Debt-Free Stock Under Rs 15: Company Set to Transform Public Transportation by Winning Madhya Pradesh’s Only First Inter-City Electric Bus Tender
The company has a market cap of over Rs 4,000 crore with debt-free as of December 2024 and LIC owns a 2.36 per cent stake in the company.
Easy Trip Planners Ltd or EaseMyTrip, through its subsidiaries YoloBus and Easy Green Mobility, has secured a significant win by being awarded Madhya Pradesh's first inter-city electric bus tender by Sagar City Transport Services Limited. This achievement addresses the current market shortage of electric buses while supporting the state's push for sustainable public transport. The electric buses, manufactured by Easy Green Mobility and operated by YoloBus, are slated for deployment in August 2025.
These state-of-the-art electric buses will combine advanced technology, passenger comfort, and environmental responsibility to create a smooth, safe, and eco-friendly travel experience. YoloBus, already operating on over 250 routes with its premium intercity services, is committed to eco-friendly mobility. The new electric buses will feature zero-carbon emissions, minimal noise pollution, and cutting-edge technology, including real-time tracking, sanitized cabins, onboard entertainment, and punctual departures.
This win not only marks a milestone for EaseMyTrip but also reinforces its commitment to the 'Make in India' initiative and its leadership in the country's electric vehicle revolution. YoloBus aims to expand its network to over 400 routes by the end of the year and continue its exponential growth in the coming years. By integrating these advanced electric buses into its existing fleet, YoloBus is setting new standards for sustainable transportation and contributing to a cleaner, more efficient transport ecosystem in India.
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About the Company
EaseMyTrip (a publicly listed company at NSE and BSE) is India’s one of largest online travel platform in terms of air ticket bookings, based on the Crisil Report-Assessment of the OTA Industry in India, February 2021. Furthermore, growing at a CAGR of 47 per cent during FY20-24 in profits before tax, it is one of the fastest-growing internet companies. Bootstrapped and profitable since its inception, EaseMyTrip offers 'End to End' travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value-added services. EaseMyTrip offers its users the option of zero convenience fees during bookings.
EaseMyTrip provides its users with access to more than 400 international and domestic airlines, over 2+ million hotels as well as train/bus tickets and taxi rentals for major cities in India. Founded in 2008, EaseMyTrip has offices across various Indian cities, including Noida, Delhi, Gurugram, Bengaluru and Mumbai. Its international offices (as subsidiary companies) are in the Philippines, Singapore, Thailand, the UAE, the UK, the USA and New Zealand
The shares of Easy Trip Planners Ltd were ex-traded on Friday, November 29, 2024, in a 1:1 bonus share issue. This means that if you purchased shares on or after this date, you would not be eligible for the bonus shares. The company has a market cap of over Rs 4,000 crore with debt-free as of December 2024 and LIC owns a 2.36 per cent stake in the company. The shares of the company have an ROE of 32 per cent and an ROCE of 43 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.