Easy Trip Planners Ltd. share price target

Easy Trip Planners (EMT) is a pioneering Indian Online Travel Agency (OTA) that sets itself apart by eliminating hidden fees. It's the country's fastest-growing and most profitable OTA, surpassing competitors with a 47% CAGR in gross booking revenues from FY20-23. FY23 witnessed robust growth in air travel (62% YoY), hotels (121% YoY), and other segments (10% YoY), boosting Gross Booking Revenue by 42.6% to ?23,710 Mn with 14 million customers by June 30, 2023.

Good performance in a seasonally lean quarter

Growth momentum intact amid margin miss

Healthy air traffic coupled with higher market-share benefits EMT

Soft performance amid margin improvement

INDIA l Institutional Research l Travel l 5 April 2022 Easy Trip Planners Ltd lBUYlTP:450 'No-frills' - Going for the Kill We initiate coverage on Easy Trip Planners (EasyTrip; EaseMyTrip.com; EMT) with a BUY and TP of Rs.450. Given our analysis of the competition and extensive discussions with travel experts, we believe that EasyTrip's focused, capital-light, low-cost, no-frills approach sets it apart from the rest in the online travel agency (OTA) business in terms of profitability and cash flow, remarkably similar to the...

About the stock: Easy Trip Planners or EaseMyTrip.com (EMT) is the fastest growing and only profitable company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for...

All ingredients in place for fine trip

Outlook & Valuation: based on FY2020 the IPO is priced at a PE of 58x at the upper end of the price band along with a very good ROE of 34% and ROCE of 35%. The company has the potential to grow exponentially in near future. Looking at the company performance in FY 2020 and

Easy Trip Planners Ltd.- IPO Note Issue Open: March 08 March 10, 2021 Price Band: Rs. 186 187 *Issue Size: 27,272,727 eq shares (entirely Offer for sale of 27,272,727 eq sh) Issue Size: Rs. 510 cr Reservation for: QIB Upto 75% eq sh Non Institutional atleast 15% eq sh Retail Upto 10% eq sh

Easy Trip Planners (ETP), an online travel agency, was founded in 2008. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well as ancillary value added services such as travel insurance, visa processing and tickets for activities and attractions. The company's products and services are organised primarily in the following segments: (i) airline tickets (94% of...

ETPL is well known for its online tour web portal EaseMyTrip.com. and EaseMyTrip.in. ETPL offers a comprehensive range of travel-related products and services for end-to-end travel solutions. Company's products and services are organized primarily in the following segments: (i) airline tickets, which consists of the sale of airline tickets as well as airline tickets sold as part of the holiday packages; (ii) hotels and holiday packages, which consists of standalone sales of hotel rooms as well as travel packages; and (iii) other services, which consists of rail tickets, bus tickets, taxi rentals and ancillary value added services such as travel insurance, visa processing and tickets for activities and attractions. The company have been consistently profitable since incorporation, and according to the CRISIL Report, they were...