Rategain Travel Technologies Limited (RATEGAIN)

Information Technology · IT - Software · NSE · Updated 15 July 2026

₹977.2 ↑ 106.44% (1Y)

🎯 Key Takeaways

Rategain Travel Technologies is in a phase of sustained growth with improving profitability and margins, driven by consistent top-line expansion and operational efficiency. The company has demonstrated strong financial momentum over the past year, supported by strategic leadership changes and governance updates.
Revenue grew 0.5% QoQ to ₹279 in Q3FY25.
⚠️ The company's growth is concentrated in the travel technology sector, which remains sensitive to macroeconomic volatility and fluctuations in global t

Market Cap

₹7,389

P/E Ratio

36.1

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Rategain Travel Technologies is in a phase of sustained growth with improving profitability and margins, driven by consistent top-line expansion and operational efficiency. The company has demonstrated strong financial momentum over the past year, supported by strategic leadership changes and governance updates. Its narrative centers on scalable growth in the travel technology space, underpinned by a resilient business model and disciplined execution.

📰 What's Happening

In the most recent quarter ending June 30, 2026, Rategain closed its trading window for insiders following the dissemination of financial results, signaling routine compliance with SEBI norms. The company held an earnings conference call on May 21, 2026, to discuss FY2026 financial performance, with the transcript and presentation made available on its investor site. Additionally, on June 26, 2026, the board completed the tenure of Independent Director Girish Paman Vanvari and appointed Ganesh Venkata Ramanan Kangeyam as his successor, effective June 29, 2026. This appointment led to the reconstitution of key committees, including Audit and Risk Management, reinforcing governance continuity. The new director brings finance expertise and received shareholder approval, aligning with regulatory and board renewal efforts.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	183	214	235	252	256	260	277	279
Operating Profit	37	44	50	62	75	68	78	82
OPM %	17.6%	17.6%	19.8%	20.3%	21.2%	19.1%	21.7%	22.1%
Net Profit	34	25	30	40	50	45	52	57
EPS	₹3.13	₹2.30	₹2.77	₹3.59	₹4.25	₹3.85	₹4.43	₹4.80

Rategain has delivered consistent revenue and margin growth over the past eight quarters, with revenue rising from ₹183 crore in Q4FY23 to ₹279 crore in Q3FY25, reflecting a 52% increase over two years. Operating margins have expanded from 17.6% in Q4FY23 and Q1FY24 to 22.1% in Q3FY25, indicating improved cost control and operational leverage. Net profit and EPS have grown in parallel, rising from ₹34 crore and ₹3.13 in Q4FY23 to ₹57 crore and ₹4.80 in Q3FY25. This upward trajectory aligns with management's focus on scaling high-margin services and optimizing pricing, as highlighted in recent earnings commentary.

🔮 Management Outlook & What's Next

While specific forward guidance was not explicitly detailed in the reviewed filings, management has consistently emphasized strategic investments in technology and client diversification as part of its growth trajectory. The company continues to focus on enhancing operational efficiency and expanding its footprint in the travel technology ecosystem. The recent board refresh and governance updates suggest a commitment to long-term stability and investor confidence, which supports a constructive outlook on sustainable performance.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — IT - Software

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Tata Consultancy Services Limited	8.19 L Cr	17.2	67.6%	50.4%	0.00
Infosys Limited	4.54 L Cr	16.6	40.8%	29.2%	0.00
HCL Technologies Limited	3.07 L Cr	18.6	31.9%	23.6%	0.03
Wipro Limited	1.99 L Cr	15.0	19.1%	16.1%	0.20
Tech Mahindra Limited	1.34 L Cr	26.3	22.1%	10.0%	0.07
LTM Limited	1.18 L Cr	25.7	—	—	—
Oracle Financial Services Software Limited	78,487	34.0	—	—	—
Persistent Systems Limited	74,176	54.5	—	—	—
Coforge Limited	43,059	50.2	—	—	—
MphasiS Limited	39,760	23.9	—	—	—

🔗 Peer Stock Analyses

TCS INFY HCLTECH WIPRO TECHM

⚠️ Risk Factors

1. The company's growth is concentrated in the travel technology sector, which remains sensitive to macroeconomic volatility and fluctuations in global travel demand. 2. Despite margin expansion, the business model's scalability depends on continued client retention and competitive pricing pressures, which could erode profitability if not managed carefully. 3. Governance changes, while routine, may introduce transition risks if new leadership does not quickly align with strategic objectives. 4. The absence of explicit forward guidance leaves investors reliant on historical performance and qualitative updates for future expectations.

📋 Recent Filings

🧠 Analyst's Read

Rategain Travel Technologies is executing a stable growth trajectory with improving margins and consistent financial performance, supported by governance enhancements and leadership continuity. Investors should monitor upcoming earnings commentary for strategic clarity, particularly around client diversification and technology investments, as well as any shifts in capital allocation or market outlook.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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