Yatra Online Limited (YATRA) AI Stock Analysis

• Market Cap: ₹28.20B
• Dividend Yield: N/A
• Average Volume (3M): 172.00K
• Price to Earnings (P/E): 50.8
• Beta (1Y): 1.70
• Revenue Growth: 82.79%
• EPS Growth: 208.75%
• Country: IN
• Employees: 1,297
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Services
• EPS (TTM): 0.91
• Shares Outstanding: 156,916,200
• 10 Day Avg. Volume: 348,790
• 30 Day Avg. Volume: 172,004
• PEG Ratio: -0.05
• Price to Book (P/B): 1.78
• Price to Sales (P/S): 1.76
• P/FCF Ratio: -16.75
• 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): 4.26
• Revenue Forecast (FY): ₹10.68B

• Rating: 69 Neutral
• Price Target: ₹183.00 ▲(5.93% Upside)

Yatra Online Limited's overall stock score is driven by strong financial performance and positive earnings call highlights, which indicate growth potential. However, cash flow challenges and a high P/E ratio suggest caution. The technical analysis supports a bullish trend, but valuation concerns may limit upside potential.

Positive Factors

Revenue Growth

The substantial revenue growth indicates a strong market position and effective business strategies, supporting long-term expansion and market penetration.

Profitability Improvements

Significant improvements in profitability reflect operational efficiency and cost management, enhancing financial stability and shareholder value.

Corporate Client Expansion

Expanding the corporate client base strengthens revenue streams and diversifies risk, providing a stable foundation for future growth.

Negative Factors

Cash Flow Challenges

Persistent cash flow challenges may hinder investment in growth opportunities and strain financial resources, impacting long-term sustainability.

Decline in Ticketing Volumes

A decline in ticketing volumes could indicate market saturation or increased competition, potentially affecting future revenue growth.

Complex Corporate Restructuring

Complex restructuring efforts may divert management focus and resources, delaying strategic initiatives and impacting operational efficiency.

Yatra Online Limited Business Overview & Revenue Model

Company Description

Yatra Online Limited (YATRA) is a leading online travel agency in India, providing a comprehensive suite of travel services. The company operates in various sectors including flight and hotel bookings, holiday packages, and travel-related services. Yatra's core offerings include booking domestic and international flights, hotel accommodations, and vacation packages, catering to both leisure and business travelers. The platform also provides ancillary services such as travel insurance and car rentals, positioning itself as a one-stop solution for travel needs.

How the Company Makes Money

Yatra Online Limited generates revenue through multiple streams primarily focused on travel bookings. The company earns commissions from airlines and hotels for each booking made on its platform. Additionally, Yatra charges service fees on certain transactions, especially for customized holiday packages and travel services. The company also derives income from advertising partnerships and promotional collaborations with various travel-related businesses. Strategic alliances with airlines and hotels enhance its offerings and contribute to its revenue. Furthermore, ancillary services such as travel insurance and car rentals provide additional revenue opportunities, allowing Yatra to diversify its income sources.

Yatra Online Limited Financial Statement Overview

Summary

Yatra Online Limited shows strong revenue growth and improved profitability margins, indicating a positive trajectory. The balance sheet is solid with low leverage and strong equity, providing financial stability. However, cash flow challenges persist, with negative operating and free cash flows highlighting the need for enhanced cash management strategies.

Income Statement

Yatra Online Limited demonstrated robust revenue growth over the past year, with a notable 118.76% increase from 2024 to 2025. The Gross Profit Margin improved to 26.34% in 2025, signaling enhanced operational efficiency. Net Profit Margin turned positive at 4.62% in 2025, reflecting improved profitability. However, the EBIT Margin remains modest at 1.71%, suggesting room for improvement in operating performance. EBITDA Margin improved significantly to 9.64%, indicating better cash flow generation relative to revenue.

Balance Sheet

The balance sheet shows a stable Equity Ratio of 59.22% in 2025, indicating a strong capital structure with equity financing. The Debt-to-Equity Ratio is low at 0.10, reflecting prudent debt management. Return on Equity improved to 4.67% in 2025, showing positive shareholder returns. Despite these strengths, continued monitoring of asset utilization is advisable.

Cash Flow

The cash flow statement reveals a challenging operating environment with negative Operating Cash Flow of -768.09 million in 2025. However, Free Cash Flow showed improvement, albeit still negative at -830.70 million. The Operating Cash Flow to Net Income Ratio is negative, indicating cash flow challenges relative to reported profits. Attention to cash generation from core operations is essential.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.00B	7.91B	4.22B	3.49B	1.98B	1.25B
Gross Profit	2.49B	2.08B	994.00M	1.16B	680.50M	-37.29M
EBITDA	920.36M	762.48M	406.60M	538.67M	38.58M	-492.89M
Net Income	485.26M	365.74M	-45.10M	76.34M	-307.86M	-1.19B
Balance Sheet
Total Assets	0.00	13.23B	12.17B	6.81B	5.48B	5.63B
Cash, Cash Equivalents and Short-Term Investments	986.79M	1.86B	4.02B	1.02B	1.24B	1.95B
Total Debt	0.00	784.01M	853.90M	1.78B	628.18M	614.91M
Total Liabilities	-7.84B	5.40B	4.70B	5.12B	4.47B	4.39B
Stockholders Equity	7.84B	7.84B	7.47B	1.70B	1.01B	1.23B
Cash Flow
Free Cash Flow	0.00	-830.70M	-1.69B	-1.68B	-934.24M	963.25M
Operating Cash Flow	0.00	-768.09M	-1.42B	-1.53B	-833.86M	1.04B
Investing Cash Flow	0.00	776.31M	-2.34B	-166.74M	-84.45M	-211.09M
Financing Cash Flow	0.00	-979.65M	4.66B	1.38B	200.81M	64.58M

Yatra Online Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 172.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:YATRA, the sentiment is Neutral. The current price of 172.75 is below the 20-day moving average (MA) of 176.70, above the 50-day MA of 162.30, and above the 200-day MA of 115.36, indicating a neutral trend. The MACD of 3.96 indicates Positive momentum. The RSI at 51.76 is Neutral, neither overbought nor oversold. The STOCH value of 55.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:YATRA.

Yatra Online Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YATRA	69 Neutral	₹28.20B	50.81	―	―	82.79%	208.75%
ADVANIHOTR	68 Neutral	₹5.26B	21.23	―	3.29%	0.14%	7.90%
ALANKIT	57 Neutral	₹2.97B	15.80	―	―	19.69%	-33.44%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Yatra Online Limited Corporate Events

Yatra Online Subsidiary Resolves Insolvency Dispute with Ezeego

Yatra Online Limited announced a significant development regarding its wholly-owned subsidiary, TSI Yatra Private Limited, which was previously under Corporate Insolvency Resolution Process (CIRP). Following a settlement agreement with Ezeego Travels & Tours Ltd., TSI has resolved its financial dispute, leading to the withdrawal of insolvency proceedings. The National Company Law Appellate Tribunal (NCLAT) has directed the refund of a deposit made by TSI and the filing of a withdrawal application for the CIRP. This resolution is expected to positively impact Yatra’s operational stability and market position.

Yatra Online Limited Strengthens Compliance with Key Appointment Amid Regulatory Adjustments

Yatra Online Limited announced the appointment of Ms. Jyoti Chawla as the new Company Secretary and Compliance Officer, effective December 1, 2025. This strategic appointment is expected to enhance the company’s compliance and governance framework. Additionally, the company addressed a regulatory fine imposed by NSE and BSE for non-compliance with board composition requirements, which has since been rectified with the appointment of a new director, ensuring adherence to applicable regulations.

Yatra Online Limited Appoints New Company Secretary Amid Compliance Adjustments

Yatra Online Limited has appointed Ms. Jyoti Chawla as the new Company Secretary and Compliance Officer, effective December 1, 2025, following the Board of Directors’ meeting. This strategic appointment aims to strengthen the company’s compliance framework and enhance its governance practices. Additionally, the company addressed non-compliance issues related to the composition of its Board of Directors for the quarter ending September 2025, for which it has paid the necessary fines imposed by the National Stock Exchange of India Limited and BSE Limited. The Board has since rectified the compliance issue by appointing Mr. Roshan Chanaka Nirmal Mendis as a Director, ensuring adherence to regulatory requirements.

Yatra Online Limited Releases Q2 FY ’26 Earnings Call Transcript

Yatra Online Limited has released the transcript of its earnings conference call for the quarter ending September 30, 2025. This announcement is part of the company’s compliance with regulatory requirements and provides stakeholders with insights into its financial performance and strategic direction. The transcript is available on Yatra’s website, reflecting the company’s commitment to transparency and investor communication.

Yatra Online Reports Robust Q2 Growth with 48% Revenue Increase

Yatra Online Limited reported a significant 48% growth in revenues and a 96% increase in net profit for the second quarter of the fiscal year 2025-26. The company achieved a consolidated revenue of INR 3,509 million and a net profit of INR 143 million, driven by strong performance across its key segments, including hotels, packages, and MICE (Meetings, Incentives, Conferences, and Exhibitions). The company’s diversified business model and focus on cost optimization contributed to this robust growth. Additionally, Yatra signed 34 new corporate clients with an annual billing potential of INR 2.6 billion, and it improved its liquidity position by reducing gross debt significantly.