BSE: 543272 | NSE: EASEMYTRIP | Travel Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Easy Trip Planners Ltd is a good quality company.
The key valuation ratios of Easy Trip Planners Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Easy Trip Planners Ltd is likely to Rise-somewhat 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 53.2% | 24.6% | 79.3% | 59.3% | 67.4% | 66.2% | 55.2% | 30.3% | - |
| Value Creation Index ⓘ | 2.9 | 0.8 | 4.9 | 3.2 | 3.8 | 3.9 | 3.1 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 103 | 100 | 101 | 141 | 138 | 233 | 430 | 482 | 468 |
| Sales YoY Gr. | - | -2.7% | 1% | 39.4% | -1.8% | 68.1% | 84.6% | 12% | - |
| Adj EPS ⓘ | 0.1 | 0 | 0.2 | 0.2 | 0.4 | 0.6 | 0.9 | 1 | 0.6 |
| YoY Gr. | - | -100% | NA | 18.8% | 89.5% | 72.2% | 37.1% | 14.1% | - |
| BVPS (₹) ⓘ | 0.3 | 0 | 0.4 | 0.6 | 1 | 1.4 | 2.2 | 3.6 | 4 |
| Adj Net Profit ⓘ | 18.3 | 5.7 | 27.6 | 33.4 | 62.3 | 107 | 147 | 171 | 103 |
| Cash Flow from Ops. ⓘ | -12.5 | 12.8 | 70.2 | 47.8 | 84.4 | 8.6 | -93.5 | 114 | - |
| Debt/CF from Ops. ⓘ | -0.8 | 0 | 0 | 0 | 0 | 4.6 | -0.7 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 36.6% | 51.5% | 12% | ||||
| Adj EPS ⓘ | NA | 43.4% | 39.2% | 14.1% | ||||
| BVPSⓘ | NA | 56% | 55.9% | 61.4% | ||||
| Share Price | - | - | 0.2% | -17% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 41.9 | 13.1 | 49.3 | 39.2 | 46.5 | 52.9 | 46.9 | 33.4 | 15.3 |
| Op. Profit Mgn % ⓘ | 27.2 | -0.8 | 0.5 | 14.1 | 56.8 | 57.3 | 43.3 | 46.4 | 41.5 |
| Net Profit Mgn % ⓘ | 17.8 | 5.7 | 27.3 | 23.7 | 45 | 46 | 34.2 | 35.6 | 22 |
| Debt to Equity ⓘ | 0.2 | 0 | 0 | 0 | 0 | 0.2 | 0.2 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 319 | 270 | 189 | 251 | 206 | 249 | 292 | 230 |
| Cash Conv. Cycle ⓘ | 0 | 32 | -33 | -64 | -143 | -119 | -40 | -25 | 156 |
Sales growth is growing at healthy rate in last 3 years 51.50%
Net Profit is growing at healthy rate in last 3 years 39.15%
Return on Equity has declined versus last 3 years average to 15.30%
Sales growth is not so good in last 4 quarters at 1.25%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | 0.5 |
| TTM Sales (₹ Cr.) | 468 | 622 |
| BVPS (₹.) ⓘ | 4 | 3.8 |
| Reserves (₹ Cr.) ⓘ | 527 | 488 |
| P/BV ⓘ | 7.48 | 7.91 |
| PE ⓘ | 50.79 | 59.63 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 28.45 / 54.00 |
| All Time Low / High (₹) | 9.22 / 73.50 |
| Market Cap (₹ Cr.) | 5,263 |
| Equity (₹ Cr.) | 177.2 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 66.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Sales | 103 | 100 | 101 | 141 | 138 | 233 | 430 | 482 |
| Operating Expenses ⓘ | 76 | 102 | 106 | 128 | 62 | 100 | 244 | 260 |
| Manufacturing Costs | 1 | 1 | 4 | 7 | 3 | 6 | 18 | 10 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 11 | 16 | 22 | 30 | 21 | 23 | 41 | 57 |
| Other Costs ⓘ | 63 | 85 | 81 | 91 | 39 | 71 | 185 | 193 |
| Operating Profit ⓘ | 27 | -2 | -5 | 13 | 76 | 133 | 186 | 221 |
| Operating Profit Margin (%) | 26.2% | -2.3% | -5.1% | 8.9% | 54.9% | 57.0% | 43.3% | 46.0% |
| Other Income ⓘ | 2 | 15 | 50 | 39 | 12 | 15 | 17 | 18 |
| Interest ⓘ | 1 | 2 | 3 | 3 | 3 | 2 | 5 | 5 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -72 |
| Profit Before Tax ⓘ | 28 | 11 | 41 | 48 | 85 | 145 | 197 | 160 |
| Tax ⓘ | 10 | 4 | 12 | 13 | 22 | 38 | 50 | 41 |
| Profit After Tax | 18 | 7 | 29 | 35 | 62 | 107 | 147 | 119 |
| PAT Margin (%) | 17.8% | 6.6% | 29.0% | 24.6% | 45.0% | 46.0% | 34.2% | 24.8% |
| Adjusted EPS (₹) | 0.1 | 0.0 | 0.2 | 0.2 | 0.4 | 0.6 | 0.8 | 0.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 35% | 20% | 0% | 15% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 44 | 44 | 68 | 103 | 165 | 240 | 387 | 638 | ||
| Share Capital ⓘ | 0 | 7 | 22 | 22 | 22 | 43 | 174 | 177 | ||
| Reserves ⓘ | 44 | 37 | 46 | 81 | 144 | 196 | 213 | 461 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 10 | 0 | 0 | 0 | 0 | 40 | 65 | 0 | ||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Short Term Debt | 10 | 0 | 0 | 0 | 0 | 40 | 65 | 0 | ||
| Trade Payables | 10 | 16 | 28 | 25 | 24 | 32 | 60 | 56 | ||
| Others Liabilities ⓘ | 83 | 116 | 144 | 152 | 188 | 156 | 157 | 123 | ||
| Total Liabilities ⓘ | 147 | 176 | 240 | 279 | 378 | 468 | 669 | 818 | ||
Fixed Assets | ||||||||||
| Gross Block | 7 | 6 | 8 | 9 | 9 | 10 | 12 | 12 | ||
| Accumulated Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 3 | ||
| Net Fixed Assetsⓘ | 6 | 6 | 7 | 8 | 8 | 8 | 10 | 9 | ||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Investmentsⓘ | 32 | 30 | 0 | 2 | 3 | 21 | 25 | 128 | ||
| Inventories | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Trade Receivables | 38 | 43 | 42 | 58 | 29 | 51 | 163 | 237 | ||
| Cash Equivalents | 4 | 9 | 86 | 131 | 228 | 123 | 37 | 75 | ||
| Others Assetsⓘ | 67 | 84 | 105 | 80 | 109 | 264 | 435 | 368 | ||
| Total Assets ⓘ | 147 | 176 | 240 | 279 | 378 | 468 | 669 | 818 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -13 | 13 | 70 | 48 | 84 | 9 | -93 | 114 |
| PBT ⓘ | 28 | 11 | 38 | 48 | 85 | 145 | 197 | 160 |
| Adjustment ⓘ | 13 | 24 | -31 | -26 | -37 | -9 | -7 | 69 |
| Changes in Working Capital ⓘ | -48 | -15 | 75 | 32 | 61 | -86 | -224 | -65 |
| Tax Paid ⓘ | -6 | -7 | -11 | -6 | -24 | -42 | -60 | -51 |
| Cash Flow From Investing Activity ⓘ | 3 | 5 | -42 | -69 | -23 | -61 | 61 | -56 |
| Capex | 0 | 0 | -1 | -1 | -1 | -2 | -75 | -73 |
| Net Investments | 2 | 0 | -46 | -74 | -35 | -65 | 146 | 24 |
| Others ⓘ | 0 | 5 | 5 | 7 | 12 | 6 | -10 | -7 |
| Cash Flow From Financing Activityⓘ | 10 | -12 | -2 | 0 | 0 | -34 | -2 | 64 |
| Net Proceeds from Shares ⓘ | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 85 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -2 | -2 | 0 | 0 | -1 | -2 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -33 | 0 | -18 |
| Others ⓘ | 3 | -10 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 5 | 26 | -21 | 61 | -86 | -35 | 121 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 42.14 | 15.12 | 52.44 | 40.61 | 46.47 | 52.92 | 46.86 | 23.26 | ||
| ROCE (%) | 53.21 | 24.61 | 79.27 | 59.32 | 67.41 | 66.18 | 55.22 | 30.34 | ||
| Asset Turnover Ratio | 0.7 | 0.76 | 0.84 | 1.02 | 0.6 | 0.94 | 1.17 | 1.01 | ||
| PAT to CFO Conversion(x) | -0.72 | 1.86 | 2.41 | 1.37 | 1.35 | 0.08 | -0.63 | 0.96 | Working Capital Days | |
| Receivable Days | 132 | 120 | 88 | 69 | 81 | 37 | 59 | 97 | ||
| Inventory Days | 1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Easy Trip Planners Limited 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 as well as ancillary value-added services such as travel insurance, visa processing and tickets for activities and attractions. The company has been providing customers with the option of no-convenience fee, such that customers are not required to pay any service fee in instances where there are no alternate discount or promotion coupon being availed. In its pricing model, it has endeavored to avoid hidden costs, which result in increasing the final price payable by the customer.
The company commenced operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India. Subsequently, by leveraging its B2B2C channel, it commenced operations in the B2C (business to customer) distribution channel in 2011 by primarily focusing on the growing Indian middle class population’s travel requirements. Consequently, due to its presence in the B2B2C and B2C channels, it was 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 corporates. Its presence in three distinct distribution channels provides it with a diversified customer base and wide distribution network.
Business area of the company
Easy Trip Planners is the second largest online travel agency in India in terms of gross revenue. The online travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services i.e. travel insurance, visa processing, etc.
Awards and Recognition
2016:
2017:
2018:
2019:
2020
Accreditations:
Major events and milestones:
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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.
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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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