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This SAAS player is in a sweet spot amid buoyancy in travel & tourism market

Strong sector tailwinds and limited impact of macro challenges make RateGain a good long-term bet

August 03, 2022 / 12:22 PM IST
This SAAS player is in a sweet spot amid buoyancy in travel & tourism market

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

RateGain Travel Technologies (RateGain, CMP: Rs 317 M Cap: Rs 3,432 crore) has been steadily reaping the gains of the upswing in its addressable market – the travel & tourism sector, as evident from its steady quarterly show. With the company turning decisively profitable and guiding to a steady growth and margin expansion and is open to inorganic opportunities, given the strength of its balance sheet, we see this as a long-term earnings growth proposition. The current weakness provides...

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