TBO Tek logo

TBO Tek share price

NSE: TBOTEKBSE: 544174Leisure ServicesSmall Cap

TBO Tek Limited · Face value ₹1 · Listed May 2024 · Issue price ₹920
Last close ₹1,572.60up ₹30.50 (1.98%)BSE ₹1,575.20

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,542.10.

28 Oct: open ₹1,526.20, high ₹1,579.00, low ₹1,512.20

52-week range of traded prices to 28 Oct 2026
₹1,004.20Low, 23 Mar 2026₹1,772.50High, 7 Oct 2026
Market cap
₹17,077 Cr451st largest listed
P/E
64.51
P/B
11.01
Dividend yield
Nonein the last 12 months
ROE
19.3%
ROCE
14.9%
Debt to equity
0.42
Volume, NSE
48,94961.3% delivered

TBO Tek share price chart

Daily closes since May 2024, adjusted for splits and bonuses

−0.5%over a year · Nifty 500 −8.8%

Results20-session average 2,29,349 shares a day, 54.6% delivered

About TBO Tek

TBO Tek Limited runs a travel distribution business that connects suppliers of travel products with travel agents and advisors. It aggregates travel inventory, including hotel and airline inventory, and distributes it to retail and enterprise buyers. It focuses on the business-to-agent segment, meaning it sells to travel agents, and it serves the premium and luxury segment in particular. Its platforms provide a unified technology, payments, credit and servicing layer for bookings.

The company reports its activity in hotels and ancillaries and in air. Hotels and ancillaries are spread across Europe, the Middle East and Africa, North America, Latin America, Asia Pacific and India. The company has more than 2,600 associates. Its registered office is in New Delhi and its corporate office is in Gurgaon, Haryana.

The group has two wholly owned subsidiaries and twenty step-down subsidiaries. Tek Travels DMCC is a wholly owned subsidiary, and the group also includes Jumbonline Accommodations & Services, incorporated in Spain, and Classic Vacations, incorporated in the USA.

It was incorporated in 2006. Its acquisitions include Island Hopper, Gemini Tours & Travels, BookaBed and Jumbonline. During the year to March 2026 it acquired Classic Vacations, a US-based luxury travel platform focused on premium leisure travel. Classic Vacations serves a network of more than 10,000 travel advisors and has direct contracts with more than 1,500 luxury hotel properties.

Ankush Nijhawan and Gaurav Bhatnagar are its co-founders and joint managing directors.

Written from the annual report for the year to Mar 2026, filed 5 Aug 2026 and the investor presentation.

Sources for 32 statements, each with its page
  1. It aggregates travel inventory. Annual report, page 11
  2. Distributes to retail and enterprise buyers. Annual report, page 11
  3. Inventory includes hotel inventory. Annual report, page 12
  4. Inventory includes airline inventory. Annual report, page 12
  5. It sells to travel agents. Annual report, page 11
  6. Premium and luxury segment is served in particular. Annual report, page 11
  7. Business-to-agent segment. Annual report, page 11
  8. Platforms provide a unified technology, payments, credit and servicing layer. Annual report, page 11
  9. Activity reported for hotels and ancillaries. Annual report, page 20
  10. Activity reported for air. Annual report, page 20
  11. Hotels and ancillaries span Middle East and Africa. Annual report, page 20
  12. Hotels and ancillaries include Latin America. Annual report, page 20
  13. Hotels and ancillaries include Asia Pacific. Annual report, page 20
  14. Hotels and ancillaries include India. Annual report, page 20
  15. More than 2,600 associates. Annual report, page 34
  16. Registered office in New Delhi. Annual report, page 16
  17. Corporate office in Gurgaon, Haryana. Annual report, page 16
  18. Two wholly owned subsidiaries and twenty step-down subsidiaries. Annual report, page 35
  19. Tek Travels DMCC is a wholly owned subsidiary. Annual report, page 35
  20. Jumbonline Accommodations & Services is a group company. Annual report, page 35
  21. Jumbonline incorporated in Spain. Annual report, page 35
  22. Classic Vacations incorporated in the USA. Annual report, page 35
  23. Incorporated in 2006 (CIN characters 9 to 12). Annual report, page 16
  24. Acquisitions include Island Hopper and Gemini Tours & Travels. Annual report, page 34
  25. Acquisitions include BookaBed and Jumbonline. Annual report, page 34
  26. Classic Vacations acquired in the year to March 2026. Annual report, page 34
  27. Classic Vacations is a US-based luxury travel platform. Annual report, page 34
  28. Focused on premium leisure travel. Annual report, page 34
  29. Classic Vacations serves more than 10,000 travel advisors. Annual report, page 34
  30. Direct contracts with more than 1,500 luxury hotel properties. Annual report, page 34
  31. Ankush Nijhawan and Gaurav Bhatnagar named together. Annual report, page 9
  32. They are co-founders and joint managing directors. Annual report, page 9

Results

Consolidated; ₹ crore.TBO Tek quarterly results

Revenue growth, 12 months
+68.9%
Net profit growth, 12 months
+14.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹926 Crup 13.68%
Net profit
₹83 Crup 38.70%
Net margin
9.0%

Revenue by quarter

₹451 CrSep 24₹422 CrDec 24₹446 CrMar 25₹511 CrJun 25₹568 CrSep 25₹784 CrDec 25₹814 CrMar 26₹926 CrJun 26
Peak revenue ₹926 Cr, quarter to Jun 2026; lowest ₹422 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹60 CrSep 24₹50 CrDec 24₹59 CrMar 25₹63 CrJun 25₹68 CrSep 25₹54 CrDec 25₹60 CrMar 26₹83 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue451422446511568784814926
Net profit6050596368546083
Net margin13.3%11.8%13.2%12.3%11.9%6.8%7.4%9.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Hotels & Packages₹2,239 Crup 63.25%83.6%
  • Air ticketing₹325 Crdown 0.91%12.1%
  • Others₹114 Crup 196.59%4.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.TBO Tek PE ratio and valuation

Price to earnings

At or below today's level on 40% of 247 trading days over the last year.

LowestHighest
Its median66.21Industry median22.38
Price to book

At or below today's level on 24% of 552 trading days since Aug 2024.

LowestHighest
Its median12.37Industry median1.61

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−12.3%+6.3%−17.5%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026. Foreign institutions include 15.63% held as foreign direct investment: a stake taken in the company directly, such as a foreign parent's, not bought by portfolio investors.TBO Tek shareholding pattern

Shareholding by group

  • Promoters44.41%
  • Foreign institutions22.51%
  • Indian institutions27.20%
  • Individuals and others4.44%
  • Employee trusts1.44%
Holder
LAP TRAVEL PRIVATE LIMITEDPromoter21.60%
GAURAV BHATNAGARPromoter17.33%
GENERAL ATLANTIC SINGAPORE TBO PTE. LTDForeign direct investment14.40%
MANISH DHINGRAPromoter4.87%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.81%
TBO EMPLOYEES BENEFIT TRUSTEmployee benefit trusts1.44%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −6.42 pts, Indian institutions +6.11 pts, mutual funds +5.88 pts.

Mutual fund holdings

115 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 46 of the 66 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 115 funds holding TBO Tek

Bought for the first time
2
Bought again
1
Added
32
Cut
34
Held unchanged
45
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.TBO Tek insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 5 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

TBO Tek competitors and peers

Tour, Travel Related Services, 22 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to TBO Tek in market cap.Consumer services companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Indian Railway Catering and Tourism Corporation logoIndian Railway Catering and Tourism CorporationIRCTC35,41625.438.22+15.0%+4.1%34.9%37.3%2.03%
BLS International Services logoBLS International ServicesBLS8,95812.693.64+31.8%+24.9%33.7%25.4%1.15%
Waterways Leisure Tourism logoWaterways Leisure TourismCORDELIA6,491–8.92––––0.00%
Le Travenues Technology logoLe Travenues TechnologyIXIGO6,17041.222.84+16.0%+210.8%10.5%3.4%0.00%
Thomas Cook (India) logoThomas Cook (India)THOMASCOOK4,22819.331.66−4.3%−12.9%9.1%8.2%0.56%
Easy Trip Planners logoEasy Trip PlannersEASEMYTRIP2,315––+1.5%−168.5%−6.9%−5.3%0.00%
Yatra Online logoYatra OnlineYATRA1,16737.451.41+9.3%−35.8%3.9%2.9%0.00%
Mach Travel Solutions logoMach Travel SolutionsMACHLTD45228.883.73−2.2%+10.5%13.6%–0.23%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.TBO Tek announcements

TBO Tek share price by year

Each calendar year to 2025.TBO Tek share price history

YearClose at year endChangeHighest closeLowest close
20251,662.70−4.1%1,791.901,013.50
20241,734.15–1,928.601,376.20
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2024 is from its first session, 15 May 2024.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20261,506.101,555.001,500.101,542.101,531.543,27,38677.1%
26 Oct 20261,515.001,527.901,480.601,514.801,505.9250,96051.2%
23 Oct 20261,524.301,574.901,488.901,523.801,510.971,16,16956.2%
22 Oct 20261,552.001,574.401,516.101,545.701,549.1658,01843.0%
21 Oct 20261,616.001,629.501,552.701,571.501,578.8079,42953.3%
19 Oct 20261,608.101,640.001,606.001,613.601,623.7190,08453.8%
16 Oct 20261,635.901,644.801,620.101,627.501,629.5273,25763.3%
15 Oct 20261,665.801,674.901,624.001,627.901,637.8597,83962.3%
14 Oct 20261,643.401,679.001,643.401,668.001,662.801,04,26163.2%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Ravindra Dhariwal
At the end of the quarter to Sep 2026
Managing director
Ankush Nijhawan
At the end of the quarter to Sep 2026
Managing director
Gaurav Bhatnagar
At the end of the quarter to Sep 2026
NSE symbol
TBOTEK
BSE code
544174
ISIN
INE673O01025
Industry
Leisure Services
CIN
L74999DL2006PLC155233
Corporate identity number, the registrar of companies' code for it
Incorporated
2006
Registered office
E - 78, South Extension Part I, New Delhi 110049, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments