RateGain Travel Technologies Ltd. (IN:RATEGAIN)
:RATEGAIN
Want to see IN:RATEGAIN full AI Analyst Report?
Top Page
RateGain Travel Technologies Ltd.
(RATEGAIN)
Select Model
Select Model
Rating:75Outperform
Price Target:
₹734.00
▲(6.05% Upside)
Action:Upgraded
Date:05/22/26
The score is driven primarily by strong financial performance (growth, improved profitability, and solid free cash flow) and supportive technical momentum (price above key moving averages with positive MACD). The main offset is valuation risk due to a very high P/E and no dividend yield, with additional financial watch-outs from higher FY2026 leverage and weaker net-income conversion.
Positive Factors
Recurring revenue and strong top-line growth
RateGain's ~27.7% revenue growth alongside a subscription-based SaaS business model indicates expanding recurring revenue and customer adoption. Durable subscription streams improve predictability, support reinvestment in product, and scale revenue without linear increases in sales costs.
Negative Factors
Earnings per share decline
EPS contraction despite rising revenue suggests pressure on net earnings from higher operating costs, investment or one-offs. Persistent EPS declines reduce confidence in management's ability to convert top-line growth into sustainable shareholder returns and may limit payout or buyback optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue and strong top-line growth
RateGain's ~27.7% revenue growth alongside a subscription-based SaaS business model indicates expanding recurring revenue and customer adoption. Durable subscription streams improve predictability, support reinvestment in product, and scale revenue without linear increases in sales costs.
Read all positive factors
RateGain Travel Technologies Ltd. (RATEGAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹77.92B
Dividend YieldN/A
Average Volume (3M)73.89K
Price to Earnings (P/E)77.2
Beta (1Y)0.98
Revenue Growth27.70%
EPS Growth-12.31%
CountryIN
Employees590
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)17.75
Shares Outstanding118,165,430
10 Day Avg. Volume40,190
30 Day Avg. Volume73,889
Financial Highlights & Ratios
PEG Ratio4.37
Price to Book (P/B)4.19
Price to Sales (P/S)25.80
P/FCF Ratio160.30
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
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.07B | 18.24B | 10.77B | 9.57B | 5.65B | 3.67B |
| Gross Profit | 6.91B | 11.12B | 6.78B | 5.77B | 3.12B | 991.73M |
| EBITDA | 2.88B | 3.64B | 2.32B | 2.33B | 1.06B | 474.73M |
| Net Income | 2.09B | 1.94B | 2.09B | 1.45B | 684.01M | 84.19M |
Balance Sheet | ||||||
| Total Assets | 20.58B | 35.60B | 19.04B | 17.31B | 9.45B | 7.81B |
| Cash, Cash Equivalents and Short-Term Investments | 13.06B | 2.10B | 5.53B | 10.60B | 3.17B | 3.87B |
| Total Debt | 149.45M | 9.49B | 160.49M | 166.61M | 176.91M | 180.38M |
| Total Liabilities | 2.41B | 15.54B | 2.21B | 2.81B | 2.36B | 1.62B |
| Stockholders Equity | 18.17B | 20.06B | 16.83B | 14.50B | 7.10B | 6.19B |
Cash Flow | ||||||
| Free Cash Flow | 474.94M | 2.30B | 1.13B | 1.48B | 474.96M | 132.09M |
| Operating Cash Flow | 501.95M | 2.34B | 1.20B | 1.52B | 519.18M | 168.05M |
| Investing Cash Flow | 58.77M | -12.82B | -453.85M | -5.68B | 125.81M | -2.95B |
| Financing Cash Flow | -19.50M | 8.36B | -17.42M | 5.81B | -17.01M | 2.40B |
RateGain Travel Technologies Ltd. Technical Analysis
Positive
692.15
Price Trends
557.03
Positive
583.21
Positive
600.89
Positive
Market Momentum
26.39
Negative
61.09
Neutral
69.73
Neutral
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 622.17, above the 50-day MA of 557.03, and above the 200-day MA of 600.89, indicating a bullish trend. The MACD of 26.39 indicates Negative momentum. The RSI at 61.09 is Neutral, neither overbought nor oversold. The STOCH value of 69.73 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹77.92B | 77.17 | ― | ― | 27.70% | -12.31% | |
71 Outperform | ₹14.59B | 14.00 | ― | 0.13% | 30.09% | 129.09% | |
66 Neutral | ₹259.73B | 28.11 | ― | 1.38% | 0.76% | -19.96% | |
65 Neutral | ₹49.91B | 32.62 | ― | 0.21% | 2.34% | -9.30% | |
62 Neutral | ₹8.42B | 417.42 | ― | ― | 10.32% | -26.77% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | ₹14.70B | 163.07 | ― | ― | 18.25% | ― |
* Technology Sector Average
IN:RATEGAIN
RateGain Travel Technologies Ltd.
652.45
149.60
29.75%
IN:GENESYS
Genesys International Corporation Limited
241.70
-495.95
-67.23%
IN:INFOBEAN
InfoBeans Technologies Ltd.
152.36
56.77
59.39%
IN:MAPMYINDIA
C.E. Info Systems Ltd.
896.05
-1,096.26
-55.02%
IN:RAMCOSYS
Ramco Systems Limited
391.25
-49.90
-11.31%
IN:TATAELXSI
Tata Elxsi Limited
4,213.90
-1,918.07
-31.28%
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 ...
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.