Yatra Online
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Yatra Online's management has expressed a cautiously optimistic outlook, emphasizing resilience in its core corporate business and a strong recovery in the MICE segment. Despite facing near-term challenges from geopolitical instability and delayed airline agreements, the company is investing in AI-driven automation and expanding its domestic travel focus, which are expected to enhance operational efficiency and customer experience. Vista's financial outlook reflects anticipated revenue contraction and margin pressure, yet management's strategic initiatives suggest potential for long-term recovery, with a target of returning to 20%+ EBITDA margins. The hospitality industry's recovery, driven by increased domestic travel demand and improving pricing power, supports this outlook. However, Yatra must navigate headwinds such as seasonal fluctuations and high cyclicality in the travel sector. Over the next 12-24 months, key opportunities include scaling the high-margin hotel business and leveraging AI for cost efficiencies, while watchpoints include energy cost volatility and potential oversupply in certain markets
Why We Like This Stock
- Management's focus on AI-driven automation and domestic travel is expected to enhance operational efficiency
- The MICE segment is showing strong recovery, indicating resilience in corporate travel demand
- Strategic investments aim to return EBITDA margins to 20%+ in the near term
Things To Watch Out For
- Revenue is expected to contract over the forecast period, indicating short-term challenges
- Margins are under pressure due to geopolitical instability and delayed airline agreements
- High cyclicality and potential oversupply in certain markets could impact pricing and profitability
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 422 | 791 | 1,007 | 879 | 1,000 |
| Profit Before Tax (Cr.) | -1 | 35 | 53 | 31 | 39 |
| PBT Margin | -0.3% | 4.4% | 5.2% | 3.5% | 3.9% |
| Net Profit (Cr.) | -5 | 35 | 48 | 29 | 36 |
| Earnings Per Share | -0.3 | 2.3 | 3.1 | 1.8 | 2.3 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
Show Company Profile
Yatra Online Limited provides reservation and booking services, and customized solutions related to transport, travel, tours, and tourism in India and internationally. It is involved in air travel, hotel and package, cabs and ground transportation, rail and bus, corporate travel management, personal travel, and expense management, as well as meetings, incentives, conferences, and events (MICE) activities. It serves travelers its products through internet, mobile, call center, and retail lounges. The company was incorporated in 2005 and is based in Gurugram, India. Yatra Online Limited operates as a subsidiary of THCL Travel Holding Cyprus Limited.