Companies›Consumer Discretionary›Consumer Services›Leisure Services

TRADE WINGS LTD.

Consumer Services › Leisure Services
₹519.60
at close · 28 Oct 2026
▼ 10.60 (-2.00%)

Latest filings

  1. Routine regulatory filing for Q2 FY27 dematerialisation compliance · Compliance
  2. Trade Wings files 76th AGM proceedings; seeks leniency for delayed submission · Compliance
  3. 76th AGM: All 5 resolutions passed with 99.99 percent approval · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides travel-related services in India, with the Travel Related Services segment contributing nearly 98% of standalone revenue in FY26 per company disclosure. A small Cargo and Others segment accounts for the balance of standalone business. Standalone revenue from operations for FY26 stood at Rs. 22,594.56 lakhs, up about 6.1% year-on-year, with standalone profit after tax of Rs. 113.43 lakhs. Consolidated FY26 revenue was Rs. 26,210.99 lakhs and consolidated PAT was Rs. 239.37 lakhs, down year-on-year. The group also runs hotels through wholly-owned subsidiary Trade Wings Hotels Ltd, which posted a loss after tax of Rs. 179.90 lakhs in H1 FY26 on revenue of Rs. 1,308.89 lakhs, and the parent has not impaired its investment in this subsidiary despite weak results. The cost structure is dominated by employee cost at 6.9% of revenue and other operating expenses at 11.9% of revenue, with no raw materials cost recorded, consistent with a service-led model. The company is small — paid-up equity capital below Rs. 10 crore and net worth below Rs. 25 crore as of 31 March 2026 — and is headquartered in Vashi, Navi Mumbai.

Operating scale
FY26 standalone revenue from operations
Rs. 22,594.56 lakhsFY26
FY26 consolidated revenue
Rs. 26,210.99 lakhsFY26
Trade Related Services share of standalone revenue
~98%FY26
Subsidiary Hotels revenue (H1 FY26)
Rs. 1,308.89 lakhsH1 FY26
Subsidiary Hotels loss after tax (H1 FY26)
Rs. 179.90 lakhsH1 FY26
Subsidiary Hotels total assets
Rs. 2,190.64 lakhsH1 FY26
Who pays it
Travellers and travel-booking customers in India, served through the parent; hotel guests served by Trade Wings Hotels Ltd subsidiary
Biggest cost
Employee cost (6.9% of revenue) and other operating expenses (11.9% of revenue); no raw materials cost
Kind of business
Small, service-led travel agency with a loss-making hotels subsidiary
Where it sits
BSE-listed small-cap travel services company; does not qualify as SEBI Large Corporate (paid-up equity under Rs. 10 crore, net worth under Rs. 25 crore as of 31 March 2026)
Market Cap
₹156 Cr
P / E (TTM)
24.8×
EV / EBITDA
21.8×
Div Yield
—
Growth
47.5%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
46.9%▲
ROCE (5y median)
ROE n/m · margin 3.0%
Leverage
n/m·
Debt / Equity · negative net worth
Net debt ₹16 Cr
Revenue FY21→FY26
7.0×▲
Margin +20.2 pts
₹37 Cr → ₹262 Cr
Cash conversion
2.62×▲
Operating cash ÷ profit · 5 yrs
₹24 Cr on ₹9 Cr
Moves on a normal day
3.16%·
Median daily move
Last 197 sessions · the yardstick for filing-day moves
Where it sits among 9 Tour, Travel Related Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/10
ROCE#5/9

Scorecard

Measured from the filed financials, judged against its Tour, Travel Related Services peers · as of FY26 — not investment advice

Strengths
Revenue compounding 48% a year over 5 years
Returns on capital 46.9% (5-year median)
#5 of 9 in Tour, Travel Related Services on the latest reported figures
Over 5 years it reported ₹9.11 Cr of profit and ₹24 Cr of operating cash — 2.62×
Profit is converting into cash
Concerns
Negative net worth — liabilities exceed assets by ₹9.16 Cr (FY26)
Debt-to-equity and return on equity are not meaningful below zero equity

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from TRADE WINGS LTD.'s filed financials and exchange disclosures

What does TRADE WINGS LTD. do?

TRADE WINGS LTD. is a Leisure Services company listed on BSE.

Is TRADE WINGS LTD. profitable?

Yes. Over the trailing twelve months TRADE WINGS LTD. reported a net profit of ₹2.39 Cr on revenue of ₹262 Cr.

Does TRADE WINGS LTD. pay a dividend?

Not in the latest reported year — TRADE WINGS LTD.'s dividend payout for FY26 was nil.

Is TRADE WINGS LTD. debt-free?

No. It reported borrowings of ₹18 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹16 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹9.16 Cr, so a debt-to-equity ratio is not meaningful.

Is TRADE WINGS LTD. expensive compared with its peers?

On trailing P/E, TRADE WINGS LTD. ranks 7 of 10 in Tour, Travel Related Services — cheaper than 33% of them, against an industry median of 9.8×. This is a position, not a valuation judgement.

How much does the TRADE WINGS LTD. share price move in a day?

On a typical session TRADE WINGS LTD. moves 3.16% — that is the median absolute close-to-close move across its last 197 trading days. MarketPing measures each filing's price reaction against it.

Where can I track TRADE WINGS LTD.'s announcements?

Every NSE and BSE filing by TRADE WINGS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.