NSE: YATRA · BSE: 543992 · ISIN INE0JR601024
Yatra Online Limited stock analysis
Yatra Online Limited ranks #1852 in the TickerSutra evidence-ranked universe with a score of 50/100 and 91% data confidence. The latest captured fundamentals show ROCE of 7.2%, quarterly sales growth of -10.4% and quarterly profit growth of -97.9%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.12×
- Strong CFO/EBITDA of 0.95×
- 38.4% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹198cr | ₹-9cr | ₹-31cr | -4.5% |
| 2023 | ₹380cr | ₹37cr | ₹8cr | 10.0% |
| 2024 | ₹422cr | ₹15cr | ₹-5cr | 3.5% |
| 2025 | ₹791cr | ₹44cr | ₹37cr | 6.0% |
| 2026 | ₹1,007cr | ₹80cr | ₹47cr | 8.0% |
| TTM | ₹985cr | ₹70cr | ₹31cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Please find enclosed herewith the intimation regarding trading window closure for quarter and half year ended September 30, 2026
RoutineAnalysts/Institutional Investor Meet/Con. Call UpdatesNSE · 10 Sept 2026Yatra Online Limited has informed the Exchange about Schedule of meet
RoutineYatra Online Ltd - 543992 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNSE · 9 Sept 2026 · Structured filingPlease find Enclose Intimation of Schedule of Analyst/Institutional Investor Call.
Please find Enclose Intimation of Schedule of Analyst/Institutional Investor Call.
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
In Air, we continued to grow ahead of the market. In the fourth quarter, our Air passenger volumes increased 9.6% year-on-year against overall industry passenger growth of approximately 1.2%, reflecting market share gains and the strength of our distribution engine. At the same time, we remained focussed on margin discipline, with Air margins improving steadily from approximately 2.7% in FY 2023-24 to nearly 4% in FY
In the last decade, India’s skies have grown busier than ever, and the sector now supports over 7.7 million jobs indirectly, including 3,69,000 jobs directly. • DigiYatra, the Greenfield Airports Policy and the Drone PLI Scheme are driving innovation and ease of travel. • In 2026, the Union Civil Aviation Minister announced plans to add 50 new airports over five years, taking India’s total to nearly 350 by 2047, in l
This experience includes scaling businesses, navigating capital markets and identifying long-term growth opportunities. Combined with a disciplined approach to investment, integration, cost management and margin improvement, it enables Yatra to execute consistently through changing market conditions. 10 Annual Report 2025-26 Yatra Online Limited STATUTORY REPORTS FINANCIAL STATEMENTSCORPORATE OVERVIEW 11 1 2 REIMAGIN
Operating cash flow improved significantly to `761 million, compared with `73 million in the previous year. These outcomes reflect a more balanced business mix, better monetization, stronger operating leverage, and continued cost discipline. A defining feature of the year was the continued strength of our Corporate Travel business.
Rail led at 83% in FY 2023-24, supported by IRCTC's digital channel. Domestic air followed at 70%, aided by OTA adoption and competitive pricing. Hotels stood at 28% and alternate accommodations at 33%, both limited by fragmented supply.
Mobility is closely linked to income growth, business expansion, urbanization, infrastructure development, and rising consumer confidence. A widening middle class and a young, digitally-engaged population are also creating a larger base of travellers across both domestic and international markets. As households move up the consumption curve, spending is increasingly shifting towards experiences, convenience, and high
During the reporting year, we strengthened our governance framework by enhancing compliance, risk management, information security, and stakeholder engagement while fostering an inclusive, diverse, and safe workplace. As a technology-driven travel platform, we recognize that evolving stakeholder expectations, rapid technological advancements, cybersecurity risks, regulatory changes, and increasing sustainability cons
The said Composite Scheme of Amalgamation was filed with the National Company Law Tribunal (NCL T) Mumbai Bench (“NCL T”) on September 21, 2024. The aforesaid scheme of arrangement was then approved by NCL T vide an order date October 14, 2025. Pursuant Internal Controls & Their Adequacy The Company maintains a well-structured and appropriate internal financial control framework, proportionate to the scale of its ope
Adventure Tourism India’s adventure tourism market is expected to reach a projected revenue of USD 86,377.2 million by 2033, at a CAGR of 20.9% from 2026. Adventure tourism is identified as a key niche product by the Ministry of Tourism, aimed at overcoming seasonality and promoting India as a 365-day destination through the National Strategy for Adventure Tourism, covering state assessment and ranking, skills and ce
And if you were to look at - - we say, this in jest, but what was an economy fare has become a premium economy fare, what was the premium economy fare has become a business class fare and the business class fare today is like a first class fare. So you are seeing extreme amount of price increase happening, which is deterring definitely large group movements because compan y’s establish budgets at the start of the yea
The impact A shorter route from travel intent to relevant options, with discovery, planning and end-to-end booking delivered through a single conversational interface. RECAP The need Travel booking and expense processing are often handled through separate systems, resulting in repeated data entry, delayed approvals and limited visibility. How it works RECAP combines GenAI-powered receipt parsing with expense capture,
Annual Report 2025-26 Yatra Online Limited STATUTORY REPORTS FINANCIAL STATEMENTSCORPORATE OVERVIEW 9796 viii. During the year under review, the Company has not raised funds through preferential allotment or qualified institutional placement as specified under Regulation 32 (7A) of the Listing Regulations relating to Corporate Governance. A Certificate has been received from M/s.
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“That's why we see people travel as well as hotel business doing really well stand-alone. And I think that's why overall, there is a bump up and we've gained market share. So we made a comment that we expect our adjusted margins to be 3 0% plus going ahead.”
“RECAP is opening new customer segments and Kanoo is extending our corporate capabilities beyond India. As these factors come together, we expect the operating capacity we have built to support a much larger revenue base, driving operating leverage and rebuilding EBITDA margins towards 20% plus. And as corporate travel normalizes and our growth initiatives scale, we believe the EBITDA margins can progress into the 30%”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…