About Company

• Easy Trip Planners is an India-based online travel agency.
• The company offers a comprehensive range of travel – related products and services under the flagship brand ”Ease My Trip”
• It provides end- to -end travel solutions, including airline tickets, hotels and holiday packages,rail tickets, bus tickets and taxis.
• It also provides value- added services such as travel insurance, visa processing and tickets for activities and attraction

Stock Price

• In last 1 year (May’23- May’24) company has given negative returns of 3.62%
• But when we look at the company’s 3 year (March’21- May’24) returns is 248%

248% returns in 3 years

Company Key Points

• Easy Trip Planners(EMT) is the only profitable company in the online travel portal in India.
• largest travel agent network of 60,000 ^[2] across India.
• More than 90% of its business is B2C at present.
• A unique pricing model in which the company doesn’t charge any convenient fee
• The company to have a high repeat transaction rate of ~86% in the B2C segment.

Acquisitions & Partnerships

1. Spree Hospitality acquisition – A 1200-room-keys hospitality management company, Spree has a diversified portfolio of 45 properties including hotels, resorts, clubhouses, and guest houses across India to expand to 200 properties in the next five years.

2. YoloBus acquisition – a next-generation, premium intercity bus mobility platform. Over 3 lakh customers have traveled using its platform across 250-plus routes, connecting major Tier-I to Tier-II and III cities.

3. Flybig partnership – Entered into an exclusive partnership with Flybig, India’s newest regional airline, to sell their tickets on its platform

4. SpiceJet partnership – Exclusive partnership with budget airline SpiceJet for powering their holiday bookings.

5. JustDial partnership – Exclusive service provider for all flight bookings at JustDial.

6. Nutana Aviation – In FY23, EaseMyTrip acquired a 75% stake in aviation asset financing and leasing company Nutana Aviation Capital, which offers charter solutions to customers both in India and abroad.^[5]

7. Eco Hotels and Resorts Limited– Easy Trip Planners Ltd has acquired a 13.39% stake in Eco Hotels and Resorts in a share swap deal. The company further acquired a 13% stake in the company on Dec,23.

8 Guideline Travel Holidays Pvt. Ltd: A Leading cruise provider dealing in both B2C and B2B segments.

9 TripShope Travel Technologies Pvt. Ltd: A leading travel solution platform having a large B2B Database of Kashmir.

10 Dook Travels Pvt. Ltd: Travel service provider operating in Central Asian countries, Turkey, UAE and India.

Key Ratios

Market Cap	₹ 7,893 Cr.
Current Price	₹ 44.5
High/Low	₹ 54.0 / 37.0
Stock PE	47.4
Industry PE	52.4
ROCE	54.6 %
ROE	46.9 %
PEG Ratio	0.46
Debt To Equity	0.19

Shareholding Pattern

Change In Shareholding Pattern

	Jun-21	Mar-24	Change
Promoters +	74.90%	64.30%	-10.60%
FIIs +	1.09%	2.78%	1.69%
DIIs +	5.15%	2.45%	-2.70%
Public +	18.86%	30.46%	11.60%

Promoters

• June 2021: 74.90%
• March 2024: 64.30%
• Change: -10.60%

Analysis: There has been a significant decrease in the shareholding of promoters by 10.60%. This reduction could indicate a few possibilities, such as promoters selling off a portion of their stakes, dilution of shares, or a strategic decision to bring in more external investors.

Foreign Institutional Investors (FIIs)

• June 2021: 1.09%
• March 2024: 2.78%
• Change: +1.69%

Analysis: The shareholding of FIIs has increased by 1.69%. This increase suggests growing confidence and interest from foreign investors in the company’s prospects. It can be viewed positively as FIIs typically invest after thorough research and analysis.

Domestic Institutional Investors (DIIs)

• June 2021: 5.15%
• March 2024: 2.45%
• Change: -2.70%

Analysis: There has been a decline in the shareholding of DIIs by 2.70%. This reduction might be due to DIIs reallocating their investments to other opportunities or sectors. It could also be a result of market conditions or changes in the company’s perceived value or risk.

Public

• June 2021: 18.86%
• March 2024: 30.46%
• Change: +11.60%

Analysis: Public shareholding has increased significantly by 11.60%. This substantial rise indicates a growing interest and participation from retail investors. The increase in public shareholding can also result in greater market liquidity and a more diverse shareholder base.

Revenue Mix

The company provides three major services 

• Air Packages (78.2%)
• Hotel Packages (13%)
• Others (8.8%) (rail tickets, bus tickets, taxi rentals, etc)

Financial Trend

 

Revenue

• Value in March 2020: 141 crore
• Value in March 2024: 463 crore
• The percentage change in sales from March 2020 to March 2024 is approximately 228.37%.

Net Profit

• Value in March 2020: 35 crore
• Value in March 2024: 167 crore
• The percentage change in net profit from March 2020 to March 2024 is approximately 377.14%.

Company Valuation

• Industry PE- 52.4 is higher than Current PE (47.6) from this we can say that company is undervalued.
• Current PE- 47.6 (Blue Line)
• Median PE- 62.6 (Red Line) (For 5 years)
• As the Current PE is less than the Median PE so we can say that company is undervalued.

What Should Investors Do ?

• Easy Trip Planner is the only profitable travel company in India
• As 78% of the revenue comes from the air packages & airline industry is booming after COVID so this demand will increase in the near future
• For the past 5 years company posted Revenue growth of 228% & Profit Growth of 377% which is really good
• Revenue & Net Profit are sitting at all time high
• Company is undervalued as per the Median PE & the Industry PE
• Fundamental of the company is really strong
• At the current price of Rs 44 is reasonable level to buy this stock. Only think of the long term investing.

Check Out this – SBI Cards share price to double within  years

Disclaimer

• Money Minded School is not a SEBI registered investment advisor, Please do your own research before investing
• This article is a complete guide about Easy Trip Planners Ltd.
• These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
• Also, We have talked in detail about the share’s future prospects and growth potential.
• Hopefully, this information will help you in your further investment.
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