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RateGain Travel Technologies: Why this SaaS player looks interesting amid market weakness

For RateGain, sectoral tailwinds are strong and the company is geared to maximise this opportunity with its own suite of products and possible addition through the inorganic route

November 23, 2022 / 01:35 PM IST
RateGain Travel Technologies: Why this SaaS player looks interesting amid market weakness

Rategain Travel Technologies: The sectoral tailwinds are strong and the company is geared to maximise this opportunity.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Strong show by RateGain in Q2, second half to be even stronger Sharp improvement in operating margin, thanks to operating leverage Most of the new products have huge headroom for growth Cash-rich balance sheet, open to inorganic moves Travel sector in the sweet spot amid overall concerns about global macro Stock’s underperformance despite strong financials provides long-term accumulation opportunity RateGain Travel Technologies (RateGain, CMP: Rs 274 M Cap: Rs 2,970 crore) came out with its IPO last year at a price of Rs 425. The...

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