Yatra Online Limited (YATRA)

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Yatra Online Limited (YATRA) · mywealthgrid

About

Yatra Online Limited operates an online travel services platform offering tour packages, bookings, and travel-related services in the leisure travel segment. With a market cap of ₹1,788.82 Crore and quarterly revenues of ₹144–₹350 Crore, it is an established mid-sized player positioned in India's online travel market. The company competes through a digital-first model.

Face value: ₹1

Market cap

₹1,551 Cr

P/E

49.8×

P/B

1.9×

Dividend yield

ROE

5.8%

ROCE

7.6%

Debt / equity

0.09

OPM

EPS (TTM)

₹2.0

Book value

₹52.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation appears stretched: PE of 57.41 against ROE of 5.8% suggests high growth expectations, but verify what milestones justify this multiple
Earnings volatile and thin: quarterly net profit ranges ₹0.34–₹14.28 Crore (36× swing), raising forecasting risk and questions about business predictability
Operating margins narrow (OPM 4.88–10.11%) with limited buffer for cost inflation or price competition; verify cost structure and fix-vs-variable breakdown
Discretionary consumer exposure: leisure travel demand tied to economic cycles and consumer confidence; verify historical performance in downturns

Generated analysis · source review pending

Growth drivers

Quarterly revenues averaging ₹200+ Crore demonstrate established scale; verify year-on-year growth trajectory and whether fluctuations reflect seasonal patterns or operational variability
1y return of 15.3% signals market confidence; verify what operational improvements or external factors drove this appreciation
Operating margin range of 4.88–10.11% indicates room for optimization if cost management or booking mix improves; verify management's profitability strategy
Low leverage (D/E 0.09) provides financial capacity for growth investments; verify capital allocation strategy and use of balance-sheet strength

Generated analysis · source review pending

738 historical price candles were omitted because the exchange source has not been verified.

₹98.8-2.5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 83.1% over the last 3 years
+Revenue CAGR of 38.3% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+High promoter holding of 62.7% with no pledge

Cons

−Low return on equity of 3.2% (3-yr avg)
−Thin operating margin of 8%

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 29
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Tbo Tek LimitedTBOTEKTBOTEK	₹18,152 Cr	₹18,798 Cr	₹3,092 Cr	₹432 Cr	13.8%	₹265 Cr	9.1%	18.5%	17.8%	-133
Bls International Services LimitedBLSBLS	₹8,914 Cr	₹9,144 Cr	₹3,178 Cr	₹867 Cr	27.3%	₹706 Cr	24.1%	30.1%	32.7%	-19
Le Travenues Technology LimitedIXIGOIXIGO	₹7,103 Cr	₹7,127 Cr	₹1,265 Cr	₹72 Cr	5.9%	₹87 Cr	5.8%	7.6%	5.4%	-47
Thomas Cook (India) LimitedTHOMASCOOKTHOMASCOOK	₹4,737 Cr	₹5,014 Cr	₹8,082 Cr	₹394 Cr	5.1%	₹219 Cr	2.6%	12.7%	9.1%	-137
Easy Trip Planners LimitedEASEMYTRIPEASEMYTRIP	₹2,295 Cr	₹2,327 Cr	₹557 Cr	₹-29 Cr	-2.8%	₹-52 Cr	-8.9%	0.8%	-5.2%	-4,782
Yatra Online LimitedYATRAYATRA	₹1,551 Cr	₹1,622 Cr	₹985 Cr	₹70 Cr	8%	₹31 Cr	4.7%	7.6%	5.8%	109
Waterways Leisure Tourism LimitedCORDELIACORDELIA	₹731 Cr	₹780 Cr	₹591 Cr	—	—	₹168 Cr	28.5%	-62.6%	513.1%	-23
Mach Travel Solutions LtdMACHLTDMACHLTD	₹407 Cr	—	₹217 Cr	₹21 Cr	9.7%	₹17 Cr	7.7%	—	—	—
International Travel House LtdITHLITHL	₹226 Cr	₹226 Cr	₹59 Cr	₹-38 Cr	14.7%	₹-45 Cr	8%	17.6%	10.7%	11
Trade Wings LtdTRADWINTRADWIN	₹138 Cr	₹156 Cr	₹262 Cr	₹-1 Cr	-0.2%	₹2 Cr	0.9%	44.8%	—	12
Yaan Enterprises LtdYAANENTYAANENT	₹51 Cr	₹57 Cr	₹2 Cr	₹-0 Cr	5.7%	₹-3 Cr	3.2%	24.5%	15.8%	117
Helloji Holidays LtdHELLOJIHELLOJI	₹40 Cr	—	₹28 Cr	₹1 Cr	5.4%	₹1 Cr	4.5%	—	—	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	380	422	791	1,007
	344	408	747	926
	37	15	44	80
OPM %	9.6%	3.5%	5.6%	8%
Depreciation	18	20	31	41
Interest	23	22	10	13
	17	26	32	22
Profit before tax	12	-1	35	49
Tax	5	3	-1	2
Tax %	37.4%	246.9%	-4.1%	3.8%
	8	-5	37	47
PAT margin %	2%	-1.1%	4.6%	4.7%
EPS (₹)	0.7	-0.3	2.3	3
EPS adjusted (₹)	0.7	-0.3	2.3	3
Annual report	—	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	16	16	16
Reserves	—	158	732	768	815
	—	153	64	55	72
	85	359	406	485	435
Total equity & liabilities	96	681	1,217	1,323	1,336
	20	95	107	255	252
CWIP	—	0	—	0	0
Investments	—	0	0	0	4
	76	587	1,110	1,068	1,081
Total assets	96	681	1,217	1,323	1,336

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-153	-142	-89	75
	-17	-234	94	0
	138	466	-102	0
Net cash flow	-31	90	-97	75
Free cash flow	-155	-144	-95	75
CFO / Operating profit %	-417.6%	-968.4%	-199.6%	92.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 38%
1 year: 27%

Compounded profit growth

7 years: —
5 years: —
3 years: 83%
1 year: 28%

Return on equity

7 years: —
5 years: —
3 years: 3%
Last year: 6%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Assets	Liabilities
Hotel and Packages	677.53	0	0
Air Ticketing	244.95	0	0
Other services	30.55

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	9.6%	3.5%	5.6%	8%
EBIT margin %	4.8%	-1.2%	1.7%	3.9%
PAT margin %	2%	-1.1%	4.6%	4.7%
Working capital
Receivable days	260	389	251	194
Inventory days	0	0	0	0
Payable days	147	155	111	85
NWC days	113	234	141	109
Leverage
Current ratio	1.09	2.33	1.93	2.08
Debt to EBITDA	4.18	4.34	1.23	0.89
Debt to equity	0.9	0.09	0.07	0.09
Interest coverage	1.5	0.9	4.4	5.2
Asset turnover	0.56	0.35	0.6	0.75
Return ratios
Return on assets %	1.1%	-0.4%	2.8%	3.5%
Return on capital employed %	16.3%	4.2%	5.6%	7.6%
Return on equity %	4.5%	-0.6%	4.7%	5.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.46%	64.46%	64.46%	64.46%	64.46%	64.46%	64.46%	64.46%	64.46%	64.46%	62.66%	62.66%
	9.35%	4.52%	5.01%	4.67%	4.26%	3.09%	2.75%	2.81%	4.2%	5.05%	4.25%	4.95%
	19.4%	24.4%	24.44%	23.41%	22.21%	21.41%	20.29%	19.09%	13.27%	11.13%	11.85%	11.29%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	6.79%	6.62%	6.09%	7.46%	9.07%	11.04%	12.5%	13.64%	18.07%	19.36%	21.24%	21.1%
No. of shareholders	—	—	—	—	—	—	—	—	46,125	45,441	46,825	49,971

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

4.96%

of the company's equity

All mutual funds

11.08%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

6 schemes · 4 fund houses

		Shares
Technology Fund	ICICI Prudential Mutual Fund	51.29 L	54.59	0.4%	3.269%	-0
DIGITAL INDIA FUND	Tata Mutual Fund	12.22 L	13	0.13%	0.779%	-0
Flexi Cap Fund	Old Bridge Mutual Fund	7.55 L	8.03	2.02%	0.481%	+2.4 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	4.62 L	4.92	0.53%	0.295%	-1.47 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2.1 L	2.23	1.69%	0.134%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	172	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

25 announcementsExport CSV

1 Oct 2026, 8:24 pmCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR')

General PDF

16 Sept 2026, 5:17 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

15 Sept 2026, 6:30 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Sept 2026, 11:24 amOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

11 Sept 2026, 11:13 amCompany Update

Errata To Annual Report For The Financial Year 2025-26

General PDF

9 Sept 2026, 6:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

25 Aug 2026, 3:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

24 Aug 2026, 5:42 pmCompany Update

Communication Providing Exact Weblink Of The Annual Report For The Financial Year Ended March 31, 2026

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 8:24 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR')	PDF
16 Sept 2026, 5:17 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	9.6%	3.5%	5.6%	8%
EBIT margin %	4.8%	-1.2%	1.7%	3.9%
PAT margin %	2%	-1.1%	4.6%	4.7%
Working capital
Receivable days	260	389	251	194
Inventory days	0	0	0	0
Payable days	147	155	111	85
NWC days	113	234	141	109
Leverage
Current ratio	1.09	2.33	1.93	2.08
Debt to EBITDA	4.18	4.34	1.23	0.89
Debt to equity	0.9	0.09	0.07	0.09
Interest coverage	1.5	0.9	4.4	5.2
Asset turnover	0.56	0.35	0.6	0.75
Return ratios
Return on assets %	1.1%	-0.4%	2.8%	3.5%
Return on capital employed %	16.3%	4.2%	5.6%	7.6%
Return on equity %	4.5%	-0.6%	4.7%	5.6%

75 deals · 28 Sept 2023 – 13 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Aug 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	11,63,915	₹116.08	₹13.51 Cr
13 Aug 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	11,35,035	₹114.38	₹12.98 Cr
13 Aug 2026	UNITY ASSOCIATES	Bulk	NSE	Buy	9,94,128	₹115.62	₹11.49 Cr
13 Aug 2026	UNITY ASSOCIATES	Bulk	NSE	Sell	69,128	₹118.35	₹0.82 Cr
24 Apr 2026	SSPL SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	10,00,000	₹112.60	₹11.26 Cr
18 Mar 2026	BELGRAVE INVESTMENT FUND	Bulk	NSE	Buy	16,89,028	₹105.02	₹17.74 Cr
18 Mar 2026	ITI HOLDINGS AND INVESTMENT PRIVATE LIMITED	Bulk	NSE	Sell	15,00,000	₹105.11	₹15.77 Cr
25 Feb 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	17,15,299	₹108.41	₹18.60 Cr
25 Feb 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	16,39,906	₹109.82	₹18.01 Cr
25 Feb 2026	MATHISYS ADVISORS LLP	Bulk	NSE	Buy	11,37,262	₹108.14	₹12.30 Cr

1–10 of 75

1 / 8

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Yatra Online Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Air Ticketing · revenue

Yatra Online Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Announcements

Quarterly record

Annual reports

Investor Presentation and earnings call

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Air Ticketing · revenue

1

1