Yatra Online, Inc. (YTRA) AI Stock Analysis

Yatra Online, Inc. operates as an online travel company serving customers in India and globally. Headquartered in Gurugram, India, the company provides travel services across its Air Ticketing, Hotels and Packages, and Other Services segments. Its offerings include domestic and international air ticketing, hotel reservations, homestays, holiday packages, bus and rail ticketing, cab bookings, and ancillary travel services. The company connects leisure and business travelers through platforms like its flagship website www.yatra.com and mobile applications including Yatra, Yatra Web Check-In, and Yatra Corporate. It also offers tours, sightseeing, event bookings, and travel vouchers.

Revenue expanded from $1.99B in FY2022 to $3.83B in FY2023, $4.19B in FY2024, $7.95B in FY2025, and $10.60B in FY2026, delivering a 5-year revenue CAGR of 52.8%. Gross margin compressed over this timeframe from 92.0% in FY2022 to 23.8% in FY2026. Operating margin was -21.7% in FY2022 and stood at -1.7% in FY2026. Net income was -$477.9M in FY2022 and -$233.6M in FY2026, though EPS reached $0.99 in FY2026. For the trailing twelve months, revenue was $9.85B with an operating margin of 3.0% and a profit margin of -2.5%. In the latest quarter ended June 30, 2026, revenue fell 10.4% year-over-year, while quarterly earnings fell 37.0%.

As of June 30, 2026, Yatra Online held $2.18B in cash and short-term investments against $1.54B in total debt, yielding net cash of $632.1M. Shareholders' equity was $5.58B, and total assets were $13.46B. The company maintained liquidity with a current ratio of 2.24 and a debt-to-equity ratio of 0.28. In FY2026, operating cash flow turned positive at $614.8M, generating free cash flow of $210.7M alongside capital expenditures of $614.8M. Over 5 years, share count increased 2.5%.

Yatra Online trades at a forward P/E of 55.6x, compared to the median of 14.1x for its US-listed Consumer Cyclical peers. Its EV/EBITDA stands at 13.1x versus the peer median of 11.1x, while its EV/revenue is 0.6x and price-to-book is 1.2x. The price-to-sales ratio is 0.0x compared to the peer median of 0.7x. Over the past year, the stock fell 44.1%, while the S&P 500 returned 16.8%. Over five years, the stock dropped 52.3% against an 83.0% gain for the S&P 500.

Analysts have a mean price target of $2.82 for Yatra Online, which represents an upside of 197.3% over its last close of $0.95 on October 16, 2026. For the current fiscal year ending March 31, 2027, the EPS estimate is $8.68, while the revenue estimate is $0. The revenue estimate for the next fiscal year is also $0. Over the last 4 quarters, the company beat EPS estimates 2 times. The next earnings date is November 11, 2026.

This page is an AI-written research summary of Yatra Online, Inc. (YTRA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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