Operates an Indian online travel platform that lets users book trains, flights and buses, earning revenue on each transaction. In FY26, train bookings accounted for ₹511.257 cr of revenue (41.6% of segment revenue), flights ₹390.678 cr (31.8%), buses ₹297.995 cr (24.3%) and other lines ₹28.109 cr (2.3%). Gross transaction value for the year crossed ₹18,693 cr (USD 2 billion), with flights the largest vertical by GTV at ₹2,019 cr and buses the largest by contribution margin at 53% in Q4. The platform holds a 62% share of India's train OTA market and processed 4.35 million AI-handled queries in Q4 with 81.5% voice resolution. The cost base is asset-light: other operating expenses made up 76.2% of revenue and employee costs 17.9%, with no material cost of materials. Adjacent moves include the acquisition of Brevistay Hospitality in short-term rentals and the launch of the HELLO Extranet to onboard hotels. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Train (42%), Flight (32%), Bus (24%), Others (2%). Asset-light online travel aggregator with consumer-discretionary cyclicality
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 656 | 914 | 1,228 |
| EBITDA (ex other income) | 74 | 85 | 70 |
| margin % | 11.2 | 9.3 | 5.7 |
| Owners' profit | 76 | 60 | 72 |
| EPS, as reported (₹) | 2.04 | 1.56 | 1.75 |
| ROE % · ROCE % | 16.4 · 15.4 | 9.5 · 14.4 | 3.5 · 4.8 |
| Debt / equity (x) | 0.09 | 0.05 | 0.01 |
| Cash from operations | 43 | 122 | 196 |
| Capex | (7) | (4) | (5) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 206 | 242 | 284 | 314 | 283 | 318 | 308 | 357 |
| Profit before tax | 20 | 23 | 27 | 29 | (2) | 35 | 38 | 48 |
| Net profit | 13 | 16 | 17 | 19 | (3) | 24 | 32 | 34 |
| EPS (₹) | 0.34 | 0.40 | 0.43 | 0.49 | (0.08) | 0.58 | 0.72 | 0.73 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Flight | 391 | 31.9 |
| Train | 511 | 41.8 |
| Bus | 298 | 24.4 |
| Others | 23 | 1.9 |
| Total, before eliminations | 1,223 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INDIAN RAIL TOUR CORP LTD | 37,096 | 26.6 | 8.61 | 18.9 | 32.3 | 40.8 | — | 33.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Ixigo to attend Jefferies 5th India Forum on September 18, 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Ixigo publishes 20th AGM notice and e-voting details via newspaper ad | compliance | minimal | — | — |
| 7 Sept 2026 · Ixigo files Business Responsibility and Sustainability Report for FY 2025-26 | compliance | low | — | — |
| 7 Sept 2026 · Ixigo AGM on Sep 30 2026; FY26 annual report filed | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · Le Travenues (ixigo) 20th AGM scheduled for September 30, 2026 via video conferencing | compliance | minimal | — | — |
| 27 Aug 2026 · Foreign fund manager Coronation trims stake in ixigo to 4.99% | ownership changes | medium | — | — |
| 13 Aug 2026 · Ixigo Q1 FY27 earnings call transcript filed; GTV up 19%, PAT up 81% YoY | investor communications | medium | — | — |
| 13 Aug 2026 · ixigo Q1 FY27 earnings call transcript; GTV up 19%, PAT up 81% | investor communications | medium | — | — |
| 13 Aug 2026 · Le Travenues sells 17.39% stake in Freshbus for Rs 36.6 crore | strategic transactions | medium | — | — |
| 13 Aug 2026 · ixigo sells 17.39% stake in Freshbus for about 36.6 crore | strategic transactions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| TBO TEK LIMITED |
| 18,252 |
| 67.9 |
| 11.77 |
| 42.2 |
| 15.8 |
| 13.1 |
| — |
| 16.3 |
| BLS INTL SERVS LTD | 9,553 | 13.5 | 3.43 | 10.2 | 26.0 | 25.4 | 44.4 | 30.9 |
| LE TRAVENUES TECHNOLOGY L ◆ | 6,963 | 81.4 | 3.40 | 56.6 | 3.5 | 4.7 | — | 15.0 |
| THOMAS COOK (INDIA) LTD | 5,038 | 22.8 | 2.00 | 7.5 | 8.7 | 9.3 | 60.2 | 7.4 |
| EASY TRIP PLANNERS LTD | 2,323 | 22.4 | 2.85 | — | (5.8) | (5.4) | 38.1 | (4.7) |
| YATRA ONLINE LIMITED | 1,814 | 58.4 | 2.18 | 17.7 | 5.6 | 5.5 | — | 8.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 81.4 | 26.6 | 85 of 91 | 7% |
| P/B | 3.4 | 2.0 | 58 of 83 | 31% |
| ROCE | 4.7 | 5.4 | 56 of 101 | 45% |
| ROE | 3.5 | 5.8 | 55 of 87 | 37% |
| Debt / Equity | 0.0 | 0.1 | 31 of 87 | 65% |
| EBITDA margin | 15.0 | 23.4 | 61 of 85 | 29% |
| Revenue growth | 13.4 | 12.1 | 43 of 89 | 52% |
| Profit growth | 80.8 | 17.5 | 21 of 83 | 76% |
| Market cap | 6963 | 388 | 17 of 103 | 84% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
