TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of TRAVEL FOOD SERVICES LIMITED ₹1,176, price ₹1,208, upside -2.6%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
15‑month range ₹1,017 – ₹1,429 · fair‑value band ₹722.92 – ₹1,472 · the ₹1,208 price screens above the ₹1,176 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Travel Food Services Limited, together with its subsidiaries, manages and operates travel quick service restaurants (QSRs) and lounge in travel locations in India and internationally. The company owns and operates QSRs, restaurants, bars, cafes, food courts, and banqueting, as well as outdoor catering, and corporate food services.
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Travel Food Services Limited, together with its subsidiaries, manages and operates travel quick service restaurants (QSRs) and lounge in travel locations in India and internationally. The company owns and operates QSRs, restaurants, bars, cafes, food courts, and banqueting, as well as outdoor catering, and corporate food services. It also operates lounges in domestic and international airports. The company was incorporated in 2007 and is based in Mumbai, India. Travel Food Services Limited operates as a subsidiary of Ssp Asia Pacific Holdings Limited.
Stock analysis
TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD) currently trades at ₹1,208, while our model-based Fair Value estimate is ₹1,176, so the stock looks roughly fairly valued today (gap 2.7%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,066 per share, and 2 of the 26 models we run sit above the ₹1,208 price.
Bear case: the Economic Profit group reads lowest at ₹293.68, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹722.92 (bear) to ₹1,472 (bull), the price of ₹1,208 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
TRAVEL FOOD SERVICES LIMITED reported revenue of ₹16.5B in FY2026 versus ₹3.9B in FY2022, a compound +43.5%/yr. Reported net income was ₹4.4B in FY2026, compounding +205.5%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹159B (≈ $1.7B) · P/E ratio 33.5 · P/S ratio 8.98 · EPS (TTM) ₹36.01 · Dividend yield 0.4% · Net margin 26.8% · Return on equity 35.7% · Return on assets (EBIT) 17.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at −3%, TRAVELFOOD screens cheaper than that median.
Fair Value models
Bear ₹722.92Fair Value ₹1,176Bull ₹1,472
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹18.35 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.9%
Dividend (yield on the price)0.4%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 30%
2026 sits 53% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +30.4% a year for the price and +6.1% for the forecasts.
Compare TRAVEL FOOD SERVICES LIMITED with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Restaurants · 205 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−2.6% · Below median
Profitability
Return on equity (TTM)35.7% · Top 25%
Return on assets14.9% · Top 25%
Net margin (TTM)27.6% · Top 25%
Operating margin (TTM)26.6% · Top 25%
Growth and dividend
Revenue growth20.6% · Top 25%
Dividend yield (TTM)0.4% · Bottom 25%
Valuation Multiplesvs Restaurants median · lower = cheaper
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Is TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹1,176 versus a price of ₹1,208, about −3% upside (fairly valued).
What is the fair value of TRAVELFOOD?
Our model-based fair value for TRAVEL FOOD SERVICES LIMITED is ₹1,176 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹1,208.
What is the quality score of TRAVELFOOD?
TRAVEL FOOD SERVICES LIMITED has a Quality Score of 71/100. 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 price target for TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
Our model-based price target is the fair value of ₹1,176 (as of Oct 2, 2026) from 26 valuation models. Cautious scenario ₹722.92, optimistic scenario ₹1,472. It is a calculation from audited fundamentals, not an analyst target.
What is the TRAVEL FOOD SERVICES LIMITED stock forecast for 2026?
Our models put fair value at ₹1,176, about −3% upside versus a price of ₹1,208 (fairly valued). Cautious scenario ₹722.92, optimistic scenario ₹1,472. The calculation is refreshed regularly with new filings.
What is the revenue of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
TRAVEL FOOD SERVICES LIMITED reported trailing-twelve-month revenue of about ₹17.2B (latest available figure, as of Oct 2, 2026).
Does TRAVEL FOOD SERVICES LIMITED pay a dividend?
TRAVEL FOOD SERVICES LIMITED currently shows a dividend yield of about 0.38% relative to its recent price (as of Oct 2, 2026).
What growth is priced into TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
For today's price to be fair in a discounted-cash-flow model, TRAVEL FOOD SERVICES LIMITED would have to grow free cash flow by +35.8 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +43.5 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of TRAVELFOOD use?
Our models discount TRAVEL FOOD SERVICES LIMITED at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TRAVEL FOOD SERVICES LIMITED that is +35.8 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD) delivered so far?
Over the past 4 years revenue at TRAVEL FOOD SERVICES LIMITED grew +43.5 % a year. The price currently implies +35.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD) growing?
The median revenue growth in the sector is +9.9 % a year. That is the yardstick for the growth priced into TRAVEL FOOD SERVICES LIMITED (+35.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The free-cash-flow yield on the price is 2.22 %: that much free cash flow TRAVEL FOOD SERVICES LIMITED produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TRAVEL FOOD SERVICES LIMITED it is ₹1,176 per share (as of Oct 2, 2026), against a price of ₹1,208. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is TRAVEL FOOD SERVICES LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, TRAVELFOOD trades above its calculated fair value: price ₹1,208, fair value ₹1,176, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TRAVELFOOD?
No. The price is what the market pays today (₹1,208); the fair value is what the company's own numbers justify (₹1,176). For TRAVEL FOOD SERVICES LIMITED the two are ₹31.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is TRAVEL FOOD SERVICES LIMITED worth?
The market values TRAVEL FOOD SERVICES LIMITED at about ₹159B (market capitalisation, as of Oct 2, 2026). Per share that is ₹1,208; our models calculate a fair value of ₹1,176 per share.
What do the bullish and bearish scenarios say about TRAVELFOOD?
Our models span a range for TRAVEL FOOD SERVICES LIMITED: cautious scenario ₹722.92, base ₹1,176, optimistic ₹1,472 per share (as of Oct 2, 2026, price ₹1,208). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRAVELFOOD?
TRAVEL FOOD SERVICES LIMITED trades at a price-to-earnings ratio of 33.5 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,176 is built from several models across several years. Other multiples: P/B 11.0, P/S 9.2, EV/EBITDA 23.2.
How solid is the balance sheet of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
Balance-sheet figures for TRAVEL FOOD SERVICES LIMITED (as of Oct 2, 2026): return on equity 35.7%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is TRAVELFOOD from its 52-week high?
TRAVEL FOOD SERVICES LIMITED trades at ₹1,208, about 15% below its 52-week high of ₹1,429 and 16% above the low of ₹1,044 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,176 is for.
Which stocks are comparable to TRAVEL FOOD SERVICES LIMITED?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TRAVEL FOOD SERVICES LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price ₹1,208, calculated fair value ₹1,176 (−3%), Quality Score 71/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TRAVELFOOD calculated?
We run TRAVEL FOOD SERVICES LIMITED through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,176, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. TRAVEL FOOD SERVICES LIMITED itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The closing price on Oct 1, 2026 was ₹1,208. Our model-based fair value is ₹1,176, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TRAVEL FOOD SERVICES LIMITED right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹722.92 to ₹1,472) leaves room in how you read the outcome.
Key figures of TRAVEL FOOD SERVICES LIMITED
How large is the market capitalisation of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The market capitalisation of TRAVEL FOOD SERVICES LIMITED is ₹159B (≈ $1.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The price-to-sales ratio of TRAVEL FOOD SERVICES LIMITED is 8.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
Earnings per share at TRAVEL FOOD SERVICES LIMITED are ₹36.01 (price ÷ EPS = P/E 33.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The dividend yield of TRAVEL FOOD SERVICES LIMITED is 0.4% (payout 12.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The net margin of TRAVEL FOOD SERVICES LIMITED is 26.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The return on equity (ROE) of TRAVEL FOOD SERVICES LIMITED is 35.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
On an EBIT basis the return on assets of TRAVEL FOOD SERVICES LIMITED is 17.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
The operating margin of TRAVEL FOOD SERVICES LIMITED is 26.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
Revenue at TRAVEL FOOD SERVICES LIMITED is growing +20.6% versus a year earlier (3y avg +15.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD)?
Earnings per share at TRAVEL FOOD SERVICES LIMITED are growing +38.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TRAVEL FOOD SERVICES LIMITED (TRAVELFOOD) carry?
The net debt of TRAVEL FOOD SERVICES LIMITED is ₹366M (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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