TBO TEK LIMITED

BSE: TBOTEK544174ISIN INE673O01025

Consumer Discretionary
Tour, Travel Related Services
BSE 500

Share price

₹1,526.10-67.25 (-4.22%)

as of 4 Nov 2026

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

52W high: ₹1,771.00
52W low: ₹1,005.50
Off 52W high: -13.83%
1M return: -7.86%
3M return: -8.41%
6M return: +19.32%
1Y return: -4.01%
20D avg volume: 54,286
50 DMA: ₹1,653.35
200 DMA: ₹1,430.64

Key ratios Consolidated

Market cap: ₹16,572 Cr
Current price: ₹1,526.10
52W high / low: ₹1,771.00 / ₹1,005.50
Face value: ₹1.00
P/E: 60.67
P/B: 9.54
EPS (TTM): ₹25.15
Book value / share: ₹159.99
ROE: —
ROCE: 15.00%
Operating margin: —
Net margin: —
Debt / equity: 0.42
Net debt: ₹-376.52 Cr
Interest cover: 7.73
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -14.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	865.63	925.78	814.36	784.33	567.51	511.28	446.13	422.19	450.69	418.46	369.07
	14.76	12.90	12.79	12.34	15.19	12.73	16.41	16.57	7.03	15.45	6.85
	880.39	938.68	827.15	796.67	582.70	524.00	462.54	438.76	457.72	433.92	375.91
	780.71	835.38	753.47	725.26	504.47	456.43	400.69	385.54	386.45	358.40	322.62
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	190.72	179.37	170.16	164.65	107.90	102.85	99.19	100.18	94.56	82.16	78.65
	16.96	14.58	14.55	14.89	8.87	5.26	5.39	5.71	5.95	6.22	4.12
	33.84	33.04	29.91	26.41	16.15	13.96	13.89	12.93	12.71	12.36	15.01
	539.20	608.40	538.86	519.30	371.56	334.36	282.22	128.71	128.50	113.86	103.75
	99.68	103.29	73.67	71.42	78.23	67.57	61.84	53.23	71.27	75.52	53.29
	-8.14	0.00	0.00	-5.32	0.00	7.74	8.99	3.72	0.00	0.00	0.00
	91.54	103.29	73.67	66.10	78.23	75.31	70.84	56.94	71.27	75.52	53.29
	15.54	19.93	13.57	12.41	10.68	12.34	11.93	6.97	11.19	14.60	6.89
	75.99	83.36	60.10	53.69	67.55	62.97	58.91	49.98	60.09	60.92	46.40
	7.08	7.77	5.62	5.03	6.32	5.90	5.54	4.70	5.71	5.85	4.58
Key metrics
	142.34	150.91	118.13	107.40	103.25	94.53	90.12	75.58	89.93	94.10	72.42
	16.40%	16.30%	14.50%	13.70%	18.20%	18.50%	20.20%	17.90%	20.00%	22.50%	19.60%
	8.80%	9.00%	7.40%	6.80%	11.90%	12.30%	13.20%	11.80%	13.30%	14.60%	12.60%
	4.80%	—	3.90%	—	4.10%	—	5.50%	—	—	—	—
	52.50%	81.10%	82.50%	85.80%	25.90%	22.20%	20.90%	—	—	—	—
	12.50%	32.40%	2.00%	7.40%	12.40%	3.40%	27.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	3,390	2,677	1,737	1,393
	52.79	51.23	61.83	22.66
	3,443	2,729	1,799	1,415
	3,095	2,438	1,537	1,181
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	704.90	545.55	376.09	277.34
	60.98	43.58	23.28	10.65
	123.20	86.43	51.88	36.16
	2,206	1,762	1,086	374.71
	348.06	290.89	261.86	234.11
	-13.46	2.42	12.71	-7.20
	334.60	293.31	274.57	226.91
	61.45	49.00	44.68	26.34
	273.14	244.31	229.89	200.57
	25.50	22.88	21.73	19.85
Key metrics
	518.78	423.32	349.73	273.72
	15.30%	15.80%	20.10%	19.70%
	8.06%	9.10%	13.20%	14.40%
	—	15.00%	21.60%	—
	74.11%	54.10%	24.70%	—
	14.09%	6.30%	14.60%	—
	—	33.87	61.73	—
	—	0.19	0.30	—
	—	0.42	0.11	—
	—	-376.52	-825.32	—
	—	-14.6	-54.6	—
Balance sheet
	—	9,309	6,214	—
	—	7,620	5,799	—
	—	1,022	961.70	—
	—	5,314	4,061	—
	—	0.00	0.00	—
	—	601.78	232.29	—
	—	114.12	77.82	—
	—	5,422	4,321	—
	—	7,062	4,837	—
	—	645.10	136.38	—
	—	88.07	46.24	—
	—	557.03	90.14	—
	—	1,551	1,195	—
Cash flow
	—	46.44	68.01	—
	—	-484.90	-220.12	—
	—	441.25	364.78	—
	—	12.57	6.28	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	155.94	157.18	145.70	145.12	144.25	148.75	146.04	133.59	141.94	154.37	137.79
	16.55	12.27	26.87	14.22	11.51	9.06	11.40	12.48	8.36	10.32	6.84
	172.49	169.44	172.57	159.35	155.75	157.81	157.44	146.07	150.30	164.69	144.63
	151.17	142.70	147.34	143.32	142.35	135.19	142.53	130.86	132.69	133.35	129.98
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	65.56	59.77	60.62	61.61	59.84	55.97	58.69	58.77	54.64	48.15	43.35
	2.40	2.43	2.48	2.55	2.21	1.65	1.72	1.74	1.78	1.98	2.41
	6.34	6.37	5.38	5.24	4.85	4.19	4.20	4.23	4.14	4.40	5.35
	76.87	74.13	78.85	73.92	75.45	73.37	77.92	18.62	17.81	14.70	14.36
	21.31	26.74	25.24	16.02	13.41	22.63	14.92	15.22	17.61	31.35	14.65
	0.00	0.00	0.00	-0.55	-0.06	-0.97	-1.11	—	—	—	-6.70
	21.31	26.74	25.24	15.47	13.35	21.66	13.81	15.22	17.61	31.35	7.95
	5.42	6.67	6.25	3.93	3.51	5.54	5.21	3.86	4.04	8.05	2.17
	15.89	20.07	18.99	11.54	9.84	16.11	8.60	11.36	13.57	23.30	5.78
	1.48	1.87	1.78	1.08	0.92	1.51	0.81	1.07	1.29	2.24	0.57
Key metrics
	30.05	35.54	33.10	23.26	20.41	27.50	19.73	21.19	23.53	37.73	15.71
	19.30%	22.60%	22.70%	16.00%	14.10%	18.50%	13.50%	15.90%	16.60%	24.40%	11.40%
	10.20%	12.80%	13.00%	8.00%	6.80%	10.80%	5.90%	8.50%	9.60%	15.10%	4.20%
	2.30%	—	2.90%	—	1.70%	—	1.80%	—	—	—	—
	8.10%	5.70%	-0.20%	8.60%	1.60%	-3.60%	6.00%	—	—	—	—
	61.50%	24.60%	120.80%	1.60%	-27.50%	-30.90%	48.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	603.94	583.83	575.94	538.96
	69.91	60.80	42.42	21.12
	673.85	644.63	618.37	560.08
	584.53	567.33	539.27	482.06
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	247.56	238.05	220.25	166.00
	9.86	8.89	7.22	8.05
	23.33	19.66	16.98	19.40
	303.77	300.73	294.83	58.80
	89.31	77.30	79.09	78.03
	-0.55	-1.58	-1.11	-14.80
	88.76	75.72	77.99	63.22
	22.27	19.23	21.16	16.04
	66.49	56.48	56.82	47.18
	6.21	5.29	5.37	4.63
Key metrics
	121.95	104.27	102.19	90.67
	20.19%	17.90%	17.70%	16.80%
	11.01%	9.70%	9.90%	8.80%
	—	8.70%	10.00%	—
	5.47%	1.40%	6.90%	—
	44.83%	-0.60%	20.40%	—
	—	90.50	-165.96	—
	—	1.78	-2.86	—
	—	0.00	0.00	—
	—	-190.74	-414.57	—
	—	106.3	6.8	—
Balance sheet
	—	1,448	1,412	—
	—	843.45	1,197	—
	—	190.74	415.50	—
	—	496.28	408.62	—
	—	0.00	0.00	—
	—	67.84	59.55	—
	—	98.28	63.08	—
	—	326.37	397.93	—
	—	480.70	555.19	—
	—	0.00	0.93	—
	—	0.00	0.00	—
	—	0.00	0.93	—
	—	864.35	785.56	—
Cash flow
	—	100.73	-162.65	—
	—	-310.54	-78.19	—
	—	-14.95	378.28	—
	—	10.23	3.31	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.47%
Profit YoY (TTM): +44.83%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +74.11%
Profit YoY (TTM): +14.09%

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: 44.40%

Quarter	September 2026	June 2026
Promoter %	44.40%	44.40%

Holder	Type	Holding	Previous	Change
LAP TRAVEL PRIVATE LIMITED	Promoter	21.60%	21.60%	0.00%
GAURAV BHATNAGAR	Promoter	17.33%	17.33%	0.00%
GENERAL ATLANTIC SINGAPORE TBO PTE. LTD	Public	14.40%	14.40%	0.00%
MANISH DHINGRA	Promoter	4.87%	4.87%	0.00%
ICICI PRUDENTIAL TECHNOLOGY FUND	Public	4.26%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA VAL	Public	4.18%	3.87%	+0.31%
FRANKLIN INDIA AGGRESSIVE HYBRID FUND	Public	3.39%	—	—
CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO SMALL	Public	2.53%	2.48%	+0.05%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL F	Public	2.27%	1.62%	+0.65%
SBI TECHNOLOGY OPPORTUNITIES FUND	Public	2.16%	—	—
GOVERNMENT PENSION FUND GLOBAL	Public	1.81%	1.81%	0.00%
TBO EMPLOYEES BENEFIT TRUST	Public	1.44%	1.53%	-0.09%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-	Public	1.40%	—	—
TATA MUTUAL FUND - TATA NIFTY INDIA DIGITAL EXCHAN	Public	1.16%	—	—
ANKUSH NIJHAWAN	Promoter	0.60%	0.60%	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
Indian Railway Catering & Tourism Corporation Ltd	36,000	450.00	25.85	41.10%	+15.01% TTM	+4.11% TTM	-37.38%
TBO TEK LIMITED	16,572	1,526.10	60.67	15.00%	+74.11% TTM	+14.09% TTM	-4.01%
BLS International Services Ltd	8,922	216.70	11.73	26.10%	+28.70% TTM	+18.86% TTM	-32.67%
Waterways Leisure Tourism Limited	6,450	89.09	—	—	—	—	—
Le Travenues Technology Limited	6,387	144.75	41.55	4.80%	+16.05% TTM	+221.53% TTM	-44.66%
Thomas Cook (India) Ltd.	4,213	89.57	21.77	12.00%	-6.57% TTM	-24.87% TTM	-44.44%
Easy Trip Planners Limited	2,439	6.12	-40.83	-4.70%	+1.48% TTM	-179.46% TTM	-22.82%
YATRA ONLINE LIMITED	1,194	76.09	38.33	7.00%	+9.35% TTM	-35.79% TTM	-47.07%
MACH TRAVEL SOLUTIONS LIMITED	479	227.70	—	16.20%	—	—	+107.28%
International Travel House Ltd S	216	269.95	13.20	13.70%	-2.15% TTM	-37.76% TTM	-41.19%
Trade Wings Ltd.	147	489.15	108.06	45.50%	+4.48% TTM	-70.82% TTM	+766.67%
YAAN ENTERPRISES LIMITED S	51	166.00	63.60	23.10%	+350.36% TTM	+72.34% TTM	+83.93%
HELLOJI HOLIDAYS LIMITED S	41	120.70	—	9.80%	—	—	—
LGT GLOBAL HOSPITALITY LIMITED	29	31.00	—	18.70%	—	—	-33.40%
Naturewings Holidays Limited S	24	68.00	15.63	15.70%	—	—	-19.75%
UHM Vacation Limited	19	28.54	—	25.90%	—	—	—
LANDMARK GLOBAL LEARNING LIMITED S	19	9.00	-2.54	-8.00%	—	—	-82.40%
Travels & rentals Limited S	15	7.25	5.11	17.80%	—	—	—
Western Overseas Study Abroad Limited S	12	20.25	—	22.30%	—	—	—
SAILANI TOURS N TRAVELS LIMITED	4	8.77	—	6.60%	—	—	-53.84%

Filings & corporate actions

Recent announcements

Please find enclosed the Intimation for Change in Corporate Office Address of Registrar and Share Transfer Agent.4 Nov 2026 · Company Update / General
Please find enclosed the intimation for Audio Recording of the Investor Earnings Conference Call dated November 03, 2026.3 Nov 2026 · Company Update / General
Please find enclosed the Newspaper Publication3 Nov 2026 · Company Update / Newspaper Publication
Please find enclosed the Press Release on the Financial Results.2 Nov 2026 · Company Update / Press Release / Media Release
Please find enclosed the Shareholders Letter for the quarter and half year ended September 30, 2026.2 Nov 2026 · Company Update / General
Please find enclosed the Financial Results for the quarter and half year ended on September 30, 2026.2 Nov 2026 · Result / Financial Results
Please find enclosed the Outcome of Board Meeting2 Nov 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed the Schedule of Earnings Conference Call.28 Oct 2026 · Company Update / Analyst / Investor Meet
TBO TEK Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve Unaudited Standalone and Consolidated ....27 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed the intimation under Regulation 30 of SEBI Listing Regulations.21 Oct 2026 · Company Update / General
Please find enclosed the Certificate for Quarter ended on September 30, 2026.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed the Intimation regarding the closure of Trading Window.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed the Voting Results and Consolidated Scrutinizer''s Report.31 Aug 2026 · AGM/EGM / AGM
Please find enclosed the details of Re-appointment of Non-Executive Independent Directors of the Company.27 Aug 2026 · Company Update / Change in Directorate
Please find enclosed the proceedings of the 20th Annual General Meeting.27 Aug 2026 · AGM/EGM / AGM
Please find enclosed the Schedule of Investor Conference.25 Aug 2026 · Company Update / Analyst / Investor Meet
Please find enclosed the letter dispatched to the members of the Company for the Annual Report of Financial Year 2025-2610 Aug 2026 · Company Update / General
Please find enclosed the Newspaper Publication regarding the Notice of 20th AGM and E-voting Information.6 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed the Transcript of the Investor Earnings Conference Call5 Aug 2026 · Company Update / Earnings Call Transcript
Please find enclosed the Business Responsibility and Sustainability Report for the Financial Year 2025-26.5 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed Notice of 20th Annual General Meeting.5 Aug 2026 · AGM/EGM / AGM
Please find enclosed the Notice of 20th Annual General Meeting and Annual Report for the Financial Year 2025-26.5 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed the Newspaper publication regarding information on 20th Annual General Meeting4 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed disclosure regarding Audio Recording of the Investor Earnings Conference Call held on July 30, 2026.30 Jul 2026 · Company Update / General
Please find enclosed the Newspaper Advertisement for Financial Results for the quarter ended on June 30, 2026.30 Jul 2026 · Company Update / Newspaper Publication
Please find enclosed Shareholder''s Letter on Unaudited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2026 (Revised).29 Jul 2026 · Company Update / General
Please see enclosed the shareholders'' Letter29 Jul 2026 · Company Update / General
Please find enclosed the Press Release on Unaudited Standalone and Consolidated Financial Results29 Jul 2026 · Company Update / Press Release / Media Release
Please enclosed disclosure related to Re-appointment of Non-Executive Independent Director.29 Jul 2026 · Company Update / Change in Directorate
Please find enclosed the results for the Quarter ended March 31, 2026.29 Jul 2026 · Result / Financial Results
Please find enclosed the Outcome of Board Meeting.29 Jul 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed the Schedule of earnings conference call for Investors and Analysts.22 Jul 2026 · Company Update / Analyst / Investor Meet
TBO TEK Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve unaudited Standalone and Consolidated ....22 Jul 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Augusta TBO (Singapore) Pte Ltd13 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find enclosed the Certificate.9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed the Trading Window Closure Intimation.29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached the Investor Presentation28 Jun 2026 · Company Update / General
Please find enclosed the Intimation.11 Jun 2026 · Company Update / General
Please find enclosed the Transcript of the Investor Earnings Conference Call.4 Jun 2026 · Company Update / Earnings Call Transcript
Please find enclosed the Investor Presentation.2 Jun 2026 · Company Update / General

Board meetings

2 Nov 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results