An information platform for unlisted & pre-IPO sharesNot a SEBI-recognised stock exchange or trading platformAll prices are indicative
UnlistedZone
HomeResearchE-Trav Tech – Valuation Summary
Research30 Jul 2025

E-Trav Tech – Valuation Summary

E-Trav Tech – Valuation Summary
E-Trav Tech – Valuation Summary (as of current market price ₹100/share)

About the Company: E-Trav Tech is a digital travel services platform engaged in providing booking solutions for bus, train, and ancillary travel services. The company leverages technology to offer B2B and B2C travel products through a network of agents and online platforms.

1. Total Shares Outstanding (Latest)
  • As of 21 Jan 2025 , total shares = 11,46,74,154

2. Current Market Price (Unlisted)
  • ₹100 per share (assumed)

3. Estimated Current Valuation

Valuation = Total Shares × Price per Share
= 11,46,74,154 × ₹100
= ₹1,146.74 Cr


A) FY24 Financial Performance
  • Revenue: ₹55 Cr

  • PAT (Profit After Tax): ₹20Cr

  • Implied P/E Ratio: ₹1,146.74 Cr ÷ ₹20 Cr = 57x


B) Valuation Growth Snapshot
r>
Date Share Count Price/Share Estimated Valuation
30 Nov 2023 10,58,69,825 ₹60 ₹633 Cr
30 Sep 2024 11,28,69,825 ₹75 ₹846 Cr
Current (2025) 11,46,74,154 ₹100 ₹1,146 Cr
  1. On 30th March 2024, EaseMyTrip (Easy Trip Planners Ltd) invested ₹33 Cr at a valuation of ₹633 Cr, translating to ₹60 per share.

  2. On 21st May 2024, Minerva Ventures Fund infused ₹10.50 Cr at a valuation of ₹846 Cr, implying a share price of ₹70.

  3. Most recently, on 21st January 2025, the company raised approximately ₹13.53 Cr from 21 different investors at a valuation of ₹846 Cr, or ₹75 per share, based on the valuation as of 30th September 2024.


Conclusion

At ₹100 per share in the unlisted market, E-Trav Tech is currently valued at approximately ₹1,146.74 Crores. Based on FY24 financials, the company trades at a P/E of ~57. Despite a relatively modest topline, strong PAT margins and positive investor sentiment have contributed to a consistent upward valuation trajectory.

Disclaimer: This article is for informational purposes only and is not investment advice, nor an offer to buy or sell any security. Unlisted share prices are indicative. Please do your own research or consult a SEBI-registered advisor before investing.
Share this