If you want to know more about online travel portal Easy Trip share price target 2024,2025,2026.2027,2030, its products and services, market, and the factors influencing company businesses then you are in the right place.
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You can analyze the company through your knowledge, making investment easy and lucrative.
In this article, we will deeply analyze its threats, strengths, and growth prospects.
Let’s discuss key information of Easy Trip share price target 2024,2025,206,2027 and 2030. For details, please continue reading.
Easy Trip Company Overview
Easy Trip Planner, operates an online travel tech platform EaseMyTrip.It provides a wide range of products and services like air tickets, holiday packages, train tickets, hotel booking, bus and car rental.
It is one of the trusted brand names in the online travel industry in India. The company focuses on great user experience and a one-stop solution for its customers.
The company was established as Easy Trip Planner Private Limited in 2008. It issued an initial public offer (IPO) and was listed on Bombay Stock Exchange (BSE 543272 ) in March 2021 with a premium.
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Easy Trip Share Financial Analysis
Online travel company, Easy Trip Planner reported revenue of Rs 142 crore at the end of the second quarter of September 2023(Q2 FY24) rise of 31 percent compared to Rs 108 crore in Q2 FY23.
For the second quarter of September 2023, net profit at Rs 47 crore increased 66 percent from Rs 28 crore in the same quarter year on year(YoY).
Easy Trip Share Price Target 2024,2025,2026,2030 Table
| Year | First Target | Second Target |
|---|---|---|
| 2024 | 49 | 55 |
| 2025 | 63.7 | 68.60 |
| 2026 | 82.8 | 89 |
| 2027 | 85 | 86 |
| 2030 | 109 | 115 |
Easy Trip Share Price Target 2024
Easy Trip Planner, Products and services classified into (1) Airline Ticketing (2) Hotels and Holiday Packages (3) Trains, Buses, and others.
Regarding airline ticketing, EaseMyTrip offers International and domestic airline tickets for travelers.
The company also provides customers with hotel rooms, Cruises, travel insurance, and visa processing.
EMT is the most profitable and rapidly developing company in the online travel portal Industry.
Easy Trip share price target 2024: It delivered gross booking revenue (GBR) of 47 percent CAGR from 2020-2023.
So we can decide share price target for Easy Trip to be Rs 49 by 2024 and the second share price target to be Rs 55.
| Easy Trip Share Price Target 2024 | First Target | Second Target |
| Rs 49 | Rs 55 |
Easy Trip Share Price Target 2025
Easy Trip always focuses on customer support at all stages of travel before, during travel, and after trips by its in-house call centers.
The company gives priority to technology and training to their employees for the best service to customers.
Technology provides an edge over competitors and helps to reduce costs. It adopts digital technology to enhance its brand presence and provide online customer support.
EMT reported Steller jumped into the air travel 62 percent, Hotel booking 121 percent, and others 10 percent year on year (YOY).
Therefore, we expect share price target of Easy Trip to be Rs 63.7 by 2025 and the second target to be Rs 68.60.
| Easy Trip Share Price Target 2025 | First Target | Second Target |
| Rs 63.7 | Rs 68.60 |
Easy Trip Share Price Target 2026
No convenience fee and lean cost model strategy gives higher support and boosts faster and more profitable growth.
EMT is the only profitable company in this segment. Its unique offering and end-to-end customer support help to gain more repeat customers.
| Easy Trip Share Price Target 2026 | First Target | Second Target |
| Rs 82.8 | Rs 89 |
Easy Trip Share Price Target 2027
EMT provides a platform like a website, mobile application, and network of travel agents all over India.
It has a company-owned call center that provides customer end-to-end support.
| Easy Trip Share Price Target 2027 | First Target | Second Target |
| Rs 85 | Rs 86 |
Easy Trip Share Price Target 2030
Easy Trip Planner’s user-friendly platform, low-cost model, and unique travel offering would strongly support, gaining market share.
EMT has its distribution channels like B2B2C. It has a large travel agent network of about 60,000 travel agents in India onboarded.
EMT aggressively expanded its market presence through acquisition and partnership.
Spree Hospitality Acquisition
Spree Hospitality has a portfolio of clubhouses, guest houses, hotels, and resorts with a target of 200 new properties in the next five years.
Spree currently operates 1200 rooms and 45 properties.
Yolo Bus Acquisition
Yolo bus operates in Tier-I, Tier-II- II, and Tier-III cities. It has served over 3 lakh customers through 250 bus routes.
Flybig Partnership
EMT has become an exclusive partner with Flybig for selling their tickets on the platform. It is a new regional airline.
SpiceJet Partnership
EMT entered an exclusive partnership with a budget airline to boost holiday bookings.SpiceJet is a low-budget airline career that attracts clients.
JusDial Partnership
JustDial is one of the exclusive service providers for all flight bookings.
World Podel League
EaseMyTrip informed that World Podel League is official travel partner of Easy Trip Planner. This partnership will help to connect a larger audience of sports.
So we expect Easy Trip to achieve a share price target in 2030 of Rs109 and the second highest share price target to be Rs 115.
| Easy Trip Share Price Target 2030 | First Target | Second Target |
| Rs 109 | Rs 115 |
Easy Trip Share Price Target 2040
Key risk Factor
EaseMyTrip, aggressive discounts, and promotions help to drive traffic and grow its customer base. But it may decrease margin and net profit of the company.
It is easy for competitors to adopt this model to drive their market share.
| Easy Trip Share Price Target 2040 | First Target | Second Target |
| Rs 350 | Rs 410 |
Easy Trip Planner Business model
No convenience fee strategy, user-friendly platform, and unique travel offering would support EaseMyTrip to gain market share and boost global presence.
Company is diversified its business in various categories including Airline Ticketing, Hotels and Holiday Packages, Trains, Buses, and others.
Easy Trip Planner differentiates its products and services by offering ‘‘not imposing convenience fees’’ and no hidden fee charges.
The company also works on a “No Freels” model which is a great cost-efficient due to minimum employee and marketing expenditure.
Its employee expense is 0.7 per cent of CAGR, and the cost of advertising is 1 per cent.
EMT has on board 60,000 travel agents (TA) and operates in B2C, B2E as well B2B2C networks.
Easy Trip FAQ
Why is EaseMyTrip profitable?
EaseMyTrip or Easy Trip has a strong brand visibility. Its advertisement cost is 0.7% of GBR and repeat customers are very high.
Who owns EaseMyTrip?
Rikant Pittie(26.38%), Nishant Pittie(28.67%), Prashant Pittie(10.49%), are co-founder and promoter of EaseMyTrip.
What is the profit of EaseMyTrip in 2023?
EaseMyTrip reported a year-end March 23 profit of Rs 147 crore
Who are the competitors of EaseMyTrip share?
MakeMyTrip, Yatra Online, and Thomas Cook are main competitors of EaseMyTrip.
Who is CEO of EaseMyTrip?
Nishant Pitti is the CEO and co-founder of EaseMyTrip.
Conclusion
EaseMyTrip is a user-friendly online platform, low-cost, and technology-driven profitable travel services and products company.
EMT offers value-added services to its clients through partnerships with companies, acquire and tie-up.
Therefore, it gains repeat customers by around 80 percent. We expect stellar growth in gross booking revenue(GBR) and profit.
Additionally, Easy Trip share price targets 2024,2025,2026, and 2030 for a better understanding of the company and its business model. If you find this article helpful, please comment.