Cash flow Yatra Online Limited

Equities

YATRA

INE0JR601024

Leisure & Recreation

Delayed NSE India S.E. Other stock markets 08:47:40 13/04/2026 BST			5-day change	1st Jan Change
102.89 ^INR	+0.22%		+5.33%	-40.80%

08:55am	JM Financial Upgrades Yatra Online to Buy from Add; Price Target is INR180	MT
03-05	Altai Capital Management L P Engages with Yatra Online Inc	CI

246fcefbcb47407335f636b6cca0a21e.fxPe2CgFjCSKCg_hkqmHsd5UFPX7WS4wzyAcC4UmyGs.OmTrkxxmu33cW0q55ODug4o8cJCkYRpb-2F7cvBSqVsVRuqPWEPNU-c8Ow

Published financial data: YATRA ONLINE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.25B	1.98B	3.8B	4.22B	7.91B
Other Revenues, Total	-	-	-	-	27.7M
Total Revenues	1.25B	1.98B	3.8B	4.22B	7.94B
Cost of Goods Sold, Total	789M	1.16B	1.78B	2.71B	6B
Gross Profit	466M	818M	2.02B	1.51B	1.95B
Selling General & Admin Expenses, Total	88.5M	126M	337M	462M	441M
Provision for Bad Debts	38.1M	-	-	-	-
Depreciation & Amortization - (IS)	523M	281M	183M	197M	309M
Other Operating Expenses	549M	725M	1.3B	826M	1.03B
Other Operating Expenses, Total	1.2B	1.13B	1.82B	1.48B	1.78B
Operating Income	-733M	-314M	207M	27.7M	163M
Interest Expense, Total	-92.5M	-50.5M	-154M	-198M	-76.4M
Interest And Investment Income	77.7M	34.3M	17.08M	154M	200M
Net Interest Expenses	-14.8M	-16.2M	-137M	-44.7M	123M
Income (Loss) On Equity Invest.	-4M	41.6M	-	-	-
Currency Exchange Gains (Loss)	-7.5M	8.5M	7.38M	-23.2M	600K
Other Non Operating Income (Expenses)	-7.2M	-100M	-93.87M	-73.9M	-20.7M
EBT, Excl. Unusual Items	-766M	-380M	-15.71M	-114M	266M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-450M	-	-	-	-
Gain (Loss) On Sale Of Assets	2.5M	1.9M	3.76M	700K	800K
Asset Writedown	-	-	-	-	-
Other Unusual Items	92M	85.6M	134M	100M	84.4M
EBT, Incl. Unusual Items	-1.12B	-293M	122M	-13M	351M
Income Tax Expense	66.3M	15.2M	45.46M	32.1M	-14.4M
Earnings From Continuing Operations	-1.19B	-308M	76.32M	-45.1M	366M
Net Income to Company	-1.19B	-308M	76.32M	-45.1M	366M
Net Income - (IS)	-1.19B	-308M	76.32M	-45.1M	366M
Net Income to Common Incl Extra Items	-1.19B	-308M	76.32M	-45.1M	366M
Net Income to Common Excl. Extra Items	-1.19B	-308M	76.32M	-45.1M	366M
Per Share Items
Net EPS - Basic	-11.08	-2.76	0.68	-0.33	2.33
Basic EPS - Continuing Operations	-11.08	-2.76	0.68	-0.33	2.33
Basic Weighted Average Shares Outstanding	107M	112M	113M	136M	157M
Net EPS - Diluted	-11.08	-2.76	0.68	-0.33	2.33
Diluted EPS - Continuing Operations	-11.08	-2.76	0.68	-0.33	2.33
Diluted Weighted Average Shares Outstanding	107M	112M	113M	136M	157M
Normalized Basic EPS	-4.46	-2.13	-0.09	-0.52	1.06
Normalized Diluted EPS	-4.46	-2.13	-0.09	-0.52	1.06
Supplemental Items
EBITDA	-623M	-289M	231M	57.4M	236M
EBITA	-657M	-303M	217M	37.1M	196M
EBIT	-733M	-314M	207M	27.7M	163M
EBITDAR	-614M	-287M	232M	59.6M	247M
Total Revenues (As Reported)	1.44B	2.19B	3.97B	4.48B	8.23B
Effective Tax Rate - (Ratio)	-5.91	-5.19	37.33	-246.92	-4.1
Total Current Taxes	6.4M	13.2M	50.67M	34.2M	900K
Total Deferred Taxes	59.9M	2M	-5.21M	-2.1M	-15.3M
Normalized Net Income	-479M	-238M	-9.82M	-71.31M	166M
Interest on Long-Term Debt	69.2M	43.6M	36.12M	32.3M	32.6M
Non-Cash Pension Expense	3.6M	3.3M	2.68M	2.1M	4.7M
Supplemental Operating Expense Items
Marketing Expenses	79.6M	124M	336M	460M	430M
Selling and Marketing Expenses	79.6M	124M	336M	460M	430M
Net Rental Expense, Total	8.9M	1.8M	1.01M	2.2M	10.5M
Imputed Operating Lease Interest Expense	6.21M	1.17M	1.03M	2.65M	7.84M
Imputed Operating Lease Depreciation	2.69M	630K	-20.69K	-449K	2.66M
Maintenance & Repair Expenses, Total	32.3M	34.2M	44.26M	48.7M	59.7M
Stock-Based Comp., COGS (Total)	64.9M	193M	134M	207M	109M
Total Stock-Based Compensation	64.9M	193M	134M	207M	109M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.47B	759M	469M	1.4B	552M
Short Term Investments	489M	35M	546M	2.61B	1.31B
Total Cash And Short Term Investments	1.96B	794M	1.02B	4.01B	1.86B
Accounts Receivable, Total	975M	1.94B	3.07B	4.5B	5.45B
Other Receivables	99.7M	56.2M	55.87M	190M	95.8M
Notes Receivable	1.3M	2.8M	3.45M	10.9M	22.5M
Total Receivables	1.08B	2B	3.13B	4.7B	5.57B
Inventory	-	-	-	-	-
Prepaid Expenses	28.7M	68.2M	56.78M	36.1M	38.2M
Other Current Assets, Total	552M	985M	862M	1.4B	2.12B
Total Current Assets	3.62B	3.85B	5.06B	10.15B	9.59B
Gross Property Plant And Equipment	736M	520M	498M	495M	592M
Accumulated Depreciation	-279M	-268M	-252M	-261M	-272M
Net Property Plant And Equipment	457M	252M	247M	234M	320M
Long-term Investments	21.3M	-	6.16M	137M	-
Goodwill	691M	691M	691M	691M	1.41B
Other Intangibles, Total	333M	218M	251M	385M	1.09B
Loans Receivable Long-Term	-	-	30K	-	-
Deferred Tax Assets Long-Term	14.5M	9.6M	10.64M	10.8M	22.6M
Other Long-Term Assets, Total	494M	461M	548M	564M	790M
Total Assets	5.63B	5.48B	6.81B	12.17B	13.23B
Liabilities
Accounts Payable, Total	1B	1.47B	1.39B	1.73B	2.27B
Accrued Expenses, Total	225M	270M	160M	123M	272M
Short-term Borrowings	124M	351M	1.09B	406M	515M
Current Portion of Long-Term Debt	3.7M	3M	201M	118M	10.1M
Current Portion of Leases	74.2M	38.9M	47.83M	51.3M	51.8M
Current Income Taxes Payable	-	1M	32.5M	-	300K
Unearned Revenue Current, Total	120M	183M	45.72M	-	-
Other Current Liabilities	1.75B	1.76B	1.66B	1.93B	1.87B
Total Current Liabilities	3.3B	4.08B	4.63B	4.36B	4.98B
Long-Term Debt	3.2M	4.2M	240M	115M	20.7M
Long-Term Leases	410M	231M	203M	164M	186M
Unearned Revenue Non Current	267M	65M	-	-	-
Pension & Other Post Retirement Benefits	-	-	-	15.6M	65.8M
Deferred Tax Liability Non Current	14.4M	11.5M	7.15M	4.7M	142M
Other Non Current Liabilities	401M	76.4M	40.75M	40.2M	-
Total Liabilities	4.39B	4.47B	5.12B	4.7B	5.4B
Common Stock, Total	111M	112M	115M	157M	157M
Additional Paid In Capital	15.67B	15.76B	16.37B	22.16B	22.16B
Retained Earnings	-15.17B	-15.48B	-15.42B	-15.47B	-15.11B
Comprehensive Income and Other	624M	624M	624M	624M	624M
Total Common Equity	1.23B	1.01B	1.7B	7.47B	7.84B
Total Equity	1.23B	1.01B	1.7B	7.47B	7.84B
Total Liabilities And Equity	5.63B	5.48B	6.81B	12.17B	13.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	111M	112M	115M	157M	157M
ECS Total Common Shares Outstanding	111M	112M	115M	157M	157M
Book Value / Share	11.13	9.02	14.8	47.64	49.95
Tangible Book Value	211M	99.7M	753M	6.4B	5.33B
Tangible Book Value Per Share	1.9	0.89	6.58	40.78	33.96
Total Debt	615M	628M	1.78B	854M	784M
Net Debt	-1.35B	-165M	767M	-3.16B	-1.08B
Debt Equivalent of Unfunded Proj. Benefit Obligation	70.1M	69.4M	71.27M	71.7M	87.2M
Debt Equivalent Oper. Leases	71.2M	14.4M	8.08M	17.6M	84M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	-	-	-	-	-
Buildings, Total	-	-	-	-	41M
Machinery, Total	302M	289M	297M	334M	366M
Full Time Employees	1.01K	961	1.09K	1.3K	1.48K
Accumulated Allowance for Doubtful Accounts (Supple)	548M	294M	454M	397M	431M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-1.19B	-308M	76.32M	-45.1M	366M
Depreciation & Amortization - CF	118M	75.7M	69.29M	74.6M	102M
Amortization of Goodwill and Intangible Assets - (CF)	76.2M	10.3M	9.4M	9.4M	32.7M
Depreciation & Amortization, Total	194M	86M	78.69M	84M	135M
Amortization of Deferred Charges, Total - (CF)	329M	195M	104M	113M	174M
(Gain) Loss From Sale Of Asset	-2.5M	-1.9M	-3.76M	-700K	-800K
Asset Writedown & Restructuring Costs	450M	-	-	-	-
Provision for Credit Losses	-	72.7M	1M	-	-
(Income) Loss On Equity Investments - (CF)	4M	-41.6M	-	-	-
Stock-Based Compensation (CF)	64.9M	-	134M	-	-
Provision and Write-off of Bad Debts	-	26.1M	154M	-47.6M	74.9M
Other Operating Activities, Total	332M	-122M	-170M	-171M	-251M
Change In Accounts Receivable	1.29B	-983M	-1.27B	-1.55B	-352M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	73.7M	592M	107M	455M	420M
Change in Other Net Operating Assets	-502M	-414M	-740M	-259M	-1.45B
Cash from Operations	1.04B	-899M	-1.53B	-1.42B	-886M
Capital Expenditure	-900K	-11.4M	-19.84M	-20.3M	-62.6M
Sale of Property, Plant, and Equipment	5.8M	2.2M	9.69M	1.9M	9.1M
Cash Acquisitions	-410M	-	-	-	-1.29B
Sale (Purchase) of Intangible assets	-76.9M	-89M	-134M	-246M	-232M
Investment in Marketable and Equity Securities, Total	238M	-6.9M	-28.72M	-2.12B	2.35B
Other Investing Activities, Total	33.4M	20.7M	6.49M	43.8M	161M
Cash from Investing	-211M	-84.4M	-167M	-2.34B	937M
Long-Term Debt Issued, Total	189M	434M	4.28B	7.83B	1.91B
Total Debt Issued	189M	434M	4.28B	7.83B	1.91B
Long-Term Debt Repaid, Total	-334M	-244M	-3.17B	-8.78B	-2.65B
Total Debt Repaid	-334M	-244M	-3.17B	-8.78B	-2.65B
Issuance of Common Stock	297M	82.7M	620M	6.02B	-
Other Financing Activities, Total	-88.1M	-6.4M	-343M	-400M	-277M
Cash from Financing	64.6M	266M	1.38B	4.66B	-1.02B
Foreign Exchange Rate Adjustments	1.9M	4.2M	23.54M	30.5M	65.4M
Miscellaneous Cash Flow Adjustments	-	-	10K	-	-
Net Change in Cash	896M	-713M	-290M	932M	-906M
Supplemental Items
Cash Interest Paid	88.1M	43.6M	36.12M	195M	74.9M
Cash Income Tax Paid (Refund)	-230M	-30M	126M	96.7M	-25.1M
Levered Free Cash Flow	176M	-658M	-1.2B	-1.57B	-798M
Unlevered Free Cash Flow	234M	-627M	-1.1B	-1.44B	-750M
Change In Net Working Capital	-182M	804M	1.39B	1.6B	976M
Net Debt Issued / Repaid	-144M	190M	1.11B	-957M	-745M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-6.36	-3.53	2.11	0.18	0.8
Return on Total Capital	-16.72	-11.24	5.07	0.29	1.2
Return On Equity %	-70.77	-27.44	5.64	-0.98	4.78
Return on Common Equity	-70.77	-27.44	5.64	-0.98	4.78
Margin Analysis
Gross Profit Margin %	37.14	41.31	53.2	35.81	24.51
SG&A Margin	7.05	6.36	8.88	10.93	5.55
EBITDA Margin %	-49.68	-14.58	6.08	1.36	2.98
EBITA Margin %	-52.36	-15.32	5.7	0.88	2.46
EBIT Margin %	-58.43	-15.84	5.46	0.66	2.05
Income From Continuing Operations Margin %	-94.75	-15.54	2.01	-1.07	4.6
Net Income Margin %	-94.75	-15.54	2.01	-1.07	4.6
Net Avail. For Common Margin %	-94.75	-15.54	2.01	-1.07	4.6
Normalized Net Income Margin	-38.19	-12	-0.26	-1.69	2.09
Levered Free Cash Flow Margin	14.03	-33.24	-31.45	-37.09	-10.05
Unlevered Free Cash Flow Margin	18.64	-31.65	-28.92	-34.15	-9.45
Asset Turnover
Asset Turnover	0.17	0.36	0.62	0.44	0.63
Fixed Assets Turnover	2.42	5.59	15.26	17.57	28.68
Receivables Turnover (Average Receivables)	0.73	1.36	1.52	1.14	1.59
Short Term Liquidity
Current Ratio	1.1	0.94	1.09	2.33	1.93
Quick Ratio	0.92	0.68	0.89	2	1.49
Operating Cash Flow to Current Liabilities	0.32	-0.22	-0.33	-0.33	-0.18
Days Sales Outstanding (Average Receivables)	497.82	268.64	240.33	320.77	229.55
Average Days Payable Outstanding	566.06	388.58	293.07	210.37	121.64
Long Term Solvency
Total Debt/Equity	49.79	62.24	105.12	11.42	10
Total Debt / Total Capital	33.24	38.36	51.25	10.25	9.09
LT Debt/Equity	33.43	23.27	26.15	3.73	2.64
Long-Term Debt / Total Capital	22.32	14.34	12.75	3.35	2.4
Total Liabilities / Total Assets	78.06	81.57	75.12	38.6	40.77
EBIT / Interest Expense	-7.92	-6.21	1.35	0.14	2.13
EBITDA / Interest Expense	-5.83	-4.51	1.86	0.56	3.9
(EBITDA - Capex) / Interest Expense	-5.84	-4.73	1.73	0.46	3.08
Total Debt / EBITDA	-1.14	-2.76	6.23	7.64	2.63
Net Debt / EBITDA	2.5	0.73	2.68	-28.29	-3.61
Total Debt / (EBITDA - Capex)	-1.14	-2.63	6.69	9.34	3.33
Net Debt / (EBITDA - Capex)	2.49	0.69	2.88	-34.57	-4.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-81.37	57.89	91.94	11.09	88.06
Gross Profit, 1 Yr. Growth %	-81.74	75.68	147.2	-6.93	28.69
EBITDA, 1 Yr. Growth %	72.35	-53.66	-179.99	-75.15	312.02
EBITA, 1 Yr. Growth %	47.07	-53.81	-171.44	-82.89	427.49
EBIT, 1 Yr. Growth %	58.18	-57.2	-166.1	-86.64	488.45
Earnings From Cont. Operations, 1 Yr. Growth %	70.16	-74.1	-124.79	-159.11	-910.86
Net Income, 1 Yr. Growth %	70.16	-74.1	-124.79	-159.11	-910.86
Normalized Net Income, 1 Yr. Growth %	28.22	-50.4	-95.87	622.15	-333.22
Diluted EPS Before Extra, 1 Yr. Growth %	67.35	-75.09	-124.54	-148.83	-804.76
Accounts Receivable, 1 Yr. Growth %	-60.14	98.94	58.02	55.19	21.13
Net Property, Plant and Equip., 1 Yr. Growth %	-21.44	-44.94	-1.91	-5.19	36.77
Total Assets, 1 Yr. Growth %	-35.89	-2.69	24.37	78.69	8.7
Tangible Book Value, 1 Yr. Growth %	-34.87	-52.68	655.69	749.5	-16.7
Common Equity, 1 Yr. Growth %	-41.87	-18.27	67.96	340.94	4.85
Cash From Operations, 1 Yr. Growth %	-343.79	-186.36	83.56	-6.94	-37.77
Capital Expenditures, 1 Yr. Growth %	-94.58	1.17K	73.88	2.53	208.37
Levered Free Cash Flow, 1 Yr. Growth %	-115.87	-473.97	81.58	31.05	-49.04
Unlevered Free Cash Flow, 1 Yr. Growth %	-123.11	-368.03	75.38	31.22	-47.97
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-61.46	-45.76	74.08	46.02	44.54
Gross Profit, 2 Yr. CAGR %	-56.18	-43.37	108.37	35.96	9.44
EBITDA, 2 Yr. CAGR %	-40.77	-10.63	-39.11	-55.42	1.18
EBITA, 2 Yr. CAGR %	-41.11	-17.58	-42.55	-65.04	-4.99
EBIT, 2 Yr. CAGR %	-38.03	-17.72	-46.81	-70.29	-11.35
Earnings From Cont. Operations, 2 Yr. CAGR %	-25.17	-33.61	-74.66	-61.73	118.93
Net Income, 2 Yr. CAGR %	-25.17	-33.61	-74.66	-61.73	118.93
Normalized Net Income, 2 Yr. CAGR %	-39.53	-20.25	-85.68	-45.22	310.39
Diluted EPS Before Extra, 2 Yr. CAGR %	-30.68	-35.43	-75.28	-65.39	85.51
Accounts Receivable, 2 Yr. CAGR %	-55.13	-10.95	77.3	52.32	37.11
Net Property, Plant and Equip., 2 Yr. CAGR %	75.62	-34.24	-26.52	-3.56	13.87
Total Assets, 2 Yr. CAGR %	-31.34	-21.01	10.01	49.07	39.37
Tangible Book Value, 2 Yr. CAGR %	-5.81	-44.48	89.13	701.22	166.01
Common Equity, 2 Yr. CAGR %	-27.88	-31.07	17.17	172.14	115.02
Cash From Operations, 2 Yr. CAGR %	-49.39	45.1	21.25	30.7	-23.9
Capital Expenditures, 2 Yr. CAGR %	-82.59	-17.13	369.52	33.38	77.81
Levered Free Cash Flow, 2 Yr. CAGR %	-74.76	-22.97	160.54	54.24	-18.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	-70.56	-21.3	116.79	51.68	-17.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-51.23	-38.34	-17.35	49.87	58.87
Gross Profit, 3 Yr. CAGR %	-52.18	-30.4	-7.45	48.08	33.49
EBITDA, 3 Yr. CAGR %	-38.82	-45.42	-13.87	-54.84	-6.45
EBITA, 3 Yr. CAGR %	-38.47	-45.69	-21.41	-61.63	-13.61
EBIT, 3 Yr. CAGR %	-36.26	-45.23	-23.51	-66.44	-19.61
Earnings From Cont. Operations, 3 Yr. CAGR %	-31.51	-47.46	-52.19	-66.4	5.91
Net Income, 3 Yr. CAGR %	-31.51	-47.46	-52.19	-66.4	5.91
Normalized Net Income, 3 Yr. CAGR %	-35.53	-43.4	-70.27	-47	-11.22
Diluted EPS Before Extra, 3 Yr. CAGR %	-36.53	-50.71	-53.23	-68.98	-5.49
Accounts Receivable, 3 Yr. CAGR %	-36.98	-26.28	7.81	66.5	41.12
Net Property, Plant and Equip., 3 Yr. CAGR %	25.9	19.31	-24.86	-20	8.35
Total Assets, 3 Yr. CAGR %	-20.01	-22.88	-8.11	29.32	34.18
Tangible Book Value, 3 Yr. CAGR %	-52.28	-25.12	32.54	212.05	276.74
Common Equity, 3 Yr. CAGR %	25.52	-24.81	-7.24	82.25	98.03
Cash From Operations, 3 Yr. CAGR %	9.36	-39.53	53.04	11.02	2.06
Capital Expenditures, 3 Yr. CAGR %	-80.64	-27.33	6.12	182.54	76.37
Levered Free Cash Flow, 3 Yr. CAGR %	-	-38.01	2.52	107.18	6.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-38.52	2.8	83.37	6.18
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-18.87	-12.95	3.36
Gross Profit, 5 Yr. CAGR %	-	-	-13.84	-9.02	-5.27
EBITDA, 5 Yr. CAGR %	-	-	-38.94	-49.66	-8.14
EBITA, 5 Yr. CAGR %	-	-	-40.13	-54.46	-15.21
EBIT, 5 Yr. CAGR %	-	-	-40.71	-57.11	-18.86
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-53.98	-53.71	-12.14
Net Income, 5 Yr. CAGR %	-	-	-53.98	-53.71	-12.14
Normalized Net Income, 5 Yr. CAGR %	-	-	-64.69	-44.13	-14.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-56.47	-57.21	-18.85
Accounts Receivable, 5 Yr. CAGR %	-	-	-4.69	-1.45	17.38
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	1.51	9.57	-11.27
Total Assets, 5 Yr. CAGR %	-	-	-9.14	0.39	8.55
Tangible Book Value, 5 Yr. CAGR %	-	-	-17.23	93.23	75.13
Common Equity, 5 Yr. CAGR %	-	-	22.11	25.78	29.84
Cash From Operations, 5 Yr. CAGR %	-	-	13.97	-18.92	15.73
Capital Expenditures, 5 Yr. CAGR %	-	-	-30.69	-7.33	30.4
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-10.74	-6.37
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-11.77	-5.81