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As of 6 Nov 2026, TBO Tek trades at 61.7× trailing earnings, above the industry P/E of 23.5×, and the shares are 12% below their 52-week high. Sales and net profit grew 37% and 19% a year over 3 years, with ROCE of 15% and ROE of 17%. Debt is 0.39× equity. It is a small-cap company with a market cap of ₹16,746 Cr, ranked 2nd of 15 Travel Services companies by market cap; the shares fell 0.8% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,575.00
Day high
₹1,575.20
Day low
₹1,547.50
Prev. close
₹1,576.50
Volume
29.1K

Health check

2 good · 1 fair · 3 to check
  • ReturnsAhead

    −0.8% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 61.7 vs industry 23.5.

  • GrowthStrong

    Sales +36.7%, profit +19.2% a year over 3 years.

  • ProfitabilityAverage

    ROCE 15.0% vs peer median 12.1%.

  • Balance sheetStretched

    Debt 0.39× equity, interest covered 7.7×, Piotroski 2 of 9.

  • Red flags1 to check

    P/E of 61.7 against an industry P/E of 23.5.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Travel Services

14 listed peers. Screen the industry

Small cap

₹16,746 Cr, #2 of 15 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹3,390 Cr · profit ₹273 Cr
Market cap
₹16,746 Cr
Small cap
P/E
61.7
Industry 23.5
Price to book
9.67
Peers 1.76
Dividend yield
0.00%
ROE
17.5%
Peers 8.4%
ROCE
15.0%
Peers 12.1%
Debt to equity
0.39
Debt ₹671 Cr
EPS (TTM)
₹25.37
Face value ₹1
OPM (TTM)
14.8%
Net margin 8.1%
Sales growth
+51.1%
Latest quarter vs a year ago
Profit growth
+12.4%
Latest quarter vs a year ago
Price to sales
4.94
EV/EBITDA 33.5

Strengths and risks

Strengths

  • Quarterly sales up 51.1% on a year ago.

Risks to check

  • P/E of 61.7 against an industry P/E of 23.5.

Derived automatically from reported figures. Not a recommendation.

About TBO Tek

TBO Tek Limited operates travel distribution platforms in India and internationally. It offers an online technology platform which provides its customers with access to book global travel inventory through travel suppliers, such as airlines, hotels, car rentals, transfers, cruises, insurance, rail services, and others. The company's products include hotels, air, packages, car rentals, transfers, sightseeing, rail, insurance, cargo, cruise, marine, and…

Headquarters
Gurugram
Employees
1,511
Sector
Consumer Cyclical
ISIN
INE673O01025
Website
tbo.com

Price range

52 weeks

₹1,004.20₹1,772.50

Today

₹1,547.50₹1,575.20
Avg volume (3M)
1.8 L
1-year return
minus 0.8%
From 52-week high
minus 11.7%

Analyst consensus

14 analysts
Strong buyMean target ₹1,966.43 plus 25.7%

Target range, with today’s price

Low ₹1,720.00High ₹2,200.00

Today’s price ₹1,564.70 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Travel Services

Compare with peersScreen the whole industry
Company
IRCTCIndian Railway Catering And Tourism Corporation457.00minus 0.15%36,56026.28.4941.1%35.0%29.6%13.8%11.5%1.97%minus 36.3%
TBOTEKTBO Tek1,564.70minus 0.75%16,74661.79.6715.0%17.5%14.3%36.7%19.2%0.00%minus 0.8%
IXIGOLe Travenues Technology165.89plus 1.28%7,32049.53.41–10.7%7.2%––0.00%minus 37.2%
THOMASCOOKThomas Cook (India)100.28plus 5.42%4,71721.41.7610.5%7.8%4.9%18.4%223.5%0.53%minus 41.2%
EASEMYTRIPEasy Trip Planners6.02plus 0.67%2,399–2.55−5.0%−5.2%−5.2%6.1%–0.00%minus 24.6%
YATRAYatra Online77.39plus 0.08%1,21439.11.476.7%5.8%7.1%41.3%83.0%0.00%minus 46.3%
ITHLInternational Travel House278.50minus 0.46%22313.61.2013.7%9.1%13.5%8.1%−13.3%1.97%minus 39.0%
TRADWINTrade Wings479.00minus 0.08%144105.7−15.6945.6%–−0.7%7.1%−10.4%0.00%plus 749.4%
Median of 7 peers–0.08%2,39932.71.7612.1%8.4%7.1%10.9%11.5%0.00%−37.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
511784814926866
434677709782721
77.3107105144145
15.1%13.7%12.9%15.5%16.7%
8.95.512.87.45.9
5.314.914.614.617
1426.429.93333.8
8.4−5.3––−8.1
75.366.173.710391.5
16.4%18.8%18.4%19.3%17.0%
6353.760.183.476
5.854.995.597.747.05

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+36.7%
Profit CAGR 3Y
+19.2%
EPS CAGR 3Y
+19.7%
ROE
17.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9831,2811,6142,512
–+30.3%+26.0%+55.6%
7679891,2562,079
216292358433
22.0%22.8%22.2%17.2%
−6.9−3.8−0.116.8
7.210.623.343.6
24.636.251.986.4
−3.2−14.6−7.8−26.2
174227275293
14.8%11.6%16.3%16.7%
144202230244
–+40.1%+13.7%+6.3%
13.2818.6221.4822.76

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10.410.410.910.9
3305341,1841,540
70.6210214756
2,1474,1024,8057,002
2,5584,8576,2149,309
70.879.977.8114
0222
5327201,3301,469
1,9554,0564,8047,724
2,5584,8576,2149,309

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
237226289−20.8
−106−157−441−418
−14.1115365441
1171852132.8
−7−38.7−53.2−66.8
230188236−87.5

Shareholding pattern

Source: NSE filings
44.4%
promoters
  • Promoters44.41%
  • Public54.15%
  • Employee trusts1.44%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202644.41%54.15%0.00
30 Jun 202644.41%54.06%0.00
31 Mar 202644.41%53.93%0.00
31 Dec 202544.41%53.70%0.00
30 Sep 202544.41%53.60%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you