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Last Updated on: 08 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543272 | NSE: EASEMYTRIP

Easy Trip Planners Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 7, 2024, 10:14 pm

Market Cap 5,688 Cr.
Current Price 32.1
High / Low54.0/31.6
Stock P/E31.2
Book Value 3.41
Dividend Yield0.31 %
ROCE40.1 %
ROE29.3 %
Face Value 1.00
PEG Ratio2.58

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Easy Trip Planners Ltd

Competitors of Easy Trip Planners Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Growington Ventures India Ltd 69.2 Cr. 4.3123.6/4.2837.2 1.160.00 %11.7 %6.37 % 1.00
Easy Trip Planners Ltd 5,688 Cr. 32.154.0/31.631.2 3.410.31 %40.1 %29.3 % 1.00
Autoriders International Ltd 7.00 Cr. 143143/30.10.89 6610.35 %24.0 %33.7 % 10.0
Thomas Cook (India) Ltd 8,728 Cr. 185264/11333.7 43.70.22 %19.1 %13.8 % 1.00
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) 68,616 Cr. 8581,148/63657.7 40.40.76 %53.8 %40.4 % 2.00
Industry Average24,292.75 Cr260.9033.37129.830.32%29.95%25.78%2.67

All Competitor Stocks of Easy Trip Planners Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales3157876188108136117124142161164153
Expenses14233531467281748977100115106
Operating Profit18345229423755423565614947
OPM %57%60%60%48%47%34%41%36%28%46%38%30%31%
Other Income33354444335-644
Interest0011011112111
Depreciation0001111111412
Profit before tax2136543244395744356560-1747
Tax %26%25%26%28%25%27%27%30%26%27%24%-13%28%
Net Profit1527402333284231264746-1534
EPS in Rs0.090.160.230.130.190.160.240.180.150.270.26-0.090.18

Last Updated: October 7, 2024, 8:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:34 pm

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales141138235449591619
Expenses13161102273381397
Operating Profit1078133176210222
OPM %7%56%57%39%36%36%
Other Income40121415-54-53
Interest363366
Depreciation111378
Profit before tax4683144185143155
Tax %28%27%26%27%27%
Net Profit3361106134103112
EPS in Rs0.190.350.610.770.580.62
Dividend Payout %0%36%21%0%17%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)84.85%73.77%26.42%-23.13%
Change in YoY Net Profit Growth (%)0.00%-11.08%-47.36%-49.55%

Easy Trip Planners Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:62%
TTM:28%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:33%
TTM:44%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-5%
1 Year:-21%
Return on Equity
10 Years:%
5 Years:%
3 Years:39%
Last Year:29%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 1:41 pm

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital222243174177
Reserves80141192196427
Borrowings717508719
Other Liabilities182218197240261
Total Liabilities290398483697885
Fixed Assets12123137131
CWIP00000
Investments111040
Other Assets277385451660715
Total Assets290398483697885

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 277420-119124
Cash from Investing Activity -55-23-5683-43
Cash from Financing Activity 60-31456
Net Cash Flow-2151-67-33137

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow3.0061.0083.0089.00191.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1507682127144
Inventory Days
Days Payable
Cash Conversion Cycle1507682127144
Working Capital Days-53-147-7295137
ROCE %62%63%51%40%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.90%74.90%74.90%74.90%74.90%74.90%74.90%71.30%65.54%64.30%64.30%64.30%
FIIs2.04%1.89%2.80%3.44%2.52%2.31%2.06%2.54%2.30%2.18%2.78%2.57%
DIIs2.82%1.44%1.09%2.31%2.44%2.82%2.98%2.50%2.42%2.35%2.45%2.60%
Public20.24%21.77%21.21%19.35%20.15%19.97%20.06%23.66%29.74%31.16%30.46%30.54%
No. of Shareholders98,4451,04,5281,16,9571,16,7611,29,6462,32,4582,59,6952,87,3963,76,6204,63,0947,47,7667,44,165

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund487,7540.162.05274,7132024-10-0777.55%
SBI Nifty Smallcap 250 Index Fund274,7130.151.15274,7132024-10-070%
Motilal Oswal Nifty Smallcap 250 Index Fund251,9150.151.06274,7132024-10-07-8.3%
ICICI Prudential Nifty Smallcap 250 Index Fund110,3000.150.46274,7132024-10-07-59.85%
HDFC NIFTY Smallcap 250 ETF106,0640.150.44274,7132024-10-07-61.39%
HDFC Nifty Smallcap 250 Index Fund65,6800.150.28274,7132024-10-07-76.09%
Motilal Oswal Nifty 500 Index Fund38,9110.010.16274,7132024-10-07-85.84%
Edelweiss Nifty Smallcap 250 Index Fund19,3470.150.08274,7132024-10-07-92.96%
Bandhan Nifty Smallcap 250 Index Fund10,6990.150.04274,7132024-10-07-96.11%
ICICI Prudential BSE 500 ETF7,1110.010.03274,7132024-10-07-97.41%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.002.002.002.00
Basic EPS (Rs.)0.580.774.875.623.04
Diluted EPS (Rs.)0.580.774.875.623.04
Cash EPS (Rs.)0.620.784.945.683.10
Book Value[Excl.RevalReserv]/Share (Rs.)3.522.1310.8514.979.32
Book Value[Incl.RevalReserv]/Share (Rs.)3.522.1310.8514.979.32
Revenue From Operations / Share (Rs.)3.332.5810.839.8213.01
PBDIT / Share (Rs.)1.291.106.768.064.59
PBIT / Share (Rs.)1.251.086.708.004.53
PBT / Share (Rs.)0.801.066.617.674.22
Net Profit / Share (Rs.)0.580.774.875.623.04
NP After MI And SOA / Share (Rs.)0.580.774.875.623.04
PBDIT Margin (%)38.6342.6162.3982.0735.29
PBIT Margin (%)37.4241.9661.8281.4534.79
PBT Margin (%)24.1541.2060.9978.1432.45
Net Profit Margin (%)17.5129.8745.0057.1723.33
NP After MI And SOA Margin (%)17.4529.8945.0057.1723.33
Return on Networth / Equity (%)17.0536.2744.9037.5032.57
Return on Capital Employeed (%)34.0649.8660.9246.7934.71
Return On Assets (%)11.5319.2521.9215.3411.37
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)0.020.220.210.100.06
Asset Turnover Ratio (%)0.740.740.530.310.00
Current Ratio (X)2.292.031.321.741.71
Quick Ratio (X)2.292.031.321.741.71
Inventory Turnover Ratio (X)2.960.000.000.000.00
Dividend Payout Ratio (NP) (%)0.000.0030.770.000.00
Dividend Payout Ratio (CP) (%)0.000.0030.380.000.00
Earning Retention Ratio (%)0.000.0069.230.000.00
Cash Earning Retention Ratio (%)0.000.0069.620.000.00
Interest Coverage Ratio (X)38.2556.1575.4224.7815.11
Interest Coverage Ratio (Post Tax) (X)30.4840.3755.4018.2610.99
Enterprise Value (Cr.)7531.697601.607332.702065.520.00
EV / Net Operating Revenue (X)12.7516.9431.1519.360.00
EV / EBITDA (X)33.0139.7549.9323.580.00
MarketCap / Net Operating Revenue (X)12.8716.8631.5021.330.00
Retention Ratios (%)0.000.0069.220.000.00
Price / BV (X)12.5720.4531.4414.000.00
Price / Net Operating Revenue (X)12.8716.8631.5021.340.00
EarningsYield0.010.010.010.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Easy Trip Planners Ltd as of October 8, 2024 is: ₹31.27

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 8, 2024, Easy Trip Planners Ltd is Overvalued by 2.59% compared to the current share price ₹32.10

Intrinsic Value of Easy Trip Planners Ltd as of October 8, 2024 is: ₹35.06

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 8, 2024, Easy Trip Planners Ltd is Undervalued by 9.22% compared to the current share price ₹32.10

Last 5 Year EPS CAGR: 12.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 43.20%, which is a positive sign.
  2. The company has higher reserves (207.20 cr) compared to borrowings (36.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (362.17 cr) and profit (126.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 45.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 115.80, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Easy Trip Planners Ltd:
    1. Net Profit Margin: 17.51%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 34.06% (Industry Average ROCE: 29.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 17.05% (Industry Average ROE: 25.78%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 30.48
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.29
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 31.2 (Industry average Stock P/E: 33.37)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.02
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Easy Trip Planners Ltd. is a Public Limited Listed company incorporated on 04/06/2008 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L63090DL2008PLC179041 and registration number is 179041. Currently Company is involved in the business activities of Travel agency and tour operator activities. Company’s Total Operating Revenue is Rs. 232.86 Cr. and Equity Capital is Rs. 43.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Travel/Tourism/Amusement ParkBuilding No. - 223, FIE Patparganj Industrial Area, Delhi Delhi 110092emt.secretarial@easemytrip.com
http://www.easemytrip.com
Management
NamePosition Held
Mr. Nishant PittiChairman & CEO
Mr. Prashant PittiManaging Director
Mr. Rikant PittieExecutive Director
Justice(Retd) Usha MehraIndependent Director
Mr. Satya PrakashIndependent Director
Mr. Vinod Kumar TripathiIndependent Director

FAQ

What is the latest fair value of Easy Trip Planners Ltd?

The latest fair value of Easy Trip Planners Ltd is ₹31.27.

What is the Market Cap of Easy Trip Planners Ltd?

The Market Cap of Easy Trip Planners Ltd is 5,688 Cr..

What is the current Stock Price of Easy Trip Planners Ltd as on 08 October 2024?

The current stock price of Easy Trip Planners Ltd as on 08 October 2024 is ₹32.1.

What is the High / Low of Easy Trip Planners Ltd stocks in FY 2024?

In FY 2024, the High / Low of Easy Trip Planners Ltd stocks is 54.0/31.6.

What is the Stock P/E of Easy Trip Planners Ltd?

The Stock P/E of Easy Trip Planners Ltd is 31.2.

What is the Book Value of Easy Trip Planners Ltd?

The Book Value of Easy Trip Planners Ltd is 3.41.

What is the Dividend Yield of Easy Trip Planners Ltd?

The Dividend Yield of Easy Trip Planners Ltd is 0.31 %.

What is the ROCE of Easy Trip Planners Ltd?

The ROCE of Easy Trip Planners Ltd is 40.1 %.

What is the ROE of Easy Trip Planners Ltd?

The ROE of Easy Trip Planners Ltd is 29.3 %.

What is the Face Value of Easy Trip Planners Ltd?

The Face Value of Easy Trip Planners Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Easy Trip Planners Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE