Nifty

:

25727.55

Sensex

:

83739.13

639.15 (2.55%)
2072.67 (2.54%)

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Nifty
Sensex

:
:

25727.55
83739.13

639.15 (2.55%)
2072.67 (2.54%)

TBO Tek Ltd.

Travel Services

Rating :

70/99

BSE: 544174 | NSE: TBOTEK

Watchlist

NSE BSE

1462.90

03-Feb-2026

Open
High
Low
Previous Close

1429.9
1467
1394.8
1397.70

Volume
Traded Value (lacs)
52 Week High
52 Week Low

74163
107334709.3
1764.8
996

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

15,892.91
63.10
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

14,565.56
N/A
10.90

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
65.06
17.74

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
-
7.51

PAT CAGR (%)

10 Years
5 Years
3 Years

-
43.62
16.81

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
-

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-

Earnings Forecasts:

(Updated: 31-01-2026)

Description 2024 2025 2026 2027
Adj EPS 21.73 24.84 37.45 49.27
P/E Ratio 64.32 56.27 37.32 28.37
Revenue 1737.47 2628.46 3468.5 4006.8
EBITDA 300.91 382.98 547.04 680.07
Net Income 229.89 258.83 395.76 517.61
ROA 4.15 3.5 3.9 4
P/B Ratio 12.70 10.27 7.99 6.20
ROE 26.43 22.7 30.33 28.57
FCFF 317.65 436.55 456.46 574.48
FCFF Yield 2.24 3.08 3.22 4.06
Net Debt -1241.37 469.7 453.9 485.2
BVPS 110.05 136.05 174.94 225.59

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 144.25 141.94 1.63% 148.75 154.37 -3.64% 146.04 137.79 5.99% 133.59 0.00 0
Expenses 135.29 126.77 6.72% 129.34 126.96 1.87% 136.60 122.22 11.77% 124.89 0.00 0
EBITDA 8.96 15.17 -40.94% 19.41 27.41 -29.19% 9.44 15.57 -39.37% 8.70 0.00 0
EBIDTM 6.21% 10.69% 13.05% 17.75% 6.46% 11.30% 6.51% 0.00%
Other Income 11.51 8.36 37.68% 9.06 10.32 -12.21% 11.40 6.84 66.67% 12.48 0.00 0
Interest 2.21 1.78 24.16% 1.65 1.98 -16.67% 1.72 2.41 -28.63% 1.74 0.00 0
Depreciation 4.85 4.14 17.15% 4.19 4.40 -4.77% 4.20 5.35 -21.50% 4.23 0.00 0
PBT 13.35 17.61 -24.19% 21.66 31.35 -30.91% 13.81 7.95 73.71% 15.22 0.00 0
Tax 3.51 4.04 -13.12% 5.54 8.05 -31.18% 5.21 2.17 140.09% 3.86 0.00 0
PAT 9.84 13.57 -27.49% 16.11 23.30 -30.86% 8.60 5.78 48.79% 11.36 0.00 0
PATM 6.82% 9.56% 10.83% 15.09% 5.89% 4.19% 8.50% 0.00%
EPS 0.91 1.25 -27.20% 1.48 2.15 -31.16% 0.79 0.53 49.06% 1.05 0.00 0

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 567.51 450.69 25.92% 511.28 418.46 22.18% 446.13 369.07 20.88% 422.19 0.00 0
Expenses 479.45 367.79 30.36% 437.21 339.82 28.66% 381.41 304.57 25.23% 366.90 0.00 0
EBITDA 88.06 82.91 6.21% 74.07 78.64 -5.81% 64.72 64.50 0.34% 55.29 0.00 0
EBIDTM 15.52% 18.39% 14.49% 18.79% 14.51% 17.48% 13.10% 0.00%
Other Income 15.19 7.03 116.07% 12.73 15.45 -17.61% 16.41 7.92 107.20% 16.57 0.00 0
Interest 8.87 5.95 49.08% 5.26 6.22 -15.43% 5.39 4.12 30.83% 5.71 0.00 0
Depreciation 16.15 12.71 27.07% 13.96 12.36 12.94% 13.89 15.01 -7.46% 12.93 0.00 0
PBT 78.23 71.27 9.77% 75.31 75.52 -0.28% 70.84 53.29 32.93% 56.94 0.00 0
Tax 10.68 11.19 -4.56% 12.34 14.60 -15.48% 11.93 6.89 73.15% 6.97 0.00 0
PAT 67.55 60.09 12.41% 62.97 60.92 3.37% 58.91 46.39 26.99% 49.98 0.00 0
PATM 11.90% 13.33% 12.32% 14.56% 13.20% 12.57% 11.84% 0.00%
EPS 6.22 5.53 12.48% 5.80 5.61 3.39% 5.42 4.47 21.25% 4.60 0.00 0

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 21
Net Sales - 575.94 538.96 475.96 102.17 Net Sales Growth - 6.86% 13.24% 365.85% Cost Of Goods Sold - 0.00 0.00 0.00 0.00 Gross Profit - 575.94 538.96 475.96 102.17 GP Margin - 100% 100% 100% 100% Total Expenditure - 510.67 450.08 386.38 103.88 Power & Fuel Cost - 1.28 1.15 1.07 0.47 % Of Sales - 0.22% 0.21% 0.22% 0.46% Employee Cost - 220.25 166.00 143.83 44.76 % Of Sales - 38.24% 30.80% 30.22% 43.81% Manufacturing Exp. - 211.85 224.55 164.35 40.15 % Of Sales - 36.78% 41.66% 34.53% 39.30% General & Admin Exp. - 56.02 43.73 56.11 11.23 % Of Sales - 9.73% 8.11% 11.79% 10.99% Selling & Distn. Exp. - 6.35 5.67 6.96 0.47 % Of Sales - 1.10% 1.05% 1.46% 0.46% Miscellaneous Exp. - 14.92 8.97 14.05 6.79 % Of Sales - 2.59% 1.66% 2.95% 6.65% EBITDA - 65.27 88.88 89.58 -1.71 EBITDA Margin - 11.33% 16.49% 18.82% -1.67% Other Income - 42.42 21.12 10.87 27.48 Interest - 11.63 12.58 10.78 1.59 Depreciation - 16.98 19.40 19.82 10.68 PBT - 79.09 78.03 69.86 13.51 Tax - 21.16 16.04 18.16 4.21 Tax Rate - 27.14% 25.37% 25.99% 31.16% PAT - 56.82 47.18 51.70 9.30 PAT before Minority Interest - 56.82 47.18 51.70 9.30 Minority Interest - 0.00 0.00 0.00 0.00 PAT Margin - 9.87% 8.75% 10.86% 9.10% PAT Growth - 20.43% -8.74% 455.91% EPS - 5.23 4.34 4.76 0.86

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Net Sales - 1,737.47 1,392.82 1,064.59 483.27 141.81 570.79 Net Sales Growth - 24.74% 30.83% 120.29% 240.79% -75.16% Cost Of Goods Sold - 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit - 1,737.47 1,392.82 1,064.59 483.27 141.81 570.79 GP Margin - 100% 100% 100% 100% 100% 100% Total Expenditure - 1,452.65 1,131.73 866.29 448.14 163.22 483.52 Power & Fuel Cost - 1.40 1.31 1.15 0.61 0.49 0.68 % Of Sales - 0.08% 0.09% 0.11% 0.13% 0.35% 0.12% Employee Cost - 376.09 277.34 228.40 133.07 59.59 100.50 % Of Sales - 21.65% 19.91% 21.45% 27.54% 42.02% 17.61% Manufacturing Exp. - 675.72 470.73 331.95 196.69 35.97 249.64 % Of Sales - 38.89% 33.80% 31.18% 40.70% 25.36% 43.74% General & Admin Exp. - 300.60 325.63 257.02 99.71 54.53 101.59 % Of Sales - 17.30% 23.38% 24.14% 20.63% 38.45% 17.80% Selling & Distn. Exp. - 34.66 29.84 29.45 5.30 1.41 12.70 % Of Sales - 1.99% 2.14% 2.77% 1.10% 0.99% 2.22% Miscellaneous Exp. - 64.18 26.87 18.32 12.86 11.85 19.57 % Of Sales - 3.69% 1.93% 1.72% 2.66% 8.36% 3.43% EBITDA - 284.82 261.09 198.30 35.13 -21.41 87.27 EBITDA Margin - 16.39% 18.75% 18.63% 7.27% -15.10% 15.29% Other Income - 61.83 28.28 21.18 28.66 34.74 17.55 Interest - 32.91 19.09 14.24 6.64 2.47 4.79 Depreciation - 51.88 36.16 33.89 15.68 11.12 11.85 PBT - 261.86 234.11 171.35 41.46 -0.26 88.17 Tax - 44.68 26.34 25.70 12.32 4.61 15.25 Tax Rate - 16.27% 11.61% 14.75% 24.98% -15.61% 17.30% PAT - 229.89 202.14 144.25 33.72 -34.14 72.93 PAT before Minority Interest - 229.89 200.57 148.49 33.72 -34.14 72.93 Minority Interest - 0.00 1.57 -4.24 0.00 0.00 0.00 PAT Margin - 13.23% 14.51% 13.55% 6.98% -24.07% 12.78% PAT Growth - 13.73% 40.13% 327.79% - - EPS - 21.17 18.61 13.28 3.10 -3.14 6.72

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 21
Shareholder's Funds 785.56 315.51 258.61 179.43 Share Capital 10.86 10.42 10.42 1.90 Total Reserves 739.88 292.80 242.81 177.54 Non-Current Liabilities 56.19 57.63 53.48 11.67 Secured Loans 0.00 0.00 0.00 0.00 Unsecured Loans 0.93 1.49 2.93 0.00 Long Term Provisions 12.03 8.98 7.20 5.25 Current Liabilities 680.46 654.65 566.64 248.88 Trade Payables 397.93 379.90 301.03 69.09 Other Current Liabilities 151.66 166.26 175.62 128.81 Short Term Borrowings 0.00 0.00 0.00 0.00 Short Term Provisions 130.87 108.49 89.99 50.98 Total Liabilities 1,522.21 1,027.79 878.73 439.98 Net Block 72.02 80.70 72.13 20.78 Gross Block 153.05 145.50 117.69 41.88 Accumulated Depreciation 81.02 64.80 45.56 21.11 Non Current Assets 200.36 104.29 102.19 43.53 Capital Work in Progress 4.09 1.54 0.00 0.46 Non Current Investment 17.62 17.62 16.12 16.12 Long Term Loans & Adv. 105.95 3.81 13.03 0.85 Other Non Current Assets 0.67 0.62 0.92 5.32 Current Assets 1,321.85 923.50 776.54 396.44 Current Investments 0.00 0.00 0.20 0.12 Inventories 0.00 0.00 0.00 0.00 Sundry Debtors 408.62 350.35 309.69 47.67 Cash & Bank 710.35 355.68 277.33 232.44 Other Current Assets 202.88 50.18 40.49 24.84 Short Term Loans & Adv. 182.26 167.29 148.83 91.37 Net Current Assets 641.39 268.85 209.90 147.57 Total Assets 1,522.21 1,027.79 878.73 439.97

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Shareholder's Funds 1,195.06 544.81 340.29 231.90 204.07 240.34 Share Capital 10.86 10.42 10.42 10.42 1.90 1.90 Total Reserves 1,149.47 522.11 324.50 221.14 202.18 238.44 Non-Current Liabilities 167.36 244.23 64.18 60.66 14.13 31.30 Secured Loans 89.22 133.59 0.00 0.00 0.00 0.00 Unsecured Loans 0.93 1.49 5.62 2.69 0.00 0.00 Long Term Provisions 17.56 13.76 10.89 8.44 7.59 6.87 Current Liabilities 4,961.92 4,157.33 2,220.96 1,035.16 402.83 570.81 Trade Payables 4,321.21 3,603.32 1,802.96 727.34 173.19 285.48 Other Current Liabilities 438.10 431.76 324.71 238.13 176.38 230.60 Short Term Borrowings 46.24 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 156.38 122.25 93.29 69.69 53.26 54.73 Total Liabilities 6,324.34 4,946.37 2,622.34 1,327.72 621.03 842.45 Net Block 345.40 348.98 135.89 92.17 22.72 34.80 Gross Block 490.44 443.65 193.73 124.42 44.65 46.60 Accumulated Depreciation 145.05 94.67 57.84 32.26 21.94 11.79 Non Current Assets 399.89 369.45 140.01 97.61 37.53 39.17 Capital Work in Progress 38.91 13.87 0.00 0.17 8.60 3.53 Non Current Investment 2.03 2.03 0.03 0.08 0.03 0.02 Long Term Loans & Adv. 11.89 3.83 3.01 5.19 0.86 0.82 Other Non Current Assets 1.66 0.73 1.08 0.00 5.32 0.00 Current Assets 5,924.45 4,576.91 2,482.31 1,230.11 583.49 803.28 Current Investments 170.48 0.00 0.20 0.14 0.12 0.10 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 4,061.30 3,306.70 1,566.16 531.09 120.20 303.34 Cash & Bank 1,285.06 854.08 661.29 504.27 332.36 288.17 Other Current Assets 407.60 79.41 60.98 18.49 130.80 211.67 Short Term Loans & Adv. 362.37 336.71 193.69 176.11 127.00 201.30 Net Current Assets 962.52 419.58 261.36 194.96 180.66 232.47 Total Assets 6,324.34 4,946.36 2,622.32 1,327.72 621.02 842.45

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 21
Cash From Operating Activity 54.58 99.03 30.82 42.66 PBT 77.99 63.22 69.86 13.51 Adjustment 11.03 30.91 24.00 -8.15 Changes in Working Capital -14.77 29.55 -45.16 40.69 Cash after chg. in Working capital 74.25 123.68 48.71 46.05 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -19.67 -24.65 -17.88 -3.39 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -295.42 -22.79 1.81 -26.53 Net Fixed Assets -10.10 -29.35 -75.35 Net Investments 0.00 -1.30 -0.08 Others -285.32 7.86 77.24 Cash from Financing Activity 378.28 -12.70 -12.96 -5.06 Net Cash Inflow / Outflow 137.45 63.54 19.67 11.07 Opening Cash & Equivalents 278.05 214.51 194.84 160.17 Closing Cash & Equivalent 415.50 278.05 214.51 171.24

Description Mar 25 Mar 24 Mar 23 Mar 21
Cash From Operating Activity 288.80 226.50 237.40 49.65 PBT 274.57 226.91 174.19 -29.53 Adjustment 57.77 41.30 30.20 -11.91 Changes in Working Capital -12.30 -15.24 55.80 94.96 Cash after chg. in Working capital 320.05 252.98 260.20 53.52 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -31.24 -26.48 -22.80 -3.87 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -440.89 -157.28 -106.17 -25.94 Net Fixed Assets -10.10 -29.35 -75.35 Net Investments 0.00 -1.30 -0.08 Others -430.79 -126.63 -30.74 Cash from Financing Activity 364.78 115.29 -14.05 -5.11 Net Cash Inflow / Outflow 212.69 184.51 117.17 18.60 Opening Cash & Equivalents 751.49 563.39 424.89 252.19 Closing Cash & Equivalent 961.70 751.49 563.39 269.10

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 21
Book Value (Rs.) 69.13 29.09 24.29 17.22 ROA 4.46% 4.95% 6.50% 1.91% ROE 10.78% 16.96% 22.72% 5.33% ROCE 16.24% 26.20% 34.57% 8.65% Fixed Asset Turnover 3.86 4.10 4.22 2.34 Receivable days 240.50 223.50 197.40 360.23 Inventory Days 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 Cash Conversion Cycle 240.50 223.50 197.40 360.23 Total Debt/Equity 0.00 0.00 0.01 0.00 Interest Cover 7.71 6.02 7.48 9.50

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Book Value (Rs.) 106.85 51.09 32.13 22.21 19.58 1268.27 ROA 4.08% 5.30% 7.52% 3.46% -4.67% 8.56% ROE 27.16% 46.24% 52.42% 15.48% -15.37% 36.35% ROCE 30.58% 47.93% 64.84% 24.02% -12.18% 46.33% Fixed Asset Turnover 3.72 4.37 6.69 5.72 3.11 11.92 Receivable days 773.92 638.49 359.53 245.95 545.09 218.41 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 0.00 Cash Conversion Cycle 773.92 638.49 359.53 245.95 545.09 218.41 Total Debt/Equity 0.12 0.25 0.02 0.01 0.00 0.00 Interest Cover 9.34 12.88 13.24 7.93 -10.97 19.39

Top Investors:

general atlantic singapore tbo pte. ltd

augusta tbo (singapore) pte. ltd

sbi technology opportunities fund

nippon life india trustee ltd-a/c nippon india smallcap fund

tbo korea holdings limited

icici prudential elss tax saver fund

government pension fund global

tbo employees benefit trust

canara robeco mutual fund a/c canara robeco smallcap fund

the master trust bank of japan, ltd as trustee of hsbc india infrastructure equity mother fund

Annual Reports:

News Update:

TBO Tek - Quarterly Results
4th Nov 2025, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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