Operates a Software-as-a-Service business selling technology platforms to the travel and hospitality industry, with revenue earned through subscriptions and usage-based fees from hotels, airlines, and travel intermediaries. The portfolio is split across product lines including UNO (an integrated hotel platform covering guest acquisition, website, booking conversion, distribution, and pricing), AirGain (an AI-driven airline pricing intelligence tool), Agentic ARI / Enterprise Connectivity (a hotel channel manager and demand distribution layer), and Sojern (a digital marketing platform for travel demand). Recent commercial wins include a Philippine Airlines deployment of AirGain for daily route-level pricing, a Citrus Leisure rollout of UNO across three Sri Lankan hotels, a connectivity partnership with Duetto to push rate updates across 400+ demand channels, and a distribution tie-up with last-minute booking app Cinko. The business is asset-light: capex is 0.2% of revenue, materials are 0%, while employee cost is 39% of revenue and other operating expenses (covering cloud, data, marketing, third-party content) are 42.5%. Revenue in FY26 was ₹1,823.554 crore with a 19.97% EBITDA margin and net profit of ₹194.387 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. UNO hospitality platform, AirGain airline pricing intelligence, Agentic ARI / Enterprise Connectivity, Sojern digital marketing. Asset-light, subscription-driven SaaS for travel and hospitality
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 367 | 565 | 957 | 1,077 | 1,824 |
| EBITDA (ex other income) | 30 | 85 | 190 | 232 | 303 |
| margin % | 8.1 | 15.0 | 19.8 | 21.6 | 16.6 |
| Owners' profit | 8 | 0 | 145 | 209 | 194 |
| EPS, as reported (₹) | 0.84 | 6.33 | 13.01 | 17.73 | 16.47 |
| ROE % · ROCE % | 1.4 · 2.5 | 9.6 · 9.1 | 10.0 · 12.8 | 12.4 · 16.0 | 9.7 · 9.8 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.46 |
| Cash from operations | 20 | 52 | 152 | 120 | 234 |
| Capex | (4) | (4) | (4) | (6) | (4) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 277 | 279 | 261 | 273 | 295 | 540 | 716 | 785 |
| Profit before tax | 69 | 73 | 72 | 61 | 66 | 29 | 96 | 121 |
| Net profit | 52 | 57 | 55 | 47 | 51 | 26 | 70 | 95 |
| EPS (₹) | 4.43 | 4.80 | 4.65 | 3.98 | 4.32 | 2.24 | 5.93 | 8.03 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · RateGain UNO Channel Manager wins Trip.com award third year in a row | compliance | low | — | — |
| 9 Sept 2026 · Plutus Wealth crosses 5% in RateGain via open market purchases | ownership changes | high | — | — |
| 3 Sept 2026 · Allotment of 69,870 shares under SAR Scheme 2022 | capital market events | low | — | — |
| 27 Aug 2026 · RateGain recognized for skills transformation at People Matters Infini-T Awards 2026 | compliance | minimal | — | — |
| 25 Aug 2026 · Newspaper publication about 14th AGM and e-voting details | compliance | minimal | — | — |
| 24 Aug 2026 · RateGain appoints Shobana Kailash as new Chief Human Resources Officer | management changes | medium | — | — |
| 24 Aug 2026 · RateGain appoints new CHRO; Sahil Sharma resigns | management changes | medium | — | — |
| 24 Aug 2026 · RateGain files BRSR for FY2025-26, reports no fines or penalties | compliance | low | — | — |
| 24 Aug 2026 · 14th AGM on Sep 24; MD reappointment and remuneration for shareholders' approval | board shareholder meetings | low | — | — |
| 20 Aug 2026 · RateGain subsidiary Sojern gets USD 40M credit line from J.P. Morgan | credit debt | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.8 | 16.6 | 61 of 71 | 14% |
| P/B | 5.2 | 2.9 | 48 of 64 | 25% |
| ROCE | 8.7 | 14.2 | 53 of 78 | 33% |
| ROE | 9.7 | 11.5 | 42 of 67 | 38% |
| Debt / Equity | 0.5 | 0.0 | 58 of 68 | 15% |
| EBITDA margin | 22.2 | 18.4 | 22 of 65 | 67% |
| Revenue growth | 187.6 | 10.6 | 3 of 63 | 97% |
| Profit growth | 102.2 | 6.7 | 6 of 62 | 92% |
| Market cap | 10399 | 475 | 14 of 75 | 82% |
| 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.
