
	667.54	621.94	493.06	251.07	232.25	208.78	225.91	226.08	220.04	211.41	210.87	199.09
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	294.76	269.49	217.64	115.40	109.15	88.11	103.33	104.55	102.77	96.51	101.11	94.33
	16.54	18.44	12.47	0.29	0.30	0.31	0.32	0.33	0.31	0.32	0.35	0.36
	37.52	34.99	27.68	9.35	8.70	8.37	8.36	8.71	9.49	9.53	9.76	10.43
	318.72	299.03	235.27	126.03	114.10	112.00	—	—	—	—	—	—
	120.56	96.18	63.54	65.53	61.33	72.36	73.12	68.50	58.24	65.45	52.02	39.28
	0.00	0.00	-34.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	120.56	96.18	28.92	65.53	61.33	72.36	73.12	68.50	58.24	65.45	52.02	39.28
	25.64	26.19	2.46	14.52	14.39	17.56	16.59	16.30	12.86	15.43	11.60	9.25
	94.91	69.99	26.45	51.01	46.93	54.81	56.54	52.21	45.38	50.02	40.42	30.04
	8.03	5.93	2.24	4.32	3.98	4.65	4.80	4.43	3.85	4.25	3.59	2.77
Key metrics
	174.62	149.61	69.07	75.17	70.33	81.04	81.80	77.54	68.04	75.30	62.13	50.07
	22.20%	20.90%	12.80%	25.50%	25.80%	31.10%	29.30%	28.00%	26.20%	29.40%	24.70%	21.30%
	12.10%	9.80%	4.90%	17.30%	17.20%	21.00%	20.30%	18.80%	17.50%	19.60%	16.00%	12.80%
	—	4.00%	—	3.60%	—	4.20%	—	—	—	—	—	—
	187.60%	174.50%	93.80%	6.40%	5.00%	1.90%	10.60%	18.10%	—	—	—	—
	102.20%	27.70%	-53.20%	-2.30%	3.40%	9.60%	39.90%	73.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,336	1,824	1,077	957.03	565.13	366.59
	43.75	61.34	76.37	41.55	19.93	16.52
	2,379	1,885	1,153	998.59	585.06	383.11
	2,034	1,598	880.81	809.71	517.80	371.33
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	897.29	711.67	398.76	379.91	252.76	191.37
	47.74	31.50	1.27	1.37	1.51	5.23
	109.54	80.71	34.93	41.04	35.81	30.06
	979.05	774.43	445.85	—	—	—
	345.81	286.58	272.23	188.87	67.26	11.78
	-34.62	-34.62	0.00	0.00	0.00	-0.94
	311.19	251.96	272.23	188.87	67.26	10.84
	68.81	57.57	63.30	43.48	1.14	2.42
	242.36	194.39	208.93	145.39	68.40	8.42
	20.52	16.47	17.73	13.01	6.33	0.84
Key metrics
	468.47	364.17	308.43	231.28	104.58	46.13
	20.06%	20.00%	28.60%	24.20%	18.50%	12.60%
	10.38%	10.70%	19.40%	15.20%	12.10%	2.30%
	—	9.80%	16.00%	—	—	—
	114.36%	69.40%	12.50%	69.30%	54.20%	—
	15.14%	-7.00%	43.70%	112.60%	712.40%	—
	—	229.56	113.48	—	—	—
	—	1.20	0.57	—	—	—
	—	0.46	0.00	—	—	—
	—	748.12	-347.36	—	—	—
	—	46.7	38.7	—	—	—
Balance sheet
	—	3,560	1,904	—	—	—
	—	954.57	1,414	—	—	—
	—	173.12	347.36	—	—	—
	—	471.43	212.27	—	—	—
	—	0.00	0.00	—	—	—
	—	271.76	23.84	—	—	—
	—	12.31	10.35	—	—	—
	—	238.29	98.31	—	—	—
	—	675.84	192.79	—	—	—
	—	921.24	0.00	—	—	—
	—	238.68	0.00	—	—	—
	—	682.56	0.00	—	—	—
	—	2,006	1,683	—	—	—
Cash flow
	—	233.71	119.97	—	—	—
	—	-1,268	-45.38	—	—	—
	—	835.91	-1.74	—	—	—
	—	4.15	6.49	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	68.19	63.78	62.64	63.53	58.86	58.38	53.48	49.12	49.45	49.27	46.53	39.18
	2.16	5.82	0.41	19.36	18.81	18.61	18.41	16.30	16.09	18.46	14.05	8.85
	70.35	69.60	63.05	82.89	77.67	76.99	71.89	65.41	65.54	67.73	60.58	48.03
	64.66	54.41	56.55	55.78	53.52	41.50	46.82	46.89	46.64	43.38	38.07	42.41
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	51.88	42.97	46.14	44.04	43.68	30.64	37.87	37.54	36.99	32.86	31.91	32.01
	0.23	0.23	0.25	0.26	0.26	0.27	0.28	0.29	0.29	0.29	0.30	0.33
	1.27	1.17	1.20	1.18	1.13	1.08	1.15	1.22	0.84	0.80	0.50	0.99
	11.29	10.03	8.97	10.30	8.45	9.52	—	—	—	—	—	—
	5.68	15.19	6.50	27.11	24.15	35.50	25.07	18.52	18.89	24.35	22.50	5.62
	0.00	0.00	-4.79	0.00	0.00	0.00	—	—	—	—	—	—
	5.68	15.19	1.71	27.11	24.15	35.50	25.07	18.52	18.89	24.35	22.50	5.62
	1.47	3.46	1.42	6.84	6.09	8.86	7.25	5.13	4.59	6.42	5.87	1.49
	4.22	11.72	0.29	20.27	18.05	26.63	17.82	13.39	14.30	17.93	16.64	4.13
	0.36	0.99	0.02	1.72	1.53	2.26	1.51	1.14	1.21	1.52	1.48	0.38
Key metrics
	7.18	16.59	3.16	28.55	25.54	36.85	26.50	20.03	20.02	25.44	23.30	6.94
	10.50%	26.00%	5.00%	44.90%	43.40%	63.10%	49.60%	40.80%	40.50%	51.60%	50.10%	17.70%
	6.20%	18.40%	0.50%	31.90%	30.70%	45.60%	33.30%	27.30%	28.90%	36.40%	35.80%	10.50%
	—	1.10%	—	1.90%	—	2.60%	—	—	—	—	—	—
	15.90%	9.20%	17.10%	29.30%	19.00%	18.50%	14.90%	25.40%	—	—	—	—
	-76.60%	-56.00%	-98.40%	51.40%	26.20%	48.50%	7.10%	224.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	258.14	248.81	210.43	173.39	113.28	72.74
	27.75	44.39	69.40	47.84	21.88	30.90
	285.89	293.20	279.84	221.23	135.16	103.64
	231.40	220.26	181.85	161.81	126.84	99.83
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	185.03	176.83	143.04	124.22	89.78	77.13
	0.97	0.99	1.12	1.24	1.37	0.99
	4.82	4.69	4.29	2.98	3.28	3.73
	40.59	37.74	33.40	—	—	—
	54.48	72.95	97.98	59.41	8.32	3.81
	-4.79	-4.79	0.00	—	—	-0.94
	49.69	68.15	97.98	59.41	8.32	2.87
	13.19	17.81	25.84	15.55	2.58	1.06
	36.50	50.34	72.15	43.87	5.74	1.81
	3.09	4.27	6.12	3.92	0.53	0.18
Key metrics
	55.48	73.83	103.39	63.63	12.97	7.59
	21.49%	29.70%	49.10%	36.70%	11.40%	10.40%
	14.14%	20.20%	34.30%	25.30%	5.10%	2.50%
	—	4.80%	7.10%	—	—	—
	17.42%	18.20%	21.40%	53.10%	55.70%	—
	-51.90%	-30.20%	64.50%	664.30%	217.10%	—
	—	4.74	-5.99	—	—	—
	—	0.15	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	-8.88	-21.89	—	—	—
	—	132.3	109.3	—	—	—
Balance sheet
	—	1,503	1,422	—	—	—
	—	159.90	933.37	—	—	—
	—	8.88	21.89	—	—	—
	—	105.01	70.76	—	—	—
	—	0.00	0.00	—	—	—
	—	15.18	11.33	—	—	—
	—	7.85	7.09	—	—	—
	—	14.79	7.72	—	—	—
	—	52.19	32.14	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	1,427	1,372	—	—	—
Cash flow
	—	7.79	-0.05	—	—	—
	—	-18.51	-42.50	—	—	—
	—	-2.29	-0.49	—	—	—
	—	3.05	5.94	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +29.99%
Sales CAGR 5Y: —
Profit CAGR 3Y: +106.22%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.42%
Profit YoY (TTM): -51.90%

Consolidated

Sales CAGR 3Y: +47.77%
Sales CAGR 5Y: —
Profit CAGR 3Y: +41.65%
Profit CAGR 5Y: —
Sales YoY (TTM): +114.36%
Profit YoY (TTM): +15.14%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 48.86%

Quarter	September 2026	June 2026
Promoter %	48.86%	48.78%

Holder	Type	Holding	Previous	Change
BHANU CHOPRA	Promoter	38.40%	38.31%	+0.09%
MEGHA CHOPRA	Promoter	9.40%	9.41%	-0.01%
SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO	Public	5.32%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA	Public	4.48%	4.49%	-0.01%
PLUTUS INVESTMENTS INDIA PRIVATE LIMITED	Public	3.80%	—	—
ICICI PRUDENTIAL RETIREMENT FUND-HYBRID AGGRESSIVE	Public	2.58%	—	—
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL F	Public	2.33%	2.93%	-0.60%
PLUTUS WEALTH MANAGEMENT LLP	Public	1.69%	1.69%	0.00%
CIF III SCHEME I	Public	1.23%	1.23%	0.00%
USHA CHOPRA	Promoter Group	1.05%	1.05%	0.00%
RUHAAN SHANKAR CHOPRA	Promoter Group	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Tata Consultancy Services Ltd.	8,81,004	2,435.00	16.99	54.90%	+9.92% TTM	+4.37% TTM	-18.56%
Infosys Ltd	4,57,410	1,127.10	14.86	39.00%	+11.73% TTM	+9.34% TTM	-23.22%
HCL Technologies Ltd	3,81,270	1,405.00	20.80	27.20%	+12.76% TTM	+7.93% TTM	-8.09%
Wipro Ltd.	1,91,922	193.75	14.51	18.60%	+8.22% TTM	-2.44% TTM	-18.61%
Tech Mahindra Limited	1,74,643	1,781.70	31.35	19.80%	+13.60% TTM	+24.88% TTM	+26.47%
LTM LIMITED	1,24,174	4,186.00	23.90	25.80%	+14.67% TTM	+7.10% TTM	-25.47%
Persistent Systems Limited	99,915	6,025.00	55.41	29.40%	+27.10% TTM	+8.29% TTM	+2.88%
COFORGE LIMITED	91,044	2,055.00	43.36	18.70%	+41.21% TTM	+56.10% TTM	+16.26%
Mphasis Limited	47,635	2,494.65	24.93	23.00%	+13.69% TTM	+9.84% TTM	-9.81%
Hexaware Technologies Limited	30,618	501.10	21.83	—	+13.45% TTM	+0.39% TTM	-27.90%
Tata Elxsi Ltd S	23,210	3,725.10	34.63	26.20%	+10.01% TTM	-0.07% TTM	-30.72%
Fractal Analytics Limited	14,551	835.75	39.49	12.50%	—	—	—
KPIT Technologies Ltd	14,310	522.00	26.83	22.10%	+9.16% TTM	-30.96% TTM	-54.81%
IDream Film Infrastructure Company Limited	12,831	467.35	9,786.82	2.10%	—	+690.91% TTM	+164.86%
Zensar Technologies Ltd.	12,138	532.95	15.46	21.00%	+8.81% TTM	+11.99% TTM	-27.59%
RateGain Travel Technologies Limited	9,406	793.55	38.81	9.80%	+114.36% TTM	+15.14% TTM	+15.83%
ASM Technologies Ltd. S	9,154	6,275.30	—	22.70%	+133.51% TTM	+117.67% TTM	+63.73%
BIRLASOFT LIMITED	8,925	319.00	14.47	18.60%	+3.75% TTM	+33.56% TTM	-14.02%
INTELLECT DESIGN ARENA LIMITED	7,446	530.10	21.08	13.60%	+16.99% TTM	-12.31% TTM	-55.75%
Sonata Software Ltd.	6,367	227.05	13.75	27.60%	+3.97% TTM	+8.12% TTM	-39.25%
Newgen Software Technologies Limited	6,295	441.75	19.75	20.80%	+6.49% TTM	-3.04% TTM	-54.57%
Happiest Minds Technologies Limited	4,754	312.20	20.56	17.20%	+12.13% TTM	+18.44% TTM	-38.39%
Mastek Limited	4,476	1,443.50	10.51	16.60%	+5.99% TTM	+16.64% TTM	-32.51%
63 Moons Technologies Limited	4,263	925.15	-45.07	-1.00%	+490.54% TTM	-119.65% TTM	+16.75%
Latent View Analytics Limited	4,030	194.60	20.01	14.70%	+20.34% TTM	+5.91% TTM	-58.20%

Filings & corporate actions

Recent announcements

As enclosed29 Oct 2026 · Company Update / Analyst / Investor Meet
Rategain Travel Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Dear Sir / Ma'am, Pursuant ....29 Oct 2026 · Board Meeting / Board Meeting
Issuance of SAR''s under RateGain SAR Scheme 202229 Oct 2026 · Company Update / General
Allotment of Equity Shares under RateGain - Stock Appreciation Scheme-202212 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Press Release on" Sojern Convenes European Destination Leaders in Athens for Second Annual Destinations Advisory Board"8 Oct 2026 · Company Update / Press Release / Media Release
Press Release on "RateGain Partners with Vietnam Airlines to Strengthen Competitive Pricing Intelligence"7 Oct 2026 · Company Update / Press Release / Media Release
Transcript of Fourteenth (14th) Annual General Meeting held through VC/OAVM on September 24, 20265 Oct 2026 · AGM/EGM / AGM
Closure of Trading Window30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of grant of SAR Units pursuant to"RateGain - Stock Appreciation Rights (SAR) Scheme-2022"28 Sep 2026 · Company Update / General
Press Release on "RateGain appoints Chetan Garg as Chief Financial Officer"28 Sep 2026 · Company Update / Press Release / Media Release
Details of KMP under Reg. 30(5) of SEBI (LODR), Regulations, 201528 Sep 2026 · Company Update / General
Intimation regarding appointment of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company28 Sep 2026 · Company Update / Change in Management
Analyst Meet dated 30.09.202625 Sep 2026 · Company Update / Analyst / Investor Meet
Voting Results and Scrutinizer Report of 14th AGM of the Company25 Sep 2026 · AGM/EGM / AGM
Proceedings of Fourteenth (14th) Annual General Meeting24 Sep 2026 · AGM/EGM / AGM
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet24 Sep 2026 · Company Update / Analyst / Investor Meet
Press Release on "Sojern''s Sylvia Weiler Named a 2026 AdExchanger Top Women in Media and Ad Tech Honoree"22 Sep 2026 · Company Update / Press Release / Media Release
Press Release on "RateGain named fastest growing SaaS Company at The Economics Times Enterprise AI Awards 2026"18 Sep 2026 · Company Update / Press Release / Media Release
Analyst Meet16 Sep 2026 · Company Update / Analyst / Investor Meet
Press Release on "More Than 50% of Hotels Use AI, but under 10% see real impact, finds State of Distribution 2026 Report from RateGain, NYU SPS and HEDNA"15 Sep 2026 · Company Update / Press Release / Media Release
Press Release on "RateGain''s UNO Channel Manager Wins Trip.com Favoured Connectivity Partner Recognition for the Third Consecutive Year"10 Sep 2026 · Company Update / Press Release / Media Release
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Plutus Wealth Management LLP & PACs9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Allotment of Equity Share under SAR Scheme3 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Press Release on "RateGain Recognized for Building Future-Ready Skills at People Matters Infini-T Awards India 2026"27 Aug 2026 · Company Update / Press Release / Media Release
Publication of information regarding 14th Annual General Meeting of the Company25 Aug 2026 · Company Update / Newspaper Publication
Press release24 Aug 2026 · Company Update / Press Release / Media Release
Announcement on New CHRO appointment24 Aug 2026 · Company Update / Change in Management
BRSR for Financial Year ended March 31, 202624 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of the Fourteenth (14th) Annual General Meeting ('AGM') and Annual Report of the Company for Financial Year 2025-2624 Aug 2026 · Others / Reg. 34 (1) Annual Report
Disclosure under Regulation 30 (LODR)20 Aug 2026 · Company Update / General
Investor Meeting with Anand Rathi19 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement regarding 14th Annual General Meeting of the Company.19 Aug 2026 · Company Update / Newspaper Publication
Press Release on "VIETJET QAZAQSTAN Strengthens Market Position with AirGain''s Competitive Fare Intelligence."18 Aug 2026 · Company Update / Press Release / Media Release
Transcript of interaction with Analysts/Institutional Investors/Funds11 Aug 2026 · Company Update / Earnings Call Transcript
Analyst Call Intimation7 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication7 Aug 2026 · Company Update / Newspaper Publication
Outcome of Investor Meet6 Aug 2026 · Company Update / Analyst / Investor Meet
Investor Presentation6 Aug 2026 · Company Update / Investor Presentation
Press Release on "the un-audited (standalone and consolidated) financial results of the Company for the quarter ended June 30, 2026"6 Aug 2026 · Company Update / Press Release / Media Release
Press Release on "the un-audited (standalone and consolidated) financial results of the Company for the quarter ended June 30, 2026"6 Aug 2026 · Company Update / Press Release / Media Release

Board meetings

5 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results