TBO Tek Ltd. (IN:TBOTEK)
:TBOTEK
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TBO Tek Ltd.
(TBOTEK)
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Rating:60Neutral
Price Target:
₹1,538.00
▼(-8.12% Downside)
Action:N/A
Date:05/29/26
The score is primarily supported by strong reported revenue growth and solid earnings with manageable leverage, but it is held back materially by the 2026 swing to negative operating/free cash flow. Technicals are mixed (below longer-term averages with a negative MACD), and valuation is a headwind due to the high P/E.
Positive Factors
Revenue Growth
A ~201% revenue increase to 26.8B in 2026 signals material market traction and scalable demand for TBO Tek’s offerings. Durable top-line expansion strengthens competitive position and creates a larger base for operating leverage if cost structure normalizes over the next several quarters.
Negative Factors
Cash-Flow Deterioration
A swing from strong positive OCF to negative in one year signals deteriorating cash conversion and elevated working-capital or cash outlays. Persistent negative OCF and FCF erode liquidity, force external financing, and threaten sustainable reinvestment and dividend capacity over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A ~201% revenue increase to 26.8B in 2026 signals material market traction and scalable demand for TBO Tek’s offerings. Durable top-line expansion strengthens competitive position and creates a larger base for operating leverage if cost structure normalizes over the next several quarters.
Read all positive factors
TBO Tek Ltd. (TBOTEK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹159.05B
Dividend YieldN/A
Average Volume (3M)12.27K
Price to Earnings (P/E)64.1
Beta (1Y)1.37
Revenue Growth54.10%
EPS Growth5.47%
CountryIN
Employees1,553
SectorTechnology
Sector Strength88
IndustryTravel Services
Share Statistics
EPS (TTM)11.89
Shares Outstanding108,587,780
10 Day Avg. Volume2,258
30 Day Avg. Volume12,265
Financial Highlights & Ratios
PEG Ratio8.73
Price to Book (P/B)7.28
Price to Sales (P/S)4.22
P/FCF Ratio-339.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,550.00Price Target Upside-7.40% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)34.53
Revenue Forecast (FY)₹36.34B
TBO Tek Ltd. Business Overview & Revenue Model
Company Description
TBO Tek Ltd. manages extensive travel distribution platforms, with operations spanning both India and the global market. The company provides an advanced online technology hub, allowing its clients to effortlessly book a wide array of worldwide tr...
TBO Tek Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 8.90B | 26.77B | 17.37B |
| Gross Profit | 4.27B | 10.42B | 5.78B |
| EBITDA | 1.93B | 3.37B | 3.59B |
| Net Income | 1.26B | 2.44B | 2.30B |
Balance Sheet | |||
| Total Assets | 72.72B | 93.09B | 62.14B |
| Cash, Cash Equivalents and Short-Term Investments | 19.33B | 15.39B | 13.30B |
| Total Debt | 7.19B | 7.56B | 2.14B |
| Total Liabilities | 58.86B | 77.58B | 50.19B |
| Stockholders Equity | 13.86B | 15.51B | 11.95B |
Cash Flow | |||
| Free Cash Flow | 1.54B | -332.17M | 3.06B |
| Operating Cash Flow | 1.62B | -206.43M | 3.12B |
| Investing Cash Flow | 643.62M | -4.50B | -4.76B |
| Financing Cash Flow | 4.29B | 4.73B | 3.77B |
TBO Tek Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹105.08B | 53.98 | ― | ― | 69.37% | -7.03% | |
68 Neutral | ₹54.88B | 24.81 | ― | 0.32% | 3.18% | -14.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹159.05B | 64.13 | ― | ― | 54.10% | 5.47% | |
60 Neutral | ₹17.50B | 37.45 | ― | ― | 27.17% | 27.89% | |
49 Neutral | ₹29.06B | -69.38 | ― | ― | -8.79% | -136.38% |
* Technology Sector Average
IN:TBOTEK
TBO Tek Ltd.
1,493.15
231.55
18.35%
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TBO Tek Ltd. Corporate Events
TBO Tek Files Investor Presentation with Indian Stock Exchanges
Jun 1, 2026
TBO Tek Ltd. has submitted an investor presentation to the Bombay Stock Exchange and the National Stock Exchange of India in compliance with securities listing regulations. The company has also made the presentation available on its website, enhan...
TBO Tek Confirms No Deviation in Use of ₹400 Crore IPO Proceeds
May 28, 2026
TBO Tek Ltd. has reported to the stock exchanges that there has been no deviation or variation in the use of the ₹400 crore raised through its initial public offering on May 13, 2024, for the quarter ended March 31, 2026. The utilization of ...
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.