BSE: 544242 | NSE: | Travel Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Travels & Rentals Ltd is a average quality company.
The key valuation ratios of Travels & Rentals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Travels & Rentals 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 6.8% | 12.6% | 19.1% | 29.6% | - |
| Value Creation Index ⓘ | -0.5 | -0.1 | 0.4 | 1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 2 | 2.9 | 5.7 | 7.5 | 8 |
| Sales YoY Gr. | - | 42.5% | 99% | 32.8% | - |
| Adj EPS ⓘ | 0.1 | 1.1 | 2.1 | 3.6 | 2.7 |
| YoY Gr. | - | 1766.7% | 91.1% | 70.1% | - |
| BVPS (₹) ⓘ | 6.8 | 8 | 10.5 | 18.2 | 24.1 |
| Adj Net Profit ⓘ | 0 | 0.7 | 1.5 | 3 | 3 |
| Cash Flow from Ops. ⓘ | 0.1 | 1.7 | 3 | -2.4 | - |
| Debt/CF from Ops. ⓘ | 81.1 | 4.4 | 1.9 | -2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 55.6% | 32.8% | ||||
| Adj EPS ⓘ | NA | NA | 292.9% | 70.1% | ||||
| BVPSⓘ | NA | NA | 38.5% | 72.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.9 | 15.1 | 24.5 | 26.7 | 12.5 |
| Op. Profit Mgn % ⓘ | 46.1 | 55.2 | 42 | 57.9 | NAN |
| Net Profit Mgn % ⓘ | 1.8 | 24.2 | 26.6 | 39.4 | 39.4 |
| Debt to Equity ⓘ | 2 | 1.5 | 0.8 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 1,471 | 865 | 930 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 682 | 336 | 315 | 0 |
Sales growth is growing at healthy rate in last 3 years 55.57%
Net Profit is growing at healthy rate in last 3 years 292.93%
Debt to equity has declined versus last 3 years average to 0.32
Return on Equity has declined versus last 3 years average to 12.50%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | - |
| TTM Sales (₹ Cr.) | 7.5 | - |
| BVPS (₹.) ⓘ | 24.1 | - |
| Reserves (₹ Cr.) ⓘ | 16 | - |
| P/BV ⓘ | 4.25 | - |
| PE ⓘ | 38.74 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 52.25 / 157.95 |
| All Time Low / High (₹) | 52.25 / 157.95 |
| Market Cap (₹ Cr.) | 115 |
| Equity (₹ Cr.) | 11.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 66.6 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 2 | 3 | 6 | 8 |
| Operating Expenses ⓘ | 1 | 1 | 3 | 3 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 1 | 2 | 2 |
| Other Costs ⓘ | 0 | 1 | 2 | 1 |
| Operating Profit ⓘ | 1 | 2 | 2 | 4 |
| Operating Profit Margin (%) | 46.1% | 55.2% | 42.0% | 57.9% |
| Other Income ⓘ | 0 | 0 | 0 | 1 |
| Interest ⓘ | 1 | 1 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 2 | 4 |
| Tax ⓘ | 0 | 0 | 1 | 1 |
| Profit After Tax | 0 | 1 | 2 | 3 |
| PAT Margin (%) | 1.8% | 24.2% | 26.6% | 39.4% |
| Adjusted EPS (₹) | 0.1 | 1.1 | 2.1 | 3.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4 | 5 | 7 | 15 | ||||||
| Share Capital ⓘ | 2 | 2 | 2 | 8 | ||||||
| Reserves ⓘ | 2 | 3 | 5 | 7 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 7 | 6 | 6 | 5 | ||||||
| Long Term Debt | 7 | 6 | 3 | 3 | ||||||
| Short Term Debt | 1 | 1 | 2 | 2 | ||||||
| Trade Payables | 0 | 0 | 2 | 1 | ||||||
| Others Liabilities ⓘ | 1 | 2 | 1 | 4 | ||||||
| Total Liabilities ⓘ | 13 | 13 | 16 | 25 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 1 | 1 | ||||||
| Accumulated Depreciation | 1 | 1 | 1 | 1 | ||||||
| Net Fixed Assetsⓘ | 1 | 0 | 0 | 0 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 1 | 1 | 1 | 1 | ||||||
| Inventories | 0 | 0 | 0 | 0 | ||||||
| Trade Receivables | 5 | 6 | 9 | 13 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 6 | 6 | 6 | 10 | ||||||
| Total Assets ⓘ | 13 | 13 | 16 | 25 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 2 | 3 | -2 |
| PBT ⓘ | 0 | 1 | 2 | 4 |
| Adjustment ⓘ | 1 | 1 | 0 | 0 |
| Changes in Working Capital ⓘ | -1 | 0 | 1 | -6 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | -2 | -3 | 2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 4 |
| Net Proceeds from Borrowing ⓘ | 2 | -1 | -2 | -1 |
| Interest Paid ⓘ | -1 | -1 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | 0 | -2 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.87 | 15.12 | 24.45 | 26.72 | ||||||
| ROCE (%) | 6.8 | 12.61 | 19.07 | 29.56 | ||||||
| Asset Turnover Ratio | 0.16 | 0.22 | 0.38 | 0.37 | ||||||
| PAT to CFO Conversion(x) | N/A | 2 | 1.5 | -0.67 | Working Capital Days | |||||
| Receivable Days | 994 | 732 | 475 | 539 | ||||||
| Inventory Days | 0 | 0 | 0 | 0 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
Travels & Rentals Limited was originally incorporated as a Private Limited Company in the name of ‘Travels & Rentals Private Limited’ on September 23, 1996 under the provisions of the Companies Act, 1956 issued by the Registrar of Companies - Kolkata. Subsequently, the company was converted into Public Limited Company under the provisions of the Companies Act, 2013 and the name of the company was changed to ‘Travels & Rentals Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated April 05, 2024 issued by the Registrar of Companies - Central Processing Centre.
The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing and tickets for activities and attractions. The company is accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by Ministry of Tourism, Government of India, member of TAAI (Travel Agent Association of India) and member of IATO (Indian Association of Tour Operators).
The company’s business is completely dependent on the geographical changes. The current environmental conditions going on in the destination is very important for a customer. Customers choose a destination depending upon the month of travel, as not all destinations are travelable in all seasons of the year. The company offers best services to all its customers by understanding its client’s needs and strive to deliver beyond their expectations. It is always committed to fulfil the requirements of its clientele according to their needs. In order to meet these requirements, it has adapted to best measures in the industry. A professional approach and constant interaction ensure client requirement is met with high standard within the agreed guidelines of time and cost.
Business area of the company
Travels & Rentals is engaged in the business of Travel Agency with a focus on Air, Hotel, Car and other related services.
Products and services of the company
Awards and accreditations
History 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.
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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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