Yatra Online (YATRA)
CyclicalFairStock Score: 1/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹114.01 |
| Market Cap | ₹1,789 Cr |
| P/E Ratio | 38.26 |
| ROCE | 5.34% |
| ROE | 5.8% |
| Dividend Yield | 0% |
| Profit Growth | -46.4% |
| Debt/Equity | 0.12 |
| Sales Growth | -14.8% |
| Promoter Holding | 64.46% |
| 52-Week Range | ₹89.9 — ₹202 |
| Sector | Leisure Services |
| Book Value | ₹52.64 |
Strengths
- Low debt/equity of 0.07 provides a strong balance sheet.
- Promoter holding at 64.46% ensures strong insider alignment.
- Piotroski F-Score of 7/9 suggests solid recent fundamentals.
- Profit growth of 15.88% is outpacing sales growth of 9.16%.
Concerns
- High P/E of 32.59 and PEG of 2.60 indicate an expensive valuation relative to growth.
- ROE of 3.49% and ROCE of 5.34% show poor capital efficiency.
- No dividend yield means investors rely solely on uncertain price gains.
- FairStock Score of 16/100 flags significant risk.
AI Analysis
At first glance, Yatra's price of ₹122.37 tells me the market expects growth, but a P/E of 32.59 demands a lot. For a business earning an ROE of just 3.49% and ROCE of 5.34%, I see weak capital efficiency. Book value is ₹45.36, yet P/B of 2.70 means I pay a premium for limited earning power. The latest quarter shows sales of ₹257 Cr and net profit of ₹8 Cr, translating into a thin margin near 3%. Sales growth of 9.16% and profit growth of 15.88% are decent, but the PEG at 2.60 suggests valuation has run ahead of fundamentals. Debt/equity of 0.07 and a Piotroski score of 7/9 indicate financial stability, and promoter holding of 64.46% aligns ownership with minority shareholders. However, zero dividend means all returns must come from price appreciation, a frail foundation when the 52-week range of ₹89.90 to ₹202.00 shows severe volatility. As an online travel aggregator, this is a competitive, low-moat business with limited pricing power. I need a margin of safety, but at 32.59 times earnings, I simply don't find one. The FairStock score of 16/100 reinforces my caution. If profits keep compounding at 15.88%, it could become interesting, but I prefer to wait for a cheaper entry. For now, this is a cyclical with promise, not a compounding machine I can own with confidence at this price.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer