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Valued as a loss-making company: Analyst consensus.
ACCE opinionYatra Online Inc. Ordinary Shares (YTRA)
Fair value
Not available
ACCE price target
$0.85
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $0.92 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
28
out of 100
Analysts
100% buy
1 covering
1-year return
-41.0%
Dividend yield
0.00%
Yatra Online Inc. Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Yatra Online runs an online travel agency for flights, hotels and bus tickets aimed mainly at Indian and Indian-diaspora travellers, earning commissions and service fees on bookings it routes to airlines and hotel suppliers. Its scale is small against the Indian online travel leaders, and the data here points the wrong way: revenue is shrinking 10.4%, return on equity is negative at -1.7%, and the 3.0% operating margin is thin for a business whose gross margin sits at 27.3%. The trailing P/E is zero because earnings are not meaningful, while the forward P/E of 55.6 implies the market expects a sharp recovery that the current top line does not yet show. The score of 26/100 and the absence from any index mean the stock sits outside most institutional screens, so any interest here needs to rest on a clear view that bookings growth returns and that operating leverage follows. Before going further, the deeper work should test the revenue trajectory by segment and whether the 3.0% operating margin is durable or a one-off.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Insider selling heavy
Insiders sold $36.47M across the last 10 disclosed transactions and bought $0.00M, while insiders still hold 21.1% of the shares. Heavy one-directional selling warrants caution.
high
Revenue and earnings shrinking
Revenue fell 10.4% year over year and earnings fell 37.0%, with a 26.6% quarter-over-quarter drop. Growth has reversed after a 52.8% five-year revenue CAGR.
high
Price above ACCE target
At $0.93 the stock trades 8.2% above the ACCE price target of $0.85. The score has also fallen from 43 to 26 over 90 days.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Analysts covering the stock rate it Buy or Strong Buy, and their mean price target sits well above the current share price.
Free cash flow over the last twelve months was positive at INR 211M, showing the business generated cash rather than burning it.
The diluted share count fell 42.0% last fiscal year, so each remaining share now carries a larger slice of the business.
Why it could disappoint
Revenue shrank 10.4% year over year, a sharp reversal from a five-year average that grew 52.8% per year.
The company reported a loss, with net margin at -2.5% and return on equity at -1.7%, so shareholders are not being rewarded.
Latest earnings per share came in at -0.03 against 1.17 expected, a miss of 102.4%, and the shares trade at a forward P/E of 55.6x.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 11, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where YTRA's valuation models land
Price
$0.92
Model fair valueConfidence: low
about $2.82
Model
Fair value
Upside
Analyst consensus
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Quality
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