Yatra Online (YTRA)
Market Price (11/18/2025): $1.55 | Market Cap: $96.2 MilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
Yatra Online (YTRA)
Market Price (11/18/2025): $1.55Market Cap: $96.2 MilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -1877% | Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -96% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.7% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 118% | Stock price has recently run up significantly6M Rtn6 month market price return is 116% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33% | |
| Attractive yieldFCF Yield is 360% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -1877% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 118% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% |
| Attractive yieldFCF Yield is 360% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -96% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.7% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 116% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33% |
Market Valuation & Key Metrics
YTRA Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points highlighting why Yatra Online (YTRA) stock may have moved by 80% during the approximate time period from July 31, 2025, to November 18, 2025:
1. Significant Revenue Growth: Yatra Online reported substantial year-over-year revenue increases during this period. For the quarter ended June 30, 2025 (Q1 FY26), the company announced a 99.7% year-over-year revenue growth. This was followed by a 48.5% year-over-year revenue increase for the quarter ended September 30, 2025 (Q2 FY26), reaching INR 3,508.7 million (USD 39.5 million).
2. Surging Adjusted EBITDA: The company demonstrated strong operational efficiency with a significant surge in Adjusted EBITDA. Yatra Online reported a 214.4% increase in Adjusted EBITDA for the three months ended June 30, 2025. This positive trend continued with Adjusted EBITDA surging by 217.7% for the quarter ended September 30, 2025, reflecting disciplined cost management and profitable scaling.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| YTRA Return | -39% | -10% | 39% | -32% | -23% | 29% | -49% |
| Peers Return | 6% | 9% | -21% | 41% | -0% | -19% | 3% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| YTRA Win Rate | 58% | 58% | 67% | 33% | 42% | 30% | |
| Peers Win Rate | 52% | 52% | 38% | 62% | 53% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| YTRA Max Drawdown | -82% | -12% | -18% | -40% | -32% | -54% | |
| Peers Max Drawdown | -38% | -20% | -32% | -6% | -27% | -31% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: H, WH, UOKA, BKNG, ABNB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)
How Low Can It Go
| Event | YTRA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.4% | -25.4% |
| % Gain to Breakeven | 105.6% | 34.1% |
| Time to Breakeven | 86 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -85.4% | -33.9% |
| % Gain to Breakeven | 585.7% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -75.2% | -19.8% |
| % Gain to Breakeven | 303.6% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to H, WH, UOKA, BKNG, ABNB
In The Past
Yatra Online's stock fell -51.4% during the 2022 Inflation Shock from a high on 2/8/2021. A -51.4% loss requires a 105.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to YTRA. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | LRN | Stride | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.8% | -7.8% | -7.8% |
| 10312025 | DECK | Deckers Outdoor | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -1.0% | -1.0% | -2.4% |
| 10312025 | ATGE | Adtalem Global Education | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -4.3% | -4.3% | -5.9% |
| 10242025 | GNTX | Gentex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.3% | -5.3% | -5.3% |
| 10172025 | LNW | Light & Wonder | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -6.2% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | LRN | Stride | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.8% | -7.8% | -7.8% |
| 10312025 | DECK | Deckers Outdoor | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -1.0% | -1.0% | -2.4% |
| 10312025 | ATGE | Adtalem Global Education | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -4.3% | -4.3% | -5.9% |
| 10242025 | GNTX | Gentex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.3% | -5.3% | -5.3% |
| 10172025 | LNW | Light & Wonder | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -6.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Yatra Online
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 93.80 |
| Mkt Cap | 14.2 |
| Rev LTM | 9,002 |
| Op Inc LTM | 593 |
| FCF LTM | 362 |
| FCF 3Y Avg | 397 |
| CFO LTM | 362 |
| CFO 3Y Avg | 590 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.2% |
| Rev Chg 3Y Avg | 14.2% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Mgn LTM | 22.6% |
| Op Mgn 3Y Avg | 20.4% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 24.3% |
| CFO/Rev 3Y Avg | 22.0% |
| FCF/Rev LTM | 20.5% |
| FCF/Rev 3Y Avg | 19.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.2 |
| P/S | 3.7 |
| P/EBIT | 18.5 |
| P/E | 15.8 |
| P/CFO | 15.7 |
| Total Yield | 3.7% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 4.4% |
| D/E | 0.4 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.9% |
| 3M Rtn | -6.5% |
| 6M Rtn | 0.6% |
| 12M Rtn | -7.0% |
| 3Y Rtn | 10.7% |
| 1M Excs Rtn | -6.0% |
| 3M Excs Rtn | -10.5% |
| 6M Excs Rtn | -11.2% |
| 12M Excs Rtn | -20.3% |
| 3Y Excs Rtn | -60.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8082025 | 6-K 6/30/2025 |
| 3312025 | 7312025 | 20-F 3/31/2025 |
| 12312024 | 2112025 | 6-K 12/31/2024 |
| 9302024 | 11122024 | 6-K 9/30/2024 |
| 6302024 | 8122024 | 6-K 6/30/2024 |
| 3312024 | 7312024 | 20-F 3/31/2024 |
| 12312023 | 2142024 | 6-K 12/31/2023 |
| 9302023 | 11172023 | 6-K 9/30/2023 |
| 6302023 | 10162023 | 6-K 6/30/2023 |
| 3312023 | 8142023 | 20-F 3/31/2023 |
| 12312022 | 3282023 | 6-K 12/31/2022 |
| 9302022 | 11292022 | 6-K 9/30/2022 |
| 6302022 | 8302022 | 6-K 6/30/2022 |
| 3312022 | 8012022 | 20-F 3/31/2022 |
| 12312021 | 4012022 | 6-K 12/31/2021 |
| 9302021 | 12212021 | 6-K 9/30/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |