Balance Sheet RateGain Travel Technologies Limited

Stocks

RATEGAIN

INE0CLI01024

Software

Market Closed - NSE India S.E. Other stock markets 12:15:30 20/07/2026 BST			5-day change	1st Jan Change
948.45 ^INR	-0.24%		+0.40%	+37.12%

07-16	RateGain Travel Partners With Sri Lanka's Citrus Leisure to Boost Direct Hotel Bookings	MT
07-16	Citrus Leisure PLC And RateGain Travel Technologies Limited Partner To Power The End-To-End Direct Booking Journey Across Sri Lanka	CI

4d9c793f5c0737730c056f7b.V1fjvoqkIIImWeSSZNniDBeMqAt5Vav-keSnJU_gnWc.GSevxMvxQcBCH6rKEKiYaDr6w0oXJvKuqLDORCTW6QEDIpfm65dKt0gUiw

Published financial data: RATEGAIN TRAVEL TECHNOLOGIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	2.51B	3.67B	5.65B	9.57B	10.77B
Other Revenues, Total	39.02M	23.63M	-	-	-
Total Revenues	2.55B	3.69B	5.65B	9.57B	10.77B
Cost of Goods Sold, Total	1.51B	1.91B	2.53B	3.8B	3.99B
Gross Profit	1.03B	1.78B	3.12B	5.77B	6.78B
Selling General & Admin Expenses, Total	35.91M	209M	303M	803M	133M
Depreciation & Amortization - (IS)	359M	301M	358M	410M	349M
Other Operating Expenses	831M	1.22B	1.97B	3.05B	4.3B
Other Operating Expenses, Total	1.23B	1.73B	2.64B	4.26B	4.78B
Operating Income	-194M	43.14M	488M	1.51B	1.99B
Interest Expense, Total	-82.04M	-52.33M	-15.11M	-13.66M	-12.7M
Interest And Investment Income	6.88M	49.44M	166M	400M	743M
Net Interest Expenses	-75.16M	-2.89M	151M	387M	731M
Currency Exchange Gains (Loss)	-62.15M	34.04M	18.88M	-18.91M	-19.47M
Other Non Operating Income (Expenses)	-	17.14M	3.23M	7.79M	6.16M
EBT, Excl. Unusual Items	-331M	91.43M	661M	1.89B	2.71B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	31.07M	36.43M	10.38M	2.21M	14.02M
Gain (Loss) On Sale Of Assets	-50K	-20K	980K	290K	-20K
Asset Writedown	-70K	-12.9M	-	-	-
Insurance Settlements	-	-	80K	-	-
Other Unusual Items	54.11M	-6.57M	-	260K	230K
EBT, Incl. Unusual Items	-246M	108M	673M	1.89B	2.72B
Income Tax Expense	39.47M	24.18M	-11.43M	435M	633M
Earnings From Continuing Operations	-286M	84.19M	684M	1.45B	2.09B
Net Income to Company	-286M	84.19M	684M	1.45B	2.09B
Net Income - (IS)	-286M	84.19M	684M	1.45B	2.09B
Net Income to Common Incl Extra Items	-286M	84.19M	684M	1.45B	2.09B
Net Income to Common Excl. Extra Items	-286M	84.19M	684M	1.45B	2.09B
Per Share Items
Net EPS - Basic	-3.09	0.84	6.33	13.01	17.73
Basic EPS - Continuing Operations	-3.09	0.84	6.33	13.01	17.73
Basic Weighted Average Shares Outstanding	92.46M	99.7M	108M	112M	118M
Net EPS - Diluted	-3.09	0.83	6.29	12.84	17.72
Diluted EPS - Continuing Operations	-3.09	0.83	6.29	12.84	17.72
Diluted Weighted Average Shares Outstanding	92.46M	101M	109M	113M	118M
Normalized Basic EPS	-2.24	0.57	3.82	10.54	14.36
Normalized Diluted EPS	-2.24	0.57	3.8	10.41	14.35
Supplemental Items
EBITDA	-68.61M	156M	611M	1.61B	2.13B
EBITA	-126M	118M	578M	1.58B	2.1B
EBIT	-194M	43.14M	488M	1.51B	1.99B
EBITDAR	-38.19M	192M	648M	1.65B	2.16B
Total Revenues (As Reported)	2.64B	3.83B	5.85B	9.99B	11.53B
Effective Tax Rate - (Ratio)	-16.03	22.31	-1.7	23.02	23.25
Total Current Taxes	31.11M	45.33M	97.13M	481M	665M
Total Deferred Taxes	8.36M	-21.15M	-109M	-45.97M	-32.47M
Normalized Net Income	-207M	57.14M	413M	1.18B	1.69B
Interest on Long-Term Debt	81.19M	8.39M	14.15M	13.26M	12.23M
Non-Cash Pension Expense	360K	1.38M	2.36M	4.74M	3.09M
Supplemental Operating Expense Items
Advertising Expense	5.49M	174M	266M	761M	108M
Selling and Marketing Expenses	5.49M	174M	266M	761M	108M
Research And Development Expense From Footnotes	14.63M	-	-	-	-
Net Rental Expense, Total	30.42M	35.59M	36.79M	42.45M	24.44M
Imputed Operating Lease Interest Expense	15.3M	22.05M	24.89M	27.01M	15.18M
Imputed Operating Lease Depreciation	15.12M	13.54M	11.9M	15.44M	9.26M
Maintenance & Repair Expenses, Total	2.31M	-	-	-	3.82M
Stock-Based Comp., COGS (Total)	113M	71.26M	46.94M	51.37M	76.98M
Stock-Based Comp., Other (Total)	-	20K	-	-	-
Total Stock-Based Compensation	113M	71.28M	46.94M	51.37M	76.98M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	538M	341M	999M	2.68B	3.47B
Short Term Investments	35.82M	3.13B	2.17B	7.92B	8.05B
Trading Asset Securities, Total	1.29B	398M	6.03M	-	-
Total Cash And Short Term Investments	1.86B	3.87B	3.17B	10.6B	11.52B
Accounts Receivable, Total	669M	1.01B	1.61B	2.05B	2.12B
Other Receivables	25.21M	227M	4.83M	145M	240M
Notes Receivable	2.09M	4.67M	3.93M	12.38M	23.57M
Total Receivables	696M	1.24B	1.62B	2.21B	2.39B
Prepaid Expenses	72.23M	83.38M	113M	206M	142M
Other Current Assets, Total	40.81M	92.99M	142M	124M	98.12M
Total Current Assets	2.67B	5.28B	5.05B	13.13B	14.14B
Gross Property Plant And Equipment	438M	615M	678M	714M	790M
Accumulated Depreciation	-313M	-370M	-449M	-500M	-552M
Net Property Plant And Equipment	125M	245M	230M	214M	238M
Long-term Investments	-	229M	239M	226M	1.16B
Goodwill	369M	688M	1.74B	1.76B	1.81B
Other Intangibles, Total	1.19B	1.29B	2.01B	1.69B	1.43B
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	5.47M	-
Deferred Tax Assets Long-Term	29.92M	42.28M	157M	206M	226M
Other Long-Term Assets, Total	16.31M	32.5M	37.72M	76.5M	37.12M
Total Assets	4.4B	7.81B	9.45B	17.31B	19.04B
Liabilities
Accounts Payable, Total	243M	418M	823M	803M	983M
Accrued Expenses, Total	159M	234M	256M	517M	385M
Current Portion of Long-Term Debt	137M	-	-	-	-
Current Portion of Leases	27.09M	33.14M	36.58M	28.2M	27.84M
Current Income Taxes Payable	24.41M	66.2M	49.52M	372M	133M
Unearned Revenue Current, Total	304M	414M	601M	738M	367M
Other Current Liabilities	14.09M	130M	157M	18.26M	31.81M
Total Current Liabilities	909M	1.3B	1.92B	2.48B	1.93B
Long-Term Debt	981M	-	-	-	-
Long-Term Leases	26.22M	147M	140M	138M	133M
Unearned Revenue Non Current	-	-	1.16M	540K	-
Pension & Other Post Retirement Benefits	25.35M	29.1M	34.38M	57.95M	77.96M
Deferred Tax Liability Non Current	-	86.56M	93.57M	92.14M	75.97M
Other Non Current Liabilities	7.58M	60.54M	163M	39.65M	-
Total Liabilities	1.95B	1.62B	2.36B	2.81B	2.21B
Preferred Stock Convertible	1.48M	-	-	-	-
Total Preferred Equity	1.48M	-	-	-	-
Common Stock, Total	6.55M	107M	108M	118M	118M
Additional Paid In Capital	1.8B	5.54B	5.71B	11.62B	11.65B
Retained Earnings	182M	292M	976M	2.43B	4.56B
Treasury Stock	-	-	-	-49.93M	-49.93M
Comprehensive Income and Other	461M	255M	301M	393M	549M
Total Common Equity	2.45B	6.19B	7.1B	14.5B	16.83B
Total Equity	2.45B	6.19B	7.1B	14.5B	16.83B
Total Liabilities And Equity	4.4B	7.81B	9.45B	17.31B	19.04B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	78.61M	107M	108M	118M	118M
ECS Total Common Shares Outstanding	78.6M	107M	108M	118M	118M
Book Value / Share	31.14	57.7	65.52	123.15	142.62
Tangible Book Value	894M	4.21B	3.35B	11.06B	13.59B
Tangible Book Value Per Share	11.37	39.24	30.97	93.87	115.15
Total Debt	1.17B	180M	177M	167M	160M
Net Debt	-692M	-3.69B	-3B	-10.43B	-11.36B
Debt Equivalent of Unfunded Proj. Benefit Obligation	26.74M	30.79M	36.45M	60.42M	80.81M
Debt Equivalent Oper. Leases	243M	285M	294M	340M	196M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	279M	307M	348M	377M	443M
Full Time Employees	459	426	460	590	659
Accumulated Allowance for Doubtful Accounts (Supple)	240M	182M	211M	229M	205M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-286M	84.19M	684M	1.45B	2.09B
Depreciation & Amortization - CF	119M	59.65M	66.14M	60.35M	58.62M
Amortization of Goodwill and Intangible Assets - (CF)	68.18M	75.36M	90.02M	70.9M	112M
Depreciation & Amortization, Total	188M	135M	156M	131M	170M
Amortization of Deferred Charges, Total - (CF)	171M	175M	202M	279M	179M
(Gain) Loss From Sale Of Asset	50K	20K	-980K	-290K	20K
(Gain) Loss on Sale of Investments - (CF)	-31.07M	-36.43M	-10.38M	-2.21M	-14.02M
Asset Writedown & Restructuring Costs	70K	12.9M	-	-	-
Stock-Based Compensation (CF)	96.4M	71.28M	46.94M	51.37M	76.98M
Provision and Write-off of Bad Debts	94.65M	79.32M	110M	112M	100M
Other Operating Activities, Total	34.86M	-11.13M	-336M	-133M	-1.03B
Change In Accounts Receivable	28.99M	-277M	-265M	-519M	-112M
Change In Accounts Payable	-141M	-58.52M	-107M	-28.96M	159M
Change in Other Net Operating Assets	50.3M	-7.05M	40M	174M	-420M
Cash from Operations	206M	168M	519M	1.52B	1.2B
Capital Expenditure	-7.31M	-35.96M	-44.22M	-37.27M	-64.86M
Sale of Property, Plant, and Equipment	-	1.28M	2.33M	960K	410K
Cash Acquisitions	-	-565M	-1.37B	-173M	-
Investment in Marketable and Equity Securities, Total	-812M	-2.39B	1.35B	-5.73B	-1.04B
Other Investing Activities, Total	2.07M	42.83M	181M	260M	650M
Cash from Investing	-817M	-2.95B	126M	-5.68B	-454M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-39.1M	-1.14B	-24.4M	-23.1M	-23.33M
Total Debt Repaid	-39.1M	-1.14B	-24.4M	-23.1M	-23.33M
Issuance of Common Stock	370K	3.78B	21.73M	6.02B	18.48M
Repurchase of Common Stock	-	-	-	-50M	-
Issuance of Preferred Stock	1.11B	-	-	-	-
Other Financing Activities, Total	-143M	-241M	-14.34M	-130M	-12.57M
Cash from Financing	929M	2.4B	-17.01M	5.81B	-17.42M
Foreign Exchange Rate Adjustments	10.35M	-1.08M	30.34M	23.24M	70.06M
Miscellaneous Cash Flow Adjustments	-	189M	-	-	-
Net Change in Cash	328M	-197M	658M	1.68B	799M
Supplemental Items
Cash Interest Paid	69.17M	64.08M	14.34M	13.47M	12.57M
Cash Income Tax Paid (Refund)	22.95M	33.38M	118M	156M	920M
Levered Free Cash Flow	320M	254M	822M	1.25B	961M
Unlevered Free Cash Flow	371M	286M	831M	1.25B	969M
Change In Net Working Capital	-27.95M	86.02M	-165M	114M	636M
Net Debt Issued / Repaid	-39.1M	-1.14B	-24.4M	-23.1M	-23.33M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.9	0.44	3.54	7.05	6.85
Return on Total Capital	-3.77	0.54	4.47	8.6	7.86
Return On Equity %	-14.94	1.95	10.29	13.46	13.34
Return on Common Equity	-14.94	1.95	10.29	13.46	13.34
Margin Analysis
Gross Profit Margin %	40.52	48.13	55.27	60.3	62.93
SG&A Margin	1.41	5.68	5.36	8.39	1.23
EBITDA Margin %	-2.69	4.23	10.81	16.82	19.8
EBITA Margin %	-4.94	3.21	10.23	16.52	19.53
EBIT Margin %	-7.62	1.17	8.64	15.78	18.49
Income From Continuing Operations Margin %	-11.22	2.28	12.1	15.19	19.41
Net Income Margin %	-11.22	2.28	12.1	15.19	19.41
Net Avail. For Common Margin %	-11.22	2.28	12.1	15.19	19.41
Normalized Net Income Margin	-8.13	1.55	7.31	12.32	15.72
Levered Free Cash Flow Margin	12.56	6.87	14.54	13.02	8.93
Unlevered Free Cash Flow Margin	14.57	7.76	14.71	13.11	9
Asset Turnover
Asset Turnover	0.61	0.6	0.65	0.72	0.59
Fixed Assets Turnover	11.24	19.98	23.83	43.15	47.63
Receivables Turnover (Average Receivables)	3.42	4.38	4.32	5.23	5.16
Short Term Liquidity
Current Ratio	2.94	4.08	2.62	5.3	7.34
Quick Ratio	2.81	3.94	2.49	5.16	7.2
Operating Cash Flow to Current Liabilities	0.23	0.13	0.27	0.61	0.62
Days Sales Outstanding (Average Receivables)	106.73	83.37	84.4	69.94	70.73
Average Days Payable Outstanding	75.73	63.04	89.59	78.29	81.65
Long Term Solvency
Total Debt/Equity	47.82	2.91	2.49	1.15	0.95
Total Debt / Total Capital	32.35	2.83	2.43	1.14	0.94
LT Debt/Equity	41.11	2.38	1.98	0.95	0.79
Long-Term Debt / Total Capital	27.81	2.31	1.93	0.94	0.78
Total Liabilities / Total Assets	44.31	20.73	24.92	16.21	11.63
EBIT / Interest Expense	-2.37	0.82	32.32	110.57	156.75
EBITDA / Interest Expense	-0.08	3.4	42.66	120.18	170.18
(EBITDA - Capex) / Interest Expense	-0.17	2.72	39.73	117.45	165.07
Total Debt / EBITDA	-180.75	1.01	0.27	0.1	0.07
Net Debt / EBITDA	106.85	-20.7	-4.65	-6.35	-5.26
Total Debt / (EBITDA - Capex)	-84.93	1.27	0.29	0.1	0.08
Net Debt / (EBITDA - Capex)	50.21	-25.94	-4.99	-6.5	-5.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-36.3	44.86	53.17	69.35	12.5
Gross Profit, 1 Yr. Growth %	-46.69	72.07	75.9	84.76	17.47
EBITDA, 1 Yr. Growth %	-251.42	-327.37	291.8	163.42	29.28
EBITA, 1 Yr. Growth %	110.21	-194.16	388.38	173.4	29.74
EBIT, 1 Yr. Growth %	55.63	-122.23	1.03K	209.28	31.8
Earnings From Cont. Operations, 1 Yr. Growth %	42.14	-129.46	712.46	112.56	43.7
Net Income, 1 Yr. Growth %	42.14	-129.46	712.46	112.56	43.7
Normalized Net Income, 1 Yr. Growth %	61.49	-127.59	623.11	185.26	43.59
Diluted EPS Before Extra, 1 Yr. Growth %	36.15	-126.86	657.83	104.13	38.01
Accounts Receivable, 1 Yr. Growth %	-16.13	50.3	59.89	27.5	3.54
Net Property, Plant and Equip., 1 Yr. Growth %	-62.04	96.33	-6.18	-6.78	11.26
Total Assets, 1 Yr. Growth %	10.75	77.6	21.02	83.12	10
Tangible Book Value, 1 Yr. Growth %	-296.53	371.3	-20.34	229.57	22.89
Common Equity, 1 Yr. Growth %	77.84	152.95	14.63	104.37	16.01
Cash From Operations, 1 Yr. Growth %	7.67	-18.4	208.94	192.4	-20.97
Capital Expenditures, 1 Yr. Growth %	-86.66	391.93	22.97	-15.72	74.03
Levered Free Cash Flow, 1 Yr. Growth %	60.78	-20.72	224.09	49.81	-22.87
Unlevered Free Cash Flow, 1 Yr. Growth %	45.7	-22.86	190.36	49.14	-22.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.32	-3.94	48.96	61.06	38.03
Gross Profit, 2 Yr. CAGR %	-14.21	-4.22	73.98	80.28	47.27
EBITDA, 2 Yr. CAGR %	-36.64	85.55	198.4	221.26	86.78
EBITA, 2 Yr. CAGR %	10.37	40.69	114.38	265.41	90.66
EBIT, 2 Yr. CAGR %	61.26	-41.18	58.65	492.19	101.9
Earnings From Cont. Operations, 2 Yr. CAGR %	60.93	-35.29	54.72	315.57	74.77
Net Income, 2 Yr. CAGR %	60.93	-35.29	54.72	315.57	74.77
Normalized Net Income, 2 Yr. CAGR %	173.02	-33.25	41.26	354.17	102.39
Diluted EPS Before Extra, 2 Yr. CAGR %	57.88	-39.53	42.66	293.32	67.84
Accounts Receivable, 2 Yr. CAGR %	1.31	12.28	55.02	42.78	14.9
Net Property, Plant and Equip., 2 Yr. CAGR %	-43.25	-13.67	35.72	-6.48	1.84
Total Assets, 2 Yr. CAGR %	24.25	40.25	46.61	48.87	41.93
Tangible Book Value, 2 Yr. CAGR %	8.59	204.34	93.76	62.03	101.24
Common Equity, 2 Yr. CAGR %	30.77	112.09	70.28	53.06	53.97
Cash From Operations, 2 Yr. CAGR %	-24.57	-6.29	58.77	200.56	52.01
Capital Expenditures, 2 Yr. CAGR %	-40.12	-18.98	145.95	1.81	21.11
Levered Free Cash Flow, 2 Yr. CAGR %	-	12.9	60.28	121.7	7.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	6.02	49.65	109.36	7.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	12.15	12.22	55.47	42.9
Gross Profit, 3 Yr. CAGR %	-	8.19	17.29	77.5	56.26
EBITDA, 3 Yr. CAGR %	-	-3	138.01	186.25	139.1
EBITA, 3 Yr. CAGR %	-	4.68	112.98	132.48	160.88
EBIT, 3 Yr. CAGR %	-	-16.69	57.64	98.19	258.88
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-8.62	50.4	72	191.68
Net Income, 3 Yr. CAGR %	-	-8.62	50.4	72	191.68
Normalized Net Income, 3 Yr. CAGR %	-	27.18	47.7	78.55	209.4
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-12.52	40.46	60.76	177.41
Accounts Receivable, 3 Yr. CAGR %	-	15.54	26.32	45.24	28.28
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-14.17	-11.25	19.75	-0.91
Total Assets, 3 Yr. CAGR %	-	39.96	33.52	57.89	34.58
Tangible Book Value, 3 Yr. CAGR %	-	77.13	94.68	131.29	47.76
Common Equity, 3 Yr. CAGR %	-	62.93	72.76	80.96	39.55
Cash From Operations, 3 Yr. CAGR %	-	-22.58	39.47	94.62	92.55
Capital Expenditures, 3 Yr. CAGR %	-	20.82	-6.89	72.11	21.73
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	60.45	57.35	55.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	48.32	50.09	50.16
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	29.62	21.91
Gross Profit, 5 Yr. CAGR %	-	-	-	32.71	28.47
EBITDA, 5 Yr. CAGR %	-	-	-	56.59	116.02
EBITA, 5 Yr. CAGR %	-	-	-	72.57	103.76
EBIT, 5 Yr. CAGR %	-	-	-	82.5	74.04
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	67.48	59.71
Net Income, 5 Yr. CAGR %	-	-	-	67.48	59.71
Normalized Net Income, 5 Yr. CAGR %	-	-	-	111.61	67.53
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	59.6	50.83
Accounts Receivable, 5 Yr. CAGR %	-	-	-	25.75	21.62
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-11.17	-6.23
Total Assets, 5 Yr. CAGR %	-	-	-	43.46	36.82
Tangible Book Value, 5 Yr. CAGR %	-	-	-	70.93	97.28
Common Equity, 5 Yr. CAGR %	-	-	-	58.91	64.99
Cash From Operations, 5 Yr. CAGR %	-	-	-	33.19	44.36
Capital Expenditures, 5 Yr. CAGR %	-	-	-	12.82	3.44
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	37.03
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	30.64