Penny Stock Under Rs 15: Online Travel Platform Expands Global Reach by Signing MoU with Tourism New Zealand
With a PE ratio of 28.5, the company trades at a discount compared to the industry PE of 54.2. The company has ROCE of 43.4 per cent and ROE of 31.9 per cent. Investors must keep this small-cap stock on their radar.
EaseMyTrip, a leading online travel tech platform in India, has signed a strategic Memorandum of Understanding (MoU) with Tourism New Zealand. This collaboration aims to strengthen travel ties and enhance the accessibility of New Zealand for Indian tourists. The partnership is set to introduce curated travel packages, seasonal promotional campaigns, and streamlined booking solutions, making it easier for Indian travellers to explore New Zealand's stunning landscapes, adventure tourism, and cultural heritage.
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Mr. Nishant Pitti, Chairman & Founder of EaseMyTrip, expressed excitement about offering exclusive travel experiences that allow Indian tourists to immerse themselves in New Zealand's beauty with ease and affordability. René de Monchy, Chief Executive of Tourism New Zealand, highlighted India's growing market potential and the importance of commercial partnerships in boosting holiday visitor numbers. This MoU aligns with Tourism New Zealand's vision to address travel barriers and promote year-round tourism, coinciding with India's peak holiday periods. EaseMyTrip continues to expand its global footprint, reaffirming its position as a preferred online travel agency for Indian travellers with international ambitions.
EaseMyTrip, operating under the flagship brand "Ease My Trip," is a prominent player in India's online travel industry. It is the second-largest and fastest-growing online travel agency (OTA) in the country, offering a comprehensive range of travel-related products and services. These include airline tickets, hotel and holiday packages, rail and bus tickets, and ancillary services such as travel insurance and visa processing. The company boasts the largest travel agent network in India, with over 60,000 agents, and operates through B2C, B2E, and B2B2C distribution channels. EaseMyTrip has expanded its portfolio through strategic acquisitions and partnerships, including Spree Hospitality, YoloBus, and Nutana Aviation. The company has also ventured into the insurance sector with the establishment of EaseMyTrip Insurance Broker Private Limited. With a strong focus on customer satisfaction, EaseMyTrip maintains a high repeat transaction rate of approximately 86 per cent in the B2C segment.
The company's revenue is predominantly derived from airline passage, accounting for 99.97 per cent of its total revenue. EaseMyTrip continues to innovate, leveraging AI and strategic collaborations to enhance its offerings and expand its geographical presence. As of March 26, 2025, the current stock price of EaseMyTrip is Rs 12.78. The stock has a 52-week high of Rs 23.6 and a 52-week low of Rs 11.04. EaseMyTrip has a market capitalization of Rs 4,604 crore. The company's 1-year return stands at -40.66 per cent, while the 3-year return is -38.78 per cent. Core4 Marcom Private Limited is a major public shareholder, holding 1.33 per cent of the company.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 105.87 crore, reflecting a YoY decline of 17.92 per cent compared to Rs 128.98 crore in December 2023. The operating profit stood at Rs 41.13 crore, marking a 36.80 per cent decrease from Rs 65.08 crore in the same quarter last year. The profit after tax (PAT) declined by 34.43 per cent to Rs 33.52 crore from Rs 51.12 crore in December 2023.
In FY24, the company posted a revenue of Rs 481.53 crore, registering a 12.03 per cent growth compared to Rs 429.83 crore in FY23. The net profit for the year stood at Rs 119.20 crore, down 18.81 per cent from Rs 146.82 crore in the previous financial year.
With a PE ratio of 28.5, the company trades at a discount compared to the industry PE of 54.2. The company has ROCE of 43.4 per cent and ROE of 31.9 per cent. Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.