Yatra Online (YTRA) AI Stock Analysis

• Market Cap: $92.66M
• Dividend Yield: N/A
• Average Volume (3M): 79.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: 110.35%
• EPS Growth: 91.38%
• Country: US
• Employees: 1,268
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Services
• EPS (TTM): 0.01
• Shares Outstanding: 60,330,925
• 10 Day Avg. Volume: 76,113
• 30 Day Avg. Volume: 79,886
• PEG Ratio: -1.98
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 0.92
• P/FCF Ratio: -12.54
• Enterprise Value/Market Cap: 0.75
• Enterprise Value/Revenue: 0.01
• Enterprise Value/Gross Profit: 0.02
• Enterprise Value/Ebitda: 0.14
• 1Y Price Target: $3.00
• Price Target Upside: 89.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: $1.50 ▼(-5.06% Downside)

Yatra Online's strong earnings call, marked by significant revenue growth and profitability improvements, is the most impactful factor. However, financial performance issues, particularly in profitability and cash flow, alongside valuation concerns, moderate the overall score. Technical indicators suggest positive momentum but caution due to overbought signals.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand and effective business strategies, enhancing Yatra's market position and future earnings potential.

Corporate Client Expansion

Expansion in corporate clients strengthens Yatra's revenue base and market share, providing a stable and growing income stream.

Technology Advancements

Investments in technology enhance customer experience and operational efficiency, positioning Yatra for long-term competitive advantage.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder reinvestment and growth, impacting Yatra's ability to sustain competitive positioning.

Cash Flow Issues

Weak cash flow limits Yatra's financial flexibility, potentially affecting its ability to invest in growth opportunities and manage debt.

Air Ticketing Volume Decline

Declining air ticketing volumes may reflect competitive pressures or market challenges, impacting Yatra's core business segment.

Yatra Online Business Overview & Revenue Model

Company Description

Yatra Online, Inc. operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com. In addition, the company provides its services through mobile applications that comprise Yatra, a mobile interface; Yatra Web Check-In, an application for flight check-in process for travelers; and Yatra Corporate, a self-booking application for business customers. Further, it offers tours, sightseeing, shows, and event services; rail and cab services, and other ancillary travel services; and sells travel vouchers and coupons. As of March 31, 2022, the company served approximately 12.4 million customers. Yatra Online, Inc. was incorporated in 2005 and is based in Gurugram, India.

How the Company Makes Money

Yatra Online generates revenue primarily through commissions and service fees associated with travel bookings. When customers book flights, hotels, or holiday packages through their platform, Yatra earns a commission from airlines, hotels, and other service providers. Additionally, Yatra offers ancillary services such as travel insurance and car rentals, contributing to its revenue. The company also engages in partnerships with various travel service providers and utilizes digital marketing strategies to attract more users, enhancing its earnings potential. Moreover, Yatra may benefit from affiliate marketing and advertising revenue through its platform, further diversifying its income streams.

Yatra Online Financial Statement Overview

Summary

Yatra Online shows positive revenue growth, but struggles with profitability and cash flow. The balance sheet is stable with low leverage, yet negative ROE and cash flow issues hinder financial health.

Income Statement

Yatra Online has shown a positive revenue growth rate of 16.998% in the latest year, indicating a recovery trend. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -1.34% and a negative EBIT margin. The gross profit margin has decreased from 79.33% to 49.22%, reflecting increased cost pressures. Overall, while revenue growth is a positive sign, the lack of profitability remains a significant concern.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.145, indicating a relatively low level of leverage. However, the return on equity is negative at -1.98%, suggesting inefficiencies in generating returns for shareholders. The equity ratio stands at 40.91%, which is a positive indicator of financial stability. While the low leverage is a strength, the negative ROE highlights profitability challenges.

Cash Flow

Yatra Online's cash flow situation is concerning, with negative operating cash flow and free cash flow. The free cash flow growth rate is negative at -8.21%, and the operating cash flow to net income ratio is also negative, indicating cash flow issues. The free cash flow to net income ratio is positive at 2.01, suggesting some ability to cover net losses with free cash flow. However, the overall cash flow position remains weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.80B	7.95B	4.19B	3.83B	1.99B	1.27B
Gross Profit	2.85B	3.92B	3.32B	1.97B	776.40M	437.91M
EBITDA	514.02M	396.00M	107.55M	538.67M	38.58M	-667.36M
Net Income	85.28M	-106.92M	-45.10M	76.34M	-307.86M	-1.19B
Balance Sheet
Total Assets	12.37B	13.21B	12.17B	6.81B	5.48B	5.63B
Cash, Cash Equivalents and Short-Term Investments	2.00B	1.92B	4.36B	1.14B	1.24B	1.95B
Total Debt	264.46M	784.01M	853.93M	1.78B	628.18M	614.91M
Total Liabilities	4.60B	5.30B	4.73B	5.12B	4.47B	4.39B
Stockholders Equity	5.33B	5.40B	7.47B	1.70B	1.01B	1.23B
Cash Flow
Free Cash Flow	-638.78M	-586.35M	-1.45B	-1.68B	-934.24M	963.25M
Operating Cash Flow	-638.78M	-291.09M	-1.43B	-1.53B	-833.86M	1.04B
Investing Cash Flow	776.30M	49.03M	-2.34B	-166.74M	-84.45M	-211.09M
Financing Cash Flow	-763.88M	-1.03B	5.13B	1.38B	200.81M	64.58M

Yatra Online Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YTRA, the sentiment is Positive. The current price of 1.58 is above the 20-day moving average (MA) of 1.49, above the 50-day MA of 1.34, and above the 200-day MA of 1.05, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 70.74 is Negative, neither overbought nor oversold. The STOCH value of 67.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for YTRA.

Yatra Online Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCOM	73 Outperform	$47.60B	19.75	12.94%	0.39%	17.73%	27.95%
MMYT	66 Neutral	$9.05B	107.86	22.38%	―	18.13%	-55.21%
TOUR	66 Neutral	$109.61M	26.38	2.87%	3.10%	7.84%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
YTRA	60 Neutral	$92.66M	―	-0.52%	―	110.35%	91.38%
NTRP	45 Neutral	$28.76M	―	-321.56%	―	―	―

Yatra Online Corporate Events

Yatra Online Reports Strong Q1 Growth Amid Travel Disruptions

On August 8, 2025, Yatra Online, Inc. announced its unaudited financial results for the quarter ending June 30, 2025, showcasing robust growth despite travel disruptions due to geopolitical tensions and an air crash in June. The company reported a 99.7% year-over-year increase in revenue, driven by a higher corporate travel mix and strong performance in hotels and packages. The adjusted EBITDA surged by 214.4%, highlighting effective cost management and strategic positioning. Yatra’s MICE business emerged as a standout performer, and the integration of Globe Travels has exceeded expectations, enhancing the company’s service offerings. The company onboarded 34 new corporate clients, expanding its billing potential significantly. Yatra remains focused on scaling high-margin verticals and advancing its technology edge to create sustainable long-term value.

Yatra Online Completes Acquisition of Globe All India Services

On July 31, 2025, Yatra Online, Inc. announced the acquisition of Globe All India Services Private Limited, enhancing its market presence and service offerings. The financial statements related to this acquisition were converted from INR to USD for convenience, reflecting the company’s commitment to transparency and compliance with international standards.