BSE: 544174 | NSE: TBOTEK | Travel Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that TBO Tek Ltd is a average quality company.
The key valuation ratios of TBO Tek Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TBO Tek Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 22.5% | 36% | -6.2% | 13.5% | 53.7% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | 0.7 | 1.7 | -1.5 | 0 | 2.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 441 | 571 | 142 | 483 | 1,065 | 1,065 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | 29.5% | -75.2% | 240.8% | 120.3% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0 | 3.1 | 6.6 | -1.5 | 2.4 | 14 | 13.3 |
| YoY Gr. | - | NA | NA | NA | NA | NA | 112.9% | -122.4% | NA | 483.7% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 15.4 | 23.1 | 19.6 | 22.2 | 32.1 | 173.5 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 32.3 | 68.8 | -15.4 | 25 | 145 | 144 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 93.4 | -3.2 | 49.7 | 198 | 237 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 23.1% | 120.3% | ||||
| Adj EPS ⓘ | NA | NA | 28.3% | 483.7% | ||||
| BVPSⓘ | NA | NA | 11.7% | 44.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 0 | 20.1 | 34.3 | -6.9 | 11.5 | 50.8 | 12.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 10.5 | 15.3 | -15.1 | 8.1 | 18.6 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 7.3 | 12.1 | -10.9 | 5.2 | 14.1 | 13.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 332 | 995 | 373 | 438 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -158 | -210 | -217 | -310 | 0 |
Sales growth is growing at healthy rate in last 3 years 23.09%
Net Profit is growing at healthy rate in last 3 years 28.33%
Return on Equity has declined versus last 3 years average to 12.90%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.8 | 13.3 |
| TTM Sales (₹ Cr.) | 476 | 1,065 |
| BVPS (₹.) ⓘ | 166 | 173.5 |
| Reserves (₹ Cr.) ⓘ | 1,792 | 1,874 |
| P/BV ⓘ | 8.51 | 8.14 |
| PE ⓘ | 296.79 | 106.37 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1275.00 / 1489.80 |
| All Time Low / High (₹) | 1275.00 / 1489.80 |
| Market Cap (₹ Cr.) | 15,344 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 80.7 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|
| Sales | 441 | 571 | 142 | 483 | 1,065 |
| Operating Expenses ⓘ | 397 | 484 | 163 | 448 | 876 |
| Manufacturing Costs | 219 | 250 | 36 | 197 | 399 |
| Material Costs | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 76 | 101 | 60 | 133 | 228 |
| Other Costs ⓘ | 101 | 133 | 67 | 118 | 248 |
| Operating Profit ⓘ | 44 | 87 | -21 | 35 | 189 |
| Operating Profit Margin (%) | 9.9% | 15.3% | -15.1% | 7.3% | 17.7% |
| Other Income ⓘ | 7 | 18 | 35 | 29 | 21 |
| Interest ⓘ | 6 | 5 | 2 | 7 | 14 |
| Depreciation ⓘ | 5 | 12 | 11 | 16 | 25 |
| Exceptional Items ⓘ | -6 | 0 | -29 | 8 | 3 |
| Profit Before Tax ⓘ | 34 | 88 | -30 | 46 | 174 |
| Tax ⓘ | 8 | 15 | 5 | 12 | 26 |
| Profit After Tax | 26 | 73 | -34 | 34 | 148 |
| PAT Margin (%) | 6.0% | 12.8% | -24.1% | 7.0% | 13.9% |
| Adjusted EPS (₹) | 2.5 | 7.0 | -3.3 | 3.2 | 13.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 161 | 240 | 204 | 232 | 335 | |||||
| Share Capital ⓘ | 2 | 2 | 2 | 10 | 10 | |||||
| Reserves ⓘ | 159 | 238 | 202 | 221 | 325 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | -3 | |||||
| Debt | 0 | 0 | 0 | 3 | 6 | |||||
| Long Term Debt | 0 | 0 | 0 | 3 | 6 | |||||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 500 | 285 | 173 | 727 | 1,803 | |||||
| Others Liabilities ⓘ | 200 | 317 | 244 | 366 | 482 | |||||
| Total Liabilities ⓘ | 861 | 842 | 621 | 1,328 | 2,622 | |||||
Fixed Assets | ||||||||||
| Gross Block | 49 | 47 | 45 | 124 | 194 | |||||
| Accumulated Depreciation | 5 | 12 | 22 | 32 | 58 | |||||
| Net Fixed Assetsⓘ | 44 | 35 | 23 | 92 | 136 | |||||
| CWIP ⓘ | 0 | 4 | 9 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Receivables | 380 | 303 | 120 | 531 | 1,566 | |||||
| Cash Equivalents | 296 | 288 | 332 | 504 | 661 | |||||
| Others Assetsⓘ | 142 | 212 | 137 | 200 | 259 | |||||
| Total Assets ⓘ | 861 | 842 | 621 | 1,328 | 2,622 | |||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 93 | -3 | 50 | 198 | 237 |
| PBT ⓘ | 34 | 88 | -30 | 46 | 174 |
| Adjustment ⓘ | 8 | 13 | -12 | 2 | 30 |
| Changes in Working Capital ⓘ | 65 | -92 | 95 | 167 | 56 |
| Tax Paid ⓘ | -14 | -13 | -4 | -16 | -23 |
| Cash Flow From Investing Activity ⓘ | -41 | -14 | -26 | -31 | -106 |
| Capex | -18 | -9 | -7 | -8 | -7 |
| Net Investments | -26 | -9 | -27 | -16 | -19 |
| Others ⓘ | 3 | 4 | 9 | -6 | -81 |
| Cash Flow From Financing Activityⓘ | -5 | -8 | -5 | -16 | -14 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | -3 | -7 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -5 | -8 | -5 | -12 | -7 |
| Net Cash Flow ⓘ | 47 | -25 | 19 | 152 | 117 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.36 | 36.35 | -15.37 | 15.48 | 52.42 | |||||
| ROCE (%) | 24.72 | 46.33 | -12.18 | 24.02 | 64.84 | |||||
| Asset Turnover Ratio | 0.51 | 0.67 | 0.19 | 0.5 | 0.54 | |||||
| PAT to CFO Conversion(x) | 3.58 | -0.04 | N/A | 5.82 | 1.6 | Working Capital Days | ||||
| Receivable Days | 314 | 218 | 545 | 246 | 360 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | |||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | |||||
The company was incorporated as ‘Tek Travels Private Limited’ in New Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 6, 2006, issued by the Registrar of Companies, Delhi and Haryana at New Delhi (RoC). Thereafter, the name of the company was changed to ‘TBO Tek Private Limited’ and a fresh certificate of incorporation dated October 22, 2021 was issued by the RoC. Subsequently, the company was converted into a public limited company and the name of the company was changed to ‘TBO Tek Limited’ and a fresh certificate of incorporation dated November 3, 2021 was issued by the RoC.
The company is one of the leading travel distribution platform in the global travel and tourism industry, providing a wide range of offerings operating in many countries by providing Buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances. Its platform allows the large and fragmented base of Suppliers to display and market inventory to, and set prices for, the large and fragmented global Buyer base. For Buyers, its platform is an integrated, multi-currency and multi-lingual one-stop solution that helps them discover and book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel. It has two key revenue models for its transaction, i.e., B2B Rate Model where it receives inventory from Suppliers on which it applies a certain mark-up and pass on to the Buyers and Commission Model where its Suppliers fix the price at which they want to sell to the end traveller on which receive commission from the Supplier part of which it retains and part of which it share with the Buyer.
The company’s business solutions aim to solve problems of discovery, reliability, transactions, and service by aggregating global travel supply and global travel demand on one platform and by enabling Buyers and Suppliers to transact seamlessly. It aggregates supply from hotels, airlines, car rental companies, transfer providers, cruise companies and other via direct connectivity or through third party aggregators. It classifies Buyers into two broad categories, Retail Buyers and Enterprise Buyers. Retail Buyers are typically small businesses such as travel agencies or travel advisors operating independently. They use its retail selling platform to search, book and pay for global travel supply. On the other hand, Enterprise Buyers comprise large travel businesses such as tour operators, travel management companies and online travel agencies, as well as digital native businesses such as ecommerce portals and super apps. Enterprise buyers usually use its Extensible Markup Language (XML) or JavaScript Object Notation (JSON) application programming interface (API) to transact through its platform. Through its platform, hotels across the world are able to share live inventory and pricing information with it in multiple ways, including through XML feeds, JSON feeds or through its extranet platform. Its Supplier universal API engine aggregates hotel data from all sources and performs multiple data cleaning and consolidation processes. Once ready, its analytical models assess the data and push pricing and personalization recommendations to the Retail Buyer interface of its platform. Its Buyers, while searching to make bookings through the platform, view geo-centric recommendations personalized for them, which facilitates a fast-booking experience. The platform also settles payments on both, the Buyer and Supplier fronts, managing for multiple currencies at both ends.
Business area of the company
TBO Tek is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help. It simplify the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (collectively, Suppliers), and retail buyers such as travel agencies and independent travel advisors (Retail Buyers); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (Enterprise Buyers, together with Retail Buyers, Buyers) through its two-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other.
Awards, accreditations, and accolades
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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