Travel stock, Easy Trip Planners has surged by nearly 11% in 1-month, with its latest bonus issue of 1:1 adjusting its price level to below Rs 20. There is potential for more than 20% upside in this travel stock in a time-frame of 1 year, as per the latest consensus. Easy Trip has delivered three bonus rewards to its investors in 2 years,
Easy Trip Planners Share Price:
Currently, the stock price is at Rs 16.67 apiece, with a market cap of Rs 5,907.98 crore. After its bonus issue, the stock's 52-week high and low were adjusted to Rs 27 apiece and Rs 14.21 apiece respectively. Easy Trip's weekly performance is currently 0.4% up, but in a month, the upside is higher by 10.99% on NSE so far.
In its latest development, Easy Trip has announced the expansion of its franchisees, with the launch of its 22nd franchise store on December 11, 2024.
As per the latest filing, the new store is in Bengaluru, Karnataka. This expansion reflects the company's commitment to bridging online convenience with personalised offline travel services under its flagship EaseMyTrip Franchise program. The store has specialised services such as luxury cruise bookings, visa assistance, and curated corporate travel solutions are also available.
The Bengaluru franchise further reinforces EaseMyTrip's ambitious goal of establishing 100 stores by FY25, cementing its leadership in combining online efficiency with offline expertise for an unmatched travel experience.
Easy Trip Planners Bonus Issue Rewards:
On November 29, Easy Trip turned ex-bonus for its bonus issue 1:1 ratio, meaning, it will reward 1 free share on the existing 1 share.
This bonus issue is the third by Easy Trip Planners. Earlier, the company paid the first bonus issue of a 1:1 ratio in February 2022, followed by another 3:1 bonus issue in November 2022, which is the highest bonus by the company.
Buy/Sell/Hold Easy Trip Planners:
As per Trendlyne data, the recommendation on Easy Trip is SELL, however, its EPS is expected to grow by 89.7% in FY25. The 1-year target price on Easy Trip is at Rs 20.50 apiece as of December 13, 2024, hinting at over 23% potential upside.
Among key fundamentals for the stock as per Trendlyne are - Debt to Equity Ratio of 0.02 is less than 1 and healthy, which implies that its assets are financed mainly through equity; Return on Equity(ROE) for the last financial year was 17.05%, in the normal range of 10% to 20%; Mutual Fund Holding increased by 0.09% in the last quarter to 0.17; Interest Coverage Ratio is 38.25, higher than 1.5, which means that it is able to meet its interest payments comfortably with its earnings (EBIT); Promoter Share Holding decreased by 13.92% in the most recent quarter to 50.38%.
About Easy Trip Planners:
EaseMyTrip (a publicly listed company at NSE and BSE) is India's one of largest online travel platform in terms of air ticket bookings, based on the Crisil Report-Assessment of the OTA Industry in India, February 2021. Furthermore, growing at a CAGR of 47% during FY20-24 in profits before tax, it is one of the fastest-growing internet companies. Bootstrapped and profitable since its inception, EaseMyTrip offers 'End to End' travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value-added services.
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