YATRA

Yatra Online Limited

Corporate and consumer travel technology platform

Consumer Discretionary›Consumer Services›Leisure Services›Tour, Travel Related Services

yatra.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹95.90
Market cap
1,505 Cr
Stock P/E
48.3
P/B
1.81
ROE (FY26)
5.6%
ROCE (FY26)
6.8%
Operating margin (FY26)
3.9%
Debt / equity (FY26)
0.09
OCF / EBITDA (FY26)
92.7%
OCF / EBITDA (3Y)
-112.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Yatra (Yatra Online) is an online travel company that sells air tickets, hotels and holiday packages to corporate and leisure customers, with corporate travel and MICE (meetings, incentives, conferences and exhibitions) services as a key strategic pillar.

Company snapshot

8thBy market cap

Ranked among 8 companies in Tour, Travel Related Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 70.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Air Ticketing
19.7%
46 Cr0 Cr0 Cr
Hotel and Packages
70.6%
166 Cr0 Cr0 Cr
Other Services
3.0%
7 Cr0 Cr0 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.09x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales94 Cr110 Cr108 Cr101 Cr236 Cr235 Cr219 Cr210 Cr351 Cr257 Cr189 Cr188 Cr
Operating expenses (approx.)103 Cr107 Cr104 Cr96 Cr227 Cr222 Cr202 Cr187 Cr327 Cr234 Cr178 Cr175 Cr
EBITDA-8 Cr4 Cr4 Cr5 Cr9 Cr14 Cr17 Cr23 Cr24 Cr23 Cr11 Cr12 Cr
OPM %-9.0%3.3%3.3%4.6%3.9%5.8%7.8%11.0%6.8%8.8%5.8%6.6%
Other income3 Cr9 Cr11 Cr8 Cr8 Cr6 Cr10 Cr6 Cr5 Cr5 Cr10 Cr4 Cr
Interest6 Cr6 Cr4 Cr2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr4 Cr4 Cr5 Cr
Depreciation5 Cr5 Cr5 Cr6 Cr7 Cr7 Cr10 Cr9 Cr10 Cr11 Cr11 Cr11 Cr
Profit before tax-16 Cr2 Cr5 Cr4 Cr7 Cr10 Cr13 Cr17 Cr17 Cr9 Cr6 Cr0.78 Cr
Tax %-5.5%52.0%-3.3%6.8%0.6%0.6%-13.9%6.4%15.5%7.4%-44.8%56.4%
Net profit-17 Cr1 Cr6 Cr4 Cr7 Cr10 Cr15 Cr16 Cr14 Cr8 Cr8 Cr0.34 Cr
EPS (₹)₹-1.48₹0.07₹0.36₹0.26₹0.46₹0.64₹0.97₹1.02₹0.91₹0.53₹0.52₹0.02

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales125 Cr198 Cr380 Cr422 Cr791 Cr1,007 CrSign in free for the trailing twelve months
Operating expenses (approx.)148 Cr207 Cr343 Cr408 Cr747 Cr926 CrSign in free for the trailing twelve months
EBITDA-22 Cr-9 Cr37 Cr15 Cr44 Cr80 CrSign in free for the trailing twelve months
OPM %-17.9%-4.5%9.6%3.5%5.6%8.0%Sign in free for the trailing twelve months
Other income18 Cr21 Cr17 Cr26 Cr32 Cr26 CrSign in free for the trailing twelve months
Interest10 Cr10 Cr23 Cr22 Cr10 Cr13 CrSign in free for the trailing twelve months
Depreciation52 Cr28 Cr18 Cr20 Cr31 Cr41 CrSign in free for the trailing twelve months
Profit before tax-112 Cr-29 Cr12 Cr-1 Cr35 Cr49 CrSign in free for the trailing twelve months
Tax %-5.9%-5.2%37.3%-247.3%-4.1%3.8%Sign in free for the trailing twelve months
Net profit-119 Cr-31 Cr8 Cr-5 Cr37 Cr47 CrSign in free for the trailing twelve months
EPS (₹)₹-11.08₹-2.76₹0.69₹-0.33₹2.33₹2.98Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr11 Cr11 Cr16 Cr16 Cr16 Cr
Reserves112 Cr90 Cr158 Cr732 Cr768 Cr815 Cr
Borrowings13 Cr36 Cr153 Cr64 Cr55 Cr72 Cr
Other liabilities426 Cr411 Cr359 Cr406 Cr485 Cr435 Cr
Total liabilities563 Cr548 Cr681 Cr1,217 Cr1,323 Cr1,336 Cr
Fixed assets (net)2 Cr2 Cr5 Cr7 Cr14 Cr10 Cr
CWIP———8 Cr0 Cr0 Cr
Investments———0 Cr0 Cr4 Cr
Loans & advances———1 Cr2 Cr3 Cr
Trade receivables97 Cr194 Cr288 Cr450 Cr545 Cr535 Cr
Cash & bank147 Cr76 Cr47 Cr140 Cr55 Cr72 Cr
Other assets316 Cr276 Cr342 Cr611 Cr707 Cr712 Cr
Total assets563 Cr548 Cr681 Cr1,217 Cr1,323 Cr1,336 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity104 Cr-83 Cr-153 Cr-142 Cr-89 Cr75 Cr
Cash from investing-21 Cr-8 Cr-17 Cr-234 Cr94 Cr0 Cr
Cash from financing6 Cr20 Cr138 Cr466 Cr-102 Cr0 Cr
Net cash flow89 Cr-72 Cr-31 Cr93 Cr-91 Cr75 Cr
Free cash flow (OCF − Capex)96 Cr-93 Cr-168 Cr-144 Cr-118 Cr75 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-74.7%-14.1%11.0%2.6%5.4%6.8%
ROE %-96.3%-30.5%4.5%-0.6%4.7%5.6%
Debtor days283357275389251194
Inventory days———000
Days payable29127013315010478
Cash conversion cycle-886143239147116
OCF / EBITDA %——-417.5%-968.2%-199.6%92.7%
OCF / EBITDA % (3 years)——n.m.-891.6%-401.0%-112.3%
Debt / equity0.110.360.900.090.070.09
Current ratio1.100.941.092.331.932.08
Net debt / EBITDA——2.90-5.18-0.01-0.0093