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Le Travenues Technology Ltd (IXIGO) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹95.2B

LT Le Travenues Technology Ltd IXIGO · NSE
Price₹174.03
Fair Value₹23.76
Upside-86.4%
Quality48/100
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Healthy Growth
Thin margins · 5.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 30/100
Evidence: High Range ₹19.37 – ₹29.70 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price −15.1% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹29.70). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (2 years)

₹335.55 ₹125.14 Fair Value ₹23.76 Jun 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

26‑month range ₹125.14 – ₹335.55 · fair‑value band ₹19.37 – ₹29.70 · the ₹174.03 price screens above the ₹23.76 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Le Travenues Technology Ltd (IXIGO) currently trades at ₹174.03, while our model-based Fair Value estimate is ₹23.76, implying the stock looks roughly 86.4% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Le Travenues Technology Ltd generated revenue of ₹12.3B at a net margin of 5.9%. Revenue grew 8.4% year over year. It earns a return on equity of 5.3%. The stock trades on a trailing P/E of 101.8. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹19.37 (bear case) to ₹29.70 (bull case); at ₹174.03, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 49% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -28% fair-value upside, at -86%, IXIGO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹71.06 ₹133.32 ₹235.32 80
Rev-Margin DCF ₹38.47 ₹55.29 ₹91.07 74
ROIC Compounder ₹17.80 ₹19.46 ₹20.91 72
All 24 models by family
DCF Models
FCF DCF ₹75.06 ₹113.60 ₹236.34 38
Owner Earnings ₹31.61 ₹61.91 ₹125.53 31
5Y Revenue Exit ₹35.98 ₹49.21 ₹76.29 39
5Y EBITDA Exit ₹37.53 ₹52.34 ₹81.08 41
5Y P/E Exit ₹46.74 ₹85.66 ₹137.15 38
10Y Revenue Exit ₹47.26 ₹77.37 ₹91.18 36
10Y EBITDA Exit ₹48.94 ₹80.70 ₹130.09 37
10Y P/E Exit ₹55.66 ₹100.53 ₹170.69 35
Earnings-Based
Graham-Dodd ₹11.18 ₹77.98 ₹109.43 54
Lynch FV ₹39.95 ₹57.08 ₹74.20 50
PEG = 1.0 ₹39.95 ₹57.08 ₹74.20 46
EPV ₹17.80 ₹19.46 ₹20.91 59
Multiples
P/E Multiple ₹27.13 ₹36.18 ₹45.22 63
P/S Multiple ₹20.97 ₹27.95 ₹34.94 58
P/B Multiple ₹20.97 ₹27.95 ₹34.94 55
EV/EBIT ₹25.70 ₹31.65 ₹37.59 53
EV/EBITDA ₹22.79 ₹27.77 ₹32.75 54
EV/Revenue ₹19.88 ₹25.04 ₹30.19 43
Asset-Based
NCAV (Graham) ₹23.33 ₹31.26 ₹46.66 50
Growth DCF
Growth DCF ₹71.06 ₹133.32 ₹235.32 80
Rev-Margin DCF ₹38.47 ₹55.29 ₹91.07 74
Economic Profit
Residual Income ₹34.30 ₹33.62 ₹29.37 61
ROIC Compounder ₹17.80 ₹19.46 ₹20.91 72
Growth Earnings
Growth-Adj P/E ₹53.12 ₹75.88 ₹98.65 68

Widest divergence: DCF Models (₹77.37) versus Economic Profit (₹19.46). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹12.3B
Revenue growth (YoY) +8.4%
Net margin 5.9%
Return on equity 5.3%
Free cash flow ₹1.8B FY2026
P/E ratio 101.8
More key figures
Operating margin 6.6%
EPS (TTM) ₹1.71
EPS growth (YoY) +67.4%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 54 · Market factors (momentum, volatility) 30

Profitability 38
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 20
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Le Travenues Technology Limited operates online travel agency (OTA) platforms in India. Its OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, hotels and cabs; provide travel utility tools and services, including PNR status updates, flight status updates, LIVE bus tracking, train seat availability alerts, train running status …

Full company description

Le Travenues Technology Limited operates online travel agency (OTA) platforms in India. Its OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, hotels and cabs; provide travel utility tools and services, including PNR status updates, flight status updates, LIVE bus tracking, train seat availability alerts, train running status updates and delay predictions, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services. The company also offers Siri shortcuts ancillary services, including travel insurance, car rentals, and visa processing; hotel booking and food delivery; and software development and maintenance services. In addition, the company operates OTA platforms through its websites and mobile applications under ixigo, Confirmtkt, and AbhiBus brand names. Le Travenues Technology Limited was incorporated in 2006 and is based in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Le Travenues Technology Ltd reported revenue of ₹12.3B in FY2026 versus ₹3.8B in FY2022, a compound +34.1%/yr. Reported net income was ₹721M in FY2026.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹12.3B
Latest YoY
+34.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+34.8%
Revenue +34.1%/yr
FY22 ₹3.8B
FY23 ₹5.0B
FY24 ₹6.6B
FY25 ₹9.1B
FY26 ₹12.3B
Net income
FY22 −₹244M
FY23 ₹216M
FY24 ₹758M
FY25 ₹602M
FY26 ₹721M

IXIGO screens 86% overvalued. Compare with Booking Holdings →

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Cite: Fair Value Calculator (2026). "Le Travenues Technology Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IXIGO

Peer Group

Travel Services · 92 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −86% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 8% · Above median

Valuation Multiples vs Travel Services median · lower = cheaper

P/E (TTM) 101.8× · Pricier than 75% of peers
P/B 4.65× · Pricier than 75% of peers
P/S (TTM) 7.75× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 25
FUTURE 42 · sector 27
PAST 21 · sector 35
HEALTH 100 · sector 96
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Travel Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $212.26 $152.94 -28%
Airbnb, Inc ABNB $180.10 $85.66 -52%
Royal Caribbean Cruises Ltd RCL $307.15 $215.19 -30%
Viking Holdings VIK $104.19 $43.68 -58%
Carnival Corporation CCL $27.67 $31.36 +13%
Expedia Group EXPE $325.57 $248.63 -24%
Trip.com Group TCOM $45.58 $89.04 +95%
Norwegian Cruise Line Holdings NCLH $18.92 $20.28 +7%
Global Business Travel Group GBTG $9.44 $5.04 -47%
Travel + Leisure Co TNL $74.68 $26.57 -64%

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Frequently asked questions

Is Le Travenues Technology Ltd (IXIGO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹23.76 versus a price of ₹174.03, about −86% (overvalued).
What is the fair value of IXIGO?
Our model-based fair value for Le Travenues Technology Ltd is ₹23.76 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹174.03.
What is the quality score of IXIGO?
Le Travenues Technology Ltd has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Le Travenues Technology Ltd (IXIGO)?
Le Travenues Technology Ltd reported trailing-twelve-month revenue of about ₹12.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of IXIGO?
The net profit margin of Le Travenues Technology Ltd is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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