RateGain Travel Tech Projects 10-12% Organic Growth in FY27, Eyes $1 Billion Revenue by FY30-31
RateGain Travel Tech has outlined FY27 guidance with organic growth of 10-12%, revenue of INR 3,100 crores (65-70% YoY growth), and EBITDA of INR 650-700 crores at a 21.50-22.50% margin. Segment-wise, DAAS is projected to grow 10-14%, Martech 12-15% with SOHO surpassing 30%, and Distribution in mid-single digits. The company targets free cash flow to EBITDA conversion exceeding 75% in FY27 and full debt elimination by FY28, with a long-term $1 billion revenue goal by FY30-31.
Investec Initiates Buy Rating on RateGain Travel Technologies with Target Price of Rs 775
Investec Securities has initiated coverage on RateGain Travel Technologies with a Buy rating and target price of Rs 775. The brokerage highlights the company's differentiated travel-tech DaaS and MarTech platform with integrated capabilities, minimal AI disruption risk, and execution-led moat expansion. The recommendation is supported by attractive valuation compared to Affle India.