RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Emerging Leader

RATING

RECOMMENDATION

Neutral

Business Type

Emerging Leader

  • Ixigo Growth

Get detailed information about the Ixigo Pre IPO shares. In this research report, you will get to know about Ixigo (Le Travenues Technology Pvt. Ltd.) Key Ratio data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Ixigo Revenue Growth

Growth in %

  • 178.12%

    1 Year

  • 84.60%

    2 Year

  • 108.20%

    3 Year

The company's overall revenue increased by Rs 247Cr. over the course of the year, or around 178 % y-o-y in FY22. The company's ticketing revenue increased by 186% y-o-y in FY22, which was primarily the result of an increase in transactions on their OTA platform as well as the consolidation of Confirm Ticket and the acquisition of Abhibus. which was the result of an increase in GTV.  In FY22 the total GTV increased 160.69% over the year which was from  Rs. 2153 Cr. in FY21 to Rs. 5614 Cr.

Ixigo Net Profit Growth(PAT)

Growth in %

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

The company booked a net loss of over Rs.21Cr. in FY22 which was, mostly a result of an increase in other operating expenses. These costs include an increase in free cancellation transactions across all business sectors, including Ixigo, Confirm Ticket, and Abhi Bus, and rising payment gateway fees. Also, the company started an advertisement and branding campaign for their new subsidiaries and the cost of advertisement increased by over Rs.49 Cr which was about 567.19% y-o-y in FY22 over FY21 which had an influence on the company's finances and caused it to become a loss maker.

Ixigo EPS Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

The loss which the company incurred has resulted in a decrease in EPS.

  • Ixigo Book Value Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

The book value of the company has improved in FY21 and FY22 because of the increase in total equity of the company. The company has converted 3,59,396 preference shares into 15,14,79,600 equity shares which increased their commons shares and the security premium of the company has also increased around Rs. 605 Cr. after the acquisition of Abhi Bus and Confirm ticket.

Ixigo EBITDA Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

The EBITDA of the company has turned negative in FY22 because of the increase in operating expenses of the company. The other expenses of the company has increased 204% y-o-y in FY22 which majorly impacted the EBITDA of the company.

Ixigo Operating Profit Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

Ixigo Asset Growth

Growth in %

  • 190.95%

    1 Year

  • 177.10%

    2 Year

  • 107.38%

    3 Year

The assets of the company has increased 190% over the year in FY22. The goodwill of the company has shown a significant increase  which was around 211% y-o-y in FY22 due to the acquisition of Abhibus on August 01, FY21.

Ixigo Cash Flow from Operations

Growth in %

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

The cash flow from operation of the company has turned negative in FY22 as the company is expanding its business by acquisition and burning lot of cash in advertising and branding of the company 

  • Ixigo Solvency Ratios

Ixigo D/E Ratio

The D/E ratio of the company has improved over the years as the debt of the company has decreased and total equity of the company has increased over the year in FY22 which positively impacted the DE ratio of the company.  

Ixigo Current Ratio

The current ratio of the company has increased 54% y-o-y in FY22. The company is expanding and raising funds for its expansion. The bank balance of the company has increased significantly over the years and also the current assets of the company has increased 200% over the years show that the company is more capable of paying off their debts.

Ixigo Quick Ratio

Company doesn't hold any inventory, hence the quick ratio is same as current ratio. 

Ixigo Interest Coverage Ratio

The company's interest coverage ratio, which was positive in FY21, has changed to be negative in FY22. It mostly occurred as a result of the EBIT turning negative in FY22 due to an increase in the company's depreciation expenditure following the acquisition of ABHI Bus.

  • Ixigo Operating Efficiency

The company has witnessed a downfall in the operating efficiency of the company in FY22 after the acquisition of Abhi Bus and Comfirm Ticket , The company's advertising expenses increased by more than 550% in FY22 compared to FY21,but the revenue of the company hasn't grown at that level, which had an influence on the company's finances and caused it to become a loss maker. However the EBIT and PAT margin shown a negative downfall of 3.9% and 5.5% respectively over the years in FY22.

Ixigo Operating Profit EBIT Margin(OPM)

Ixigo Profit Before Tax Margin (PBT Margin)

Ixigo Profit After Tax Margin (PAT Margin)

  • Ixigo Profitablity Ratio

Ixigo Return on Equity(RoE)

The company's ROE decreased 46% y-o-y in FY22 due to the loss the company experienced. According to DU Pont analysis, the net profit margin is negative as a result of the loss, and the equity multiplier has also increased. At the moment, the company is expanding and is unable to give its shareholders a good return on their investment.

Ixigo Return on Capital Employed(RoCE)

Ixigo Return to Assets (RoA)

ROA has fallen in the current year due to the loss that the company experienced ,although the company's assets have increased significantly, it has not been able to generate enough returns from its current asset base for their shareholders.

  • Ixigo Valuation Ratios

Ixigo Earning Yield