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RATING

RECOMMENDATION

Strong Buy

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RATING

RECOMMENDATION

Strong Buy

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 %

  • 22.53%

    1 Year

  • 80.13%

    2 Year

Company has generated a total revenue INR 138 Cr. and shown 23% year on year growth, due to the deep penetration in the ‘next billion user’ market, which comprises users predominantly from Tier-II and Tier-III cities and rural India. By leveraging the utility-focused OTA platforms (such as ConfirmTkt, ixigo app, AbhiBus), the company have been able to enhance user trust and loyalty, and sell there travel services, such as tickets and bookings for trains, flights, buses and hotels, to users.

Ixigo Net Profit Growth(PAT)

Growth in %

  • NA

    1 Year

  • NA

    2 Year

During FY21, the company have undertaken certain cost reduction initiatives like work-from-home, including renegotiating fixed costs such as rent, deferring non-critical capital expenditures, reducing marketing expenses and renegotiating our supplier payments and contracts. All the discussed changes have brought operational efficiency in the company and helped to make it profitable. 

Ixigo EPS Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

In Fiscal year 2021 EPS of the company turned positive. Around 8,164 share option are converted into equity share through effect of dilution. Also the net income of the company is increased is one of the major reason for the growth of EPS. 

  • Ixigo Book Value Growth

Growth in %

  • NA

    1 Year

Ixigo EBITDA Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

With the operational efficiency witnessed in the business during FY21 and leveraging on the acquisitions performed to generate more revenue, aid to bring profitability in the business. 

Ixigo Operating Profit Growth

Growth in %

  • NA

    1 Year

  • NA

    2 Year

Ixigo Asset Growth

Growth in %

  • 158.59%

    1 Year

  • 73.30%

    2 Year

On January 31, 2021, the Group executed a Share Purchase Agreement with shareholders of Confirm Ticket Online Solutions Private Limited  (the "CTPL") for acquisition. This acquisition played a major role in the increase of assets 

Ixigo Cash Flow from Operations

Growth in %

  • NA

    1 Year

  • NA

    2 Year

During the fiscal year FY 2020- 2021 travelling was stopped for some months due to COVID. In the fourth quarter of Fiscal 2021, rail had recovered to 46%, air to 71% and bus to 40% of their pre COVID-19 volumes of the fourth quarter of Fiscal 2020.Because of this the operation expenses increased and revenue generation was not at that level . Therefore the working capital become negative and affected the total cash flow from operation. 

  • Ixigo Solvency Ratios

Ixigo D/E Ratio

Total equity of the company get positive for the first time  which is really good for the company but company has 15% secured debentures of INR 9.2 Cr. Management doing good effort and in the long run it will be improved.

Ixigo Current Ratio

During FY21, the company has acquired "Confirm ticket" and "AbhiBus", to strengthen the travel utility business. The recent acquisitions has resulted into heavy liability to the business. Moreover, due to COVID-19, the company had received revenue pertaining to in advance for free cancellation facility offered to customers. 

Ixigo Quick Ratio

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

Ixigo Interest Coverage Ratio

We can see that management  has done good effort in maintaining the interest coverage ratio. The depreciation expense also decreased and  The Group has elected not to assess whether a Covid-19 related rent concession from a lessor is a lease modification and accordingly changes in the lease payments resulting from the Covid-19 related rent concession has been accounted for in the same way it would have account for under Ind AS 116. 

  • Ixigo Operating Efficiency

With the operational efficiency witnessed in the business during FY21 and leveraging on the acquisitions performed to generate more revenue, aid to bring profitability in the business. 

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)

Ixigo Return on Capital Employed(RoCE)

Capital employed has increased around 86% compounded in the last three years. Company has effectively used the total funding and profitability also increased year on year shows good strategic management of the company.   

Ixigo Return to Assets (RoA)

The acquisitions done by the company helped them to increase the asset. Assets are increased at the rate of 93% year on year which is really good for the company. 

  • Ixigo Valuation Ratios

Ixigo Earning Yield