Wonderla Holidays Ltd. (WONDERLA) AI Stock Analysis

• Market Cap: ₹32.98B
• Dividend Yield: 0.38%
• Average Volume (3M): 3.00K
• Price to Earnings (P/E): 57.5
• Beta (1Y): 0.59
• Revenue Growth: 0.68%
• EPS Growth: -45.98%
• Country: IN
• Employees: 721
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 2.65
• Shares Outstanding: 63,422,768
• 10 Day Avg. Volume: 5,642
• 30 Day Avg. Volume: 2,997
• PEG Ratio: -1.07
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 8.47
• P/FCF Ratio: -18.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 12.3
• Revenue Forecast (FY): ₹5.05B

• Rating: 64 Neutral
• Price Target: ₹522.00 ▼(-0.80% Downside)
• Action: Downgraded Date: 11/11/25
• Date: Action: Downgraded 11/11/25

Wonderla Holidays shows strong financial performance with solid revenue growth and a stable balance sheet. However, technical analysis indicates bearish trends, and the stock appears overvalued with a high P/E ratio. The lack of earnings call and corporate events data limits further insights.

Positive Factors

Revenue & Margin Strength

Sustained multi-year revenue expansion and an 89% gross profit margin indicate strong core economics for park operations. High gross margins reflect pricing power and low variable costs per visitor, supporting durable profitability and funding for maintenance and selective reinvestment over 2–6 months.

Balance Sheet Strength

Extremely low leverage and a 92.6% equity ratio provide financial flexibility to withstand demand cycles and fund capex needs without heavy interest burdens. A conservative capital structure supports long-term strategic investments and lowers refinancing risk across business cycles.

Operating Cash Efficiency

Operating cash conversion above 1x signals reliable cash generation from park operations, driven by ticketing and in-park spend. Strong cash conversion supports ongoing operations and reinvestment in attractions, underpinning sustainable cash flows despite capital intensity.

Negative Factors

Declining ROE

A sharp drop in return on equity suggests diminished efficiency in converting shareholder capital into profits. If ROE remains depressed, it could signal underutilized assets, pricing or margin pressures, or rising operating costs that weaken long-term shareholder returns.

Negative Free Cash Flow

Persistent negative free cash flow from high capex constrains the company's ability to self-fund growth, dividends, or debt reduction. Over time, sustained capex-driven FCF deficits may require external financing or equity, increasing funding risk and reducing financial optionality.

Earnings Volatility

Large negative EPS growth signals volatility in reported earnings that can reflect margin swings or one-off items. Persistent EPS declines reduce investor confidence and limit retained-earnings buildup, making it harder to fund expansion or reward shareholders over the medium term.

Wonderla Holidays Ltd. Business Overview & Revenue Model

Company Description

Wonderla Holidays Limited operates amusement parks and resorts in India. It operates through Amusement Parks and Resort, and Others segments. The company's amusement parks offer land, water, high thrill, and kid rides. It operates three amusement parks in Kochi, Bengaluru, and Hyderabad; and the Wonderla resort in Bengaluru under the brand name Wonderla. The company's resorts offer luxury room, banquet hall, conference room, dining restaurant, resto-o-bar, heated pool, and recreation area. The company also sells merchandise, cooked food, packed foods, etc. Wonderla Holidays Limited was incorporated in 2002 and is based in Bengaluru, India.

How the Company Makes Money

Wonderla generates revenue primarily through ticket sales, which include entry fees for individuals and families visiting its amusement parks. The company also earns income from the sale of food and beverages within its parks, merchandise, and various paid attractions. Additionally, Wonderla benefits from hosting corporate events, school trips, and private gatherings, providing tailored packages that contribute to its earnings. Strategic partnerships with travel agencies and online travel platforms also enhance its visibility and ticket sales, while seasonal promotions and loyalty programs help to attract repeat customers, further bolstering revenue.

Wonderla Holidays Ltd. Financial Statement Overview

Summary

Wonderla Holidays demonstrates a strong recovery and growth trajectory, with solid revenue growth and profitability. The balance sheet reflects financial stability with low leverage and a strong equity position. However, challenges in free cash flow generation due to high capital expenditures need attention.

Income Statement

Wonderla Holidays has shown a strong recovery and growth trajectory in recent years, with a notable increase in total revenue from 1.27 billion in 2022 to 4.58 billion in 2025. The company has significantly improved its gross profit margin, reaching 89% in 2025. While the net profit margin decreased from 32.7% in 2024 to 23.8% in 2025, the company maintains robust profitability with consistent EBIT and EBITDA margins. Overall, the income statement reflects a positive trend in revenue growth and profitability.

Balance Sheet

The balance sheet of Wonderla Holidays shows strong financial stability with a high equity ratio of 92.6% in 2025, indicating a low level of leverage. The debt-to-equity ratio remains low at 0.03, demonstrating prudent financial management. The return on equity has decreased from 14.4% in 2024 to 6.3% in 2025, suggesting a need for improved efficiency in utilizing equity. Overall, the balance sheet is stable with low debt levels and a strong equity base.

Cash Flow

Wonderla Holidays has faced challenges in generating free cash flow, with a negative free cash flow reported in 2025. The operating cash flow to net income ratio is healthy at 1.12, indicating strong operating efficiency. However, the free cash flow to net income ratio is negative, reflecting significant capital expenditures. While cash flow from operations is strong, the company needs to manage capital expenditures to improve free cash flow generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.54B	4.59B	4.83B	4.29B	1.29B	382.71M
Gross Profit	3.68B	4.08B	4.04B	3.85B	1.15B	-544.45M
EBITDA	1.63B	1.47B	2.52B	2.36B	263.31M	-222.87M
Net Income	986.07M	1.09B	1.58B	1.49B	-94.81M	-499.33M
Balance Sheet
Total Assets	0.00	18.62B	12.38B	10.76B	9.06B	9.11B
Cash, Cash Equivalents and Short-Term Investments	5.59B	5.59B	2.14B	2.59B	1.05B	927.43M
Total Debt	0.00	53.21M	55.65M	69.35M	26.36M	39.40M
Total Liabilities	-17.24B	1.38B	1.44B	1.27B	1.05B	1.02B
Stockholders Equity	17.24B	17.24B	10.95B	9.50B	8.01B	8.10B
Cash Flow
Free Cash Flow	0.00	-2.05B	-456.97M	1.48B	107.99M	-349.08M
Operating Cash Flow	0.00	1.23B	1.78B	1.92B	213.97M	-270.67M
Investing Cash Flow	0.00	-6.45B	-1.58B	-1.64B	-361.07M	441.35M
Financing Cash Flow	0.00	5.12B	-158.57M	-77.42M	-15.40M	-21.23M

Wonderla Holidays Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 526.20
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WONDERLA, the sentiment is Positive. The current price of 526.2 is above the 20-day moving average (MA) of 497.56, above the 50-day MA of 506.05, and below the 200-day MA of 577.24, indicating a neutral trend. The MACD of 4.32 indicates Negative momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 58.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:WONDERLA.

Wonderla Holidays Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WONDERLA	64 Neutral	₹32.98B	57.49	―	0.38%	0.68%	-45.98%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
DELTACORP	61 Neutral	₹14.75B	32.71	―	1.75%	-6.41%	63.84%
IMAGICAA	52 Neutral	₹23.22B	-126.58	―	―	4.45%	-66.66%
RBA	41 Neutral	₹35.92B	-21.12	―	―	7.75%	20.28%

Wonderla Holidays Ltd. Corporate Events

Wonderla uploads Q3 earnings call recording for investor access

Wonderla Holidays Limited informed the stock exchanges that it conducted an earnings conference call with investors and analysts on 5 February 2026 to discuss its financial and operational performance for the quarter ended 31 December 2025, followed by a question-and-answer session. The company has made the audio recording of this call publicly available on its website, reinforcing its disclosure practices and facilitating easier access to information for shareholders and other market participants.