Announcement • May 16
Easy Trip Planners Limited has filed a Follow-on Equity Offering. Easy Trip Planners Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Mar 23
MPF Systems Limited (BSE:532470) proposed to acquire Etrav Tech Private Limited. MPF Systems Limited (BSE:532470) proposed to acquire Etrav Tech Private Limited on March 21, 2026. MPF Systems Limited wish to inform that, a meeting of the Board of Directors of the Company is scheduled to be held on March 25, 2026, to consider and approve the transaction.
The transaction is subject to approval of offer by acquirer board and definitive agreement. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.09 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.02 (down from ₹0.09 in 3Q 2025). Revenue: ₹1.61b (up 7.1% from 3Q 2025). Net income: ₹58.5m (down 83% from 3Q 2025). Profit margin: 3.6% (down from 22% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Announcement • Feb 11
Easy Trip Planners Limited to Report Q3, 2026 Results on Feb 14, 2026 Easy Trip Planners Limited announced that they will report Q3, 2026 results at 4:00 PM, Indian Standard Time on Feb 14, 2026 Announcement • Nov 26
EaseMyTrip Appoints Manmeet Ahluwalia as Chief Marketing Officer EaseMyTrip announced the appointment of Manmeet Ahluwalia as Chief Marketing Officer (CMO) in its recent stock filing. In this role, Ahluwalia will oversee the company's marketing strategy, driving innovation, customer engagement, and brand growth across India and key international markets. Manmeet brings over two decades of experience shaping brands and driving digital growth across global travel companies including Expedia, Thomas Cook, Yatra, and the Singapore Tourism Board. He has led standout campaigns such as Daddy of Travel, What a Pleasant Surprise, and Travel Like a Champion, which also marked Expedia's global partnership with the UEFA Champions League. His approach seamlessly blends performance marketing, content strategy, and MarTech integration, delivering innovative campaigns across APAC, EMEA, and NORAM. With Manmeet at the helm of marketing, EaseMyTrip is poised to elevate its brand presence, leverage technology for impactful campaigns, and deliver memorable experiences for travellers. His leadership will shape the next phase of growth, reinforcing the company's commitment to customer-first innovation. New Risk • Nov 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Nov 15
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₹1.26b (down 13% from 2Q 2025). Net loss: ₹327.0m (down 226% from profit in 2Q 2025). Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Neena Kumar was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 08
Easy Trip Planners Limited, Annual General Meeting, Sep 29, 2025 Easy Trip Planners Limited, Annual General Meeting, Sep 29, 2025, at 16:00 Indian Standard Time. Announcement • Aug 29
Prashant Pitti Resigns as Managing Director of Easy Trip Planners Limited, Effective Immediately Easy Trip Planners Limited at its board meeting held on August 29, 2025, approved resignation of Mr. Prashant Pitti from the position of Managing Director with immediate effect. Reported Earnings • Aug 16
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₹1.14b (down 25% from 1Q 2025). Net income: ₹13.2m (down 96% from 1Q 2025). Profit margin: 1.2% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Aug 11
Easy Trip Planners Limited to Report Q1, 2026 Results on Aug 14, 2025 Easy Trip Planners Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Announcement • Jun 03
EaseMyTrip Launches EaseMyTrip 2.0 to Build India's Next Wave of Scalable Startups EaseMyTrip announced the launch of its next phase of growth, titled EaseMyTrip 2.0. Spearheaded by Chairman & Founder Nishant Pitti, the initiative marks a major strategic pivot as the company sets out to invest in high-potential, scalable businesses while expanding its footprint into new and emerging verticals aligned with India's evolving travel and lifestyle needs. Unlike traditional investment models that seek control or exits, EaseMyTrip 2.,0 is built around the principle of partnership. The company will focus on working capital investments, acquiring up to 49% equity in selected businesses, while ensuring that founders retain full operational control. This collaborative approach allows entrepreneurs to scale their ventures by tapping into EaseMyTrip's extensive resources, including its customer base of over 3 million users, a powerful digital and marketing ecosystem, and a trusted brand with pan-India reach. The sectors targeted for strategic investment cover both core and adjacent areas where EaseMyTrip sees strong growth potential. In the travel domain, the company is looking to partner with businesses involved in domestic and international holidays, religious and spiritual tourism (such as Ayodhya, Kedarnath, and Varanasi), student and education travel, MICE (Meetings, Incentives, Conferences, Exhibitions) and group travel, luxury travel experiences, chartered flights, air ambulance services, and last-mile mobility including airport transfers and intercity cab services. The model is designed to accelerate scale while preserving the founder's original vision and independence. EaseMyTrip is now inviting early- to mid-stage entrepreneurs to submit their business plans, past financial records, and three-year growth projections. Interested founders can send their applications to <URL> for evaluation. Reported Earnings • Jun 02
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹0.30 (up from ₹0.29 in FY 2024). Revenue: ₹5.87b (flat on FY 2024). Net income: ₹1.07b (up 4.1% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 70%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • May 26
Easy Trip Planners Limited to Report Q4, 2025 Results on May 30, 2025 Easy Trip Planners Limited announced that they will report Q4, 2025 results on May 30, 2025 Announcement • Mar 24
Easy Trip Planners Limited (NSEI:EASEMYTRIP) agreed to acquire 49% stake in Big Charter Private Ltd. Easy Trip Planners Limited (NSEI:EASEMYTRIP) signed a letter of intent to acquire 49% stake in Big Charter Private Ltd. on March 24, 2025.
For the period ending March 31, 2024, Big Charter Private Ltd. reported total revenue of INR 1.29 billion.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.09 (vs ₹0.13 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.09 (down from ₹0.13 in 3Q 2024). Revenue: ₹1.54b (down 4.3% from 3Q 2024). Net income: ₹336.4m (down 26% from 3Q 2024). Profit margin: 22% (down from 28% in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 12% per year. Major Estimate Revision • Feb 12
Consensus EPS estimates increase by 82% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₹0.55 to ₹1.00. Revenue forecast unchanged at ₹6.35b. Net income forecast to grow 133% next year vs 67% growth forecast for Hospitality industry in India. Consensus price target up from ₹20.50 to ₹21.00. Share price fell 7.7% to ₹11.93 over the past week. Announcement • Feb 07
Easy Trip Planners Limited to Report Q3, 2025 Results on Feb 14, 2025 Easy Trip Planners Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Jan 27
EaseMyTrip.com Launches EasyVijay EaseMyTrip.com announced the launch of EasyVijay, a initiative in battlefield tourism that allows travellers to step into history. Officially unveiled on January 26, 2025, to commemorate Republic Day, EasyVijay celebrates India's legacy of valor, strategy, and sacrifice through thoughtfully curated battlefield tours. EasyVijay offers travellers an unparalleled opportunity to explore iconic battlefields in India and across the globe, where pivotal moments of history unfolded. This initiative provides more than just a visit to these historic sites-it creates immersive experiences through expertly narrated storytelling, curated tours, and exclusive interactions with veterans and defense experts. Travellers can witness history come alive while enjoying tailored itineraries that honor the past and celebrate the spirit of discovery. With EasyVijay, the company is introducing a dual experience, combining physical travel packages to historic war zones with virtual battlefield tours powered by VR and AR technology. Travelers can walk through these legendary sites in person or experience realistic digital recreations of historic battles from anywhere in the world. To make every journey unique, AI-powered personalization curates itinerary based on individual preferences, offering interactive storytelling and deep insights into each location's significance. Whether one is a history enthusiast, a researcher or someone curious about military strategy, EasyVijay ensures history comes alive in ways never experienced before. Adding to the immersive experience, EasyVijay hosts exclusive dining events, providing travelers the rare opportunity to engage with war veterans, military strategists, and historians. These interactions offer firsthand insights into the battles that shaped history, fostering a profound connection to the past while making each journey both meaningful and unforgettable. Announcement • Jan 01
Easy Trip Planners Limited Announces CEO Changes The board of directors of Easy Trip Planners Limited at their meeting held 1 January 2025 approved the Appointment of Mr. Rikant Pittie as Chief Executive Officer with effect from 1 January 2025 and Resignation of Mr. Nishant Pitti, Chief Executive Officer of the Company with effect from 1 January 2025, due to his personal reasons. Reason for change: Mr. Rikant Pittie, Chief Financial Officer (CFO) of the Company is also being designated as Chief Executive Officer (CEO) of the Company and who shall also be the Key Managerial Personnel of the Company. Name of the Director: Rikant Pittie. Director Identification Number: 03136369. Date of Birth, Age: 36 years. Qualification: B. Tech: Brief profile and /or Recognition or awards: He is graduate from Kurukshetra University, Ambala and has approximately 15 years of experience in the travel, tourism, HR and Technology. He has been featured under the coveted list of 40 under 40 by Fortune India. His work has also been recognised by prestigious institutions and is awarded the esteemed `Entrepreneur of the year in service business (Travel)' by Entrepreneur India, `Best Travel Planner of the Year' and `Bootstrapped Entrepreneur of the year' by Hurun India. He has also been felicitated by Harish Salve ji, an Indian Senior Advocate, Supreme High Court. Nature of Expertise in specific functional areas: Technology, HR, Travel and Tourism Sector. Relationship with other Directors/Key Managerial Personnel: Mr. Rikant Pittie is brother of Mr. Nishant Pitti and Mr. Prashant Pitti (Promoter & Promoter Group). Date of first appointment on the Board: 8 August 2011. Last Remuneration drawn: 96 Lakh per annum. Details of Remuneration sought to be paid: 96 Lakh per annum. Shareholding in the Company including shareholding as a beneficial owner: 91,72,80,352 equity share of INR 1/- each. List of Directorships held in other companies: Bhoomika Fabricators Private Limited; Easy Builders Private Limited;
Spree Hotels and Real Estate Private Limited; Ease My Trip Private Limited; Yolobus Private Limited; Moneyleader Finance India Private Limited; Travelluxe EMT Private Limited; Vehide.Com Private Limited; Easy Green Mobility Private Limited; Gourmetgrove EMT Private Limited; Easemytrip Foundation. Memberships/Chairmanships in committees across Listed Entities: Easy Trip Planners Limited: Stakeholders Relationship Committee- Member Risk Management Committee- Member Corporate Social Responsibility Committee- Member. Announcement • Dec 31
EaseMytrip Co-Founder Nishant Pitti Reportedly to Sell Remaining Stake Worth INR 7,800 Million EaseMyTrip (Easy Trip Planners Limited (NSEI:EASEMYTRIP)) co-founder Nishant Pitti is set to sell his remaining 14.21% stake in the company for INR 7,800 million via a block deal on December 31, according to CNBC-TV18 sources. EaseMyTrip, operated under Easy Trip Planner, has been a prominent player in the online travel booking space. Pitti will reportedly offload 500 million shares at a floor price of INR 15.6 per unit. Institutional investors such as CRAFT Emerging Market Fund PCC - Citadel Capital Fund, CRAFT Emerging Market Fund PCC - Elite Capital Fund, Multitude Growth Funds Limited, Nexpact Limited, and Eminence Global Fund are expected to participate in the transaction, according to Moneycontrol. This move follows a previous transaction on September 25, where Pitti sold 246.5 million shares, representing 14% of the company’s total share capital. The shares were sold at prices ranging between INR 37.11 and INR 38.28 per unit, fetching a total of INR 9,200 million. Buy Or Sell Opportunity • Dec 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to ₹15.86. The fair value is estimated to be ₹20.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 178% in the next 2 years. Announcement • Nov 28
Easy Trip Planners Limited Unveils EMT Desk, an All-In-One Platform Tailored to Transform Corporate Travel Easy Trip Planners Limited has unveiled EMT Desk, an all-in-one platform tailored to transform corporate travel. Designed to meet the needs of modern businesses, EMT Desk combines strategic oversight, employee-friendly benefits, and real-time travel management under one intuitive system. The platform ensures a smart, streamlined experience for businesses looking to optimize travel costs and enhance employee travel satisfaction. With EMT Desk, EaseMyTrip addresses the unique requirements of corporate clients. A dedicated Travel Manager oversees each account, providing strategic planning and budget analysis for efficient, cost-effective business travel. The platform's Admin Panel simplifies expense tracking, report generation, and travel policy management, making administrative tasks seamless and ensuring financial transparency. Employee Benefits include exclusive discounts on flights, premium hotel accommodations, and a centralized booking system designed to provide convenient, well-rounded travel options. Additionally, EMT Desk streamline corporate travel with 24x7 support, ensuring travel policy adherence and a 03-level approval matrix managed via email and WhatsApp. Features include chatbot assistance, CO2 emission reporting, Power BI analytics, and a user-friendly mobile app, offering efficiency, insights, and convenience for modern travel management. EaseMyTrip first launched its Corporate Travel Business division in 2023, providing curated corporate programs with custom rates, volume discounts, and loyalty rewards. Leveraging a network of global partners, the division offered dedicated account managers and analytics tools to help corporate clients manage expenses, ensure compliance, and identify savings. EMT Desk now builds on this foundation, underscoring EaseMyTrip's commitment to enhancing business travel with comprehensive, user-friendly solutions for modern enterprises. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.15 (vs ₹0.27 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.15 (down from ₹0.27 in 2Q 2024). Revenue: ₹1.50b (up 5.8% from 2Q 2024). Net income: ₹258.7m (down 45% from 2Q 2024). Profit margin: 17% (down from 33% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • Nov 09
Easy Trip Planners Limited to Report Q2, 2025 Results on Nov 14, 2024 Easy Trip Planners Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹33.52, the stock trades at a trailing P/E ratio of 54.2x. Average forward P/E is 47x in the Hospitality industry in India. Total loss to shareholders of 3.0% over the past three years. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹34.32, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 48x in the Hospitality industry in India. Total loss to shareholders of 9.2% over the past three years. Announcement • Sep 12
EaseMyTrip Launches Marketplace, ScanMyTrip.com, Integrated on ONDC Network EaseMyTrip.com unveiled India's first marketplace ScanMyTrip.com. It also becomes the first OTA to sell travel services on ONDC Network and buys from it. The new product, ScanMyTrip.com is a marketplace designed to enable OTAs, MSMEs, Travel agents and homestays to list their offering - Flights, Hotels and Homestay on ONDC Network, providing them access to a broader digital marketplace. EaseMyTrip's integration with ONDC Network will allow businesses in the travel and tourism sector to leverage the digital infrastructure that ONDC provides, empowering even the smallest of service providers to tap into a wide customer base. ScanMyTrip.com simplifies the onboarding process, making it easier for businesses to connect with travellers and compete in the online marketplace. Earlier this year, EaseMyTrip signed a Letter of Intent with ONDC during the `ONDC Startup Mahotsav' to be a part of the digital revolution that ONDC is bringing in the ecommerce ecosystem. This integration, led by EaseMyTrip, demonstrates the company's commitment to fostering inclusive growth and bringing innovative digital solutions to the tourism industry. Announcement • Sep 10
Easy Trip Planners Limited, Annual General Meeting, Sep 28, 2024 Easy Trip Planners Limited, Annual General Meeting, Sep 28, 2024, at 16:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.19 (vs ₹0.15 in 1Q 2024) First quarter 2025 results: EPS: ₹0.19 (up from ₹0.15 in 1Q 2024). Revenue: ₹1.56b (up 26% from 1Q 2024). Net income: ₹324.8m (up 25% from 1Q 2024). Profit margin: 21% (in line with 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Price Target Changed • Jun 21
Price target decreased by 7.9% to ₹41.00 Down from ₹44.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹42.84. Stock is up 1.8% over the past year. The company is forecast to post earnings per share of ₹1.20 for next year compared to ₹0.58 last year. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹0.58 (vs ₹0.77 in FY 2023) Full year 2024 results: EPS: ₹0.58 (down from ₹0.77 in FY 2023). Revenue: ₹6.09b (up 36% from FY 2023). Net income: ₹1.03b (down 23% from FY 2023). Profit margin: 17% (down from 30% in FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Easy Trip Planners Limited to Report Q4, 2024 Results on May 24, 2024 Easy Trip Planners Limited announced that they will report Q4, 2024 results on May 24, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹0.26 (vs ₹0.24 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.26 (up from ₹0.24 in 3Q 2023). Revenue: ₹1.65b (up 21% from 3Q 2023). Net income: ₹456.6m (up 9.5% from 3Q 2023). Profit margin: 28% (down from 31% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Announcement • Feb 09
Easy Trip Planners Limited Declares Interim Dividend Easy Trip Planners Limited declared Interim Dividend of INR 0.10 per equity share. Announcement • Jan 23
EaseMyTrip Launches Holiday Packages and Direct Buses to Ayodhya EaseMyTrip.com has unveiled its latest holiday packages to Ayodhya and Varanasi and direct buses to prominent religious destination, Ayodhya. With the inauguration of Ram Mandir, introducing these specially curated packages is the brand's contribution towards this historic occasion. Being a homegrown brand, EaseMyTrip is committed towards promoting domestic destinations and extending its unwavering support to the country's cultural diversity. Ram temple in Ayodhya is expected to witness 100 million tourists visits per year. The holiday packages offer a 3-night and 4-day stay in the holy city of Varanasi and the popular spiritual hub, Ayodhya. Starting from INR 13,899, these are inclusive of budget accommodation options, sightseeing of the prominent temples and tourist attractions, meals, and commuting. These exclusive tours are designed to provide unique spiritual and cultural experiences to travelers, providing them an opportunity to explore the alluring views of the ghats, witness the serene Ganga aarti, and deep-dive into the country's mythology with the uncountable stories these cities stand strong and witnesses to. Direct buses to Ayodhya, starts from INR 900 and can be booked from EaseMyTrip's and Yolobus Website and App. To further enhance the travel experiences of customers, the brand is offering exciting discounts and deals as well. EaseMyTrip's special holiday packages offer a seamless blend of spirituality, history, and tranquility. Introducing these exclusive packages reinforces the brand's endeavour to provide unique and culturally relevant experiences to its customers. This limited-time deal is available for tourists until March 31, 2024. To explore these religious destinations at unbeatable prices, visit the EaseMyTrip.com website or app to avail of these exclusive packages. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹51.80, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 46x in the Hospitality industry in India. Total loss to shareholders of 1.1% over the past year. Announcement • Jan 02
Easy Trip Planners Limited announced that it expects to receive INR 10 billion in funding Easy Trip Planners Limited announced a private placement to issue combination of equity shares and /or warrants convertible into equivalent number of equity shares for the gross proceeds of INR 10,000 million on January 2, 2024. The transaction has been approved by the shareholders of the company. Announcement • Dec 11
Easy Trip Planners Limited Approves Interim Dividend for the Financial Year 2023-2024, Payable on or Before 10 January 2024 Easy Trip Planners Limited announced that at its board meeting held on December 11, 2023, approved the declaration of interim dividend at the rate of 10% on the equity share capital of the company that is INR 0.10 per equity share of INR 1 each of the company for the financial year 2023-2024. Total payout of interim dividend is INR 177,204,062. The dividend on equity shares will be dispatched/credited to those Members whose name appears on the register of members of the company or in the records of the depositories as beneficial owners of the equity shares as on Record Date that is December 19, 2023. The interim dividend will be paid/dispatched on or before 10 January 2024. Announcement • Nov 29
Easy Trip Planners Limited Unveils Explore Bharat - Discover the Soul of India Travel Program Easy Trip Planners Limited has launched a travel program called "Explore Bharat - Discover the Soul of India." This exciting program aims to captivate travel enthusiasts staying overseas by offering curated tour packages that illuminate the vibrant tapestry of India's heritage, culture, history, architecture, landscapes, wildlife etc. "Explore Bharat" sets out to unravel this intricate mosaic, allowing travelers to witness firsthand myriad hues that paint the canvas of India. The program's curated tour packages are a symphony of experiences, carefully designed to provide a comprehensive overview of India's cultural richness. From the regal palaces of Rajasthan to the serene backwaters of Kerala, each itinerary is a journey through time and tradition. EaseMyTrip, with its expertise in the travel sector, ensures that these tours are not just voyages from one destination to another but immersive experiences that delve deep into the soul of India. With tailor-made itineraries, luxurious amenities, diverse transportation, and premium lodging with "Explore Bharat", it is expected to be a game changer in drawing inbound tourism. This program assures a holistic immersion into India's rich history and culture, meticulously showcasing iconic locations. With EaseMyTrip's carefully curated itineraries, each traveler is promised a comprehensive exploration of India, elevating their travel experience to new heights. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹0.27 (vs ₹0.16 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.27 (up from ₹0.16 in 2Q 2023). Revenue: ₹1.42b (up 31% from 2Q 2023). Net income: ₹471.8m (up 67% from 2Q 2023). Profit margin: 33% (up from 26% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in India. Announcement • Oct 14
Easemytrip.Com Launches Its Latest Offering, Easydarshan EaseMyTrip.com, has launched its latest offering, EasyDarshan. This dedicated platform has been meticulously crafted to cater to the spiritual needs of travellers by providing comprehensive pilgrimage packages across India. EasyDarshan offers an array of specially curated divine packages, ensuring devotees can focus solely on their spiritual journey and are free from the hassle of logistics and planning. The platform offers diverse packages and covers a wide spectrum of revered pilgrimage sites across the country, from the serene Himalayan shrines to the tranquil temples of the South. The packages offered to the customers are inclusive of transportation, accommodation, guided tours and special pujas. Prioritizing safety and sanitation measures, the platform will ensure travelers have convenient, safe and peaceful spiritual tours. Spiritual tourism is a key market in the Indian travel and tourism industry. Venturing into this unique segment is a strategic move by the brand with the sole aim of simplifying and enriching pilgrimage experiences for its customers. Announcement • Sep 07
Easy Trip Planners Limited, Annual General Meeting, Sep 29, 2023 Easy Trip Planners Limited, Annual General Meeting, Sep 29, 2023, at 16:00 Indian Standard Time. Location: Registered Office of the Company at 223, FIE Patparganj Industrial Area, Delhi - 110092 Dehli India Agenda: To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and Auditors thereon; and to appoint a Director in place of Mr. Prashant Pitti. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹6.24b to ₹6.09b. EPS estimate also fell from ₹1.10 per share to ₹0.90 per share. Net income forecast to grow 39% next year vs 39% growth forecast for Hospitality industry in India. Consensus price target down from ₹52.00 to ₹47.00. Share price fell 6.9% to ₹37.80 over the past week. Price Target Changed • Aug 17
Price target decreased by 14% to ₹47.00 Down from ₹54.67, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ₹39.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₹0.90 for next year compared to ₹0.77 last year. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.15 (vs ₹0.19 in 1Q 2023) First quarter 2024 results: EPS: ₹0.15 (down from ₹0.19 in 1Q 2023). Revenue: ₹1.24b (up 42% from 1Q 2023). Net income: ₹260.2m (down 22% from 1Q 2023). Profit margin: 21% (down from 38% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Announcement • Aug 09
Easy Trip Planners Limited to Report Q1, 2024 Results on Aug 14, 2023 Easy Trip Planners Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • Aug 08
Easy Trip Planners Limited announced that it expects to receive INR 846.797864 million in funding from Capri Global Holdings Private Limited Easy Trip Planners Limited announced a private placement of 1,91,06,450 common shares at a price of INR 44.32 per share for the gross proceeds of INR 846.797864 million on August 7, 2023. The transaction will include participation from new investors, Capri Global Holdings Private Limited 2,49,86,450 shares for 1.41% stake, Sandeep Kumar Gupta for 18,41,155 for 0.10% stake, Gopal Krishan Kapoor for 18,41,155 for 0.10%, Adil Sathu for 9,26,871 for 0.05% stake, Atif Sathoo for 26,85,018 for 0.15% stake, Nadiya Jan for 2,49,374 for 0.01%, Parveena Shafi for 1,66,263 for 0.01%, Pradeep Prabhashankar Saboo for 69,07,332 for 0.39%. The shares will be issued on preferential basis. Announcement • Aug 01
Easy Trip Planners Limited agreed to acquire 51% stake in Guideline Travels Holidays India Private Limited, Dook Travels Private Limited and Tripshope Travel Technologies Private Limited. Easy Trip Planners Limited agreed to acquire 51% stake in Guideline Travels Holidays India Private Limited, Dook Travels Private Limited and Tripshope Travel Technologies Private Limited on July 31, 2023. The deal has been approved by board of directors and is subject to approval from shareholders of Easy Trip Planners Limited and other regulatory approval. Recent Insider Transactions • Jun 26
Co-Founder recently sold ₹2.7b worth of stock On the 23rd of June, Nishant Pitti sold around 63m shares on-market at roughly ₹42.60 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Nishant's only on-market trade for the last 12 months. Major Estimate Revision • Jun 02
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹7.09b to ₹6.24b. EPS estimate fell from ₹1.16 to ₹1.10 per share. Net income forecast to grow 44% next year vs 32% growth forecast for Hospitality industry in India. Consensus price target broadly unchanged at ₹55.67. Share price fell 2.9% to ₹45.60 over the past week. Reported Earnings • May 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹0.77 (up from ₹0.61 in FY 2022). Revenue: ₹4.64b (up 97% from FY 2022). Net income: ₹1.34b (up 27% from FY 2022). Profit margin: 29% (down from 45% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in India. Announcement • May 20
Easy Trip Planners Limited to Report Q4, 2023 Results on May 26, 2023 Easy Trip Planners Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹46.35, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 48x in the Hospitality industry in India. Total loss to shareholders of 9.5% over the past year. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Vinod Tripathi was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₹4.36b to ₹4.60b. EPS estimate fell from ₹0.90 to ₹0.80 per share. Net income forecast to grow 47% next year vs 48% growth forecast for Hospitality industry in India. Consensus price target broadly unchanged at ₹54.67. Share price fell 2.8% to ₹50.60 over the past week. Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: ₹0.59 (vs ₹0.23 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.59 (up from ₹0.23 in 3Q 2022). Revenue: ₹1.40b (up 62% from 3Q 2022). Net income: ₹416.9m (up 4.2% from 3Q 2022). Profit margin: 30% (down from 46% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Announcement • Jan 31
Easy Trip Planners Limited to Report Q3, 2023 Results on Feb 06, 2023 Easy Trip Planners Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Announcement • Jan 26
Easy Trip Planners Limited (NSEI:EASEMYTRIP) entered into an agreement to acquire 55% stake in Glegoo Innovations Private Limited INR 30 million. Easy Trip Planners Limited (NSEI:EASEMYTRIP) entered into an agreement to acquire 55% stake in Glegoo Innovations Private Limited for INR 30 million on January 24, 2023. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹45.55, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 55x in the Hospitality industry in India. Total returns to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹55.90, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 60x in the Hospitality industry in India. Total returns to shareholders of 77% over the past year. Reported Earnings • Nov 16
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ₹1.30 (up from ₹1.25 in 2Q 2022). Revenue: ₹1.08b (up 148% from 2Q 2022). Net income: ₹282.2m (up 4.0% from 2Q 2022). Profit margin: 26% (down from 62% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in India. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: ₹1.52 (vs ₹0.71 in 1Q 2022) First quarter 2023 results: EPS: ₹1.52 (up from ₹0.71 in 1Q 2022). Revenue: ₹914.6m (up 389% from 1Q 2022). Net income: ₹331.3m (up 115% from 1Q 2022). Profit margin: 36% (down from 83% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 98%, compared to a 44% growth forecast for the industry in India. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ₹4.87 (vs ₹2.81 in FY 2021) Full year 2022 results: EPS: ₹4.87 (up from ₹2.81 in FY 2021). Revenue: ₹2.50b (up 134% from FY 2021). Net income: ₹1.06b (up 74% from FY 2021). Profit margin: 42% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 127%, compared to a 46% growth forecast for the restaurants industry in India. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹412, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 50x in the Hospitality industry in India. Total returns to shareholders of 255% over the past year. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹410, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 26x in the Hospitality industry in Asia. Total returns to shareholders of 312% over the past year. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 21% share price gain to ₹340, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Hospitality industry in Asia. Total returns to shareholders of 272% over the past year. Reported Earnings • Jan 31
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.68 (up from ₹2.01 in 3Q 2021). Revenue: ₹897.9m (up 90% from 3Q 2021). Net income: ₹400.3m (up 83% from 3Q 2021). Profit margin: 45% (down from 46% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 72%, compared to a 48% growth forecast for the industry in India. 