One of the small-cap stocks engaged in providing end-to-end travel solutions, including airline tickets, hotel and holiday packages, rail tickets, bus tickets, and taxis. The stock is down by 9.91 percent after the promoter selling a stake of 14.21 percent of the company through block deals.
Stock Price Movement
In Thursday’s trading session, Easy Trip Planners Limited’s share plunged to an intraday low of 9.91 percent from the previous close of Rs. 17.05. The stock opened at Rs. 15.76 and is currently trading at Rs. 15.94 with a high of Rs. 16.11 and a low of Rs. 15.36. The market capitalization now stands at approximately Rs. 5,649.27 crore.
What Happened
Promoter Nishant Pitti is set to sell up to a 14.21% stake in the company through block deals, as reported by CNBC-TV18. The floor price for the transaction has been set at Rs 15.6 per share, with the total deal value estimated at Rs 780 crore. As of December 2, 2024, Nishant Pitti held an equivalent 14.21% stake in the company.
Strategic Partnerships
Easy Trip Planners Limited achieved 178% YoY growth in the Hotel and Holiday Packages segment, with gross booking revenue of INR 241 crores and 2.2 lakh hotel bookings, a 75% YoY increase.
The company has also made significant progress in Dubai and prioritizes expansion in key international markets for sustained growth.
Future Guidance
Easy Trip Planners Limited expects continued major revenue contributions from its ticketing business in the near term. While growth in electric vehicle manufacturing is anticipated, significant contributions to GMV or profitability are not expected in the immediate future.
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New Initiatives
Easy Trip Planners Limited has launched Easy Green Mobility, entering the electric bus sector, which is expected to grow at a 24% CAGR from FY2024 to FY2030. YoloBus will handle research, product development, and manufacturing for this new initiative.
Recent quarter results and ratios
Easy Trip Planners Limited’s revenue has decreased from Rs. 120 crore in Q2 FY24 to Rs. 103 crore in Q2 FY25, which has down by 14.17 percent. The net profit of Easy Trip
Planners Limited has also grown by 157.14 percent from Rs. 51 crore in Q2 FY24 to Rs. 28 crore in Q2 FY25.
Easy Trip Planners Limited’s revenue and net profit have grown at a CAGR of 36.69 percent and 37.74 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 43.4 percent and 31.9 percent, respectively. Easy Trip Planners Limited’s EPS is to be Rs. 0.29 and a debt-free company.
Company Overview
Easy Trip Planners Limited operates under the brand EaseMyTrip and is a leading Indian online travel agency founded in 2008 by brothers Nishant, Rikant, and Prashant Pitti. The company is headquartered in New Delhi and offers services such as flight bookings, hotel reservations, holiday packages, and bus bookings.
The company has expanded internationally, with offices in Singapore, UAE, and Thailand, and also provides ancillary services like travel insurance, visa processing, and tickets for activities.
Written By – Nikhil Naik
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