Buy TBO Tek, target price Rs 1,500: Anand Rathi

Anand Rathi has a Buy call on TBO Tek Ltd. with a target price of Rs 1500.0. The current market price of TBO Tek Ltd. is Rs 1322.75 Time period given by analyst is year when TBO Tek Ltd. price can reach defined target. TBO Tek Ltd., incorporated in 2006, is a Small Cap company (having a market cap of Rs 14343.36 crore, operating in the General sector.

TBO Tek's key products/revenue segments include Software Development Charges and Other Operating Revenue for the year ending 31-Mar-2024.

Financials

For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 462.54 crore, up 5.42% from last quarter Total Income of Rs 438.76 crore and up 23.04 % from last year same quarter Total Income of Rs 375.91 crore. The company has reported net profit after tax of Rs 58.91 crore in latest quarter.

The company's top management includes Mr.Ravindra Dhariwal, Mr.Bhaskar Pramanik, Mr.Rahul Bhatnagar, Mr.Udai Dhawan, Mr.Gaurav Bhatnagar, Mr.Ankush Nijhawan, Mr.Ravindra Dhariwal, Ms.Anuranjita Kumar, Mr.Bhaskar Pramanik, Mr.Rahul Bhatnagar, Mr.Udai Dhawan, Mr.Gaurav Bhatnagar, Mr.Ankush Nijhawan, Ms.Anuranjita Kumar. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-03-2025, the company has a total of 11 crore shares outstanding.

Investment Rationale
Over FY25-27, Anand Rathi expects overall revenue to grow at 23.2% CAGR, largely led by 28.8% growth in hotels and ancillary revenue, whereas the airline segment would remain flat. Further, they expect the EBITDA margin to increase ~100bps from 17.5% in FY25 to 18.5% by FY27, leading to 22.3% EPS CAG Rover FY25-27. Risks. Inability to retain buyers, discontinuing supply of inventory; external factors curbing travel.

Promoter/FII Holdings
Promoters held 44.41 per cent stake in the company as of 31-Mar-2025, while FIIs owned 31.61 per cent, DIIs 17.88 per cent.