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TBO Tek Ltd.
(TBOTEK)
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Rating:63Neutral
Price Target:
₹1,720.00
▲(20.29% Upside)
Action:Reiterated
Date:08/04/26
The score is driven mainly by strong reported growth and profitability plus a constructive technical uptrend, but it is held back by weak cash-flow performance (negative operating and free cash flow in 2026) and a demanding valuation (P/E ~61.6).
Positive Factors
Revenue acceleration
A sustained large revenue increase to 26.8B indicates strong demand and scale expansion. Over 2–6 months this underpins market position, supports fixed-cost absorption and potential network effects, giving the company durable growth runway if converted into stable cash generation.
Negative Factors
Deteriorating cash generation
A reversal to negative OCF and FCF signals weakening cash conversion and raises persistent funding risk. Over months this can force external financing, limit capex or marketing, and suggests reported earnings may not yet reflect sustainable cash-backed performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration
A sustained large revenue increase to 26.8B indicates strong demand and scale expansion. Over 2–6 months this underpins market position, supports fixed-cost absorption and potential network effects, giving the company durable growth runway if converted into stable cash generation.
Read all positive factors
TBO Tek Ltd. (TBOTEK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹182.89B
Dividend YieldN/A
Average Volume (3M)117.20K
Price to Earnings (P/E)68.0
Beta (1Y)1.29
Revenue Growth68.93%
EPS Growth13.94%
CountryIN
Employees1,511
SectorGeneral
Sector StrengthN/A
IndustryTravel Services
Share Statistics
EPS (TTM)24.84
Shares Outstanding108,587,780
10 Day Avg. Volume63,396
30 Day Avg. Volume117,198
Financial Highlights & Ratios
PEG Ratio8.73
Price to Book (P/B)7.28
Price to Sales (P/S)4.22
P/FCF Ratio-339.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,905.00Price Target Upside33.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)39.56
Revenue Forecast (FY)₹39.25B
TBO Tek Ltd. Business Overview & Revenue Model
Company Description
TBO Tek Ltd. manages extensive travel distribution platforms, with operations spanning both India and the global market. The company provides an advanced online technology hub, allowing its clients to effortlessly book a wide array of worldwide tr...
TBO Tek Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 30.92B | 26.77B | 17.37B |
| Gross Profit | 13.57B | 10.42B | 5.78B |
| EBITDA | 4.72B | 3.37B | 3.59B |
| Net Income | 2.65B | 2.44B | 2.30B |
Balance Sheet | |||
| Total Assets | 0.00 | 93.09B | 62.14B |
| Cash, Cash Equivalents and Short-Term Investments | 15.39B | 15.39B | 13.30B |
| Total Debt | 0.00 | 7.56B | 2.14B |
| Total Liabilities | -15.51B | 77.58B | 50.19B |
| Stockholders Equity | 15.51B | 15.51B | 11.95B |
Cash Flow | |||
| Free Cash Flow | 247.58M | -332.17M | 3.06B |
| Operating Cash Flow | 286.68M | -206.43M | 3.12B |
| Investing Cash Flow | 3.00B | -4.50B | -4.76B |
| Financing Cash Flow | 4.39B | 4.73B | 3.77B |
TBO Tek Ltd. Technical Analysis
Positive
1429.90
Price Trends
1576.36
Positive
1424.65
Positive
1433.96
Positive
Market Momentum
42.16
Positive
54.26
Neutral
52.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TBOTEK, the sentiment is Positive. The current price of 1429.9 is below the 20-day moving average (MA) of 1681.68, below the 50-day MA of 1576.36, and below the 200-day MA of 1433.96, indicating a bullish trend. The MACD of 42.16 indicates Positive momentum. The RSI at 54.26 is Neutral, neither overbought nor oversold. The STOCH value of 52.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TBOTEK.
TBO Tek Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹52.64B | 23.81 | ― | 0.45% | -4.26% | -13.11% | |
73 Outperform | ₹100.85B | 41.48 | ― | ― | 114.36% | 14.91% | |
63 Neutral | ₹182.89B | 67.99 | ― | ― | 68.93% | 13.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹23.95B | -42.89 | ― | 2.37% | 1.48% | -166.91% | |
53 Neutral | ₹17.82B | 57.27 | ― | ― | 9.34% | -35.80% |
* General Sector Average
IN:TBOTEK
TBO Tek Ltd.
1,684.25
113.70
7.24%
IN:EASEMYTRIP
Easy Trip Planners Ltd.
6.01
-2.57
-29.95%
IN:IXIGO
Le Travenues Technology Limited
166.75
-129.45
-43.70%
IN:RATEGAIN
RateGain Travel Technologies Ltd.
851.30
227.95
36.57%
IN:THOMASCOOK
Thomas Cook (India) Limited
111.90
-65.50
-36.92%
IN:YATRA
Yatra Online Limited
113.55
-47.60
-29.54%
TBO Tek Ltd. Corporate Events
TBO Tek Issues Revised Shareholders’ Letter on Q1 FY27 Results
Jul 29, 2026
TBO Tek Ltd. has issued a revised Shareholders’ Letter covering its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company informed stock exchanges that the earlier version of the letter, sub...
TBO Tek circulates Q1 FY27 unaudited results to shareholders
Jul 29, 2026
TBO Tek Ltd. has issued a shareholder letter detailing its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The disclosure, made in compliance with Regulation 30 of SEBI’s Listing Obligations and D...
TBO Tek Files Investor Presentation with Indian Stock Exchanges
Jun 28, 2026
TBO Tek Limited has released an investor presentation in compliance with Regulation 30 of India’s Listing Regulations and submitted it to both the BSE and NSE, where its shares are listed under the scrip code 544174 and symbol TBOTEK. The pr...
TBO Tek Files Investor Presentation with Indian Stock Exchanges
Jun 1, 2026
TBO Tek Ltd. has submitted an investor presentation to the Bombay Stock Exchange and the National Stock Exchange of India in compliance with securities listing regulations. The company has also made the presentation available on its website, enhan...
TBO Tek Confirms No Deviation in Use of ₹400 Crore IPO Proceeds
May 28, 2026
TBO Tek Ltd. has reported to the stock exchanges that there has been no deviation or variation in the use of the ₹400 crore raised through its initial public offering on May 13, 2024, for the quarter ended March 31, 2026. The utilization of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.