RateGain Travel Technologies Ltd. (IN:RATEGAIN)
:RATEGAIN
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RateGain Travel Technologies Ltd.
(RATEGAIN)
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Rating:66Neutral
Price Target:
₹630.00
▼(-8.98% Downside)
Action:DowngradedDate:03/03/26
The score is primarily supported by strong financial performance (improving margins, robust growth, and a stable low-leverage balance sheet). This is partly offset by weak technical conditions (below major moving averages with negative MACD), while valuation is moderate-to-stretched given the 34.709 P/E and no dividend yield data.
Positive Factors
Revenue Growth
Sustained ~27.7% topline growth shows durable demand for RateGain's SaaS travel products. Recurring subscriptions and volume-linked fees create predictable revenue streams and cross-sell opportunities across modules, supporting multi-quarter visibility and scalable expansion without relying on one-off deals.
Negative Factors
EPS Decline
A ~12.3% decline in EPS despite revenue growth suggests pressure on per-share earnings from margin swings, one-offs, or capital/stock-related impacts. Persistent EPS weakness can signal weaker earnings conversion and may limit the firm’s ability to sustainably enhance shareholder returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~27.7% topline growth shows durable demand for RateGain's SaaS travel products. Recurring subscriptions and volume-linked fees create predictable revenue streams and cross-sell opportunities across modules, supporting multi-quarter visibility and scalable expansion without relying on one-off deals.
Read all positive factors
RateGain Travel Technologies Ltd. (RATEGAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹68.61B
Dividend YieldN/A
Average Volume (3M)73.89K
Price to Earnings (P/E)77.2
Beta (1Y)1.01
Revenue Growth27.70%
EPS Growth-12.31%
CountryIN
Employees590
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)4.50
Shares Outstanding118,165,430
10 Day Avg. Volume40,190
30 Day Avg. Volume73,889
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)3.15
Price to Sales (P/S)4.92
P/FCF Ratio46.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.8
Revenue Forecast (FY)₹29.44B
RateGain Travel Technologies Ltd. Business Overview & Revenue Model
Company Description
RateGain Travel Technologies Limited, a Software as a Service (SaaS) company, offers solutions for hospitality and travel industries in India, North America, the Asia-Pacific, Europe, and internationally. The company offers AirGain, an airfare pri...
How the Company Makes Money
RateGain primarily makes money by selling subscription-based (SaaS) access to its travel technology platforms to travel and hospitality businesses. Key revenue streams typically include: (1) recurring license/subscription fees for its software mod...
RateGain Travel Technologies Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.07B | 10.77B | 9.57B | 5.65B | 3.67B | 2.51B |
| Gross Profit | 6.91B | 6.78B | 5.77B | 3.12B | 991.73M | 309.97M |
| EBITDA | 2.88B | 2.32B | 2.33B | 1.06B | 474.73M | 204.78M |
| Net Income | 2.09B | 2.09B | 1.45B | 684.01M | 84.19M | -285.75M |
Balance Sheet | ||||||
| Total Assets | 20.58B | 19.04B | 17.31B | 9.45B | 7.81B | 5.29B |
| Cash, Cash Equivalents and Short-Term Investments | 13.06B | 5.53B | 10.60B | 3.17B | 3.87B | 1.86B |
| Total Debt | 149.45M | 160.49M | 166.61M | 176.91M | 180.38M | 1.17B |
| Total Liabilities | 2.41B | 2.21B | 2.81B | 2.36B | 1.62B | 2.85B |
| Stockholders Equity | 18.17B | 16.83B | 14.50B | 7.10B | 6.19B | 2.44B |
Cash Flow | ||||||
| Free Cash Flow | 474.94M | 1.13B | 1.48B | 474.96M | 132.09M | 198.73M |
| Operating Cash Flow | 501.95M | 1.20B | 1.52B | 519.18M | 168.05M | 206.04M |
| Investing Cash Flow | 58.77M | -453.85M | -5.68B | 125.81M | -2.95B | -817.27M |
| Financing Cash Flow | -19.50M | -17.42M | 5.81B | -17.01M | 2.40B | 928.83M |
RateGain Travel Technologies Ltd. Technical Analysis
Positive
692.15
Price Trends
530.11
Positive
598.07
Negative
583.01
Positive
Market Momentum
15.75
Negative
65.28
Neutral
85.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RATEGAIN, the sentiment is Positive. The current price of 692.15 is above the 20-day moving average (MA) of 512.63, above the 50-day MA of 530.11, and above the 200-day MA of 583.01, indicating a bullish trend. The MACD of 15.75 indicates Negative momentum. The RSI at 65.28 is Neutral, neither overbought nor oversold. The STOCH value of 85.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RATEGAIN.
RateGain Travel Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹25.15B | 59.05 | ― | 0.14% | -16.42% | -29.48% | |
68 Neutral | ₹18.80B | 21.87 | ― | 0.42% | 19.12% | 24.14% | |
66 Neutral | ₹68.61B | 77.17 | ― | ― | 27.70% | -12.31% | |
66 Neutral | ₹32.81B | 14.03 | ― | ― | 14.00% | 94.80% | |
62 Neutral | ₹31.55B | 25.72 | ― | 3.06% | 12.43% | 41.88% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
IN:RATEGAIN
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RateGain Travel Technologies Ltd. Corporate Events
MIAT Mongolian Airlines Adopts RateGain’s AI Platform to Boost Pricing Agility
Apr 17, 2026
RateGain Travel Technologies has announced that MIAT Mongolian Airlines, the national carrier of Mongolia, has selected its AirGain pricing intelligence platform to sharpen the airline’s competitive pricing and rate shopping capabilities acr...
RateGain Unveils AI-Driven SoHo Suite to Turn Hotel Social Engagement Into Bookings
Mar 19, 2026
RateGain Travel Technologies has launched SoHo Suite, an AI-powered social growth platform designed specifically for hospitality brands to convert social media engagement into measurable demand and direct bookings. The suite is now available to ho...
RateGain Cancels Scheduled Analyst and Institutional Investor Meetings
Mar 14, 2026
RateGain Travel Technologies Ltd. has announced the cancellation of its scheduled analyst and institutional investor meetings and calls that were to be held from March 16 to March 19, 2026. The company informed the National Stock Exchange of India...
RateGain taps Juspay to power new RG Pay platform for global travel payments
Mar 12, 2026
RateGain Travel Technologies has entered a strategic partnership with payments technology firm Juspay to power RG Pay, an embedded financial technology platform designed for the global travel and hospitality ecosystem. By integrating Juspay’...
RateGain Unifies Adara and Sojern to Build Largest Travel Intent Data Platform
Mar 3, 2026
RateGain Travel Technologies has consolidated its marketing technology businesses Adara and Sojern into a single global entity operating under the Sojern brand, positioning the combined operation as the world’s largest and most comprehensive...
RateGain’s SoHo Wins Eight HSMAI Adrian Awards for Revenue-Focused Social Media
Mar 2, 2026
RateGain Travel Technologies announced that its hospitality-focused, AI-powered social media solution SoHo has won eight 2026 HSMAI Adrian Awards, one of the hospitality sector’s most prestigious marketing honors. The recognition highlights ...
RateGain Subsidiary Makes Early Loan Repayment, Cuts Debt and Guarantee Exposure
Feb 5, 2026
RateGain Technologies Limited, UK, a wholly owned subsidiary of RateGain Travel Technologies Limited, has made an early repayment of USD 19 million along with a scheduled loan instalment of USD 6.25 million on February 5, 2026, against its total c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.