Easy Trip Planners Ltd - Stock Valuation and Financial Performance

BSE: 543272 | NSE: EASEMYTRIP | Travel Services | Small Cap

Easy Trip Planners Share Price

30.31 -1.49 -4.69%
as on 22-Oct'24 16:01

DeciZen - make an informed investing decision on Easy Trip Planners

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Easy Trip Planners stock performance -

mw4me loader
P/E Ratio (SA):
44.27
Market Cap:
5,635.1 Cr.
52-wk low:
31.6
52-wk high:
54

Is Easy Trip Planners Ltd an attractive stock to invest in?

1. Is Easy Trip Planners Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Easy Trip Planners Ltd is a good quality company.

2. Is Easy Trip Planners Ltd undervalued or overvalued?

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.

3. Is Easy Trip Planners Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Easy Trip Planners Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Easy Trip Planners:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Easy Trip Planners Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 53.2%24.6%79.3%59.3%67.4%66.2%55.2%30.3%-
Value Creation
Index
2.90.84.93.23.83.93.11.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 103100101141138233430482485
Sales YoY Gr.--2.7%1%39.4%-1.8%68.1%84.6%12%-
Adj EPS 0.100.20.20.40.60.910.7
YoY Gr.--100%NA18.8%89.5%72.2%37.1%14.1%-
BVPS (₹) 0.300.40.611.42.23.63.8
Adj Net
Profit
18.35.727.633.462.3107147171128
Cash Flow from Ops. -12.512.870.247.884.48.6-93.5114-
Debt/CF from Ops. -0.800004.6-0.70-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA36.6%51.5%12%
Adj EPS NA43.4%39.2%14.1%
BVPSNA56%55.9%61.4%
Share Price - - -1% -24.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
41.913.149.339.246.552.946.933.419.5
Op. Profit
Mgn %
27.2-0.80.514.156.857.343.346.447.3
Net Profit
Mgn %
17.85.727.323.7454634.235.626.3
Debt to
Equity
0.200000.20.20-
Working Cap
Days
0319270189251206249292244
Cash Conv.
Cycle
032-33-64-143-119-40-25147

Recent Performance Summary

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 19.50%

Sales growth is not so good in last 4 quarters at 8.57%

Latest Financials - Easy Trip Planners Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 0.6
TTM Sales (₹ Cr.) 485 619
BVPS (₹.) 3.8 3.6
Reserves (₹ Cr.) 495 461
P/BV 8.38 8.83
PE 44.27 51.43
From the Market
52 Week Low / High (₹) 31.57 / 54.00
All Time Low / High (₹) 9.22 / 73.50
Market Cap (₹ Cr.) 5,635
Equity (₹ Cr.) 177.2
Face Value (₹) 1
Industry PE 69.3

Management X-Ray of Easy Trip Planners:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Easy Trip Planners

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales103100101141138233430482
Operating Expenses 7610210612862100244260
Manufacturing Costs1147361810
Material Costs00000000
Employee Cost 1116223021234157
Other Costs 638581913971185193
Operating Profit 27-2-51376133186221
Operating Profit Margin (%) 26.2%-2.3%-5.1%8.9%54.9%57.0%43.3%46.0%
Other Income 215503912151718
Interest 12333255
Depreciation 00011112
Exceptional Items 0000000-72
Profit Before Tax 2811414885145197160
Tax 104121322385041
Profit After Tax 187293562107147119
PAT Margin (%) 17.8%6.6%29.0%24.6%45.0%46.0%34.2%24.8%
Adjusted EPS (₹)0.10.00.20.20.40.60.80.7
Dividend Payout Ratio (%)0%0%0%0%35%20%0%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 444468103165240387638
Share Capital 0722222243174177
Reserves 44374681144196213461
Minority Interest00000000
Debt10000040650
Long Term Debt00000000
Short Term Debt10000040650
Trade Payables1016282524326056
Others Liabilities 83116144152188156157123
Total Liabilities 147176240279378468669818

Fixed Assets

Gross Block76899101212
Accumulated Depreciation00011133
Net Fixed Assets667888109
CWIP 00000000
Investments 32300232125128
Inventories03000000
Trade Receivables384342582951163237
Cash Equivalents 49861312281233775
Others Assets678410580109264435368
Total Assets 147176240279378468669818

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -13137048849-93114
PBT 2811384885145197160
Adjustment 1324-31-26-37-9-769
Changes in Working Capital -48-15753261-86-224-65
Tax Paid -6-7-11-6-24-42-60-51
Cash Flow From Investing Activity 35-42-69-23-6161-56
Capex 00-1-1-1-2-75-73
Net Investments 20-46-74-35-6514624
Others 0557126-10-7
Cash Flow From Financing Activity 10-12-200-34-264
Net Proceeds from Shares 700000085
Net Proceeds from Borrowing 00000000
Interest Paid 0-2-200-1-2-3
Dividend Paid 00000-330-18
Others 3-10000000
Net Cash Flow 0526-2161-86-35121
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)42.1415.1252.4440.6146.4752.9246.8623.26
ROCE (%)53.2124.6179.2759.3267.4166.1855.2230.34
Asset Turnover Ratio0.70.760.841.020.60.941.171.01
PAT to CFO Conversion(x)-0.721.862.411.371.350.08-0.630.96
Working Capital Days
Receivable Days132120886981375997
Inventory Days15000000
Payable Days00000000

Easy Trip Planners Ltd Stock News

Easy Trip Planners Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Easy Trip Planners on 22-Oct-2024 16:01 is ₹30.31.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Oct-2024 16:01 the market cap of Easy Trip Planners stood at ₹5,635.1.
The latest P/E ratio of Easy Trip Planners as of 22-Oct-2024 16:01 is 44.27.
The latest P/B ratio of Easy Trip Planners as of 22-Oct-2024 16:01 is 8.38.
The 52-week high of Easy Trip Planners is ₹54.00 and the 52-week low is ₹31.57.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Easy Trip Planners is ₹485.1 ( Cr.) .

About Easy Trip Planners Ltd

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:

  • Received the ‘Best Destination Management Company in Thailand’ from FMW at the Asean Thai-India Business Leadership Awards, 2016.
  • Received the ‘Top Contributors Awards, 2015-16’ and a certificate of excellence from Spicejet in recognition of our Company’s contribution and support.
  • Received an award from GoAir airlines in recognition of the contribution of our Company towards their annual business.

2017:

  • Received the awards for ‘Most Outstanding Online Company – 2016’ and ‘TnH face of the Year’ by the Travel and Hospitality magazine at the Travel & Tourism Awards, 2017.
  • Received a certificate of appreciation from Aeroflot – Russian Airlines in recognition of the company’s contribution and ‘outstanding passenger sales productivity’ during the year 2017.
  • Received a certificate of recognition from Spicejet for the company’s ‘outstanding performance and continuous support’.
  • Received a certificate in recognition of the company’s contribution in the year 2016-17 and the ‘Top Contributor 2017’ award from Indigo.

2018:

  • Received the ‘World’s Greatest Brands 2017-18 - Asia & GCC’ award from URS Asia One under the ‘Services’ industry and ‘Travel’ category at the India-UAE Business & Social Forum 2018.
  • Received the award for ‘Best Online Travel Company’ at the Global Star Awards, 2018.
  • Received a certificate of appreciation from Air Arabia for outstanding performance in the year 2018.
  • Received a plaque of appreciation from Turkish Airlines.

2019:

  • Received a certificate for ‘Best Sales Performance 2018-19’ from Ukraine International Airlines.
  • Received the award for ‘Best Online Travel Portal’ at the Asia Leadership Awards.
  • Received a certificate of excellence for the ‘Most Trusted Brand in Travel Technology’ at the Global Iconic Awards.
  • Received the ‘Vistara Gold Partner Award’ for 2018-19.
  • Received the award for ‘Most Trusted Travel Planner’ at the Ravishing Wedding Summit & Awards, 2019.
  • Received the ‘Customer Centric Business Award’ from Business Television India.

2020

  • Adjudged the ‘Best Online Travel Booking Site’ at the SATTE Awards, 2020.
  • Received a certificate of ‘Tech companies to watch out for’ by Business World.
  • The company won the ‘World Business Leader’ award at The Bizz Awards.
  • The company won the ‘Best Online Travel Booking Site’ at the SATTE Awards.
  • The company won the ‘Best Dealers Meet’ at the 3rd edition of BW Applause Experiential Marketing Summit & Awards.

Accreditations:

  • 2010: Received the certificate of accreditation from IATA certifying that the company had met the professional standards of the IATA to promote and sell international air passenger transportation.
  • 2016: Received ISO 9001:2015 certification by P.C. Management System Private Limited in respect of providing B2B and B2C ticketing platform for airlines and hotels across travel agents and online consumers.
  • 2018: Became an ALLIED member of the IATO.
  • 2019: Received ISO/IEC 27001:2013 certification by Information Security Management System in respect of online travel ticketing including all business functions and processes associated with information assets.

Major events and milestones:

  • 2008: The company began its operations as a B2B portal.
  • 2009: The company achieved profitability.
  • 2011: The company launched its B2C business with respect to its flight booking service.
  • 2012: The company launched international flight booking service.
  • 2013: The company launched its hotels and holidays packages business.
  • 2013: The company launched its B2E business with respect to its flight booking service.
  • 2014-15: The company achieved Gross Booking Revenue mark of $150 million.
  • 2015: The company launched the EasyMyTrip mobile application.
  • 2018: The company launched its railway ticket booking service.
  • 2018: The company became an ALLIED member of the IATO.
  • 2019: The company incorporated EaseMyTrip UK as a wholly owned Subsidiary and acquired its wholly owned Subsidiaries, namely Singapore Arrivals Pte. Ltd. and Easemytrip Middleeast DMCC.
  • 2019: The company’s Gross Booking Revenues for Fiscal 2019 were Rs 29,377.75 million.
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