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RateGain Travel Technologies Limited (RATEGAIN.NS)

INR977.20 +24.95 (+2.62%)
IN NSE Technology Software - Application
Address Prius Global, Tower A 201301
Noida, IN
CEO Bhanu Chopra
IPO 2021-12-17
ISIN INE0CLI01024

Explore sections of this company profile

Also trades on Bombay Stock Exchange · RATEGAIN.BO (INR) National Stock Exchange of India · RATEGAIN.NS (INR)
Description

RateGain Travel Technologies Limited, an India-based Software-as-a-Service (SaaS) provider founded in Noida in 2004, delivers technology solutions for the global hospitality and travel sectors. Its extensive reach covers India, North America, the Asia-Pacific, and Europe. The company's portfolio features specialized products such as AirGain for airfare pricing intelligence in the airline industry, CarGain for car rental market analysis and parity auditing, and FerryGain, an AI-enabled revenue management solution tailored for ferry operators. Other key offerings include Optima, a platform for real-time rate intelligence, along with PriceGain and Rate Parity tools. RateGain also provides RezGain, an AI-powered smart distribution channel manager, and DHISCO Switch, which enables seamless hotel reservations by linking hospitality chains directly with various demand channels. Complementing these products are services such as integrated distribution channel management, CRS-level connectivity, business intelligence, and content management. RateGain caters to a wide array of clients, including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rental providers, package operators, car rental firms, rail services, travel management companies, cruise lines, and ferries. Historically, the company operated as a subsidiary of RateGain Technology Inc.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR977.20 +24.95 (+2.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
689.0K
Beta
0.85
Float Shares
61.15M
Free Float %
51.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.64% +8.81% +23.85% +42.49% +1.13% +5.61% +39.04% +90.96% +114.82% +114.82% +114.82%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
977.20
DCF (Unlevered) 1,096.85 +12.2%
DCF (Levered) 988.83 +1.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 89% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 7 0
Hold 0 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.13
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +69.4% Q1'26: +174.5% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -7.3% Q1'26: +27.1% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +11.7% Q1'26: +6.6% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +15.5% Q1'26: +16.0% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +8.0% Q1'26: +12.2% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +0.3% Q1'26: +0.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    2.61× Q1'26: 1.59× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.59) × ERP
WACC = 90% × Ke + 10% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,108.94 Current price: 977.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
8 Rev. Ana.
7 EPS Ana.
Mar 2027
8 Rev. Ana.
8 EPS Ana.
Mar 2028
8 Rev. Ana.
8 EPS Ana.
Mar 2029
4 Rev. Ana.
2 EPS Ana.
Mar 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
3.67B
est: 3.67B (0.0%)
5.65B
est: 6.21B (-9.0%)
9.57B
est: 10.03B (-4.5%)
10.77B
est: 10.87B (-0.9%)
17.88B
17.44B – 18.18B
+64.6% YoY
30.62B
29.58B – 32.05B
+71.2% YoY
33.82B
32.58B – 36.10B
+10.4% YoY
37.42B
36.09B – 39.57B
+10.7% YoY
41.80B
40.32B – 44.21B
+11.7% YoY
EBITDA
474.73M
est: 629.27M (-24.6%)
1.06B
est: 1.07B (-0.1%)
2.33B
est: 1.96B (+18.9%)
2.32B
est: 2.12B (+9.4%)
3.49B
3.41B – 3.55B
+64.6% YoY
5.98B
5.77B – 6.26B
+71.2% YoY
6.60B
6.36B – 7.05B
+10.4% YoY
7.31B
7.05B – 7.73B
+10.7% YoY
8.16B
7.87B – 8.63B
+11.7% YoY
EBIT
174.09M
est: 362.54M (-52.0%)
706.60M
est: 614.35M (+15.0%)
1.92B
est: 1.43B (+34.4%)
1.97B
est: 1.55B (+27.5%)
2.54B
2.48B – 2.59B
+64.6% YoY
4.36B
4.21B – 4.56B
+71.2% YoY
4.81B
4.63B – 5.14B
+10.4% YoY
5.32B
5.13B – 5.63B
+10.7% YoY
5.95B
5.74B – 6.29B
+11.7% YoY
Net Income
84.19M
est: 106.12M (-20.7%)
684.01M
est: 716.39M (-4.5%)
1.45B
est: 1.66B (-12.3%)
2.09B
est: 2.10B (-0.7%)
2.11B
1.98B – 2.24B
+0.2% YoY
2.97B
2.81B – 3.82B
+40.7% YoY
3.81B
3.30B – 4.74B
+28.5% YoY
4.68B
3.98B – 4.87B
+22.7% YoY
5.51B
5.26B – 5.93B
+17.8% YoY
SGA
916.36M
est: 539.26M (+69.9%)
1.56B
est: 913.80M (+70.2%)
1.76B
est: 1.45B (+21.5%)
132.85M
est: 1.57B (-91.5%)
2.58B
2.52B – 2.62B
+64.6% YoY
4.42B
4.27B – 4.62B
+71.2% YoY
4.88B
4.70B – 5.21B
+10.4% YoY
5.40B
5.21B – 5.71B
+10.7% YoY
6.03B
5.82B – 6.38B
+11.7% YoY
EPS
0.84
est: 0.90 (-6.7%)
6.33
est: 6.08 (+4.2%)
13.01
est: 14.53 (-10.5%)
17.73
est: 17.67 (+0.3%)
17.83
16.70 – 18.95
+0.9% YoY
26.83
23.78 – 32.30
+50.5% YoY
33.74
27.92 – 40.04
+25.7% YoY
37.40
33.62 – 41.18
+10.9% YoY
46.60
44.45 – 50.09
+24.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 A- 4/5 5/5 4/5 4/5 2/5 2/5 3/5
2026-05-25 A- 4/5 5/5 4/5 4/5 2/5 2/5 3/5
2026-05-22 B+ 3/5 4/5 4/5 4/5 2/5 2/5 3/5
2026-05-21 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-20 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-19 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-18 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-15 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-14 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-13 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-12 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-11 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-08 B 3/5 4/5 4/5 4/5 1/5 2/5 2/5
2026-05-07 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-06 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-05 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-04 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-04-30 B 3/5 5/5 3/5 4/5 1/5 2/5 2/5
2026-04-29 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-28 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-27 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-24 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-23 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-22 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-21 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-20 B 3/5 4/5 3/5 4/5 1/5 2/5 2/5
2026-04-17 B- 3/5 4/5 3/5 4/5 1/5 1/5 2/5
2026-04-16 B- 3/5 4/5 3/5 4/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
499.42M
OE per share TTM
4.22
Owner's Yield
0.58%
Maintenance CapEx ratio
4.16%
Maint CapEx / Avg PPE
3.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 4 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.04% 317.8K 0.65%
2 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.01% 245.3K 0.09%
3 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.01% 1.05M 0.07%
4 WisdomTree India Earnings Fund EPI 0.00% 69.7K 0.84%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.80M
Shares Outstanding
118.10M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bhanu Chopra Founder, MD & Executive Chairman of Board 56M male
Bharat Nagpal Senior Director of Sales
Deepak Kapoor Chief Technology Officer male
Harikrishnan Palappetty Senior Vice President of Technology
Megha Chopra Executive Director female
Pankaj Periwal Senior Vice President of Corporate Strategy male
Rasika Kumar Senior Vice President of Customer Success female
Sahil Sharma Chief Human Resources Officer male
Vinay Varma Senior Vice President & GM of AirGain male
Yogeesh Chandra Chief Strategy Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits