Welcome another blog post Easy Trip share price target 2024 to 2050. In this article, we are analyzing the Easy Trip share price target based on its fundamentals and technical which give us a clear view about the company. So let’s understand the company, its fundamentals, financial health, and its competitors.
Easy My Trip is a travel service company which is Incorporated in 2008 by the Pitti brothers (Nishant Rikant and Prashant) as a B2B portal, initially the company operated from their home garage.
In 2011 Easy My Trip company entered in B2C segment, catering to the growing travel needs of India’s middle class.
They expand their business by offering of international flight bookings, hotels, holiday packages, bus booking, and white label services.
The company established Overseas officers in UAE, Singapore, Maldives, and Thailand, wait a dedicated website for UAE, UK, and Thailand.
The company also became an authorized partner of IRCTC for train ticket booking.
The company entered the Bombay Stock Exchange in 2020.
Business areas of the Easy My Trip
Air tickets booking
Train ticket bookings
Bus ticket bookings
Holiday packages
Hotels
Travel Insurance
Visa processing
Other value-added services.
Management and Their Qualification of Easy My Trip
Nishant Pitti CEO of the company holds a Bachelor of Commerce degree from Delhi University and an MBA from IIM Lucknow. He has experience in online travel portals, having previously worked at MakeMyTrip.com.
Co-founder and whole-time director Mr. Rikant Pitti had his master’s degree in marketing management from Symbiosis Pune.
Co-founder Prashant Pitti plays a vital role in strategic planning and financial management and completed chartered accountant with an MBA from IIM Bangalore.
Peer Competitors of Easy My Trip
Online travel agents like MakeMyTrip.com, yatra.com, goibibo.com and cleartrip.com.
Fundamentals of Easy My Trip
| Market Cap | 8372.89 Cr. |
| PE | 61 |
| PB | 19.94 |
| Dividend Yield | 0% |
| Cash | 37.46 Cr. |
| DEBT | 65.41 Cr. |
| EPS | 0.90 |
| Sales Growth | 84.59% |
| Profit Growth | 36.96% |
| ROE | 46.86% |
| ROCE | 54.57% |
Fundamental Analysis of Easy My Trip
Profitability Ratios:
ROE: The return on equity of the company is 37.85% which indicates excellent profitability exceeding the industry average of 15%.
ROA: The return on assets of the company is 20.27% which indicates strong efficiency in converting assets into profit, surpassing the industry average of 5%.
Net Profit Margin is 28.17% which indicates the company has highly profitable operations, above the industry average of 10%.
Liquidity Ratios:
The Current Ratio of the company is 2.21 which indicates the strong ability to meet shorter obligations, exceeding the industry average of 1.5.
The quick Ratio of the company is 1.71 which provides similar reassurance on short-term solvency, also higher than the industry average of 1.0.
Solvency Ratios:
The debt-to-equity ratio of the company is 21.53% which represents a low and manageable debt level, significantly lower than the industry average of 40%.
The interest Coverage Ratio of the company is 10.06X which employees ample ability to cover interest payments with earnings, well about the industry average of 4X.
Valuation Ratios:
The Price-to-price-earnings ratio of the company is 61 which is considered high compared to the industry average of 25, suggesting potential valuation of the company.
The price-to-book ratio of the company is 19.94 which is higher than the industry average of 4, which indicates potentially the company’s right now overvaluation.
Highlights of Fundamentals:
In the last 3 years, the company has shown strong financial performance with revenue and profit growth. In Q2 FY24 saw record-breaking profits and impressive EBITA margin.
High profit margins and high ROE indicate efficient operations and capital salutations.
The solvency score of the company is 91/100, suggesting a healthy financial position and ability to meet obligations.
The PE ratio of the company is more the its industry average ratio but justified by strong growth prospects.
Considerations:
| Strengths of Easy My Trip | Weaknesses of Easy My Trip |
| Leading online travel agency in India | High dependence on the Indian travel market |
| Diversified product portfolio | Competition |
| Technology focused | Thinly traded stock |
| Profitable growth |
| Opportunities For Easy My Trip | Threats for Easy My Trip |
| Growing Indian travel market | Macro Economic Factors |
| Expansion into new segments | Competition |
| Mobile and technology adaptation | Regulations |
Dividend History of Easy My Trip
Easy My Trip has been consistently profitable over the past 5 years but the company hasn’t declared any dividends to its shareholders in the last five years. instead, they have reinvested their profits into the business to fuel their growth and expansion.
| Year | Dividend Date | Type of Dividend | Dividend per Share (₹) | Total Dividend per Share (₹) |
| 2021 | Apr 27, 2021 | Interim | 1.00 | 1.00 |
| 2021 | Nov 18, 2021 | Interim | 1.00 | 2.00 |
| 2022 | N/A | N/A | 0.00 | 0.00 |
| 2023 | N/A | N/A | 0.00 | 0.00 |
Share Holding Pattern of Easy My Trip
The promoter holding in the company is 64.30%
FII holding in the company is 2.36 percent which is a relatively small presence of foreign institutional investors in the company.
DII shareholding in the company is 2.37%.
Public holding in the company is 31.16%.
Recent trends of shareholding
Promoter Holdings has decreased slightly in the past years 74. 9% to 64.3% which indicates some dilution of their ownership.Â
Read More: RVNL Share Price In Target and Future Prediction
Share Price Targets of Easy My Trip
| Year | Minimum | Maximum |
| 2024 | 41 | 60 |
| 2025 | 57 | 73.50 |
| 2030 | 112 | 175 |
| 2040 | 238 | 377 |
| 2050 | 643 | 862 |
Easy Trip Share Price Target 2024
As per fundamentals, the company is financially strong the stock attracted everyone the Easy Trip Share Price Target 2024 will be a minimum of 41 and a maximum of 60.
Easy Trip Share Price Target 2025
As we see on the monthly chart the stock is moving uptrend direction and experts believe that if the stock breaks its previous high then the Easy Trip Share Price Target for 2025 will be a minimum of 57 and a maximum of 73.50.
Easy Trip Share Price Target 2030
The govt. of India is investing a lot of money in railway infrastructure development like Vande Bharat which boost the company’s sales in the future so we are expecting the Easy Trip Share Price Target for 2030 will be a minimum of 112 and a maximum of 175.
Easy Trip Share Price Target 2040
Increasing usage of mobiles changing technology and public dependency on E-commerce websites will indicate that the Easy Trip Share Price Target for 2040 will be a minimum of 238 and a maximum of 377.
Easy Trip Share Price Target 2050
The Easy Trip Share Price Target for 2050 will be a minimum of 643 and a maximum of 862.
Conclusion:
Easy My Trip is a well-established company in the growing Indian travel market. The company has strong financial performance, diversified product offerings, and technology-focused company. So before investing in the company investors should also consider the risks associated with dependence on the Indian market, its competition, sector conditions, and macroeconomic factors.
FAQ:
What is Easy Trip Share Price Target 2024?
As per fundamentals, the company is financially strong the stock attracted everyone the Easy Trip Share Price Target 2024 will be a minimum of 41 and a maximum of 60.
What is Easy Trip Share Price Target 2025?
As we see on the monthly chart the stock is moving uptrend direction and experts believe that if the stock breaks its previous high then the Easy Trip Share Price Target for 2025 will be a minimum of 57 and a maximum of 73.50.
What is Easy Trip Share Price Target 2040?
Increasing usage of mobiles changing technology and public dependency on E-commerce websites will indicate that the Easy Trip Share Price Target for 2040 will be a minimum of 238 and a maximum of 377.