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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Le Travenues Technology Limited, also known as ixigo, is engaged in the business of running online platforms named www.ixigo.com, www.confirmtkt.com, and www.abhibus.com to provide information and booking services for the travel industry. The Company's segments include Flight…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, fairly priced — but flagged on governance.
LE TRAVENUES TECHNOLOGY L is scored on the general / industrial framework. It keeps a slim 5.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.74× reported profit. Free cash flow is worth about -13.8% of its market value.
Over the last 3 years revenue compounded at 35%/yr and profit at 45%/yr. Book value itself has compounded 74%/yr — the hallmark of a genuine compounder. Return on equity is a weak 5.4%. In the latest quarter profit grew 85% versus the prior quarter.
At 95× earnings, the stock sits at the 45th percentile of its own 2.4-year range — the middle of where it has historically traded. Today's price already implies ~21%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: 53% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 47.76 | 18.08 | worse |
| P/B | 3.37 | 2.12 | worse |
| EV/EBITDA | 32.25 | 7.2 | worse |
| ROE | 5.41 | 10.96 | worse |
| ROCE | 6.53 | 15.67 | worse |
| ROA | 5.64 | 4.02 | better |
| Quick Ratio | 2.92 | 1.94 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Zomato | 711.8 | 11.2 | 1.6% |
| Paytm | 134.9 | 6.9 | 5.2% |
| Nykaa | 308.9 | 61.0 | 19.5% |
Revenue has grown every year across all 4 financial years shown. 35% CAGR over 3 years — high-growth territory.
Profit is growing faster than revenue (45% vs 35%) — margin expansion is at work.
Operating margin has expanded from 4% to 7% — the business is keeping more of each rupee earned.
ROE at 3% — modest; the capital isn't working hard.
45% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.7× PAT — earnings are well-backed by cash; strong accrual quality. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 11% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 10% above earlier ones.
Profit jumped 85% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (7% → 18%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.4y median.
FIIs trimmed 7.2pp — foreign money is rotating out. MF holding up 4.6pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.