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Dossier · MACH TRAVEL SOLUTIONS LIMITED · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MACH TRAVEL SOLUTIONS LIMITED BSE: 544248
Consumer Discretionary › Consumer Services › Other Consumer Services › Other Consumer Services
MACH TRAVEL SOLUTIONS LIMITED
StateQ1 FY27 filed
Last close · 27 Oct 2026₹212.05
Market cap₹0.4k cr
TTM P/E · P/B · EV/EBITDA16.3 · — · —
Operates as a corporate MICE (meetings, incentives, conferences, exhibitions) and travel management company, executing end-to-end programmes that include flight ticketing, hotel bookings, visas, foreign exchange, ground transport and gala setups for corporate clients in India and overseas. The core MICE business ran 273 programmes in FY26 serving 81 corporate clients, up from 156 the prior year, with members affiliated to PATA, ADTOI and IATA. Beyond event-based MICE, it runs a Corporate Travel vertical with 50+ accounts on recurring annual or multi-year agreements covering flights, hotels and reporting, supported by a Corporate Self-Booking Tool. A growing Government & Institutional Projects vertical handles pilgrimage, tourism and tender-based work, most notably a Rs 92 crore Punjab Government Mukh Mantri Teerth Yatra Scheme mandate under which it has already moved over 85,000 yatris, plus IRCTC empanelment as a Category A service provider and recognition as an 'Experienced MICE Tour Operator' by the Ministry of Tourism. A B2C OTA called Book My Yatra is in testing for a December 2025 launch, and a 13,000 sq ft office has been leased on a 9-year term to support it. Revenue is dominated by the cost of travel services (82.7% of FY26 revenue) such as airline tickets, hotel rooms and ground transport, while employees absorb 6.2% and other operating costs 2.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. MICE (meetings, incentives, conferences, exhibitions), Corporate Travel (recurring), Government & Institutional Projects, B2B and Leisure travel, B2C OTA (Book My Yatra). Service-driven, project-based MICE with growing recurring corporate travel and government contracts.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY25
FY26
Revenue
236
230
EBITDA (ex other income)
—
—
margin %
—
—
Owners' profit
—
—
EPS, as reported (₹)
7.07
7.42
ROE % · ROCE %
— · 17.9
— · 16.2
Debt / equity (x)
—
—
Cash from operations
(9)
3
Capex
(2)
(1)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MACH TRAVEL SOLUTIONS LIMITED · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 5 quarters
₹ crore
Q2 FY25
Q4 FY25
Q2 FY26
Q4 FY26
Q1 FY27
Revenue
119
116
97
133
144
Profit before tax
12
8
10
10
8
Net profit
—
—
—
—
—
EPS (₹)
4.48
2.68
3.70
3.72
2.92
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
SIS LIMITED
5,440
37.1
2.14
12.8
5.4
1.9
11.9
4.8
Exhicon Events Media Solutions
694
10.1
—
—
—
23.8
—
—
MACH TRAVEL SOLUTIONS LIMITED ◆
446
16.3
—
—
—
15.5
—
—
NIS MANAGEMENT LIMITED
71
2.2
—
—
—
(2.8)
—
—
TOUCHWOOD ENTERTAIN LTD.
63
19.6
1.40
7.0
9.0
11.5
—
21.6
Safecure Services Limited
22
2.6
0.43
2.6
11.8
11.9
—
16.2
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
16.3
16.3
13 of 25
50%
ROCE
15.5
8.4
9 of 29
71%
Revenue growth
21.0
9.2
9 of 24
65%
Market cap
446
85
10 of 30
69%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MACH TRAVEL SOLUTIONS LIMITED · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
27 Oct 2026 · Mach Travel to hold Q2 and H1 FY27 earnings call on November 4
board shareholder meetings
low
—
—
26 Oct 2026 · Board meeting set for November 3, 2026 results
results
low
—
—
15 Oct 2026 · Company replies to BSE query on share price movement
regulatory legal
medium
—
—
15 Oct 2026 · BSE seeks clarification on unusual share price movement
regulatory legal
high
—
—
15 Oct 2026 · Mach Travel empanelled by MP Tourism for 10,000-pilgrim Tirth Yatra
compliance
medium
—
—
9 Oct 2026 · Routine RTA compliance certificate filed for July to September 2026 quarter
compliance
minimal
—
—
1 Oct 2026 · Mach Travel Solutions onboards 140 plus corporate clients for travel tool
business updates
medium
—
—
30 Sept 2026 · Company replies to BSE query on share price movement
regulatory legal
medium
—
—
30 Sept 2026 · September 2026 newsletter; Dun & Bradstreet SME recognition highlight
general
minimal
—
—
29 Sept 2026 · Mach Travel featured among Leading SMEs of India by Dun and Bradstreet
business updates
low
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in