TBO Tek Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹16,824 Cr
- P/E
- 62.54
- ROE
- 17.37%
- PEG
- 3.31
- Price to sales
- 5.45
- Debt to equity
- 0.49
- 52W high / low
- ₹1,745 / ₹1,018
- Sales growth (5Y)
- 79.97%
- EBITDA margin
- 13.96%
- Net profit margin
- 8.91%
- Promoter holding
- 44.41%
- Sales (last year)
- ₹3,092 Cr
Incorporated in 2006, TBO Tek Ltd is in the business of operating multiple online technology platforms and providing access to book global travel inventory aggregated through travel suppliers like airlines, hotels, etc.[1]
Guidance scorecard · Q1 FY27 call
What TBO Tek Ltd's management guided
and where it ranks in Leisure Services
RevenueQ1 FY27 call
10–20%- Organic business growth is expected to normalize and return to pre-crisis levels, referencing Q3 of last year with around 15% YoY growth in constant currency once markets stabilize.
- Expansion in Europe and APAC is driving high double-digit organic growth, supported by timely investments.
- North America market, especially via Classic Vacations acquisition, is poised for growth but may take several quarters to realize full potential due to market maturity and integration timelines.
- Cross-selling between TBO and Classic is expected to expand as platform migration completes, increasing intercompany sales.
2 more points from TBO Tek Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what TBO Tek Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- Current AI investments include three main initiatives: CX productivity, sales productivity, and VOYA (AI itinerary tool). VOYA remains experimental with minimal Capex, recorded under intangibles.
- AI projects are led by a lean in-house tech team, causing negligible impact on cost structures but offering potential efficiency gains.
- AI-related Capex is minimal.
- Historically, investments primarily focused on expanding sales force and market development, which is expected to continue opportunistically but without aggressive increases.
2 more points from TBO Tek Ltd's call on capex
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FundraisingQ1 FY27 call
See what TBO Tek Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what TBO Tek Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of TBO Tek Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of TBO Tek Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 281 | 345 | 352 | 327 | 369 | 418 | 451 | 422 | 446 | 511 | 568 | 784 |
| Expenses + | 245 | 278 | 283 | 271 | 304 | 340 | 375 | 367 | 381 | 437 | 479 | 684 |
| Operating Profit | 36 | 67 | 70 | 56 | 66 | 79 | 75 | 55 | 65 | 74 | 88 | 100 |
| OPM % | 13% | 19% | 20% | 17% | 18% | 19% | 17% | 13% | 15% | 14% | 16% | 13% |
| Other Income + | 6 | -4 | 1 | 12 | 7 | 15 | 15 | 20 | 25 | 20 | 15 | 7 |
| Interest | 2 | 2 | 2 | 3 | 4 | 6 | 6 | 6 | 5 | 5 | 9 | 15 |
| Depreciation | 7 | 6 | 7 | 8 | 15 | 12 | 13 | 13 | 14 | 14 | 16 | 26 |
| Profit before tax | 34 | 54 | 62 | 57 | 53 | 76 | 71 | 57 | 71 | 75 | 78 | 66 |
| Tax % | 16% | 13% | 10% | 11% | 13% | 19% | 16% | 12% | 17% | 16% | 14% | 19% |
| Net Profit + | 28 | 47 | 56 | 51 | 46 | 61 | 60 | 50 | 59 | 63 | 68 | 54 |
| EPS in Rs | 2.57 | 4.59 | 5.41 | 4.93 | 4.47 | 5.61 | 5.53 | 4.60 | 5.43 | 5.80 | 6.22 | 4.94 |
Financials of TBO Tek Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 343 | 441 | 571 | 142 | 483 | 1,065 | 1,393 | 1,737 | 2,309 |
| Expenses + | 292 | 395 | 484 | 163 | 451 | 876 | 1,132 | 1,453 | 1,982 |
| Operating Profit | 51 | 46 | 87 | -21 | 32 | 189 | 261 | 285 | 327 |
| OPM % | 15% | 10% | 15% | -15% | 7% | 18% | 19% | 16% | 14% |
| Other Income + | 9 | -1 | 18 | 5 | 37 | 24 | 21 | 75 | 68 |
| Interest | 5 | 6 | 5 | 2 | 7 | 14 | 19 | 33 | 34 |
| Depreciation | 1 | 5 | 12 | 11 | 16 | 25 | 36 | 52 | 70 |
| Profit before tax | 53 | 34 | 88 | -30 | 46 | 174 | 227 | 275 | 290 |
| Tax % | 33% | 23% | 17% | 16% | 27% | 15% | 12% | 16% | |
| Net Profit + | 36 | 26 | 73 | -34 | 34 | 148 | 201 | 230 | 243 |
| EPS in Rs | 187.62 | 138.92 | 384.79 | -180.13 | 3.23 | 13.84 | 19.39 | 21.17 | 22.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of TBO Tek Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 130 | 159 | 238 | 202 | 221 | 330 | 534 | 1,184 | 1,375 |
| Borrowings + | 0 | 21 | 17 | 8 | 63 | 71 | 210 | 214 | 719 |
| Other Liabilities + | 462 | 644 | 536 | 364 | 976 | 2,147 | 4,100 | 4,797 | 5,167 |
| Total Liabilities | 594 | 826 | 793 | 576 | 1,271 | 2,558 | 4,855 | 6,206 | 7,272 |
| Fixed Assets + | 2 | 44 | 35 | 23 | 92 | 136 | 349 | 345 | 452 |
| CWIP | 0 | 0 | 4 | 9 | 0 | 0 | 14 | 39 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 173 | 2 |
| Other Assets + | 592 | 782 | 755 | 545 | 1,179 | 2,422 | 4,490 | 5,649 | 6,817 |
| Total Assets | 594 | 826 | 793 | 576 | 1,271 | 2,558 | 4,855 | 6,206 | 7,272 |
Financials of TBO Tek Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 6 | 93 | -3 | 51 | 198 | 237 | 226 | 289 |
| Cash from Investing Activity + | 7 | -39 | -6 | -28 | -27 | -85 | -154 | -443 |
| Cash from Financing Activity + | -5 | -5 | -8 | -5 | -16 | -14 | 115 | 365 |
| Net Cash Flow | 8 | 49 | -18 | 17 | 156 | 138 | 188 | 210 |
| Free Cash Flow | 5 | 75 | -12 | 43 | 184 | 230 | 188 | 236 |
| CFO/OP | 34% | 231% | 11% | -255% | 674% | 138% | 97% | 112% |
Financials of TBO Tek Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 311 | 314 | 194 | 309 | 401 | 537 | 867 | 853 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 311 | 314 | 194 | 309 | 401 | 537 | 867 | 853 |
| Working Capital Days | -81 | -129 | -36 | -391 | -234 | -137 | -114 | -104 |
| ROCE % | 29% | 42% | 1% | 18% | 53% | 43% | 27% |
Guidance history
How TBO Tek Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | None planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | — | — | — |
| Q3 FY26 call → | 10–20% | Flat | None planned | — | — |
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
69 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +0.6% | 61% |
| Last 6 months | +23.5% | 77% |
| Last 3 months | +3.4% | 69% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For TBO Tek Ltd: 0.4 × 61 + 0.4 × 77 + 0.2 × 69 = 69.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What TBO Tek Ltd's management said in earlier quarters
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