Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

E-Commerce - Platform - Travel Stocks in India

E-Commerce - Platform - Travel: Thomas Cook (India) Ltd owns the largest revenue base; Le Travenues Technology Ltd has the fastest current growth.

01 · the index people search for

Nifty E-Commerce - Platform - Travel Index — Constituents & Performance

The E-Commerce - Platform - Travel companies below are the listed Indian E-Commerce - Platform - Travel universe this page tracks — the same constituent set people search for as the Nifty E-Commerce - Platform - Travel index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has E-Commerce - Platform - Travel moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 33% behind NIFTY 500. Earnings across its companies fell 11% on average over the last four reported quarters.

TURNING · ahead 1w~Price down, no fundamental support2 of 4 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑1w · 0/4 >200d (−1) · 2/4 lead (+0) · EPS 2/4↑

20050020262025202420232022 324333 TRAILING 12-MONTH EPS · 100 AT THE START0100111Mar 24Sep 24Mar 25Sep 25Mar 26Dec 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingMar 2024 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 3 reportingJun 2024 · trailing 12-month earnings per share at 111, against 100 at the start · no comparable year yet · 3 reportingSep 2024 · trailing 12-month earnings per share at 90, against 100 at the start · up 36.8% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 69, against 100 at the start · down 1.6% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 79, against 100 at the start · down 1.8% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 23.9% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 63, against 100 at the start · down 19.8% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 71, against 100 at the start · up 0.8% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 86, against 100 at the start · down 2.4% on a year ago · 3 reportingSep 2023 · too few reporting — 2 of the E-Commerce - Platform - Travel filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two86 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 324333 TRAILING 12-MONTH EPS · 100 AT THE START0100111Mar 24Mar 25Mar 26Dec 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingMar 2024 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 3 reportingJun 2024 · trailing 12-month earnings per share at 111, against 100 at the start · no comparable year yet · 3 reportingSep 2024 · trailing 12-month earnings per share at 90, against 100 at the start · up 36.8% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 69, against 100 at the start · down 1.6% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 79, against 100 at the start · down 1.8% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 23.9% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 63, against 100 at the start · down 19.8% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 71, against 100 at the start · up 0.8% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 86, against 100 at the start · down 2.4% on a year ago · 3 reportingSep 2023 · too few reporting — 2 of the E-Commerce - Platform - Travel filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two86No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
E-Commerce - Platform - Travel, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is E-Commerce - Platform - Travel outperforming NIFTY 500?

E-Commerce - Platform - Travel has underperformed NIFTY 500 by 28.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 2.6%. 0 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Le Travenues Technology Ltd is the strongest against the sector itself at +7.4%.

+2.6%Sector vs NIFTY 500 · 13 weeks
-28.3%Sector vs NIFTY 500 · 52 weeks
0/4Stocks leading NIFTY 500
1/4Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

E-Commerce - Platform - Travel has underperformed NIFTY 500 by 28.3% over 52 weeks and 2.6% over 13 weeks. 0 of 4 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself. Thomas Cook (India) Ltd leads with revenue of ₹8,399 crore, based on 4 of 4 comparable companies through Mar 2026.

Companies
4
complete canonical membership
Combined market value
₹17.9K Cr
Le Travenues Technology Ltd
Revenue growing
3/4
positive TTM year-on-year growth
Beating NIFTY 500
0/4
positive Mansfield relative strength
Comparing 4 of 4
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Yatra Online Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 71% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Yatra Online LtdYATRA 48.4/100Mixed-negative evidence71% evidence ASLEEP 24.3/35 Revenue 27.2% · PAT 28% · OPM change -2 pp 95% evidence 8.3/25 ROCE 7.2% · OPM 5.8% 95% evidence 10.0/20 P/E 33.2× · PEG — 0% evidence 5.8/20 RS sector -1.8% · RS bench -22.1% · 1Y 13.1%0 of 10 weeks ahead 70% evidence
Exact sum: 24.3 + 8.3 + 10 + 5.8 = 48.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -1.8% and the one-year return is 13.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Le Travenues Technology LtdIXIGO 37.8/100Mixed-negative evidence84% evidence TURNING 14.6/35 Revenue 34% · PAT 18% · OPM change -2 pp 100% evidence 6.2/25 ROCE 6.8% · OPM 6% 100% evidence 5.0/20 P/E 117× · PEG 9.43 50% evidence 12.0/20 RS sector 7.4% · RS bench -12.8% · 1Y -10.1%3 of 10 weeks ahead 70% evidence
Exact sum: 14.6 + 6.2 + 5 + 12 = 37.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Thomas Cook (India) LtdTHOMASCOOK 33.4/100Adverse evidence73% evidence TURNING 6.2/35 Revenue 3.2% · PAT -14.3% · OPM change -0.6 pp 95% evidence 11.8/25 ROCE 14.8% · OPM 4.4% 76% evidence 12.4/20 P/E 22× · PEG — 35% evidence 3.0/20 RS sector -17.1% · RS bench -19.3% · 1Y -38.8%3 of 10 weeks ahead 70% evidence
Exact sum: 6.2 + 11.8 + 12.4 + 3 = 33.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Easy Trip Planners LtdEASEMYTRIP 19.7/100Adverse evidence66% evidence ASLEEP 2.1/35 Revenue -8.8% · PAT -80% · OPM change -26 pp 95% evidence 4.6/25 ROCE 0.6% · OPM -16% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 3.0/20 RS sector -12.5% · RS bench -14.8% · 1Y -36%3 of 10 weeks ahead 70% evidence
Exact sum: 2.1 + 4.6 + 10 + 3 = 19.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Yatra Online Ltd has the strongest one-year price move in E-Commerce - Platform - Travel at +13.1%. Le Travenues Technology Ltd leads on Mansfield relative strength against NIFTY at -12.8%. 0 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Thomas Cook (India) Ltd has the highest Revenue among the 4 E-Commerce - Platform - Travel companies compared here, at ₹8,399 crore. Le Travenues Technology Ltd is next at ₹1,225 crore. Le Travenues Technology Ltd has the highest Revenue growth at 34%, so level and change sit with different companies.

What the numbers say: Thomas Cook (India) Ltd is the scale leader at ₹8,399 crore, 585.6% ahead of Le Travenues Technology Ltd. Le Travenues Technology Ltd's growth is 34% from a ₹1,225 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderThomas Cook (India) Ltd · ₹8,399 crore
Gap585.6% versus #2 · Le Travenues Technology Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 57 observations

Investor read: Thomas Cook (India) Ltd is the scale benchmark; Le Travenues Technology Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Thomas Cook (India) Ltd's growth falls below Le Travenues Technology Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Thomas Cook (India) Ltd THOMASCOOK₹8.4K Cr
3Yatra Online Ltd YATRA⚠ unverified₹1.0K Cr
4Easy Trip Planners Ltd EASEMYTRIP₹536 Cr
Revenue growthfastest growers
2Yatra Online Ltd YATRA⚠ unverified27%
3Thomas Cook (India) Ltd THOMASCOOK3.2%
4Easy Trip Planners Ltd EASEMYTRIP-8.8%
Revenue · company comparison
4/4 level · 4/4 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Thomas Cook (India) Ltd THOMASCOOK₹1.8K Cr-10%Mar 2026
Le Travenues Technology Ltd IXIGO₹308 Cr8.5%Mar 2026
Yatra Online Ltd YATRA⚠ unverified₹189 Cr-14%Mar 2026
Easy Trip Planners Ltd EASEMYTRIP₹152 Cr9.4%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

₹136 Cr
₹117 Cr
₹124 Cr
₹142 Cr
₹161 Cr
₹164 Cr
₹153 Cr
₹145 Cr
₹151 Cr
₹139 Cr
₹114 Cr
₹118 Cr
₹152 Cr
₹152 Cr

Le Travenues Technology Ltd · IXIGO

₹56 Cr
₹119 Cr
₹137 Cr
₹157 Cr
₹164 Cr
₹171 Cr
₹165 Cr
₹182 Cr
₹206 Cr
₹242 Cr
₹284 Cr
₹314 Cr
₹283 Cr
₹320 Cr
₹308 Cr

Thomas Cook (India) Ltd · THOMASCOOK

₹1.5K Cr
₹1.3K Cr
₹1.9K Cr
₹1.8K Cr
₹1.9K Cr
₹1.7K Cr
₹2.1K Cr
₹2.0K Cr
₹2.1K Cr
₹2.0K Cr
₹2.4K Cr
₹2.1K Cr
₹2.1K Cr
₹1.8K Cr

Yatra Online Ltd · YATRA⚠ unverified

₹90 Cr
₹119 Cr
₹110 Cr
₹94 Cr
₹110 Cr
₹108 Cr
₹101 Cr
₹236 Cr
₹235 Cr
₹219 Cr
₹210 Cr
₹351 Cr
₹257 Cr
₹189 Cr

Revenue growth · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

18%
40%
23%
2.1%
-6.2%
-15%
-25%
-19%
0.7%
9.4%

Le Travenues Technology Ltd · IXIGO

113%
32%
20%
16%
26%
42%
72%
73%
37%
32%
8.5%

Thomas Cook (India) Ltd · THOMASCOOK

23%
27%
11%
8.7%
8.9%
18%
14%
3.5%
4.1%
-10%

Yatra Online Ltd · YATRA⚠ unverified

23%
-9.6%
-8.5%
151%
113%
103%
108%
48%
9.2%
-14%
07 · compare level, then change

Operating Economics & Margin Trend

Le Travenues Technology Ltd has the highest OPM among the 4 E-Commerce - Platform - Travel companies compared here, at 6%. Yatra Online Ltd is next at 5.8%. Thomas Cook (India) Ltd has the highest Margin change at -0.6 percentage points, so level and change sit with different companies. Its OPM series carries 15 reported observations across the 20-quarter window.

What the numbers say: Le Travenues Technology Ltd leads opm at 6%; Thomas Cook (India) Ltd leads margin change at -0.6 percentage points.

LeaderLe Travenues Technology Ltd · 6%
Gap4.2% versus #2 · Yatra Online Ltd
Persistence2/8 recent comparable periods
Coverage4/4 companies · 71 observations

Investor read: Le Travenues Technology Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2Yatra Online Ltd YATRA⚠ unverified5.8%
3Thomas Cook (India) Ltd THOMASCOOK4.4%
4Easy Trip Planners Ltd EASEMYTRIP-16%
Margin changefastest expanders
1Thomas Cook (India) Ltd THOMASCOOK−0.6 pp
3Yatra Online Ltd YATRA⚠ unverified−2.0 pp
4Easy Trip Planners Ltd EASEMYTRIP−26.0 pp
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Le Travenues Technology Ltd IXIGO6.0%−2.0 ppMar 2026
Yatra Online Ltd YATRA⚠ unverified5.8%−2.0 ppMar 2026
Thomas Cook (India) Ltd THOMASCOOK4.4%−0.6 ppMar 2026
Easy Trip Planners Ltd EASEMYTRIP-16%−26.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

57%
60%
60%
48%
47%
34%
41%
36%
28%
46%
38%
30%
31%
26%
32%
10%
0.3%
2.7%
2.8%
-16%

Le Travenues Technology Ltd · IXIGO

-4.6%
-0.1%
10%
6.0%
0.0%
9.0%
8.0%
8.0%
8.0%
8.0%
8.0%
7.0%
-1.8%
7.0%
6.0%

Thomas Cook (India) Ltd · THOMASCOOK

-38%
-25%
1.5%
-1.4%
3.7%
3.4%
4.0%
2.8%
7.0%
6.0%
6.0%
5.0%
6.0%
6.0%
6.0%
5.0%
5.0%
5.0%
5.0%
4.4%

Yatra Online Ltd · YATRA⚠ unverified

13%
4.6%
2.7%
16%
15%
-9.0%
3.3%
3.3%
4.6%
3.9%
5.8%
7.8%
11%
6.8%
8.8%
5.8%

Margin change · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

+189.9 pp
+87.7 pp
−1.8 pp
−14.0 pp
−9.3 pp
−25.8 pp
−19.0 pp
−12.3 pp
−19.5 pp
+12.2 pp
−2.6 pp
−6.0 pp
+3.0 pp
−20.0 pp
−6.0 pp
−20.0 pp
−30.7 pp
−23.3 pp
−29.2 pp
−26.0 pp

Le Travenues Technology Ltd · IXIGO

+4.5 pp
+6.1 pp
−2.0 pp
+2.0 pp
+8.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−9.8 pp
−1.0 pp
−2.0 pp

Thomas Cook (India) Ltd · THOMASCOOK

+110.6 pp
+55.5 pp
+32.6 pp
+15.3 pp
+41.4 pp
+28.4 pp
+2.5 pp
+4.2 pp
+3.3 pp
+2.6 pp
+2.0 pp
+2.2 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
−0.6 pp

Yatra Online Ltd · YATRA⚠ unverified

+1.2 pp
−13.6 pp
+0.6 pp
−12.3 pp
−10.0 pp
+12.9 pp
+2.5 pp
+4.5 pp
+6.5 pp
+2.9 pp
+3.0 pp
−2.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Thomas Cook (India) Ltd has the highest Net profit among the 4 E-Commerce - Platform - Travel companies compared here, at ₹221 crore. Le Travenues Technology Ltd is next at ₹72 crore. Yatra Online Ltd has the highest Profit growth at 28%, so level and change sit with different companies.

What the numbers say: Thomas Cook (India) Ltd leads with ₹221 crore of TTM profit, 206.9% above Le Travenues Technology Ltd. Yatra Online Ltd shows 28% growth from a ₹47 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderThomas Cook (India) Ltd · ₹221 crore
Gap206.9% versus #2 · Le Travenues Technology Ltd
Persistence4/8 recent comparable periods
Coverage4/4 companies · 57 observations

Investor read: Thomas Cook (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Thomas Cook (India) Ltd THOMASCOOK₹221 Cr
3Yatra Online Ltd YATRA⚠ unverified₹47 Cr
4Easy Trip Planners Ltd EASEMYTRIP₹-48 Cr
Profit growthfastest growers
1Yatra Online Ltd YATRA⚠ unverified28%
3Thomas Cook (India) Ltd THOMASCOOK-14%
4Easy Trip Planners Ltd EASEMYTRIP-80%
Net profit · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Le Travenues Technology Ltd IXIGO₹32 Cr88%Mar 2026
Thomas Cook (India) Ltd THOMASCOOK₹31 Cr-53%Mar 2026
Yatra Online Ltd YATRA⚠ unverified₹8 Cr-46%Mar 2026
Easy Trip Planners Ltd EASEMYTRIP₹-15 Cr-207%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

₹42 Cr
₹31 Cr
₹26 Cr
₹47 Cr
₹46 Cr
₹-15 Cr
₹34 Cr
₹27 Cr
₹34 Cr
₹14 Cr
₹0 Cr
₹-36 Cr
₹3 Cr
₹-15 Cr

Le Travenues Technology Ltd · IXIGO

₹-4 Cr
₹8 Cr
₹5 Cr
₹8 Cr
₹27 Cr
₹31 Cr
₹7 Cr
₹15 Cr
₹13 Cr
₹16 Cr
₹17 Cr
₹19 Cr
₹-3 Cr
₹24 Cr
₹32 Cr

Thomas Cook (India) Ltd · THOMASCOOK

₹27 Cr
₹-10 Cr
₹71 Cr
₹51 Cr
₹91 Cr
₹58 Cr
₹73 Cr
₹72 Cr
₹47 Cr
₹66 Cr
₹74 Cr
₹71 Cr
₹45 Cr
₹31 Cr

Yatra Online Ltd · YATRA⚠ unverified

₹-6 Cr
₹9 Cr
₹6 Cr
₹-17 Cr
₹1 Cr
₹6 Cr
₹4 Cr
₹7 Cr
₹10 Cr
₹15 Cr
₹16 Cr
₹14 Cr
₹8 Cr
₹8 Cr

Profit growth · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

10%
-148%
31%
-43%
-26%
-100%
-233%
-91%
-207%

Le Travenues Technology Ltd · IXIGO

0.0%
40%
88%
-52%
-48%
143%
27%
-123%
50%
88%

Thomas Cook (India) Ltd · THOMASCOOK

237%
2.8%
41%
-48%
14%
1.4%
-1.4%
-4.3%
-53%

Yatra Online Ltd · YATRA⚠ unverified

-38%
-33%
844%
173%
296%
96%
-17%
-46%
09 · compare level, then change

Return On Capital Employed

Thomas Cook (India) Ltd has the highest ROCE among the 4 E-Commerce - Platform - Travel companies compared here, at 14.8%. Yatra Online Ltd is next at 7.2%. Yatra Online Ltd has the highest ROCE change at +2.5 percentage points, so level and change sit with different companies.

What the numbers say: Thomas Cook (India) Ltd leads ROCE at 14.8%, 7.6 percentage points above Yatra Online Ltd. Yatra Online Ltd has the strongest latest improvement at +2.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderThomas Cook (India) Ltd · 14.8%
Gap104.4% versus #2 · Yatra Online Ltd
PersistenceNot enough history
Coverage4/4 companies · 26 observations

Investor read: Thomas Cook (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
2Yatra Online Ltd YATRA⚠ unverified7.2%
4Easy Trip Planners Ltd EASEMYTRIP0.6%
ROCE changefastest improvers
1Yatra Online Ltd YATRA⚠ unverified+2.5 pp
2Thomas Cook (India) Ltd THOMASCOOK−4.0 pp
4Easy Trip Planners Ltd EASEMYTRIP−20.0 pp
Return on capital · company comparison
4/4 level · 4/4 change

Withheld from this chart: Thomas Cook (India) Ltd (THOMASCOOK) — its two data sources disagree by up to 30% on reported income across 14 comparable periods, so its derived ratios are withheld; Easy Trip Planners Ltd (EASEMYTRIP) — its two data sources disagree by up to 78% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Yatra Online Ltd YATRA⚠ unverified4.5%+2.5 ppMar 2026
Le Travenues Technology Ltd IXIGO2.7%−9.3 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Le Travenues Technology Ltd · IXIGO

-0.7%
1.7%
7.2%
7.7%
17%
11%
14%
12%
17%
7.9%
13%
2.7%

Yatra Online Ltd · YATRA⚠ unverified

-6.5%
-13%
7.6%
2.2%
6.0%
0.5%
2.8%
0.0%
4.9%
2.0%
7.2%
5.1%
8.2%
4.5%

ROCE change · reported quarter history

Le Travenues Technology Ltd · IXIGO

+6.0 pp
+6.7 pp
+4.3 pp
+0.2 pp
−2.7 pp
−1.4 pp
−9.3 pp

Yatra Online Ltd · YATRA⚠ unverified

−7.1 pp
−2.2 pp
−1.1 pp
+1.5 pp
+4.4 pp
+5.1 pp
+3.3 pp
+2.5 pp
10 · compare level, then change

Valuation Against Growth & Quality

Le Travenues Technology Ltd has the lowest PEG among the 4 E-Commerce - Platform - Travel companies compared here, at 9.43×. Thomas Cook (India) Ltd has the lowest P/E at 22×, so level and change sit with different companies. 1 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Le Travenues Technology Ltd has the lowest comparable PEG at 9.43×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderLe Travenues Technology Ltd · 9.43×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/4 companies · 2 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
1Thomas Cook (India) Ltd THOMASCOOK22.0
2Yatra Online Ltd YATRA⚠ unverified33.2
Valuation · company comparison
1/4 level · 3/4 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Le Travenues Technology Ltd IXIGO9.4126.2Mar 2026
Thomas Cook (India) Ltd THOMASCOOK17.5Mar 2026
Easy Trip Planners Ltd EASEMYTRIP88.6Mar 2026
Yatra Online Ltd YATRA⚠ unverified26.6Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Le Travenues Technology Ltd · IXIGO

4.7
9.4

P/E · reported quarter history

Easy Trip Planners Ltd · EASEMYTRIP

133.8
102.9
62.4
64.5
80.5
65.3
73.2
60.6
51.9
54.8
48.0
49.8
41.2
34.1
36.7
27.9
34.6
39.0
49.8
88.6

Le Travenues Technology Ltd · IXIGO

130.8
112.7
106.5
111.5
123.3
170.2
207.4
126.2

Thomas Cook (India) Ltd · THOMASCOOK

66.2
48.5
40.0
43.8
36.1
33.6
25.5
29.5
29.9
27.8
17.5

Yatra Online Ltd · YATRA⚠ unverified

210.5
222.5
510.9
487.5
114.8
97.1
49.7
37.0
45.5
50.4
26.6
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This E-Commerce - Platform - Travel comparison names 7 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 2 have second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 4 E-Commerce - Platform - Travel companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-31.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 1 unverified · 2 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

E-Commerce - Platform - Travel company comparison FAQs

These 23 answers restate the E-Commerce - Platform - Travel comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the E-Commerce - Platform - Travel sector outperforming NIFTY 500?

E-Commerce - Platform - Travel has underperformed NIFTY 500 by 28.3% over 52 weeks and 2.6% over 13 weeks. 0 of 4 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself.

Which E-Commerce - Platform - Travel company is largest by revenue?

Thomas Cook (India) Ltd leads with revenue of ₹8,399 crore, based on 4 of 4 comparable companies through Mar 2026.

Which E-Commerce - Platform - Travel company is growing fastest?

Le Travenues Technology Ltd has the fastest current revenue growth at 34%, across 4 of 4 comparable companies.

Which E-Commerce - Platform - Travel company has the strongest 4-Factor Sector Score?

Yatra Online Ltd ranks first at 48.4/100 with 71% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which E-Commerce - Platform - Travel company has the lowest comparable PEG?

Le Travenues Technology Ltd has the lowest comparable PEG at 9.43, among 1 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this E-Commerce - Platform - Travel comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty E-Commerce - Platform - Travel index?

The Nifty E-Commerce - Platform - Travel index tracks India's listed E-Commerce - Platform - Travel companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the E-Commerce - Platform - Travel sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best E-Commerce - Platform - Travel stocks in India?

Ranked by this page's four-factor score, Yatra Online Ltd places first among 4 listed E-Commerce - Platform - Travel companies, followed by Le Travenues Technology Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many E-Commerce - Platform - Travel stocks are listed in India?

This comparison covers 4 listed E-Commerce - Platform - Travel companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which E-Commerce - Platform - Travel company is the biggest?

Thomas Cook (India) Ltd is the largest, with trailing-twelve-month revenue of ₹8,399 crore, ahead of Le Travenues Technology Ltd at ₹1,225 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.

Which E-Commerce - Platform - Travel company has the best profit margins?

Le Travenues Technology Ltd has the highest operating margin at 6%, from 4 of 4 comparable companies. Thomas Cook (India) Ltd shows the biggest recent improvement, at -0.6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which E-Commerce - Platform - Travel company makes the most profit?

Thomas Cook (India) Ltd earns the most, at ₹221 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Yatra Online Ltd has the fastest profit growth at 28%, though growth off a small or recovering profit base overstates how much has actually changed.

Which E-Commerce - Platform - Travel company earns the highest return on capital?

Thomas Cook (India) Ltd leads on return on capital employed at 14.8%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which E-Commerce - Platform - Travel stock is the cheapest?

On PEG — where a LOWER number is cheaper — Le Travenues Technology Ltd screens cheapest at 9.43×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the E-Commerce - Platform - Travel sector beating the market?

E-Commerce - Platform - Travel has underperformed NIFTY 500 by 28.3% over the last 52 weeks and 2.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which E-Commerce - Platform - Travel stock has the strongest price momentum?

Le Travenues Technology Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which E-Commerce - Platform - Travel company scores highest for research priority?

Yatra Online Ltd scores 48.4 out of 100 with 71% evidence confidence, from 24.3 points on growth and earnings, 8.3 on capital efficiency, 10 on valuation and 5.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many E-Commerce - Platform - Travel companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the E-Commerce - Platform - Travel sector?

The 4 E-Commerce - Platform - Travel companies on this page carry ₹17,916 crore of combined market value. Le Travenues Technology Ltd is the largest at ₹8,706 crore, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the E-Commerce - Platform - Travel sector performing?

0 of the 4 covered E-Commerce - Platform - Travel companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 28.3% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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