Information Technology · NSE/BSE: RATEGAIN
Rategain Travel Technologies Limited
Computers - Software & Consulting
Market Cap ₹0.10L Cr
Verdict: High
Quality Scores
Multi-Bagger
84/100
Compounder Quality
81/100
Management Credibility
85/100
Governance
72/100
Cash Flow Quality
88/100
AI Summary
RateGain Travel Technologies is India's largest SaaS provider for the hospitality and travel industry, offering a suite of AI-driven products for revenue management and distribution. The company has successfully pivoted from pandemic-induced losses in FY21 to a high-growth trajectory, with revenue growing from ₹251 Cr to ₹1,824 Cr (estimated) over five years. It maintains a strong global presence serving airlines, hotels, and online travel agencies (OTAs). With an operating margin (OPM) expansion from 3% to over 20%, the business model exhibits significant operating leverage. The scale-up is…
Top Opportunities
- Market leader in Travel SaaS in India
- Excellent 5-year Sales CAGR of 49%
- Consistent positive Free Cash Flow generation
Top Risks
- Promoter holding decreased by ~7% over 3 years
- Zero dividend payout despite profitability
- Low Return on Equity (ROE) compared to Tier-1 IT peers
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