RateGain Travel Technologies Ltd. (IN:RATEGAIN)
:RATEGAIN
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RateGain Travel Technologies Ltd.
(RATEGAIN)
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Rating:66Neutral
Price Target:
₹595.00
▼(-14.04% 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
SaaS recurring revenue model
RateGain's subscription-based SaaS model produces recurring, contractually-backed revenue and supports cross-sell of modules (pricing, channel, marketing). This durable model enhances predictability of cash flows, customer lifetime value, and scalability, enabling sustained investment in product and distribution.
Negative Factors
Travel industry cyclicality
RateGain's customer base is concentrated in travel and hospitality, a sector highly sensitive to macro cycles, pandemics and travel demand shifts. This structural exposure can produce large revenue volatility and intermittently weaken recurring revenue visibility across economic downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
SaaS recurring revenue model
RateGain's subscription-based SaaS model produces recurring, contractually-backed revenue and supports cross-sell of modules (pricing, channel, marketing). This durable model enhances predictability of cash flows, customer lifetime value, and scalability, enabling sustained investment in product and distribution.
Read all positive factors
RateGain Travel Technologies Ltd. (RATEGAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹65.40B
Dividend YieldN/A
Average Volume (3M)73.89K
Price to Earnings (P/E)77.2
Beta (1Y)0.89
Revenue Growth5.96%
EPS Growth10.11%
CountryIN
Employees590
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)4.50
Shares Outstanding118,124,115
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)23.51
Revenue Forecast (FY)₹29.68B
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 (SaaS) access to its software platforms and charging recurring fees for ongoing use, typically contracted with travel and hospitality enterprises. Key revenue streams include: (1) Software sub...
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
533.01
Positive
604.55
Negative
579.54
Negative
Market Momentum
-1.71
Negative
60.40
Neutral
88.47
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 494.52, above the 50-day MA of 533.01, and above the 200-day MA of 579.54, indicating a neutral trend. The MACD of -1.71 indicates Negative momentum. The RSI at 60.40 is Neutral, neither overbought nor oversold. The STOCH value of 88.47 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 | ₹26.28B | 59.05 | ― | 0.14% | -36.28% | -44.04% | |
68 Neutral | ₹17.74B | 21.87 | ― | 0.42% | 21.17% | 27.66% | |
66 Neutral | ₹65.40B | 77.17 | ― | ― | 5.96% | 10.11% | |
66 Neutral | ₹34.46B | 14.03 | ― | ― | 13.58% | 104.94% | |
62 Neutral | ₹31.86B | 25.72 | ― | 3.06% | 8.36% | 36.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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RateGain Travel Technologies Ltd. Corporate Events
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...
RateGain’s AirGain to Power Sunlight Air’s Dynamic Pricing in Southeast Asia Push
Jan 15, 2026
RateGain Travel Technologies has partnered with Manila-based boutique leisure carrier Sunlight Air, which has chosen RateGain’s AirGain platform to enhance its pricing strategy and expand competitively across Southeast Asia. By using AirGain...
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.